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(binned per thread starter’s request) 29yrs Trading & Still Here

  • #261
  • Sep 24, 2022 3:47am Sep 24, 2022 3:47am
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  • #262
  • Edited 4:20am Sep 24, 2022 3:47am | Edited 4:20am
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The Hanging man and inverted hammer are two of the easiest setups imo. i look for them on all pairs 1hr 4hr and daily tf. back test them over weekend and see the results for yourself ---- dont believe an idiot like me you have to prove them to believe them. The bigger the time frame the more pips on offer
  • #263
  • Sep 24, 2022 5:22am Sep 24, 2022 5:22am
Quoting T721
{image} The Hanging man and inverted hammer are two of the easiest setups imo. i look for them on all pairs 1hr 4hr and daily tf. back test them over weekend and see the results for yourself ---- dont believe an idiot like me you have to prove them to believe them. The bigger the time frame the more pips on offer
I guess apply it into trend is much better win rate.
i used to use those candlestick pattern for reverse but win rate not really good.
maybe is myself not enough familiar with it.
twice mistake this week and same mistake, counter trend with indicator set up divergence but failed at strong downtrend at gu and eu.
overall still green this week.
PA Return Today: 9.7%
  • #264
  • Sep 24, 2022 5:34am Sep 24, 2022 5:34am
Quoting LeongPuiy
{quote} I guess apply it into trend is much better win rate. i used to use those candlestick pattern for reverse but win rate not really good. maybe is myself not enough familiar with it. twice mistake this week and same mistake, counter trend with indicator set up divergence but failed at strong downtrend at gu and eu. overall still green this week.
you just need to back test it enough on different time frames and that will give you the confidence to trade them in the future and once back tested you will know the % win rate. the Hanging man and inverted hammer are nothing new, they have been around forever but it is a stand alone system with a high win rate.

I call them -- TELLS ie, think of a game of poker. a Tell is like the dealer or opponent showing his hand so you know what to do
  • #265
  • Sep 25, 2022 4:43am Sep 25, 2022 4:43am
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  • #266
  • Sep 25, 2022 4:45am Sep 25, 2022 4:45am
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  • #267
  • Sep 25, 2022 4:45am Sep 25, 2022 4:45am
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  • #268
  • Sep 25, 2022 4:48am Sep 25, 2022 4:48am
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  • #269
  • Sep 25, 2022 4:50am Sep 25, 2022 4:50am
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  • #270
  • Sep 25, 2022 5:01am Sep 25, 2022 5:01am
One more
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  • #271
  • Sep 26, 2022 3:20am Sep 26, 2022 3:20am
It's somehow scary to me. Last year you were happy to see daily ranges on GBP/USD exceeding a 70 Pips high/low and now you have M1 bars in the middle of the night putting in a 180 Pips?

How do scalpers handle that? Say you did everything right the textbook are telling you and placed in your -10 Pips stop loss but due to extreme volatility you might get slipped and your order first filled at -150 Pips? Say the 1 Pips would mean you are risking -1% of your account. Good night?

I think that's where you then happy to have at least a broker offering you a negative balance protection?

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  • #272
  • Sep 26, 2022 3:38am Sep 26, 2022 3:38am
Quoting lddd
It's somehow scary to me. Last year you were happy to see daily ranges on GBP/USD exceeding a 70 Pips high/low and now you have M1 bars in the middle of the night putting in a 180 Pips? How do scalpers handle that? Say you did everything right the textbook are telling you and placed in your -10 Pips stop loss but due to extreme volatility you might get slipped and your order first filled at -150 Pips? Say the 1 Pips would mean you are risking -1% of your account. Good night? I think that's where you then happy to have at least a broker offering...
Most time is there is a strong move and one direction at Friday late session and close time, there either a gap or asian session follow it and push it harder.
most time, not every time.
just my observation
PA Return Today: 9.7%
  • #273
  • Sep 26, 2022 4:58am Sep 26, 2022 4:58am
Quoting T721
{image}{image}
Nice journal, T721, There is this guy over at 'Will code you indicators and experts for free" forum that I was trying to explain to him
that candlesticks mean something and they should be traded a certain way but he does not get it, he should get over here and study more...
Those who don't believe in magic will never find it
  • #274
  • Sep 26, 2022 6:57am Sep 26, 2022 6:57am
Quoting lddd
It's somehow scary to me. Last year you were happy to see daily ranges on GBP/USD exceeding a 70 Pips high/low and now you have M1 bars in the middle of the night putting in a 180 Pips? How do scalpers handle that? Say you did everything right the textbook are telling you and placed in your -10 Pips stop loss but due to extreme volatility you might get slipped and your order first filled at -150 Pips? Say the 1 Pips would mean you are risking -1% of your account. Good night? I think that's where you then happy to have at least a broker offering...
Scalpers generally are the liquidity. i stopped scalping over 20yrs ago. im not saying that scalpers dont make money but it just didnt suit me, i never made enough money that way so had to change. if your making pips scalping then keep doing it, everyones different. you just have to find some way of trading that suits you, there is no 1 method that suits all
  • #275
  • Sep 26, 2022 9:17am Sep 26, 2022 9:17am
Quoting T721
{image}{image}
excellent thread! thanks for the great info... love the m/w explanation... at the high/low is usually the best set up on any pair from what ihave seen...
  • #276
  • Sep 26, 2022 9:55am Sep 26, 2022 9:55am
Quoting GGekkoGreed
{quote} excellent thread! thanks for the great info... love the m/w explanation... at the high/low is usually the best set up on any pair from what ihave seen...
i pointed some out on page 9 of this thread. you need to spend a helluva lotta time before you see them in real time, its not easy and some i still miss and only see after the fact --- such is trading
  • #277
  • Sep 26, 2022 10:06am Sep 26, 2022 10:06am
Quoting GPips
{image}
so true... its just not worth it... trade a range and then get smashed...
  • #278
  • Sep 27, 2022 9:30am Sep 27, 2022 9:30am
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  • #279
  • Sep 27, 2022 9:31am Sep 27, 2022 9:31am
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File Type: pdf Powerful candlestic parten .pdf   368 KB | 376 downloads
  • #280
  • Sep 28, 2022 3:03pm Sep 28, 2022 3:03pm
EURUSD -- Just aa gameplan. might happen might not
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