Good call Dof! Did you have a set T/P or did you wait for the trend to continue before you exited? I hope you had some long positions on that one as well... Happy Pippin'! D.

Trading Naked - Reading Candlesticks and other Price Analysis

You are more than welcome howard. Just capitalizing on the recent interest in other threads Take care and happy trading, D.

Trading Naked - Reading Candlesticks and other Price Analysis

I'm with you on this one Steve... Stochastics is also showing overbought so who knows. Keeping fingers crossed. D.

Steviet's Live Trades!

Hi Steve, Being Canadian I must apologize profusely for the lack of movement on the CAD. I broke open my piggy-bank this morning and cashed in some bucks at the bank - I figure this should lead to a breakout reflected in the prices hopefully ...

Steviet's Live Trades!

GBP/JPY was activated long this morning, and up 48pips to boot at this time!! Go pips!! D.

Part Time Wealth Building Trading System - Weekly Scalping

Hi JPinSD, Sorry I meant to post a reply to this yesterday. The first 8 weeks of January are great. After that there is a fairly large period of inactivity (sideways movement) where we get chopped out a whole lot. 3 March to somewhere around mid ...

Part Time Wealth Building Trading System - Weekly Scalping

Hi Permanentjaun, This is what I am going to be doing for a bit. I had a buy activated on GBP/JPY overnight & gained 60+ pips. I moved to original entry +10pips (to cover spread) this morning. Will see how things transpire. Take care, D.

Part Time Wealth Building Trading System - Weekly Scalping

Hi Grillbritt, I hope somebody can find something useful here Anybody else have something to show us?? Feel free to post... Take care, D.

Trading Naked - Reading Candlesticks and other Price Analysis

Oops.. I just fixed an error on that last chart. 'Bullish' Candle should read 'Bearish' Candle needing another candle to close below the doji's for confirmation. Thanks to bundyraider for pointing that out! I'll try to proofread a bit better Take ...

Trading Naked - Reading Candlesticks and other Price Analysis

Doji's & Spinning Tops & Reversals Oh My! — There have been a few comments about 'Doji's'. For those following this thread, Doji's occur quite often - they are when the open and close of the candle are at the same price (or relatively ...

Trading Naked - Reading Candlesticks and other Price Analysis

I am still undecided if I should stick with trend trading at this point. I am placing trades similarly to Steve, but am using confirmation before I enter. On another site, somebody did about 2 months or so of candlestick trading - an experienced ...

Trading Naked - Reading Candlesticks and other Price Analysis

Hey no problem. I checked out that site.. some great info! It will take some time to look through but I seem to have it lately. Take care, D.

Trading Naked - Reading Candlesticks and other Price Analysis

Hi Dof, Thanks for the input! Strange but the more I look at charts, the more this stuff seems to hold true and pop out at me. Some good examples there. Confirmation/correlation is king! Happy Trading, D.

Trading Naked - Reading Candlesticks and other Price Analysis

Yes, let's keep our fingers crossed - that and the Yen! I'm short in both... I have tested a lot of the systems here. I find I always end up incorporating candlesticks & other price action... making me think I should do all my trading naked Don't ...

Trading Naked - Reading Candlesticks and other Price Analysis

Thanks Steve, Heck, you were the catalyst lol As for your trade setup... as they say, sweeeeeeet! Wish I'd been around to catch that one! That's another way to confirm action for sure - check a different time frame for confirmation. Sounds like this ...

Trading Naked - Reading Candlesticks and other Price Analysis

lol Depends for me! D.

Trading Naked - Reading Candlesticks and other Price Analysis

Two more candlestick patterns to be aware of: Engulfing patterns are two candle patterns indicating a strong chance of reversal. This is one of the major patterns to look for in candlestick trading. A Bullish Engulfing pattern occurs during a down ...

Trading Naked - Reading Candlesticks and other Price Analysis

Hi Ken, Thanks for the tip! I think I'll stick to one photo per post - that should do it! Take care, D.

Trading Naked - Reading Candlesticks and other Price Analysis

Hi Athalon, This could very well be a double top. If you'll notice, the second bar from the right has the same open and close price. This is known as a Doji in candlesticks which by itself signifies indecision (buyers and sellers are in balance). If ...

Trading Naked - Reading Candlesticks and other Price Analysis

Hi Jody, Thanks for the vote of confidence, but I think you may be confusing me for somebody else. Is there another Daemien out there?? Hmm... my wife would be most distressed to find this out (she can only handle one ) Take care & I look ...

Trading Naked - Reading Candlesticks and other Price Analysis