Updates from April, 2017 Toggle Comment Threads | Keyboard Shortcuts

  • Candlestick 10:36 pm on April 30, 2017 Permalink | Reply
    Tags: focus on color and double block   

    focus on color and double block 

    focus on color and double block

    readers message
    ———————

    I hope you are still fine.
    May I ask you a question ?

    Here is my trading journal (attached file) : not bad but not optimal.


    I like “color” and “double block”, so I take many trades on my favorite pairs (the main ones) :
    AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, EURGBP, EURJPY, GBPJPY.

    Now I think that this strategy gives wins if we get MUCH trades.
    So should I look for :

    • other pairs like AUDJPY, CADJPY, CHFJPY, NZDJPY ??
    • other patterns ?

    What other patterns should I look for other trades (other than color / double block) ?
    You told me that “hegeset” wasn’t as effective, as it was showing supports / resistances.

    Thank you for your answer.

    ———————

    you can add these pairs
    i recommend focus on color and double block
    “hegeset” is shadow pattern to identify support and registance
    but color and double block is body color pattern
    so if you identify color double block and hegeset then confuse your trading decision
    so i recommend focus on color and double block
    Video here

     
  • Candlestick 11:01 pm on April 18, 2017 Permalink | Reply
    Tags: commodities  trading   

    if stock market down then buy commodities 

    if stock market down then buy commodities

    readers message
    ———————
    Hi Long Im really interested in trading commodities .Is there any thing i should know before trading them
    also have you any tips and point you could share.
    kind regards

    ———————
    if stock market fall down then money shift to commodities
    so candlestick lower continuation and close then buy commodities

     
  • Candlestick 5:39 am on April 15, 2017 Permalink | Reply
    Tags: market trend   

    we have to watch color change to identify same color continuation trend 

    we have to watch color change to identify same color continuation trend

    from youtube comment

    ———————

    Yes, but… If color change (from bearish to bullish), the close will always be upper than the previous one, right ?
    Did I miss something ?
    Can you show us / explain more examples ?
    ———————

    Video here

    here is important things
    if color changed this means trend stop
    because trend is sam color continuation
    color change this true means
    happen temporary price action like shadow or gap

    we have to watch color change to identify same color continuation trend

     

     
  • Candlestick 10:00 pm on April 13, 2017 Permalink | Reply
    Tags: color and double blocks   

    color and double blocks 

    color and double blocks

    readers message
    ———————

    I hope you are still fine.
    On this chart (GBP/USD daily), I show 2 “color” patterns : so can I take both patterns with buy / sell stop orders (the very small candles in the patterns are for sunday) ?

    I also see some “double blocks” patterns.
    So, here are my questions :

    • after a double block, may I set a buy stop order at the top of the bullish (red / red / green / green) pattern, and a sell stop order at the bottom of the bearish pattern ?
    • or do you also use buy AND sell stop orders on the same double blocks pattern (as for the “color” pattern)
    • can I trade both “color” and “double blocks” patterns at the same time, safely (it will mean, for example on GBP/USD : 2 “color” patterns and 1 “double blocks” pattern : 6 pending orders) ?

    I must tell you that for the moment I’m happy with this kind of trading, as you see on my new trading journal (6 closed trades, 6 wins / 4 opened trades, 1 winning that I will close, 3 loosing for the moment).
    So I tell you a BIG thanks.

    ———————

    you can take both pattern

    after a double block,
    you can set buy stop order or sell stop order
    also use buy AND sell stop orders on the same double blocks pattern
    yes you can trade both “color” and “double blocks” patterns at the same time, safely

    great result
    keep on good trading

    https://youtu.be/t4SeBuqlv5E

     

    color trading method here

     
  • Candlestick 8:00 pm on April 2, 2017 Permalink | Reply
    Tags: wait last bar outside close   

    wait last bar outside close 

    wait last bar outside close

    readers message
    ———————
    what to do after this bar closes
    and also tell me
    1.if it closes below Previous Open price and
    2. if it closes below previous Low Price

    ———————

    1.if it closes below Previous Open price and
    nothing to do

    2. if it closes below previous Low Price

    then watch last bar color
    these are nothing to do just wait next price action out side close
    becase all of them last bar previous inside.

    this last bar out side close previous bar
    if these are same color look back 3 and 4 candlestick from last bar
    and consider double block pattern
    if different color apply double block advance
    https://youtu.be/E-6hikBUgm8

     
  • Candlestick 7:40 am on April 1, 2017 Permalink | Reply
    Tags: wait and place stop order   

    just wait and place stop order to specific candlestick pattern 

    just wait and place stop order to specific candlestick pattern

    readers message
    ———————
    Just tell me how to apply the daily chart and use it as intraday….
    Please give me basic candlestick rules, what is High, Low , close and open in a candlestick.. show me the human emotions..
    Thanks
    ———————

    just wait and place stop order to specific candlestick pattern

    basic candlestick rules is if last bar close upper or lower or inside or outside for specific candlestick.
    this is very important to identify candlestick pattern
    this means wait last bar price action stop
    then decide place buy stop order or sell stop order to specific price action pattern.
    open and close are an instant moment price action
    last bar always action to figure high or low in a candlestick

    human emotion appear in a candlestick shadow hige
    because shadow price action means temporary high or low and go back and close and anchor risk at shadow high and low emotion level psychologically
    anchor risk human emotion becomes large frequency at short time frame
    so insatant get rich quick trader do not win. they are part of daily price action.

    for these reason if we watch chart on daily basis if last bar upper or lower at previous bar inside or outside white candlestick or black bar or continuation.
    then decide what type candlestick pattern to trad.
    if white(up) white(up) black(down) black(down) then next bar sell entry basically but to reduce risk place buy stop order to 3rd candlestick or second candlestick open buy stop order because price return into buy stop level
    if we need intraday profit then we must place buy stop order or sell stop order to past candlesticks
    https://youtu.be/dmHsUNA66Gc

     
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