Daily Chart 3-Candle | Page 35 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

LTC/USD, EUR/USD, GBP/CAD, GBP/NZD, NZD/USD, USD/CAD, USD/JPY, Gold/USD

Similar Threads

Daily Candle On Chart Indicator? 9 replies

Daily candle chart 18,122 replies

Weekly chart with daily candle patterns 2 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Daily Chart 3-Candle
Exit Attachments

Daily Chart 3-Candle

  • #681
  • Oct 15, 2018 2:27pm Oct 15, 2018 2:27pm
Quoting simoneg
{quote} You're welcome wealthpro! The buy setup for me is at 1221.98. Unable to post charts at the moment.
thank you
  • #682
  • Oct 15, 2018 3:10pm Oct 15, 2018 3:10pm
Beautiful long trade on NU...took on my cTrader platform...moving over to MT4
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.png Size: 25 KB
Hero Traders Live to see their Accounts Die!
  • #683
  • Oct 15, 2018 4:41pm Oct 15, 2018 4:41pm
Hi Simoneg

For the GBPUSD daily chart, both are valid long and short set up?

Thanks in advance. Appreciate it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-10-16 at 7.36.50 AM.png Size: 430 KB
  • #684
  • Oct 15, 2018 5:07pm Oct 15, 2018 5:07pm
Quoting NewTrader88
Hi Simoneg For the GBPUSD daily chart, both are valid long and short set up? Thanks in advance. Appreciate it. {image}
yep.
top is a valid reversal swing high sell.
bottom is a valid continuation swing low buy.
ITB - Seeing Orderliness amongst 'Randomness'
  • #685
  • Oct 15, 2018 5:13pm Oct 15, 2018 5:13pm
Quoting Inthebox
{quote} yep. top is a valid reversal swing high sell (which already provided some profit) bottom is a valid continuation swing low buy.
Thank u Inthebox, under what situation we cancel the set ups? I read some of the threads some traders said they missed the set up.
  • #686
  • Oct 15, 2018 5:17pm Oct 15, 2018 5:17pm
buy
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-16_0816.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #687
  • Oct 15, 2018 5:26pm Oct 15, 2018 5:26pm
Quoting NewTrader88
{quote} Thank u Inthebox, under what situation we cancel the set ups? I read some of the threads some traders said they missed the set up.
does not matter whether price moves up or down the setup, it is still valid and not cancelled because going forward price might revisit the setup line again.
the set up is only temporary ignored when price closes below a buy set up or above a sell setup.
later if price closes above the same buy set up, it is still valid.
ITB - Seeing Orderliness amongst 'Randomness'
  • #688
  • Oct 15, 2018 5:45pm Oct 15, 2018 5:45pm
thank u so much Inthebox.
  • #689
  • Oct 16, 2018 12:28am Oct 16, 2018 12:28am
New Version "sm3Candle BestLevelsMTF_v2.2"

Only a small correction:

- the parameter "maxBar" was not taken into account.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4-MTF_v2.2.png Size: 20 KB
Attached File(s)
File Type: ex4 sm3Candle BestLevelsMTF_v2.2.ex4   36 KB | 615 downloads
  • #690
  • Oct 16, 2018 1:04am Oct 16, 2018 1:04am
Hi SwingMan,

I'm not sure why, but this weekly best buy level was missed on EU (week of Sept 9th). This would be very important information for the LONG decision this week. Last Week's Weekly bar close also gave enough information to go long at this level, so that "old" level would be very relevant to the current trading range and week.
Attached Image (click to enlarge)
Click to Enlarge Name: REP1.png Size: 23 KB
Hero Traders Live to see their Accounts Die!
  • #691
  • Oct 16, 2018 1:32am Oct 16, 2018 1:32am
Quoting simoneg
Hi SwingMan, I'm not sure why, but this weekly best buy level was missed on EU (week of Sept 9th). This would be very important information for the LONG decision this week. Last Week's Weekly bar close also gave enough information to go long at this level, so that "old" level would be very relevant to the current trading range and week. {image}
I'm trying to program the history.

Bet BUY Level is available in your Chart. Check the values.
Attached Image
  • #692
  • Oct 16, 2018 1:42am Oct 16, 2018 1:42am
Quoting SwingMan
{quote} I'm trying to program the history. Bet BUY Level is available in your Chart. Check the values. {image}
I see the level for the current swing, but look at the Swing high next to the current. That's the one I'm referring to which would be history. I guess you're saying that you're still working on that?
Hero Traders Live to see their Accounts Die!
  • #693
  • Oct 16, 2018 3:48am Oct 16, 2018 3:48am
Quoting simoneg
Hi SwingMan, I'm not sure why, but this weekly best buy level was missed on EU (week of Sept 9th). This would be very important information for the LONG decision this week. Last Week's Weekly bar close also gave enough information to go long at this level, so that "old" level would be very relevant to the current trading range and week.
Here is a first version with "historical" levels, and I think that for W1 the BUY level is displayed correctly (please test).

Currently only works for the current time frame.

For easier testing, set the parameter "Draw_UpperTF_BestLevels" to true or false.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly-History.png Size: 21 KB
Attached File(s)
File Type: ex4 sm3Candle BestLevelsHist_v1.ex4   38 KB | 742 downloads
  • #694
  • Oct 16, 2018 3:55am Oct 16, 2018 3:55am
Quoting SwingMan
{quote} Here is a first version with "historical" levels, and I think that for W1 the BUY level is displayed correctly (please test). Currently only works for the current time frame. For easier testing, set the parameter "Draw_UpperTF_BestLevels" to true or false. {image} {file}

Thank you SwingMan. Will do. I think you misunderstood my post. I was not saying that your W1 level was incorrect. I was just say that the level you now have marked in the new update was missing.

I thought your last version had addressed this issue.

Thanks.
Hero Traders Live to see their Accounts Die!
  • #695
  • Oct 16, 2018 4:58am Oct 16, 2018 4:58am
Quoting simoneg
... I think you misunderstood my post. I was not saying that your W1 level was incorrect. I was just say that the level you now have marked in the new update was missing. I thought your last version had addressed this issue. Thanks.
If I do not understand what you mean, that's no problem for me.
My wife has been saying for years that I can not understand the women ...

What on can do is e.g.
- to show only the last, or only the penultimate levels.
- or, if the last levels are displayed in the same way as in my chart, on should also draw the penultimate lines with lines to the right
- or on can draw the historical levels as a stair line
  • #696
  • Oct 16, 2018 5:08am Oct 16, 2018 5:08am
Quoting SwingMan
{quote} If I do not understand what you mean, that's no problem for me. My wife has been saying for years that I can not understand the women ... What on can do is e.g. - to show only the last, or only the penultimate levels. - or, if the last levels are displayed in the same way as in my chart, on should also draw the penultimate lines with lines to the right - or on can draw the historical levels as a stair line

The Last Option sounds more feasible SwingMan "draw the historical levels as a stair line"

OR

Consider making them W1 BEST BUY, W2 BEST BUY, W3 BEST BUY etc. If that can work. The principle is that:
the strongest buy level for the next few hours is the H1x BEST BUY that price is now at
the strongest buy level for the current session is the H4x BEST BUY
for the today Dx, for this Week Wx
Hero Traders Live to see their Accounts Die!
  • #697
  • Oct 16, 2018 5:56am Oct 16, 2018 5:56am
Quoting simoneg
...The Last Option sounds more feasible SwingMan "draw the historical levels as a stair line" OR Consider making them W1 BEST BUY, W2 BEST BUY, W3 BEST BUY etc. If that can work. The principle is that: the strongest buy level for the next few hours is the H1x BEST BUY that price is now at the strongest buy level for the current session is the H4x BEST BUY for the today Dx, for this Week Wx
Stair line
Is feasible, but did not like you ...

H1x, H4x, D1x, W1x
To see better the levels, I think on have to draw the lines to the right edge. But on should not write any additional texts because on can not distinguish them!

I see that you need an additional upper level:
Example: (for H1) H4, D1, W1
  • #698
  • Oct 16, 2018 6:12am Oct 16, 2018 6:12am
Quoting SwingMan
{quote} Stair line Is feasible, but did not like you ... H1x, H4x, D1x, W1x To see better the levels, I think on have to draw the lines to the right edge. But on should not write any additional texts because on can not distinguish them! I see that you need an additional upper level: Example: (for H1) H4, D1, W1
Ok SwingMan...however you see it best to represent the levels.
Hero Traders Live to see their Accounts Die!
  • #699
  • Oct 16, 2018 9:44am Oct 16, 2018 9:44am
Bearish 123 forming on GJ H4 at Old weekly best buy and best sell Levels.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ1.png Size: 43 KB
Hero Traders Live to see their Accounts Die!
  • #700
  • Oct 16, 2018 9:46am Oct 16, 2018 9:46am
Short GU H1 Bearish 123 which developed at Weekly Best Sell
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 44 KB
Hero Traders Live to see their Accounts Die!
5 traders viewing now