Higher Edge within a Single Candlestick | Page 110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

An Edge for an Edge (System Development) 116 replies

Beating the Odds - Edge Within a Single Candlestick (Explained) 71 replies

Looking for higher timeframe candlestick overlay indicator 10 replies

top 2 single candlestick pattern 7 replies

There is No Edge in a Single Candlestick 64 replies

Attachments: Higher Edge within a Single Candlestick
Exit Attachments

Higher Edge within a Single Candlestick

  • #2,181
  • Edited 2:57pm Jan 29, 2018 1:56pm | Edited 2:57pm
Charts are created by Forum Gods for such threads to thrive and generate page hits. Brokers are funding such forums to manipulate traders to stare at charts. Go Figure!

"Higher Edge in a Single Candle" - This in itself is the biggest Joker in CP terms. The Entire Market from the beginning of time can be one single candlestick.

I hope folks realize soon and stop posting cryptic charts and puzzles and GET TO WORK!...the only thing that has the highest edge is what I mentioned here.
Staying in my lane...
  • #2,182
  • Jan 29, 2018 2:17pm Jan 29, 2018 2:17pm
Quoting VEEFX
Feel free to analyze my trades with the secret influx indicator to see if there is any confluence. Charts are created by Forum Gods for such threads to thrive and generate page hits. Brokers are funding such forums to manipulate traders to stare at charts. Go Figure! "Higher Edge in a Single Candle" - This in itself is the biggest Joker in CP terms. The Entire Market from the beginning of time can be one single candlestick. I hope folks realize soon and stop posting cryptic charts and puzzles and GET TO WORK!...the only thing that has the highest...
WRONG
Grind until you no longer have to introduce yourself. 4:30am club
  • #2,183
  • Jan 29, 2018 2:55pm Jan 29, 2018 2:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 92 KB
Maadik Hugiis. IQ 69.
  • #2,184
  • Jan 29, 2018 3:16pm Jan 29, 2018 3:16pm
Quoting VEEFX
"Higher Edge in a Single Candle" - This in itself is the biggest Joker in CP terms. The Entire Market from the beginning of time can be one single candlestick.
That's right. And what would happened if a trader continued to catch the direction of this candle when it only started to form and would hold till now?
Where is the current price (floating close of this candle) now in relation to candle's open?

I guess that you just proved the statement about that edge without intention to do it
Let's go with the flow
  • #2,185
  • Jan 29, 2018 3:55pm Jan 29, 2018 3:55pm
Quoting artem_t
{quote} That's right. And what would happened if a trader continued to catch the direction of this candle when it only started to form and would hold till now? Where is the current price (floating close of this candle) now in relation to candle's open? I guess that you just proved the statement about that edge without intention to do it
Well, it would appear that the open was always before the close... That any edge was found within it... that you'd have to break it up to locate any edge... That it got it's information from the ticks that composed it... And that those ticks got their information from the candle itself. Oh, dear, I do believe we've found the winner.

Artem_t why did you have to come along and ruin the game for them? Shame on you! You could have just winked.

Now let's just hope they don't figure out what to do with it.
"The fun is in the hunt. Not the kill."
  • #2,186
  • Jan 29, 2018 5:23pm Jan 29, 2018 5:23pm
"Market Generated Data (MGD) is the market’s transactional data organized so that price and price-over-time are displayed. The market variables are thus price and time. …...
Transactional data comes in the form of ‘ticks’. A tick is created at each price change. Trading at a given price will not generate a tick. A tick carries two pieces of information, price and time when it occurred. Throughout the trading day, there is a steady stream of ticks. The simplest way to present tick action is in a bar chart with equidistant times or in a point figure chart. Neither are ‘market generated data’ because MGD must display price and time".- Donald L. Jones CISCO-Futures
Pasted from <https://www.forexfactory.com/showthr...d#post10528862>

The market is reported as ticks, Price and the time in which it occurred (2D non-linear)
What happens next is the data is "subjectively" broken into TF's ( 1m, 5m, 15m, and 30m.etc.) depending on the viewer. This artificially skews the data. Each place where the data has been "subjectively" broken into TF's creates a artificial high , low, open, close. This is "subjective" info because it is biased by the observer's choice of TF. Already you have "flaws" in your data set. You are now using data "once removed" from its original market generated Price *Time format.

"Tick data does not have an open, high, low, or close quote it simply tells the previous price. The OHLC quotes occur only after tick data has been collected and coerced into interval data, such as one minute, one hour, one day, or any other selected duration"- the forex charting companion -Archer"
Pasted from <https://www.forexfactory.com/showthr...6#post10357556>

Now that the data has subjectively been broken into TF's. The data inside the timeframe(candlestick) is now "sorted" (rearranged) into a linear "series" of prices from high to low forming/constructing a bar/candle. Now you have skewed your data set once again. Remember the tick data didn't start out as a linear series. Now your data is "twice removed" from it's original context (market generated price *time format) Your candlestick TF's only look like a "series" of prices from high to low, because you manipulated the data to do so. This is not what the industry considers to be "Market Generated info"

"The difference between the current, "illogical" approach and the "logical" approach is the type of information used and how it is analyzed (e. g. , outside information related to the market versus market-generated information related to it).

In the current state, almost all transactional information, information derived from newspapers, retrieval services, and even live quotes disseminated by vendors, falls into the classification of "information outside the market". (Most people are surprised that live quotes are not included in the other category, market-generated information. But upon examination, live market quotes are not formulated into a statistically measurable and logically sound arrangement of data which provides information. ) In other words, transactional information is either presented in tabular, numerical form or else reorganized and presented in graphic chart form". -J.Peter.Steidlmayer Markets and Market logic
Pasted from <https://www.forexfactory.com/showthr...d#post10525163>
Attached Image (click to enlarge)
Click to Enlarge Name: coercedz (1).JPG Size: 279 KB


Minutes before the 30m close, prices are being used below the open closer to the lows………look at the data…..price feed/tick data is not a series of prices that move sequentially, from high to low, 1 pip at a time. Look at your own tick data, price does not come in/move in a series of sequential, consecutive prices (1.01, 1.02, 1.03, 1.04, 1.05 or 1.05, 1.04, 1.03, 1.02) from high to low or low to high. Price does not move pip by pip. Different prices are used at different times. They are not used one by one in a series, one price at a time, pip by pip in a series of h-l/l-h. No such series/sequence exists in how the data is reported.

Again, look at the tick data, each price and the time in which occurred is independent and not serially correlated/related to the previous tick/price. No such linear "series" or "relationship" exists.

If what you believe is true, If price does move in a series from H-L or L-H, minutes before the candle close, the tick data should be printing prices at the highs. But its NOT, The tick data shows prices being used/traded on the lows. OHLC data (candlesticks) are not accurate and misrepresentative of current market activity.

Look at the example the "candlestick" representation of the same data tick data. The candle representation shows a candle closing above, it's open makes it a green candlestick, A candle closing on the high. For those who believe in serial correlation, and believe price moves pip by pip one price at time in a series would think price is moving & trading higher(bullish). When the actual data being reported at the time of the close is trading at the lows. The candlesticks/ohlc data is a gross misrepresentation of the actual prices being used.
Pasted from <https://www.forexfactory.com/showthr...482744&page=66>

Look at the data high was used first at the open, at the candle end time prices are trading at the lows, but because when you coerce the data into artificial time intervals, and sort the data from from H-L you impose artificial OHLC prices.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg1.jpg Size: 232 KB
Markets are not efficient, rather they are effective - Jones
  • #2,187
  • Jan 30, 2018 12:49am Jan 30, 2018 12:49am
When not knowing Math can cost you $15,000

Inserted Video
  • #2,188
  • Edited 1:19am Jan 30, 2018 1:02am | Edited 1:19am
Quoting CARP.BLUFFS
When not knowing Math can cost you $15,000 https://youtu.be/BbX44YSsQ2I
The truth is that these show makers don't understand math. Indeed it can be each of these numbers. 0 × 0 = 0 is a square number, too It just depends on the definition of a square number n² (if n ∈ ℤ or n ∈ ℕ).
  • #2,189
  • Jan 30, 2018 1:42am Jan 30, 2018 1:42am
Quoting mzvega
"Market Generated Data (MGD) is the market’s transactional data organized so that price and price-over-time are displayed. The market variables are thus price and time. …... Transactional data comes in the form of ‘ticks’. A tick is created at each price change. Trading at a given price will not generate a tick. A tick carries two pieces of information, price and time when it occurred. Throughout the trading day, there is a steady stream of ticks. The simplest way to present tick action is in a bar chart with equidistant times or in a point figure...
SIMPLY BRILLIENT POST ...THANK YOU ...BROTHER YOU HAVE MADE MY DAY TODAY FOLLOWING YOU NOW
  • #2,190
  • Jan 30, 2018 2:21pm Jan 30, 2018 2:21pm
Quoting artem_t
{quote} That's right. And what would happened if a trader continued to catch the direction of this candle when it only started to form and would hold till now? Where is the current price (floating close of this candle) now in relation to candle's open? I guess that you just proved the statement about that edge without intention to do it
Lol before I go on an unnecessary rant I wanna be sure so tell me my good friend are you for or against Vee's post?
Read in between the price!!!
  • #2,191
  • Jan 30, 2018 2:40pm Jan 30, 2018 2:40pm
Quoting HumbleLearne
{quote} SIMPLY BRILLIENT POST ...THANK YOU ...BROTHER YOU HAVE MADE MY DAY TODAY FOLLOWING YOU NOW
In your own terms what do you think that post is really saying?
Read in between the price!!!
  • #2,192
  • Jan 30, 2018 2:49pm Jan 30, 2018 2:49pm
I took a hiatus from FF came back only to see nothing has changed maybe rather worse..we have new self acclaimed gurus and gods of the forum.

Listen all who care to hear, as Veefx stated earlier the entire for example EU market since the beginning of time can be put in one single candle, therefore is it really smart to play God within a candle stick still in formation?
How in heavens name can you trade a candle without the close? What sort of spiritual edge are some of you talking about?

This is a total rubbish thread and a lot of rubbish analogies cosigning the initial rubbish started.

That being said you don't need to be a rocket scientist or an astrologer to be profitable I'll give you a hint as credible information is never free, the market makes highs and lows, price gets rejected or continues at these highs or lows, but Caleb what the heck how do I form a strategy from what you just stated? You form a strat by observing price reaction when it gets to these highs and lows, in trading, history really does predict the future.
Peace!!

Read the first post https://www.forexfactory.com/showthread.php?t=534290
Read in between the price!!!
  • #2,193
  • Jan 30, 2018 6:23pm Jan 30, 2018 6:23pm
Quoting calebfx
I took a hiatus from FF came back only to see nothing has changed maybe rather worse..we have new self acclaimed gurus and gods of the forum. Listen all who care to hear, as Veefx stated earlier the entire for example EU market since the beginning of time can be put in one single candle, therefore is it really smart to play God within a candle stick still in formation? How in heavens name can you trade a candle without the close? What sort of spiritual edge are some of you talking about? This is a total rubbish thread and a lot of rubbish analogies...
But, those highs and lows you’re talking about as important are the open of a certain timeframe candlestick. For example. Let’s say you’re looking at a 1 hour chart and it’s high is created after 30 minutes after open, wouldn’t that H1 candlestick high be the open of a M30 candlestick?

Attached Image (click to enlarge)
Click to Enlarge Name: 30D004D9-3A6F-4765-BF1C-692A27D616B1.jpeg Size: 865 KB


Attached Image (click to enlarge)
Click to Enlarge Name: B38A0998-ECBD-4702-BB36-4B773E073DFE.jpeg Size: 38 KB
Grind until you no longer have to introduce yourself. 4:30am club
  • #2,194
  • Jan 31, 2018 3:00am Jan 31, 2018 3:00am
Quoting calebfx
for example EU market since the beginning of time can be put in one single candle, therefore is it really smart to play God within a candle stick still in formation? What sort of spiritual edge are some of you talking about?
In case you're really interested - I don't mind to repeat what has already been said.

Quoting artem_t
{quote} Where is the current price (floating close of this candle) now in relation to candle's open?
Let's take a look at EU since you mentioned it (I took the open price from MT4 for simplicity, however it's not a true beginning of the market, but it doesn't really matter):

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 33 KB


Quoting calebfx
How in heavens name can you trade a candle without the close?
This is how (it's not the only way of course):

Attached Image


And these are related threads I've mentioned:

Quoting artem_t
{quote}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.
Worth to take a look if you truly want to dig in and not just here to prove that everyone is wrong and everything that was discussed here is BS.
Let's go with the flow
  • #2,195
  • Jan 31, 2018 2:46pm Jan 31, 2018 2:46pm
Quoting artem_t
{quote} In case you're really interested - I don't mind to repeat what has already been said. {quote} Let's take a look at EU since you mentioned it (I took the open price from MT4 for simplicity, however it's not a true beginning of the market, but it doesn't really matter): {image} {quote} This is how (it's not the only way of course): {image} And these are related threads I've mentioned: {quote} Worth to take a look if you truly want to dig in and not just here to prove that everyone is wrong and everything that was discussed here is BS.
First I appreciate the fact you did take out time to explain but in your explanation you used 1 min candles to try get trades in a H1 candle that in and of itself contradicts this thread, OP said in a single candlestick not using lower time frame candlesticks to catch trades in a higher time frame and the reason price didn't look back is because price kept closing higher after it established the low.
I won't read those threads why? It is a complete and utter waste of time, your screenshot has a golden nugget by the way hope you can see it, if you can't count the candles again.
To the rest of you guys, price makes lows and highs, find your rhythm withing those.
God bless
Read in between the price!!!
  • #2,196
  • Jan 31, 2018 3:01pm Jan 31, 2018 3:01pm
Quoting Fxmd
{quote} But, those highs and lows you’re talking about as important are the open of a certain timeframe candlestick. For example. Let’s say you’re looking at a 1 hour chart and it’s high is created after 30 minutes after open, wouldn’t that H1 candlestick high be the open of a M30 candlestick? {image} {image}
Once again using two time frames, using the 30 mins TF to predict the H1, see mate it's actually okay to admit you're wrong you know. I'm not a connoisseur of knowledge but I've learnt the hard way but I learnt good and it's paying of. The brokers love these forums ever wondered why? I don't know how long you've been at this trading game but read this if you may https://www.forexfactory.com/showthread.php?t=3156
Read in between the price!!!
  • #2,197
  • Jan 31, 2018 4:19pm Jan 31, 2018 4:19pm
Quoting calebfx
{quote} Once again using two time frames, using the 30 mins TF to predict the H1, see mate it's actually okay to admit you're wrong you know. I'm not a connoisseur of knowledge but I've learnt the hard way but I learnt good and it's paying of. The brokers love these forums ever wondered why? I don't know how long you've been at this trading game but read this if you may https://www.forexfactory.com/showthread.php?t=3156
“Predict”....
Grind until you no longer have to introduce yourself. 4:30am club
  • #2,198
  • Feb 1, 2018 10:01am Feb 1, 2018 10:01am
sell eu for tgt 1.24539
Attached Image (click to enlarge)
Click to Enlarge Name: crucial.png Size: 28 KB
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #2,199
  • Feb 1, 2018 4:12pm Feb 1, 2018 4:12pm
Who would believe that smart folk could fight so much over such a simple thing.

if I look at this candle stick I could see nothing of value unless I required the light it offered . but equally I could if I desired extract more information from it .for example...
its energy
its potential energy
its volume
its average consumption.............

even considering this candle is unique to me ,I decided what size it would be ,of which time period I wanted to measure, I only require certain points of reference to calculate the information I want . but knowing what that information is makes it relevant to me.

personally if I did not see anything of value within this candle I would either be curious as to what some are drawn to or dismissive and move along and enjoy the cricket , I'm sure those on both sides of the debate who have no interest in those others ideas and view points are not intentionally falling short of common sense.
Attached Image
  • #2,200
  • Feb 2, 2018 7:38am Feb 2, 2018 7:38am
Quoting fasttrade1
sell eu for tgt 1.24539 {image}
this is long hold but get tgt
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
2 traders viewing now