The joy of candlestick recognition (tymen1)

This is the candlestick recognition thread for the Tymen1 strategy found here

http://forums.babypips.com/newbie-island/19339-joy-candlestick-trading-part-2-a.html

Please keep this thread on topic. The goal is to be able to subscribe to this thread to get e-mail updates on when a new pattern is

  1. Emerging

and then

  1. Confirmed

Example:

“Piercing Pattern emerging at 15:00 GMT on GBP/USD 20 minute chart.”

then

“Piercing Pattern confirmed at 15:20 GMT on GBP/USD 20 minute chart.”

If the thread gets bogged down by multiple off-topic posts, the e-mail notification value of the whole thread would be severely weakened. I will ask that all questions about a pattern being valid or not be kept in the original thread linked to above.

Good luck!

Tymen Patterns and Rules.pdf (370 KB)

Here are the patterns we are looking for:

SHORT



LONG



Possible Dark Cloud emerging at 23:20 GMT on USD/JPY on 20 minute chart.

Negative on the Dark Cloud.

Possible Evening Star at 23:40 GMT on USD/JPY 25 minute chart.

I’m looking at this one too, Dodge.
The USD/CAD & USD/CHF pairs have already gone down, will USD/JPY be next
THanks
Jack

Dodge on the 40m USD/JPY looks like an evening star, but the middle candle is red not green - How important is this? Also the lower wick on the middle candle is long.
The bottom BB is turning in. Looks like the top bb is turning flat.
Mid bb is up. Would this be a pattern to enter with caution or wait for a 2nd confirming pattern?

Possible Dark Cloud forming on AUD/USD 35m chart 9:04pm New York time
Mid BB sharply up. Look for a 2nd short pattern.
Will see what pattern looks like when candle closes

Jack,

Mention the pattern with time in GMT. since people from across globe accessing it and taking time to calculate the time to see the appropriate candle.

Thanks

Negative on the dark cloud on the 35m chart

Dark cloud on the 40m chart, but only about 10pips from mid bb.
I will not trade

Aariff,
I will start using GMT. These patterns are in progress right now.
Thanks

If some time periods don’t look good, don’t trade those periods, and trade the periods below them with caution I’d say.

Sorry for the late response, had to go to dinner with family.

Confirmed Short Engulfing pattern at 01:00 GMT on the USD/JPY 30 minute chart. Still waiting for the market to follow through on it, it may take a second pattern, but the bottom BB just leveled out so it might be coming soon.

Possible morning star/piercing pattern at around 5:00 GMT on the EUR/USD 20 minute and 40 minute charts.

Confirmed morning star/piercing pattern at around 5:00 GMT on the EUR/USD 20 minute and 40 minute charts.

Usd/cad engulf - 0730 gmt confirmed/

Formed on 30 & 35 m

USD/JPY 1 hour evening star confirmed at 08:00

USD/CHF 1 hour evening star confirmed at 8:00. Mid BB is flat.

Usd cad dark cloud 1 hr 1200 gmt - confirmed

Just to say…this is an incredible thread!! :slight_smile: :slight_smile:

[B]Tymen1[/B]

The cubs have been taught to hunt and now there doing it for themselves … Great! :smiley: