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Daily candle chart

  • #11,001
  • Jan 28, 2011 2:40am Jan 28, 2011 2:40am
Quoting yentteng
Hi all, newcomer here..

its nice to see someone who trade the way i do.. using daily cs

just wanna ask you,

how do you place your order and exactly where is your stop loss..

my way, i did not enter right after the reversal candle closed, but normally i will wait for the next candle to confirm the trend..

place order (BUY) +5pip above previous high, and SL at previous low.. SELL vice versa

but i found my DD is a bit high needless to mention its a pain in a neck once SL hit..

do you have any idea how my PO and SL should...
patterns with high reliability have less need to confirm
  • #11,002
  • Jan 28, 2011 2:42am Jan 28, 2011 2:42am
Quoting yentteng
Hi all, newcomer here..

its nice to see someone who trade the way i do.. using daily cs

just wanna ask you,

how do you place your order and exactly where is your stop loss..

my way, i did not enter right after the reversal candle closed, but normally i will wait for the next candle to confirm the trend..

place order (BUY) +5pip above previous high, and SL at previous low.. SELL vice versa

but i found my DD is a bit high needless to mention its a pain in a neck once SL hit..

do you have any idea how my PO and SL should...
only patterns with low reliability need to a confirmation.
i dont use S/L or T/P
  • #11,003
  • Jan 28, 2011 2:49am Jan 28, 2011 2:49am
Quoting yentteng
Hi all, newcomer here..

its nice to see someone who trade the way i do.. using daily cs

just wanna ask you,

how do you place your order and exactly where is your stop loss..

my way, i did not enter right after the reversal candle closed, but normally i will wait for the next candle to confirm the trend..

place order (BUY) +5pip above previous high, and SL at previous low.. SELL vice versa

but i found my DD is a bit high needless to mention its a pain in a neck once SL hit..

do you have any idea how my PO and SL should...
also welcome to you
you must have attention to neutrals
4 exampel:
neutral reversal continuation patterns
neutral reversal patterns
  • #11,004
  • Jan 28, 2011 2:54am Jan 28, 2011 2:54am
Quoting hussin naiji
patterns with high reliability have less need to confirm
in top a bearish reversal pattern have less need to confirm also in bottom a bullish reversal pattern have less need to confirm
  • #11,005
  • Jan 28, 2011 2:55am Jan 28, 2011 2:55am
Quoting hussin naiji
in top a bearish reversal pattern have less need to confirm also in bottom a bullish reversal pattern have less need to confirm
attention we need to a confirmation in top for a bullish continuation paatern
  • #11,006
  • Jan 28, 2011 4:49am Jan 28, 2011 4:49am
Quoting hussin naiji
we will see a good work by this candle
attention to upper wick and lower wick
so if PA breaks high or low we will see big moves?

how about the possible eu daily retrace?

thanks for ur time and effort.

Phanti
Hero calls followed by margin calls...
  • #11,007
  • Jan 28, 2011 4:52am Jan 28, 2011 4:52am
Quoting PhAnTi'
so if PA breaks high or low we will see big moves?

how about the possible eu daily retrace?

thanks for ur time and effort.

Phanti
http://www.forexfactory.com/showpost...ostcount=10991

the levels he gave for the EURLFX answer the question for the EURUSD
Don't chase the market, Let the market come to you
  • #11,008
  • Jan 28, 2011 4:53am Jan 28, 2011 4:53am
Quoting Tmac
http://www.forexfactory.com/showpost...ostcount=10991
?! : x
Hero calls followed by margin calls...
  • #11,009
  • Jan 28, 2011 5:08am Jan 28, 2011 5:08am
Quoting PhAnTi'
?! : x
  • #11,010
  • Jan 28, 2011 5:10am Jan 28, 2011 5:10am
Quoting PhAnTi'
so if PA breaks high or low we will see big moves?

how about the possible eu daily retrace?

thanks for ur time and effort.

Phanti
pls attention to my post no 10986- 10987
  • #11,011
  • Jan 28, 2011 5:15am Jan 28, 2011 5:15am
Quoting hussin naiji
pls attention to my post no 10986- 10987
1 high wave was a warning 4 buyers and 2 high wave was end of work
Attached Image
  • #11,012
  • Jan 28, 2011 5:18am Jan 28, 2011 5:18am
Quoting Tmac
http://www.forexfactory.com/showpost...ostcount=10991

the levels he gave for the EURLFX answer the question for the EURUSD
hi Tom As always thanks 4 your help
  • #11,013
  • Jan 28, 2011 6:40am Jan 28, 2011 6:40am
Quoting hussin naiji
4 example
Thanks for posting this Hussin, very appreciated!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,014
  • Jan 28, 2011 12:52pm Jan 28, 2011 12:52pm
Quoting JhonMonsalve
Thanks for posting this Hussin, very appreciated!
  • #11,015
  • Jan 28, 2011 12:55pm Jan 28, 2011 12:55pm
a high wave + a shooting star 4 daily candle chart NZDUSD
  • #11,016
  • Jan 28, 2011 1:20pm Jan 28, 2011 1:20pm
end of week (end of hours ) with low Volatility
  • #11,017
  • Jan 29, 2011 12:49pm Jan 29, 2011 12:49pm
Now we're at the end of the month. So have a look at the monthly chart. First we start with the lfx market
  • #11,018
  • Jan 29, 2011 12:58pm Jan 29, 2011 12:58pm
Quoting hussin naiji
Now we're at the end of the month. So have a look at the monthly chart. First we start with the lfx market
So good that we'll see a reversal pattern with high reliability on top.
a Kabuse pattern .
Attached Image (click to enlarge)
Click to Enlarge Name: 13.gif Size: 11 KB
  • #11,019
  • Jan 29, 2011 1:14pm Jan 29, 2011 1:14pm
Quoting hussin naiji
So good that we'll see a reversal pattern with high reliability on top.
a Kabuse pattern .
Of course we can see signs of fall in the months B4. a high wave also a shooting star.but this shooting star Was born Dead.
But now we have a healthyl pattern .healthy 1.60 is on table
Attached Image (click to enlarge)
Click to Enlarge Name: 13.gif Size: 12 KB
  • #11,020
  • Jan 29, 2011 1:24pm Jan 29, 2011 1:24pm
Just a little concerned about the upper wick candlesticks.But we remember that we're talking about doing a monthly chart.
This pattern emerged at the peak can be happy news for buyers USDCHF.
1.73 is on table
Attached Image (click to enlarge)
Click to Enlarge Name: 13.gif Size: 11 KB
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