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What do you think and when do you think the theory went wrong? It was only marginally wrong on 06 07 15, but, this Sell is justified thereafter:
06 07 - Sell at 1.55399;
07 07 - Sell at 1.56018, drawdown = - 61.9 pips;
08 07 - SELL at 1.54588 profit = 81.1 + 143 = 224.1 pips;
09 07 - Close at 1.5358 profit = 181.9 + 243.8 + 100.8 = 526.5p.
The theory works when the practice confirms it and we know the limits beyond which the theory does not work.
It is better to make the candlestick chart in a separate window.
Did you calculate this in theory or did you trade in practice?
Theory works when practice confirms it and the limits beyond which theory does not work are known.
It is enough for us that, sometimes, the theory is confirmed. In time, we will learn to understand it better. There is no 100% match anywhere.