Rule 2: Wait for the candle to close.
You aren't in a rush my friends. Wait for the candle to close be it a M15,H1,H4 or D1 candle, it doesn't matter.
Assuming you are a day-trader who uses H1 charts, your entry signal comes from H1 candles. This means that you need to wait for the H1 candle to CLOSE before making any trading decisions.
Looking at the example:
Let's say at 12.30pm, you see a bullish candle with a pretty decent length wick and you are on an uptrend. Sounds good to Long right? NO! You MUST wait till 1pm until the candle closes. Only when it closes then the candle becomes a potential signal. It can become a neutral candle or even a bearish one if you didn't wait.
So, if you have a backtested trading system that works but ain't making profits during forward testings, this might be a problem that you are facing now. #trading #forex #forextrader #education #wealth #forexeducation