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Shooting Star and Hammer

  • Post #1
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  • First Post: Jan 18, 2009 11:36pm Jan 18, 2009 11:36pm
1. Daily charts - all pairs
2. SELL after SHOOTING STAR candle on uptrend
3. BUY after HAMMERcandle on downtrend

Mates, let's be honest: these setups are 85%+ successful.

Strategy:

a) Buy/Sell NUMEROUS LOTS on the DAY following the above candles.
b) Compound and Buy/Sell MORE LOTS EXPONENTIALLY during that same day with the UNREALIZED PROFIT
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hey tony good to see your posts hope ur still raking in those pips!
Quoting Tony112
1. Daily charts - all pairs
2. SELL after SHOOTING STAR candle on uptrend
3. BUY after HAMMERcandle on downtrend
[font=Arial][size=3][b][color=DeepSkyBlue]
[color=Black]Mates,...
Nice..I will follow this thread
If you would have sold after SHOOTING STAR you would have won over 230 pips or more if it continues to fall in the next days...
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  • Post #5
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  • Edited at 12:51am Jan 27, 2009 12:50am | Edited at 12:51am
Quoting Tony112
If you would have sold after SHOOTING STAR you would have won over 230 pips or more if it continues to fall in the next days...

I think thats why james16 loves them(pin bars) as well,
tony how do you enter these trades, i have heard, haven't tried it as yet, if you wait for a fib retracement the next day it works well for a good lower risk entry.

cheers
geoff

edit: P.S. K.R days work good too!!!!
I mostly look for trend-line breaks and ''Pins'' as you named them. Once a daily candle closes as:

hammer: I buy many lots progressively on that day
shooting star: I sell many lots progressively on that day

e.g. 250$ can easily turn into 2500$
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Hi Tony,

Thanks for starting this thread. Daily charts ONLY?
Hi Tony, i have so many question but because English is not my first language I find it difficult to express. Anyway, lets say today you found a hammer/shooting star, so tomorrow is it okay to go to H1 to find my pullback/rally for my entry? And do you use fib to pinpoint the areas?

Thanks.
hello there,

i'm trying to understand your system.. please correct me if i'm wrong.

what you trying to say is, view daily TF, if you see shooting star/hammer on the previous day, it will determine the trend for today?

if let's say that a hammer is set yesterday, it's a good idea to keep buying through out today?

GnomeFan
Sameone Heve Indy Thet Identify Thise Candel Pattern?
i dont know why everytime a thread begin very very interesting she disepear or displaced or the autor try to erase the most interesting in this thread its not the entry but the principle of pyramiding!!!!! there is not many weapon to beat the only ennemy we have in this game (broker) and pyramiding is one of this tool . but maybe im parano? who know?
http://www.forexfactory.com/showthread.php?t=11566
http://www.forexfactory.com/showthre...t=62141&page=6 read post 76
this method is useful for D1 TF..

very useful..

i tried it out and got over 200+ pips.
Quoting free84
i dont know why everytime a thread begin very very interesting she disepear or displaced or the autor try to erase the most interesting in this thread its not the entry but the principle of pyramiding!!!!! there is not many weapon to beat the only ennemy we have in this game (broker) and pyramiding is one of this tool . but maybe im parano? who know?
http://www.forexfactory.com/showthread.php?t=11566
http://www.forexfactory.com/showthre...t=62141&page=6 read post 76
exactly, pyramiding with high leverage... it a multiplies your account balance in a scary way but be careful for retraces...
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I'll try to answer all you mates' other questions soon, I am so busy... I'll catch up with you later...sorry
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PLEASE I AM NEWBIE I WANT TO FOLLOW YOUR SYSTEM ON SELL AFTER SHOOTING STAR ON DAILY AND BUY AFTER HAMMER.
Please where will i enter trade? is it on 15m or h1 or in h4 or on the daily
chart.
Please help me on the questions, i will be very grateful.
Orji
my email: [email protected]
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Quoting Tony112
1. Daily charts - all pairs
2. SELL after SHOOTING STAR candle on uptrend
3. BUY after HAMMERcandle on downtrend...
hey tony,
are u still using this method?
Don't be silly
Quoting zortan
Don't be silly

Why you say so ??
  • Post #19
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  • Last Post: Edited at 8:47am Aug 5, 2013 8:36am | Edited at 8:47am
Quoting Parox
{quote} Why you say so ??
Look at the date.
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