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Higher Edge within a Single Candlestick

  • #2,161
  • Jan 28, 2018 8:17am Jan 28, 2018 8:17am
Quoting jmn5611
{quote} Aren't line charts of closes awesome?
Yes. They are the best. Learnt that from Graeme :-) But not looking at charts at all is even better (for entries).

I still can't help peeking into charts for exists from time to time...especially during floating loss. I will get there soon to become as chartless trader. The ultimate Nirvana moment of enlightment!!!
Staying in my lane...
  • #2,162
  • Jan 28, 2018 8:20am Jan 28, 2018 8:20am
Quoting IenDzi
{quote} So with what data I should do my testing?
Don't test at all. My strategy cannot be backtested. I have been forward testing and tweakibg it for past 2 yrs. This is my first year going live (after a small account last year)
Staying in my lane...
  • #2,163
  • Jan 28, 2018 9:01am Jan 28, 2018 9:01am
Quoting alphadude
{quote} Good luck; VEEX and others tried many tricks; and CP caught them by the bunch. I think CP will be so disgusted that he will reveal his system for all of us
What made you think that i am from your class What make's you think that i want the system from CP CanT i appreciate the hard work done by someone you got to have a broder mind set in order to understand the hadwork and dedication it takes to achive somethink in liFe i always appreciate achivement'S OF GREAT PEOPLE LIKE CP WHO HAVE CONTRIBUTED EVEN 1% IN MY EXISTING SYSTEM BECAUSE OF THAT 1 %I MANY HAVE COMPLEATED MY EXISTING SYSTEM WHIIICH MAY HAVE BEEN 99 % COMPLEATE AND DUE TO THE GREAT KINDESS OF CP I WOULD HAVE FOUND SOMETHING IN HIS SYSTEM WHICH HELPED ME TO COMPLEATE MY SYSTEM its not all expected from anyone to teach me anything if they do not want to but that does not stop me from appreciating good things in life i truly get high on other peoples achivements which comples me to do more in life ....HOPE YOU UNDERSTAND ..MAY THE ALMIGHT BLESS YOU TOO
  • #2,164
  • Jan 28, 2018 9:02am Jan 28, 2018 9:02am
Quoting Fxmd
{quote} Tick data and wicks are not trustworthy data lol. Tíck data is different for every broker. Stop wasting your time with tick data, It May even vary between DEMO and LIVE server.
AGREE WITH YOU 100 % I ONLY USE 1 MIN CHARTS FOR ENTRY & EXITS
  • #2,165
  • Jan 28, 2018 12:23pm Jan 28, 2018 12:23pm
Quoting HumbleLearne
{quote} AGREE WITH YOU 100 % I ONLY USE 1 MIN CHARTS FOR ENTRY & EXITS
All my trades are on M1 too...confused? Scalping does not have to be on tick or m1 chart....drilling down is nothing more than scaling down the range. There is no magic to lag and non lag for CP to catch before the more and get out before the move ends. Why? Because tick will always be leading than M1 and above. Whatever is done on tick is possible on M1. I cannot think of anything that can't be done in spot FX where tick volume on tick chart has the same characteristics on Timeframe charts...they mean nothing but a bunch of numbers. I am sure many won't agree with me. A setup on MN1 plus W1 could also be traded on M1....a setup of MN1+D1 could also be traded on M1...a setup of MN1+D1+H4 could also be traded on M1....a setup of H1+M30±M15 could also be traded on M1...a setup of (long on MN1+W1+D1 and short on H1+M30+M15) could also be traded on M1)....ONLY IF YOU UNDERSTAND HOW MARKET CYCLES WORK.... HOW PRICE OSCILATWS AND VASCILATES SINCE THE BEGINNING OF TIME.

for those who have read my posts, even for brief periods, I have shared almost everything (including snippets of code).

One final piece to the puzzle to make this my last post and go into lurking mode....

Always trade in the direction of current candle. Take guidance from previous closed candle and wait till the upper or lower wicks are formed on the current candle. That's my way to seeking Divine force from the higher ups. If you experience downtown on the trade, know that you have down almost everything in your power to do all the right things. No one can predict the next tick or next candle. So put the stops in such a place to IGNORE the wicks on the current candle and exit at loss only at the close of current candle. Meaning wait for the current candle to become a constant as a confirmation that you have got this wrong. If price goes in your direction, just wait a little bit longer or move SL to BE and do something else with your life. Simple, elegant, universal and neutral approach to ANY market.

Some questions via PM:

Risk is 5% per trade if only one pair is traded, 1% if all pairs of one country currency is traded or 0.25% if all 28 pairs are traded.

How do I avoid range? I don't care about ranges. If I have a open position and the next signal comes too close to my current position, I skip the trade

How do I determine trend coming to an end to exit? I won't go into exits. One can scalp for 5 pips or 20 pips or whatever. I have over 20 rules to exit and almost none of them are tied to prevailing market condition.CP exits based on what price is doing. I dont unless I have put my signal generation in aggressive stacking mode.

Huh? What is aggressive stacking? Example: a W1+D1+H4 signal goes into profit. I got 4 hours to squeeze as much as possible from the move. Within the 4 hours, I take all signals that could possible come my way from H1 and lower l, in the same direction of H4....adding only if the pervious trade is in profit.

Anyways, good luck!
Staying in my lane...
  • #2,166
  • Jan 28, 2018 3:22pm Jan 28, 2018 3:22pm
I am sorry to interrupt, but this guy VEE is one of the most bullshiter in FF, there are many dump $ss doesnt have anything to do in life, just to make thousands of bs post, but this guy is even dumper because he spend extra time to delete his bs post.

btw, you are lying... there are 1104 posts in your profile that you didn't delete. gogogo DO it...HAHA..LOL

Quoting VEEFX
{quote} Feel free to report my “unusual activity” to the moderators. It would most certainly work to my advantage.
  • #2,167
  • Jan 28, 2018 4:29pm Jan 28, 2018 4:29pm
Quoting iamsovereign
{quote} Its funny that most everyone ignored your post 2,124 and 2,125 regards
True that, some people dont want to be successful traders. I will delete those posts
Grind until you no longer have to introduce yourself. 4:30am club
  • #2,168
  • Jan 28, 2018 4:52pm Jan 28, 2018 4:52pm
Quoting Fxmd
{quote} True that, some people dont want to be successful traders. I will delete those posts
No please don´t... I really liked your "never go against the 1 hour candle" posts. They add value and should be here for someone who wants to design their own strategy...

Thanks and Regards
  • #2,169
  • Jan 28, 2018 5:16pm Jan 28, 2018 5:16pm
Some dogs have to piss on every tree along their road.
  • #2,170
  • Jan 28, 2018 5:28pm Jan 28, 2018 5:28pm
Quoting VEEFX
{quote} Photoshop it is..."I respectfully ask you to show your GU trades usng CP style"...trades with open price/time close price/time and pips. I sleep peacefully during London so I cannot even dream of trying CP style. Read my posts for once.

dude, your brain is too small. I even predict what you was going to say. You did made me had a good laugh this weekend. Anyway you win..haha..im out
  • #2,171
  • Jan 28, 2018 7:11pm Jan 28, 2018 7:11pm
Quoting VEEFX
{quote} All my trades are on M1 too...confused? Scalping does not have to be on tick or m1 chart....drilling down is nothing more than scaling down the range. There is no magic to lag and non lag for CP to catch before the more and get out before the move ends. Why? Because tick will always be leading than M1 and above. Whatever is done on tick is possible on M1. I cannot think of anything that can't be done in spot FX where tick volume on tick chart has the same characteristics on Timeframe charts...they mean nothing but a bunch of numbers. I am...
Thanks for your posts VEEFX...

"Always trade in the direction of current candle. Take guidance from previous closed candle and wait till the upper or lower wicks are formed on the current candle. That's my way to seeking Divine force from the higher ups. If you experience downtown on the trade, know that you have down almost everything in your power to do all the right things. No one can predict the next tick or next candle. So put the stops in such a place to IGNORE the wicks on the current candle and exit at loss only at the close of current candle."

Example:

The previous candle is Bullish and closed. The current candle is also bullish and it has wicks forming on the upside i.e it is pushing the price down and the current candle is still forming.

Your insights says wicks are manipulation zones, so we enter long?

It will be appreciated if you could please expand more on it.


VEEFX, if possible please do stay and continue posting, you definitely bring lot of value with your knowledge...

Thanks
  • #2,172
  • Jan 28, 2018 8:03pm Jan 28, 2018 8:03pm
Quoting VEEFX
{quote} Ho Aaven, I know you are struggling in this field and you are genuinely giving this an attempt to the best of your ability. I think you know but you haven't given it a deep thought to fully understand the underlying concepts (please take no offense). Once you learn and acquired the knowledge, it's not enough in real life in any field. Application of that knowledge is equally important. May I suggest to see The Good Doctor TV series. In this series, look at how Dr. Shaun Murphy, a brilliant surgeon and an autistic kid of young age than his...
Thanks So much VEEFX for your guidance...

Yes, I definitely remember one of the key takeaways from your posts was the improbability/really difficult to find an edge on a single pair on single TF...

Thanks
  • #2,173
  • Jan 29, 2018 1:14am Jan 29, 2018 1:14am
Quoting VEEFX
{quote} Always trade in the direction of current candle.... what happen NOW...
Hello,

You mean time to sell ?

Green pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 100 KB
Bottomless wonders spring from simple rules, which are repeated without end
  • #2,174
  • Jan 29, 2018 2:29am Jan 29, 2018 2:29am
Quoting VEEFX
{quote} Hi Aaven, I know you are struggling in this field and you are genuinely giving this an attempt to the best of your ability. I think you know but you haven't given it a deep thought to fully understand the underlying concepts (please take no offense). Once you learn and acquired the knowledge, it's not enough in real life in any field. Application of that knowledge is equally important. May I suggest you see The Good Doctor TV series. In this series, look at how Dr. Shaun Murphy, a brilliant surgeon and an autistic kid of young age (compared...
I like the way you view the structure .

My perspective uses mtf analysis. I believe the market needs to consider as many of the participants as possible .I have found the market converges to a number of price points above and below price.they are calculated and consider time horizons and the parameters that time horizons are governed by.i believe the spaces between these price points are exactly that.open space gaps in price or open interest.i have also noticed that at these converged points the price reajusts and updates fundamentally the more information your able to calculate at these points considering the market as one will enable one to have slight advantage from it's New concidered state the fall out from that charged point in time and price.
The influx from this point will always change from chaotic to trend
  • #2,175
  • Jan 29, 2018 3:08am Jan 29, 2018 3:08am
Quoting VEEFX
{quote} All my trades are on M1 too...confused? Scalping does not have to be on tick or m1 chart....drilling down is nothing more than scaling down the range. There is no magic to lag and non lag for CP to catch before the more and get out before the move ends. Why? Because tick will always be leading than M1 and above. Whatever is done on tick is possible on M1. I cannot think of anything that can't be done in spot FX where tick volume on tick chart has the same characteristics on Timeframe charts...they mean nothing but a bunch of numbers. I am...
Excellent post just 1 request please do not delete the post & can you share the indicators that you use to analyze the stuff that you are talking about please
  • #2,176
  • Jan 29, 2018 4:32am Jan 29, 2018 4:32am
Quoting VEEFX
Noise has to be ignored or one will go crazy chasing their tails throughout their lives! Noise is on every candle on every timeframe including ticks. Noise is random ..but please don't listen to me. Continue your search for the holy Grail indicator to figure out what CP does.
Lool Vee at it again, if only I could translate what I think you're trying to say on my chart screen, price always moves up and down with each close of candle, dojis only indicate the coming of trend continuation or reversal.
Love you Mate!! Oh baby baby I need more!!
Read in between the price!!!
  • #2,177
  • Jan 29, 2018 4:55am Jan 29, 2018 4:55am
i Aaven, I know you are struggling in this field and you are genuinely giving this an attempt to the best of your ability. I think you know but you haven't given it a deep thought to fully understand the underlying concepts (please take no offense). Once you learn and acquired the knowledge, it's not enough in real life in any field. Application of that knowledge is equally important. May I suggest you see The Good Doctor TV series. In this series, look at how Dr. Shaun Murphy, a brilliant surgeon and an autistic kid of young age (compared to his peers) applies his knowledge even with minimum experience. He thinks in spacial sense to understand the root cause of the symptom. I think we all need to be like him when it comes to thinking about dimensions.

As I have repeatedly said many times and also as part of my open challenge to the world of trading, it is NOT possible to trade profitable on a single time series chart without one or more external factors not represented in the time series. If this was possible, think about the repercussions it will have on the market. It will seize to exist, market Makers will go bankrupt in a day. Anyone can write algos in a day to exploit such so called edge any time series chart. Hence, common sense dictates it is NOT possible. Apart from common sense, I have done immense research in this area. You will need atleast one more thing (volume, order flow information, fundamental news, MTF analysis, etc) to recover the trading costs. Majority of systems I have tested resulted in a win loss of 48-52%>>>barely enough to break even and many others here have also come to similar conclusions. There is no edge in a single chart with price moving against time. You can devise a trading strategy based on single chart plus additional elements ( or MM, RM etc) to discover the edge but that does not mean edge exists on a chart or a single candlestick.

Any chart (candle, HA, range, bar, etc) has only one use to a trader... to understand the price structure which in turn helps the trader in devising a "trading strategy". That's all there is...compartmentalizing a continuous price/time series into a tradeable strategy to amplify our understanding of what market is doing.

With that said, my One thing apart from a time series chart on M1 is MTF analysis using the closed candle price 'formation' to fit into my own definition of what a trend should be. In regards to your question, all I am saying is the following:

If a BUY signal is generated on a MN1+W1+D1+H1 confluence, the setup is valid only on H1 when W1 and D1 are both screaming Long direction in the direction of monthly. Previous month, previous week, previous day is all old and outdated information. What matters is the NOW, what matters is what the current H1 candle is doing.... What matters is if the current H1 candle has moved to green or not. If moved, take the damn trade and pray it stays green. If not, it is better to pause and think like Dr. Shaun Murphy and assess if this is the right setup/approach to take. So, on every M1 candle, I check if the current H1 is green or not, if not green, let's wait 60 seconds and revisit again and again and again....follow me?
In & Out...I delete my posts within 24 hours

2
Thanks V.
  • #2,178
  • Jan 29, 2018 8:01am Jan 29, 2018 8:01am
We see just what we want to see -- wave(mind) or particle(body). I came from there,where consciousness and oneness of energy in higher dimension explained thousands of yrs ago .. Its consciousness that holds everything not vice versa.We body held by consciousness not vice versa. Our level Consciousness creates our perception and that tendency of our thoughts shapes our bias and Character ,,We creates our own reality.To break any stupid tendency(say smoking) it will take just 21 days of pious observances and change of our thoughts.. To change our self we just need a change of our thinking pattern.Trader need good perception level to build good trading system.Only "now" is reality ,everything else is an illusion(maya) - "Be in a movement " because only this movement is real as told by ancient Indian sages.Mind always tricks to tune for past or future but never want to be in present .. Universe moving,spinning and always seeking for balance ,so as the raised conscious mind.

Here, Basic thing is price will move from open and it will always moves away from reference point and has delay before its closes down,This delay has more and more breakouts. Price moving away that means there is a force that moving and stretching wave length of a price in one of the direction.Traders observes daily candle is green or red ,Its human observation and bias moves the price,I believe there is statistical and mathematical favor that color of a daily candle gives to trader to stay in green or intelligent trader will positioned his trade towards bias which trends .I believe forces will be on the side of color of daily candle.Positioning mind into something will make mind free and probability of making correct decision will get increase.Trading for long period need a positioning the mind into trading strategy which makes mind free.

Just Imagine there was no trading business exists in this world till today and what traders know today all is open price, CP watching one hour candle and its only 10 mins passed ,where CP going to look for trade and why? Where the hell Influx lies in a single candlestick ?who really knows ?

unlearning is difficult than learning-that is the key!!
  • #2,179
  • Jan 29, 2018 8:04am Jan 29, 2018 8:04am
Drawing and visualizing math equations -

Inserted Video
unlearning is difficult than learning-that is the key!!
  • #2,180
  • Jan 29, 2018 8:43am Jan 29, 2018 8:43am
Quoting AntiCre
What can historical OHLC data tell us about the probabilities within an individual candlestick?{image}
I think that candlesticks just show and prove the edge, but we don't have to stick to some specific candles and TFs. I believe that the true edge lies not in the candle itself, but in the fact that price tends to move away from any reference point.

There is a great thread here: The Confession & The Secret. The method that OP described there perfectly correlates with the famous CP's quote "95% of the time..".
There is also another short thread: Line in the Sand (especially take a look at post #3 by TheRealThing).

The biggest power in it is that these things have never changed.
Let's go with the flow
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