May 30th, 2010
- Outside Bar
- Double High Lower Close / Double Low Higher Close
- Matching Low / Matching High (trend continuation)
- Pin Bars
May 26th, 2010
- A strong breakout from a consolidation is good.
- A strong outside bar in a clear trend is also good, even if it is not near support/resistance.
May 25th, 2010
Rules
- Determine the current force in the market: bullish or bearish? (Line of least resistance)
- Find support or resistance (moving average, trendline, horizontal lines)
- Find price action
Beware
- If previous trend is too strong, never trade counter trend.
- Watch out for magnets nearby.
- If a candle largely overlaps with prior candles, it is not a valid signal.
