All Concepts
Location
Where price is relative to key levels determines trade validity.
What it is
- •Where price is relative to key levels determines trade validity.
How Candle Whisperer uses it
- •Location is evaluated as part of the NO_TRADE decision framework.
- •Related conditions: KEY_LEVEL_REQUIRED, EXTREME_LOCATION, MID_RANGE
- •Often evaluated together with Support & Resistance and Key Levels.
Doctrine Rules
- •MID_RANGE location invalidates most reversal patterns
- •Key level proximity is required for high-probability setups
- •Extreme locations (near S/R) increase pattern reliability
Common Mistakes
- •Underestimating the importance of location in trade decisions.
Quick Checks
- •Check: MID_RANGE location invalidates most reversal patterns
- •Check: Key level proximity is required for high-probability setups
- •Check: Extreme locations (near S/R) increase pattern reliability
Related Concepts
Educational only. This is training material, not financial advice or trading signals.
Linked from tags: KEY_LEVEL_REQUIRED, EXTREME_LOCATION, MID_RANGE