Main Chart,
A bigger wick off the bear candle is what would have made it an ideal pattern.
Main Chart - After Exit
Regards,
Muthu.
Chennai.
India.
5M Entry/Exit
This trade showed a draw down of few pips. The starcs turned against. However, the midd bb off 5m was still in our favor so i let it ride and eventually this is what has happened.
Dave:
Thank you !
Regards,
Muthu.
yw
I will try and post some trades, but as you know I trade this and other strategies live, so time is limited and i don’t always catch these moves
Understandable !
can you please explain how do you post those kind of charts in here.
all i can do is post small charts from paint or links from photobucket
Hi
If you go to post #33 here, there is a link to how to do
Main Chart
To my eyes, it looked like a text book beautiful bearish engulfer and i would have taken it ten out of ten times when i see such a pattern on the chart.
Main Chart - After Exit
So what was wrong in the trade ??? I leave the question open to you to figure out coz i am not able to However, it was a trade where i believe rules were followed and we entered a very good pattern. It still failed. So lets not worry too much (as we followed rules) and move on to the next one.
Regards,
Muthu.
Chennai.
India.
An upper wick off the bear candle would be the best pattern. However, still looks good enough.
Main Chart
Well the problem here is obvious!
…
…
.
We can’t expect every trade to work 100% of the time
If they did, there would be no one to take the opposite side of our trades because it would be an automatic fail :-p
Thank you Dodge for the reply and i am not seeing you online much these days. I would like to see some more charts floating from your end.
Regards,
Muthu.