UsdChf H4:
Price is coming back to retest the rising wedge TL after breakout.
Price is coming back to retest the rising wedge TL after breakout.
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DislikedHello Members,
As expected Both UsdChf, UsdCad retraced to retested the support level's and bouncing now. hope everyone caught these moves.Ignored
DislikedHi Guys, EG weekly TF ... A bearlish engulf pattern after a uptrend. Someting we want to focus in. Entry depend on yr MM. A sell below the close or wait for it to retrace back to 61.8 or retrace back to somewhere near the bearish candle. (it may not look back if you wait)
Secondly... a divergent between the PA and MACD histogram.Ignored
DislikedTake a look at the daily tf ... Price is in range. Touching the bottom line. Go down to 4 hr and u see a nicely hammer. If we buy right after the hammer.. SL below the bottom line and tp is the top line. I am still longIgnored
Dislikedpip26 i must say ur trend line drawing skills are more than amazing, how did u master it?Ignored
DislikedHello
Demo trader here, having started off using candlestick patterns initially then got caught up in using a lot of different fancy indicators that i got fed up with because so many of them lag and give of false signals. i like to do short trades, just trying to see where the price is going over the next half to hour long trade. i've come back to candles and trying to get more familiar with the different patterns and enjoy it but have seen it mentioned that candles are more reliable in longer time frames, ie daily weekly etc, just wondering if...Ignored
DislikedHi rlforex, same like you... i jump from one system to another system before. A chart that full of indicators. And I become a master of none. I work full time. Once I am so excited about trading, when I reach home from work. I power on my laptop and start looking for setup... 1 mins, 5mins, 15 mins ans 1 hour. Later, I realise that I can't cont it anymore. Trading should be fun and not chasing after setup. So I drop to daily and weekly tf. I am doing good now... Candlesticks can be good in any tf... it all depend on your MM. However, I will put...Ignored
DislikedHi Freedomsg
thanks for answering my questions, much aprecciated, still fairly new to all this and floundering around a bit, i'll have to take a look at those timeframes you mentioned, have in my head that i want to stick to intraday trading at the moment but i always keep an open mind and its great to get a bit of advice from those who've been at this longer, I heard about that book by steve Nesen its supposed to be the best on candelsticks, might have to be my christmas pressie!
have a good trading week and thanks again
RachelIgnored
DislikedIf you have sell have the bearish engulf... a nice 172 pips and still going down. I will expect her to go down further. I am still holding it.Ignored
DislikedHello
Demo trader here, having started off using candlestick patterns initially then got caught up in using a lot of different fancy indicators that ...Ignored