Comment on Single Candlestick patterns (Part 1)

Karthik Rangappa commented on 07 Dec 2014, 03:18 PM

It is always good to keep the pattern day low as the stoploss. However be flexible with this, if the price has run up quite a bit on 2nd day then no point keeping pattern day low as the SL as it would be too deep. This also explains why we have the risk to reward ratio as one the checklist items while qualifying a trade.

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