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Old 24-03-2012, 12:07 AM
alex alex is offline
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Originally Posted by avadhoot View Post
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Yes that exhausting candle pattern after substantial rally works very well as profit targets. Pattern is after the rally if there is WRB ( wide range bar ) in the direction of the trend with excess volume than average. In VSA and by Wyckoff they highlighted its importance and we were discussing about that in other thread ( SIMPLE by Devdas .) So technically we should give credit to the pattern instead of delivery percentage. I have done various tests and among that I reversed the criteria for buy and sell that means if delivery % volume increases then instead of buy sell short, but as I said exit rules are not clear since we are looking at the one side of the moon.
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