Daily candle 4 has its low in gold, once a h4 candle closes below it take the trade and place stop loss above bearish pinbar, this trade will be big
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Disliked{quote} Can you explain what you do in more detail buddy? PM . looks interestingIgnored
Disliked{quote} Can you explain what you do in more detail buddy? PM . looks interestingIgnored
Disliked{quote} Hello dazjw2311, I made an indicator for your setup. I think it needs more fine tuning. Please let me know your comments. Br, luis {file}Ignored
DislikedPlease see picture for rules https://i.imgur.com/qstXVuc.png Very simple and very powerful. Huge expansion once high of bar 4 is breached. My entry is based from 5m chart price action, enter on m1 when one minute candle closes above bar 4 on m5 chart. +++++++++CAN ANY PROGRAMMER CREATE AN ALERT FOR THIS PATTERN. WOULD GIVE AMAZING SET UPS ON HIGHER TIME FRAME++++++++++++ {image}Ignored
Dislikedguys please read the rules, i just require a 3 bar fractal. 2 lower highs , 2 higher lows , i never mentioned about any of the candles being a bull candle etc!!! do people actually read the thread? ANYWAY, I MADE 2 LOSSES YESTERDAY ON AUDCAD BECAUSE I NEVER KEPT TRADE 1 IN ( BEARISH SIGNAL) MY STOP WOULD NOT OF BEEN HIT ( NO WHERE NEAR ) NOW ITS MOTORING TO INTITIAL TP. THIS METHOD WORKS IF YOU KEEP TO RULES AND I NEVER DONE THAT YESTERDAY. MY MONEY MANAGEMENT MEANS I AM STILL IN PROFIT FOR THE WEEK ON 2 WINS AND 2 LOSSES. I MADE AN HORRIFFIC MISTAKE...Ignored
DislikedIn fact even then it occurs too often to be significant. I found 3 matches that you excluded from your original example and here's what I found just examining a random day on H1 EU before I gave up. This pattern occurs all the time. {image} {image} So you're selecting these examples based on some (unwritten) criteria even though you might not realize it. I suspect it's based on the steepness of the run that preceded the 3 bar fractal. Until you can specify further this is going to have to remain manual/subjective/discretionary.Ignored
Disliked{quote} Hello dazjw2311, I made an indicator for your setup. I think it needs more fine tuning. Please let me know your comments. Br, luis {file}Ignored
Disliked{quote} Yes thats why you wait for the bar 4 to breach, most of your examples show that pattern but it has not breached. Its working very well, so whisking through a h1 chart with out trial and error doesnt clarify you are right, ive been back testing this and now entering, you have seen my before and afters, i am going to elaborate more but putting a negative spin on something without even trying it or even reading the rules properly is being naiveIgnored
Disliked{quote} Hello dazjw2311, I made an indicator for your setup. I think it needs more fine tuning. Please let me know your comments. Br, luis {file}Ignored