Hiya,
May please tell me why this trend is reverted exactly on candle that I placed the position!!! If this is reversal single or double or triple or … where exactly THIS pattern or candlestick discussed on babypips? If there is not on babypips, do you have a book about this reversal pattern and candles that COMPLETELY discuss every possible, even rare candle and patterns that cause reversal?
Assuming these are intra-day candles its going to be almost impossible to tie the reversal to an event or news announcement. There probably was no such thing, so it was just a technical reversal.
I’m a multi-day trader so I regard ALL intra-day candles as just meaningless noise, certainly nothing I would base a trade on. But candlestick patterns are really well covered by Thomas Bulkowski at ThePatternSite.com. Just bear in mind all his research is based on daily charts
It is called a Fakey pattern, do some research, it is a very reliable pattern. Good luck!
@campione, it’s hard to tell without more information. What led you to enter your trade at this price level? It would help if you post a screenshot showing the currency pair, price and time frame of your chart.
Wow… So colorful n so many line on your chart
Probably a round number 
Pretty sure it’s an engulfing candle… but never mind
Hiya,
Its 5Min Timeframe. What do you mean by technical reversal? what is the rules of technical reversal? What pattern do they follow? may please send me its reference link? 
Thnx
Hiya,
I placed the position exactly after three bear candles on left, that time the candle after the three bear candle was not made as its position was uncertain,(I’m sure you all knows what I mean), so suddenly this happened. Regarding engulfing, its the 5th candle by counting from three bear candle, is happened. That time position was filled, so the conm was late for me and I get pregnt… 
by this reversal. Hmmm
Thnx
Hiya,
Thnx for reply. I’m working and studying on strategy that can works for me. Its my strategy that make me enter at some points. But in this case I see three sharp bear candles and strategy was 60% positive to sell, so I enter a sell position. But this trend reversal cut my money!
Hiya,
Sorry I didn’t get what you mean. Number of what? Hmmm
Thnx
A technical reversal is just a reversal that shows on the chart but has no underlying reason or basis in fundamentals, such as the value of a share of the company, nor in news such as bank interest rate etc. So price reversed because market constituents decided it had gone down far enough to attract enough other buyers to make price go up again so they bought it again.
So you entered on the open of the 1st bull candle after the 3 bear candles?
Part of my strategy includes trading the same kind of paterns. This is how I see it:
To me this pattern would indicate a possible long position after the close of the same candle you used. To determine the validity of the signal, the following would be taken into consideration.
Body size of the bullish candle. I would prefer it to be a larger size than the one in this example but not huge
Size of the shadow of that same bullish candle and also, shadow size in relation to the body. The smaller the ratio the better.
Whats the time frame?
Significance of the s/r level and the swing low. Is it a major level? Is the swing low the most recent swing low?
distance between entry and s/l
The size of the bullish candle used would be a cause of concern, but besides that, if the s/r and swing low levels are major levels and if this is a 4hr chart or higher, I would go long
After the bullish candle closes, I would use an entry order at either the open of the bullish candle or at the second lowest low, (the bearish candle 2 places to the left of the bullish candle)
s/l would be a few pips below the swing low.
It looks like the first bearish candle after the bull candle used would have triggered an entry assuming my entry order was placed at the open of the bull candle. (The low of the 1st bear candle after the bull candle violated the open of the bull candle)
Thats my take on the chart in question.
Hi Campione, You can google Candlesticks by Nial Fuller and anooher website by Steve Nison. They are excellent articles. Basically a Fakey happens when all traders get sucked into a break and then the market reverses in the other direction. Then you have a situation where all the trapped traders MUST cut their positions and then the market flies! Also after a consolidation phase the market will break in one direction,for a few pips, and then reverse in the opposite direction. If you can spot only those trades you will be massively successful. But combine all candle trading with an indicator for easier identifying. Have fun! Cheers.
That’s a very interesting comment, haha
This is my own opinion… For me all chart patterns is just for reference… Don’t follow blindly… Don’t b surprise if it suddenly goes either which way which u unexpected if there a sudden news release or anything suddenly happen… N stop u out… Every candle have it own price action. Current live price action is the best, backtest is always perfect… Nv backtest, nv rely on chart patterns
Hello Campoine! I understand your emotions! Please, if you face this problem in your live account consistently than go for demo once again! Don’t waste your money in your live trading! You have to improve more on trendy status of market! May I know, how do you identify market trend?
(All figures are 5min here)
Hiya,
Its 5min time-frame. EUR/USD. You can see the date and time of position in charts.
Entry sell price: 1.11434 > TP: 1.11390 (but price go to 1.11918)
“What led you to enter your trade at this price level?” I see three fast bear candles and I believed that is going down, also I look at some indicators and the overall my strategy looks 60% is OK to place a sell position.But now do you see what happened to me. I feel deadly headache after this few thousand pound loss! 
I don’t know how to draw my headache and pain by these…
Anyone can help me figure out what exactly is the issue? If you need any specific charts to answer me correctly, please ask me to send them?
Thnx
xoxo
Hiya,
Maybe I don’t know how to identify trend, may please you tell me how to identify it correctly?
Thnx
