Dislikedpsgm
Do you mean those 10 pips bounces that are in direction of trend are good for this trading method you mentioned in your last post?Ignored
As a VERY VERY ROUGH RULE OF THUMB. the move is more often than not 2 times the first 3 candles.
For example, if the first 3 candles move 15 pips, then I would expect the move to be around 30 pips (making the entire move from the start 45 pips)
Also I do not necessarily count doji candles in the count (long wicks small bodies).
Again rule of thumb - doji candles are neutral, and should not be counted -either for or against.
What this measn in effect, is that if you got 2 good bullish candles, and a doji, if the 4th candle is another bullish, then this could be regarded as the 3rd - however it also means that the overal move could be relatively weak.
The best way to observe what I mean is to simply watch the charts unfold, and see what happens!
the best trades for this method are 3 roughly equally sized bullish or bearish candles. Check either this site or the internet to study more about these candlestick formations.