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  • #81
  • Mar 20, 2016 10:51am Mar 20, 2016 10:51am
Quoting wizlon32
{quote} If anyone else is following and can spot the pattern please help me out here

Bottom left, candles 6 through 9. Three bear candles, one large engulfing bull candle.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #82
  • Mar 20, 2016 11:01am Mar 20, 2016 11:01am
Quoting Shemski
{quote} Bottom left, candles 6 through 9. Three bear candles, one large engulfing bull candle.
No wonder I couldn't see it! I was looking at the top right of your chart (drawn in by your sell entry).

OK, I'm with you now.
Indentify > Plan > Accept > Execute
  • #83
  • Mar 20, 2016 11:05am Mar 20, 2016 11:05am
@shemski

flag triangle and other patern work both direction.50/50.what is your edge giving you the sense of direction general.fundamental? or just chart slope
  • #84
  • Mar 20, 2016 11:06am Mar 20, 2016 11:06am
Quoting wizlon32
{quote} No wonder I couldn't see it! I was looking at the top right of your chart (drawn in by your sell entry). OK, I'm with you now.

Awesome, this thread is going exactly where I'd liek it to go. now if only a few more would join us.

Now, what do we do here:

Attached Image (click to enlarge)
Click to Enlarge Name: nu.PNG Size: 38 KB


Thoughts?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #85
  • Mar 20, 2016 11:09am Mar 20, 2016 11:09am
Quoting Shemski
{quote} Awesome, this thread is going exactly where I'd liek it to go. now if only a few more would join us. Now, what do we do here: {image} Thoughts?
why short.just for a hh? it have also hl

ı wouıld never short it
Attached Image
  • #86
  • Mar 20, 2016 11:19am Mar 20, 2016 11:19am
Setups / Possible entries I'm looking at:

AUDUSD / H4
Rounding Top, looking to sell on the break around 0.7585

USDJPY / H4
Looking to trade pennant breakout

EURUSD / H4
Not the nicest, but looking to trade the pennant breakout

GBPJPY / H4
Watching closely for one more down canle, then a three strike bull candle

AUDJPY / H4
possible 3 strike bull candle soon


NZDCAD / H1
Entering a short position due to 3 strike bear candle


and a few others, but too tired to post now. I'll keep you posted!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #87
  • Mar 20, 2016 11:20am Mar 20, 2016 11:20am
Quoting Shemski
{quote} Awesome, this thread is going exactly where I'd liek it to go. now if only a few more would join us. Now, what do we do here: {image} Thoughts?
Can I make a suggestion? I think things would run more smoothly if you used chart examples which showed clearly the area of formation that you are talking about.

On this example you have arrows all over it and you have a sell trade in play.

Please show us exactly the area you want to discuss.
Indentify > Plan > Accept > Execute
  • #88
  • Mar 20, 2016 11:23am Mar 20, 2016 11:23am
Quoting vasily
{quote} why short.just for a hh? it have also hl ı wouıld never short it {image}

Please ignore those arrows. The indy isn't working. Check tech-forum, I'm trying to get a 3strike alert indy.

I was more interested in feedback regarding the pattern. The pennat isn't pretty but a break down could be huuuuuge!

Vasily, I've seen you around here a lot and I like your no-BS approach. I'd love to get some creative feedback from you. You seem like the type of trader who could really help me/us out. Our mindsets might not be exactly the same but I love what you bring to the table. Thanks for joining us.

Please feel free to be active and hang around!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #89
  • Mar 20, 2016 11:30am Mar 20, 2016 11:30am
Quoting wizlon32
{quote} Can I make a suggestion? I think things would run more smoothly if you used chart examples which showed clearly the area of formation that you are talking about. On this example you have arrows all over it and you have a sell trade in play. Please show us exactly the area you want to discuss.

Sure, this is what I see:

1) extremely choppy over the last few weeks
2) Price coming off resistance
3) A very sharp, pennant forming
4) a SL about 95 points to the upside and a TP around 150-200 to the downside

Strategy:

-Enter full size position (2% portfolio set at 95 pips SL)
-TP half position at 55 pips (resistnace seen there)
-Scale out the rest down to (hopefully) 200-220 pips)

I do not see a clear pennant, flag or any other type of pattern but maybe someone else does...
Attached Image (click to enlarge)
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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #90
  • Mar 20, 2016 11:32am Mar 20, 2016 11:32am
Quoting Shemski
{quote} Please ignore those arrows. The indy isn't working. Check tech-forum, I'm trying to get a 3strike alert indy. I was more interested in feedback regarding the pattern. The pennat isn't pretty but a break down could be huuuuuge! Vasily, I've seen you around here a lot and I like your no-BS approach. I'd love to get some creative feedback from you. You seem like the type of trader who could really help me/us out. Our mindsets might not be exactly the same but I love what you bring to the table. Thanks for joining us. Please feel free to be...
OK, here is my problem. You are seeing a pattern and you are posting the chart..... but those of us who are reading your posts may not see what you are seeing. I think it would be beneficial for us all if you would make it completely clear what you are looking at - tell us what pattern you are seeing and draw some lines to highlight it.

EDIT: OK I see you have done this. We must have been typing at the same time.
Indentify > Plan > Accept > Execute
  • #91
  • Mar 20, 2016 11:33am Mar 20, 2016 11:33am
Here is NZDUSD. I've got my eye on this one. I did take a small short position with hopes of it going back towards the bottom blue line. But will have a tight SL due to the fact that on the longer time frames it is an uptrend, and we are at the bottom of uptrend. ​
Attached Image (click to enlarge)
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JOHN 3:16
  • #92
  • Mar 20, 2016 11:33am Mar 20, 2016 11:33am
Hi shemski. Your thread sure is nice. I trade naked chart myself. Eventhough not really a fan of bulkowski but his book did give me some insight. Anyway, back to the topic. What is your entry condition and you filter?
  • #93
  • Mar 20, 2016 11:36am Mar 20, 2016 11:36am
Quoting Shemski
{quote} Please ignore those arrows. The indy isn't working. Check tech-forum, I'm trying to get a 3strike alert indy. I was more interested in feedback regarding the pattern. The pennat isn't pretty but a break down could be huuuuuge! Vasily, I've seen you around here a lot and I like your no-BS approach. I'd love to get some creative feedback from you. You seem like the type of trader who could really help me/us out. Our mindsets might not be exactly the same but I love what you bring to the table. Thanks for joining us. Please feel free to be...
in this thread we can leanr and teach.ı like your way.naked.that need understanding market.
ı dont see arrow.you say clean chart.ı ignore them.there are many many trader here ff taking trade short cus its just having a hh or reverse.ı dont understand that.ı understand they want to have good rr but it make no sense against strong move.in your chart its building a reverse.in this condition when trading such strong move you are wanting 20% max of main move cus strong moves dont make more then that pullback.in this chart it can work for some pip but or more but when this is the trading way then you lose at the end of the game.people prefer this way cus it give them timing.one best trader called here giving advise his other best trader to wait to short amercan central bank up move for one more hour.this is not trading.this is gambling.go play poker have fun and cheaper.drinks free

how you find the irection in general,feeling fundamental or chart slope?
  • #94
  • Mar 20, 2016 11:37am Mar 20, 2016 11:37am
Quoting impostor
Hi shemski. Your thread sure is nice. I trade naked chart myself. Eventhough not really a fan of bulkowski but his book did give me some insight. Anyway, back to the topic. What is your entry condition and you filter?

On which trade?

Please share how you trade, what you look for and where you do your research... I am in the learning process myself!

Thanks
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #95
  • Mar 20, 2016 11:52am Mar 20, 2016 11:52am
I am learning too. Hope you can give me more knowledge in this naked chart trading. Cheers
  • #96
  • Mar 20, 2016 11:57am Mar 20, 2016 11:57am
Quoting vasily
{quote} in this thread we can leanr and teach.ı like your way.naked.that need understanding market. ı dont see arrow.you say clean chart.ı ignore them.there are many many trader here ff taking trade short cus its just having a hh or reverse.ı dont understand that.ı understand they want to have good rr but it make no sense against strong move.in your chart its building a reverse.in this condition when trading such strong move you are wanting 20% max of main move cus strong moves dont make more then that pullback.in this chart...
Shemski's short was obviously taken from a rejection of the resistance line. Do you not agree that this is a viable way to trade? Pity there doesn't appear to be any other chart pattern.

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Indentify > Plan > Accept > Execute
  • #97
  • Mar 20, 2016 11:59am Mar 20, 2016 11:59am
Quoting Shemski
{quote} It's been posted on this site before. If there is any issues with me posting it, I'll take it down. Sorry
Yes please. Its an illegal copy of a book thats on sale. Sry to spoil the show but this is spreading illegal content.
  • #98
  • Mar 20, 2016 12:09pm Mar 20, 2016 12:09pm
Here is eurjpy. Notice how resistance has turned into support. I'm not sure if that would be considered a flag or a pennant but a break of that to the upside should net around 200-220 pips. Also looks like a head and shoulders before it broke resistance.​
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 35 KB
JOHN 3:16
  • #99
  • Mar 20, 2016 12:10pm Mar 20, 2016 12:10pm
Quoting SeaTheStars
{quote} Yes please. Its an illegal copy of a book thats on sale. Sry to spoil the show but this is spreading illegal content.

Sorry, cleanup report sent. I'm hoping an admin will take it down asap. sry
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #100
  • Mar 20, 2016 12:10pm Mar 20, 2016 12:10pm
Quoting wizlon32
{quote} Shemski's short was obviously taken from a rejection of the resistance line. Do you not agree that this is a viable
way to trade? Pity there doesn't appear to be any other chart pattern. {image}
ok.this is about 700pip zone and you short it at top.what do you think how many times you can cact corect level to short.distortion of 700pip range can be up to 80-100 pip.do you take that amount as a risk?do you think market will stop pip to pip where zone starts or you think.ı am saying in general not this one.
this short trade is week chart trade.and week chart trade can make big distortion bigger then you think

look at strong 4h bars.ı dotn trade against them make no sense but ı am not pro or expert
Attached Image
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