Manila Mining (MA)

Sometimes, I don't know if I am just having a bad break or simply being stupid when trading.

Here's one of the reasons why I stopped trading with candlesticks(well I still do trade with doji candles though):



A hammer followed by a bullish engulfing = $$ right? Not this time. Had you traded it that way, you are down by 6% or so in the trade already plus another 6% or so, depending on your position size while waiting for your stop to be hit.

Or maybe, I am doing it all wrong. Perhaps wait for the gap to be filled/position at the gap instead?
I'll toss a coin if I would place a barat bid at 0.036.

Manila Mining Corp "A"

I wanted to buy some MA earlier today but I was afraid lol.

Here are the reason's why I wanted to buy it:



RSI is resting at its support with negative ROC flattening out suggesting the correction is over.

Maybe I should have bought since I was feeling afraid lol. Anyway, confirmation of the next move is tomorrow.

Blow off setup?

MA(daily): Getting ready for a blow off?




LC(weekly): Same setup? Volume's half way there.