This is a similar one.
But be careful these could just be trend retracement.
But be careful these could just be trend retracement.
Continuation or reversal trading M15 6 replies
Continuation patters versus reversal patterns 0 replies
Three line strike: reversal or continuation pattern? 0 replies
Engulfing candles vs Railway Tracks 3 replies
continuation patterns 2 replies
Disliked{quote} Do you find the daily chart is best to look for railway setups?Ignored
DislikedThis is not a railway pattern but I still like the way it looks. I think when taking these trades we have to take advantage of tight stops and go for big RR {image}Ignored
DislikedAnything could happen but since it has been a bullish trend I'm looking for it to go down. {image}Ignored
Disliked{quote} Here is another one might be ready to sell. Again trade at your own risk {image}Ignored
Disliked{quote} Here is another one might be ready to sell. Again trade at your own risk {image}Ignored
Disliked{quote} Maybe its time to enter long Everyone trade at your own risk, Only trade demo if you are following my posts. {image}Ignored
DislikedHidra Thank you for all the examples, you have showed us a lot of profitable ones, in your experience trading both patterns how would you say out of 10 trades which would be the successful rate? would you say it works above 50% of the time? and which pattern do you believe has the highest rate of performance? thanks a lot againIgnored
DislikedI would gladly post if you are so kind of writing in your charts if its a railtrack or a pinbar I still do not get pinbar formation very well, also we could define some rules of trading them, like size, trade the patterns on supports resistences, trenlines etc, specific timeframes, a more detailed place of the stoploss and maybe we could start posting charts that fulfill those rules so we can all see how profitable they are, thank you Hidra. I am very interested to see how it develops because I have the feeling this is very good, just needs some...Ignored
DislikedI have attached an image with some railway tracks I believe I have seen, if you are so kind to confirm if they are correct or not, it is the 5min dow jones today, wanted to test how reliable they are in small timeframes. {image}Ignored