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  • #101
  • Sep 19, 2017 8:11am Sep 19, 2017 8:11am
Quoting reteid2222
{quote} No Magic 4 me 2! What do U mean with 2 x risk for profit? How much pips for TP? {image} {file}
Yes well done (look at EURUSD on H4)
  • #102
  • Sep 20, 2017 8:44am Sep 20, 2017 8:44am
Quoting reteid2222
{quote} No Magic 4 me 2! What do U mean with 2 x risk for profit? How much pips for TP? {image} {file}
Hi Reteid,
Appreciate if you could share how to read this indicator.
Tq
  • #103
  • Sep 29, 2017 9:16pm Sep 29, 2017 9:16pm
Quoting atheer1
{quote} This is a good example of the importance of the rule buy at the high of candle 2...........in this case this was not met.........and did you notice that if you take the bull candle you labelled and the bear candle after it was a sell trade according to the rules.................in fact I am happy that you mention on of the examples of momentum trading........win rate is good as you take setups at good levels

Salam Alikum Atheer1

Thank you so much for this great thread from your side .

I have just read doc file attached
I think example shown does not satisfy conditions for buy, as two candles in box have wicks and touches 10 pip lines
Am i right ?
  • #104
  • Sep 29, 2017 9:19pm Sep 29, 2017 9:19pm
Quoting atheer1
{quote} This is a good example of the importance of the rule buy at the high of candle 2...........in this case this was not met.........and did you notice that if you take the bull candle you labelled and the bear candle after it was a sell trade according to the rules.................in fact I am happy that you mention on of the examples of momentum trading........win rate is good as you take setups at good levels
Dear Atheer1

Can you give me a link or a thread to learn more about "momentum trading"

I will be thankful so much.
Thank you in advance.
  • #105
  • Edited 10:12pm Sep 29, 2017 9:22pm | Edited 10:12pm
Atheer1

In attached doc file in first post ,
I think example 10 does not satisfy conditions for a sell order , because two candles have wicks touching 10pip lines

Is that right ?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 137 KB
  • #106
  • Sep 29, 2017 9:40pm Sep 29, 2017 9:40pm
Quoting simba2000
Atheer1 In attached doc file in first post , I think example 1 does not satisfy conditions for a sell order , because two candles have wicks touching 10pip lines Is that right ? {image}
Hi Simba,
I have found that reading the document while looking at Atheer1's charts helped me understand. The green candles Wick reaches up and crossed the 10 pip grid. While the red candle wick does not reach down and touch any grid. A perfect setup for a sell.
Trade what "Is", not what "If".
  • #107
  • Sep 29, 2017 10:13pm Sep 29, 2017 10:13pm
Quoting 4xu2
{quote} Hi Simba, I have found that reading the document while looking at Atheer1's charts helped me understand. The green candles Wick reaches up and crossed the 10 pip grid. While the red candle wick does not reach down and touch any grid. A perfect setup for a sell.
Hi 4xu2

Thank you for your reply
Example 10 not 1 , this was a mistyping mistake from my side , i corrected

May be you are correct , let atheer approve or clarify more

Thank you again
  • #108
  • Sep 29, 2017 10:20pm Sep 29, 2017 10:20pm
Dear Atheer,


SL issue and consideration :

Please look to attached chart and give me your opinion
I mean , we have to put sl few pips away from low/high , is that right ?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
  • #109
  • Sep 30, 2017 8:43am Sep 30, 2017 8:43am
Quoting simba2000
Atheer1 In attached doc file in first post , I think example 10 does not satisfy conditions for a sell order , because two candles have wicks touching 10pip lines Is that right ? {image}
In no magic bear setup.............we are paying attention to the upper wick of the bull candle and lower wick of the bear candle so in ex 10 it was touch no touch bearish setup................it was right
atheer1
  • #110
  • Sep 30, 2017 9:10am Sep 30, 2017 9:10am
Quoting atheer1
{quote} In no magic bear setup.............we are paying attention to the upper wick of the bull candle and lower wick of the bear candle so in ex 10 it was touch no touch bearish setup................it was right
Thank you for clarification

How about cases : y/n , n/n, y/y, n/n ?
  • #111
  • Edited 10:04am Sep 30, 2017 9:21am | Edited 10:04am
Quoting simba2000
Dear Atheer, SL issue and consideration : Please look to attached chart and give me your opinion I mean , we have to put sl few pips away from low/high , is that right ? {image}
This is the daily chart simba.............. UJ 2 bars of 31/8 (bear) and 1/9 (bull)................. NO/Yes..................price next day open with a gap lower than the setup and take the low of the 2 bars....................only at 13/9 the high of 1/9 was reached again.............so little bit strange to take this trade..................as buy setups not triggered by reaching high of the 2nd candle and instead reaching low and making LL.................ideally stop should be below LL...............which is not practical in this example..................If I have to take this trade based on those 2 bars I will put my stop at the low of 12/9 which was the bar closing the gap for more practical stop on the daily.............
atheer1
  • #112
  • Sep 30, 2017 10:53am Sep 30, 2017 10:53am
Quoting atheer1
{quote} This is the daily chart simba.............. UJ 2 bars of 31/8 (bear) and 1/9 (bull)................. NO/Yes..................price next day open with a gap lower than the setup and take the low of the 2 bars....................only at 13/9 the high of 1/9 was reached again.............so little bit strange to take this trade..................as buy setups not triggered by reaching high of the 2nd candle and instead reaching low and making LL.................ideally stop should be below LL...............which is not practical in this example..................If...
Atheer1

[1]
According to examples in doc file i catched this opportunity , and according to your last update about setup conditions for sell and buy ," for buy we care about lower wick for bear candle and higher wick for bull candle" i see this is not a valid buy or sell opportunity according to last rule update, am i right ?
Is there is an update from your side about y/y, n/n, y/n and n/y for this case ?

I think buy and sell setups need a revision or more clarification from your side, may be i am right or wrong.
[2]
For sl , why you take low of candle 12/9 , because it is the candle which fills the gap ? when i take take that sl , i was just thinking with rules for this method

Thank you in advance for your clarification and help
  • #113
  • Sep 30, 2017 11:02am Sep 30, 2017 11:02am
General rule:

2 bars reversal works when it indicates fading momentum on one side and increasing momentum on the other side...........
atheer1
  • #114
  • Sep 30, 2017 11:09am Sep 30, 2017 11:09am
Quoting atheer1
General rule: 2 bars reversal works when it indicates fading momentum on one side and increasing momentum on the other side...........
Attached Image (click to enlarge)
Click to Enlarge Name: MT1.png Size: 33 KB
atheer1
  • #115
  • Sep 30, 2017 1:37pm Sep 30, 2017 1:37pm
Quoting simba2000
{quote} Atheer1 [1] According to examples in doc file i catched this opportunity , and according to your last update about setup conditions for sell and buy ," for buy we care about lower wick for bear candle and higher wick for bull candle" i see this is not a valid buy or sell opportunity according to last rule update, am i right ? Is there is an update from your side about y/y, n/n, y/n and n/y for this case ? I think buy and sell setups need a revision or more clarification from your side, may be i am right or wrong. [2] For sl , why you take...
yes you are right this was not a setup.................

It is valid R breakout...............I said if I have to trade based on this level breakout(not related to the method) I would choose to put my stop there thinking only of daily chart ................
atheer1
  • #116
  • Sep 30, 2017 1:57pm Sep 30, 2017 1:57pm
All bar reversal types can be traded Y/N,N/Y,Y/Y,N/N when they carry the element of changing momentum from one direction to another.......N/N setups by its innate nature are usually but not always devoid of this element................Y/Y setups require more experience to read momentum behind bars close.........and that its why I included the 1st two Y/N and N/Y setups in this method both have this momentum element more clear...........
atheer1
  • #117
  • Sep 30, 2017 2:10pm Sep 30, 2017 2:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: ex17.png Size: 94 KB
atheer1
  • #118
  • Sep 30, 2017 2:35pm Sep 30, 2017 2:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: ex18.png Size: 52 KB
atheer1
  • #119
  • Sep 30, 2017 2:58pm Sep 30, 2017 2:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: ex19.png Size: 41 KB
atheer1
  • #120
  • Edited 9:23pm Oct 4, 2017 9:12pm | Edited 9:23pm
Dear Atheer1

This is a very interesting thread
Continue please

We are waiting for : y/y , n/n examples


Thank you in advance
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