Thursday, August 23, 2018

Candlestick Psychology Thursday August 23 2018


USD/NOK

Profit %: 81 Percent

Uptrend

Strong SnR

HeadandShoulder? or M Pattern?


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1st trade...(Lost)



Because i saw some rejection of bearish with a pattern of HARAMI.


  • Call (Lost)
  • Wait for the wick to go down below the SnR before you call (Confirmation)
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2nd trade... (Lost)




  • Doji means indecision
  • Put in your mind the previous bullish is a buyers area
  • No Resistance or sellers area and new HL means new momentum 


Closeup...




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3rd trade... (Win)



  • Previous strong bullish bar so call (Win)
  • No sellers area


Closeup...

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4th trade... (Lost)



  • Previous 2 bar are strong bullish and uptrend
  • If uptrend breakout is not strong expect that pullback bearish for wick (confirmation) 

Closeup...



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5th trade... (Lost)



  • Past candle is weak bullish and upperwick not perfect breakout expect a pullback
  • So make a put (Solution)

Closeup...




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6th trade...(Lost)



  • Bearish spinning top indecision (Risky trade)
  • Wait until a pullback go down on resistance
  • SnR is intermediate call if you saw a bullish 2nd breakout (Solution)

Closeup...



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7th trade...(Lost)




  • Call when a wick is go down below the previous candlestick
  • Call after a bullish breakout (Bonus solution)

Closeup... 

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Self-explanatory:

  • Middle SnR distract my trades
  • Before and after trading investagate
  • Search for a strong SnR
  • Stop thinking of perfect trades
  • Focus on every single candlestick  




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