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FX Counting Candles

  • #1
  • First Post: Edited 10:20pm Jun 21, 2023 9:44am | Edited 10:20pm
Hi Everyone,

So ive been trading for a while now, a lot of ups and downs as usual. However, i have a trading friend who has recently told me he has apparently been told a "hack" to the forex system, which involves some sort of counting candles system. All that I've been told is that there is a mathematical formula which calculates the exact price a pair will reach.. The formula compromises of trend calculation/candle counting etc, I haven't been told it at all as its something that cannot be shared.

Looking for anyone that may have an idea about this, and is willing to give abit more information
  • #2
  • Jun 21, 2023 12:18pm Jun 21, 2023 12:18pm
Quoting fx.II
Hi Everyone, So ive been trading for a while now, alot of ups and downs as usual. However, i have a trading friend who has recently told me he has apparently been told a "hack" to the forex system, which involves some sort of counting candles system. All that I've been told is that there is a mathematical formula which calculates the exact price a pair will reach.. The formula compromises of trend calculation/candle counting etc, I haven't been told it at all as its something that cannot be shared. Looking for anyone that may have an idea about...
Part of the market is fundamental, so there is no method with a 100% win rate. In my opinion, with risk management, good results can be achieved using methods such as martingale or methods by considering the market angle or trend in multiple time frames.
In my opinion, you can use an approximate value like ATR to determine the limit of profit or limit of loss.
Learning, science and knowledge are beautiful.
  • #3
  • Jun 21, 2023 1:23pm Jun 21, 2023 1:23pm
Yes i understand that, but i do believe some people might have cracked the algo
  • #4
  • Jun 21, 2023 5:51pm Jun 21, 2023 5:51pm
Quoting fx.II
Hi Everyone, So ive been trading for a while now, alot of ups and downs as usual. However, i have a trading friend who has recently told me he has apparently been told a "hack" to the forex system, which involves some sort of counting candles system. All that I've been told is that there is a mathematical formula which calculates the exact price a pair will reach.. The formula compromises of trend calculation/candle counting etc, I haven't been told it at all as its something that cannot be shared. Looking for anyone that may have an idea about...
A LOT, not ALOT. No such word.
All you touch and all you see, is all your life will ever be.
  • #5
  • Jun 21, 2023 5:53pm Jun 21, 2023 5:53pm
Quoting davoud.da
{quote} Part of the market is fundamental, so there is no method with a 100% win rate. In my opinion, with risk management, good results can be achieved using methods such as martingale or methods by considering the market angle or trend in multiple time frames. In my opinion, you can use an approximate value like ATR to determine the limit of profit or limit of loss.
Martingale will send you broke, very quickly.
All you touch and all you see, is all your life will ever be.
  • #6
  • Jun 21, 2023 10:21pm Jun 21, 2023 10:21pm
Quoting Loftboy
{quote} A LOT, not ALOT. No such word.
very helpful…
  • #7
  • Jun 22, 2023 6:46am Jun 22, 2023 6:46am
Quoting Loftboy
{quote} Martingale will send you broke, very quickly.
I think it is good to do 2 or 3 steps martingale with loss limit. For example, if rsi is saturated with your desired settings in 3 or 4 time frames at the same time, enter the trade with a smaller time frame. In another case, for example, if the rsi is in the saturated zone in the direction of the market trend. Of course, any tool can be used, for example TMA.
I experimentally use the multiplication of fixed numbers in ATR140 to determine the profit limit, loss limit and each step of the martingale method or trading in the direction of the trend.
Learning, science and knowledge are beautiful.
  • #8
  • Jun 22, 2023 7:13am Jun 22, 2023 7:13am
Quoting Loftboy
{quote} Martingale will send you broke, very quickly.
You can download "Display Multi Trend Signal V2" from the link below and for example, for RSI14, in the saturated 30 and 70 sections, select the M15, M30, H1, H4 time frames and select the Multi Alert value to 4 so that all 4 time frames are saturated at any time. Receive the signal in Mobile Push.

https://www.forexfactory.com/thread/...3#post14438173
https://www.forexfactory.com/attachm...4?d=1685040976

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Learning, science and knowledge are beautiful.
  • #9
  • Jun 26, 2023 11:38am Jun 26, 2023 11:38am
Has anyone else discovered a “hack” which they can share?
  • #10
  • Jun 27, 2023 4:52am Jun 27, 2023 4:52am
In my opinion, it is probably possible to make excellent trades by using multi-time frames and combining several indicators.
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Learning, science and knowledge are beautiful.
  • #11
  • Jun 27, 2023 4:54am Jun 27, 2023 4:54am
Quoting davoud.da
In my opinion, it is probably possible to make excellent trades by using multi-time frames and combining several indicators. {image}{image} {image} {image}
Of course, in my opinion, every method must be tested in reality.
Learning, science and knowledge are beautiful.
  • #12
  • Jun 27, 2023 12:31pm Jun 27, 2023 12:31pm
Quoting davoud.da
In my opinion, it is probably possible to make excellent trades by using multi-time frames and combining several indicators. {image}{image} {image} {image}

combining timeframes is powerful, if you understand what the charts are telling you, then you are winning. However market structure is also important.
  • #13
  • Jun 28, 2023 7:00am Jun 28, 2023 7:00am
Quoting fx.II
Hi Everyone, So ive been trading for a while now, a lot of ups and downs as usual. However, i have a trading friend who has recently told me he has apparently been told a "hack" to the forex system, which involves some sort of counting candles system. All that I've been told is that there is a mathematical formula which calculates the exact price a pair will reach.. The formula compromises of trend calculation/candle counting etc, I haven't been told it at all as its something that cannot be shared. Looking for anyone that may have an idea about...
Hi FX.II,

When I read you post two things came to my mind that I looked into some time back.

1. Kenison Counting Number by Bruce Kenison. There is a PDF out there for this method.

2. Book: Forex Trajectory, or Trajectory Forex. Not sure which or the author. Ask everyone's friend Google to guide you.

Thought provoking thread, but that hack your friend told you about will be very elusive if it even exists.

Maybe you can convince you friend to finally share what he or she has discovered.

I wish you the best in your effort to make that great discovery. Please do share if you're given the hack.
____________________________________________________________________________________
  • #14
  • Jun 28, 2023 9:40am Jun 28, 2023 9:40am
Quoting acetrader
{quote} Hi FX.II, When I read you post two things came to my mind that I looked into some time back. 1. Kenison Counting Number by Bruce Kenison. There is a PDF out there for this method. 2. Book: Forex Trajectory, or Trajectory Forex. Not sure which or the author. Ask everyone's friend Google to guide you. Thought provoking thread, but that hack your friend told you about will be very elusive if it even exists. Maybe you can convince you friend to finally share what he or she has discovered. I wish you the best in your effort to make that great...

thanks for your reply. Appreciate the suggestions, highly doubt that I will get the hack as it’s closely guarded.
  • #15
  • Jun 28, 2023 1:49pm Jun 28, 2023 1:49pm
Total Bull Shit and your friend has nothing to share with you. Stop wasting your precious time and get to HARD Work of testing and backtesting and hopefully in a few years you will have a winning technique.
  • #16
  • Jun 28, 2023 6:41pm Jun 28, 2023 6:41pm
Quoting driven18
Total Bull Shit and your friend has nothing to share with you. Stop wasting your precious time and get to HARD Work of testing and backtesting and hopefully in a few years you will have a winning technique.
I'm not really wasting my time finding it, I already have a profitable strategy. I just thought why not ask everyone to see if someone knows about it.
  • #17
  • Last Post: Jun 28, 2023 6:47pm Jun 28, 2023 6:47pm
Quoting fx.II
Hi Everyone, So ive been trading for a while now, a lot of ups and downs as usual. However, i have a trading friend who has recently told me he has apparently been told a "hack" to the forex system, which involves some sort of counting candles system. All that I've been told is that there is a mathematical formula which calculates the exact price a pair will reach.. The formula compromises of trend calculation/candle counting etc, I haven't been told it at all as its something that cannot be shared. Looking for anyone that may have an idea about...
Just read Laura T's Roadmap thread. It works like a charm.
All you touch and all you see, is all your life will ever be.
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