Transcipt
okay members let’s talk about the 8po
candle thing as part of our core
strategy so our levels work beautifully
when there is rational price action okay
when there is irrational price action I
recommend you don’t trade the early
warning sign to irrational price action
is when we have an 8-point candle so in
our Essentials and indicator under
Styles there’s a setting you can put for
eighto candles okay I just turned it to
Red it’s normally a different colored
blue but I’m just making it very obvious
for this training so eight-point candle
here immediately it’s stop pause no more
trading until it bounces off two levels
and of course there’s no more eighto
candles so as we um had discussed here
we had a level here and that would have
been the first bounce we had a level
here and that would have been the second
bounce we had a level right here and
that would have been a third bounce so
anytime after two bounces after an
eight-point
candle you can resume trading
now research in our own group from other
members said these two bounces can be
from previous levels such in this case
this first bounce right here would have
been from an overnight level I tend to
encourage you to do two bounces from
newly created levels during the rth
session but other members have noted
that as long as they wait for two
bounces from any level whether it’s from
the overnight session or whether it’s
newly created whether it’s on a one
minute or a thre minute whatever you
wait for two bounces then you can resume
trading this puts you in an environment
where there’s rational price action and
and our levels behave
beautifully in rational price Stay Green
my friends and to learn more about our
group go to micr
[Music]
trader.com
Disclaimer & Links
Okay, members, let’s talk about the 8po candle thing as part of our core strategy. So, our levels work beautifully when there is rational price action. When there is irrational price action, I recommend you don’t trade. The early warning sign of irrational price action is when we have an 8-point candle.

In our Essentials indicator under Styles, there’s a setting you can use for 8po candles. I just turned it to red; it’s normally a different color, blue, but I’m making it very obvious for this training. When you see an 8-point candle, stop trading immediately. Wait until the price bounces off two levels, and of course, there should be no more 8po candles.

As we discussed, the first bounce could be from a previous level, such as an overnight level. I encourage you to wait for two bounces from newly created levels during the RTH session. However, other members have noted that as long as you wait for two bounces from any level, whether it’s from the overnight session or newly created, whether it’s on a one-minute or a three-minute chart, you can resume trading. This approach puts you in an environment where there’s rational price action, and our levels behave beautifully.

Stay green, my friends! To learn more about our group, go to microstrader.com.