Dislikedthe 4hr is looking bullish but possibly a last push higher before turning lower? just an idea anyway. any suggestion?Ignored
Trade what you see
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Dislikedthe 4hr is looking bullish but possibly a last push higher before turning lower? just an idea anyway. any suggestion?Ignored
Disliked{quote} thank for your answer. so the 123 candle pattern should not just have some kind of v-shape. it has to meet detailed criteria to serve as an entry signal?Ignored
Disliked{quote} The context is important. On that particular trade discussed you have a 3 bar bull reversal formation with a Big bull candle. I like to see the price movin before taking the decission. On your trade for validation price should go up a few candles not in the Next one after the 3 bar reversal bull. Its really simple. Buy low and sell highIgnored
Dislikedlong on USDCAD Please correct me if i am wrong? This Strategy can up to 70% win rate...it's good for part time trader =) {image}Ignored
Disliked{quote} Hi jos3ph. IMHO the swing high where you labeled TP should be higher than the previous recent swing indicating a trending market. the pullback that you've pointed out can still possibly advance if the v- shaped candles do form correctly but after looking at the elasticity of the stochastic, the slower stochastic hasn't began to turn yet and the fast is already hooking over.Ignored
Disliked{quote} I think the hammer candle already invalidated that setup since the three prior candles were the v-shaped style. Or maybe the candle count has started over? Waiting to hear from ghbdr since Ive been watching that pair as wellIgnored
Disliked{quote} on post 398 and 410 ghbdr was talking about taking profits at the swing that started the pullback. post 291 is a good example of that.Ignored
Disliked{quote} Thanks My friend.... What is the reason to close EUR/USD trade ? But we can hold that trade. because Weekly Chart having elasticity for short.. According to post 291...Ignored
Disliked{quote} Though that is true. It seemed like there was a bullish candle that formed during the time of the post that could have signaled a move against the established profit and being that the first support level that initiated the pullback is the safest trade to tp like on post 410, it was probably safer not to be greedy including divergence on the weekly. Hopefully I'm somewhere in the ball park after all this is just my opinion from my analysis.Ignored
Disliked{quote} Thanks My friend.... What is the reason to close EUR/USD trade ? But we can hold that trade. because Weekly Chart having elasticity for short.. According to post 291...Ignored
Disliked{quote} Though that is true. It seemed like there was a bullish candle that formed during the time of the post that could have signaled a move against the established profit and being that the first support level that initiated the pullback is the safest trade to tp like on post 410, it was probably safer not to be greedy including divergence on the weekly. Hopefully I'm somewhere in the ball park after all this is just my opinion from my analysis.Ignored