Friday, August 24, 2018

Candlestick Psychology Friday August 24 2018


CAD/CHF

Start of purchase: 21:17 (UTC+8)

Trend: Uptrend

Previous amount: $102.21

Today amount: $105.41



Total wins: 4 =$3.2

Total lost: 3 = $2.4

Total income: $3.2

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1st trade: (Win)




  • Put because the wicks touch strong resistance
  • I tried counter trade
  • Previous bullish candle touch strong resistance

Closeup:




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2nd trade...(Win)



  • Put because previous shooting star wick don't break strong snr
  • Counter trade
Closeup:



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3rd trade...(Lost)


  • I put because i thought its continuation but hammer
  • Forgot the buyers area
  • Next-time focus on candlestick (Solution)
Closeup:


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4th trade...(Lost)


  • I call because of previous candle is strong bullish
  • Last 3rd candle is bearish hammer buyers are
  • Engulfing Pattern
Closeup:




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5th trade...(Win)


  • I put because its a marubozu candle and near strong SnR
  • I saw rejection
Closeup:



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6th trade...(Lost)


  • I call because i though of pass bullish
  • Forgot that its sellers area and the wick and previous candles
Closeup:


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7th trade...(Lost)


  • I thought its a continuation downtrend sellers area
  • I forgot the pass hammers as buyers area 

Closeup:


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Self-explanatory:

  • Learn to focus on buyers and sellers area
  • Good job you know what is strong SnR
  • Learn to watch the pass story of candle and wicks


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