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Beating the Odds - Edge Within a Single Candlestick (Explained)

  • #61
  • Mar 25, 2018 7:55pm Mar 25, 2018 7:55pm
This method of trading is exactly the same like what CP has suggested in his extracted post: https://www.forexfactory.com/showthr...43#post3532743

It works, but still need tons of screen time to recognize the context to become profitable.
Simplicity is the key to brilliance
  • #62
  • Mar 25, 2018 11:40pm Mar 25, 2018 11:40pm
Quoting LinFX
This method of trading is exactly the same like what CP has suggested in his extracted post: https://www.forexfactory.com/showthr...43#post3532743 It works, but still need tons of screen time to recognize the context to become profitable.
Nice, that’s exactly right. You know this is an objective ,ethos as he and I arrived to same conclusion. There is nothing new under the sun of forex. Thanks for posting.
Grind until you no longer have to introduce yourself. 4:30am club
  • #63
  • Mar 26, 2018 1:12am Mar 26, 2018 1:12am
Quoting Fxmd
{quote} Nice, that’s exactly right. You know this is an objective ,ethos as he and I arrived to same conclusion. There is nothing new under the sun of forex. Thanks for posting.
No problem. Sharing is caring, bro!

I've also seen few people trading successfully without chart (using dashboard EA) and their strategy is to mix currency strength of specific pairs and the distance of price from current day's opening level. If it's far, they don't trade, if it's just about right, about 10-20 pips from open line, they trade it until price exhaust the daily ADR or exit when their profit target has been reached. a brilliant simplicity.

But core concept stay the same, open line of specific timeframe and the actions around the level.
Simplicity is the key to brilliance
  • #64
  • May 2, 2018 9:17am May 2, 2018 9:17am
Quoting earlroy63
{file}
Greetings Earlroy63,
Would you by any chance have opening of lower time frames, like daily, 4Hr, 1 Hr, etc

Thanks in advance
R
  • #65
  • May 5, 2018 12:32pm May 5, 2018 12:32pm
Quoting LinFX
{quote} No problem. Sharing is caring, bro! I've also seen few people trading successfully without chart (using dashboard EA) and their strategy is to mix currency strength of specific pairs and the distance of price from current day's opening level. If it's far, they don't trade, if it's just about right, about 10-20 pips from open line, they trade it until price exhaust the daily ADR or exit when their profit target has been reached. a brilliant simplicity. But core concept stay the same, open line of specific timeframe and the actions around...
Hi Linx

Can you share with more details this strategy?
Thank's
Regards
JB
  • #66
  • May 3, 2019 4:05pm May 3, 2019 4:05pm
@Fxmd
This was a nice subject.
Any further development on this idea?
  • #67
  • Mar 19, 2021 2:35pm Mar 19, 2021 2:35pm
I really appreciate you for giving out your strategy ,may God continue to bless you .
Is there anything to add or modify to make it perfect ?
  • #68
  • Dec 20, 2021 10:33am Dec 20, 2021 10:33am
Been watching this for a few weeks.

Made some tools also.

The chart just shows the plot of weekly/monthly lines(blue/purple). The oscillator in the paing below, is simply a measure of price AWAY from that zone created by the weekly/monthly lines(Red line absolute value in pips). There is also an orange line that plots an AVERAGE of that line. the average is an SMA of the number of bars in a month.

The 'Market Analyzer' panel simply shows the distance in pips for all pairs, highlights those less than 10 pips. An alert to know which pairs to look at.
Attached Image (click to enlarge)
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  • #69
  • Dec 20, 2021 12:22pm Dec 20, 2021 12:22pm
Quoting forrestang
Been watching this for a few weeks. Made some tools also. The chart just shows the plot of weekly/monthly lines(blue/purple). The oscillator in the paing below, is simply a measure of price AWAY from that zone created by the weekly/monthly lines(Red line absolute value in pips). There is also an orange line that plots an AVERAGE of that line. the average is an SMA of the number of bars in a month. The 'Market Analyzer' panel simply shows the distance in pips for all pairs, highlights those less than 10 pips. An alert to know which pairs to look...
Hi
Thanks for what you did but can't understand properly how is related to the title of this thread
  • #70
  • Dec 20, 2021 12:28pm Dec 20, 2021 12:28pm
Quoting Merka
{quote} Hi Thanks for what you did but can't understand properly how is related to the title of this thread
The original post is marking on your chart, the monthly open, and the second weekly open... and plotting these lines.

That's all my indicator does. That and the ability to have a scanner point out where all the other pairs are in relation to those two lines... I.e., above/below/within the two lines.
  • #71
  • Dec 20, 2021 12:32pm Dec 20, 2021 12:32pm
Quoting forrestang
{quote} The original post is marking on your chart, the monthly open, and the second weekly open... and plotting these lines. That's all my indicator does. That and the ability to have a scanner point out where all the other pairs are in relation to those two lines... I.e., above/below/within the two lines.
Thanks bro
Was just curious if you find that edge with your tool
  • #72
  • Last Post: Aug 6, 2024 5:59am Aug 6, 2024 5:59am
Quoting Fxmd
{quote} Nice, that’s exactly right. You know this is an objective ,ethos as he and I arrived to same conclusion. There is nothing new under the sun of forex. Thanks for posting.
I consider this strategy an order flow strategy approach.

Current Monthly and current week in harmony.

Trade all valid levels in the direction of the dominant trend


( You are trading the internal candle retracement of the dominant current weekly trend with respect to the monthly trend)
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