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Trading Candlestick Patterns on Weekly Charts
Started Aug 11, 2016|Trading Journals|5 repliesI prefer morning and evening star variations, so I will be posting those. Blue line is where ...
- themanderson replied Aug 11, 2016
100% agree with you. The only way to find what works for you is to endure the things that don't. I use this strategy because it is low maintenance. It begins with analyzing charts just before or after market open. I don't leave the weekly charts ...
Specialize in only one market
- themanderson replied Aug 11, 2016
I honestly can't quantify the amount of hours I've spent in front of charts. I quit my job 7 months ago to dedicate my time to trading. When I was using the market maker method I would spend at least 3 hours in front of the screen and up to 10 ...
Specialize in only one market
- themanderson replied Aug 11, 2016
Flipping through the daily, 4 hour, 1 hour, 30 min, 15 min, 5 min, and 1 min will give you conflicting signals at best.
Weekly and Monthly TF trading - Wow!
- themanderson replied Aug 10, 2016
I think that is one way to learn how to become a trading expert. You could master a single pair and then try out other pairs. Price action and market structure tends to be the same across all pairs. Session timings and daily volatility would be ...
Specialize in only one market
- themanderson replied Aug 10, 2016
Catching any reversal pattern at the apex is nearly impossible on any time frame. Any one who is actually placing those trades is out of their mind.
Price Action with the Weekly Chart for Massive Profits
- themanderson replied Aug 10, 2016
The lower time frames never gave me overall profit. I'd win some and I'd lose some. That was most likely due to user error but I just couldn't seem to make enough on lower time frame movements. 10 pips here, 50 pips there, then a loss of 10, loss of ...
Weekly and Monthly TF trading - Wow!
- themanderson replied Aug 10, 2016
Shunfeng, what a great thread! My experience with candlestick patterns has been a double edged sword. They work and they do not work just like every thing else when it comes to forex. I have found that morning star and evening star variations on the ...
Shunfeng's discussion about candlestick patterns (two candles)
- themanderson replied Aug 10, 2016
Completely agree with OP. Wish I would have grasped this when I was first starting out. I expected a method to work all the time and would lose my mind when it didn't. So much so that I almost quit trading because I couldn't find and indicator that ...
Technical Analysis Fallacy
- themanderson replied Aug 10, 2016
I think it depends on the method you have developed. I use them because I hold certain assumptions about the market, my personality, and the way I prefer to trade. I know people who don't use them and it works out just fine for them.
Trading without stop-losses