Railway tracks and other reversal and continuation patterns | Page 5 | Forex Factory

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Railway tracks and other reversal and continuation patterns

  • #81
  • Mar 13, 2019 5:53am Mar 13, 2019 5:53am
Quoting CrocodileRex
two trades i did yesterday. i am more of a intraday trader so not sure if this suits you guys. {image} {image}
Tnx for the post. Looks excellent.
  • #82
  • Mar 13, 2019 6:36am Mar 13, 2019 6:36am
Quoting hibra68
Hi, I have been looking for a good railway tracks pattern indicator and I have not found one. If anyone can make one or have link please post. So I have visually looked at this pattern, its nothing new, but I am gonna trade it with confirmation. The chart below has 2 rec. Boxes. The one on top shows the railway pattern, the one at bottom shows confirmation. So if today the daily candle closes bearish sunday we take a short, sl is the size of the pattern the tp is same {image}
Here is an indicator for you
Attached File(s)
File Type: ex4 railroad.ex4   155 KB | 682 downloads

Attached File(s)
File Type: mq4 railroad.mq4   149 KB | 826 downloads
  • #83
  • Mar 13, 2019 7:00am Mar 13, 2019 7:00am
Quoting shiva
{quote} Here is an indicator for you {file} {file}
Thank you
  • #84
  • Mar 13, 2019 8:50am Mar 13, 2019 8:50am
Quoting shiva
{quote} Here is an indicator for you {file} {file}
Thank you Shiva, very kind of you
  • #85
  • Mar 13, 2019 2:50pm Mar 13, 2019 2:50pm
Look guys, the USDCAD Daily turned out well
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-d1-easy-forex.png Size: 134 KB
  • #86
  • Mar 13, 2019 3:48pm Mar 13, 2019 3:48pm
These are working out great
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  • #87
  • Mar 13, 2019 3:51pm Mar 13, 2019 3:51pm
These 2 are not working I would bail out now.
Attached Image(s) (click to enlarge)
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  • #88
  • Mar 13, 2019 7:19pm Mar 13, 2019 7:19pm
Hi Hibra, thanks for the thread.

What are your thoughts on this one?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 30 KB
"Be the change that you wish to see in the world." --Gandhi
  • #89
  • Mar 13, 2019 7:35pm Mar 13, 2019 7:35pm
Quoting Wally1953
Hi Hibra, thanks for the thread. What are your thoughts on this one? {image}
looks good,

i think i posted it before.
  • #90
  • Mar 13, 2019 7:38pm Mar 13, 2019 7:38pm
this one the pink line is stop loss

the big rectangle entry zone
Attached Image (click to enlarge)
Click to Enlarge Name: TurnkeyFX.png Size: 92 KB
  • #91
  • Mar 13, 2019 7:40pm Mar 13, 2019 7:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: TurnkeyFX.png Size: 95 KB
  • #92
  • Mar 13, 2019 8:11pm Mar 13, 2019 8:11pm
Quoting hibra68
These 2 are not working I would bail out now. {image} {image}

Hibra, thanks for everything my dear, about the losses first where do you recommend the placement of the stoploss? and the other comment and would like to know your opinion, I have been doing both patterns for very few time, just days but my perception is that the railroad track is not as powerful as the kind of pinbar pattern, usually when that pinbar reversal appears is like fire so far I have seen , what do you think?
  • #93
  • Mar 13, 2019 8:34pm Mar 13, 2019 8:34pm
I saw this today in dow jones 30mins, but wanted to ask you if this is a pinbar pattern? If you see in this one the wick of the pinbar is not higher than previous but still the reversal happened.
Attached Image (click to enlarge)
Click to Enlarge Name: us30-m30-easy-forex.png Size: 109 KB
  • #94
  • Mar 13, 2019 8:52pm Mar 13, 2019 8:52pm
Quoting blanca
I saw this today in dow jones 30mins, but wanted to ask you if this is a pinbar pattern? If you see in this one the wick of the pinbar is not higher than previous but still the reversal happened. {image}
That looks more like a doji if I you are referring to the 7th bar from right.
  • #95
  • Mar 13, 2019 8:55pm Mar 13, 2019 8:55pm
It is the 11th candle from the right, sorry for not describing It more in detail, a pinbar maybe? it went up after it appeared this morning
  • #96
  • Mar 13, 2019 8:57pm Mar 13, 2019 8:57pm
Quoting blanca
{quote} Hibra, thanks for everything my dear, about the losses first where do you recommend the placement of the stoploss? and the other comment and would like to know your opinion, I have been doing both patterns for very few time, just days but my perception is that the railroad track is not as powerful as the kind of pinbar pattern, usually when that pinbar reversal appears is like fire so far I have seen , what do you think?
I dont want to recommend where to put stop losses , its up to the individual. But the whole idea of a reversal pattern is that the price does not go pass above/below the pattern candles.

As far as pinbar or railway or another pattern, just be timid in your sl and tp. If the price goes in the right direction place you sl to breakeven quickly.

Most of the time the price will comeback and hit breakeven + sl but its ok, better than losing.
  • #97
  • Mar 13, 2019 9:02pm Mar 13, 2019 9:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: TurnkeyFX.png Size: 99 KB
  • #98
  • Mar 13, 2019 9:48pm Mar 13, 2019 9:48pm
Quoting blanca
It is the 11th candle from the right, sorry for not describing It more in detail, a pinbar maybe? it went up after it appeared this morning
That is a doji as well. So i guess it might be a pinbar at 15 min or lower.
  • #99
  • Mar 14, 2019 6:47am Mar 14, 2019 6:47am
Quoting hibra68
this one the pink line is stop loss the big rectangle entry zone {image}
Its going down
Attached Image (click to enlarge)
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  • #100
  • Mar 14, 2019 8:56am Mar 14, 2019 8:56am
Quoting hibra68
{image}
Going up
Attached Image (click to enlarge)
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