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Reply With Quotehi bunda, i will gladly hear and learn on your ideas and comment you back with mine.
Remember what Sam Seiden says. Its also how price comes to your supply level. Are their educated Buyers or not so educated Buyers. Momentum is key....
Last edited by bunda_king; 11-04-2011 at 06:50 AM.
hi bunda, i will gladly hear and learn on your ideas and comment you back with mine.
yes.. I agree, Bunda you're right!! Just a question: do you use to find combination of candlesticks before place an order? Someting like :"wow! this is a good Butterfly! But wait, I need to find an EveningStar (or something else to confirm) before place the order.. "
That because of I try to do it, Kor4x indicator (I think it's something greater than an indicator) is really good, but I always try to find confirmations.
Originally Posted by JohnCapa
Thanks for your reply.. What I do is often scale in , so I put in my first position immediately then enter the rest on a reversal pattern. I like to get in with as little risk (stop loss) as possible so i can add more lots on to the trade. If my initial position goes against me I will lose max 10-12 pip... Sometimes my stop is only 5-7 pips.
Trade taken 1 day or so ago. USDMXN
TP= 3 to 1 or 50% of last swing Low to High
or Final S2 pivot
Last edited by bunda_king; 02-17-2012 at 11:53 PM.
IF I entered I would on the close of a bearish candlestick.
IF I entered I would on the close of a bearish candlestick.
SL=15
SL2=30 or R2
TP=100
TP2=135
or S1
Using past Harmonic patterns plus Demand level for a buy entry.
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