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A Flying Buddha does this work?

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  • Post #1
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  • First Post: Edited Jul 18, 2018 8:06am Jun 6, 2018 10:15am | Edited Jul 18, 2018 8:06am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
A Flying Buddha is any candlestick which: Has a low above the 5 EMA, when the 5 EMA is above the 10 SMA (a bearish Flying Buddha); or Has a high below the 5 EMA, when the 5 EMA is below the 10 SMA (a bullish Flying Buddha).
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This is one of the original rules:
"If you are looking for a long trade, for example, and you see a bullish “Flying Buddha” candlestick appear, when the candlestick closes you can put an order for a long trade just above (e.g. 1 pip) the high of that candle"
My rules is just to use the Flying Buddha as a guide,i added more indicators and my insidebar rules. After bullish “Flying Buddha” candlestick appear, find a new or any old INSIDEBAR and put an order for a long trade just above (e.g. 1 pip) the high of that insidebar.You can Add any other indicator and your own rules before you place your trades.
FRESH weekly SIGNAL BELOW
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  • Post #2
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  • Jun 6, 2018 12:10pm Jun 6, 2018 12:10pm
  •  Zdrux
  • | Joined Jun 2018 | Status: Junior Member | 2 Posts
If you are placing trades based on some exotic candle stick patterns with multiple stipulations and funny names, you will have a bad time in trading. You are looking in the wrong places.

Instead of trying to look for these patterns, but not investigate WHY this pattern happened (or any other pattern)? This way you will understand how and why the market works the way it does; instead of trying to look at charts for some specific candle pattern that meets this very specific criteria.
3
  • Post #3
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  • Jun 6, 2018 1:31pm Jun 6, 2018 1:31pm
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
Quoting Pedroall
Disliked
A Flying Buddha is any candlestick which: Has a low above the 5 EMA, when the 5 EMA is above the 10 SMA (a bearish Flying Buddha); or Has a high below the 5 EMA, when the 5 EMA is below the 10 SMA (a bullish Flying Buddha). {image}
Ignored
I closed my short with over 1k in profits.
i will reenter short below this green bar

Closed P/L:1 260.20
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  • Post #4
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  • Jun 6, 2018 3:34pm Jun 6, 2018 3:34pm
  •  MariaEduard
  • | Additional Username | Joined Apr 2018 | 238 Posts
Quoting Pedroall
Disliked
A Flying Buddha is any candlestick which: Has a low above the 5 EMA, when the 5 EMA is above the 10 SMA (a bearish Flying Buddha); or Has a high below the 5 EMA, when the 5 EMA is below the 10 SMA (a bullish Flying Buddha). {image}
Ignored
Can I get your investor password please, I am really wanna see your long trading history.
  • Post #5
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  • Jun 7, 2018 4:32am Jun 7, 2018 4:32am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
#2 FB
closed profits USD$109.00
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  • Post #6
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  • Jun 7, 2018 4:54am Jun 7, 2018 4:54am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
When you see a FB use your own rules to :ENTER.EXIT. ST and TP
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  • Post #7
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  • Jun 7, 2018 6:04am Jun 7, 2018 6:04am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
fb 1
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  • Post #8
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  • Edited at 12:13pm Jun 7, 2018 10:34am | Edited at 12:13pm
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
today profits
Closed P/L:5 083.06
  • Post #9
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  • Jun 7, 2018 6:24pm Jun 7, 2018 6:24pm
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
Quoting Pedroall
Disliked
fb 1 {image}
Ignored
Reentered short Daily chart ell signal
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  • Post #10
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  • Jun 8, 2018 3:41am Jun 8, 2018 3:41am
  •  antonsatu
  • | Joined Aug 2009 | Status: Member | 420 Posts
This idea is one of the losing money idea.
  • Post #11
  • Quote
  • Jun 8, 2018 3:54am Jun 8, 2018 3:54am
  •  goodways100
  • Joined Dec 2013 | Status: Member | 609 Posts
Subs. Thanks and
Regards
  • Post #12
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  • Jun 8, 2018 10:48pm Jun 8, 2018 10:48pm
  •  cfudge
  • Joined Apr 2013 | Status: Member | 1,158 Posts
hi Pedroall this may be of interest to you, it's from the Millipede thread.

Chris

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  • Post #13
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  • Edited at 5:13pm Jun 9, 2018 3:42am | Edited at 5:13pm
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
adding inside bar lines and TL
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  • Post #14
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  • Edited at 7:53am Jun 10, 2018 7:13am | Edited at 7:53am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
AMD,RUT
CHART
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  • Post #15
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  • Jun 10, 2018 3:33pm Jun 10, 2018 3:33pm
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
trade for monday im selling short MAR
the price closed below the IB and below the TL
====================
IWM
Flying Buddah sell signal triggered by next bar rules
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  • Post #16
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  • Jun 10, 2018 11:48pm Jun 10, 2018 11:48pm
  •  Erebus
  • Joined Jul 2011 | Status: Member | 5,704 Posts
Quoting Zdrux
Disliked
If you are placing trades based on some exotic candle stick patterns with multiple stipulations and funny names, you will have a bad time in trading. You are looking in the wrong places. Instead of trying to look for these patterns, but not investigate WHY this pattern happened (or any other pattern)? This way you will understand how and why the market works the way it does; instead of trying to look at charts for some specific candle pattern that meets this very specific criteria.
Ignored
It's not a candle pattern, it's a price action recognition, and yes it works, just not all the the time

Same as any other indicator or method

The two most powerful warriors are patience and time. Leo Tolstoy
  • Post #17
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  • Jun 11, 2018 1:34am Jun 11, 2018 1:34am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
Quoting Erebus
Disliked
{quote} It's not a candle pattern, it's a price action recognition, and yes it works, just not all the the time Same as any other indicator or method
Ignored
I got the secret to make it work most of the time.
Last week I made over 12k real money .
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  • Post #18
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  • Jun 11, 2018 1:43am Jun 11, 2018 1:43am
  •  Erebus
  • Joined Jul 2011 | Status: Member | 5,704 Posts
Quoting Pedroall
Disliked
{quote} I got the secret to make it work most of the time. Last week I made over 12k real money . {image}
Ignored
BOOYAH, very good to hear that

Please share at least 1 chart to keep the dream alive !!!!

The two most powerful warriors are patience and time. Leo Tolstoy
1
  • Post #19
  • Quote
  • Jun 11, 2018 4:13am Jun 11, 2018 4:13am
  •  Pedroall
  • | Joined Mar 2018 | Status: Member | 179 Posts
Quoting Erebus
Disliked
{quote} BOOYAH, very good to hear that Please share at least 1 chart to keep the dream alive !!!!
Ignored
more test need to be done .
how do you trade the FB?
  • Post #20
  • Quote
  • Jun 11, 2018 4:28am Jun 11, 2018 4:28am
  •  Erebus
  • Joined Jul 2011 | Status: Member | 5,704 Posts
Quoting Pedroall
Disliked
{quote} more test need to be done . how do you trade the FB?
Ignored
Are you serious?

You claim to make $12,000 real trades profit, and yet you can't share even 1 chart?

Wow, how about a pair or timeframe, session even?

Any information, I thought that was the idea of a forum?

Cheers
The two most powerful warriors are patience and time. Leo Tolstoy
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