NT Candles defined
No Trade Candle Sticks
On 5 Min time frame there was an 80/20 chance of being caught inside
of a pull-back or push-up on valid entries.
Of-course we can not be perfect HOWEVER we can strive for it
Introducing NT candle-sticks.
How I use the NT candles is I wait.
If an NT candle prints on the 5 Min I wait ...
for a "CLEAN" candle to "EXPIRE" before taking any trades
ie... 7:30 was an NT candle
7:35 must NOT be an NT candle
7:40 I can trade
Works on all time-frames
This NT candle recognition will keep you out of some "shaky" trades
and brings the winning percentages closer to 92/8