DislikedI would enter trades #2,4,5,6 and 9. The remainings are opposite pinbars or long wicks in the wrong direction. Hope this helps..Ignored
You would take 4 but not 8? even though 8 has a higher wick making it more pinbarish.
The7 Trading Method Signals Thread 136 replies
are you referring to the last candle? if so the rule says it wouldn't be a valid bar:
Here are the rules: Do not trade only 1 pair. Use your money management and positions wisely and allow room for as many pairs as possible. The point here is that we want the winners to outrun the losers..
[i][color=blue]Place a 5 EMA High and 5 EMA Low on the chart. Short when red candle closes inside the channel, long when blue candle closes inside the channel. [color=red]Closing candle has to open outside the channel...Ignored
DislikedYes I was referring to the last bar.
Good point Risingsun, that would also invalidate the Nzd/Usd long although I know The7 has a thing for Pin bars.Ignored
DislikedMy trades so far this week:
NZ/US - 75
US/CH + 51
CH/JP + 2
If I were to close every trade now, I'd be up +216 in less than a week. If this were to prove consistent, then there really is something in this strategy. Time will tell, but it's certainly got my attention.
DislikedThere's definitely something wrong with this system chaps.....I'm currently up 528pips todayIgnored
DislikedIt's great to hear that someone else is enjoying some success with this. I'd love to see a breakdown of where your 528 comes from, to compare notes, if you could spare a few minutes to provide the details.
The trades are on my trade explorer and are all still open at the moment. I've been pretty loose with the rules though in that all trades we're opened according to the rules but I've then managed the trades. There were a couple where I should have reversed but I moved stop instead.
I'm going to spend some time rereading this thread and backtesting on this system to try and come up with some fixed rules for myself.Ignored
DislikedI could not spot any fresh trades today except Gold. I trade on Alpari UK. Could anyone else kindly confirm?Ignored