RISKED 0.5% Half the usual due to 30m no topwick,
+0.03%
When candle fails to form wicks on either end, there's an increased in probability that it has reached overbought/sold conditions OR that a huge retracement could occur on Smaller timeframe. This could be observed on the 2 following candles.
It also means you need to be extra strict with your risk management and ensures that you don't get caught closing positions or partials when price is doing a steep retracement.
+0.03%
When candle fails to form wicks on either end, there's an increased in probability that it has reached overbought/sold conditions OR that a huge retracement could occur on Smaller timeframe. This could be observed on the 2 following candles.
It also means you need to be extra strict with your risk management and ensures that you don't get caught closing positions or partials when price is doing a steep retracement.
Hold nothing sacred in search of truth