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Daily Chart 3-Candle

  • #561
  • Oct 9, 2018 5:24am Oct 9, 2018 5:24am
Quoting simoneg
{quote} Hi Inthebox, The indicator is still being worked on so right now you will realize that the signals are being given before the fractal structure is completed, which is not good.
thanks. noted to trade only when 5 bar swing is completed.
in this case of best sell, the level is at the high of bar 3 (because it has the lowest bearish bar low) and not high of bar 5, right?
ITB - Seeing Orderliness amongst 'Randomness'
  • #562
  • Oct 9, 2018 5:25am Oct 9, 2018 5:25am
AUDUSD H4 best buy / best sell levels now acting as support.
Attached Image (click to enlarge)
Click to Enlarge Name: EXAMPLE2.png Size: 127 KB
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  • #563
  • Oct 9, 2018 6:40am Oct 9, 2018 6:40am
Quoting Inthebox
{quote} thanks. noted to trade only when 5 bar swing is completed. in this case of best sell, the level is at the high of bar 3 (because it has the lowest bearish bar low) and not high of bar 5, right?

Sorry Inthebox...school morning. I have attached my chart with the level marked. Its the Lowest Bearish Bar High at the Swing Low.
Attached Image (click to enlarge)
Click to Enlarge Name: EXAMPLE3.png Size: 127 KB
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  • #564
  • Oct 9, 2018 7:05am Oct 9, 2018 7:05am
Quoting simoneg
{quote} Sorry Inthebox...school morning. I have attached my chart with the level marked. Its the Lowest Bearish Bar High at the Swing Low. {image}
ahh.... it's the bearish bar with the lowest high. you are a busy lady. enjoy your morning.
ITB - Seeing Orderliness amongst 'Randomness'
  • #565
  • Oct 9, 2018 7:08am Oct 9, 2018 7:08am
Quoting Inthebox
{quote} ahh.... it's the bearish bar with the lowest high. you are a busy lady. enjoy your morning.

You're welcome Inthebox...one 5yo and one 11mo are enough to keep my hands tied. Balancing as best as possible. Thank you...you too.
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  • #566
  • Oct 9, 2018 7:09am Oct 9, 2018 7:09am
Watching Gold's reaction to best buy at 1184.62 which is also last week's low.
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  • #567
  • Oct 9, 2018 7:22am Oct 9, 2018 7:22am
USDCAD showing weakness at weekly best sell and round 1.3000. Let's see.
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  • #568
  • Oct 9, 2018 7:49am Oct 9, 2018 7:49am
Took those initial entries on the POUNDS...
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  • #569
  • Oct 9, 2018 8:00am Oct 9, 2018 8:00am
Hi Simoneg,

Nice thread you have here.

Cheers.
Ron.
  • #570
  • Oct 9, 2018 8:02am Oct 9, 2018 8:02am
Quoting RonFXLive
Hi Simoneg, Nice thread you have here. Cheers. Ron.
Thank you Ron!
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  • #571
  • Oct 9, 2018 8:02am Oct 9, 2018 8:02am
Quoting simoneg
{quote} Thank you Ron!
Well done and keep it up.
  • #572
  • Oct 9, 2018 8:15am Oct 9, 2018 8:15am
hi simoneg
do you consider this a valid swing high sell when bar 3 did not close below it? but only later by bar 4 or 5.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #573
  • Oct 9, 2018 8:18am Oct 9, 2018 8:18am
Quoting Inthebox
hi simoneg do you consider this a valid swing high sell when bar 3 did not close below it? but only later by bar 4 or 5. {image}
That would have been a good short (taken on a lower tf) , but look at what's happening now at this Swing Low, where the market sold a little then completely rejected sellers closing back above the best sell and creating a 3 Bar Buy Setup.


Also keep in mind that a BEST BUY LEVEL is right there, so if buyers mean business, price will close above it and continue from there.

Always wait to see how price treats the level.
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  • #574
  • Oct 9, 2018 8:33am Oct 9, 2018 8:33am
Quoting simoneg
{quote} That would have been a good short (taken on a lower tf) , but look at what's happening now at this Swing Low, where the market sold a little then completely rejected sellers closing back above the best sell and creating a 3 Bar Buy Setup. Also keep in mind that a BEST BUY LEVEL
i was wondering whether the swing high sell would be the exit point for my buy. unless there is further development with sell signal.
ITB - Seeing Orderliness amongst 'Randomness'
  • #575
  • Oct 9, 2018 8:38am Oct 9, 2018 8:38am
Quoting Inthebox
{quote} i was wondering whether the swing high sell would be the exit point for my buy. unless there is further development with sell signal.
It depends on your trading personality. You could choose to take profit there, then wait for another trade decision. However you are most comfortable.
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  • #576
  • Oct 9, 2018 3:23pm Oct 9, 2018 3:23pm
Quoting simoneg
Took those initial entries on the POUNDS... {image} {image}
Makes sense
and probably from the t/p level we can look for short entry

Thanks
R
  • #577
  • Edited 10:44am Oct 10, 2018 4:25am | Edited 10:44am
This morning (UK time), I went long on the Swissie (USD/CHF) when it started to bounce back up off the Daily Best BUY line which I have at 0.99091.

It also did a decisive 4-Hour close above both the 4-Hour Best SELL and Daily Best SELL lines, which has to be a bullish sign.

Now heading towards the 4-Hour Best BUY, so a close above that would be a solid bullish indication.

So far so good.

Am also short the Euro (EUR/USD).

POST SCRIPT at 15:42 UTC - Isn't it great when life gets in the way of your amazing plans? Maybe as Simone counselled, I should have been more careful trying to trade this little Buy/Sell zone ... I got out of these two trades as soon as it became clear it wasn't going to work out.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h4-admiral-markets-as-2.png Size: 25 KB
  • #578
  • Oct 10, 2018 5:05am Oct 10, 2018 5:05am
GM/GN everyone. Booked all profits before Sydney yesterday. All pairs positioned in a tight little buy/sell zone. Trade cautiously. Waiting to see what the picture looks like at the next H4 close.
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  • #579
  • Edited 5:54am Oct 10, 2018 5:42am | Edited 5:54am
New Version "sm3Candle BestLevelsMTF_v1.1"

Some buggs have been corrected.

Note: if you want to have other TFs, you can load the indicator again and set the Parameters:
Draw_FractalPatterns = false
Draw_CurrentTF_BestLeveles = false
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHFH4-MTF.png Size: 32 KB
Click to Enlarge Name: USDCHF-D1W1.PNG Size: 35 KB
Attached File(s)
File Type: ex4 sm3Candle BestLevelsMTF_v1.1.ex4   22 KB | 678 downloads
  • #580
  • Oct 10, 2018 5:55am Oct 10, 2018 5:55am
Dear SwingMan,

Is it possible that the thickness of the lines can be amended. I have tried doing this in the trendline settings but it does not retain/save the settings.

Thank you so much for this indicator.

I shall be testing it out

Thank you
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