I didn't take that short myself, and it dropped from 4322 to 4285.
Then I saw inverted hangman/hummer on 1H, and took long at 4295, then locked it BE+4, and couple min later it was stopped!
I'll stay on a side and wait for clear signal.
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DislikedConcerning the 15m chart below. I was expecting the first circled candle to signal a reversal, but price continued south. The next circled candle, which I believe is an inverted hangman, did result in a reversal.
Can anyone tell me the difference in psychology between these two candles and why one should have resulted in a reversal, and not the other? What's the process for trading these candles as they seem to have questionable reliability to me?Ignored
Pattern Explanation
: Market is characterized by downtrend. The upper shadow should be at least two times the length of the body. The real body is at the lower end of the trading range. There should be no lower shadow or a very small lower shadow.
The Inverted Hammer tells us that the market opened near its low, then strongly rallied and finally backed off to close near the opening. Inverted Hammer is a bottom reversal candlestick.
Important Points
: Bullish verification on the day following the inverted hammer is required.This verification can be in the form of the next day opening above the inverted hammer’s real body. The larger the gap the stronger the confirmation will be.
DAY = Meaning Candle
DislikedI was long at 4319 again but am not staying the distance to 4350 or whatever. Out for the weekend. Great trading again chaps and we'll meet again Monday morningIgnored
DislikedNo problem, buddy.
I didn't take that short myself, and it dropped from 4322 to 4285.
Then I saw inverted hangman/hummer on 1H, and took long at 4295, then locked it BE+4, and couple min later it was stopped!
I'll stay on a side and wait for clear signal.Ignored
DislikedGuys I am out of here enjoy your weekend I am off to Barcelona with the new girlfriendIgnored
Dislikedalright eo, had a couple of good ones today and some stop outs.
hope you are wellIgnored
DislikedGuys I am out of here enjoy your weekend I am off to Barcelona with the new girlfriendIgnored
DislikedGuys I am out of here enjoy your weekend I am off to Barcelona with the new girlfriendIgnored
DislikedLife is good to you: green pips - new girlfriend - Barcelona.
Enjoy it man!Ignored