DislikedGBPJPY is wrong trend? No, i think its a fresh uptrend! Minotawr has post, also such setups. What do you mean Minotawr?Ignored
And TF 1D is below m100
Look this pic: https://abload.de/img/adgsay7joo.jpg
Where do you see up trend?
- #1,067
- Edited 3:00am Jul 6, 2020 2:26am | Edited 3:00am
- Joined May 2008 | Status: Trader | 1,158 Posts
EURAUD H1 short @1.61950 (Frankfrut open) Stop loss @ 1.62190 (24pip) Take profit @ 1.61230 (72pip) {image}
best are V-formation structures
- #1,069
- Jul 6, 2020 3:50am Jul 6, 2020 3:50am
- Joined May 2008 | Status: Trader | 1,158 Posts
I just had a look at the chart........you still have a chance for glory and who would be laughing then??
{quote} Hey my friend, please put all the questions about the EA via private message (PM) on @xmess7. Thanks
but look at this image of EUR/AUD , based on your strategy i should place a sell stop at the yellow line
but as you can see , next candle triggered the sell stop , and then went Higher high over the first candle
wouldn't be better to always wait for the next candle , and then place a Sell limit somewhere in the middle of the first candle , as i can see the market ,most of the time, gives you the opportunity to get a better price before the drop ( or before going up in the up trends )
I've studied a lot of cases , it's really very risky to place a sell stop ( or buy stop )
we should always wait for the next candle and after that 90% of the time we can get a better entry price , or at least same entry price
i'd love to hear your thoughts on this
- #1,073
- Jul 6, 2020 10:29pm Jul 6, 2020 10:29pm
- Joined Nov 2008 | Status: Trader | 4,830 Posts
{quote} It's really a simple strategy you got there but look at this image of EUR/AUD , based on your strategy i should place a sell stop at the yellow line {image} but as you can see , next candle triggered the sell stop , and then went Higher high over the first candle wouldn't be better to always wait for the next candle , and then place a Sell limit somewhere in the middle of the first candle , as i can see the market ,most of the time, gives you the opportunity to get a better price before the drop ( or before going up in the up trends ) I've...
Awesome nickname. Matter of fact... Doom was the game that got my REALLY started into programming.
lol.Please send me a PM and lets discuss this. Its a good idea to use a pending order, in fact I have another approach that does this EXACT thing.
But I would like to discuss and I would like to see your studies. We need to see the numbers and calculate the rate of success when a pending order which is placed sooner than what is currently used. Remember the approach involves not just one candle but a successive set of candles. So just cause a couple of setups would benefit from the pending order being in a different spot, does not mean that the other attempts will yield better results or that the over success rate changes to what we are seeing now.
In my view, I would look to select a time when the market makers have stopped messing with the market and a direction has been established. Then only trade 1 pair each day around those hours. You don't need to be exact, just ball bark. That will yield a tremendous success rate...
Jess
Our AWESOME IMAGINATION is the true holy grail!
- #1,074
- Jul 6, 2020 10:30pm Jul 6, 2020 10:30pm
- Joined Nov 2008 | Status: Trader | 4,830 Posts
{quote} An interesting suggestion and it would be possible to take the middle of the body as an entry. Sometimes there is a strong reversal that follows, and if you find a solution to this local loss, you can trade successfully!
Hey
. There is a solution, but lets see if they can figure it out. its real easy LOL.
Our AWESOME IMAGINATION is the true holy grail!
{quote} Doom: Awesome nickname. Matter of fact... Doom was the game that got my REALLY started into programming.
Thanks for the replay , and yes i named my account because i loved that game years ago
Anyway , first
this is the result of the EUR/AUD
I didn't trade it cause it's not fitting my rules , witch is :
If the next candle went lower low than the first , but it also went higher high , just don't trade , leave it
in other cases you may see the next candle was bearish but went higher high and never reached the lowest low of the first one
like in this pic :
in that case you just wait till the candle that goes lower low and never goes higher high of the first candle , then and only then , you can say the pair is going down
actually i feel like creating a thread of my strategy , simplest ever with one indicator only and the entry is based on price action ( same method we are talking about it here but with some strict , simple rules )
- #1,076
- Jul 7, 2020 2:23am Jul 7, 2020 2:23am
- Joined Aug 2007 | Status: Trader | 2,725 Posts
...SwingMan: Hey
But I'm curious if someone has the time to find out a simple solution ...
The thing with the times could be interesting. I did something like this for statistical evaluation for every 24 hours, with saving it in a .csv file, and it works.
