Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- #43
- Edited 10:19pm Jan 20, 2018 8:00pm | Edited 10:19pm
- Joined Aug 2015 | Status: Trader | 483 Posts
CADJPY - 20180121
1. Weekly
sellers start SELLING?
what is weekly chart telling us?
(i) BEEB last weekly candle near the Resistance level
sellers start SELLING.
2. Daily
(i) RE-test 89.50 and then BEEB
2 timeframe in harmony
3. Plan
(i) Pend Sell Stop order below BEEB [email protected]
(ii) [email protected], 1st [email protected], 2nd [email protected]
(iii) Risk=1%, RR=1:1
1. Weekly
sellers start SELLING?
what is weekly chart telling us?
(i) BEEB last weekly candle near the Resistance level
sellers start SELLING.
2. Daily
(i) RE-test 89.50 and then BEEB
2 timeframe in harmony
3. Plan
(i) Pend Sell Stop order below BEEB [email protected]
(ii) [email protected], 1st [email protected], 2nd [email protected]
(iii) Risk=1%, RR=1:1
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- #44
- Edited 10:17pm Jan 20, 2018 8:57pm | Edited 10:17pm
- Joined Aug 2015 | Status: Trader | 483 Posts
"HOPE"
NZDJPY - 20180121
1. Weekly
what is weekly chart telling us?
(i) price is in WCC.
the Big boy didn't know put the price where.
(ii) price is above 20EMA, the IMMEDIATE TREND is UP trend.
2. Daily
(i) BEEB near the resistance
3. Lesson
(i) "HOPE"
when the 2nd BEEN is appeared on the daily chart, I hope the price go down more.
“HOPE” is not an ingredient in the traders' success recipe? If I am “hoping” for more that means GREED has raised it's ugly head again.
(ii) BOSS orders to WORKER
high timeframe CONTROLLS the low timeframe. The "safe" way to trade it is when all 3 of our time frames are in HARMONY.
NZDJPY - 20180121
1. Weekly
what is weekly chart telling us?
(i) price is in WCC.
the Big boy didn't know put the price where.
(ii) price is above 20EMA, the IMMEDIATE TREND is UP trend.
2. Daily
(i) BEEB near the resistance
3. Lesson
(i) "HOPE"
when the 2nd BEEN is appeared on the daily chart, I hope the price go down more.
“HOPE” is not an ingredient in the traders' success recipe? If I am “hoping” for more that means GREED has raised it's ugly head again.
(ii) BOSS orders to WORKER
high timeframe CONTROLLS the low timeframe. The "safe" way to trade it is when all 3 of our time frames are in HARMONY.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
CADJPY - 20180121 1. Weekly sellers start SELLING? {image} what is weekly chart telling us? (i) BEEB last weekly candle near the Resistance level sellers start SELLING. 2. Daily {image} (i) RE-test 89.50 and then BEEB 2 timeframe in harmony 3. Plan (i) Pend Sell Stop order below BEEB [email protected] (ii) [email protected], 1st [email protected], 2nd [email protected] (iii) Risk=1%, RR=1:1
CADJPY was filled.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
GBPAUD Trade - 20180128
1. Weekly
what Weekly chart is telling us?
(i) when the BEEB confirmed near Resistance, the Weekly Chart told us the PRICE will RETARCE, so I was down to Daily Chart to wait the RETRACE (retest) and then look for PA set to short.
(ii) when the BUEB confirmed above 20EMA and Support, the Weekly Chart told us the PRICE will continue its TREND, so I was down to Daily Chart to look for PA set to long.
2. Daily
3. Summary
(i) do not put any roadblocks on your charts or in your thinking because you are defeating the whole object and purpose of what we are doing.
(ii) These are NOT boundaries, only levels where we EXPECT price to do something.
1. Weekly
what Weekly chart is telling us?
(i) when the BEEB confirmed near Resistance, the Weekly Chart told us the PRICE will RETARCE, so I was down to Daily Chart to wait the RETRACE (retest) and then look for PA set to short.
(ii) when the BUEB confirmed above 20EMA and Support, the Weekly Chart told us the PRICE will continue its TREND, so I was down to Daily Chart to look for PA set to long.
2. Daily
3. Summary
(i) do not put any roadblocks on your charts or in your thinking because you are defeating the whole object and purpose of what we are doing.
(ii) These are NOT boundaries, only levels where we EXPECT price to do something.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
AUDUSD Trade - 20180128
1. Month
2. Weekly
3. Daily
4. LEARN FROM MISTAKE
(i) Stand on the STRONG EDGE.
(ii) Trading is an act of INDEPENDENCE.
(iii) GREED.
(IV) It is foolish only know PA, and didn't knwo S/R and where you are in the TREND.
(V) Higher time frame CONTROLL lower time frame.
(VI) Trading top/buttom is LOSERS set.
(VII) Trend is like a train. Don't EXCEPT it can turn around immediately.
1. Month
2. Weekly
3. Daily
4. LEARN FROM MISTAKE
(i) Stand on the STRONG EDGE.
(ii) Trading is an act of INDEPENDENCE.
(iii) GREED.
(IV) It is foolish only know PA, and didn't knwo S/R and where you are in the TREND.
(V) Higher time frame CONTROLL lower time frame.
(VI) Trading top/buttom is LOSERS set.
(VII) Trend is like a train. Don't EXCEPT it can turn around immediately.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
EURJPY ANATOMY
- from #Post 1302
Classic hammer Jan21 – Buy Stop above high – not filled (Price below 20 and still steep down slope –see arrow)
IB – Jan 22 – Buy Stop above high – not filled
Neutral doji – Jan 23 – Buy Stop above high – not filled
Bullish IB – Jan 25 – Buy Stop above high –filled
Weak shooting star – Jan 28 – SL below low – stopped out (20 still sloping down)
The Animals are singing “The House of The Rising Sun” followed by the Stones’ singing “Honky Tonk Woman”.
BUOB & HL – Feb 02 – Buy Stop above high – filled
Price closed above 20 – Feb 06 – Bullish – 20 goes flat – see arrow
Bearish Bar (Dark Cloud Cover) – possible double top – SL below low – stopped out
Made HH inside coil
BUOB & HL – Feb 12 – another close above 20 - Buy Stop above high – filled-SL below Feb 12 higher low
Feb 17 - Potential higher low forming coil base line – Buy Stop above 20 – filled
Bullish bar on Feb 18 confirms higher low – price closes above 20 - SL for both orders below swing low
Feb 20 – bullish bar breaks out of coil – Min target = 940 pips – IB – Buy stop above high – filled – 20 turning up – see arrow
Something is happening – Sting is singing “Every Breath You Take”
Feb 22 – price closes above 50 – bullish
Feb 24 – Huge bar – TL drawn
Feb 25 – 20 crosses above 50 - bullish
Feb 27 – Stopped out at TL – Boss 20 coincidence?
March 03 confirms March 02 HL
March 04 – Strong close above BOSS 20 (and you thought you were strong - huh!)
March 05 - Buy stop above highs of consolidation for break out
Feb 27 to March 11 consolidation - flag pattern - Beatles are singing “Nowhere Man”
March 12 – BUOB – buy stop above high – filled – SL below low – 20 is supporting prices
We’re in FAT CITY – throw away all rule books – Everly Brothers keep on singing “BYE BYE LOVE”
March 15 – hammer type bar – buy stop above high – filled – SL below low
March 19 – neutral doji IB – buy stop above high – filled – SL below low
March 20 – TL drawn
March 24 – Strong bearish bar – almost a BEOB – is something wrong? The Beatles are singing “You’re Gonna Lose That Girl”.
March 25 – hammer type bar – buy stop above high – filled – SL below low – I think I hear John Lennon singing in the background “I’m a Loser”
March 27 – Open up charts to hear Roy Orbison singing “IT’S OVER”
March 27 – stopped out (small loss on last trade) BUT close still above 20
Now I’m singing Roy Orbison’s “Crying”.
- from #Post 1302
Classic hammer Jan21 – Buy Stop above high – not filled (Price below 20 and still steep down slope –see arrow)
IB – Jan 22 – Buy Stop above high – not filled
Neutral doji – Jan 23 – Buy Stop above high – not filled
Bullish IB – Jan 25 – Buy Stop above high –filled
Weak shooting star – Jan 28 – SL below low – stopped out (20 still sloping down)
The Animals are singing “The House of The Rising Sun” followed by the Stones’ singing “Honky Tonk Woman”.
BUOB & HL – Feb 02 – Buy Stop above high – filled
Price closed above 20 – Feb 06 – Bullish – 20 goes flat – see arrow
Bearish Bar (Dark Cloud Cover) – possible double top – SL below low – stopped out
Made HH inside coil
BUOB & HL – Feb 12 – another close above 20 - Buy Stop above high – filled-SL below Feb 12 higher low
Feb 17 - Potential higher low forming coil base line – Buy Stop above 20 – filled
Bullish bar on Feb 18 confirms higher low – price closes above 20 - SL for both orders below swing low
Feb 20 – bullish bar breaks out of coil – Min target = 940 pips – IB – Buy stop above high – filled – 20 turning up – see arrow
Something is happening – Sting is singing “Every Breath You Take”
Feb 22 – price closes above 50 – bullish
Feb 24 – Huge bar – TL drawn
Feb 25 – 20 crosses above 50 - bullish
Feb 27 – Stopped out at TL – Boss 20 coincidence?
March 03 confirms March 02 HL
March 04 – Strong close above BOSS 20 (and you thought you were strong - huh!)
March 05 - Buy stop above highs of consolidation for break out
Feb 27 to March 11 consolidation - flag pattern - Beatles are singing “Nowhere Man”
March 12 – BUOB – buy stop above high – filled – SL below low – 20 is supporting prices
We’re in FAT CITY – throw away all rule books – Everly Brothers keep on singing “BYE BYE LOVE”
March 15 – hammer type bar – buy stop above high – filled – SL below low
March 19 – neutral doji IB – buy stop above high – filled – SL below low
March 20 – TL drawn
March 24 – Strong bearish bar – almost a BEOB – is something wrong? The Beatles are singing “You’re Gonna Lose That Girl”.
March 25 – hammer type bar – buy stop above high – filled – SL below low – I think I hear John Lennon singing in the background “I’m a Loser”
March 27 – Open up charts to hear Roy Orbison singing “IT’S OVER”
March 27 – stopped out (small loss on last trade) BUT close still above 20
Now I’m singing Roy Orbison’s “Crying”.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
5 TIPS ON HAMMER
All hammers are not created equal. There are really only a handful of times that this candlestick pattern is actually useful. And, if you traded every single hammer pattern, you would lose money!
HAMMER The Hammer is a single candle. At the bottom of a downtrend, the trade opens near or slightly below the previous days trade, drops down during the day to some value, and closes slightly above or below the open. This is an indication that the buyers are stepping in and may be the beginning of the reversal. If the close is higher than the open, this is a slightly stronger indication of a reversal than if the close is lower than the open. To be sure, it is wise to wait another day to make sure the trend has really reversed. Rules: - It has to...
- A hammer has to develop after a wave of selling (a pullback) has occurred. If it comes after a wave of buying then it is no longer a hammer - it is a hanging man which is bearish.
- Look for the hammer to pull back to a significant support area on the chart. If it is just dangling on the chart with no obvious support to the left, then it is better left alone or you can wait until the following day to see if a reversal takes place.
- Look for the shadow (tail) of the hammer to shake out obvious areas on the chart where stop loss orders are clustered. With these traders out of the way, the stock can rally.
- Look at the range for the day. Is it greater than the range of the prior candles over the past several days? If so, then the hammer will be more reliable.
- Has volume increased from the prior day? If so, then you know that interest is picking up in the stock at the current price level. This falls under the classic technical analysis wisdom that "volume precedes price".
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
HAMMER
GBPJPY
1st BIG BOSS
frome big boss I see:
1) the IMMEDIATE TREND is UPTREND
2) last Month candle is BUEB.
3) 20EMA is below 63EMA (so the uptrend is a RETRACE of DOWNTREND?)
4) PRICE arrived to 63EMA, and 63EMA as dynamic RESISTANCE.
5) 155.50 is the latest important RESISTANCE.
2nd BOSS
from boss I see:
1) last candle is BUEB.
2) PRICE is at the important RESISTANCE 155.50. CANNOT strong closed above 155.50.
3) 20EMA is above 63EMA.
3rd WORKER
What's the difference between the 2 Hammer? Will the PRICE re-test 155.50?
HAMMER A VS HAMMER B
1) the previous candle is different. the pre candle of HAMMER A is SMALLER than hammer A, and the pre candle of HAMMER B is GREATER than hammer B.
2) the HAMMER A is the 1st HAMMER AFTER price arrived the important Resistant 155.50, and then retrace. the HAMMER B is the 2nd HAMMER AFTER price re-test the important Resistant 155.50.
3) about HAMMER B: from Strat's post
Did you check the Big Boss and Boss? Had you done so you would have seen PRICE at resistance. What does the Big Boss at resistance, the Boss at resistance and the Worker at resistance tell you? Even Basic PASR buying back up to previous resistance is very RISKY and is like trying to swim against the current. Did you SEE the huge SELLING candle on February 05, 2018? What do you think that is telling you?
SUMMARY:
All hammers are not created equal. There are really only a handful of times that this candlestick pattern is actually useful. And, if you traded every single hammer pattern, you would lose money!
5 TIPS ON HAMMER {quote} All hammers are not created equal. There are really only a handful of times that this candlestick pattern is actually useful. And, if you traded every single hammer pattern, you would lose money! A hammer has to develop after a wave of selling (a pullback) has occurred. If it comes after a wave of buying then it is no longer a hammer - it is a hanging man which is bearish. Look for the hammer to pull back to a significant...
1st BIG BOSS
frome big boss I see:
1) the IMMEDIATE TREND is UPTREND
2) last Month candle is BUEB.
3) 20EMA is below 63EMA (so the uptrend is a RETRACE of DOWNTREND?)
4) PRICE arrived to 63EMA, and 63EMA as dynamic RESISTANCE.
5) 155.50 is the latest important RESISTANCE.
2nd BOSS
from boss I see:
1) last candle is BUEB.
2) PRICE is at the important RESISTANCE 155.50. CANNOT strong closed above 155.50.
3) 20EMA is above 63EMA.
3rd WORKER
What's the difference between the 2 Hammer? Will the PRICE re-test 155.50?
HAMMER A VS HAMMER B
1) the previous candle is different. the pre candle of HAMMER A is SMALLER than hammer A, and the pre candle of HAMMER B is GREATER than hammer B.
2) the HAMMER A is the 1st HAMMER AFTER price arrived the important Resistant 155.50, and then retrace. the HAMMER B is the 2nd HAMMER AFTER price re-test the important Resistant 155.50.
3) about HAMMER B: from Strat's post
Did you check the Big Boss and Boss? Had you done so you would have seen PRICE at resistance. What does the Big Boss at resistance, the Boss at resistance and the Worker at resistance tell you? Even Basic PASR buying back up to previous resistance is very RISKY and is like trying to swim against the current. Did you SEE the huge SELLING candle on February 05, 2018? What do you think that is telling you?
SUMMARY:
All hammers are not created equal. There are really only a handful of times that this candlestick pattern is actually useful. And, if you traded every single hammer pattern, you would lose money!
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
