Thanks Tymen, Put on 5 trades today ... using the ultimate candle stick method ....the first one didn't go so well ....the problem was i jumped the gun on the retracement ....so by the time price fully retraced and just barley came back to me, i got out with a small 1 pip profit....that was great...didn't lose any $$....
the trick i suppose is to be careful on the reentry point ....i noticed on the 5m chart a reversal candle pattern will usually develop at the top of the retracement.... similar to the one on the main chart ... if one dosent develop...i considered the trade to be over...
so the following retracements were entered at the point of a dark cloud, engulfing,or evening star on the 5 m chart .....and it went very well..
made a total of 70 pips on 3 trades
Took a 10 pip loss on the final trade ...I got stopped out and then price immediately ran the correct direction and left me wishing i was still in the trade
also, another helpfull tip i discovered, is if an evening star starts to develop on the 20m chart, I will wait for it to develop on the 30 or 35 m chart before i go in.....the pattern seems to work better once it develops in the higher time frame...
.... wow!!! what a great method you have shared with us....Thanks!!!