Harami + same color continuation

readers message

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Hello Long,

How are you ?

I would like to have your advice about a simple but maybe effective candlestick strategy, which seems to be used often by traders :

  • wait for a mother candle and a baby candle (harami)
  • wait for a close outside the mother candle
  • entry at the close (long trade if the breakout is above the mother candle)
  • stop loss and take profit : size of the mother candle
This is the kind of strategy that I would like, if it is profitable.

Daily timeframe, but maybe it can work on smaller timeframes.

Best regards,

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video here