do you have any book about this?
“you seem to have an inverted hanging man candle, followed by a bullish engulfing pattern” correct! but its D1 time-frame, and I’m in 5M time-frame that I placed a position. Shall I look higher time-frames? which time-frame, when I’m doing trade in 5M?
" Most traders trade with trend such that if they are trading short" D1 is uptrent, sorry, why shall I trade short, why not long in D1? or what time-frame do you speaking about?
Do you mean when there is D1 uptrend, I shall not trade short in 5M time-frame? if not,what time-frame shall I look?
“trade on corrections and they enter closer to the average price” do you have a guide or reference or book to learn about this? its interesting.
“After a big move has occurred, and you a experienced trader, you tend to think that the farther you get away from average price, the more likely that things are going to correct” sorry, what is your criteria for average price?
“more likely that things are going to correct” do you mean trend get reversed?
"and now those trying to jump in after the move are providing the other side of their trade."
do you mean I shall wait for reversal sign then enter? but then I should be screen-slave for a month time to put a 50pip profit target trade. I like to take all possible positive opportunities that are 80% likely to lead to profit and increase my account size at the moment. I don’t know what to do.