Suggestion WRRP Strategy world No.1 in forex

[lia786]

what is candlestick confirmation???

pin bar is good rejection and full body candle show a sign of reversal thats it

 

[lia786]

what is candlestick confirmation???

here rejection candle and rejection confirm candle if we look in 28 pairs this setup and take trade we will never loose how much effort and energy we waste in finding bullshit it will require few minutes but we are lazy

 

[hemmy]

actually i was trying to scalp but didnt get profit because of greedy i could get 10$ easily but i thought it will go more down and its went 5 pips oposite.. now i have only 5 pips profit but i use traling stop that i moved my SL just above 4 pips.. this means if price hit SL and i will get only 4$ and close trade.. :-(

 

[lia786]

actually i was trying to scalp but didnt get profit because of greedy i could get 10$ easily but i thought it will go more down and its went 5 pips oposite.. now i have only 5 pips profit but i use traling stop that i moved my SL just above 4 pips.. this means if price hit SL and i will get only 4$ and close trade.. :-(

if you want scalping this strategy will not help this is for long trades execution and patience and solid determination require its not suitable for scalping

 

[hemmy]

i am

here rejection candle and rejection confirm candle if we look in 28 pairs this setup and take trade we will never loose how much effort and energy we waste in finding bullshit it will require few minutes but we are lazy

yes you are right we lazy but but i try my best to candlestick like that as you share on screen shoot but that candle should make on support and resitance zone rights??? pin bar and full candlestick mean reject + exhaustion

 

[hemmy]

if you want scalping this strategy will not help this is for long trades execution and patience and solid determination require its not suitable for scalping

ofcourse i want tention free position take position then rest.. please can u tell me more about rejection and confirmation candle

 

[hemmy]

is this correct rejection and confirmation?

 

[lia786]

rejection and confirmation candle only valid in bigger time frame H4,DAILY,WEEKLY,MONTHLY for small time frame its nothing just misguide

 

[lia786]

In small time frame it has only importance if it struck with weekly support or resistance and make reversal pattern , without any support and resistance strike it has less worth

 

[hemmy]

okk got it we should have support and resitance on higher time fram and if we find rejection and confirmation candle on that support and resistance then take position right??

 

[hemmy]

hi lia how are you doing?? please can u check audusd how long it will go down?

 

[lia786]

hi lia how are you doing?? please can u check audusd how long it will go down?

Did you notice downward movement of EURUSD it will give a final push toward 1.172 and if this push will be powerfull to break than raining start ...........

 

[lia786]

Breakout of this box will decide where to go but before this AUDUSD wlll remain range move up and down up and down may take few weeks to break this box already covered by upper and lower trend lines

 

[hemmy]

hi lia can u check eurusd

 

[lia786]

you make good sell entry

 

[hemmy]

can you please check it how long it will run down i have two TP option first target 1.16385 and the second target is 1.13835 this level.. what do you think???

 

[lia786]

too early to say you should focus on current scanario as in daily chart price already bounce and if it will not break previous low level than it can bounce we should take profit as soon as possible and look for other option

 

[lia786]

price can bounce any time as strong base already formed in daily so take care of short position

 

[hemmy]

on 4h chart price broken support zone and retest it with pin bar and stong bearish candle two time... should i keep holding or just take profit what i am getting now??

 

[lia786]

yes very interesting situation price is rejection from top and bottom no clear direction to take trade i think we should take profit and wait for clear positon