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  • #641
  • Apr 1, 2016 6:17am Apr 1, 2016 6:17am
So, after 3.5 days of normal trading with this trade explorer and the Easter holidays, I've decided to call it a week. As you can see in the trade explorer, my win rate was 62.7% over 75 trades. Not the biggest possible sample but it lines up with what Bulkowski's numbers say. I mainly traded Kangaroo Tails (Pin Bars), Shooting Stars, Morning Stars, Big Shadows and Flags. My most success came from trading Kangaroo Tails.

Moving forward, I think I'll try to focus more on the Daily and H4 charts and maybe take a few less trades. I also would like to note that this system / technique is not built for a novice trader. Trading naked demands a feel for price action and some common sense. I also think this trading style could compliment a trader who would like to run an EA or two but still "enjoy" the market and hedge his/her strategies.

I highly recommend trying this, as I learned quite a bit over the last 2 weeks. Trading naked allows you to "find a zone". Some of you athletes out there should know what I mean. While in the zone, you tend to remain extremely focused and your surroundings seem to move in slow motion. The fact that the lowest TF I'm trading is H1 obviously helps. I also strongly recommend not trading under H1 because of volatility.

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I'll add some more comments as the day unfolds and would be very happy to hear from anyone in here who has noticed any flaws or have any sort of feedback.

Good luck and green pips everyone!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #642
  • Apr 1, 2016 6:19am Apr 1, 2016 6:19am
Quoting teatime
AUD USD shorttime ? {image}
I think H4 tells a better story if you ask me:

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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #643
  • Apr 2, 2016 12:42pm Apr 2, 2016 12:42pm
Quoting Shemski
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. {image}
Hello Shemski,
if anybody else hasn't an answer, would you mind to explain the setup you followed.
thanks
  • #644
  • Apr 2, 2016 12:51pm Apr 2, 2016 12:51pm
Quoting valter
{quote} Hello Shemski, if anybody else hasn't an answer, would you mind to explain the setup you followed. thanks

Kagaroo Tails! All three pairs formed K.Tails at 18:00 GMT.

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Any other questions?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #645
  • Apr 2, 2016 2:56pm Apr 2, 2016 2:56pm
Quoting Shemski
{quote} Kagaroo Tails! All three pairs formed K.Tails at 18:00 GMT. {image} Any other questions?
I googled Kangaroo Tail but found conflicting definitions.
Could you please give some more info about it.

By the way, the last but two candle in your chart could be considered a K.Tail?

thanks
  • #646
  • Apr 3, 2016 3:52am Apr 3, 2016 3:52am
Quoting valter
{quote} I googled Kangaroo Tail but found conflicting definitions. Could you please give some more info about it. By the way, the last but two candle in your chart could be considered a K.Tail? thanks
Quoting valter
{quote} I googled Kangaroo Tail but found conflicting definitions. Could you please give some more info about it. By the way, the last but two candle in your chart could be considered a K.Tail? thanks
Pin Tails and Kangaroo Tails:
http://tailedbar.com/pin-bars-vs-kangaroo-tails/

Please note that the Kangaroo Tail or Pin Tail candle needs to be bearish after a bullish candle in order to be avalid sign for a bearich reversal and the other way around for a bullish reversal. So the answer to your second question is "no". Because they are not bullish candles.

On the following chart you will see three Kangaroo Tail candles. The first is not a true Kangaroo Tail because it is a) bearish after a bearish candle and b) does not have an upper wick. The second and third arrows show two Kangaroo Tails.

Using the upper trend line, you'd have a 2.5 :1 R:R on the first green candleand about a 1:1 on the second which would've been met shortly after FOMC.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #647
  • Apr 3, 2016 4:56am Apr 3, 2016 4:56am
Here's another very interesting setup:

Year to date on the H4 chart, we have seen this almost exact same pattern six times where a much much smaller bearish candle appears after a long bullish candle. Three out of six times a R:R of 3:1 was met. Two other setups also triggered reversals BUT price retraced. Price didn't retrace until after a 1:1 TP target was hit. One was SL's shortly after the entrance.

This is what the entries and exits would look like:

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These are the three trades which hit TP:

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And these are the three which failed:

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Strategy:

1) Enter at open (or as soon as you can get a decent spread)
2) Risk 1% of portfolio with a SL at the top of the bearish reversal candle .80174
3) Set TP at ca. .7973
4) Move SL to breakeven when price hits 1% (at ca. .7994

Good luck and green pips
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #648
  • Apr 3, 2016 5:19am Apr 3, 2016 5:19am
Shemksi,

Do you incorporate multiple time frame analysis or trade on a single time frame?

S
  • #649
  • Apr 3, 2016 5:50am Apr 3, 2016 5:50am
Quoting Shemski
{quote} {quote} Pin Tails and Kangaroo Tails: http://tailedbar.com/pin-bars-vs-kangaroo-tails/ Please note that the Kangaroo Tail or Pin Tail candle needs to be bearish after a bullish candle in order to be avalid sign for a bearich reversal and the other way around for a bullish reversal. So the answer to your second question is "no". Because they are not bullish candles. On the following chart you will see three Kangaroo Tail candles. The first is not a true Kangaroo Tail because it is a) bearish after a bearish candle and b) does not...
Shemski,
this is better than private tutoring.
thanks a lot

In your opinion if a novice in patterns should choose 2 patterns to start to practice, which ones would you suggest as easiest to spot and manage for a beginner.
many thanks againg.
Your thread is really giving me the opportunity to make a giant step forward in my trading
  • #650
  • Apr 3, 2016 8:43am Apr 3, 2016 8:43am
Quoting specul8r
Shemksi, Do you incorporate multiple time frame analysis or trade on a single time frame? S
Yes! I always look for s/r and that is easier to spot on higher TFs.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #651
  • Apr 3, 2016 8:50am Apr 3, 2016 8:50am
Quoting valter
{quote} Shemski, this is better than private tutoring. thanks a lot In your opinion if a novice in patterns should choose 2 patterns to start to practice, which ones would you suggest as easiest to spot and manage for a beginner. many thanks againg. Your thread is really giving me the opportunity to make a giant step forward in my trading
No problem, first and foremost don't look for a mentor online. 99.99% of them are bogus. As soon as I ask for your money, run!!! LolGreat question but hard to answer. Learn support and resistance then look in to shooting and morning stars, kangaroo tails are also easy to spot. Big shadows also. Read some of Bulkowski's work! You will hear this one million times: "money management is key!" Good luck and feel free to ask anything else.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #652
  • Apr 3, 2016 1:27pm Apr 3, 2016 1:27pm
Any thoughts on this set up, anyone?

The uptrend is still intact and that short bearish candle with the huge upper wick tells me that we might be headed south. We are sitting on some support, so if a break south is made, we could be in for a very nice move downwards. I'm still not 100% convinced though. Anyone else?

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When trading: "Empty your mind, be formless. Shapeless, like water."
  • #653
  • Apr 3, 2016 1:58pm Apr 3, 2016 1:58pm
Quoting Shemski
Any thoughts on this set up, anyone? The uptrend is still intact and that short bearish candle with the huge upper wick tells me that we might be headed south. We are sitting on some support, so if a break south is made, we could be in for a very nice move downwards. I'm still not 100% convinced though. Anyone else? {image}
my opinion ( from newbie )
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donīt follow me,you will loose your moneyy
  • #654
  • Apr 3, 2016 2:19pm Apr 3, 2016 2:19pm
Very interesting to see that your chart (most likely not set to GMT) is showing a big shadow candle where my chart is giving a similar signal.

At the end of the day, they are both saying the same thing: Bulls tried to push the pair higher but failed!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #655
  • Edited 5:21am Apr 4, 2016 3:35am | Edited 5:21am
Took a long position after the Kangaroo Tail was formed. this pair has been putting up good reversals after k.tails form...


Within 15 minutes I was able to move TP to BE. Let's see where it runs to!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #656
  • Apr 4, 2016 5:08am Apr 4, 2016 5:08am
I like Your Monitoring Name
  • #657
  • Apr 4, 2016 5:22am Apr 4, 2016 5:22am
Quoting caomisa2
I like Your Monitoring Name
Thx for the heads up!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #658
  • Apr 4, 2016 7:24am Apr 4, 2016 7:24am
Really nice move on EUR/GBP, thanks for the heads up Shemski really appreciated your great work on this thread
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  • #659
  • Apr 4, 2016 9:22am Apr 4, 2016 9:22am
Lets see how things gonna end up.
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  • #660
  • Apr 4, 2016 10:37am Apr 4, 2016 10:37am
NZD/JPY

i played the double top on H4...

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Pressure shapes Legends
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