DislikedGuys, when u look at the D1 Candle do u pay attention to size and shape of the candle( for example hammer or shooting star) or only RED or GREEN for Sell or Buy ?Ignored
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DislikedGuys, when u look at the D1 Candle do u pay attention to size and shape of the candle( for example hammer or shooting star) or only RED or GREEN for Sell or Buy ?Ignored
Disliked{quote} The D1 candle is a dynamic price action in progress, unless you’re talking about the previous day candle which is already set and closed. Take a look at the D candle below, at the open and until the NY open it was red, then after NY open it reversed. So before that you would have taken sell trades if the RSI was below 50, I took two sell trades, then after that the candle became green and RSI was above 50 so I took a long trade exited when the rsi histo changed color. By that time the D candle started to have a longer upper wick and there...Ignored
Disliked{quote} it looks like most of your trades are reversals after the MAs cross back over into the direction of the daily candle rather than pull backs into an ongoing trend. is this a different type of entry than the entry in the first post?Ignored
Disliked{quote} The D1 candle is a dynamic price action in progress, unless you’re talking about the previous day candle which is already set and closed. Take a look at the D candle below, at the open and until the NY open it was red, then after NY open it reversed. So before that you would have taken sell trades if the RSI was below 50, I took two sell trades, then after that the candle became green and RSI was above 50 so I took a long trade exited when the rsi histo changed color. By that time the D candle started to have a longer upper wick and there...Ignored
Disliked{quote} Thank you so much. What about pair selection, when u see FAT candle on EURUSD as example do u stay in that pair for the rest of the day if all day green candle will stay or u look for more pair and trade multiply pair in the same time. Im trying to get myself discipline, need advise pleaseIgnored
Dislikedquick one. i did also lose one earlier, though. it does seem like london open has the best trade opportunities, at least on the few pairs i follow. {image}Ignored
Disliked{quote} For your last GU sell, my indicator did not show a red bar yet. Based on the MFI, it's not below the 50 line. But on yours it's red. How are you calculating the RSI and MFI? {image}Ignored
Disliked{quote} I am using the RSI and MFI bar, overlaid on top of each othe in one window. If you do that you will find that the RSI overpowers the MFI bar which I find useful and less confusing.Ignored
Disliked{quote} I think so, yes, I just kept is because I did not do any testing without it and did not want to change the original recommendations from the creator. PS: I just checked the settings of my MFI and found that the default is 15 not 14, try it and see if it will show red for you too. The RSI default is 7 not 8, I did not not change them from whoever uploaded them so I assumed they're the same.Ignored
DislikedI was wonder if will be possible to create telegram group for that trading system so we can all share ideas and live trading it will be much more fasterIgnored
DislikedEntry on the break. I started trading M15 instead of M5 and I'm having more success. Trying SL 20 pips and TP 20 pips on M15. Edit: note that MFI is not in confluence {image}Ignored