Daily Chart 3-Candle

Good morning to everyone ... let's go make some pips ...

Hello all,

The forex market for me opens at 8am UK time.

Is the opening of the market irrelevant to the calculations of the best buy/sell indicator?

Thanks you

It shouldn't make any difference to Swingman's Best BUY / SELL indicator, I don't believe, Rafaz1.

Just the normal difference based on the start time of the 4-Hour candle, which will depend on your broker's specific MT4 server time setting, which they should be able to tell you.

Hi Swingman

I just wanted to say a huge THANK YOU for coding this indicator - it really rocks!

I'm reasonably familiar with Simone's trading system now and have always had fun painstakingly marking the Best BUY / SELL levels then keeping them up to date as the trading day progresses.

Today, I finally worked out how to use your indicator to mark all the time period BEST BUY / SELL levels on a single chart, hence single MT4 template that I can use on all timeframes and all currency pairs. The last finesse was remembering how to move the MT4 Shift button to make sure I can see all the level wording on the right hand side regardless of how much I am zoomed in or zoomed out of the chart.

The way the indicator dynamically adjusts the levels is nothing short of AWESOME!!!

This is creating great dynamic trading opportunities when I see price closing over a critical support level, or bouncing back at a key resistance level.

One thing in particular it is helping me with is having more confidence to get in on an existing trend, at a goodly level too. Previously I have been very frustrated when price races away from my perfect setup in the direction I thought it would go in, before retracing sufficiently to let me get in at an optimum level.

Now, price's reaction to the various Best BUY / SELL levels that are being updated dynamically, is signalling to me clear opportunities to get in, or take profit, as appropriate.

Thank you so much for all your hard work on the indicator - it is very greatly appreciated!!!

Thank you Loudinii for your comments ...

I also think there has been some fabulous work gone on with this indicator and it is dynamic and changing/reacting to the market which is great (although i must admit i think i have only recently worked out the underlying formula/calculation but may still be wrong in my assumption)

I have taken 2 trades today EURUSD and EURCAD with the aid of this indicator as a further confluencing factor to take buys. I use something called True Trend in conjunction with the best buy/sell 3sma indicator. I attach it for everyone to look at.

For the true trend indicator change the parameter settings to; Trend CCI = 20 and Entry CCI 2 then watch how this indicator lets you know the true trend position and when confirmed with the buy/sell 3 sma indicator you can be a lot more confident in taking your buy / sell trades.



Regards
Rafaz

Here is the EURCAD buy trade I took

Hello Everyone,
Do we see 50% retracement on EURUSD Weekly chart?
That would mean EURUSD will way to go up north

Sorry can't attach the chart at the moment

Thanks
R

I hope everyone got in on that Gold run... expect to see more if the markets keep dropping like this.

Hi rookie14,

I'm still bullish but price in a zone now where weekly close is important to determine where next.

Hello Everyone,

I am requesting that no other indicators apart from the ones specific to the system traded here be posted in this thread. If you wish to share your personal files etc please so via pm and keep your charts clean and clear with the indis for this system.

Kind Regards

okay Simone


Thanks
R

simoneg
sorry not about trading. i just feel like forwarding this good advice to the young mother.

Hi Simon,

Is my marking correct?

Thanks in advance.

Thank you Inthebox!
And indeed my family is most important to me.

LOVE IT!

Hi newtrader. This is a 123 pattern but not the ideal setup that I trade. Try to identify the ideals. They are very reliable and powerful.

Also Newtrader. The number 3 bar would have been the lowest bullish bar in your snapshot and the entry line would be and the open price of bar#1 which in this case is the open price of the bullish bar just before that bearish bar at the swing low.

Hi Simon, Thanks for your advise.

What do you mean by ideal setup?

Hi Simon,

I have changed the setup. Am I right to say when u said is not ideal is it bcos Bar 3 didnt closed above bar 1 open price (is bullish candle)?

gbpusd h1 sell

Hi Simon,

I got it, u are referring to that 2 pictures which u posted on the 1st page.