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Hi , thanks for all the member who helped out here , i really do think that this system can work. But looking back to the Euro/usd charts, a few bars back it seems to have a prefect setup, a gatley with spinning top, doji , i suppose that is a failed pattern. Any suggestion to confirm the trade at PRZ besides candlestick pattern?
The pattern on EUR/USD has been in existence for several days. I shorted the pair twice based on that pattern and, of course, was stopped out. I marked my entries with red stripes.
I also noticed that on a strong trend the patterns fail very often and price goes in opposite direction (for example, USD/JPY strong trend from 5 January up to 29 January 2007).
Can you advise when to enter the market? What are the conditions precedents to entering and the rules?
Thank you.
Quote:
Originally Posted by ziko123
our updated entry on EURUSD bearish pattern didn't get trigger which is good news coz now we have a higher entry
beware,daily and H4 of gbp also have bearish pattern, but i have lost on euro, so will wait for the market to move first before re-enter short position.
Linear Mode
