Follow the Candles

My basket opened with 5 pairs:

Well it certainly is a slow basket this week, currently floating around +22 pips profit. With only 4 pairs it might take time to reach TP, lets see how this week goes.

Four pairs for me too.


Good luck all and hopefully some movement by Friday.

Hi,
what happened?
great silence!

Lol, it's Xmas mate. Most traders are taking a break.

There are a number of reasons for that.

One, just like mallee said above, it's holiday time and just like myself I'm sure many members are taking a break and and spending more time away from the forums.

2ndly, this strategy is a weekly approach and I think for some its too slow and boring for them. The majority of retail traders like to trade daily and can't help themselves to stay away from the market, so to trade something that you do only once per week does not fit with their trading style, and that's fine. That being said I am testing a set up that can be traded daily but this needs more testing and I will continue forward testing in the new year.

3rdly, although this strategy can still be traded manually and originally it was, now we have an EA which does everything fully automated so there is no need to hang around watching the charts, it takes the stress of that away.

I used to be like those retailers and felt like I HAD to trade everyday, until I learnt the hard way that you don't need to trade everyday to be profitable, that's why I started changing things up and finding more longer term approach strategies like this one and the CCFp strategy that I like to trade.

Those traders who don't want to sit staring at charts all day will see the value in this approach. Trading is supposed to create more time freedom and this strategy helps to do that, its simple and it works period.

Well with 4 pairs it was a pretty uneventful week closing at nearly -6% for the week.

The basket did peak at around +3% on Wednesday but then took a dive thanks to EURCAD.

Well guys that's it for me, I am closing up all trading for the year and will continue again in 2 weeks on Monday Jan 6th.

Have a happy Christmas everyone and NYE, and see you all next year!

basket closed at -5%

This was not good for the basket the better times ahead guys.

Hi All!

after several profitable weeks, a loss, which I think is a very good result.

Thank you mrdfx!

Happy Holidays.

A GOOD ADVICE:
stop trading on the 2nd week of December every year!!!!!!
BECAUSE:!
What you earn throughout the year, will be returned in December if you do not stop trading!!!
it is based on years of experience!!

Does that loss continue throughout December and then resume upwards again in early January?

No, i trade only on Forex Currencies Pairs

I didn't understand what you mean by "setup file" ? all you need to know about this strategy is in first post and previous pages of this thread.

Merry Christmas everyone!

May you all have a festive and joyous time with your family, friends and loved ones.

Thank you mrdfx
You too.. Good luck

2020 Happy New Year Everyone !

Happy New Year 2020 everyone!

May you all have a prosperous and successful year ahead.

I've subscribed to this thread.

Thank you for sharing this strategy. I wish you a prosperous and profitable 2020.

hey mrdfx

happy new year!

please can you provide updated version, i have a message saying it's expired

thanks, blam

Hey everyone! Happy New Year to you once again, please see attached the latest version with expiry set to 31/01/20.

As it was New Years I was not around to upload it sooner, but no worries as this week its not really a trading week anyway.

See you all on Monday 6th where I'll be starting up some new forward tests for the year and linking a TE for all to monitor and follow along!

Post 1 also updated!