CL Redux

I am still learning to man the charting software and how to send pics here. I wonder how to include more than one pic/message. :confused:

anyway using : trendlines + elliottwave 123-12 + candlesticks
on daily we had:

1) breakout from a range, then bullflag that broke out. did 123 impulse.
Reached 104, then did 12 corrective.
2) from there breakout pullback was a success and headed to 104 and above. Made a lower high, and the red did 123, impulsive. , then correction as expected.
3) but the correction turned into a bull leg. then bull leg had a 12 correction. Then it attempted to start teh second leg 123. But got stopped at 104 , did a 12 correction ( pullback). attempted to resulem up , but got stopped at 104 again. where the reds came in and from there we were in a no man's land , as in the form of a triangle.

I have been reading the thread. Nearly finished.
Still learning to trade in the trendline+ elliottwave123/12 + candlesticks style.

I did not include the candles analysis, as I am gathering the candles patterns list :)
 
10 minutes chart : big tail up.
the important support level at 99.2

==> possible "luck" trad here : put sell stop order at 99.19 , with a stop of 0.03 , to be tighten to breakeven as soon as it get hit by chance.
 

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So I have the name of this candle. It looks like an "evening star" highly reliable reversal candle :cool:

so I am putting a limit order there as well. to sell it just below the price level , with a 0.02 stop
and a target to 100.2
 

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I like this approach :)

So on 1 minute, we hgaeve the price level pf 100 that meets the lower channel line. so we could buy there with a small stop.

BUT , because I am just starting with this method. I am going to put a limit order on my DEMO
 

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:mad: Looking to 1 minute, I realise there us another line to add at 100.2

so need to watch this price as well.

Let me look to the reversal bull candles. so that if I see one around 100.2 of 100.0 I know I need to buy. :)
 

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okay... so I am waiting on 100.02 or on 100.01 for these
highly reliable bullish reversal candles:

- abandonned baby : red - doji-green
- morning star : red-doji-green
- three inside up: red-gren-green up
- three outside up: red-green-green up
- 3 white soldires

Now patience zzzzz
 
:mad: need to learn how to enter trades with this software.
missed the 100.02 long : red+green-green up

Need a better list of candles. as here I had 3 candles to wait for. May be a list of 2 candles or just one :D
 
I am tired. need to zzzzz. I like this approach. The main problems are:
1) need to know the candles
2) need to know the patterns
3) when counting 123 impulse - 12 crrection, possibility of error if bulls or bears
4) need to be quick when drawing.

Off now.
Will keep working at it, and learning how to use the software.
 
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