Piercing Line Candlestick Trading Guide With Chart Examples

Trading Update: exited FET for 1.5% loss, into MVIS

I'm not quite sure what the best method is of letting you guys know what I'm doing with my trades. I try to be transparent (I posted about me exiting the FET trade this morning) but I also want you guys to be able to make your own informed decisions. Maybe at the end of the trading day, I can do a recap and then show you what I'm looking for tomorrow. Here's mine from today:

Overview for FET. This cypher pattern formed. I entered at $0.3580, not great entry but I was confident after seeing that little white reversal candle, second from the right, yesterday. Then today happened and I wasn't convinced while watching the price action and level two data. Just not much buy side pressure. I sold for really small loss this morning. Ideally today should've been a bullish daily candle, the start of that move up, but it just wasn't.
https://preview.redd.it/mn05wq0r8sz41.png?width=1828&format=png&auto=webp&s=62303d393d66a9a139dc8d4321eab489a6eb6f0e

Then this happened today:

https://preview.redd.it/i135hwa0asz41.png?width=1828&format=png&auto=webp&s=39372d64753ea7caee1cd02fdc2288fdff36c91f
Smaller timeframe for FET: This is called a head and shoulders pattern. I haven't seen it in a while but saw it when it formed. The target downwards is from the top of the head to the neckline. It just wasn't a good day for FET so I dipped. No worries on a 1.5% loss. It could go back up, but I trade off the charts and this one wasn't looking great today. So far we can consider my $0.5976 prediction a failure unless we see some strong bullish momentum tomorrow.

And I got into MVIS:

https://preview.redd.it/gnaycg42bsz41.png?width=1828&format=png&auto=webp&s=7bafe1b9ca6104f883f6bf7b4c243090a979ce71
That daily candle looks strong. It closed above the wick of the previous candle. The next resistance is the red line as a daily level of resistance, which you can also see that the price has already pierced it previously.


https://preview.redd.it/lpr7kcp9csz41.png?width=1828&format=png&auto=webp&s=8a0c1f1cf299f4e222d72f5119cbc48ad2f27415
15min chart. The first arrow, the price failed in the pennant pattern, but rebounded nicely in the afternoon. This is what caught my attention. I love fibonacci trading, so on the smaller blue arrow, I saw it bounce off a fib level and the fifteen minute candle that closed as bullish engulfing, I bought. Then it formed the rest of the pennant. Admittedly, this week I've been struggling with entries. I think this being my first week with webull is part of that, but maybe I'm just a retarded trader lol. I set my stop loss and take profits when I bought, and I've learned to never change those levels after I set them. It sucks but things can become way worse once you start moving your stop loss lower and lower. It is technically underneath a level of daily support, so that's good I guess. MVIS hit my previous target of $1.0346 (weekly resistance) today. If MVIS has downwards momentum and starts to break the $0.9513 level, that would be a bad sign. Although it did fail that pattern this morning and rebound nicely afternoon, so I'll assess things if that happens and might enter another trade here. Risk is standard 5% of my account

So that's what I'm doing. Currently 0/1 this week in penny stocks, but I made 5% in forex from betting on usd strength against jpy. So I'm still feeling good. Sorry there isn't a great way to notify my 1,000 followers about what I'm doing immediately. I hope this helps.
Cheers!
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I'm Tired of Revisionist History In Chart Analysis

I'm new to the Forex world, and trading in general. So I've been studying a ton of Price Action strategies, web sites, analysis, commentary, recommendations, strategies, and more. And it drives me nuts how the charts and pictures only seem to point out whatever the goal of the article wants to point out. It's like every single PA site goes back and finds the perfect chart for their explanation. For example:
1) The strategy article points out a SR line, and it's like CONCRETE. It's like a Titanium-laced guarantee of a reversal bounce that is ALWAYS reflected in the "lesson". Yet, in the real charts I've been practicing with, these lines are often pierced like water.
2) Fibonacci levels. The article will draw out 3 or 4 Fibonacci lines, and the price will go up to the 4th one, and they will say something like "look at the strong resistance at the 4th line, here's where you sell", and I'm thinking to myself "what about the 1st line, 2nd line, 3rd line"? OK, fine, maybe those lines are easy to pass. Then I'll see another chart where the author says "the price hit the 2nd line and decided it couldn't go further" as if the 2nd line was now an impassable barrier. It's like the articles just make up reasons to explain why a price went from one line to another. There are enough Fibonacci levels to support almost any "theory".
3) Psychological levels? So far, I've seen 1.20000000 act like 3.14159. Seriously? Do the authors find THE CHART that demonstrates their one point?
4) Bollinger Bands. The descriptions of Bollinger Band strategies are the worst. The article will be like "look how the price skirted the bottom band and came out right HERE". The author could point out HERE anywhere in the chart, and they come up with a "reason" it came out of the Bollinger Band range. And every time it's a different reason because that's what was needed to explain the particular chart.
Now, I'm not naive. I know the PA strategies work when interpretted with the right confluence, and that no single strategy can be taken out of context and acted on in the absence of other factors. But if I had a nickle for every pinbar that went the opposite way it was supposed to, I wouldn't be here.
So then I look at some "trading opportunity" lists on a site like Oanda. I figure lets apply these strategies to LIVE charts. Oanda's stats page show like 65% of the trade opporunities they list succeeding. They show pinbars, channels, ABCD formations, SR lines. I figure their experts have more experience than me, so they must know what they are doing. So I religiously do what their opportunities suggest on a demo account, and lo and behold, I don't win 65%. Are they making their stats up? It's just a little frustrating to read about all these strategies and in live charts see them work far less than any strategy article (or Oanda expert) professes.
[/rantover]
submitted by ffoorreexx to Forex [link] [comments]

[Table] IAmA 20 year old male with sickle cell disease. My life expectancy is 35.

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-06-08
Link to submission (Has self-text)
Questions Answers
Being in the hospital that many times, what makes the biggest difference in your perception of care that you receive? What makes the difference between a good hospital stay and a bad one? The fact that I live in Canada makes my life much easier. I really think I owe my life to free and socialized health care, I can't imagine having to pay for my stays, I'd be either broke or dead.
A good hospital stay is whenever I'm not perceived as a drug seekejunkie. A 20 year old black kid asking for heavy doses of narcotics always triggers an alarm. I've been refused care many times because of this, it sucks but there's not too much I can do about it.
Really now, You still get stigmatized as a junky even when they look at your history? Yup, it really doesn't bother me anymore. I try not to get mad over things I can't control so I just let it slide.
I've been refused care many times because of this. Can you be more specific about how you were refused care? In the US, an ER cannot legally refuse care to a patient for any reason. If it does happen, there are enormous fines and penalties. Not refuse in the literal sense, but they'd refuse to give me any medication to help with my pain.
Before you ask I do hope you mention that you have SCD right? Cause if you didn't tell me you had a disease and wanted narcotics yeah, I'd be hesitant as well.
So does that mean the 70,000 American people who are currently living with sickle cell disease are all broke and dead? Sorry for the dumb question, but by OP's logic that would be the case. Could someone ELI5 why the 70,000 people currently living with sickle cell disease in America aren't all dead or broke? Some people have scd but are rarely hospitalized. Other people such as my self can be hospitalized several times a month.
I try to hold judgement and whatever medications are ordered I will administer without any "are you sure you need that?" Or exasperated sighs but if you have any advice on better care of these people on a one on one nursing basis that would be great! And of course they know when their medication is due and they will ask for it because they NEED it. You'd understand if you knew the amount of pain they experience.
How has this changed your perspective on the world? Are there things you consider now, i.e. The meaning of life, ethical dilemmas, political crisis', etc. more or less important? What would you tell a 19 year old college student is something he should value? Also, what are possibilities of major advancements in the treatment of your disease in the next 15 years? This whole experience has really caused me to mature much faster than most people in my age group. Whenever I think about politics and international conflicts I really lose faith in humanity. There are so many things going on in the world right now that are absolutely futile and destructive towards our advancement as humans. We should be focusing on preserving this beautiful planet we live in instead of depleting it.
What advice would I give a 19 year old? Value your time. At 19 you have your whole life ahead of you and depending on the choices you make that will dictate how your future will turn out to be. Realize the outcome of your life is completely up to you and anything is really possible if you put your time into it.
How does that feel? Knowing that you have a limited life expectancy. Do you think it's fair? Fair? No.
But then again life isn't really fair at all, some people have it better than me and a lot of people have it worst. So I try not too think about it too much.
I might only have 15 years left, but that's enough time to build something that lasts forever.
Have you planned out how you want to live the rest of your life? As in, most people at 20 would look at what career they may want to do etc, but do you want to travel, work, spend time with family etc? I can't even begin to imagine what it must be like with a potential age limit put on your life. I know exactly what I want to do in life. I want to build something that will outlive me and serve other people way after I am gone. I'm a developer right now and make apps/websites for other people and get paid for it. It's amazing because I get paid very well to do something I absolutely love.
It sounds like your meds cost a fair amount, but you also get paid well, so I'm guessing you earn enough to have money left over. If that's true, it seems there is one bright spot in all of this. You don't have to worry about saving for retirement! I would be spending so much more money if I was in your situation. Admittedly, that doesn't mean your situation isn't a lousy one - it is. But, is there something you are going to do/buy, since you don't have to save for retirement?? I do make a decent amount of coin for someone my age. Then again, I don't value money or material goods as someone my age would. None of that really matters to me. I could buy a new car but yet I stick with public transportation.
Do you ever want to get married or have kids? or is that not really an option for you? I have the actual disease, most people only have the trait. However, I know its possible to live up to 50 - 60 even with SCD. My case is a bit different and severe than other people, a lot of family members died before they reached their 40th birthday, my mom being one of them.
Also I read on wikipedia that due to modern medicine people can live up to 70 years with this condition, do you have another form of it that makes your life expectancy 35? I haven't really thought about getting married yet or having kids.
Hey, just one or two quick questions! My grandmother runs a camp for children with cancer and blood related illnesses like sickle cell. Do you have any experiences with a similar camp? If so, do you have any comments or suggestions that could improve the camp experience for these children? Sorry, I've never attended any camps like the one your grandmother runs. I think it's very nice of her to do something like that. Tell her I said thanks.
How does the disease affect you on a daily basis? Are there certain foods /activities that make it better or worse? Alcohol is a huge no for me, which is fine I've never really liked being under the influence anyways. Staying hydrated is a also very important and getting enough sleep too.
Can you smoke weed? Smoke? No. But do I use cannabis? All the time, I have to actually.
It helps absolutely wonders and it's a great alternative to the harmful opiates doctors prescribe me. Cannabis has really helped me out in ways I can't describe, it's a wonderful medicine.
Thanks for the response. Which ways do you consume cannabis? Vaporizing and eating it.
Do you think it would help being implemented into your care during a hospital stay - say, in pill form? And have you brought that up with any docs? Not really, I already get judged enough when I ask for legal medications. Asking for Cannabis is a step I am not willing take.
Do you have a girlfriend? If not are you afraid of not finding love? Love is the least of my worries, haha.
Could you ELI5 how this disease affects you? Biochemically? I'm curious because I've studied it in Biology classes but only along the lines of phenotype diversity. Okay, I am not a doctor and I am horrible at science but I will give it a shot.
Also, do you just have mad anxiety about what you can do? I'm not talking about long term plans, but rather like, "Can I go do something for four hours today without something bad happening?" I produce blood cells that are hydrophobic meaning they don't absorb water as they should. This causes some my RBC to collapse on themselves and adopt a sickle shape. These sickle cells then get clogged in my capillaries, arteries, and veins and interrupt the flow of blood to certain parts in my bodies. When that happens I don't get oxygen to parts of my bodies that should and my brain signals me with pain.
Which people in your life help you the most? Friends and family help me out a lot, also business clients that help me pay the bills and the cost for my medications.
What kind of things do you build/create? Anything from short stories to Android apps and websites for my clients.
If you don't mind me asking, what are your religious beliefs and how do those reflect on your given situation or your shortened life expectancy? Not religious at all. I do believe there is something greater than us, but I do not associate myself with any religions.
What is top of your bucket list? Contribute to developing a cure for the disease.
How'd you feel about your own education, and with that pursuit of a career? I graduated high school but I decided not to pursue college. Instead I spent time learning valuable skills like programming, web development design, graphic design etc...
I make $2,500 - $3,000 every month working from home and everything I needed to learn was available on the internet for free. No crippling debts and no loans. I don't regret my decision not to attend university one bit.
Nice. What languages do you know? English, Arabic, French, and a bit of Spanish.
If you meant programming languages: Java, Javascript, Php, MySQL, Ruby, Python, C#, C++...
Are you taking hydroxyurea? If so, has it helped? If no, why not? I am taking Hydroxyurea, and yes I believe it helps wonders. It works by increasing the production of fetal hemoglobin in your body which are blood cells that don't sickle.
A medical expert would probably be able to explain it a bit better.
It's helped a lot.
Have you participated in clinical trials associated with sickle cell? Would you be interested in doing so? Sure, I'd love to participate in tests/clinical trials. Anything that will advance the medical field and help find a cure I am willing to take part ini it.
Edited to ask: Have you considered gene therapy/transplant? Never considered any sort of transplant. I hear a bone marrow transplant is a feasible option to getting rid of SCD, never really considered or looked into it.
My friend's son has a form of sickle cell and his was eventually cured through chemotherapy and a bone marrow transplant. Would something like that work for you? Is it something you're planning to do eventually? Possibly, but from what I hear it's very risky and there's several complications that come with a transplant.
I had a friend from high school a few years back who has sickle cell, I haven't talked to him in a while. Is the life expectancy generally the same for most people? Also I've never really heard him talk much about hospital visits, could he just have a milder case than you do? It varies a lot. I have a cousin that has SCD but he barely has any crises at all. Then again, I also have another cousin that's been in the hospital for 3 months now because of his SCD.
What has been the single, happiest moment of your life? It's too early to say.
Off topic question relating to your name: Are you also a FOREX Trader? Thanks for doing this AMA it's quite inspiring to see how your dealing with your challenges :) Yep, I was into currency trading a while ago. Anything that allowed me to make money without a job was in my interest at the time.
Forgive my ignorance but is the pain like say one of your extremities falling asleep, where it feels like thousands of piercing needles?? I can't really describe the pain too well. Just imagine someone putting a lot of pressure on a specific part of your body. Like a boulder on your back that keeps getting heavier and heavier by the minute.
What is your favorite type of food? 'Merican food.
What happens if you get a transfusion of regular blood? Increases my hemoglobin but can also lead to an iron overload or something like that. Transfusions aren't that practical for people like me.
Why not take lots of drugs and try to become spiritual as heck with the time you have left? I do experiment with drugs every now and then. I won't overdo it.
Would a bone marrow transplant cure you? It could, but there's a lot of things that could go wrong too.
I'm not sure if this question may be perceived as rude or not, but if there was a cure for Sickle Cell Disease, would you take the cure, and if do, what would you give to have it? I'd definitely take the cure.
Are you african-american ? Would you prefer to live longer and risk getting malaria or live to 35 and be sure to never get malaria ? Malaria isn't exactly my main problem since I'm in Canada.
Last updated: 2014-06-12 16:54 UTC
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Candlestick Patterns  Bullish Piercing Line How to Trade the Piercing Line Candlestick Pattern Forex Binary Option Strategy Piercing Line Candlestick Pattern PIERCING LINE - CANDLESTICK PATTERN What Is A Piercing Line Candlestick Pattern And How Does It Works In Malayalam? Piercing Line Candlestick Pattern - Reversal Candlestick Patterns Every Forex Trader Needs To Know Piercing Line Candlestick Pattern Strategy

The piercing line pattern consists of two candlesticks, which suggests a potential bullish reversal within the forex market.This piercing pattern should not be used in isolation but rather in ... Piercing line patterns are very common in a forex chart. You could see several of this in a chart at a time. And given that the piercing line pattern is an indication that the bulls are ready take over the market, these patterns present opportunities for profitable trades. 0 Forex Piercing Line Pattern Reversal Strategy. Here’s a simple short-term forex trend reversal strategy based on a Piercing line pattern. A Piercing candlestick pattern occurs when a green bullish candlestick (close above open) on the second day closes above the middle of the first day’s bearish candlestick (close below open). Piercing Line (Kirikomi) The Piercing Line pattern is opposite to the bearish reversal pattern Dark Cloud. The bullish reversal pattern Piercing Line appears when a downward trend prevails in the market. It is a two-candlestick pattern. The first candlestick is black and it indicates a downtrend. The second one is long and white. It opens on a new low and then closes above the midpoint of the ... Die Piercing-Line beendete eine Reihe von sechs aufeinander folgenden bärischen Kursstäben.; Ungeachtet dessen bot die Candlestick Formation wenig Grundlage für die Erwägung einer Position. Aber in diesem Fall trat das Muster zusammen mit einer bullischen RSI Divergenz auf und daraus ergab sich ein bullischer Trendwende-Trade als interessante Möglichkeit. The Piercing Line pattern consists of two candlesticks, that suggests a potential bullish reversal.. The candlestick pattern is likely named piercing because of the way the white candle’s close “pierces” through the midpoint of the previous black candle. The Piercing Line pattern involves two candlesticks with the second candlestick opening lower (or gapping down) than the previous candle. The Piercing Line stopped a series of six consecutive bearish bars.; In isolation, the candlestick pattern offered little basis for considering a long position. But in this case, the pattern occurred together with a bullish RSI divergence, and as a result, a bullish reversal trade became an attractive option.; Unlike the earlier examples, there was no immediate follow-through.

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Candlestick Patterns Bullish Piercing Line

I created this video with the YouTube Slideshow Create and content image about Piercing Line Candlestick Pattern, candlestick chart ,piercing pattern ,candle... Link do grupo no telegram https://t.me/joinchat/GCWAjUQJV_TZXiHDEuLO4g inscrevam-se no novo CANAL do EAD $HEIK trades https://www.youtube.com/channel/UCRJotr... Piercing Line Candlestick Pattern is made up of two candles the first one is red candle and second one is green candle. Piercing Candlestick Pattern symbolizes a bullish reversal pattern ... Piercing Line Candlestick Pattern (Uptrend) "The Piercing Line pattern" - trading strategy that helps to determine the upward reversal on the downtrend (consisting of two candles). Candlestick Patterns: Piercing Line Strategy. http://www.financial-spread-betting.com/course/reversal-candlestick-patterns.html PLEASE LIKE AND SHARE THIS VI... Candlestick Patterns Bullish Piercing Line #Forex #Forex_strategy #Candlestick source: https://bit.ly/2LEinKe ★★Best Binary Broker List★★-----RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK This pushes up and closes above the mid-point of the range of Day 1 - this gives us the piercing line. We have a lot of supply coming in, pushing in follows thru the next day, all of a sudden this ...

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