Smart Trading Partner...The Risk keep me trading...The Pips keep me coming....The Profit keep me going..."
Saturday, 23 June 2012
Fibonacci + CS Pattern
Hi all,
We do not buy/short just because it is at a common retracement level! Wait, and look for candlestick patterns to develop at the 38.2% area. If we do not see any signs of a reversal, then it may go down to the 50% area. Look for a reversal there. We do not know if or when the fx will reverse at a Fibonacci level! We just mark these areas on a chart and wait for signal to go long or short.
We do not buy/short just because it is at a common retracement level! Wait, and look for candlestick patterns to develop at the 38.2% area. If we do not see any signs of a reversal, then it may go down to the 50% area. Look for a reversal there. We do not know if or when the fx will reverse at a Fibonacci level! We just mark these areas on a chart and wait for signal to go long or short.
Just remember...Price is king. Wait for signs of a CS reversal before you initiate a trade!
Happy trading and good luck all...trade what you see not what you think!
Sunday, 17 June 2012
Bearish Reversal Candle
Pattern: Shooting Star
Validation:
* Occurred at top of the uptrend
* Next candle price trade below the shooting star
Result:
Price go down for more than 50pips!
Validation:
* Occurred at top of the uptrend
* Next candle price trade below the shooting star
Result:
Price go down for more than 50pips!
Saturday, 16 June 2012
Candlestick Trading Method
Rules
- Shooting star + Doji + Hanging Man
- Occurred after long hours uptrend
- Stop loss +10pips above the highest price
Rules
- Inverted Hammer + Hammer
- Occurred after long hours downtrend
- Stop loss +10pips below the lowest price
Result:
649% profit in 2 weeks!
No secret! Only used candlesticks pattern to enter the trade..
Note: Always put a stop loss or use martingale method as a recovery plan
Tuesday, 12 June 2012
Monday, 11 June 2012
Candlestick Trading Result
Latest Result from CS Trading Method. Guys, go ahead and learn CS trading method.. stick to the rules & trade what you see not what you think!
Sunday, 3 June 2012
Saturday, 2 June 2012
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