es/pip wrote:newark18 wrote:Wow, I've been sitting down and reading (trying to absorb as much of MO's posts and ES/PIP's posts as possible). And I have definitely learned alot. But I still have much more reading to do. One question to those who follow bodies in the direction of profit and wicks in the direction of loss. The candle with the body in the direction of profit closes. And the next candle showing the wick in the direction of loss forms. I assume that we must let this candle close to ensure it is a wick in the direction of loss. And then try to enter somewhere in the wick during the following (3rd candle). Can someone please confirm? Thanks.
the zl is marking where the held profit is----- it is also just a line--- a line in the sand
you want to be in as close to the line as you can
but the line is not an entry signal
I'm not sure if I understand. I thought "bodies in the direction of profit and wicks in the direction of loss" was a safe entry point and indication of direction.