Using Candle Wicks to refine your daytrading entries
In the video I discuss the importance of 'Candle Wicks' in price action and how I use them to refine an entry.
I like to use the 1 minute chart for my entries and have certain criteria to trade with the trend (which I discuss in the video). When trying to trade with the predominant trend up/down, I look to trade retracements. One thing I look for is wicks into the EMAs and then a reversal of the previous candle.
I find these greatly help my timing for entries and can greatly reduce my risk.
I hope that you enjoy the video and are able to use in your own trading.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
I like to use the 1 minute chart for my entries and have certain criteria to trade with the trend (which I discuss in the video). When trying to trade with the predominant trend up/down, I look to trade retracements. One thing I look for is wicks into the EMAs and then a reversal of the previous candle.
I find these greatly help my timing for entries and can greatly reduce my risk.
I hope that you enjoy the video and are able to use in your own trading.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
