Attachments: Shooting Star and Hammer

Shooting Star and Hammer

#1
First Post: Jan 18, 2009 10:36pm Jan 18, 2009 10:36pm

Tony112
Joined Apr 2008 | Status: sometimes... news come unexpected | 7,731 Posts

1. Daily charts - all pairs
2. SELL after SHOOTING STAR candle on uptrend
3. BUY after HAMMERcandle on downtrend

Mates, let's be honest: these setups are 85%+ successful.

Strategy:

a) Buy/Sell NUMEROUS LOTS on the DAY following the above candles.
b) Compound and Buy/Sell MORE LOTS EXPONENTIALLY during that same day with the UNREALIZED PROFIT

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#2
Jan 18, 2009 10:49pm Jan 18, 2009 10:49pm

fugly
| Joined Aug 2007 | Status: Trader | 889 Posts

hey tony good to see your posts hope ur still raking in those pips!

#3
Jan 18, 2009 11:02pm Jan 18, 2009 11:02pm

misterboy
| Joined Aug 2008 | Status: Trader | 341 Posts

Quoting Tony112

Disliked

1. Daily charts - all pairs
2. SELL after SHOOTING STAR candle on uptrend
3. BUY after HAMMERcandle on downtrend
[font=Arial][size=3][b][color=DeepSkyBlue]
[color=Black]Mates,...

Ignored

Nice..I will follow this thread

#4
Jan 26, 2009 11:43pm Jan 26, 2009 11:43pm

Tony112
Joined Apr 2008 | Status: sometimes... news come unexpected | 7,731 Posts

If you would have sold after SHOOTING STAR you would have won over 230 pips or more if it continues to fall in the next days...

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#5
Edited 11:51pm Jan 26, 2009 11:50pm | Edited 11:51pm

geoffrod
| Joined Aug 2006 | Status: Trader | 311 Posts

Quoting Tony112

Disliked

If you would have sold after SHOOTING STAR you would have won over 230 pips or more if it continues to fall in the next days...

Ignored

I think thats why james16 loves them(pin bars) as well,
tony how do you enter these trades, i have heard, haven't tried it as yet, if you wait for a fib retracement the next day it works well for a good lower risk entry.

cheers
geoff

edit: P.S. K.R days work good too!!!!

#6
Jan 26, 2009 11:56pm Jan 26, 2009 11:56pm

Tony112
Joined Apr 2008 | Status: sometimes... news come unexpected | 7,731 Posts

I mostly look for trend-line breaks and ''Pins'' as you named them. Once a daily candle closes as:

hammer: I buy many lots progressively on that day
shooting star: I sell many lots progressively on that day

e.g. 250$ can easily turn into 2500$

Invest in alarm clocks

#7
Jan 27, 2009 1:09am Jan 27, 2009 1:09am

Bobcat2
| Joined Aug 2006 | Status: Trader | 1,024 Posts

Hi Tony,

Thanks for starting this thread. Daily charts ONLY?

#8
Jan 27, 2009 1:35am Jan 27, 2009 1:35am

hartnet
| Joined Jan 2009 | Status: Trader | 341 Posts

Hi Tony, i have so many question but because English is not my first language I find it difficult to express. Anyway, lets say today you found a hammer/shooting star, so tomorrow is it okay to go to H1 to find my pullback/rally for my entry? And do you use fib to pinpoint the areas?

Thanks.

#9
Jan 27, 2009 2:01am Jan 27, 2009 2:01am

gnomefan
| Joined Jan 2009 | Status: Trader | 59 Posts

hello there,

i'm trying to understand your system.. please correct me if i'm wrong.

what you trying to say is, view daily TF, if you see shooting star/hammer on the previous day, it will determine the trend for today?

if let's say that a hammer is set yesterday, it's a good idea to keep buying through out today?

GnomeFan

#10
Jan 27, 2009 5:06am Jan 27, 2009 5:06am

FX fuel
| Joined Oct 2008 | Status: Trader | 59 Posts

Sameone Heve Indy Thet Identify Thise Candel Pattern?

#11
Jan 28, 2009 1:44am Jan 28, 2009 1:44am

free84
| Joined Apr 2006 | Status: permanent beginner | 80 Posts

i dont know why everytime a thread begin very very interesting she disepear or displaced or the autor try to erase the most interesting in this thread its not the entry but the principle of pyramiding!!!!! there is not many weapon to beat the only ennemy we have in this game (broker) and pyramiding is one of this tool . but maybe im parano? who know?
http://www.forexfactory.com/showthread.php?t=11566
http://www.forexfactory.com/showthre...t=62141&page=6 read post 76

#12
Jan 28, 2009 7:23am Jan 28, 2009 7:23am

gnomefan
| Joined Jan 2009 | Status: Trader | 59 Posts

this method is useful for D1 TF..

very useful..

i tried it out and got over 200+ pips.

#13
Jan 28, 2009 9:14am Jan 28, 2009 9:14am

Tony112
Joined Apr 2008 | Status: sometimes... news come unexpected | 7,731 Posts

Quoting free84

Disliked

i dont know why everytime a thread begin very very interesting she disepear or displaced or the autor try to erase the most interesting in this thread its not the entry but the principle of pyramiding!!!!! there is not many weapon to beat the only ennemy we have in this game (broker) and pyramiding is one of this tool . but maybe im parano? who know?
http://www.forexfactory.com/showthread.php?t=11566
http://www.forexfactory.com/showthre...t=62141&page=6 read post 76

Ignored

exactly, pyramiding with high leverage... it a multiplies your account balance in a scary way but be careful for retraces...

Invest in alarm clocks

#14
Jan 28, 2009 9:18am Jan 28, 2009 9:18am

Tony112
Joined Apr 2008 | Status: sometimes... news come unexpected | 7,731 Posts

I'll try to answer all you mates' other questions soon, I am so busy... I'll catch up with you later...sorry

Invest in alarm clocks

#15
Mar 21, 2010 4:00am Mar 21, 2010 4:00am

orji
| Joined Dec 2009 | Status: Trader | 6 Posts

PLEASE I AM NEWBIE I WANT TO FOLLOW YOUR SYSTEM ON SELL AFTER SHOOTING STAR ON DAILY AND BUY AFTER HAMMER.
Please where will i enter trade? is it on 15m or h1 or in h4 or on the daily
chart.
Please help me on the questions, i will be very grateful.
Orji
my email: [email protected]
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Quoting Tony112

Disliked

1. Daily charts - all pairs
2. SELL after SHOOTING STAR candle on uptrend
3. BUY after HAMMERcandle on downtrend...

Ignored

#16
Jul 17, 2013 9:54pm Jul 17, 2013 9:54pm