USDMXN Closed below DSP Bull candle... Good to sell.
Digamber Shankar PATIL's DSP Candle Strategy
- #119
- Dec 3, 2013 6:13am Dec 3, 2013 6:13am
Password kudos for posting this thread. Anyone else seen this strange broker data where the dsp candle doesn't look correct? First one is EU M15 and the second is GU M15. I'm testing on FXCM Spreadbetting account. Regards Mike {image} {image}
In this case, I doubt there are more than 90 candles and also at the time of bull candle, zero line might be at center. ie both bulls n bears equal.
This strategy looks very simple and u may get instant results. But there can be exceptions too.
Try to stick with the rules written on first post of this thread.
Here is what I can see in my EU chart..
Candle length indicator readings = 181 vs -186
Hence Find Long bear candle. (Even if there is long bull candle. Visually it looks long but its length is less than previous bear candle.)
