Hello everybody,
I am demoing the Vegas Daily, and I want to make sure I am clear on the entry. After I get a reversal candle, should I wait for the next candle to close confirming this move? Or enter at right after the close of the confirming candle?
For example, USDCAD was trending strongly upward last week. On Friday it bounced off the #2 fib and retraced strongly downward. My instinct is to open short at the open tonight but I want to make sure I am not supposed to wait for todays (tomorrows) candle close to confirm.
Thanks in advance, and good luck!
I am demoing the Vegas Daily, and I want to make sure I am clear on the entry. After I get a reversal candle, should I wait for the next candle to close confirming this move? Or enter at right after the close of the confirming candle?
For example, USDCAD was trending strongly upward last week. On Friday it bounced off the #2 fib and retraced strongly downward. My instinct is to open short at the open tonight but I want to make sure I am not supposed to wait for todays (tomorrows) candle close to confirm.
Thanks in advance, and good luck!