Hi joseph, can i use this method on big impact news? such as NFP news and others?
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Disliked{quote} Everyone with 99% testing skills is invited 2 join as 8th member my team! Knowledge will give you power, but extraordinaire Expert Advisors respect Reteid(modified from Bruce Lee) {image} {image}Ignored
Disliked{quote} Better check again... both are type two trades according to Joseph's strategy.Ignored
Disliked{quote} Hello, I still don’t see a setup on EURUSD or USDCHF W1 or D1 timeframes, as I understand the second strategy, the only difference from the first is that price closed above or below the previous days open and had not closed above the high or below the low. Maybe your using a different broke with a different bar opening time, I use GMT + 2..Ignored
DislikedHello, I've back tested EUR / USD & USD / JPY & GBP / USD for the past 2 years, each pair got stop loss triggered 1 or 2 times at max, but i used this rule (PUT trailing SL if 15+ Pips in profit). Overall, had around 65 winners, 6-7 breakevens, 4-5 losers.Ignored
Disliked{quote} Hi Inthebox, Thanks for the picture,but there is no outside bar(engulfing candle).Ignored
Disliked{quote} Sorry I deleted because the signal candle did not close below the open of previous day candle. If signal candle closes below previous day open, then this would qualify. What I am trying to say is Type 2 does not concern engulfing candle at all (whether is body only or high low) Type 2: 1. Rejection of previous day high. 2. Signal candle does not close below previous day low, but closes below previous day open. 3. Sell below previous day low. {image}Ignored
Disliked{quote} As I read it, there needs to be an engulfing candle, in post 1, Joseph say's: (if the signal candle has all the prerequisites), maybe he could confirm the type 2 setup.Ignored