All You Need To Trade Is A Horizontal Line

[TheRumpledOne]

Originally Posted by Andrewunknown

True; this does make it sound like a signal is only taken on the current candle if two criteria are met: a) the prior candle was the opposite color, and b) price reaches the next line in the direction corresponding to the color of the current candle.

Some ambiguity comes into play if, for example, as the prior candle you have a negative candle with a shallow body and small wicks (e.g. encompassing 10 pips) opening and close between lines, and now a current negative candle that is crossing the next line down.

Short (yes, if working from current candle only) or remain flat (yes if working from prior and current in tandem)?

This is a safe trade for the new trader.

But, whether or not you use the previous candle to decide if you are going to trade the current candle, YOU MUST FOCUS ON THE CURRENT CANDLE TO DECIDE WHICH WAY TO TRADE.

[TheRumpledOne]

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