Web is pretty fragmented regarding candlestick patterns, but try to gather as much of it as possible - I started there and from there it was up up up. Each candle pattern has it's reliability etc, so include those in your trading "arsenal" as ...

Price action and pattern trading

url this is where I posted for a while until trolls started bickering about everything xcept the subject... There's also some other u might wanna check but not much.. Overall result in the last month, 2 traders asked me for help and asked many ...

Price action and pattern trading

Check my posts in different threads last 30 days or so...You should get the general idea about how to start mentally comprehending the markets and trading in general. Also - it is a guaranteed loss while trading whilst learning. Try to limit your ...

Price action and pattern trading

When you estimate the profit target for an entry (btw profit targets are more important then entries themselves) you take several things into consideration: 1) candle closes above key pivotal lines (trendlines/support/resist) 2) DO NOT watch price ...

Price action and pattern trading

It's hitting .670 as we speak but don't react to that Trading on hammer setups is sometimes painful since hammers alone are unreliable, but today's close above 4 last days' close/open is another reason to go for long. SL size is also ...

Price action and pattern trading

Here is the magnified setup, and why I'm taking it. I'm not in a hurry, it can close much higher, I will still take it. Every trade is a risk and you need to accept that - no need to rush in. It's better to risk based on your system than to rush ...

Price action and pattern trading

Ill watch it closely, especially when it closes. Your entry on demo looks good, but maybe a little premature. Today's candle's close above last 4 candles close would indicate a possible reversal of this significant downswing. I'll probably take the ...

Price action and pattern trading

You have drawn fibos - assuming this was the finished downswing - it may not be like that. If this is not a bounce which will produce a reversal, then these fibos are more less useless. Alos try to look at the large picture here, especially the TP ...

Price action and pattern trading

Notice there was no new low on 4H chart - GBP/YPY.

Price action and pattern trading

This might be an opening for me...need today's candle to stay "hammer" SL at lowest low of the hammers, TP as in picture. Close above the black trendline indicates and validates the potential trade as a successful one. I'm not a fan of entering ...

Price action and pattern trading

That's why I like daily charts at the moment (no time cuz of work and university) - and there are very few entries statistically (based on my system) - but when it happens it is usually 1:7+ P/L ratio. Don't ever let the live price action get the ...

Price action and pattern trading

Nothing special there, or in any way complicated. todays USD/CAD downswing bounced off 50% line of the last upswing...it is most common bounce - I have no idea whether it will hold or no, but when you draw trendlines, you get a clearer perspective. ...

Price action and pattern trading

You need close below 116.00 to be barish.

Price action and pattern trading

Here's just my thoughts from a daily perspective on USD/CAD - don't let this affect your trading in any way - you know what I mean. I "missed" yesterday's and today's downswing, there simply wasn't a pattern on that top reliable enough for me to ...

Price action and pattern trading

Very nice decision. Scale it out, or trail it if you can. Let yourself ride the position as much as you can - while at the same time retaining the 100% "possibility" of taking the profit - no matter how large it is.

Price action and pattern trading

Another way to protect your profit (partially) is to set trailings as soon as you are deep in the green. Trailing will enable you to take profit in 100% of cases - and at the same time they will allow for you to ride the position to max profit. Of ...

Price action and pattern trading

Use everything you know. But in the end it's all about support/resist. But yeah sometimes it's difficult, specifically in USD/CAD for example - somehow we're in an uncharted territory - that 1.6 top was long time ago... Fibos should be placed on ...

Price action and pattern trading

I already have those predefined (SL and TP) - but it depends of your P/L ratio - I tend to make my trades always with a positive ratio - P has to be larger than L Stop loss is always 1-2 candles' highs/lows/open/close away. As I shown in Emerson ...

Price action and pattern trading

4H might give us a nice signal, pin bar created on it, next candle's price action will (or wont) confirm a nice buying signal.

Price action and pattern trading

Same here - I like to toss a glance to it occasionally but in general if it is a correct trade - for me it's either triggered stop loss or achieved profit target. No inbetween. Of course, profit targets are reasonable and always consist of taking ...

Price action and pattern trading