THE JOY OF CANDLESTICK TRADING - a Learning Experience

[MaskedRider_555]

Hi everyone,

I am a newbie in this forum but been trading forex for more than a year. I had read through tymen1 thread before joining this forum. He is really a good teacher and make me understand a lot on candlestick trading. Hope to learn more from this thread.

[Blaiserboy]

[quote=FXCaribbean;62435]You forgot about the most beautiful ladies in the world .......

civilized ?



I am just starting my google map program so I can find your house. see if you can have some entertainment arranged.!

On the weekend I will post a couple setups that I found, I guess they are to go on the other thread.

[FXCaribbean]

Originally Posted by Blaiserboy

I am just starting my google map program so I can find your house. see if you can have some entertainment arranged.!

You're on !
Where are you coming from ?

On the weekend I will post a couple setups that I found, I guess they are to go on the other thread.

Yes that would be nice of you.



FXCaribbean
"Don't go where there is a path. Open a new one and leave a trail".
If you want to understand what we're talking about here (UMS) then read this and set your screen and computer that way. Also read the live thread, UML Live and UMS Live

[muraleedharan]

Hi
Members and friends of forex community,
I am Muraleedharan from Bangalore,India. I am new to this forum.I started trading demo in 2003 .Now I trade demo and real account.My passion is currency trading.My favourite currency pairs are EUR/USD and GBP/USD.My other passions are reading and writing about trading.
I am happy to be a member of this forum for I can interact and communicate with forex community.
Good trading and good day for one and all.
Muraleedharan,Bangalore,India

[VulcanClassic]

muraleedharan,

Duly noted - and reported! Spammers!

[damo989]

Here is a User guide for anyone who is trying to learn Dealbook 360.

Hope it helps.

[muraleedharan]

Hi
Candle stick patterns are very simple and powerful.Set-up. Inside Candle at critical Resistance and Support level is a very good set-up to me.By writing critical support level I mean that the support zone has been tested several times and could not break.
Entry trigger. The Inside Candle is formed in the support zone.Inside candles signify the consolidation period. The price broke out the High Price of Inside candle. You enter the position 20 pips from the breakout level ie HP of the inside candle.
Stop loss .You can place the stop loss 20 pips below the Open Price Or Pivot Point which ever is low.
Target. You can keep the target at R3 (Pivot level R3).You can use any of the pivot calculators to calculate pivot levels. This has a very good risk reward ratio.However there is no holy grail in trading. Muraleedharan

[muraleedharan]

What do you mean by reported spammers.? You mean to say you have noted my writing as a Spammer? I don't understand.I am asking this with all respect and reverence to you as a senior member.
Good health and good trading to you
Muraleedharan

[tymen1]

Originally Posted by muraleedharan

Hi
Candle stick patterns are very simple and powerful.

Thank you for posting on my thread.

Good that you have a passion for reading and writing about trading.

Yes, we sure know that candlesticks are powerful - that is why I opened this thread in the first place.

Your inside candle is more correctly called a Harami.

I do not trade it myself but you are welcome to post charts of your trading on the UMS and UML live threads.
It is on these threads that we discuss all our trades.

This thread is left for me to teach on.

I have just stopped for a short time while I am revising and simplifying my Ultimate Candlestick Trading Method, which I feel,has become too complex.

It does not appear to be consistantly capable of handling the very fast pip movements of short term timeframes.

[tymen1]

Originally Posted by muraleedharan

.What do you mean by reported spammers.?

It is the hyperlink we are referring to Muraleedharan.

Because you are new here, you are obviously not aware that there is a policy on this forum of no direct advertising or referring to other forums or personal interests.

It is OK to post educational material or refer to forex trading encyclopedia material.

Unfortunaltely, you may find that the moderators, Pipcrawler or Pipdiddy, who go thro the posts every day, will probably remove your hyperlink from your posts.