[FX/Binary/Nadex] Single Candle S'n'D Technique w/ Low DD's
On an up move, does the wick of bar 3 have to be bang on with the close of bar 2, it can it be a little bit lower than the bar 2 close ??
Dear FF Members, Thank you all for your support, kind words and all the PM's I've received expressing your thanks. It's really appreciated.Some will ask why am I creating another thread when moderating one of them is a painful experience on its own when others who are not on the same page as you pop by just to disrupt the thread.
Simple answer: One or two bad Apples
in the Basket is not going to deter me from spending my free available time to helping those who want to be helped.
Dear FF Members, Thank you all for your support, kind words and all the PM's I've received expressing your thanks. It's really appreciated.
{quote} Master FXCyborg, "Stay well clear of High Impact News Releases; 15 minutes prior, and 30 minutes after." How does one implement the above rule when trading time frames like 4HR and above{or perhaps even hourly} Thanks
{quote} i'm pretty sure if you think about it logically, you'll have the answer and kick yourself. You're thinking from a time frame point of view. I wasn't, I was talking about the actual TIME!
Maybe I should create 2 more threads and completely dominate this entire section that shows the hottest threads LOL
Again neat and interestingly accurate method, FXCyborg. But this one probably 'll require help from some of our FF programming gurus
Here is another example from the EURJPY H1, method 3 Buy from 2 days ago. {image}
Don't modify them please. I Won Competitions using this approach, so kindly dont fix something that is not broken 
{quote} Already tried it, got disliked for having moving averages on the screen. My bad, without those I think fighting the trend with this method will bring about more losses than usual. I don't label the screen because I don;t think people are that stupid, it's an easy method. But it's FXCyborg's thread and it's his rules. I'm not whining, just saying. Regards, Paul
It helps drive the eyes to the focus points being explained {quote} I disliked it not because Im p**sed at you. I prefer to see those setups that are correct and have good labeling to help other here. and no, you dont need that s**t to see where price is going, you can see the lows making new higher lows, or highs making new lower highs. And if you place your diagonal trend line on these, then its a no brainer where the trend is... study HH, LL, LH and HL's and figure out the sequences
{quote} No, where does it say in my example to buy on bar 4? Kindly stick to the rules!
{quote} Yes I'm not stupid I know what a trend is, thinking purely from a programming stand point, easier to detect with an appropriate moving average. Not upset, don't want you be. Let's move on. Regards, Paul
And no, you're wrong, the real price is already there, those crappy crutches you use, how do you think its plotted on the chart? from the actual real time price. By using just candles and throwing away the EMA's, etc, you will get a truer representation of where price is going. EMA's can go sideways for ages. Price is constantly moving, and the highs, lows, and closes gives you all the information you need to predict price {quote} Same deal, how do you think programming AI's is done to do something? Its based on real life rules.
{quote} You said to buy at the close of bar 3, which is usually the same price level as the open of bar 4 is it not ?? At least thats what I see most of the time on the H1 or higher time frames, and thats why my H line is at the same level as the bar 3 close and the bar 4 open -
{quote} S**t, sorry mate. I need to take a weekend off .
