identify the price patterns manually or by a indicator? The trades are made on the following candle, with the stop placed above the previous candle or obvious support/resistance lines. Candlestick Patterns 4 Attachment(s this is a post of candlestick patterns on the Euro, Pound and Japanese Yen that had a high probability of netting at least 20 pips. This trade was reinforced by the lower highs and lower lows. Activity, filter, activity Filters, actions ( all, none liking, subscribing. Hookem28, sep 12, 2008 9:46am Post#. Clear informative charts with excellent candlestick analysis, rarely fail but that's part of the biz. After 20 pips, I close half my position and place my stop. Hookem28, aug 27, 2008 11:27am Post# 5 4 Attachment(s yen Jan.-April, hookem28, aug 27, 2008 11:28am Post# 6 3 Attachment(s). Victoria Victoria, Mahe, Seychelles.
Wait for it to retrace into the that zone and prepare for trend continuations. Hookem28, sep 12, 2008 9:38am Post#.
No one post off topic and all absolutely cool. Hookem28 Sep 29, 2008 12:45am Post# 13 1 Attachment(s) Decided to close my jpyusd trade after 1 Hour candle was unable to break the trendline. Was waiting for an opportunity to go long. GBP Trade 1 Attachment(s i sold the GBP after the circled 1 Hour candle, taking the odds on after three consecutive lower wicks. Took profit at 20 pips, and will let the rest run for either another 12-16 hours or the first 4 hour bull candle. Had tested 89 MA three times. Mudskipper Sep 12, 2008 2:33pm Post# 10 thoughts? 1 Attachment(s) any insight on this pattern? JPY Trade 2 Attachment(s) The Yen has been running in 16-20 hours of cycles up and down (see 4-Hour chart). Entry was based on lower high on 15 minute chart. Also a hammer on the 1 Hour charts, and the previous 4 Hour candle finished near its high almost engulfing the previous wick.
Hookem28 Feb 21, 2009 12:59pm Post# 16 1 Attachment(s) The Euro was not able to break November lows. Hookem28 Feb 6, 2009 12:19pm Post# 14 1 Attachment(s) Will the Pound break through the top trendline? I bought the Pound after the 1 Hour, with the same strategy (1/2 profit at 20) with remainder set.