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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #4,361
  • Mar 25, 2020 12:29am Mar 25, 2020 12:29am
Quoting FXChaser
Hi Dimdel, You have been trading this method for quite a few years now. Can you summarize how you currently trade this? For example, do you trade the daily time frame for a few pairs trading every candle or every candle change? Thanks!
hi
i use h4+d1
  • #4,362
  • Mar 25, 2020 4:00am Mar 25, 2020 4:00am
Quoting dimdel
{quote} hi i use h4+d1
dear dimdel ....when you trading with 4H time frame are you consider higher time frame trend ? or do you put order based on just closed candle color ? (closed candle green buy /red sell order ) and also how do you apply the support & resistant area for the get orders ?
  • #4,363
  • Mar 25, 2020 4:57am Mar 25, 2020 4:57am
Quoting sam1967
{quote} dear dimdel ....when you trading with 4H time frame are you consider higher time frame trend ? or do you put order based on just closed candle color ? (closed candle green buy /red sell order ) and also how do you apply the support & resistant area for the get orders ?
hi sam
well d1 and 4h maybe have same direction orders or not,
just seperate trtading view

s/r must see D/W/M chart for big picture
  • #4,364
  • Mar 25, 2020 7:18am Mar 25, 2020 7:18am
Quoting dimdel
{quote} hi sam well d1 and 4h maybe have same direction orders or not, just seperate trtading view s/r must see D/W/M chart for big picture
thanks dear dimdel for your reply.. still i am confusing to get trade from 4h time frame. because daily we know after close day 1 we can put order according to the candle color. but in 4 h time frame are you take order ,considering what ever candle close in every 4 h.
  • #4,365
  • Mar 25, 2020 8:02am Mar 25, 2020 8:02am
Quoting dimdel
{quote} hi i use h4+d1
Hi!

One more question. Every candle or every new color?

Thanks Again!
  • #4,366
  • Mar 25, 2020 9:14am Mar 25, 2020 9:14am
Quoting sam1967
{quote} thanks dear dimdel for your reply.. still i am confusing to get trade from 4h time frame. because daily we know after close day 1 we can put order according to the candle color. but in 4 h time frame are you take order ,considering what ever candle close in every 4 h.
well
example

d1 candle close green , so i put long order
but after 4 hours ( in H4 ) i have red candle so i put short
i have also 2 MM strategy 1 for daily orders and 1 for 4h , but always total daily risk (example 3 or 5 or 8%)
  • #4,367
  • Mar 25, 2020 9:18am Mar 25, 2020 9:18am
Quoting FXChaser
{quote} Hi! One more question. Every candle or every new color? Thanks Again!
hi
combination
  • #4,368
  • Mar 25, 2020 9:42am Mar 25, 2020 9:42am
Quoting dimdel
dax must go there will see.... {image}
16/3
i wanted target at 8130
ok its done
Attached Image


now i want target at 10500

Attached Image (click to enlarge)
Click to Enlarge Name: 25_3.png Size: 23 KB


lets see if......
  • #4,369
  • Mar 25, 2020 1:02pm Mar 25, 2020 1:02pm
Quoting dimdel
{quote} well example d1 candle close green , so i put long order but after 4 hours ( in H4 ) i have red candle so i put short i have also 2 MM strategy 1 for daily orders and 1 for 4h , but always total daily risk (example 3 or 5 or 8%)

ok thanks a lot dear...i got the point
  • #4,370
  • Apr 9, 2020 12:05am Apr 9, 2020 12:05am
Quoting dimdel
{quote} 16/3 i wanted target at 8130 ok its done {image} now i want target at 10500 {image} lets see if......
hi
hit TP
  • #4,371
  • Apr 9, 2020 12:11am Apr 9, 2020 12:11am
NEXT TARGET 10800

Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 24 KB
  • #4,372
  • Apr 9, 2020 2:45am Apr 9, 2020 2:45am
Quoting sam1967
{quote} ok thanks a lot dear...i got the point
dear dimdel... still i have facing some problem with getting more pips. in my question dear are you consider the current trend of the pair when you put order (exg. when 4h time frame down trend we only watch sell setup ???)
  • #4,373
  • Apr 9, 2020 6:15am Apr 9, 2020 6:15am
Quoting sam1967
{quote} dear dimdel... still i have facing some problem with getting more pips. in my question dear are you consider the current trend of the pair when you put order (exg. when 4h time frame down trend we only watch sell setup ???)
no
in this strategy must see only the candle trend (color)
if you want add more risk then put more lots in the same direction and the half in opposite direction orders
  • #4,374
  • Apr 9, 2020 7:34am Apr 9, 2020 7:34am
I have an idea that someone with some time available might check and report results.
Here is an example to get you started.

Put H4 and H1 side-by-side.
After H4 closes, look at the H1 chart. Place pending orders above the high and below the low of the closed H1 bar. Whichever direction gets triggered, cancel the other pending order.

If the H4 bar was green you will have a bias that price will go up; if the H4 bar was red, you have a bias that price will go down. This only a bias; the break of the H1 bar will decide the trade, if any.

Bar 1: H4 closed green, up bias.
Last H1 bar closed red, then the next H1 bar broke above the high, triggering a buy.
This trade matched the H4 bias.

Bar 2: H4 closed green, up bias.
Last H1 bar closed green, then next H1 bar broke the low, triggering a sell.
This trade was opposite the H4 bias.

Bar 3: H4 closed red, down bias.
Last H1 bar closed red, then next H1 bar broke the low, triggering a sell.
This trade matched the H4 bias.

Bar 4: H4 closed green, up bias.
Last H1 bar closed green, then all 4 of the following H1 bars (that comprise the H4 bar 5) were inside that last H1 bar, resulting in no entry triggered.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
To free Gazans of Hamas, use whatever it takes.
  • #4,375
  • Apr 9, 2020 11:50pm Apr 9, 2020 11:50pm
Quoting dimdel
{quote} no in this strategy must see only the candle trend (color) if you want add more risk then put more lots in the same direction and the half in opposite direction orders

thanks dear dimdel..for your reply and your valuable time..my question was dear in strong long or sell trend i observe if i have put order for opposite candle mostly can be loss.(please correct me if i am wrong) what i mean if we consider the strong long trend we can see sell candle as a retrace candle and after complete the relevant sell candle again mostly perform buy candle and continue the same trend. in that case if we put sell order for that sell candle it can be loss . please enplane dear how can we avoid this situation.
  • #4,376
  • Apr 23, 2020 12:16am Apr 23, 2020 12:16am
Quoting dimdel
NEXT TARGET 10800 {image}
ok hit the target

Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 16 KB
  • #4,377
  • Apr 23, 2020 12:27am Apr 23, 2020 12:27am
next setup

Attached Image (click to enlarge)
Click to Enlarge Name: dax_2.png Size: 25 KB
  • #4,378
  • May 6, 2020 6:16pm May 6, 2020 6:16pm
Quoting dimdel
{quote} well example d1 candle close green , so i put long order but after 4 hours ( in H4 ) i have red candle so i put short i have also 2 MM strategy 1 for daily orders and 1 for 4h , but always total daily risk (example 3 or 5 or 8%)

Hi dimdel,

Please can you tell us your 2 MM u use?

Thanks
  • #4,379
  • May 11, 2020 11:22am May 11, 2020 11:22am
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 37 KB
  • #4,380
  • May 11, 2020 12:07pm May 11, 2020 12:07pm
Maybe you could give a clue as to what you want us to look for?? With such a dark and hard to read image with no text to explain anything, I just skip over it.
To free Gazans of Hamas, use whatever it takes.
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