Things a trader should never do 36 replies
There are no secret patterns and there will never be one 381 replies
Argument for never using SL in orderprocessing in EA...and proposing an alternative 7 replies
Never listen to forecasters and analysists. 16 replies
uncommon? 51 trades I never lost 26 replies
Disliked{quote} I'm looking for these patterns on H1 to get my entry signal... I keep an eye on D1 to know if trend is about to change or continue. The smartest thing to do is to take very few trades, when daily pulls back. Unfortunately, trends aren't as long-lasting as they used to be when I first started. Pairs like EJ are plateau-ing, EU and others are seriously rangebound, stuck between two extremes and oscillating between both. Sadly. Which is why I pay close attention to these ranges and look at D1's behavior aroutter than tesing indies thatnd them....Ignored
Disliked{quote} lol.... I have no idea what you just said. Are you asking who's turn it is to make dinner ?Ignored
DislikedBack from a (study) break... Taken long on a BUOB + touch of the 50EMA on the m15. Had not set a TP, was waiting to see the results of the PMI. Also bullish flag was apparent, so I took the trade with upmost confidence. {image}Ignored
DislikedLooking great WDays! I was hawking the pair for a chance to get on long too. Entered a bit late, price already broke 6 pips above Asian range. {image}Ignored
DislikedHere's some of the PA I look for... I take outside bars only as a continuation pattern. I take double bar high/low with lower/higher close as a reversal pattern. I look for pinbars (my last trade was entered based on a pin-like formation)... It makes for high probability trading and cheap stops... I look for these patterns on M15, H1, up to D1 and sometimes W1 (rarely), because I want to know if I'm still in the trend or if the bigger picture (24 hours worth of information in one candle) is showing a turn around... {image}Ignored
Disliked{quote} Have you considered standardizing this PA set up into an algorithm and testing/trading it in an EA? This would alleviate having to worry about closing positions while you sleep.Ignored
Disliked{quote} I am not really fond of EAs. I have friends that use them and do well, but it's just not my thing. I don't feel the need to be in a trade everywhere all the time and I don't need to make hundreds of pips every week. This week is way overshooting my target. Also, I have kind of lost my trust in candle patterns, I still look out for them but they are no longer the bread and butter of my trading. My trading is more focused around highly probable areas of liquidity that I spot out with a few glances of the charts. This is actually an old thread...Ignored