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A) During the uptrend market, should I take Buy / Long postision and as soon as the candles going to decrease, take Sell / Short postision then ?
and the trade is successfully closed ?
B) At the above position, where should be placed Stop Loss ?
&
C) During the downtrend of market, should I take Sell / Short postision and as soon as the candles going to increase, take Buy / Long postision then ?
and the trade is successfully closed ?
D) At the above position, where should be placed Stop Loss ?
Thanks a lot,
May I ask you to elaborate a bit more about the "Time Frame/s" you have in mind? So the answer/s you will receive will be more precisely to your question/s.
Example: For a trader on the one hour candles, It may also will be important to watch the 30 min or/and even the five minute candles, as first trend changes in those smaller time frames can be important for a price action trader.
Seems to be your first post in the forum. So be welcome and have a good stay here.
