- Exactly News, i started taking single candle formation because it was pissing me off i was missing price action of know areas of supply or demand by waiting for combined candles only. And in current market condition (small ranges) there was no profit left on table.
You get few more loses down on 5mins but the risk to reward over whelms the losing trades.
newscalper wrote:Yeah, wicked diagrams - I know the traditional names/patterns. Call them BUOB etc if you want - what I saw on the 5 min chart, or thought I saw was that you weren't just looking at singular bars but were combining them also? So if going long you waited until either a singular red bar was engulfed or a run of red bars.