Yeah, I only use bar charts on this method, sorry.
Update on my trades EJ +86, GJ +112.....
Update on my trades EJ +86, GJ +112.....
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Disliked{image} Long EU same bar +5. NFP day so things could get funky later. Still in my EJ and GJ trades from yesterday +102, +132.Ignored
Disliked{quote} Nice plays this week, Hal. I don't mean to sound like your Jiminy Cricket but do remember that Japan will come back online next week and so I would be very, very, wary of giving into the temptation of holding any JPY pairs open over the weekend, if that is in your mind.Ignored
Disliked{quote} I thought that was a cricket. I have them on on 20 trailers Lem, so I am in for the rest of the year if need be. But I think NFP release will take me out at profit long before then. Yeah I nailed a few this this week, persistence pays off. Thanks...Ignored
DislikedGot it. Here is a real laugher.... I just checked the trades and I had never switched them to 20 trailers yesterday. The original stops were still on. No wonder I am still in them...Ignored
DislikedGot it. Here is a real laugher.... I just checked the trades and I had never switched them to 20 trailers yesterday. The original stops were still on. No wonder I am still in them...Ignored
Disliked{quote} i thought that, good "lucky decision" i do it similar with the second position and mostly let them run till the end of the day. no trailer.Ignored
Disliked{image} I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. Let me rephrase in the form of yes/no or true/false questions. 1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise...Ignored
DislikedThank you kindly I understand it was very silly to ask but it just give more visual If I may ask you please, based on Candle stick patterns please some one explain this system please If it distracts everyone then please kindly PM me and will be glad to know it Thanks in advance RIgnored
Disliked{quote} You don't need to know candle ''patterns''. This method is broken down into three questions: 1: Did this H1 candle make a new High? If the answer is ''yes'', then... 2: Did the H1 candle that follows that new High, candle #2, test and fail to make a higher High? If the answer is ''yes'', then... 3: Enter a SELL trade as price drops back and crosses the Open Level of Candle #2. That's it. Do the opposite for BUY trades. If the answer to Q2 is ''No'' and the candle #2 did make a newer High, then go back to Q1.Ignored
Disliked{quote} Hi, I have understood the rules. Same as your other thread. Let me ask you a question. Usually on a bearish trend, in Asia, before Frankfurt open the hourly bar makes a new high for the day and reverses. For example I am seeing GU pair which is bearish for many days. Do you suggest to look for hourly bar to make a new high for the day and next bar failure.? I mean one should look to sell condition ? If that is the case, do You suggest anything see trend? The rules of the system suggests both sides of trades. I have 200 EMA as trend setter...Ignored
Disliked{quote} It is clear, yes, but is it always good to trade in the trend direction? Trend : If today's hourly candle high is not broken the yesterday's high, then is bearish trend, can we call it?Ignored