Jay's Candle Sticker System

Quoting hibra68

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{quote} Do those vertical lines represent tuesdays?

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Quoting BlackNapkins

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{quote} Hibra, The answer is no; this vertical line represent date when market made turn, they show that JD trading perspective has nothing to do with intraweek cycles of day traders activity. I think Jay Davies trading perspective is different. System is targeting longer moves, lasting more than a week.

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Quoting hibra68

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{quote} yes , but he is rethinking that already, thats why i suggested taking profit early before cycles turn around.

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Quoting reteid2222

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{quote} Most 50%(except the ones with less than 5 which is NOT significant!)...so U can also throw a coin.... {image} {image}

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Quoting reteid2222

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{quote} Most 50%(except the ones with less than 5 which is NOT significant!)...so U can also throw a coin.... {image} {image}

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Quoting JeanJ

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JAYDAVIS, WOW. Thanks for sharing. I am lossing and keep lossing. I wanna learn and see if your strategy works for me. How do i get updated alert from you so I can follow your trade to begin with and hopefully gain some pips. I am a newbie in trading.

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Quoting hibra68

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{quote} yes , but he is rethinking that already, thats why i suggested taking profit early before cycles turn around.

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Quoting JayDavis

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{quote} Thanks for this comprehensive analysis. So, taken as a whole removing outliers you get a 50% chance of having a profit or not. Do you think there is value in analyzing the pairs separately, could it produce an edge in trading just that pair?

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Quoting reteid2222

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{quote} I uploaded the Xl file if U want to do sum more analysis...by the way I m a great fan of these candlestick pattern... {file} {image}

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Quoting JayDavis

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{quote} Excellent glad you like. I could probably figure it out with some additional study but one quick question. When you consider total patterns are you including confirmed patterns with unconfirmed patterns? {image}

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Quoting hibra68

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I have another question. When its says successfull patterns what does it mean? Does it mean that the sl was not hit and the trade was closed with profit when we get an opposite signal? And what about unsuccessfull? Does it mean that the sl was hit right away without going so much further? One mans fail is another mans success. First lets see which specific pattern is best for which specific currency pair than---- We have to see how far each specific pattern goes into + territory before hitting sl.

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Quoting JayDavis

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{quote} Successful pattern means that if one took the trade when it was confirmed and then waited for an opposite pattern to confirm before exiting the trade it would have garnered a profit. Unsuccessful means that one would have lost money either on the stop-loss or an opposite formation confirming whilst the trade was in the negative. Checking the zip files from earlier, you already have the data concerning which formations are best for which pairs, it is just not beautifully organized in a spreadsheet. reteid2222 may have this info in the spreadsheet,...

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Quoting reteid2222

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{quote} Most 50%(except the ones with less than 5 which is NOT significant!)...so U can also throw a coin.... {image} {image}

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Quoting BlackNapkins

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In my opinion, it makes no sense to focus on the most efficient pair. Each pair has better and worse periods. Good profits and stable growth must go hand in hand with possibly low DD. Such parameters can be achieved without reducing the number of pairs or focusing on selected pairs but on the contrary, diversifying the portfolio as much as possible with different instruments and markets ... I have been doing five-year tests for different simple trend follow-up systems and always diversification was the key to a moderate, not ragged growth curve....

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