Tymen:
First of all, thank you once again. This is a great thread- unconventional and groundbreaking. Your teaching style is straightforward and clear. You present a lot of information without overwhelming people- a true educator!
I’ve been reading along since the start and re-read the thread in its entirety again yesterday. I’m really looking forward to test driving this system soon, but I have one question first: How do you handle your stop losses?
Firstly, thank you for the kind words.
I have yet to deal with stop losses since I have the 5 min entry method and also the staged 3 part entry for which I showed only 1 post.
But quickly said, for an evening star, place your stop loss 2/3 pips above the highest point (middle candle - the “star”).
Do [U]not [/U]place the stop just 1 pip above it. The bucket shop brokers know about this and if the broker has a 1 pip difference from interbank feed, it is possible that your stop could be hit on a reversal.
After that you will be very disappointed as you see the price roar in the correct direction.
Use the above tactic and you should be alright. Cheers! 
this is my first post in this thread. first of all i just like to thank tymen1 for his great work and effort. what a great way to teach.
i have been reading this thread for a week now. in the begining i had soooo many questions but with every update my questions were being answered without asking. genious method. u r a true teacher.
now i have just finished reading and everything is crystal clear and i dont have anything else to ask apart from stop losses which you are gona cover later i hope.
please keep up the great work. i apreciate ur time and effort big time and i m sure everybody visiting this thread will feel the same way.
gooooood luck trading guys and hava goood weekend. i know i willll.
Its raining hard here in Perth this morning with the summer now well and truly over. Gave me a chance to go through this thread again from start to finish. There is so much that I like about it Tymen. It makes sense and is logical (critically important for me to have an understanding of why something might work so that I can trust it). It seems very unique (you have done a great job with this development so far) and I have something of a mathematical mind so start to mention concepts from maths or physics and I am immediately interested. Going to spend sometime this weekend looking at how this might interface with SR levels (or not as the case may be) to see if it can improve my trading. Many Thanks
Great work teacher tymen1! I admire your dedication and effort to come out with such a great way and having it all explained nicely… Hope you continue to provide us with more samples for us to master this… 
Hi all
I really really agreed…if we know about candlestick pattern we can know how it works and will made the profit.
Trading with confidence…relax and cool…no stress…just wait and see how it works…the market more to pyscho…i like teach u all how to succes in live tutor online…live tutor is the best…this is not advertising…just sharing idea and make some profit by live tutor.
Yes it is, I saw him on DailyFX. He posted predictions for 2 months and then asked people to pay him.
Go spam somewhere else.
Hi Vulcan
Please undertsnad what i mean…i only talking about general candle pattern…not specific when it working by time…that is very very specific and under my forex consultancy…and an other case…but this case i really wanna teach some traders understand about candle pattern.and better teach on live tutor while the marker move.example…inverted hammer so the next move will up…shooting star so the next move will down ect.i do not tell when the price up or down by the sharp or arround timing .I am gentleman…that why i dont chnage my Nickanme all the trhread discus about forex i only use lovelyforex.Till now i am still posted general market in dailyfx.U can see in an ather thread have someone put the signal or sharp timing for buy/sell? i think only general discusion by technical and feudumantal…i am so sorry if u think im here for advertising…yes therfore in dailyfx i posted prediction when need buy/sell…but before i posted like taht i only posted general market…weekly monthly…but when many trader dont beleive me about my assume .So for the proof what i said…i posted the signal and then so many trader email me and asking about that…how u know…? can i learn with u? thanks ur timing signal very amazing and accuracy…ect…
p/s friend is friend…biz is biz…
Hi Tymen…great job on the lessons! Appreciate the effort
Ok I’ll bite…what’s the skinny on the Ergodic Candlestick Oscillator. I did manage to find one but not much info comes with it and there seems to be a couple of varieties.
This is what I did find out and hope to to get your opinion:
Trading Ergodics with the Trend - Rules
-Enter or hold position only when slope of Ergodic Signal line has the same direction as the trend.
-Stand aside when slope of Ergodic Signal Line is in the opposite direction of trend.
-Enter or exit position when Ergodic and its Signal Line cross.
The simplest way of using the indicator is simply to define the trend based on which side of the �0� line the indicator is located on. If the indicator is above �0�, then the trend is up. If the indicator is below �0� then the trend is down.
You can add an additional qualifier by noting the �slope� of the indicator, and the crossing points of the slow and fast lines. Some like to use the slope alone to define trend direction. If the lines are sloping upward, the trend is up. Alternately, if the lines are sloping downward, the trend is down. In this view, the point where the lines �cross� is the point where the trend changes.
Thanks for the tip
Hi Tymen,
Made some more pips this week with this entry system. I was leaning toward candlesticks when I saw your thread, and this has grounded me in them quite nicely. Thanks Again.
One question;
Do you have any examples of bad entries (ie - fakeouts) to avoid?
Keep on Truckin!
Hello Tymen and all,
Did any of you trade on Friday morning?
Here are 2 charts in the attachment;
the first one is the 30 minutes and the second one is the 5 minutes, from Friday 8:00 AM.
Beautiful [I]evening star[/I] formation (isn’t it?) and I thought this will be good 
…and what happened :eek:
…then I panicked and started loosing money.
Do you have any advice on this chart?
What did I miss here, besides that it’s Friday…the unpredictable!
Have a great Sunday!
8pipike,
I do believe that spike was the US Non Farm Employment Change and US Unemployment figures, which were worse than expected.
Check out forexfactory, they have a good economic calendar.
Make sure you know what is coming and when for the day before you enter a trade.
8pipike,
I see two problems with your trade.
Avoid trading close to news releases. And NFP is a big one.
If you were looking at the 7:30 bar as your evening star, I would have avoided that trade regardless of the news. That star is not near the Bollinger Band. Maybe it�s just me but I�ve found a much higher failure rate when the candles are not on or outside of the BB�s.
I noticed you are using FXCM. Are you live with them? If so, what�s your opinion of them? I have a demo with them and I really like the charts and platform. I�m live with MBT but their Navigator platform is terrible.
Max
Hope it help.
It’s 2 sample of candlestick indicator, Let me know your opinion
Pattern Recognition.zip (2.4 KB)
candlestick.zip (1.39 KB)
I am not even close to a expert… but I would have to say that you ignored one of Tymens rules for opening a trade. The evening star has to be closer to the upper BB as the real body of the candle was closer to the middle. That and the NFP which I understand is a fairly big economic event to stay away from if you like to lose money.
Hi everybody,
Thank you all for your advice, I appreciate it.
I’ll answer to everyone here:
[U][B]VulcanClassic[/B][/U] - yes, that was a big mistake! Calendar is great, I’ll use it.
[U][B]Max[/B][/U] - I’m a bit puzzled here. Look at the 04/03 3:00 AM EUR/USD chart the evening star formation is on the lower BB, and what a great short trade there.
I’m live with FXCM and I really like them. If you like their demo, then you will like the live platform, as it is the same; and they are very helpful if you have any problem.
[B][I]Babysteps[/I][/B] - I cannot open the files. Can you post it in a different format?
[B][I]Concept[/I][/B] - I have to read Tymen’s post again.
I’m looking forward to learn more from Tymen and from all of you!
Thanks for your help!
Hi Master Tymen,
Have a question regarding the entry strategy. Specifically when the vector is going down and we’re selling, why do we have to enter at lower part of the KC given this would hit us a few pips? Example we’re shorting and the current bar for entry is in the middle of KC but the vector is downward, if we short right away this would give us few more pips rather than waiting for the bar to hit the lower part of KC. Please enlighten me if i’m misunderstanding something on the entry strategy. thanks.
Hi Again to All,
Need your opinion on the daily chart i attached. The 3 bars before the red line show’s the pattern. Then next 2 bar is just from tokyo open till today but show two bars because the MT4 server is using different time zone. Can we consider this a valid short entry? In my opinion it is but the next 2 bars is bullish.
[B]Since I last posted on Friday, a whole lot of new posts have been made. [/B]
Firstly, I would like to thank [B]Yuv, Tonymand, Aha, Vulcan Classic and Sweet [/B][B]Pip [/B]for their ongoing compliments.
I say to[B] Love forex[/B] that you have only 3 posts and are not yet rated even as a newbie!
Please learn to respect this forum and stop spamming.
I would respectfully suggest you take some English classes and learn how to spell !! :mad:
Then use this forum for what it is designed for - to learn!
In any case, your spamming is not appreciated on my thread! :mad:
[B]To Sweet Pip:[/B]
I think you have got the Ergodic right. It was invented by William Blau and designed to work even with large gaps in stock trading. I had a scree of notes on it but I dumped them as I do not use the ergodic for anything. There is loads on the internet about this indicator.
