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  • #621
  • Mar 31, 2016 12:45am Mar 31, 2016 12:45am
Quoting andoseg2
{quote} {quote} Guyz, your charts look the same , the only difference is the way you have draged the diamond limits. wizlon designed diamond lines too elongated while Shemski lines are more strictly. But the chart is same, lol

My head was fried yesterday!

New day, same strategy. Let's go fellows!!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #622
  • Mar 31, 2016 3:08am Mar 31, 2016 3:08am
Here's a set up I have my eyes on:

NU Daily (ignore the current position)
-Kangaroo Tail formed
-If form is completed, SL will be set at top of Kangaroo Tail candle
-TP set around .6786

Attached Image (click to enlarge)
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NC Daily is also showing a Kangaroo Tail, I took it today. Same idea, same strategy.

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EN Morning Star on the Daily:

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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #623
  • Mar 31, 2016 4:06am Mar 31, 2016 4:06am
One terminological question if you don't mind:
what do you mean by a kangaroo tail? Is it what is also known as a Pin bar or hammer or is there more to it.

Second: what do you guys think of Crude? After having formed 2 LH and 3 LL on the 4H chart it looks like last weeks' rallye is fizzling out. I think it's still early to enter, especially before tomorrow's NFP. But a retracement into the 39 area, maybe finishing with a candlestick like Tuesday's pin bar might be interesting
Attached Image (click to enlarge)
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Be water, my friend
  • #624
  • Mar 31, 2016 4:09am Mar 31, 2016 4:09am
Or NU could be a flag on the 1h
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  • #625
  • Mar 31, 2016 4:15am Mar 31, 2016 4:15am
Quoting spocktrader
One terminological question if you don't mind: what do you mean by a kangaroo tail? Is it what is also known as a Pin bar or hammer or is there more to it. Second: what do you guys think of Crude? After having formed 2 LH and 3 LL on the 4H chart it looks like last weeks' rallye is fizzling out. I think it's still early to enter, especially before tomorrow's NFP. But a retracement into the 39 area, maybe finishing with a candlestick like Tuesday's pin bar might be interesting {image}

Yes a pin bar and kangaroo tail are the same thing.

I already shorted Crude and walked away with a pretty decent profit after a losing trade which I entered too early. I say and solid short entry will make you money!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #626
  • Mar 31, 2016 4:15am Mar 31, 2016 4:15am
IĄve just drawn exactly the same pattern on my chart. NU's already gone a long way since Tuesday. However, any entry on a USD pair before tomorrow will be extremely risky. Given the adverse Dollar sentiment any slight miss may slash the last USD longs. On the other hand, a strong NFP can cause a relief rallye. But in any case any previous PA will be irrelevant.
Be water, my friend
  • #627
  • Mar 31, 2016 4:16am Mar 31, 2016 4:16am
Quoting philhosk
Or NU could be a flag on the 1h {image}

My issue with that flag is the flagpole. I'm not a big fan of flags with small flagpoles. Are you going to enter?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #628
  • Mar 31, 2016 4:17am Mar 31, 2016 4:17am
BTW, have any of you guys read up on this thread?

http://www.forexfactory.com/showthre...43#post8844343

Man, I can't wait for the OP to update it. This could be really, really powerful!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #629
  • Mar 31, 2016 4:21am Mar 31, 2016 4:21am
Quoting Shemski
BTW, have any of you guys read up on this thread? http://www.forexfactory.com/showthre...43#post8844343 Man, I can't wait for the OP to update it. This could be really, really powerful!!

It is a variation of supply and demand... The most powerful way to trade if you can understand it. The long position I had yesterday for the dow was based on an hourly demand level which was between 17316 and 17340

edit: sorry I meant tuesday, yesterdays one was pure fib and price action
  • #630
  • Mar 31, 2016 4:40am Mar 31, 2016 4:40am
Quoting Shemski
{quote} My issue with that flag is the flagpole. I'm not a big fan of flags with small flagpoles. Are you going to enter?
Yes I have entered at 0.69255 with a 3.1 RR, not got very far as yet, I will move to BE asap
  • #631
  • Mar 31, 2016 4:42am Mar 31, 2016 4:42am
Quoting philhosk
{quote} Yes I have entered at 0.69255 with a 3.1 RR, not got very far as yet, I will move to BE asap

Here's my setup. More like a swing trade, hoping for a retrace through top trend line.


Attached Image (click to enlarge)
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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #632
  • Mar 31, 2016 4:51am Mar 31, 2016 4:51am
Quoting andoseg2
{quote} {quote} Guyz, your charts look the same , the only difference is the way you have draged the diamond limits. wizlon designed diamond lines too elongated while Shemski lines are more strictly. But the chart is same, lol
I also already made that observation. We did draw our lines differently but it is not that my lines were too elongated and Shemski's were more strictly drawn. Mine were drawn in a manner that fitted the candle formation in to a diamond as per Bulkowski's encyclopidia. By connecting the 2 lower spikes with a straight line as Shenski did, did not compliment the pattern.

Anyway I did take the trade last night and managed to take some profit out of it.

Attached Image
Indentify > Plan > Accept > Execute
  • #633
  • Mar 31, 2016 5:37am Mar 31, 2016 5:37am
Quoting wizlon32
{quote} I also already made that observation. We did draw our lines differently but it is not that my lines were too elongated and Shemski's were more strictly drawn. Mine were drawn in a manner that fitted the candle formation in to a diamond as per Bulkowski's encyclopidia. By connecting the 2 lower spikes with a straight line as Shenski did, did not compliment the pattern. Anyway I did take the trade last night and managed to take some profit out of it. {image}
That's great !
Money moves the market, not an indicator.
  • #634
  • Mar 31, 2016 6:45am Mar 31, 2016 6:45am
Quoting philhosk
{quote} Yes I have entered at 0.69255 with a 3.1 RR, not got very far as yet, I will move to BE asap
So it was a flag but I got stopped out with my too tight stop loss
  • #635
  • Mar 31, 2016 12:51pm Mar 31, 2016 12:51pm
Closed out all of my trades. Up 271 pips with a 59.4% win rate. Max profit drawdown is only ca. 1.8% / portfolio. I might possibly raise my position sizes and see if I can add to the humble 2% I put up in 3 full trading days and the Easter hollidays.

Any tips from any of you guys?

I'm not sure if trading patterns is more profitable than trading single candle stick (morning star, etc)....

Thoughts?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #636
  • Mar 31, 2016 2:05pm Mar 31, 2016 2:05pm
Right after my last post, I spotted three great setups. Let's see who can tellme why I entered each of these positions.

Those who know me and have been following my last couple of posts should pick it up quickl.

Attached Image (click to enlarge)
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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #637
  • Mar 31, 2016 2:45pm Mar 31, 2016 2:45pm
UC Daily Chart could form a Kangaroo Tail candle very soon. As you can see, about two weeks agowe had almost the exact same set up. Price bounced back up to a resistance level (upper red line) along with the bearich upper trend line. The next setup (if the Kang.Tail candle forms) will not be as attractive because price might have a hard time breaking that VERY strong bear trend line. The TP would be around 145 pips to the upside while the SL would be around 160. Not the nest R:R ratio but still I trade I will take with a lot of confidence!

Attached Image (click to enlarge)
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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #638
  • Mar 31, 2016 5:25pm Mar 31, 2016 5:25pm
AUD/NZD

bearish flag on H4

Attached Image (click to enlarge)
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Pressure shapes Legends
  • #639
  • Mar 31, 2016 9:51pm Mar 31, 2016 9:51pm
Quoting vasily
this how ı see nu.ı know no indicator but this can be used for one time nu month {image}
  • #640
  • Apr 1, 2016 6:06am Apr 1, 2016 6:06am
AUD USD shorttime ?
Attached Image (click to enlarge)
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donīt follow me,you will loose your moneyy
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