Daily Chart 3-Candle | Page 64 | 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

  • #1,261
  • Dec 16, 2019 8:21pm Dec 16, 2019 8:21pm
Gpb/Chf and Gpb/Jpy all in profit
  • #1,262
  • Dec 17, 2019 3:18am Dec 17, 2019 3:18am
Quoting jeedy
Gpb/Chf and Gpb/Jpy all in profit
great!
are the white lines on your chart best levels?
trading is like dancing, don't think and just listen to the music!
  • #1,263
  • Dec 17, 2019 3:36am Dec 17, 2019 3:36am
Yes
  • #1,264
  • Dec 17, 2019 6:50am Dec 17, 2019 6:50am
Hi All!!! I am new here. My trading experience is not a big so I don't ask to link to Your telegram group. First, I want to understand Your trading style.
What do You think about these examples?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 123.png Size: 58 KB
Click to Enlarge Name: 123a.png Size: 61 KB
Click to Enlarge Name: 123b.png Size: 64 KB
  • #1,265
  • Dec 17, 2019 12:55pm Dec 17, 2019 12:55pm
Another one
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy-h4-fxtm.png Size: 32 KB
  • #1,266
  • Dec 17, 2019 12:55pm Dec 17, 2019 12:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: chfpln-h4-fxtm.png Size: 46 KB
  • #1,267
  • Dec 17, 2019 10:54pm Dec 17, 2019 10:54pm
Quoting jeedy
{image}
look at the spread;-)
trading is like dancing, don't think and just listen to the music!
  • #1,268
  • Dec 17, 2019 11:34pm Dec 17, 2019 11:34pm
Quoting sandboy
Hi All!!! I am new here. My trading experience is not a big so I don't ask to link to Your telegram group. First, I want to understand Your trading style. What do You think about these examples? {image} {image} {image}
they are valid if price returns to the level, even candles later.
example
https://www.forexfactory.com/showthr...6#post11038376
the level is to be drawn at candle 1 and not candle 2 as shown in your examples.
in your last picture, the level is on the close of green candle 1 for swing high short,
and the open of green candle 1 for swing low long.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,269
  • Dec 18, 2019 1:28am Dec 18, 2019 1:28am
Quoting Silverwater
{quote} I've been using this method with astounding results for quite some time now, however I came to the conclusion that the perfect setups with Bar 3 closing over the close of Bar 1 (as seen on the far left of your chart) are significantly more reliable than entering later after the close of Bar 4 or 5. Lately I've been trading the close of Bar 3 exclusively, so I'm passing on the Euro until I get that perfect setup. At the moment I'm long NZDJPY and AUDUSD.
What you describe are bullish / bearish engulfing candles : keep it simple, it works.

Nice thread (well, gone private now...).

Domo arigato
  • #1,270
  • Dec 18, 2019 6:41am Dec 18, 2019 6:41am
2 shorts tonight
Both closed with small profit after moving SL to BE+
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 24 KB
Click to Enlarge Name: NZDUSDDaily.png Size: 23 KB
Just an opinion. Based on research
  • #1,271
  • Dec 18, 2019 7:26pm Dec 18, 2019 7:26pm
Still having issues with SL. Can I be guided on money management please?
  • #1,272
  • Edited 11:03pm Dec 18, 2019 10:48pm | Edited 11:03pm
Quoting jeedy
Still having issues with SL. Can I be guided on money management please?
i am trading since more than 30years and still have issues with SL. so dont worry, its part of the game. its a psychological thing that u have to cope with. over the years u will learn it...or not. then u will be dropped out of the game like 98% of the people here. its a natural process of only the best will survive. only a handful will be turtles out of 1000 eggs. the same is with trading and u have to be aware of it.
trading is like dancing, don't think and just listen to the music!
  • #1,273
  • Dec 19, 2019 9:56am Dec 19, 2019 9:56am
Ok, thanks for the words
Now maybe someone can share with us their ideas about moving initial SL during the day after the BE?
Just an opinion. Based on research
  • #1,274
  • Dec 20, 2019 1:22am Dec 20, 2019 1:22am
this is apart from this thread.
there is no right or wrong way of placing trailing stops.
just sharing ideas with 2 options out of many. the example is a trending one.
1. fractals - when the lower fractal is taken out, stop loss above the upper fractal ..... until taken out.
2. moving average - exit when candle close above the moving average. 2 averages shown, one shorter, the other longer.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 17 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,275
  • Dec 21, 2019 3:27pm Dec 21, 2019 3:27pm
Am i correct on this one? 4 is the trigger line and 5 is the support or rather best buy level
Attached Image
Striving to be better not the best
  • #1,276
  • Dec 21, 2019 3:39pm Dec 21, 2019 3:39pm
Since am still learning this strategy i want first to be cleared on the basics then i will advance to the levels(best buy and best sell/ S/R
Attached Image
Striving to be better not the best
  • #1,277
  • Dec 21, 2019 3:53pm Dec 21, 2019 3:53pm
And this?
Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 13 KB
Striving to be better not the best
  • #1,278
  • Dec 21, 2019 4:13pm Dec 21, 2019 4:13pm
Quoting birdland
{quote} not trying, DOING!
Review and advice. Still want to do it manually then i will be updating with indicators that were given at the start of the thread.
Attached Image
Striving to be better not the best
  • #1,279
  • Dec 21, 2019 10:54pm Dec 21, 2019 10:54pm
Trade history for last week
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 37 KB
  • #1,280
  • Dec 21, 2019 11:51pm Dec 21, 2019 11:51pm
Quoting PsimsFx
Am i correct on this one? 4 is the trigger line and 5 is the support or rather best buy level {image}
4 swing low buy is correct. 5 is swing low best sell instead of best buy. it was a powerful buy level with the combination of the two methods when candle closed above the 2 levels.

post 1276 correct for both. notice that there were 2 chances each. one at close of candle 3, the other when price came back to the level. entries could also be taken at a lower time frame candle close.
post 1277. the 123 method is correct. as before, the best buy, best sell, you had them in reverse.

below is a summary of the 3 methods i had made sometime ago.
if you are confuse on the best buy best sell, it can be interpreted as:

Swing high Best Buy is at highest Bullish bar low
Swing low Best Sell is at lowest Bearish bar high

1 can be found from post 441 onward. 2 and 3 can be found in post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
ITB - Seeing Orderliness amongst 'Randomness'
0 traders viewing now