When CandlePro signals

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When CandlePro signals

Postby hungarian » Mon Aug 16, 2010 1:14 pm

When there is a pattern on the 15M chart signaled by CandlePro, pull up your 1M chart to see where the candles are. If the signal was bullish and the price is near or at the top Bollinger Band line,

wait until it comes down to MA20 or below before you open a long position.

The opposite is true for a bearish candle pattern.

If the price keeps falling after reaching the lower BB right after a bullish signal, it may be better not to enter
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