Updates from March, 2015 Toggle Comment Threads | Keyboard Shortcuts

  • Candlestick 5:41 am on March 30, 2015 Permalink | Reply
    Tags: AUDUSD,   

    AUDUSD This is Sell Pattern 

    AUDUSD This is Sell Pattern

     

    AUDUSD This is Sell Pattern

     

    1 buy cancelled

    2 strong sell

    3 Go down

    NZDUSD Go Down EURJPY Go Down

     
  • Candlestick 10:17 am on March 27, 2015 Permalink | Reply
    Tags: NZDUSD Go Down EURJPY Go Down   

    NZDUSD Go Down EURJPY Go Down 

    NZDUSD Go Down EURJPY Go Down

     

    Hi,

    Long Hang Seng here

     

    reader’s message

    ——————

    Hello Long,

    Thank you for the message.

    So, maybe I’m wrong, but to get as much as 90% winning trades, do you go to breakeven as soon as possible ?

    As you can see on those pictures (NZD-USD on H4 and EUR-JPY on D1, trading the harami), should I have gone to break even ? The trade may be loosing soon…

    I think it was not possible to go to break even on NZD-USD. I don’t know where to put my take profit, when to go to break even.

    If I understand well, you use stop loss as trailing stop on each new high / low.

    Thank you so much !

    Best regards,

    ——————

     

    NZDUSD Go Down EURJPY Go Down

    watch video heree

    https://youtu.be/2zmfqKM6jiM

     

    Thank you

    Long

    PS: Is it always possible to trade with doji, on Daily, and maybe H4?

     
  • Candlestick 8:17 am on March 27, 2015 Permalink | Reply
    Tags:   

    PS: Is it always possible to trade with doji, on Daily, and maybe H4? 

    PS: Is it always possible to trade with doji, on Daily, and maybe H4?

    Hi,

    Long Hang Seng here

    message

    ——————

    PS : is it always possible to trade with doji, on Daily, and maybe H4?

    https://youtu.be/7WPbb6BTnhs

    Thanks !

    ——————

    Yes, always trade with doji on Daily

    Thank you

    Long

    When Candlestick close then watch chart
    PS: Is it always possible to trade with doji, on Daily, and maybe H4?

     
  • Candlestick 7:21 am on March 26, 2015 Permalink | Reply
    Tags:   

    When Candlestick close then watch chart 

    When Candlestick close then watch chart

     

    Hi,

    Long Hang Seng here

    Questions
    ——————

    Hello Long,

    I hope you are fine.

    May I ask you a question ?

    I tried to trade with harami on Daily and H4, but these 3 days were awful, because of ranging pairs : AUD/USD, NZD/USD, etc.

    I would like to trade only ONE or two patterns without indicators. Such as harami or hegeset.
    I used to do a buy stop and sell stop at top and bottom of harami and hegeset, with a take profit = 2x stop loss.

    At beginning it was working well, but in range periods it is quite catastrophic.

    My question is : what pattern do you use?

    Only “strongest strategy”, or several strategies?

    Only on Daily or H4 ?

    What is your winning ratio and how much trades do you have each month on Daily?

    I thank you very much for your advice’s.

    Happy trading
    I’m still looking for new articles on your website.

    Best Regards,
    ——————

    UK100GBP Profitable Trade Pattern in the Future
    When Candlestick close then watch chart

     
  • Candlestick 8:22 am on March 21, 2015 Permalink | Reply
    Tags: , UK100GBP   

    UK100GBP Profitable Trade Pattern in the Future 

    UK100GBP Profitable Trade Pattern in the Future

     

    UK Index UK100GBP

    UK100GBP Profitable Trade Pattern in the Future

     

    ——————

    1 passion candle
    2 Cross
    3 Strong Candle

    ——————

    Just sell stop order to #2 low if next bar close higher, move stop order to higher bar low

     

    This pattern very profitable in the future.

    Important Things about Pinbars in price Action Trading

    A pinbar is a candle pattern that signals a potential reversal.
    The candle consists of a longer wick to one side out and a small body.
    The rationale behind a pinbar is that the wick signals a rejection of a higher/lower price.
    Thus, the price moves into the opposite direction of the candle-wick after the pinbar.
    Whereas it seems pretty straight forward to spot a pinbar, there are multiple things to consider about pinbars in price action trading.
    There are no certain answers for some questions about pinbar.
    These questions are-
    Is the rejection-wick long enough to show a significant rejection?
    How does the rejection-wick compare to previous price action? If previous candles are wider, a relatively short wick might not indicate a true reversal.
    Are the body small enough and the close at a good level?
    What if the pinbar has wicks to both sides?
    What’s the ideal place for a pinbar?
    Do pinbars perform better at support/resistance, round numbers, with or against the trend or does the location of the pinbar have no impact
    on the performance?
    Beginners will rarely hear anyone talk about these points because they would destroy the illusion of pinbars as a beginner-friendly and easy
    to trade strategy.
    Without being clear about all possible aspects of a trading strategy, a trader will be left wondering why seemingly similar setups work some
    of the time and fail other times.
    Whereas it’s the nature of trading not being able to predict the outcome of a trade, there is a huge difference between the statistically
    normal failing of a setup and misinterpreting.
    So, before traders are actually trying to trust price action trading for their trading, they should know all about this method and gather knowledge.
    Otherwise, they might not be able to handle the trading method and end up losing their investment.

    https://youtu.be/Hjo2tRnhBKM

     
  • Candlestick 11:47 pm on March 20, 2015 Permalink | Reply
    Tags: Do you have any mechanical trading systems?   

    Do you have any Mechanical Trading Systems? 

    Do you have any Mechanical Trading Systems?

     

    Question
    ——————

    Hi Long,

    I went through your videos and I have a question. The scalp and day trading videos indicate
    we can take trades almost ever other bar. Have you done any back-tests on this to see if it was profitable.
    Does it work better on higher time frames? Do any trend filters need to be added? Do you have any mechanical trading systems?

    Thanks and Regards.

    ——————

    Watch video here
    https://youtu.be/OLByLp-q1Ic

    Do you have any Mechanical Trading Systems?

    What is price action trading?

    Price action trading is one of the most common concepts to the traders nowadays.
    The concept of price action trading embodies the analysis of basic price movement as a methodology for financial speculation.
    Price action trading is used by many retail traders and often institutionally where algorithmic trading is not employed.
    It ignores the fundamental factors of a security and looks primarily at the security’s price history.
    Though sometimes it considers values derived from that price history, it is a form of technical analysis.
    What differentiates it from most forms of technical analysis is that its main focus.
    Its focus is the relation of a security’s current price to its past prices as opposed to values derived from the price history.
    This past history includes swing highs and swing lows, trend lines, and support and resistance levels.
    Price action is simply how prices change and the action of price.
    It is readily observed in markets where liquidity and price volatility are highest, but anything that is bought or sold freely in a market will demonstrate price action.
    It includes a large part of the methodology employed by floor traders and tape readers.
    It can also optionally include analysis of volume and level 2 quotes.

    The trader observes the relative size, shape, position, growth (when watching the current real-time price) and volume (optionally) of the bars on an OHLC bar or candlestick chart.
    The use of price action analysis for financial speculation doesn’t exclude the simultaneous use of other techniques of analysis.
    On the other hand, a minimalist price action trader can rely completely on the behavioral interpretation of price action to build a trading strategy.
    Price action trading is a very deep subject to deal with for any beginner.
    But it is a very important thing for the traders to have the basic knowledge of price action trading.

    https://youtu.be/1zv63XAC9KA

    Bearish Gap and a Long Earish Candle means price go more down in Candlestick Trading

     
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