a quick question about buzzard reversal technique- i see 3 green H1 candles, which means we've got a possible reversal. so i watch the fourth candle- as soon as the newly created, 1 minute old candle makes 1 pip down (becoming red) i enter a short trade- is it right or should i wait for it to make some more pips?
and another thing- i heared that we play one reversal on one candle, that means we go short on 4th candle after 3 green candles and, lets say that price goes down 15 pips...we tak profit and wait...we see price goes up, candle turns green...and after a while price starts going down again (were still in the same candle)- should we enter a short position again or not?
now lets say that this candle closed as green- it went down, with us playing on reversal and then went up and closed as green so...can we still play a reversal on another (5th) candle? from my understanding, the answer should be yes- am i right?
so, if the answer's yes- we can play reversals on every candle starting from candle 4 if the price keeps forming green candles... right?
lets say there are 8 green candles...so we should play short as soon as candle turns red on 4th, 5th, 6th, 7th, 8th and 9th candle? am i understanding it right? because that is what seems to be...