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Attachments: Jay's Candle Sticker System
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Jay's Candle Sticker System

Okay guys, market is on. Wishing us green pips this week.

I Opened a demo TE (JAYmodified) for me to follow the signal generated. The modifications however are

(1) i will be setting stop losses in mine
(2) My TP is also modified
(3) i wont use all signals generated as i hope to filter them before using.

NOTE: This is my modification as it does not in any way affect the original system by Jay. My target is to use 0.1 lot total for every signal generated as i will be taking few of the signals. i want to see if it can double my account at the end of a month. Thanks
i have tried to start trades with a trend, now i prefer to follow the trend
Quoting JayDavis
{quote} Please review from post #243 till now, I just explained this again... The market could move against my positions true, if it does not wipe me out in one day I'll simply close my positions as per the plan. I have stop-losses they are just not automatically placed on the chart. This is an evolving system of course and there probably will be changes in the future, there should be a link to the most recent iteration on post #1.
Ah, apologies Jay you use the ATR. Thanks for clarifying.

I've noticed that American Bulls site is down, hope it's just my connection and it comes back on by close of play tonight!
Quoting uksoundz
I've noticed that American Bulls site is down, hope it's just my connection and it comes back on by close of play tonight!
Try to use Tor browser for connection, I can open americanbulls website only with Tor. Don't know reason for that.
Quoting JayDavis
{quote} Please review from post #243 till now, I just explained this again... The market could move against my positions true, if it does not wipe me out in one day I'll simply close my positions as per the plan. I have stop-losses they are just not automatically placed on the chart. This is an evolving system of course and there probably will be changes in the future, there should be a link to the most recent iteration on post #1.

Hi Jay,

"...if it (the market) does not wipe me out in one day...". That's frightening Jay. What kind of capital do we actually need to trade using your system of 0.5, 0.25 and 0.25 lots? I understand that this is still a work-in-progress and I am sure you will figure a way out. I don't want to be wiped out. It can be pretty demoralising and will shatter your confidence.

Thanks
Quoting rajandaas
{quote} Hi Jay, "...if it (the market) does not wipe me out in one day...". That's frightening Jay. What kind of capital do we actually need to trade using your system of 0.5, 0.25 and 0.25 lots? I understand that this is still a work-in-progress and I am sure you will figure a way out. I don't want to be wiped out. It can be pretty demoralising and will shatter your confidence. Thanks
I would suggest reducing your total lotsize to an amount that makes you comfortable. For most that is about 2% of equity, that is probably where I would suggest that you start. After that, increase the size based upon results and personal preference. It's all dependant upon your risk profile.
Buy, Sell, plus this other thing equals Profit!
Quoting uksoundz
{quote} Ah, apologies Jay you use the ATR. Thanks for clarifying. I've noticed that American Bulls site is down, hope it's just my connection and it comes back on by close of play tonight!
Apparently, AmericanBulls is a sister site for a bunch of other similarly named sites which are country specific. I can see BritishBulls.com, FrancaisBulls.com, Mexicanobulls.com and a host of others. I suspect they detect your country via ip address or some other method and give you the site for the country that you are in or close to. If the forex information is the same at the sister sites, which appears to be the case, then you probably could just use the site that you are directed to.
Buy, Sell, plus this other thing equals Profit!
Hi Uksoundsz.

Americanbulls just gave me lots f HTML codes when I tried to enter their links.

I too am from the UK and they do have a UKbulls which doesnt do that and will let you move around the site.
Hope this helps
Delta
A couple of trade explorers based off of the CandleSticker system.

https://www.forexfactory.com/oswaldmotape#acct.71

https://www.forexfactory.com/jereajali#acct.62

Each has made their own personal modifications to the system, which is excellent! Ultimately creating your own system that you are personally confident with is the best path to follow.
Buy, Sell, plus this other thing equals Profit!
Hi Jay,

A question: Since you began with this system, how would you say the trades that were left open over the weekend have fared overall?

Thanks for sharing your idea with the community, I am paper trading this system as of last Friday, so in about 3-4 months I will have an idea of how the trades do when left open by Friday close.

Thanks, wishing you and everyone on this thread success.
FX-M
In pursuit of freedom!
Quoting FX-Mzala
Hi Jay, A question: Since you began with this system, how would you say the trades that were left open over the weekend have fared overall? Thanks for sharing your idea with the community, I am paper trading this system as of last Friday, so in about 3-4 months I will have an idea of how the trades do when left open by Friday close. Thanks, wishing you and everyone on this thread success. FX-M
Thanks for the question, sometimes there is a good gap up to the account over the weekend and sometimes there is a gap down, overall in the end I think it evens itself out or even presents a small profit. Watching this for the past few months my preference is to see a small gap down after the weekend leading to a reversal in direction, but if I get a gap up that's fine too.

Good luck with the paper trading and please inform us as to your conclusions when you have them.
Buy, Sell, plus this other thing equals Profit!
Quoting Miss Delta
Hi Uksoundsz. Americanbulls just gave me lots f HTML codes when I tried to enter their links. I too am from the UK and they do have a UKbulls which doesnt do that and will let you move around the site. Hope this helps Delta
That works - much appreciated !
Three buys today, eurchf, eurjpy, and eurusd.
Buy, Sell, plus this other thing equals Profit!
Quoting jereajali
Bitcoin Signal {image} {image}
Now, Bitcoin signal is "stay long".
Why?
Hi team,

FYI:
So as part of my paper trading test I am taking all signals as posted on American Bulls and doing my own analysis and noting on the side (PA with S/R and trend lines), I will then analyse winners and losers to see if the ones that are taken at S/R are more profitable than those taken in the middle of "nowhere" or not. May be a good filter.

Cheers,
FX-M
In pursuit of freedom!
So far so good.

1. check american bulls for signal
2. confirm pattern for entry on candlesticker
3. enter
4. enjoy the rest of the day.



will revert with details

thanks again Jay
Tough week so far!!
Quoting uksoundz
Tough week so far!!
Hahahaaaa.......for real!

Cheers.
look at that drawdown my friend, got to filter those signals and reduce lot size
agree. maybe not all signals are positive. choose those have >60% winning rate pattern
Jay try to filter the trades using myfxbook. There you could see retail positions.
Look for % of retailers long vs short.
If for example long positions are 70% or more than we go the other way we go short. ( so we trade against retail)
But the volume must be above 5000 .
In the pic. Usdcad is 88% short with 7466 volume above 5000. Everything is in order.
So we are looking for longs.
So if you get a candlestick pattern for long take it.
Attached Image (click to enlarge)
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