Hope some of you got the shorts off the main Ma’s yesterday evening. and just woke up to a bag of pips… here is proof that even the easiest entries can do really well for you. The reason for taking the profit is the fact that no new low was made.
this helped me and will probably help others.
the attached indicators shows alot of patterns of PA such as hammer, doji, engulf, harami, inverted hammer, and alot of others. there are 3 indicators in all each one shows different PA patterns
-i didnt make these indicators i simply found them
edit - attached a picture of each indicator
pattern indicators.zip (5.69 KB)
Has there been any updates on the progress of the PDF?
The complete strategy is in a link on the first or second page … It is more complete than the retype will be… But she is still working on it. I will post when it is done… also on the same page is a set of flash cards showing entries candle by candle…
KenThanks for posting those may help someone out. I don’t use MT$ so don’t use ea’s But a lot of people do… Thanks For your input. Ken
I want to say something to long term guys that find it hard to take the scalp or gump trades. The thought that may help you to go ahead and get some of those pips is the same that gives us the secondary entries or the 5 o’clock trades.
Once price action makes a high or low and then we don’t get new ones. Like Friday in that case we even had a S/R line at the bottom. As we get the touch trades off the mA’s take the 20 or 30 or even less pips. If it does break the low as is shown time and time again. We will get a retest of that area. It will get easier as you gain the trust but it could break fast enough that your still in it when it breaks. But you will still get a retest so consider that when you take your profits . All the price has to do isn come back your spread to reenter for free. IF comes back on the retest say 15 or 20 pips you could gain another trade for free. Just a thought. But don’t discount those scalp or gump trades they add up fast and can be easy because you have lines to enter off.
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Hi ken - thanks for your informative posts and charts.
I have a question on the 35/50 trade and chart above…I can see the bear bar closing through and below the 35 and 50 MA’s…and hence a reversal trade is taken - indicated by the white “V” formation on your chart.
However I see also the red bearish bar following this trade also moves down through the 35 and 50 MA’s…is this also a set up for the 35/50 reversal trade (to go long again) or is there some other information that kept you out of this set-up?
I should note I have not yet taken a 35/50 trade as I do not fully grasp when to take them and when to leave them.
Thanks in advance. Taylor
This is probably not the best place to show that pattern as your correct the
Red bearish candle was also a 35 /50. But in a down trend the one I showed would be the one to take. The point when you said V is the actual thing I am looking for as a failure or just a retest of the 35/50 trade as the farther up the retracemnet is made the more likely it will fail and continue up. so you look for a check mark not a V . It is just a quick reference to a fib level. Maybe reread the section on the 35/50 and 62 ema trades.
Also I will post some stuff EO wrote about these trades. Ken
EO; On the 35/50 reverse trade.
Volume in the market bro! Like the one that happend today during the US lunch time. The trend had been established to be a downward trend, she hit a nice low, 200sma on the h1 CIRCLE B and the 50sma on the h4 CIRCLE C. That sent her north to the 15m 35/50. Sellers started at the 21, 35/50, then bang she closed over the 35/50 and the 50sma was ontop,CIRCLE A sellers jumped on with drool and drove her back down. Those are your trend traders that jumped on her, their not the traders like Infinity, myself and others who went long from the bottom, they waited for the price, then pounced. The 35/50sma cross and reverse is excellent once the trend for the day has been defined like it had been for us from London. Will the cross and reverse work everytime, no, hell no, but it will once we come off a new high or new low.
Just foud your thread burt did not see any plase you discuss MM or SL and TP. For me the mistery is stil how to set good TP. I always end up geting SL biger then my TP bacause I take profits so soon sometimes I have to get 2-3 winners to cover one loss.
Any help abouth that.
Sorry for my bad spelling.
Sasa
Yes it could but there was some nice gump or scalp trades in that area friday. Here is another chart showing how you can take those profits without risking any additional profits. By reentering on the retest of the break. If the price had broke down Friday it would have had a 99% chance of a retest like this. anytime it has to make that many attempts it will almost always retest.
Hope this helps explain it better ken
It is all in the PDF on the first or second page click on link to down load , The notebook or manual read first then the flash cards to show entries one candle at a time … Ken
It is on post no. 2 one called strategy and the other flashcards.
Thanks Kenneth,
I did not notice the flesh charts. Vary nice.
Now let me notice that generaly we can see many dojis in the midle of the trand and we would take them for loss. It is not that I think there is the 100% winn system but is there any way to prevent from entering dojis like ones pionted out on attahed picture.
Thanks.
Sasa
Hi Sasa
I have found that dojis are only dependable at the top or bottom of a good sized move and even then I watch the next candle to confirm the direction.
John
Thanks a lot John for your comment. I have read a wholl book on candle paterns (I know them by hart) but still fail to trade using them, and I aggre with you, but it seems on its own thay can be missleading. And what is a good size move?
I guess that MAs are to tight together.
Sorry for my bad sppeling 
Sasa
Yes we do that is a 5 o’clock trade you will see the description in the Strategy pdf. It is called such because the 21 ema is pointing to where 5 would be on a clock face. It is a retest trade as are most of our trades and also aligns with the 50% fib level. and being a shooting star shows great rejection at that MA.
We using our MA’s as confirmation would take this trade right off the 21 ema as soon as it started to turn back. A lot of people use Po’s (pending orders) for these as they can be very fast. Our stop would be above the ma line.
Hope this helps Ken