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3 candle strategy

  • #1
  • First Post: Apr 25, 2018 5:02pm Apr 25, 2018 5:02pm
Hi guys I got this from internet.

3 candles strategy.

Ok the color of the first candle does not matter.

I will only explain sell strategy all you have to do is reverse it for buying.

We have a bullish market. Second candle's high is above the first candles high and second candle's low is above the first candle's low and the second candle closes as a bearish candle. We open a sell when the 3rd candle opens. Our sl is on top of the high of first candle tp is at the close of the 3rd candle. Last filter is optional. First candle's volume is lower than the second candle's volume.

You can understand all about 1st 2nd and 3rd candle from my post.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY_Monthly.png Size: 65 KB
  • #2
  • Apr 25, 2018 6:42pm Apr 25, 2018 6:42pm
Hi hibra68

Long time. How are you doing buddy? Thanks for posting this. I noticed that your description does not match your picture. In the picture your second candle's low is not above (its below in the picture) the first candles's low as per your description. Did I misunderstand something?
Attached Image
  • #3
  • Apr 25, 2018 7:06pm Apr 25, 2018 7:06pm
Quoting yalgaar
Hi hibra68 Long time. How are you doing buddy? Thanks for posting this. I noticed that your description does not match your picture. In the picture your second candle's low is not above (its below in the picture) the first candles's low as per your description. Did I misunderstand something? {image}
He must mean the close
  • #4
  • Apr 25, 2018 7:12pm Apr 25, 2018 7:12pm
How to trade the Bullish / Bearish Engulfing Outside Bar/Candle.

see attached

BEOVB and BUOVB

Three Powerful Forex Price Patterns
Attached File(s)
File Type: pdf Three Powerful FOREX Price Patterns.pdf   1.8 MB | 4,339 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5
  • Apr 25, 2018 7:17pm Apr 25, 2018 7:17pm
Quoting yalgaar
Hi hibra68 Long time. How are you doing buddy? Thanks for posting this. I noticed that your description does not match your picture. In the picture your second candle's low is not above (its below in the picture) the first candles's low as per your description. Did I misunderstand something? {image}
yes true but very close, and the volumes were perfect.
  • #6
  • Apr 25, 2018 7:18pm Apr 25, 2018 7:18pm
Quoting emmanuel7788
How to trade the Bullish / Bearish Engulfing Outside Bar/Candle. see attached BEOVB and BUOVB Three Powerful Forex Price Patterns {image}
thank you for the link but this is not engulfing at all.
  • #7
  • Apr 25, 2018 7:19pm Apr 25, 2018 7:19pm
Quoting yalgaar
Hi hibra68 Long time. How are you doing buddy? Thanks for posting this. I noticed that your description does not match your picture. In the picture your second candle's low is not above (its below in the picture) the first candles's low as per your description. Did I misunderstand something? {image}
Here this is a better one. The candle inside the square box.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD_H4.png Size: 66 KB
  • #8
  • Apr 26, 2018 3:22am Apr 26, 2018 3:22am
Hi Hibra68,

Thank you for sharing.

All the best to u.

Cheers,

  • #9
  • Apr 26, 2018 4:39am Apr 26, 2018 4:39am
Quoting farang007
Hi Hibra68, Thank you for sharing. All the best to u. Cheers,
no problem
  • #10
  • Apr 26, 2018 5:17am Apr 26, 2018 5:17am
Quoting farang007
Hi Hibra68, Thank you for sharing. All the best to u. Cheers,
Hi Farang , you remind me of a famous scammer , here on FF ...
OK we will see.
  • #11
  • Apr 26, 2018 6:44am Apr 26, 2018 6:44am
Quoting hibra68
{quote} thank you for the link but this is not engulfing at all.

Yes , you are correct.

Your 3 candles strategy will make it the 4th Most Powerful FOREX Price Pattern.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12
  • Apr 26, 2018 7:18am Apr 26, 2018 7:18am
Quoting emmanuel7788
{quote} Yes , you are correct. Your 3 candles strategy will make it the 4th Most Powerful FOREX Price Pattern.

Very funny
  • #13
  • Apr 26, 2018 7:34am Apr 26, 2018 7:34am
Quoting emmanuel7788
{quote} Yes , you are correct. Your 3 candles strategy will make it the 4th Most Powerful FOREX Price Pattern.
even matrix l** god! i though matrix control his emotions and needs

by the way i made an ea for this strategy works exactly as described above and the bt was almost extremely negative even with some filters, ofc i already know that since price always hunt, thats the real price trend, try to follow the hunting wave.

the most important thing in life is to smile so .....
kings regards
  • #14
  • Apr 26, 2018 8:03am Apr 26, 2018 8:03am
Quoting redoktober
{quote} Hi Farang , you remind me of a famous scammer , here on FF ... OK we will see.
LOL. I see this individual is quite set in how it replies to new threads.
  • #15
  • Apr 26, 2018 8:05am Apr 26, 2018 8:05am
Quoting llxx77dd
{quote} even matrix l** god! i though matrix control his emotions and needs by the way i made an ea for this strategy works exactly as described above and the bt was almost extremely negative even with some filters, ofc i already know that since price always hunt, thats the real price trend, try to follow the hunting wave. the most important thing in life is to smile so ..... kings regards
An indicator will be better to back-test by looking at previous signals.
  • #16
  • Apr 26, 2018 8:20am Apr 26, 2018 8:20am
Quoting shiva
{quote} An indicator will be better to back-test by looking at previous signals.
in this game i put my 0.1% trust only on 5/10 years bt, to get through the most possible scenarios, that's why an ea is better for me, so don't waste your time making indicators for public price patterns, doesn't work,

cheers
  • #17
  • Apr 26, 2018 2:15pm Apr 26, 2018 2:15pm
Quoting JacolineFIS
{quote} Very funny
I laughed at your all time return
  • #18
  • Apr 26, 2018 2:21pm Apr 26, 2018 2:21pm
Guys dont trust someone elses opinion(this includes me). Try it on your own. I just wanted to introduce something that I had found intersting. By the way I trust a ea backtest result as far as I can throw its creator.
  • #19
  • Apr 26, 2018 8:03pm Apr 26, 2018 8:03pm
Here is monthly and weekly AudNzd
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD_Monthly.png Size: 85 KB
Click to Enlarge Name: AUDNZD_Weekly.png Size: 112 KB
  • #20
  • Apr 26, 2018 8:08pm Apr 26, 2018 8:08pm
Quoting hibra68
Here is monthly and weekly AudNzd {image} {image}
What are the bands for?
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