Shooting Star and Hammer 21 replies
Oil shooting for 2 cents a barrel 5 replies
(False) Breakout & Trend Reversal Strategies?? 12 replies
Expertise needed: Discriminating Shooting Star? 10 replies
Are we close to TREND REVERSAL? 5 replies
can you share that tool with me please.
my email [email protected] ([email protected])
Thanks in advance
DislikedThe upper shadow displayed is one of the longest since around Aug 16th (last temporary trend reversal). Confirmation bearish bar at the end still needed but otherwise looking good (will be confirmed in a day).
Any other confirmations (fundamental + technical) are appreciated. Please post if you disagree!
Looking at a possible temp correction... the bulls may be out of breath for now.Ignored
DislikedDAMN!!
I had several shorts from 1.4180, and I was waiting to see a Long correction, but that Chinese comments just killed me, when it reach 1.4720 my account just vanished!
It is what happen when a person use BIG SL against the trend!!!
In my opinion we can see here a 50% Fib Correction from 1.3350 to 1.4750 to around 1.4050, it is about 700pips, here it is where I will go enter to long positions, but I will see where the price is at Daily RSI 50.00.
NO MORE SHORTS in this pair!!! I was killed by them, now I guess if I go long here, I hope then not to see what I was waiting to see here, that is finally a TREND REVERSAL in 2008 and see this pair again at 1.20's.
It is really a mess, those times we are living in forex, for a medium-long term trader I think it is a nightmare!!Ignored
DislikedI have a colleague who has been personally mentoring me on the Forex market. He is a very successful trader and has been training me for a couple hours per week. Prior to working with him, I had been taking a beat down since I only relied on chart setups and didn't really understand what was driving the price action. "The trend is your friend" is a fine mantra and is definitely true, but when you understand what is driving the trend or in the event of a correction what is motivating the correction, you are in a better position to determine the appropriate timing of your trade. Whether that be with a shooting star or some technical indicator, you will be in a more confident position where you have technicals and fundamentals both supporting your entry.
You may be able to reduce your stop-loss to 50 pips or 20 depending on how well your entry is timed.
Just some thoughts to help a brother out!!!Ignored
DislikedI have a situation and is seeking some advice, my employment does not allow downloads however, I do have access to the internet. Is there a site I can access on the net and look at charts without having to download. You help is much needed. Thanks LynnIgnored
DislikedSince so many of you want the MM tool i decided to upload it. All credit goes to the author, he did a great job. I use this on a daily basis and i love it!
URL to get the file ---» http://www.mediafire.com/?ex9b9gxrtzx
PS: Guys, please let me know if it's usefull for you
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