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DoNotFollowThis

  • #141
  • Aug 30, 2017 1:50am Aug 30, 2017 1:50am
Quoting maverick2017
{quote} so if your position goes wrong, you reverse position with price difference between new position and stop loss being 1:1 and add some more if new position goes in your position
I added it with the reverse position, the objectives are to take the money lost back and profit with only one reversing position.
  • #142
  • Aug 30, 2017 1:56am Aug 30, 2017 1:56am
Quoting IPMan
{quote} I added it with the reverse position, the objectives are to take the money lost back and profit with only one reversing position.
So, you closed your previous position to take a new trade ?
A trade should be based on an assumption based on facts
  • #143
  • Aug 30, 2017 1:57am Aug 30, 2017 1:57am
Quoting maverick2017
{quote} So, you closed your previous position to take a new trade ?
Exactly.
  • #144
  • Aug 30, 2017 1:57am Aug 30, 2017 1:57am
Need to find a way to find size of moves.
A trade should be based on an assumption based on facts
  • #145
  • Aug 30, 2017 1:58am Aug 30, 2017 1:58am
Quoting IPMan
{quote} Exactly.
Good trade!
A trade should be based on an assumption based on facts
  • #146
  • Aug 30, 2017 5:02am Aug 30, 2017 5:02am
I'm trying to find the beginning and end of a move.
(engulfing) + (long wick candles) + (only bids/offers) + (end of HH HL or LH LL)= end/beginning of a move.
^^ trying

How do I predict end of a HH HL/LH LL?
If you cannot predict the end of HH HL/LH LL but a referring a new HH or LH will solve the question.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15M analysis 24.png Size: 24 KB
A trade should be based on an assumption based on facts
  • #147
  • Aug 30, 2017 5:22am Aug 30, 2017 5:22am
Quoting maverick2017
I took a short trade at 61.55 in this. Reason - the previous day price went down when volume on bid and offer side were equal. Saw the same setup today and entered a trade {image}
Stayed with the position all day and got stopped out of position due to completion of intraday timing of 3:15 PM
A trade should be based on an assumption based on facts
  • #148
  • Aug 30, 2017 5:25am Aug 30, 2017 5:25am
UJ 15M prediction
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15M analysis 25.png Size: 24 KB
A trade should be based on an assumption based on facts
  • #149
  • Edited 6:03am Aug 30, 2017 5:45am | Edited 6:03am
EU 15M triangle
+
reference candle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 15M analysis 17.png Size: 25 KB
Click to Enlarge Name: EU 15M analysis 18.png Size: 25 KB
Click to Enlarge Name: EU 15M analysis 19.png Size: 29 KB
A trade should be based on an assumption based on facts
  • #150
  • Aug 30, 2017 6:31am Aug 30, 2017 6:31am
This should mean something. Waiting for HH HL to break.
Attached Image (click to enlarge)
Click to Enlarge Name: GC analysis 1.png Size: 28 KB
A trade should be based on an assumption based on facts
  • #151
  • Aug 30, 2017 6:34am Aug 30, 2017 6:34am
Quoting maverick2017
EU 15M triangle + reference candle {image} {image} {image}
Breakout or fake out ?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15M analysis 20.png Size: 30 KB
A trade should be based on an assumption based on facts
  • #152
  • Aug 30, 2017 6:39am Aug 30, 2017 6:39am
Quoting maverick2017
UJ 15M prediction {image}
Wrong here.
A trade should be based on an assumption based on facts
  • #153
  • Aug 30, 2017 6:41am Aug 30, 2017 6:41am
I'm forgetting the why too frequently. Need to write more about charts.
A trade should be based on an assumption based on facts
  • #154
  • Aug 30, 2017 7:01am Aug 30, 2017 7:01am
Wonders what to do if one of these parameters are missing.
(engulfing) + (long wick candles) + (only bids/offers) + (end of HH HL or LH LL)= end/beginning of a move.
What does it mean when a opposite side candle enters a rally? example - black candle in a bull rally and white candle in a bear rally.
What to look for on a candlestick chart?
A trade should be based on an assumption based on facts
  • #155
  • Aug 30, 2017 7:04am Aug 30, 2017 7:04am
Quoting maverick2017
Wonders what to do if one of these parameters are missing. (engulfing) + (long wick candles) + (only bids/offers) + (end of HH HL or LH LL)= end/beginning of a move. What does it mean when a opposite side candle enters a rally? example - black candle in a bull rally and white candle in a bear rally.
Learn daily candle first, intraday candle mostly give wrong signals.
  • #156
  • Aug 30, 2017 7:11am Aug 30, 2017 7:11am
Quoting IPMan
{quote} Learn daily candle first, intraday candle mostly give wrong signals.
Okay. Mostly different pairs of currency show better patterns/signals on different time frames.
A trade should be based on an assumption based on facts
  • #157
  • Aug 30, 2017 7:16am Aug 30, 2017 7:16am
Lower time trades more frequently or long duration trades but less trades.
How are both the same?
It works differently for different people, I guess.
A trade should be based on an assumption based on facts
  • #158
  • Aug 30, 2017 7:19am Aug 30, 2017 7:19am
having problem while reading candle with wicks. Need more clarity.
A trade should be based on an assumption based on facts
  • #159
  • Aug 30, 2017 7:29am Aug 30, 2017 7:29am
Quoting maverick2017
This should mean something. Waiting for HH HL to break. {image}
Made a HH so trend is intact
Attached Image (click to enlarge)
Click to Enlarge Name: GC analysis 2.png Size: 28 KB
A trade should be based on an assumption based on facts
  • #160
  • Aug 30, 2017 7:29am Aug 30, 2017 7:29am
Quoting IPMan
{quote} Learn daily candle first, intraday candle mostly give wrong signals.
Naah
What's left for a day-trader then?
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