trader_dante
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Hi folks,
Current thread topic is fantastic, don't want to interrupt but couldn't resist posting this one. Amazing what you notice when someone points the way.
This pin-like candle piercing the SMA(60) gave me confidence I was on the right side of the trade having gone short at around 09:10.
Sorry to cut accross topic, please carry on.
Best Regards,
Neil
Neil,
This is exactly what I like to see - traders using price action in a way that works for them.
However you enter, you are using the price action, on your own timeframe (5m) with your own supporting factors (60 SMA) to give you confidence in the continuation of the move. Great stuff!