(binned per thread starter's request) Naked Trading With HA Handl

What a quote wow!

Beautiful quote!

Hi guys, I use this indicator to detect trend reversals, try it. AutoTrendLine BT 1.01, You can find it here
AutoTrendLine BT 1.01.mq4 (forex-station.com (https://forex-station.com/attach/file/3431606)

An example

After doing some reading and a stern talking too, the first milestone in the journey is 85% win rate scalping set by cpfleger. The 25 % retracement happens 9 out of 10 times:

The training and practicing continues.......



https://youtu.be/Tzz8MFw7eFM

Now I understand why cpfleger shared a zigzag indicator that provides the pip value for each leg. The education continues......

well done!

Ronin,
You are heading down the right path of trading using the Candles as the communications of The Market.
Mr Velez is absolutely correct about scalping - ohh the majority of retail traders do not know - he invented the term SCALP...
When a trader realizes he does NOT need to trade every hour but one trade per day he / she will wake up with a huge edge.
cpfleger

When a trader realizes he does NOT need to trade every hour but one trade per day he / she will wake up with a huge edge.
cpfleger

Ah this is why the following method works! Now I'm beginning to see the light. This method is now a commercial product, demonstrating what Oliver states is correct.

https://www.forexfactory.com/thread/1032108-dos-daily-open-strategy-easy-to-trade-simple

Ronin,
See screeprint.
cpfleger

Still not quite there on the understanding. Isn't the trade on the chart based on the 25% retracement with one wick as the entry point? And or the one wick candle is potentially the 25%?

Ronin,
It maybe me but I read your earlier message as a comparison to Oliver Velez 25% to 100% candle percentile is stated in the other Forum as you referenced, which is not true because this Forum originator is not basing his strategy on OV Percentile but a length of the candle height in pips...
I do not know of any FF Forum that's talks about OV's Percentile as defined in your earlier screenprint which is the correct way to scalp for the record as Mr. OV invented the term and strategy when he worked in Wall Street as a Trader in the early 80's.
So, the Black Diamond Indicator only helps my bad eyes continuously see 1 Wicked Candles going in the same direction which are momentum candles and the money flow called Volume, so this Indicator supports my decision to continue the trade in that direction and then the relevant candle WICK helps me stay in the trade or exit at no defined percentile because I have no Indicator to mark the wick length or compare to the previous candle wick size yet....But I am working on it soon.
cpfleger

cpfleger from what I have been seeing on my charts 1hr and above is the way to go

Steverino832,
Yes and the real reason why we all have been taught lower TF's is to introduce the Process to our minds as I said in the Trading Blueprint. Too many people think you can walk into a Lambo trading and you cannot, just like any other profession, you must be educated, learn, make mistakes and then a little light will turn on and YOU will wake up years later....
I can scalp any TF, now that's a process master because I learn through the school of hard knocks, the Market has no TF but we use free Trading Platforms and the Market Makers use below the 1 hour TF to control the Volume and Direction, damn greedy Bastards as the brits say.
cpfleger