Comments on: Simple Trick Trade setup http://SingaporeForexBlog.com/forex/simple-trick-trade-setup FX Trading for the Common Man Mon, 12 Jul 2010 05:23:56 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Seeni http://SingaporeForexBlog.com/forex/simple-trick-trade-setup/comment-page-1#comment-6162 Seeni Sat, 27 Feb 2010 00:37:40 +0000 http://SingaporeForexBlog.com/?p=431#comment-6162 Ying Wai, Thanks for commenting. We are not specifically looking for spinning tops. We are looking more for reversal candles. This can be an oustide bar, long shadows depicting failure of strength. However, all of the above are signs to get in. Then again, what exactly are we to look out for; 2 things; 1) Looking for a movement AGAINST THE OBVIOUS trend. This is very important. What has been the obvious trend, this reversal "trend" will be against that trend. 2) Timing. We are looking at Eur market closing hours and NY Lunch-Post lunch hours. This may span between anything from 10pm-1am. Also, in the E/U chart you had mentioned, the exact candle i am looking at is at 1600 hrs. Looks like circling of the area isn't a good idea. I should have used a pointer instead. Further to this, it happened again last night. The reversal candle took place at about 1700 hrs(FX Primus data) on all majors and at about 1800 on USDCAD. Ying Wai,

Thanks for commenting.

We are not specifically looking for spinning tops. We are looking more for reversal candles. This can be an oustide bar, long shadows depicting failure of strength.

However, all of the above are signs to get in. Then again, what exactly are we to look out for; 2 things;

1) Looking for a movement AGAINST THE OBVIOUS trend.
This is very important. What has been the obvious trend, this reversal “trend” will be against that trend.

2) Timing.
We are looking at Eur market closing hours and NY Lunch-Post lunch hours. This may span between anything from 10pm-1am. Also, in the E/U chart you had mentioned, the exact candle i am looking at is at 1600 hrs. Looks like circling of the area isn’t a good idea. I should have used a pointer instead.

Further to this, it happened again last night. The reversal candle took place at about 1700 hrs(FX Primus data) on all majors and at about 1800 on USDCAD.

]]> By: Wong Ying Wai http://SingaporeForexBlog.com/forex/simple-trick-trade-setup/comment-page-1#comment-6159 Wong Ying Wai Fri, 26 Feb 2010 20:25:01 +0000 http://SingaporeForexBlog.com/?p=431#comment-6159 Hi Seeni, Thanks for the tip. However, I really don't understand the charts that you show in this article and how to trade it. What should I be looking for? I only see that there seems to be quite consistent that there is a spinning tops candle (long wisp on boths end with small body in middle) at 16:00 (10pm SG time) (also it happened at 14:00 (8pm SG time) today. I don't really see much consistency in trend reversal in the examples. You also show trend reversal for EURUSD on 12th at 12:00 which I think is a bit too early? I must be seeing the wrong things. It may be kind of basic for you but could you explain further? Thanks. Ying Wai Hi Seeni,
Thanks for the tip. However, I really don’t understand the charts that you show in this article and how to trade it. What should I be looking for? I only see that there seems to be quite consistent that there is a spinning tops candle (long wisp on boths end with small body in middle) at 16:00 (10pm SG time) (also it happened at 14:00 (8pm SG time) today. I don’t really see much consistency in trend reversal in the examples. You also show trend reversal for EURUSD on 12th at 12:00 which I think is a bit too early?

I must be seeing the wrong things. It may be kind of basic for you but could you explain further?

Thanks.
Ying Wai

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