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I challenge you to fail with this

  • #181
  • Edited 4:55am May 5, 2018 4:44am | Edited 4:55am
Quoting Joseph95
I opened this thread in January 2018. Well. Let's see what could be happened if you would taked blindly all the signals till now. (Little spoiler, i tell you what could be happened: that now you was a better and happier trader) Note: screenshots taked on another broker I leaved this thread dead intentionally to show all what is the problem of the 95% of losers here: Lack of patience and discipline. You MUST make money NOW because you have to run in your 100.000 euro car as soon as you can. This is the problem, that's all. It's stronger than you:...
What's up guys? glad to see you earning money.

Actually NZD/USD, EUR/USD, USD/JPY and USD/CHF are giving me over 1700 pips. See the quoted post, then open your mt4 ;-)

Remember, always do analysis and don't enter blindly. The quoted post was a provocation to the people who said to me that was "bullsh*t"

More informations you have more edge you have!

Good trading
  • #182
  • May 5, 2018 4:51am May 5, 2018 4:51am
Quoting Intrepidpips
{quote} If you don't mind my asking, what are the settings of the MAs in the screenshot?

20, 1
63, 1
Attached File(s)
File Type: ex4 MA in Color.ex4   12 KB | 400 downloads
File Type: mq4 MA in Color.mq4   4 KB | 450 downloads
  • #183
  • Edited 5:35am May 5, 2018 5:10am | Edited 5:35am
Quoting Joseph95
AUD/JPY right now, with other examples and some observations Edit: I mean double top. I get confused with english, sorry {image}

+ 734 pips (low)

+572 (now)

Now the important question is...

Would you have the BALLS for hold a trade for 6 months, without get scared if the price goes against you 3-6 days eating your precious, hard-earned pips and without playing with your TP and SL?
  • #184
  • Edited 7:38am May 5, 2018 6:43am | Edited 7:38am
Hi Joseph,
Thanks for posting the system.
Where is your TE? Nevermind, saw your post.

I have tried the two indicators that are supposed to find the 'pattern' in this thread but I don't think either of them works as Joseph intended.
I'd like to forward test this using Laksior's explanations. I can do it manually but a simple indicator that selects engulfing candles with a failed breakout would be helpful. update: Here is an engulfing candle indicator I found that I think is more useful. Update: no it's not that good. It misses obvious engulfing candles and doesn't make allowance for long wicks.
Attached File(s)
File Type: ex4 =EngulfingBar(outsidebar-ProfitF).ex4   8 KB | 483 downloads
  • #185
  • May 5, 2018 6:47am May 5, 2018 6:47am
Quoting free84
i made an indi fot this pattern {image} {file}
Thanks Free84 but that's not the pattern. It generates too many signals, many of which are not engulfing candles.
Unless I'm mistaken about the necessity of engulfing candles, but then this system simply generates too many signals.
  • #186
  • May 5, 2018 7:45am May 5, 2018 7:45am
Quoting clemmo17
Hi Joseph, Thanks for posting the system. Where is your TE? Nevermind, saw your post. I have tried the two indicators that are supposed to find the 'pattern' in this thread but I don't think either of them works as Joseph intended. I'd like to forward test this using Laksior's explanations. I can do it manually but a simple indicator that selects engulfing candles with a failed breakout would be helpful. update: Here is an engulfing candle indicator I found that I think is more useful. Update: no it's not that good. It misses obvious engulfing candles...
Hello Clemmo. The TE was a old one, which i started trading without any type of knowledge and experience. Now the things are different as you can see.

I' ll try to explain again in a few words and i hope this time all will understand what i'm searching for when i open the MT4.

You have one candle. If the second candle has a shadow that surpass the previous candle low/max, and then close above/below the max/low, you have a signal.

Now this signal MUST be contextualized. Anyway i have demonstrated to the WHOLE forum, that also taking it blindly , in 6 months you was -plenty- profitable.

That's all. It's a pattern like others, that i found particularly interesting also because often it warns you of the end of a swing.
  • #187
  • May 5, 2018 11:43am May 5, 2018 11:43am
Quoting Joseph95
{quote} + 734 pips (low) +572 (now) Now the important question is... Would you have the BALLS for hold a trade for 6 months, without get scared if the price goes against you 3-6 days eating your precious, hard-earned pips and without playing with your TP and SL?
Brother,
It makes complete sense the way you are sharing your trading strategy
I have one question please
During the anticipated long trend when a counter candle stick is formed, I mean long wick and close above/below previous candle, would you close that trade or would rather bring the stop loss bit around close to that place?

Thanks in advance
R
  • #188
  • May 5, 2018 1:06pm May 5, 2018 1:06pm
I think it's pretty clear now. I will still wish for a proper indicator, maybe I will make it myself, because although you are quick at finding the patterns because you are used to hunting for them, for those new to this an indicator will speed up detection. I agree that context is important ,and maybe some signals that form at the end of a trend, (detected by a MA cross or an RSI signal or something) should be avoided.
  • #189
  • May 5, 2018 8:36pm May 5, 2018 8:36pm
This is a good strategy but trade explorers are king.
instagram: stepbystepforex
  • #190
  • May 6, 2018 12:30am May 6, 2018 12:30am
"I challenge you to fail with this"

Challenge accepted!
  • #191
  • May 6, 2018 2:22am May 6, 2018 2:22am
Bullshit, bring up some verified result.
  • #192
  • May 6, 2018 3:01am May 6, 2018 3:01am
Quoting kretkret
Bullshit, bring up some verified result.
Sorry, i do not trade this system, but have the same in my thread. People are too lazy to make the work self. Test it over a period and you have the result if this work for YOU or not.
Thats it.
Perfection is the enemy of good enough!
  • #193
  • May 6, 2018 6:29am May 6, 2018 6:29am
Quoting kretkret
Bullshit, bring up some verified result.

Hello Genius. Candles doesn’t repaint

Removed
  • #194
  • May 6, 2018 8:14am May 6, 2018 8:14am
Quoting Joseph95
{quote} Hello Clemmo. The TE was a old one, which i started trading without any type of knowledge and experience. Now the things are different as you can see. I' ll try to explain again in a few words and i hope this time all will understand what i'm searching for when i open the MT4. You have one candle. If the second candle has a shadow that surpass the previous candle low/max, and then close above/below the max/low, you have a signal. Now this signal MUST be contextualized. Anyway i have demonstrated to the WHOLE forum, that also taking it blindly...
Why dont you just say "engulfing candle"? If its not whats the difference? Or do you just want to take credit for yourself that you said yes and no? Why yes? and why no?
  • #195
  • May 6, 2018 11:17am May 6, 2018 11:17am
This must have been a good entry for this pair. With this indicator we can clearly see the possible entries, you just have to choose those that are in favor of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-05-06 EUR-USD.png Size: 27 KB
  • #196
  • May 7, 2018 8:26am May 7, 2018 8:26am
Quoting Razor864
"I challenge you to fail with this" Challenge accepted!
check my post 177 to 180. what else do you need as a proof.
  • #197
  • May 8, 2018 8:14am May 8, 2018 8:14am
@Joseph95

Thank you very much for sharing this system.
Unfortunately most people use their time for negative things, rather than contribute to something productive. Keep up the good work, I believe your system works well, since its proven here enough times. One does just have to use proper money management to survive the potential drawdown or SL hit.

I usually prefer scalping and pure price action combined with zones, but I cant always stay the whole day on charts, thats why I want to focus more on swing trading. I want to test your system soon over a period of at least 1 month and document my progress with it. I trade London/NY.
I read all pages(thx to laksior for pics) in this thread and your explanation is very well and simple, but I have still a few questions if you dont mind to clarify them? thanks in advance.


1. Is it important if the market is in down/uptrend to apply your system or it works in all conditions?

2. Do you care for major support/resistance Zones and daily/weekly Trendlines?

3. I know you said dont use any indicator, but you also dont use EMA200 or EMA800 which are on higher TF often respected and often used by swingers? I ask because I see 2 lines on your chart and wonder if they influence your decision.

4. Obviously some trades take days or weeks, therefore you have to hold through red/orange news. You ignore news or you close trades before red news?

5. If you hold trades over weekend are you not afraid of gaps?

Quote
Bullish signal: false breakout/rejection of the low of the previous day, better if the shadow of the signal candle is long enough, AND THEN close ABOVE high's previous day

6. With "close above highs of previous candle you mean the wick/shadow has to close above previous highs or you mean the body has to close above previous highs?

7. You set pending orders just above current signal candle high without waiting the next candle close?


Sorry for so many questions, I just wanna make sure I get everything right. I would like to contribute with my experience.
I made a few Screenshots on UJ Daily, would be nice if you could confirm I understand them right.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 001.png Size: 60 KB
  • #198
  • May 8, 2018 9:10am May 8, 2018 9:10am
@Joseph95


Picture 1: Bullish Signal, right?

Picture 2: Signal not valid, right?

Picture 3: Bearish Candle doesnt cover 100% of previous candle, trade still valid? Do signal candles have to cover strictly 100% of previous candles or is it ok if they cover just 90%?

And one last question. Whats your experience with this system on H4 candles? You mentioned it works on H4 too, ever used it over a longer period on H4?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ 002.png Size: 48 KB
Click to Enlarge Name: UJ 003.png Size: 38 KB
Click to Enlarge Name: UJ 004.png Size: 34 KB
  • #199
  • May 8, 2018 7:47pm May 8, 2018 7:47pm
Quoting Enzee
{quote} check my post 177 to 180. what else do you need as a proof.
My expected target price got hit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 75 KB
  • #200
  • May 9, 2018 8:33am May 9, 2018 8:33am
Quoting Joseph95
{quote} + 734 pips (low) +572 (now) Now the important question is... Would you have the BALLS for hold a trade for 6 months, without get scared if the price goes against you 3-6 days eating your precious, hard-earned pips and without playing with your TP and SL?
I'd be shitting in my pants, funny enough when I was demo trading, my D1 trades were the most profitable.
Let it turn and find your entry.
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