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Old 04-18-2007, 03:26 AM
edcheong edcheong is offline
Newbie
 

Join Date: Apr 2007
Location: Little Red Dot
Posts: 11
Default Great thread! +2 questions

Hi James,
This is my very first post.
Firstly, a big thankyou for your generousity and hardwork in sharing +teaching us.

I have 3 questions for clarification before i start trading this method.

(See Attachment)
Question 1) Is example B also a IB? The shadows of the 1st candle is engulfing the 2nd candle BUT the body of 1st candle is not engulfing the 2nd candle.

Question 2) For Buy orders, which (1-2pips) High should trigger the Buy? Should it be the highest of candle on the left or right?

Question 3) Would it be a good idea to immediately place a Stop Order at the highest of the IB immediately when the IB is formed?..so that trade will get triggered instantly when price touches it after IB if formed?

Thanks in advance!
Ed
Attached Files
File Type: doc What is a IB and when to trigger buy.doc (28.0 KB, 690 views)
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