Zero Lag PA

Hello people.

Been trying to find a method to trade PA, and came across this idea a few days back. Figure I’d forward test it. I’m sure this isn’t a ground breaking idea or anything, but thought I’d share it anyway and see what other people think about it, perhaps more heads are better than one.

It’s fairly straight forward.

1. Look for a candle that has just closed near its high or low.
2. If that candle has a smaller range than the previous candle, it’s a candidate for a trade.
3. Consider time of day.
4. Consider current trend.

Now it’s obviously rather subjective and leaves room for all types of questions. Since I’ve only taken one trade with this method, I don’t have all the answers, but I’ll address a few.

I figure it’s probably best to post a few real time trades and address all conditions in real time, as looking at past examples doesn’t truly reflect how your analyzing things when you pull the trigger.

Going to be using the 1hr time frame, so there should be a trade along shortly I suspect.

shorted NZDCAD

1. Candle closed near the low.
2. Candle was smaller than previous candle.
3. 0900 European time.
4. Trend is a little iffy, seems like we have rolled over a bit.

Lets see how it goes.

Took a while, but just covered. Did not take any other trades today. Looks like there where a few other signals, but I'm going to stick to posting/dicussing the trades I take.

Back to try again tomorrow.

short CADJPY

1. Candle closed near the low.
2. Candle smaller than previous candle.
3. 0600 European time.
4. Trend is down.

There where a few other candidates for trades this morning. Right now I have a margin problem, I have 30 euros in my account. So my ability to take multiple trades is null right now. But it got me thinking as to what I would have done if I had the chance to put other trades on. I don't know. I think I'll attempt to keep things as simple as possible for now, pick the trade that I believe has the best chance of working and see it out, unless I have a good reason to exit it. Also a two trade a day limit seems like a good idea.

Intersting matter. For better explanation could you please make a circle on which candle you took the trades with
relative screenshot. Where did you find candle range indicator ?
Thank you a lot and best regards

5. Blow your account

here is my last trade...

the indicator is called Candle Range in Pips, do a search its on FF

lol, perhaps....

Admittedly, this seems no better than tossing a coin. Just figured that I could maybe filter out some of the losses, and make it viable.

stopped out....

Calling it a week, will take a closer look at this again this weekend.

I took a good hard look this weekend, and basically ran across another pattern that looks way more promising. Going to test it out this week, and report back.