Gold currently accumulating on the 50line of the 8am bar......either way, ill be in long or short when it breaks! 
Billytt Die happy trading e/j daily breakout
- #46,662
- Jan 23, 2020 5:56am Jan 23, 2020 5:56am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
Gold currently accumulating on the 50line of the 8am bar......either way, ill be in long or short when it breaks!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #46,664
- Jan 23, 2020 7:26am Jan 23, 2020 7:26am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Lol - I'll let Mr T reply to that when he's around.
I can hear Mrs T laughing now
( Dow coming up later)
every Saint has a past. Every Sinner has a Future
- #46,665
- Jan 23, 2020 8:39am Jan 23, 2020 8:39am
- Joined Dec 2018 | Status: Trader | 2,111 Posts
{quote} took 9 on the break short.....looks like it might break long now its already moved about 110pips today, with an atr of 170 ish.....so interesting to see if US reverses the asia move
gotta love gold! Nice h and s on the m15, tied in with the break of the 8am bar north - pips galore! I closed at the weekly open, so left a lot on the table - doh!
- #46,666
- Jan 23, 2020 11:00am Jan 23, 2020 11:00am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Dead Zone for today. Short Bias only. Would have brought the +5 on the pure break South and double that if you had played it WZ (which I would have). Having said that that's what I would have done, I didn't actually trade it, lol. Just sayin'!
Dead Zone UC Short Only
Dead Zone UC Short Only
- #46,667
- Jan 23, 2020 11:21am Jan 23, 2020 11:21am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #46,669
- Jan 23, 2020 4:08pm Jan 23, 2020 4:08pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
@Lem @Billy and others
If anyone want to try, here is the Mr.Green Bar
Nothing new, just an engulfing outside bar, BUT only on m5 and m15. I noticed that this pattern is very reliable taking it blindly, so with the right contextualization it could be a pip-maker.
Now i will post 20 trade opportunities happened today on m5, i taked the first 10 pairs of the dashboard, so no cherry-picking. Give it a look also on your live sessions and let me know.
It would be interesting a dashboard monitoring m5 and m15 (gold, oil, dax, sp500 and natural gas too) that alerts you when this pattern occurs
Trade well
If anyone want to try, here is the Mr.Green Bar
Nothing new, just an engulfing outside bar, BUT only on m5 and m15. I noticed that this pattern is very reliable taking it blindly, so with the right contextualization it could be a pip-maker.Now i will post 20 trade opportunities happened today on m5, i taked the first 10 pairs of the dashboard, so no cherry-picking. Give it a look also on your live sessions and let me know.
It would be interesting a dashboard monitoring m5 and m15 (gold, oil, dax, sp500 and natural gas too) that alerts you when this pattern occurs
Trade well
- #46,670
- Edited 5:27pm Jan 23, 2020 4:09pm | Edited 5:27pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
- #46,671
- Jan 23, 2020 4:57pm Jan 23, 2020 4:57pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
@Lem @Billy and others If anyone want to try, here is the Mr.Green Bar
In the first chart I see four or five that you missed. All but one broke in one direction without coming back the other way as well at any time.
The one that broke both ends, interestingly didn't break until the second bar away, so is that a filter? Who knows...one example is no sample at all.
Something to play with in quiet moments anyway, cheers
- #46,672
- Edited 5:19pm Jan 23, 2020 5:08pm | Edited 5:19pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} So what are you doing? Just bracketing them? In the first chart I see four or five that you missed. All but one broke in one direction without coming back the other way as well at any time. The one that broke both ends, interestingly didn't break until the second bar away, so is that a filter? Who knows...one example is no sample at all. Something to play with in quiet moments anyway, cheers
I'm watching them, yes.
The pattern for be valid must met this rule:
The second (bearish) candle, must break the high of the previous one and closing under the low
If the second candle of the pattern close inside the high/low of the previous candle, the "signal" isn't valid
- #46,675
- Jan 23, 2020 5:23pm Jan 23, 2020 5:23pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} I'm watching them, yes. The pattern for be valid must met this rule: The second (bearish) candle, must break the high of the previous one and closing under the low If the second candle of the pattern close inside the high/low of the previous candle, the "signal" isn't valid
The easiest way to put it, is that the candle on the left must be completely inside the High and Low of the one on the right.
So, ok, you get that. Order above, order below and take the first one?
- #46,676
- Jan 23, 2020 5:23pm Jan 23, 2020 5:23pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} So what are you doing? Just bracketing them? In the first chart I see four or five that you missed. All but one broke in one direction without coming back the other way as well at any time. The one that broke both ends, interestingly didn't break until the second bar away, so is that a filter? Who knows...one example is no sample at all. Something to play with in quiet moments anyway, cheers
Here is the first screen, i just missed one valid setup: the blue one
- #46,677
- Jan 23, 2020 5:26pm Jan 23, 2020 5:26pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} Well yeah. If it didn't it wouldn't be an engulfing candle
No no i would trade it just in the direction of the second candle
- #46,679
- Jan 23, 2020 5:29pm Jan 23, 2020 5:29pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} There's three others to the left of the blue one.
Sorry Lem, but i don't see any setup as i " discovered " it
The second candle must close always over/under "something".
Could you kindly highlight it?
- #46,680
- Jan 23, 2020 5:31pm Jan 23, 2020 5:31pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} No no i would trade it just in the direction of the second candle
In the absence of other influences and in the middle of what could be an established trend, it's considered a likely continuation signal.