Entering on down candles

[algofy]

If you use candles by themselves, you will lose money eventually when a pattern fails. Use them properly, and you get perfect entries with tiny risk. To each their own.

The term "perfect" makes me cringe.

 

[Gasparov]

The term "perfect" makes me cringe.

Never had a perfect trade before?

 

[algofy]

Never had a perfect trade before?

Have had plenty of good trades, plenty of bad ones, just the term perfect just makes me cringe.

 

[fordewind]

WHEN GOING LONG, I think from a stop loss position perspective entering on a down candle is better providing that the entry is in the right area of the chart.

It means a stop loss based based on the chart eg swing low, can be kept closer.
This means better reward to risk and room to increase position size.

Any thoughts.

What`s your additional filters,if any?

 

[murray t turtle]

Never had a perfect trade before?

%%
Plenty of people focus on the perfect+ think of perfectionism.I dont try to predict;+ perfect also means mature, complete. i did shoot a perfectly close arrow, in a target, once ; too close , to my last arrow it damaged both arrows.LOL. Some charts offer black + white candles..........