You didnt do anything wrong. Just I dont see that candle as an pinbar (unless it was at the time you entered and then price dropped a little lower.
Although I do like your style as it is very close to how I trade.
my usd cad sell trade reach stop loss - 20 pips ,
now i enter new trade euro gbp buy now +22 pips (stop loss move to BE because today friday no risk)
nzd chf still open, i move my stop los+70 pips
euro gbp
4 hour chart
EU H4 TF
If not for NFP this would have been a good buy.
Im getting out with whats on the table.
If not for NFP this would have been a good buy.
Im getting out with whats on the table.[/QUOTE]
Ok I am also close all enter trades
Or just trail your Stops to cut your risk, or take partial profit, or do nothing. I like your contributions to this thread, but if you’d like some well-meaning advice I wouldn’t alter your trading too directly just because you read something on a forum, as that can harm your own learning. Niki has great trading instincts, but many on this site are pretty awful yet present themselves as capable: so do learn generic leasons from others around here, absolutely, but only trade your own analysis and make your own trading decisions, would be my advice.
I’m in a USD/JPY trade, I took partial profit, trailed the Stop on the remainder, and will leave it open through NFP. There are many effective ways to trade, as long as one understands the context in which they’re making their decisions.
Also, Niki was talking about new Entries, rather than open trades.
Anyway, sorry if this is garbled or unwelcome - I’m posting on my 'phone while decorating my son’s bedroom, but wanted to jump in.
ST
[QUOTE=“sagrifa;485081”]If not for NFP this would have been a good buy.
Im getting out with whats on the table.[/QUOTE]
Ok I am also close all enter trades[/QUOTE]
You should not take my word for it. My risks are my own. Furthermore, my pip earnings are also different from yours.
Finally, always remember this. Never trade tips, hints and other peoples set ups. Often, they wont work. Trade what you see. It will give u returns in the long run.
Mind meld!
Finally, always remember this. Never trade tips, hints and other peoples set ups. Often, they wont work. Trade what you see. It will give u returns in the long run.[/QUOTE]
Thank you very much for your advice ST and nikita , i close the trade not because of only your post , Friday is my weekly off here , I want go outside , if I have open trade I cannot enjoy my day off , I will watch the trade often in my iPhone and my friends will get angry with me , yes before I did but now I am not following any one for entry or exit , But i am learning from you guys ,last Friday I attend a forex exhibition in Dubai jumairah beech hotel , it was a good experience for me , I learn many things from there , I inform Salim about this event but I don’t know he was there or not ,there was many trading competition and lucky draws , I try all but I was unlucky , ok guys , thank you
i am looking a nzd jpy short if get good entry ,
My Chart arrangement
EU WTF Wave.
Will monitor.
SL is as where it is at the moment.
[QUOTE=“Nikitafx;486691”]My Chart arrangement
<img src=“301 Moved Permanently”/>
EU WTF Wave.
<img src=“301 Moved Permanently”/>
Will monitor.
SL is as where it is at the moment.[/QUOTE]
Closed half. Rarely do that but its the first trade of the week and I would hate to see it hit SL at BE
[QUOTE=“sagrifa;486475”]i am looking a nzd jpy short if get good entry ,[/QUOTE]
I want to say my nzd jpy short trade now +100 pips , but unfortunately my sell limit order not trigger by spread pips , it’s miss just 4 pips , but I am happy my plan was perfect ,
Today’s GU trade.
45 pips+
Any recommendation on reading materials regarding japanese candlesticks online?
HOG has some good reading material based off what I have seen him post on his thread from the cadle stick master him self. Twist his arm and he might send it to you. I also think you know enough already but even he candle confirmation has been hard to come by this year for me. I have had to look for other correlations. So far results have not been to great as I have gone either in drawdown or sideways at best. Just take gs8888’s trade above for example (not calling you out gs8888 just using your chart for an example nothing more) I would have bough at the bottom of that range with that pin bar I would have though was a hangman setup (or inverted hangman whatever not good with names). Would have took a loss there.
I dont see what he seen to go short there but it worked so he seen something thats for sure. Maybe I am going blind I dont know. But (and I know it is shunned against here) even I have looked at indis to get trades. Have I really stooped to the bottom of the barrel just to maintain? Lol its almost funny. BUt this year has been rough so far. Its funny I have in front of me my first live trading Forex’s journal to see. Why was that year so much better than any other year I have ever had by far. Was it a fluke or did I actually have something then that I dropped and dont see now.
Beyond Candlesticks - Steve_Nison
[Japanese Candlestick Charting Techniques - Steve Nison](http://www.fxf1.com/english-books/JapaneseCandlestickChartingTechniques-Steve Nison.pdf)
[Candlestick Charting Explained - Greg Morris](greg morris candlestick charting explained – مرجع آموزش بازار بورس و فارکس Morris - Candlestick Charting Explained.pdf)
[Candlesticks Fibonacci and Chart Pattern Trading Tools](Candlesticks Fibonacci and Chart Pattern Trading Tools – مرجع آموزش بازار بورس و فارکس Fibonacci and Chart Pattern Trading Tools.pdf)
Candlestick and Pattern
Candlestick Charting for Dummies - Russell Rhoads
High Profit Candlestick Patterns - Stephen Bigalow
Candlestick Secrets
[QUOTE=“yunny1;487055”]
Beyond Candlesticks - Steve_Nison
[Japanese Candlestick Charting Techniques - Steve Nison](http://www.fxf1.com/english-books/JapaneseCandlestickChartingTechniques-Steve Nison.pdf)
[Candlestick Charting Explained - Greg Morris](greg morris candlestick charting explained – مرجع آموزش بازار بورس و فارکس Morris - Candlestick Charting Explained.pdf)
[Candlesticks Fibonacci and Chart Pattern Trading Tools](Candlesticks Fibonacci and Chart Pattern Trading Tools – مرجع آموزش بازار بورس و فارکس Fibonacci and Chart Pattern Trading Tools.pdf)
Candlestick and Pattern
Candlestick Charting for Dummies - Russell Rhoads
High Profit Candlestick Patterns - Stephen Bigalow
Candlestick Secrets[/QUOTE]
Thank u yunny
Hello Nikita. I just had this doubt. Do candlesticks work like they did before ? I know this questions sounds crazy, But i remember you saying that the market was not like before where you did gain couple of hundred pips a week and nothings have changed.
So I was wondering if the candlestick patterns carry the same weight or such…!!!
Possible BPC setup on AU
I’m also looking t this. 1.317 seem a strong resistant. dyou think it will go down?