WHAT IS THE MOST POWEFUL CANDELSTICK REVERSAL PATTERN?

Discussion in 'Systems and Methods' started by ForexisLIFE, Dec 17, 2018.

  1. ForexisLIFE

    ForexisLIFE Well-Known Member

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    Opinions please.
     
  2. TheGMan

    TheGMan Member

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    To me, it is the Hanging Man & Inverted Hammer you will find them on all pairs & all time frames. It's the "Tell"
     
  3. ForexisLIFE

    ForexisLIFE Well-Known Member

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    Thanks for the reply.
     
  4. TheGMan

    TheGMan Member

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    No problem. I have attached a few examples.

    As I mentioned these patterns are good on any pair & any time frame. Also, these patterns are simply double tops & double bottoms M's & W's on their lower time frames & have great R/R with many having very little to zero draw down on your trades.

    HM  IH 1390.png
    2018-12-28_133355 NU mthly.png
     
  5. TheGMan

    TheGMan Member

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    Another example... 13,550 pip drop off a Hanging Man.

    2019-01-11_202449.png
     
  6. vtrader21

    vtrader21 Member

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    Wow, where can I learn more about this?
     
  7. TheGMan

    TheGMan Member

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    Nothing much to learn, just trade them. As I mentioned you'll find them on every pair & every time frame. Take no heat...if it's not going in the intended direction get out with very low DD & always be ready to get back in if they come back into play.

    It's the "Tell"

    G
     
  8. ForexisLIFE

    ForexisLIFE Well-Known Member

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    Babypips is a great place to start and it is free.
     
  9. johngerwin

    johngerwin New Member

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    3 pin bar reversal
     
  10. PhoebeGovernor22

    PhoebeGovernor22 New Member

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    1. The Hammer or the Inverted Hammer. The Hammer is a bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend. ...
    2. The Bullish Engulfing. ...
    3. The Piercing Line. ...
    4. The Morning Star. ...
    5. The Three White Soldiers.
     
  11. jack

    jack Administrator Staff Member

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    Bar patterns are very machine readable.. makes any edge found there muted if there at all. Many software packages can test bar patterns against any data you toss at it.. most anything yielded fails to cover frictional costs in trading.

    If you employ them.. they should some trigger for entry / exit, not the signal itself. (For example, you know you want to go long when some support line is tested.. price goes down to said support line and you see a blow-off bar / price rejection at that level, this is your trigger to enter. You otherwise may not know or feel confident on WHEN to execute your long idea.)
     
  12. Sizwe

    Sizwe New Member

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    Engulfing and Dominant candles at SR levels and SnD zones. Hanging man patterns are also part of engulfing candles
     

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