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nak ikut...
waiting for next candle to go south ..but expecting some corrective trend next monday ..that's for sure
I'm using platform MT5 below and using Chaos system by Bill William , and using BW trade in the zone ..abit ok for me as it already shown how to read the graph based on AO and AC movement
if AO and AC white = candle white (bull trade)
if AO and AC red = candle red (bear trade)
if AO red and AC white = candle grey (ranging..dont trade. just wait. Else just put trailing stop to secure your profit)
if AO white and AC red = candle grey (ranging..dont trade. just wait. Else just put trailing stop to secure your profit)
actually the grey candle is based on AC/AO changing . we can trade during grey candle happened , but risk is there.
so what we can do , we just put trailing stop (at least 55 pips) ..thats depending on Alligator (the 3 MA line on the chart)
need to study Trading Chaos book
fruit for thought . please care to comment