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EURUSD

  • #270,341
  • Jul 13, 2010 6:15am Jul 13, 2010 6:15am
can the formation on the 5 min be considered a bull flag?
  • #270,342
  • Jul 13, 2010 6:17am Jul 13, 2010 6:17am
Quoting Jhig
It a candlestick reversal pattern. Its a pattern that doesn't mean anything unless you see it forming near support and resistance level. If you ever see DC forming near or on a S/R level, its a great indicator to show you a reversal off the S/R level happening.
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  • #270,343
  • Edited 6:31am Jul 13, 2010 6:18am | Edited 6:31am
Quoting T@rantula
Attachment

Hey Dude it's a Joke. By the way I didn't know that, you get "Dark Cloud Cover'' in Bar Charts .

Thanks for that. I have learn't something new today.
Fools Rushing
  • #270,344
  • Jul 13, 2010 6:22am Jul 13, 2010 6:22am
Quoting MTF Test
Hey Dude it's Joke. By the way I didn't know that, you get "Dark Cloud Cover'' in Bar Charts .

Thanks for that. I have learn't something new today.
LOL...Its not bar charts its Neuro bar charts personally modified. Candlesticks contain the same data as a normal bar chart but highlight the relationship between opening and closing prices.

BTW... A perfect indicator shows me patterns w/o switching to Candlesticks.

U can learn a lot from me. Come to my forex school
  • #270,345
  • Jul 13, 2010 6:23am Jul 13, 2010 6:23am
Quoting T@rantula
Attachment
I'm sorry but i can't read your chart. What are you showing me?
  • #270,346
  • Jul 13, 2010 6:25am Jul 13, 2010 6:25am
Quoting Jhig
I'm sorry but i can't read your chart. What are you showing me?
That I have opened the trade below Upper Blue trendline just below yellow moneyline whereas both serve as a resistance.
  • #270,347
  • Jul 13, 2010 6:27am Jul 13, 2010 6:27am
Quoting T@rantula
LOL...Its not bar charts its Neuro bar charts personally modified. Candlesticks contain the same data as a normal bar chart but highlight the relationship between opening and closing prices.

BTW... A perfect indicator shows me patterns w/o switching to Candlesticks.

U can learn a lot from me. Come to my forex school
wooo.. u have a Forex School ?????
Fools Rushing
  • #270,348
  • Jul 13, 2010 6:31am Jul 13, 2010 6:31am
Quoting MTF Test
wooo.. u have a Forex School ?????
A small camarilla of friends dedicated to forex trading and compiling indicators
  • #270,349
  • Jul 13, 2010 6:32am Jul 13, 2010 6:32am
Quoting T@rantula
That I have opened the trade below Upper Blue trendline just below yellow moneyline whereas both serve as a resistance.
Ok, I see it. Thanks for clarifying. You got a great bearish entry off the DC formation under that S/R level. Good entry.

I'm playing the hourly and nothing is going on yet. I'm out until something worthwhile happens.
  • #270,350
  • Jul 13, 2010 6:32am Jul 13, 2010 6:32am
Quoting julian
taken 1/2 off at +15

rest at -5
out for +6, still think this will come down so may re enter
  • #270,351
  • Jul 13, 2010 6:36am Jul 13, 2010 6:36am
Quoting Jhig
It a candlestick reversal pattern. Its a pattern that doesn't mean anything unless you see it forming near support and resistance level. If you ever see DC forming near or on a S/R level, its a great indicator to show you a reversal off the S/R level happening.

Thanks for the answer.
  • #270,352
  • Jul 13, 2010 6:37am Jul 13, 2010 6:37am
Quoting MTF Test
Hey Leeson, try the link below.

If your commited enough, you'll be able to learn all the cnadlestick charting patterns through this blog.

http://candlestick-charts.blogspot.com/
  • #270,353
  • Jul 13, 2010 6:37am Jul 13, 2010 6:37am
Quoting mfoste1
still holding all shorts...........
  • #270,354
  • Jul 13, 2010 6:38am Jul 13, 2010 6:38am
Quoting Jhig
Ok, I see it. Thanks for clarifying. You got a great bearish entry off the DC formation under that S/R level. Good entry.
Exactly..thats why i was quoting u...I will place a stop @ 2630, with t/p @ 2525 if that breaks 2480...
  • #270,355
  • Jul 13, 2010 6:40am Jul 13, 2010 6:40am
Quoting T@rantula
A small camarilla of friends dedicated to forex trading and compiling indicators
What is you'r ''Black Widow System'' ?. Eventhough i have no idea about it , it's sounds interesting.
Fools Rushing
  • #270,356
  • Jul 13, 2010 6:40am Jul 13, 2010 6:40am
OMG it looks like a reverse head and shoulders on M1 LOL
  • #270,357
  • Jul 13, 2010 6:40am Jul 13, 2010 6:40am
Quoting MTF Test
wooo.. u have a Forex School ?????
Skull
You cannot learn better without losing
  • #270,358
  • Jul 13, 2010 6:41am Jul 13, 2010 6:41am
Very good day for me - already made 95 pips in 3 trades.
  • #270,359
  • Jul 13, 2010 6:41am Jul 13, 2010 6:41am
I'm shorting on 2581...
  • #270,360
  • Jul 13, 2010 6:42am Jul 13, 2010 6:42am
Quoting MTF Test
What is you'r ''Black Widow System'' ?. Eventhough i have no idea about it , it's sounds interesting.
Its a compiled system made for daytrading which has everything that can help a trader gain a profit. It works in synergy with divergences. Many indicators have been paid for and modified.
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