Disliked{quote} hi mhingarola i am the only one with greenred system but its ok , i insist.....Ignored
great, it would be awesome if you share charts often. You are sharing now, which is highly appreciated.
Thanks
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Disliked{quote} hi mhingarola i am the only one with greenred system but its ok , i insist.....Ignored
DislikedHello dimdel Could you please explain clearly the entry rules for green/red strategy in post#1 (I highlighted in red where I'm confused)? 1) Do you enter on every candle or just when there is a candle change? 2) If the new candle open at middle of the previous candle what do you do? 3) when you wait for new signal? 4) etc... I understand the pending long/short on the high/low of the previous candle and the TP but I'm really confused about your entry rules. Thanks Merka {image}Ignored
Disliked{quote} Merka, 1. On D1, use every candle. On H4, use every candle OR only color change, whichever you prefer. 2. It does not matter if the open is in the middle of the candle. You wait to see if it breaks the high or low of the closed candle. If the setup is for buying, you place a buy stop at the high of the closed candle. If the setup is for selling, place a sell stop at the low of the closed candle. 3. If the setup is for buying but the low of the closed candle is broken, you wait for a new signal. If the setup is for selling[/highlight]...Ignored
Disliked{quote} Thanks DrDave Your explanation is almost clear to me but I didn't understand the highlighted sentence at point 3 specially where you say "... the low of the closed candle is broken ..... the high of the closed candle is broken". Do you mean what I shown in the EUR/USD chart at 05/08/2016 where the bearish candle is a sell set-up but also is breaking the high of the previous candle? Thanks Merka {image}Ignored
Disliked{quote} Merka, 1. On D1, use every candle. On H4, use every candle OR only color change, whichever you prefer. 2. It does not matter if the open is in the middle of the candle. You wait to see if it breaks the high or low of the closed candle. If the setup is for buying, you place a buy stop at the high of the closed candle. If the setup is for selling, place a sell stop at the low of the closed candle. 3. If the setup is for buying but the low of the closed candle is broken, you wait for a new signal. If the setup is for selling but the high of...Ignored
Disliked{quote} Here are my poor drawing when Im going for work for DrDave explanation, the first situation is when the candle is green and it close in the middle, you must place the pending on the top of the candle, however the price does not reach and drop and close in Red, so buy stop does not trigger Second situation is just the opposite where the close candle is red and you sell stop at the bottom but the price went up so the sell stop does not trigger The last is when you place the stop either side depend on the close candle color but the place does...Ignored
DislikedLong On EURNZD 4 H, We also had a daily Color Change on this one yesterday. The high of the setup bar was broken when i saw this one, but price pulled back below the high to trade to the mid point of the set up bar. When price takes out the high again, i'll be in this one {image}Ignored
Disliked{quote} I'm now long EURNZD, booked first profit. Now in trade management mode {image}Ignored