The Clear Method Discussion

Previous GbpChf sell get whip -56 pip sl hit.

Moving on...

New Trades I see today:

Normal Setup on NzdUsd
- Price above weekly support 2 Line
- Good Demand Zone. I have high hope for this trade.
- Clear Candle shown

Action: Buy NzdUsd and pray




Normal Setup on everyone Favorite: EurUsd
- Good Demand Zone. I have high hope for this trade.
- Clear Candle shown

Action: Buy EurUsd and pray




Normal Setup on EurCad, AU, AudCad
- Decent Demand Zone.
- Clear Candle shown

Action: Buy EurCad, AU, AudCad and pray

Haven't input for a while but spot a nice opportunity for good win...

No SL because I am betting big orders, do I look like I want to be stop hunt lol?

Oh I Decided to add a new Indicator So it help determine daily average ranges.
Summer time we have low volatility and small range.
It's best that you know this so you can set stop loss 1.5x higher than Daily Average Range #
The Average Daily Range.mq4 can be download from the 1st post.

I set TP high because just case random spike hit, but I am only expecting it to go up 45 pip today on GJ

Normal setup on GbpJpy,
- Demand Zone ok
- Daily S1 bounce

mm...

GJ trade target hit (lucky probably lol )



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I so far I have been thinking about this method, I do have lose and have win but mostly loss due to my stoploss. But the more I think about it I think I am doing this wrong. If you ever look at "any real pro trader analysis they alway use Daily chart" even warrant buffet will not touch a 4hr Stock chart.

I think because I play on the 1hr TF for "fast sake" so result was "not great as I expected." So I decide to "really look at the Daily Chart applying Clear Method.



It look like Daily TF really work better. I already can see in my mind what I need to do to profit more now (note: I already doing well in forex already without using clear method.. it's just I am really greedy. I want more Fast $ and something that can apply to 5 min timeframe).
I am looking some what create a 5min system with this idea hopefully it will work out.

Just in case people are wondering the finished 5 min system will never be distribute... but I'll give a hint, my favorite scalp system has alway been Fx prime (looking tweak it to the max).

mmm

Spot a nice Clear Signal on GbpJpy. Price Bounce at the 4hr channel

Action: Buy GbpJpy and pray

I've explored the clear method many times in great depth with many other indicators. I find it doesn't give much edge if any.