Given the feedback to my other post, I thought I better share the gist of what I'm trying to do... if my strategy is at all flawed, I'm hoping for some constructive criticism 
Basically, I look for certain candlestick patterns (usually inverted hammer or hanging man) that suggest reversal of trend. I then confirm these patterns using RSI/STO, trendlines, technical patterns, and anything else I can find.
If certain criteria are met, I enter the pattern in the direction of reversal, and (hopefully) make some money the next day.
I've been using this system since February, and have netted about $3000. Obviously, I've been working out numerous kinks over the past few months... I expect this to work better over time.
Hopefully this makes some sense. Again, if I'm approaching this entirely wrong, I would hope someone could offer some positive feedback
Basically, I look for certain candlestick patterns (usually inverted hammer or hanging man) that suggest reversal of trend. I then confirm these patterns using RSI/STO, trendlines, technical patterns, and anything else I can find.
If certain criteria are met, I enter the pattern in the direction of reversal, and (hopefully) make some money the next day.
I've been using this system since February, and have netted about $3000. Obviously, I've been working out numerous kinks over the past few months... I expect this to work better over time.
Hopefully this makes some sense. Again, if I'm approaching this entirely wrong, I would hope someone could offer some positive feedback
