These tips also from the mailing list ... Fxtrader traders Richie_Investment
This trick applies only to find profit in the usual pair E/U and G/U experienced a 'bull saturated' and there does not apply the 'Bearish saturated'.
That we take advantage here is that United States economic condition is good, which can make the movement direction of the steep turn when the E/U and G/U bull saturated. And we think that the movement turn in the direction Bearis saturated due to an error United States itself, not the severity of the impact of European economic data is good.
we take the example E/R. Using the charts in the Meta4, please see the pair E/U on daily chart (D1), and use of candlestick. Zoom chart so that level 3 from the smallest level of MetaTrader charts. Input indicators RSI (14).
Well, now we make the agreement:
1. chandle stick empty = Candle stick bulish (closing price on the open 1 day trading)
2.Candle stick shaded = Candle stick bearish (below the closing price open for 1 day trading)
Aphasia is a bull market:
See the charts daily.
later if we get the empty candlestick with RSI conditions (14)> 65 in the follow the candlestick shaded by the next day, then note the position of high 2 in the candlestick. High position is the highest position for saturated trends Bull at that time. the technical he will be very heavy to penetrate level the trading session in three days (third candlestick), which means he must be consolidated first down, if he is still there to want to penetrate level is high.
On the third day if we get the market moving to a position of high candlestick that shaded, it is interesting that position for us to do Sell. Although traders in the world, said: "It is mad I still Bullish!".
Please check colleagues on the daily chart for the E / R. If you look at it a little cases rarely succeed Candlestick third menyentu high candlestick shaded. But try to check E / U 25 January 2006. candlestick successfully reach the third candlestick high level of the shaded. Here we successfully book profit 200 PIP only 1 order and hold the position overnight.
This also applies to pair G/U, but is usually more radical movement, I use the position stoploss a very wide (generally 50 pip). However, if the pattern candelick formed empty-shaded, where RS1 candlestick empty> 65 days in the third.
we take the example E/R. Using the charts in the Meta4, please see the pair E/U on daily chart (D1), and use of candlestick. Zoom chart so that level 3 from the smallest level of MetaTrader charts. Input indicators RSI (14).
Well, now we make the agreement:
1. chandle stick empty = Candle stick bulish (closing price on the open 1 day trading)
2.Candle stick shaded = Candle stick bearish (below the closing price open for 1 day trading)
Aphasia is a bull market:
See the charts daily.
later if we get the empty candlestick with RSI conditions (14)> 65 in the follow the candlestick shaded by the next day, then note the position of high 2 in the candlestick. High position is the highest position for saturated trends Bull at that time. the technical he will be very heavy to penetrate level the trading session in three days (third candlestick), which means he must be consolidated first down, if he is still there to want to penetrate level is high.
On the third day if we get the market moving to a position of high candlestick that shaded, it is interesting that position for us to do Sell. Although traders in the world, said: "It is mad I still Bullish!".
Please check colleagues on the daily chart for the E / R. If you look at it a little cases rarely succeed Candlestick third menyentu high candlestick shaded. But try to check E / U 25 January 2006. candlestick successfully reach the third candlestick high level of the shaded. Here we successfully book profit 200 PIP only 1 order and hold the position overnight.
This also applies to pair G/U, but is usually more radical movement, I use the position stoploss a very wide (generally 50 pip). However, if the pattern candelick formed empty-shaded, where RS1 candlestick empty> 65 days in the third.