Technical Trading Setups Journal

Quote from Xspurt:

Thanks achilles28, I wanted to see if your candle reading skills were up to the job for making use of your multiple time frame skills. Unfortunately I am too pushed for time to take you on a course of speed speed candle set ups

If you Google single candle signal set ups you should be able to get what you need and I have covered some of this on the Dow thread.

Your question was relating to how I predict moves and it is part fast candle signals plus Hurst cycles.

Also using the techniques Cornix demonstrates here on multiple time frame analysis will keep you on the right side of the moves which is really the most important part.
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Alright, I will google it and check out the dow thread. Is this related to higher timeframe 2B patterns? Wednesdays euro "trade of the day" - long @ ~3180?
 
Quote from achilles28:

Alright, I will google it and check out the dow thread. Is this related to higher timeframe 2B patterns? Wednesdays euro "trade of the day" - long @ ~3180?
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No
 
Here is a common situation. We have 2B entry (4 bars before the entry shown on the chart below). But almost immediately as we enter, price bounces off the trendline and pulls back, forcing us to take the heat. Not very nice for one’s blood pressure, huh? :)

But if we wait for trendline bounce to fail (aka failed failure in Al Brooks terms) and giving us the second entry, which is also a trader’s trick entry into the 123 reversal pattern, we pick the spot, where price takes off almost immediately.

Of course, sometimes it just shoots right from the bottom or top, not giving this “Second Mouse” entry (as one good trader named it), but much more often it acts like it did in this case.

Watch for those and you will find saving yourself a lot of pips and money on the losing trades. :)

http://www.cornixforex.com/2012/03/123-reversal-vs-2b-reversal-some-observations/
 
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