Daren, I know you are trading USD pairs now. But, say for the next week, how do you narrow 25 pairs to a few? I understand the technique, but let's say there are 8 setups at once? How do you narrow to 2?
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i look at the most obvious with my templates. the best , the best patterns start of week, and the 50% range of mon tuesday. you need to back test. once you do you will the same thing over and over again and stops you forcing trades
{quote} i look at the most obvious with my templates. the best , the best patterns start of week, and the 50% range of mon tuesday. you need to back test. once you do you will the same thing over and over again and stops you forcing trades
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Good Answer, mate..."forcing", especially forcing part...
{quote} there are a few but i recommend you dont use an indicator at this stage, you will get good at spotting set ups if you practice
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one more suggestion to improve the indicator,the line on the 4th candle can be drawn until it is broken.thanks for putting all the effort and sharing with us.
Looking at the smaller picture (h4 tf), I would assume this would be the PERFECT setup. Where bar 4 is a Pinbar. This looks like an ideal trade setup to me.
{quote} Looking at the smaller picture (h4 tf), I would assume this would be the PERFECT setup. Where bar 4 is a Pinbar. This looks like an ideal trade setup to me.
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as long as it fits in the 4 bar pattern then yes its a good set up
{quote} Daren what do u mean by candle close with expansion? sorry for this question.it may be stupid,but i wnat to learn from you.
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after candle 4 is breached, a big expansion is expected, look at all my signals today, soon as the hourly candle closed, it exploded. thats what i mean by expansion. Thats why its important candle is breached and h1 candle closes as many set ups like this fail when the hourly candle does not close.
Hello everyone and congratulations to daz for the awesome thread.
I'm coding an EA for this strategy, I'm almost done.
I would like to know, after the 1 2 3 4 fractal setup on the higher timeframe, how many candles are you willing to wait for the trigger level to be broken on the lower timeframe?
At the moment I coded a versione where the trigger level should be reached in the next lower timeframe candle. This is really difficult so the trades are just a few...
Hello everyone and congratulations to daz for the awesome thread. I'm coding an EA for this strategy, I'm almost done. I would like to know, after the 1 2 3 4 fractal setup on the higher timeframe, how many candles are you willing to wait for the trigger level to be broken on the lower timeframe? At the moment I coded a versione where the trigger level should be reached in the next lower timeframe candle. This is really difficult so the trades are just a few... Thanks
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I was wondering the same thing. If enter on H4, how many H1 candles are you willing to wait to cross and close over the trigger before you void the signal?
Hello everyone and congratulations to daz for the awesome thread. I'm coding an EA for this strategy, I'm almost done. I would like to know, after the 1 2 3 4 fractal setup on the higher timeframe, how many candles are you willing to wait for the trigger level to be broken on the lower timeframe? At the moment I coded a versione where the trigger level should be reached in the next lower timeframe candle. This is really difficult so the trades are just a few... Thanks
