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  • #321
  • May 20, 2018 3:25pm May 20, 2018 3:25pm
Quoting Daaimali
Reply Please... {image}
Yes, it was a valid sell signal, except that the previous candle was a Sunday candle. I, personally, use a broker with no Sunday candles (NY close).
Simplicity Is The Ultimate Sophistication!
  • #322
  • May 20, 2018 5:10pm May 20, 2018 5:10pm
Quoting Impenia
{quote} Yes, it was a valid sell signal, except that the previous candle was a Sunday candle. I, personally, use a broker with no Sunday candles (NY close).
thank you
  • #323
  • May 20, 2018 10:14pm May 20, 2018 10:14pm
Quoting Daaimali
{quote} Oh Well Mr.Inthebox: You are not in a box really a very nice description about the signals clearly understood. Could you please tell me one thing
A non trading day and you were up at 3 am LOL. The name is to remind myself one has to look inside himself first to find answers, before looking out of the box.
For me personally, it is not mandatory but important depending on situations and your own experience.
For example, during ranging times, price likes to go below yesterday's low to take out stops to get in at a better price before resuming its up direction.
In a running up trend with momentum, price may not even go anywhere near or below yesterday's low.
Yesterday's high low and today's open are places where fierce battles are fought.
Generally go with the advice buy higher high, higher low. Applies to open as well.
ITB - Seeing Orderliness amongst 'Randomness'
  • #324
  • May 21, 2018 3:18am May 21, 2018 3:18am
GBPAUD trade opened last week

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EURUSD

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If it's important to you, you'll find a way. If not, you'll find an excuse
  • #325
  • May 21, 2018 3:47am May 21, 2018 3:47am
hi joseph95 (or somebody else), please look at my questions on the picture, thanks!
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Money is made by sitting, not trading. Jesse L. Livermore
  • #326
  • May 21, 2018 4:17am May 21, 2018 4:17am
Quoting Inthebox
{quote} A non trading day and you were up at 3 am LOL. The name is to remind myself one has to look inside himself first to find answers, before looking out of the box. For me personally, it is not mandatory but important depending on situations and your own experience. For example, during ranging times, price likes to go below yesterday's low to take out stops to get in at a better price before resuming its up direction. In a running up trend with momentum, price may not even go anywhere near or below yesterday's low. Yesterday's high low and today's...
Thank you. Mr. Inthebox.
  • #327
  • May 21, 2018 10:18am May 21, 2018 10:18am
Chances for today's candles. if these candles close under or above as given below

Currency Signal Chart CANDLE TO CLOSE
usd/cad sell D1 Under 1.2868
EUR/USD BUY D1 above 1.1773 or 68 open
NZD/USD BUY D1 above 0.6931 or 14 open
eur/gbp BUY D1 above0.8740
USD/CHF SELL D1 under0.9965
  • #328
  • Edited 11:42am May 21, 2018 10:27am | Edited 11:42am
eur/chf if it closes above 1.1741 or below the previous candle, will be a signal candles. Sell is appropriate.
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  • #329
  • May 21, 2018 11:47am May 21, 2018 11:47am
EURCAD VALID SELL SIGNAL
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All Things Are Possible
  • #330
  • May 21, 2018 11:51am May 21, 2018 11:51am
Quoting RemonFxTrade
EURCAD VALID SELL SIGNAL {image}

It's not a valid signal until the bar has closed and the PO should be below the low of the previous bar.
  • #331
  • May 21, 2018 12:21pm May 21, 2018 12:21pm
Quoting Asw
{quote} It's not a valid signal until the bar has closed and the PO should be below the low of the previous bar.
Thank you Mr.Asw. i was just asking about the thing. it will be valid if it closes tonight under the last candle and tomorrow breaks today's candle to down side. should sell stop at the end/down of today's candle if order hits it's a valid signal.
Thanks again...
  • #332
  • May 21, 2018 12:25pm May 21, 2018 12:25pm
Quoting RemonFxTrade
EURCAD VALID SELL SIGNAL {image}
Mr.Remon my advise is to wait till tomorrow if today's candle breaks down previous candle and closes under previous low then put pending order on bottom price of today's candle if tomorrow it breaks down today's candle then it's safe signal as per Mr.Joseph's strategy. Other wise it's risky might it can go down from here but not sure...
  • #333
  • May 21, 2018 12:30pm May 21, 2018 12:30pm
Quoting RemonFxTrade
EURCAD VALID SELL SIGNAL {image}
Look at this pair. It's also going to the directions. but it's not valid until candle does not close yesterday's low and tomorrow if it does not break down today's lower low.
i hope you understand...
Thank you.
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  • #334
  • May 21, 2018 12:37pm May 21, 2018 12:37pm
Quoting RemonFxTrade
EURCAD VALID SELL SIGNAL {image}
i don't believe in H4 for this strategy because today on H4 i saw some of the pairs were not going positive. Pairs were hitting stop loss on H4. it works very well with D1 and W1
  • #335
  • May 21, 2018 12:47pm May 21, 2018 12:47pm
It is not a bad scalping strategy on 5 or 10 minutes time frame even if not intend for it
  • #336
  • May 21, 2018 1:38pm May 21, 2018 1:38pm
Quoting rockknmike
It is not a bad scalping strategy on 5 or 10 minutes time frame even if not intend for it
well have tried it? what is result on m5 and m10? percentage?
  • #337
  • May 21, 2018 2:01pm May 21, 2018 2:01pm
Will take a while to look for any reason not to take a signal, as there are plenty of signals.. Perfect set up in the USDX today short H4.
I would note that weekly S/R should be taken into account as this can create advrse conditions on a bounce. (no matter what time frame this is being used on..)
Nice share, will take a second read through...
  • #338
  • May 21, 2018 2:17pm May 21, 2018 2:17pm
In scalping I wouldn't take it all ... If you take euro session til noon US session, that is the one I'll took
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  • #339
  • Edited May 22, 2018 12:23am May 21, 2018 10:45pm | Edited May 22, 2018 12:23am
Quoting sam69
hi joseph95 (or somebody else), please look at my questions on the picture, thanks! {image.}
Thought provoking questions. Since no one is answering yet, let me attempt to. This is my personal view on hindsight.

This was a ranging area and later the trend was reversed upward. So losing money here is normal.
It should be alright if one is still making money on a monthly basis. Just like any other systems, test over a period of time to see whether it suits your temperament.

1. Type 2 setup, place pending buy order above candle 1. Candle 1 can be of same colour as signal candle.
2. Pending buy order placed 1 pip above candle 1 high.
3. Assuming buy order above was triggered, one could exit trade upon seeing opposite signal candle. Then go to look for other pairs.
The opposite signal candle would also negate above pending buy order if it was not triggered.
4. Pending sell order triggered.
5. Loss accepted.
6. Pending buy order remains as long as there is no opposite signal candle or candle that closes below signal candle low.
https://www.forexfactory.com/showthr...5#post10695735
ITB - Seeing Orderliness amongst 'Randomness'
  • #340
  • May 22, 2018 1:42am May 22, 2018 1:42am
Quoting Inthebox
{quote} Thought provoking questions. Since no one is answering yet, let me attempt to. This is my personal view on hindsight. This was a ranging area and later the trend was reversed upward. So losing money here is normal. It should be alright if one is still making money on a monthly basis. Just like any other systems, test over a period of time to see whether it suits your temperament. 1. Type 2 setup, place pending buy order above candle 1. Candle 1 can be of same colour as signal candle. 2. Pending buy order placed 1 pip above candle 1 high....

Inthebox you are loosing your time. Don't explain it anymore please; i have explained it 10 times with 20 screenshots and i see people still struggling.

You'll don't see me here because i asked to leave indicators and EA and now i see all concentrating on arrows and dashboards, and people still asking for explanations... so sadly. These people will never learn trading if they can't understand the logic behind 2 candles... how they can get a general view of the market

Meanwhile i see 2-3 traders making money. I'm happy for them.
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