Had a hammer on firday with the sunday bar forming a bueb on the DSRI looks like its ready to continue
I zoomed out this far to see how long this uptrend really has been
I zoomed out this far to see how long this uptrend really has been
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DislikedAlso if you draw a support line from May 28 to Sept. 21 there is an acsending triangle ...Ignored
DislikedHere's a chart on eur aud.
Even it is a CT trade, I might buy a small amount if it spikes down out of the TL or breaks the trendline up and retests.Ignored
DislikedThanks friends for responding to my post 5933. I was attempting to see if there was PASR corresponding to MAJOR past SR.
From CrudeCraig:
[color=blue]"I agree but i am getting a feeling that you are trying to see the exact tops and bottoms of each big move, we don't need to be this exact all of the time(sometimes we will get lucky and nail a top or a bottom but it should not be our main priority) we just want a good sized chunk of that move, so getting in on the retraces and adding on our way up or down...Ignored
DislikedHere's a chart on eur aud.
Even it is a CT trade, I might buy a small amount if it spikes down out of the TL or breaks the trendline up and retests.Ignored
DislikedDave, everything "seems" OK but I think you are jumping the gun and are way ahead of yourself.
Have you successfully traded from support to the 1st resistance and from resistance to the 1st support and produced a growing equity curve over at least 6 months? Until you can do this, forget about any trend trades. Start at the beginning and do it one step at a time.Ignored
Dislikedwe have a nice double bottom on the weekly as shown by patrick
are those two longwicked hammers considered a double bottom also or are they too close?
Its looking pretty bullish right now with the sunday bar also making a hammer like candle more like a doji though. I think its still too counter trend for me and I'd like to see a HH above 90.30
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DislikedYou're really narrowing down my options, Strat. First no countertrend trades, now no trend trades. LOL.
Thanks for looking at the charts. I'll keep with the very basics like you suggest until I have them down.
Thanks for your patience, my friend.Ignored
DislikedHuge line is at 1.5737, and I think there should be line at 1.6000 which is also important level. We had SS on Wednesday with daily trend and now we have CT hammer. Probably we should prefer trend trades as I don't have the best experience with CT trades.
alterIgnored
DislikedHi
I am making the assumption that you are saying that this is a pin bar/hammer?
Can you expand on your thoughts about this? Do you still consider this a pin bar/hammer even though its in the middle of weeks of consolidation? And that its appearance is enough to signal the breakout of consolidation and a continuance of the uptrend? The weekly charts shows 7 weeks of going nowhere.
In my experience, I have seen pin bars, especially ones in consolidation, fail a bit.
Your thoughts will be appreciated.Ignored