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Quote from cvds16:

don't think it was exactly a real pin bar, but more like hammer
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Well, you know I don't differ them much (yoohoo even asked me to forget "seeing" Pins LOL), but always liked and traded hammers. :)

Anyway, good trade it was!
 
Hi guys, just in and going to bed but didn't want to go before saying, did you have the blue line on your chart? When you see the green close like this at 1.566, with just a perfect tail sticking above the T/L it should ring alarm bells.

Look at the 1 min consolidation above the line and memorise how the break of the line on the 1 min is still perfect in a bigger timeframe.

The the 1 hr pointing down was cash cow again. When you learn the swings you can trade less until your skill level is high enough to take pretty much every minor wave that's at least 10 points in amplitude.

Enjoy your w/e and I will catch up Monday.
 

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Have a nice w/e yoohoo and all, it was a good week, let's rest well and make some homework to make the next week even better in both profits and something new to learn. :D
 
Great charts to look at. Wow,so trendline analysis can even be precise in the 1 minute chart.....?!....

it looks like that chart showed big alarms as you say, is that also because those horns happened right at the blue trendline ...and ...on the hour's ending?


have a good w/e everyone.
T
 
Quote from yoohoo:

Hi guys, just in and going to bed but didn't want to go before saying, did you have the blue line on your chart? When you see the green close like this at 1.566, with just a perfect tail sticking above the T/L it should ring alarm bells.

Look at the 1 min consolidation above the line and memorise how the break of the line on the 1 min is still perfect in a bigger timeframe.

The the 1 hr pointing down was cash cow again. When you learn the swings you can trade less until your skill level is high enough to take pretty much every minor wave that's at least 10 points in amplitude.

Enjoy your w/e and I will catch up Monday.
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Something for Blue Monday -
I'm sure yoohoo you mentioned it somewhere else before:
the blue line - is it a PP or what else?

Thanks - :cool:

Ch.
 
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