sl was hit
- #255,503
- Jun 9, 2010 8:00am Jun 9, 2010 8:00am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
stop area of 1.2020 -26 taken out to pop
bear city.
1.2010 -20 top of range
teb
bear city.
1.2010 -20 top of range
teb
- #255,506
- Edited 8:22am Jun 9, 2010 8:03am | Edited 8:22am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #255,508
- Jun 9, 2010 8:06am Jun 9, 2010 8:06am
- Joined Feb 2008 | Status: Trader | 2,258 Posts
All that is left in FF is just plain garbage. "Cloggie"
- #255,509
- Jun 9, 2010 8:07am Jun 9, 2010 8:07am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
2nd Candle formation
I sent this out in the Trend and Trade calls yesterday
tebhttp://cdn.forexfactory.com/images/s...m/big_grin.gif
Outside Candle (Engulfing Candle)
This pattern consists of two candles. 1st. Stranded candles. 2nd. Engulfing candle.
The 1st candle is a narrow range candle that closes down.
The sellers are still in control of the pair but because it is a narrow range candle,
and volatility is low, the sellers are not very aggressive.
The 2nd. Candle is a wider range candlestick that “engulfs” the body of the first candle,
and closes near the top of the range. The buyers have overwhelmed the sellers
(demand is greater than supply). Buyers have "taken over". The bulls are in control
When to take this trade (i.e. in an uptrend, in a down trend reverse everything here)
1. Take the trade as soon as the engulfing candle closes.
2. One pip over the top of the engulfing candle (Pink line)
3. Only trade if you are with the trend on the chart. Here we are using 20 RSI, RSI over 50.
a MACD, CCI, STOCH etc will all do as well.
4. Here is the secret, go one time trade frame up and see what the trend is on that time frames.
Check it on the RSI 20 (MACD etc) only trade if both time frames are inline.
Stop Loss
The bottom of the Engulfing candle. Is the Green line
Target
1st. Target (1st lot) Blue line.
you wing this target by measuring this target ... Line B (white) = Line A (red)
When you hit 1st. target move your stop loss up on the 2nd lot to break even +1 and spread
and let it run.
Best treading idea
reversal on the 5 min chart back to the main trend on the 30 min trend . .
if you want to be on that email list
email me at [color=#22229c][email protected][/color]
I sent this out in the Trend and Trade calls yesterday
tebhttp://cdn.forexfactory.com/images/s...m/big_grin.gif
Outside Candle (Engulfing Candle)
This pattern consists of two candles. 1st. Stranded candles. 2nd. Engulfing candle.
The 1st candle is a narrow range candle that closes down.
The sellers are still in control of the pair but because it is a narrow range candle,
and volatility is low, the sellers are not very aggressive.
The 2nd. Candle is a wider range candlestick that “engulfs” the body of the first candle,
and closes near the top of the range. The buyers have overwhelmed the sellers
(demand is greater than supply). Buyers have "taken over". The bulls are in control
When to take this trade (i.e. in an uptrend, in a down trend reverse everything here)
1. Take the trade as soon as the engulfing candle closes.
2. One pip over the top of the engulfing candle (Pink line)
3. Only trade if you are with the trend on the chart. Here we are using 20 RSI, RSI over 50.
a MACD, CCI, STOCH etc will all do as well.
4. Here is the secret, go one time trade frame up and see what the trend is on that time frames.
Check it on the RSI 20 (MACD etc) only trade if both time frames are inline.
Stop Loss
The bottom of the Engulfing candle. Is the Green line
Target
1st. Target (1st lot) Blue line.
you wing this target by measuring this target ... Line B (white) = Line A (red)
When you hit 1st. target move your stop loss up on the 2nd lot to break even +1 and spread
and let it run.
Best treading idea
reversal on the 5 min chart back to the main trend on the 30 min trend . .
if you want to be on that email list
email me at [color=#22229c][email protected][/color]
- #255,511
- Jun 9, 2010 8:13am Jun 9, 2010 8:13am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #255,512
- Jun 9, 2010 8:19am Jun 9, 2010 8:19am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,455 Posts
sl was hit
lets see 1.2040 - 1.2060 - 1.2080
A little beginner trader since 2006
- #255,515
- Jun 9, 2010 8:26am Jun 9, 2010 8:26am
- Joined Nov 2008 | Status: Trader | 1,032 Posts
congrate
lets see 1.2040 - 1.2060 - 1.2080
but sl hiting is part of trade and when ithappens meaning is your rules were done and u r in right way huumm!
- #255,517
- Jun 9, 2010 8:28am Jun 9, 2010 8:28am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
finally 
take profits when USX touches 87.5 level.
eur/usd 1.214-1.2
take profits when USX touches 87.5 level.
eur/usd 1.214-1.2
- #255,518
- Jun 9, 2010 8:28am Jun 9, 2010 8:28am
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
- #255,519
- Jun 9, 2010 8:28am Jun 9, 2010 8:28am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)