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- Shemski replied Apr 17, 2016
I agree, but again I like to see price rise/fall quickly. In order to catch a quick correction or a continuation of trend. When price moves slowly, it "tends" to correct itself or continue to trend slowly.
- Shemski replied Apr 17, 2016
EJ, Bearish flag. Looking for ca. 70 pips to the downside. Right around support! image GA, great Morningstar, look for reversal! image A possible failed Kangaroo Tail, if price breaks green line, a nice decend could follow! image
- Shemski replied Apr 17, 2016
In deed!No clear flagpole so I would also consider this to be a bullish wedge! Cheers
- Shemski replied Apr 17, 2016
I'd almost consider that a high and tight flag with a "slow" flagpost. See here: url I'd prefer to see the downwards move a bit faster.
- Shemski replied Apr 17, 2016
wThanks, take a look at Gold/weekley and let me know what you think about the pennant forming. That violent break through resistance on Silver is a red flag for me. I'd prefer to see price retrace a couple of times before I decide which direction to ...
- Shemski replied Apr 16, 2016
Here ya go, read this: url Entries and exits explained here: Compute the height from the start of the price swing (point A in the measure rule figure to the right) to the end of the price swing (B) and then multiply it by the above “percentage ...
- Shemski replied Apr 16, 2016
No problem, looking forward to hearing from you. The two books I like are: url url
- Shemski replied Apr 16, 2016
Very nice! Now, add Hammer Candles as your entries and exit at S/R and you have two very, very nice trades on that chart. See the two below trades, entries at Hammers, exits at S/R. I usually alway set my SL above/below Hammer, risking 1-2% / ...
- Shemski replied Apr 16, 2016
Thanks and even a bigger thanks from a vet like yourself! I'd suggest to read a few books rather than going through this thread.Bulkowski's literature is great and you should have no problem finding other info online regarding candle patterns, ...
- Shemski replied Apr 15, 2016
Great to see this thread alive. I was sidetracked at work for a good week but am happy to be back. Good stuff has been posted in here!
- Shemski replied Apr 4, 2016
Very nice! When are you planning on moving your SL to BE? How many pips did you get. Great job!!
- Shemski replied Apr 4, 2016
Thx for the heads up!
- Shemski replied Apr 4, 2016
Took a long position after the Kangaroo Tail was formed. this pair has been putting up good reversals after k.tails form... Within 15 minutes I was able to move TP to BE. Let's see where it runs to!
- Shemski replied Apr 4, 2016
I haven't given up on the system. I just trade it manually. As a matter of fact, it is the only system I trade using indicators! My method has been stated many times in here. Let me know if you guys have any questions.
- Shemski replied Apr 3, 2016
Very interesting to see that your chart (most likely not set to GMT) is showing a big shadow candle where my chart is giving a similar signal. At the end of the day, they are both saying the same thing: Bulls tried to push the pair higher but failed!
- Shemski replied Apr 3, 2016
Any thoughts on this set up, anyone? The uptrend is still intact and that short bearish candle with the huge upper wick tells me that we might be headed south. We are sitting on some support, so if a break south is made, we could be in for a very ...
- Shemski replied Apr 3, 2016
No problem, first and foremost don't look for a mentor online. 99.99% of them are bogus. As soon as I ask for your money, run!!! LolGreat question but hard to answer. Learn support and resistance then look in to shooting and morning stars, kangaroo ...
- Shemski replied Apr 3, 2016
Yes! I always look for s/r and that is easier to spot on higher TFs.
- Shemski replied Apr 3, 2016
Here's another very interesting setup: Year to date on the H4 chart, we have seen this almost exact same pattern six times where a much much smaller bearish candle appears after a long bullish candle. Three out of six times a R:R of 3:1 was met. Two ...
- Shemski replied Apr 3, 2016
Pin Tails and Kangaroo Tails: url Please note that the Kangaroo Tail or Pin Tail candle needs to be bearish after a bullish candle in order to be avalid sign for a bearich reversal and the other way around for a bullish reversal. So the answer to ...