Im sure you have heard this saying "Never Let a Winning Trade Become a Losing Trade" & "Let Your Profits Run" right?
Well with what i just told you IS HOW you do it.
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DislikedTo illustrate my question above I attach two charts. The first one shows, via the black arrows, the type of candle I mean. It has no upper wick in a down trend and shows momentum to carry on down. The second, is one illustration from yesterday's whipsaws, where entering on a candle with upper and lower wicks would not have been wise.
This isn't meant as a discussion of levels, pivots, trend etc, just that the best trades ie those with momentum, often have candles which are like those in example one.
Any thoughts?Ignored
DislikedEither link should answer your question..And if you would please add the pair for your pictures and the TFs.
http://www.investopedia.com/articles/technical/04/092204.asp#axzz1UbRkQVAi
http://www.investopedia.com/articles/forex/07/heikinashi.asp#axzz1UbRkQVAiIgnored
DislikedThanks. Sorry for not specifying - I just used them as illustrations. However the charts are EU M5.Ignored
DislikedEurUsd is not any where around 14,400..........so want to try your pair again? Unless your broker is retarded and uses that instead of 1.4400Ignored
DislikedNope. My broker is a UK spreadbetting company. Those numbers are right.Ignored
DislikedI dont do spread betting but that quote does not look right to me.Ignored
DislikedHi
A question re the HA candles. Does your success rate improve by waiting for the HA to show a candle with no higher wick (for shorts) or lower wick (for longs). ie you pass on trades with wicks either side, even if they have changed colour?Ignored
DislikedI want to comment here just because it touches on something I have mentioned. I don't think you'll find any discussion here of specific candle appearance or patterns but it can only help your trading if it makes sense to you. There are probably successful traders here that unconsciously consider the "look" of the candles when trading but don't think about it or even mention it when discussing trades. Why? Because I believe it is just one more example of the seasoned, successful trader whose brain has been conditioned to spot good trades and...Ignored
DislikedI want to comment here just because it touches on something I have mentioned. I don't think you'll find any discussion here of specific candle appearance or patterns but it can only help your trading if it makes sense to you. There are probably successful traders here that unconsciously consider the "look" of the candles when trading but don't think about it or even mention it when discussing trades. Why? Because I believe it is just one more example of the seasoned, successful trader whose brain has been conditioned to spot good trades and doesn't...Ignored
DislikedTo illustrate my question above I attach two charts. The first one shows, via the black arrows, the type of candle I mean. It has no upper wick in a down trend and shows momentum to carry on down. The second, is one illustration from yesterday's whipsaws, where entering on a candle with upper and lower wicks would not have been wise.
This isn't meant as a discussion of levels, pivots, trend etc, just that the best trades ie those with momentum, often have candles which are like those in example one.
Any thoughts?Ignored
DislikedStick with it man you will get it and make returns like this in just 2 days(pic below) if you keep learning Of course your going to have to trade like a MAD MAN! and drink about a pot of coffee an hour! lmaoIgnored
DislikedCan I ask what your weekly target is? I'm trying to determine mine now. Great trading my friend.Ignored