The price has dropped nicely and our 1st target has been reached.
The first target line has, therefore, disappeared.
Note the money now in the unrealized profit/loss window from this first target.
There is also money in the floating profit/loss window from the 2nd target, which, of course, has not been reached yet.
When the 2nd target is reached this window will show a much bigger profit and then will transfer it to the unrealized profit/loss window.
One more Basic level trade, then 4 Intermediate trades, then the Advanced.
The Advanced level seems to get the most requests so I will do them until half way thro November when I close for the year.
[B]Unless there are special requests to keep this thread open, I shall also terminate this thread at that point since I have no more material to post on this matter.[/B]
Thanks for that most recent example trade Tymen. These are excellent and is good to see how you progress through the trade.
As far as closing the thread is concerned, as long as it can still viewed for reference I think this is acceptable. I think most people understand that your course will come to an end at some point and dont expect constant coaching and trade examples from you. But it would be great if the therad was still available for viewing and reading. That’s my suggestion anway.
Unless there are special requests to keep this thread open, I shall also terminate this thread at that point since I have no more material to post on this matter.
Tymen: I realize this has been a tremendous amount of work on your part and it is understandable if it is too much to continue. However, I was wondering (read ‘hoping’ and/or ‘begging’ :o) if you would be willing to outline the other candlestick patterns you use with a couple of examples? The reason I ask is because I’ve noted that as you post examples you reveal a lot of nuances of the trade/pattern that are not apparent with just an explanation of the pattern.
Yes, the patterns have slight variations, just like human beings come in all sizes.
But the integrity of the pattern should be intact before you consider trading it.
For example, I had a look yesterday to post my next Basic trade, but I saw no patterns that were really good quality.
The good quality ones that I did see had already passed my by!! :o :o :o
A pink line is drawn - it is a [U]support line [/U]with 8 tweeser bottoms marking the line.
This line suggests a limit to the downside movement of the price action.
This line is above the PCI.
Note that the price action is still against us and still in the negative.
In this chart we see that the price action is now going firmly against us with a 2nd red candle.
The 1st red candle after the 3 green soldiers pattern has formed a short engulfing pattern.
