This Is Why You Should Use Long Tails In Your Trading
I like candlesticks with
long tails. I don’t have hard evidence, but I think tails are more
reliable than any other candlesticks. Of course, you don’t need candlestick
charts to identify tails. They are clearly visible on regular bar charts, too.
09:40:45 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
XMSR |
buy stop at 33.01 |
pullback |
32.71 |
33.25 |
32.95 |
TK |
XMSR tested its 60-period EMA on its
5-minute chart and formed a long bullish tail. This was a potential reversal
situation. We placed a buy stop just above this bar.
09:56:24
On XMSR
T.Kamada
If you have questions, feel free to
mail them to me.