Disliked{quote} Nice contribution, WDays, with good clear charts. I'll be fan of yours if you stay and contribute occasionally.Ignored
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Adr, psych levels, demand & supply trading 14 replies
Standard Pivots and Fibonnaci Pivots? 9 replies
EUR/USD 5min - Trendlines and Pivots 379 replies
Important psych levels 1 reply
Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies
Disliked{quote} Nice contribution, WDays, with good clear charts. I'll be fan of yours if you stay and contribute occasionally.Ignored
DislikedA nice trade on the gbp/jpy. After all the confusion (in the circle), it was good to see a positive move up, breaching the mid-point level, and moving back up to the Main Pivot line. Entry and exit as shown.{image}
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DislikedEu was (is) trapped between a rock and a hard place... took a chance there by going long below the pivot, after it formed a double bottom and entered long after a morning star (I believe? I can never remember the names of the patterns I trade). I was hoping it would break the trendline because of decent EZ data, unfortunately it failed to a couple of times so I exited as it was coming back down at 1.1455ish for 16 pips... {image}
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Disliked{quote} Nice one, brother. In actual fact, the candle you saw as a morning star, was, in fact, a Harami candle, where the previous candle's body has a higher high and a lower low. In this case, a nice reversal signal right on the pivot point.Ignored
Disliked{quote} Thanks. Funny, I thought a harami was japanese candle stick talk for inside bar? The candle I was referring to has broken the low of the previous candle, closed higher than it opened and made a tiny wick up, hence why I referred to it as a morning starI've been trading for three years+ now, and I have yet to remember the names of the various patterns I use in my trading, how sad is that
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Disliked{quote} Where the Harami is concerned, the shadows are ignored and it's only the body of the candle that's taken into account.Ignored
DislikedI am surprised to see this thread has so little activity :| It's actually a very good way to make pips, much better than the cluttered charts most systems have to offer!Ignored
Disliked{quote} You're quite right. I'm sure that most traders don't bother because this method IS very simple, and most people avoid it like the plague because they don't need to fill their charts with all sorts of indicators. This method has proved time and again that "LESS IS MORE"!!Ignored
Disliked{quote} Eye - this is a great thread. Yes -the approach is so simple that it is learnt very quickly, whereupon people like myself then go away and trade it live. Some pop in now and again to clarify a few points, but in general, the approach is so simple that repetition is pointless. Great that you pop in now and again to check that things remain simple and not tinkered with. The thread could be locked and used as a learning resource for interested parties? Overall, the thread will probably fade away as all things do , even James16 thread is now...Ignored
Disliked{quote} You're right, turnip, it IS a great thread, and it's all down to the originator, acumen. He disappeared off the scene quite some time ago, and there's been no indication as to what he's doing these days. I'm quite sure, though, that there's quite a few people out there who are grateful for what he left behind.Ignored