Aliassmith Beats a "Dead Horse"

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cheunt3
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Re: Aliassmith Beats a "Dead Horse"

Postby cheunt3 » Thu Jan 06, 2022 2:11 am

prochargedmopar wrote:Alias,

See what I'm talking about with those "hanging men".?

Price into something, Hanging man (or inverted hammer)
Next bar close proper direction.

#aj.JPG


If you don't mind me butting in, but I've been practising combining candles in my head and I've been looking at hanging men, shooting stars, dojis, inverted etc ... It's actually amazing to see pin bars and engulfing patterns everywhere at tops and bottoms if you combine stuff, it's amazingly very common:

bear pin 1.png
bear pin 1.png (6.71 KiB) Viewed 205 times


pin2.png
pin2.png (9.61 KiB) Viewed 205 times


pin3.png
pin3.png (15.47 KiB) Viewed 205 times


hanging4.png
hanging4.png (11.96 KiB) Viewed 204 times


Mighty said this before "If you do not combine candles then you have learned nothing up to this point"

He said this in the context of a higher time frame than 5 min but from I've been trading it works everywhere. He was always and has always tried to get us to see context, by combining, to see the overall pic. I now get why he was so cryptic with his lessons because he wanted us to see past singular candles.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Re: Aliassmith Beats a "Dead Horse"

Postby cheunt3 » Thu Jan 06, 2022 2:21 am

And if it helps your brain, understanding the psychology of the hanging man doesn't hurt too:

"The Big players (Institutions) who were previously long, slowly start to sell a part of their positions. At this point, the FOMO (Fear of Missing Out) buyers step into the market. These buyers simply enter the market because of their fear of missing out on another strong uptrend. These FOMO buyers often end up being the last buyers towards the end of a trend.

A Red candle after a Hanging Man may scare the FOMO buyers and the selling may escalate as both the big players and the FOMO buyers start to sell together. The Big players sell to exit their positions and the FOMO buyers sell as their stop losses are hit. If a red candle comfortably closes below the lows of the Hanging Man, it's safe to assume that the buyers on this Hanging man were in fact the FOMO buyers."

Personally, if you see a pin, single or combined at the top or bottom, and like alias and lem are always banging on about, just trust pin bars.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Re: Aliassmith Beats a "Dead Horse"

Postby dojirock » Thu Jan 06, 2022 2:49 am

I have always been a big believer that a typical single candle chart is a fools map to know where. Its outcome is a herd mentality heading to the slaughter.
using multiples of 2x as much as 6x gives you the over all view of the what's really going on. under 2x is like trying to read a book with your face a inch away from the page. I recall a very much respected trader from this realm stating that multiples of 2 to 5 give all the clarity you really need (you know who you are). Can you efficiently read a book a couple inches from your face? What about 6 feet from your face? If looking at a chart with single red and green candles were a true reflection of traders psychology, everyone would make money, which we all know is impossible. Colors don't matter, and as said before many times, reading single candles, wicks are the deception, bodies show the way.
It always takes Momentum to break Momentum!
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"Once you stack, you'll never go back!"

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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Thu Jan 06, 2022 2:56 am

cheunt3 wrote:And if it helps your brain, understanding the psychology of the hanging man doesn't hurt too:

"The Big players (Institutions) who were previously long, slowly start to sell a part of their positions. At this point, the FOMO (Fear of Missing Out) buyers step into the market. These buyers simply enter the market because of their fear of missing out on another strong uptrend. These FOMO buyers often end up being the last buyers towards the end of a trend.

A Red candle after a Hanging Man may scare the FOMO buyers and the selling may escalate as both the big players and the FOMO buyers start to sell together. The Big players sell to exit their positions and the FOMO buyers sell as their stop losses are hit. If a red candle comfortably closes below the lows of the Hanging Man, it's safe to assume that the buyers on this Hanging man were in fact the FOMO buyers."

Personally, if you see a pin, single or combined at the top or bottom, and like alias and lem are always banging on about, just trust pin bars.


If you listen to ICT,
Buyers and Sellers DO NOT move the market.

Half the planet could be buying and if the program is offering price lower.
It's going down. LOL

For me if price is at Something then hanging men and inverted hammers can be beneficial to either confirm direction or give an advanced entry/smaller SL.

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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Thu Jan 06, 2022 3:02 am

Inverted hammer at "something" H1 chart.
No close below.
All 3 check marks are a buy in my playbook.

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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Aliassmith Beats a "Dead Horse"

Postby TheRumpledOne » Thu Jan 06, 2022 3:26 am

cheunt3 wrote:
prochargedmopar wrote:Alias,

See what I'm talking about with those "hanging men".?

Price into something, Hanging man (or inverted hammer)
Next bar close proper direction.

#aj.JPG


If you don't mind me butting in, but I've been practising combining candles in my head and I've been looking at hanging men, shooting stars, dojis, inverted etc ... It's actually amazing to see pin bars and engulfing patterns everywhere at tops and bottoms if you combine stuff, it's amazingly very common:

bear pin 1.png

pin2.png

pin3.png

hanging4.png

Mighty said this before "If you do not combine candles then you have learned nothing up to this point"

He said this in the context of a higher time frame than 5 min but from I've been trading it works everywhere. He was always and has always tried to get us to see context, by combining, to see the overall pic. I now get why he was so cryptic with his lessons because he wanted us to see past singular candles.


Those are PRICE TURNS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Thu Jan 06, 2022 3:49 am

Inverted hammer and close above but wasn't meant to be.
The close below Lots of somethings showed the way. Continuation.

#aj3.JPG
#aj3.JPG (71.59 KiB) Viewed 145 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Aliassmith Beats a "Dead Horse"

Postby dojirock » Thu Jan 06, 2022 3:59 am

I will leave you with this. Night ya'll
Screenshot 2022-01-05 225836.png
Screenshot 2022-01-05 225836.png (81.4 KiB) Viewed 141 times

Doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: Aliassmith Beats a "Dead Horse"

Postby cheunt3 » Thu Jan 06, 2022 4:16 am

prochargedmopar wrote:Inverted hammer and close above but wasn't meant to be.
The close below Lots of somethings showed the way. Continuation.

#aj3.JPG


Not at the charts so not sure if that was an inverted hammer but:

invertedHammerPro.png
invertedHammerPro.png (73.59 KiB) Viewed 131 times
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Re: Aliassmith Beats a "Dead Horse"

Postby cheunt3 » Thu Jan 06, 2022 4:25 am

Could be like this, right Pro? :-k

invertedHammerPro - Copy.png
invertedHammerPro - Copy.png (73.33 KiB) Viewed 126 times
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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