thanks for indicator looks good,i started little test on H1 TF with default setting
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- #142
- Dec 5, 2017 2:43pm Dec 5, 2017 2:43pm
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
thanks for indicator looks good,i started little test on H1 TF with default setting {image} {image}
Can you share how or what you use to set Stop Loss / Take Profit?
Seems high to me for the 1 hour chart; I would use the projected daily high or low using ADR (50) as I find that can be excellent most time
Speaking of time, this signal right at New York first hour, which is when you would expect CAD traders to be active.
Bar was about 30 pips so it didn't make 2 to 1 yet, but not far off.
And has missed ADR by a pip or 2 so far; did you catch the USDCAD?
Good luck, John
It takes a lot for me to IGNORE you, but you can try.
- #144
- Dec 5, 2017 3:01pm Dec 5, 2017 3:01pm
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
thanks for indicator looks good,i started little test on H1 TF with default setting {image} {image}
It takes a lot for me to IGNORE you, but you can try.
- #146
- Dec 6, 2017 1:40am Dec 6, 2017 1:40am
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
Darn, didn't get to the charts early enough, should have been watching this daily signal breakthrough down on the 1 hour chart
Now it has made the ADR, could end up anywhere...
Now it has made the ADR, could end up anywhere...
It takes a lot for me to IGNORE you, but you can try.
- #147
- Dec 6, 2017 8:41pm Dec 6, 2017 8:41pm
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
{quote} Thanks Erebus. I have yes a long time ago, I think it may not be a bad idea to re-visit it again. Thanks for joigging my memory.
Now, this is only what I have picked up from Walter P's videos, not sure if any hard and fast rules would make it better or worse
But some guidelines are need to be able to code the indicator obviously
So, basically just an Inside Bar filtered by location eg. top or bottom third of first candle, with an alert
So my interpretation is that Candle 1 represents the Cliff which the Diver jumped off, Diver being represented by Candle 2. The Deep Water is Candle 3 and more hopefully (careful, don't drown the little guy)
So, is a filter required to check for longer than normal candles? Maybe, but for sure the Close has to be near the Low or High (what's it called in the UP direction?)
What is the largest Diver allowed? I have the impression that 33% of candle one is the criteria but could be user selectable I suppose
Entry can be usual breakout, stop loss as per user's trade plan / risk profile / back tested of course!
On this chart, red boxes are Inside Bars, already 2 successful setups and then the ACAPULCO
Good luck all
It takes a lot for me to IGNORE you, but you can try.
- #149
- Dec 7, 2017 3:01am Dec 7, 2017 3:01am
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
Erebus, it's called harami, works well in GBPUSD as trend continuation. Forms flag or wedge on smaller tf's. They are worth a shot, I found they worked less than 50% of the time on other pairs than GBPUSD on D1.
What is a 'Bullish Harami'
A bullish harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend. Since the bullish harami indicates the bearish trend may be reversing, it may be a good time to enter into a long position.
Also, the 2nd candle position is usually shown as centered within the Mother candle, like a bump, in fact, many sites point out harami means pregnant in Japanese. And the colors are usually shown as being opposite to reinforce the reversal signal.
The pattern I show is specifically with the lower or upper confines of the 1st candle as per my example and description already given
Thanks for your concern
It takes a lot for me to IGNORE you, but you can try.
- #150
- Edited 7:26am Dec 7, 2017 7:12am | Edited 7:26am
- Joined Oct 2015 | Status: Focused on the Results | 1,491 Posts
R:R "Percentage Focus"
