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    Thread: Reversal pattern

    1. #1
      My pips hand is weak
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      Thumbs up Reversal pattern

      1. trend line broken
      2. lower high in an uptrend, or a higher low in a downtrend.
      3. break below the previous low in an uptrend, or above the previous high in a downtrend
      At point 3 the reversal is confirmed and everybody's brother is getting short.
      A stop run often follows to re-test the penetration at point 3.
      Quicker traders may get short at the X, or even closer to the 2 based on other indicators (divergence, Fibonacci retracement, Bollinger band touch, etc.)


    2. The following 4 users say Thank You to seunsly for this useful post.

      gulaksarker (10-17-2014), howie (04-23-2011), klarsbng (02-04-2011), tunna (02-08-2011)

    3. #2
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      no problem i try it it the best reversal pattern i know it will work well for me just take to the rules thanks .


    4. #3
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      dou u use tp and Sl in pips , or just a levels ?
      To old dog to be screwed by young puppies


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      tunna (02-08-2011)

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      this strategy look good i will try it on my demo


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      tunna (02-08-2011)

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      Mr seunsly please on this strategy reversal pattern how many pips is certain to be taken once the signal shows up.so that one can be specific when trading.


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      no response seunsly or are u not sharing with us again


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      According to me, RSI is one of the best trading analysis which predict the reversal pattern of any particular currency pair
      Reading RSI is very easy and new comers can easily predict the time and situation of reversal


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      I think doji & Hammar, shooting star are good reversal candlestick patterns, and also the pin bars, inside bars. Yes RSI could be good for more confirmation about the patterns.
      But i have notice sometimes doji it self doesn't work in mad market.
      IntraQuotes.com


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      Quote Originally Posted by Cashcube View Post
      I think doji & Hammar, shooting star are good reversal candlestick patterns, and also the pin bars, inside bars. Yes RSI could be good for more confirmation about the patterns.
      But i have notice sometimes doji it self doesn't work in mad market.
      What is pin bar & inside bar?
      I'm newbie so i don't know about it.
      Will you teach me about it...
      Thanks before, i'm really appreciate it...


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      Quote Originally Posted by seven_razor View Post
      What is pin bar & inside bar?
      I'm newbie so i don't know about it.
      Will you teach me about it...
      Thanks before, i'm really appreciate it...
      Here you go.

      http://www.online-stock-trading-guid...rt-pattern.gif
      http://www.profitableinvestingtips.c...es/pin_bar.jpg

      pin bar is more like hammer,

      An inside is a bar where:
      - The high is lower than the previous bars high.
      - The low is higher than the previous bars low.
      A bar which fits inside the next bar.

      >>Posted the links for helping someone.No advertising issue.
      IntraQuotes.com


    15. The Following User Says Thank You to Cashcube For This Useful Post:

      seven_razor (02-12-2011)

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