How do I take a 5 Candle trade?
Quick answerPlace the same order the card shows: a buy-stop at the peak (the top of the blue zone). Once it fills, set the stop and the target from the card, and move them after each candle closes.
The details
- Open the call's card on 5 Candle Live.
- With your broker, place a buy-stop at the card's entry. The order waits until price reaches the peak.
- When it fills, set the stop and the target from the card.
- After each daily candle closes, move both to the new levels on the card.
Size it to the stop first: the Position Sizer does the arithmetic.
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