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  • #721
  • Apr 15, 2016 7:49pm Apr 15, 2016 7:49pm
What an amazing thread. Shemsk et-al, so much contrtibuted! But I,ll be darned if i can make out the patterns with my aged ailing eyes. Its taken me the best part of this eve to read the whole thread, but I guess I'm just going to have to re-read it and more importantly retain it!
Many thanks All x
  • #722
  • Apr 15, 2016 11:06pm Apr 15, 2016 11:06pm
  •  kbrb
  • | Joined Mar 2016 | Status: keluarga besar rakyat biasa | 38 Posts
I used to use a horizontal trendline support
These tips apply to have a high probability the pair EU & GU
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#blackpearl
  • #723
  • Apr 16, 2016 3:47am Apr 16, 2016 3:47am
Quoting lukyman
What an amazing thread. Shemsk et-al, so much contrtibuted! But I,ll be darned if i can make out the patterns with my aged ailing eyes. Its taken me the best part of this eve to read the whole thread, but I guess I'm just going to have to re-read it and more importantly retain it! Many thanks All x

Thanks and even a bigger thanks from a vet like yourself!

I'd suggest to read a few books rather than going through this thread.Bulkowski's literature is great and you should have no problem finding other info online regarding candle patterns, trenlines, s/r, etc.

Again, I'm not saying that ditching indicators will result to instant cash. It is just a different style of trading and something I think should be mastered before one introduces indicators to his style/strat.

And..... drumrole please.... Money management! This system demands a lot of trading confidence and this can be achieved if your risk is low. Just place your trade and let it run or die. Then move on. period.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #724
  • Apr 16, 2016 4:00am Apr 16, 2016 4:00am
Quoting kbrb
I used to use a horizontal trendline support These tips apply to have a high probability the pair EU & GU {image}

Very nice! Now, add Hammer Candles as your entries and exit at S/R and you have two very, very nice trades on that chart.

See the two below trades, entries at Hammers, exits at S/R. I usually alway set my SL above/below Hammer, risking 1-2% / portfolio. These two tradeswould've netted about 4-5% / portfolio with only 2% risk.

Attached Image


Cheers
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #725
  • Apr 16, 2016 11:47am Apr 16, 2016 11:47am
Shemski et-al. Firstly, thanks for replying and the advice. Secondly, and I meant to say in my first post, that not only is this a great thread to learn how to trade 'naked', but its so nice to read 70+ pages where people are keen to help rather than citicise. ...
I'm about to re-read the whole thread, taking notes etc and google patterns but may I ask that, for the next few days at least, that posters who contribute photos of set-ups, could they highlight and name the shapes, entries and exits. I ask this because most of the patterns ive googled so far somewhat differ from actual photos?
Again, many thanks for your time and energy. I hope it won't be too long before i'll be able to contribute also. Namaste x
  • #726
  • Apr 16, 2016 12:17pm Apr 16, 2016 12:17pm
Quoting Shemski
We'll be looking at these later! {image} Here's a great book for those interested! My current bible! I'd love to not see standard trendlines, Zig-Zags etc but focus more on the great Bulkowski's discoveries! { copyrighted attachment deleted by staff }
P.S what's the name of this book? (bible!)
  • #727
  • Apr 16, 2016 12:56pm Apr 16, 2016 12:56pm
Shemski. Take this one for instance. (page 3)

http://www.forexfactory.com/attachme...1&d=1458337518

Where were your entries, SL and TP?
Thanks
  • #728
  • Apr 16, 2016 4:31pm Apr 16, 2016 4:31pm
Quoting lukyman
Shemski et-al. Firstly, thanks for replying and the advice. Secondly, and I meant to say in my first post, that not only is this a great thread to learn how to trade 'naked', but its so nice to read 70+ pages where people are keen to help rather than citicise. ... I'm about to re-read the whole thread, taking notes etc and google patterns but may I ask that, for the next few days at least, that posters who contribute photos of set-ups, could they highlight and name the shapes, entries and exits. I ask this because most of the patterns ive googled...

No problem, looking forward to hearing from you.

The two books I like are:

http://www.amazon.com/Naked-Forex-Hi...ked+forex+high

http://www.amazon.com/gp/product/047...lkowskschar-20
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #729
  • Apr 16, 2016 4:34pm Apr 16, 2016 4:34pm
Quoting lukyman
Shemski. Take this one for instance. (page 3) {image} Where were your entries, SL and TP? Thanks

Here ya go, read this: http://thepatternsite.com/pennants.html

Entries and exits explained here: Compute the height from the start of the price swing (point A in the measure rule figure to the right) to the end of the price swing (B) and then multiply it by the above “percentage meeting price target.” Add it (upward breakouts) to the bottom of the pennant (C) or subtract it (downward breakouts) from the top of the pennant (C) to get the target (D).

Good luck!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #730
  • Apr 16, 2016 11:28pm Apr 16, 2016 11:28pm
Quoting Shemski
{quote} No problem, looking forward to hearing from you. The two books I like are: http://www.amazon.com/Naked-Forex-Hi...ked+forex+high http://www.amazon.com/gp/product/047...lkowskschar-20
​I've got that second book you listed. I just might have to try that first one too
JOHN 3:16
  • #731
  • Apr 17, 2016 4:11am Apr 17, 2016 4:11am
Silver weekly
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donīt follow me,you will loose your moneyy
  • #732
  • Apr 17, 2016 4:44am Apr 17, 2016 4:44am
NZD USD weekly
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donīt follow me,you will loose your moneyy
  • #733
  • Apr 17, 2016 4:46am Apr 17, 2016 4:46am
Quoting teatime
Silver weekly {image}
wThanks, take a look at Gold/weekley and let me know what you think about the pennant forming. That violent break through resistance on Silver is a red flag for me. I'd prefer to see price retrace a couple of times before I decide which direction to take. Are you looking to short it or buy?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #734
  • Apr 17, 2016 4:53am Apr 17, 2016 4:53am
Quoting Shemski
{quote} wThanks, take a look at Gold/weekley and let me know what you think about the pennant forming. That violent break through resistance on Silver is a red flag for me. I'd prefer to see price retrace a couple of times before I decide which direction to take. Are you looking to short it or buy?
i am waiting for retest or break ; Gold i hold now Long , but it could be a bear flag
donīt follow me,you will loose your moneyy
  • #735
  • Apr 17, 2016 5:03am Apr 17, 2016 5:03am
AUD USD H 4
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donīt follow me,you will loose your moneyy
  • #736
  • Apr 17, 2016 5:09am Apr 17, 2016 5:09am
AUD YEN weekly
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donīt follow me,you will loose your moneyy
  • #737
  • Apr 17, 2016 6:29am Apr 17, 2016 6:29am
Quoting Shemski
{quote} Here ya go, read this: http://thepatternsite.com/pennants.html Entries and exits explained here: Compute the height from the start of the price swing (point A in the measure rule figure to the right) to the end of the price swing (B) and then multiply it by the above percentage meeting price target. Add it (upward breakouts) to the bottom of the pennant (C) or subtract it (downward breakouts) from the top of the pennant (C) to get the target (D). Good luck!
Hi.. I'm New Here, nice thread sir
About the pennants, i've considered this is a valid one, isn't it?
Attached Image
  • #738
  • Apr 17, 2016 9:13am Apr 17, 2016 9:13am
{quote Hi.. I'm New Here, nice thread sir About the pennants, i've considered this is a valid one, isn't it?
Hi Nairate. What pair is this?
  • #739
  • Apr 17, 2016 11:01am Apr 17, 2016 11:01am
Hi Peeps. Not sure if this chart has loaded . Its Usd/Cad 4hr pennant/ flag (I hope!) Price is resting on major supports across 4hr/ Day/ wk and mnth. Now im guessing Ive got this majorly wrong as no one else has mentioned it. Thoughts?
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  • #740
  • Edited 11:55am Apr 17, 2016 11:43am | Edited 11:55am
Quoting lukyman
Hi Peeps. Not sure if this chart has loaded . Its Usd/Cad 4hr pennant/ flag (I hope!) Price is resting on major supports across 4hr/ Day/ wk and mnth. Now im guessing Ive got this majorly wrong as no one else has mentioned it. Thoughts? {image}
it's a bullish wedge, they are supposed to brake upwards, but from what I have seen is they brake down a lot,
it's the most unreliable pattern I know of, as they easily can be mistaken for bear flags.

what a coincidence, here is a beer flag
I'm so funny
Attached Image
Bulls are stupid Animals!especially when Im short!
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