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Dislikedi think we need to come up with suggestions on when NOT to trade, even if there is a valid signal. in order to reduce the risk of false signals. you mentioned about when candles are too big, whipsaw etc. any other suggestions ?
all are welcome to make suggestions :-
also, we need to come up with a successful TP/SL combination that works best without getting stopped out. suggestions please:Ignored
DislikedHere you go, hav`nt read it all though http://www.forexfactory.com/showthread.php?t=172963Ignored
Dislikedbody should be 1/3 of the candle. this is true for all 3 candles. if body is less it shows indecisionIgnored
Dislikedwhen body is less it shows indecision, when its 0 its called doji
bigger body means the trend is good ,,,, always closing mattersIgnored
DislikedHi Ashraf,
I never realised how powerful the engulfing pattern was, especially when it engulfs 2 or more candles.
I have been applying it to the H1 time frame and lower (I trade just European open)
It works a treat. Cheers.Ignored
Dislikedhi
my signals for close of today are as follows:
GBP/EUR - long
USD/CHF - long
USD/JPY - long
EUR/GBP - short
are these ok ? just making sure iam following the system right.
regardsIgnored