This Is Why You Should Use Long Tails In Your Trading

I like candlesticks with long tails. I don't have hard evidence, but I think tails are more reliable than any other candlesticks. Of course, you don't need candlestick charts to identify tails. They are clearly visible on regular bar charts, too.

09:40:45 (From TradersWire)

XMSR tested its 60-period EMA on its 5-minute chart and formed a long bullish tail. This was a potential reversal situation. We placed a buy stop just above this bar.

09:56:24
On XMSR
Selling half to capture a 22 cent gain. Move stop to breakeven.



T.Kamada

If you have questions, feel free to mail them to me.