Haste not to Enter AND Haste not to Exit !-TradeStar
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DislikedHi hussin naiji,
On the Eur JPY chart you attached, are you considering the two candle sticks (with in the white circle) together to treat it like a long legged doji?
Thanks
TSIgnored
Dislikedhi DEAR Rob
this is my point of view about GJ IN THE NEXT WEEKS
Quote:
Originally Posted by hussin naiji http://www.forexfactory.com/images/buttons/viewpost.gif
hi all
long legged doji is an important reversal signal especially at retrace points .this candlestick shows to us that there is a great amount of indecision in the market (especially in between bearish (hussin naiji) and bullish (shahroodi)).
but the bearish long legged doji pattern is rare in the weekly candlestick GJ , so that since in the past fourteen years .only we have seen approximately 6 pattern as follows:
1-Apr 1994 ,then after three weeks with -900 p
2-Nov 1994 , then after four weeks with -2000 p
3-Nov 2000 , then after one week with -1400 p
4-Feb 2002 ,then after two weeks with -1000 p
5-Jun 2007 , then after three weeks with -2500 p
6-Apr 2008 , then??????????????????????????????? ????
of course Rob , my consideration is only from sushi about trend yen
Ignored
DislikedHello hussin
I am glad I found your thread and will be following along regularly.Ignored
DislikedI have open other 2 short term positions on usdcad end eurchf....
regards
ps: Tomorrow is the last candle of the week....We can analyze weekly charts to find best opportunities for next week....Ignored
DislikedGood morning Hussin.
When we look at candles on daily, weekly and monthly charts, whilst I can gain the big picture of what might happen quite well, selecting an entry point and minimising risk is a challenge.
I believe that you don't use a stop loss. But even this approach requires risk to be mentally accepted.
Do you have some basic ground rules that can help with entries on these higher time frames?
Thanks,
RobIgnored