originally written by londont:
very nice screenshots, parsush. it seems you’re using candlestick patterns (doji spear, hanging man…) as well to enter, am i correct?
I’ll use whatever it takes to make me filfthy rich!!
just kidding… while I might use patterns to support my decision whether to get in a trade or not, (when things could go either way), I don’t give them a lotta credit.
if my stoc says it’s overbought, no dragonfly doji would make me think otherwise.
I’ve decided to add yesterday’s trade, which is still up and running, as well.
in this one I left the Fibonacci on the chart so you could see how I use it.
unfortuantly, I was 1 pip short from take profit, but I hope it would get there eventually. again you can see that if I were near the computer in the right time (last time stocs hit buttom) I would have made a massive pip gain by using 2 lots, 1 with a trailing stop. oh well. next time.