{quote} What is candle 3 doesnt break candle 2, but candle 4 breaks both of them? Is this still a valid setup? Or does candle 3 have to break candle 2?
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I used that on usdchf trade but i am used to it, so yes it is but if your starting id stick to the rules .
{quote} I used that on usdchf trade but i am used to it, so yes it is but if your starting id stick to the rules .
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so "the rules" say that candle 3 must break candle 2 and candle 4 must break candle 3? In sequence........but when trading the break of candle 4 after dropping down TF the very next candle doesn't have to break the level....it can be any candle after that........just as soon as the trigger level has been breached. Is this correct. Sorry for the questions...i'm in process of learning your strategy and reading the thread and going over charts
{quote} so "the rules" say that candle 3 must break candle 2 and candle 4 must break candle 3? In sequence........but when trading the break of candle 4 after dropping down TF the very next candle doesn't have to break the level....it can be any candle after that........just as soon as the trigger level has been breached. Is this correct. Sorry for the questions...i'm in process of learning your strategy and reading the thread and going over charts
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you are right with the rules however the hourly candle must then break and close, not any candle.
if your trading m15 set ups, the 5m candle needs to close,
{quote} you are right with the rules however the hourly candle must then break and close, not any candle. if your trading m15 set ups, the 5m candle needs to close, 5m, 1m candle need to close etc
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Thank you for the clarification. This makes sense. In your picture on Page 1. In your description you say, "Once bar 4 candle closes I want an alert of the break of candle 4". When you say break of candle 4, I tought that you were trading the break of that trigger..not waiting on the close of the first candle once you drop a level. Now it makes more sense...tyvm.
{quote} you are right with the rules however the hourly candle must then break and close, not any candle. if your trading m15 set ups, the 5m candle needs to close, 5m, 1m candle need to close etc
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sorry one more question for clarification. If I'm trading the H4 and get a set up. Once I drop down to the H1 and the first H1 candle doesn't close over the trigger line. Is this the time where you make your decision if you are going to trade this as a "reversal" or wait for the next H1 bar to close over the trigger in the original direction. I read a few pages back where a guy atttempted to lay out the rules to your strategy. I would rather ask you. TY for your help!
{quote} you are right with the rules however the hourly candle must then break and close, not any candle. if your trading m15 set ups, the 5m candle needs to close, 5m, 1m candle need to close etc
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I've seen a lot of these set ups that are losers that aren't being marked on charts. Do you find that tyring to focus on swing highs/lows instead of every 3 bar fractal set up is better? It seems like most losers that i've seen come when the setup is in between the swing high or swing low......basically in no mans land
{quote} I've seen a lot of these set ups that are losers that aren't being marked on charts. Do you find that tyring to focus on swing highs/lows instead of every 3 bar fractal set up is better? It seems like most losers that i've seen come when the setup is in between the swing high or swing low......basically in no mans land
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alot of systems will see lots of loser its when to use them. weekly and daily highs and lows and clear swings, not in any range market.
{quote} sorry one more question for clarification. If I'm trading the H4 and get a set up. Once I drop down to the H1 and the first H1 candle doesn't close over the trigger line. Is this the time where you make your decision if you are going to trade this as a "reversal" or wait for the next H1 bar to close over the trigger in the original direction. I read a few pages back where a guy atttempted to lay out the rules to your strategy. I would rather ask you. TY for your help!
locked in 70 pips now its getting towrds target , if it keeps violating the h1 candle low ill move my tp lower and and trail stop loss, got a feeling this is sinking
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