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Tease Me more @cpfleger

  • #321
  • Sep 22, 2023 5:13am Sep 22, 2023 5:13am
Quoting Ronin-
{quote} Thank you. Have recovered 70 pips of the 200 pip loss so far. If I look at higher timeframes the X has not appeared yet and was wondering to stay in trade longer go up to next timeframe and wait for X to appear for exit. This is just a thought, see what C thinks.
Sometime I do that. Enter on m1 and exit using m5 when there are a lot of big movement like today.
xinitial.
  • #322
  • Sep 22, 2023 5:14am Sep 22, 2023 5:14am
Quoting cpfleger
Gents, Everyone having fun yet ??? You do realize trading is a Business and its okay to enjoy yourselves... cpfleger
Yes. UJ full of fun from asia open .
xinitial.
  • #323
  • Sep 22, 2023 5:16am Sep 22, 2023 5:16am
Quoting cpfleger
Ronin, You may or may not remember me saying in another FF Forum that most retail traders have been taught to perform Multi Timeframe Analysis from Top Down (Daily to the 15M) as the Daily TF provides the directional bias and the 15M TF provides the actual trading TF chart. And what YOU have just said in your past few posts, you are checking the higher TF to validate the Crosses and this may give you an opportunity to keep the trade open, very good young man. I start at the 5M and work my way to the 1 Hour TF as I did last night and pulled over...
Totally agree.
xinitial.
  • #324
  • Sep 22, 2023 5:25am Sep 22, 2023 5:25am
Gents,
And for the record, I still use KoF 1M Countertrend System just to throw over the FF Forum fence and irritate a few people over there that an old man can still make money without the drama and Drawdown.....

The more skills you possess, the less likely you must depend on others for employment.
cpfleger
  • #325
  • Sep 22, 2023 5:26am Sep 22, 2023 5:26am
Gents,
Any Channel System comments or questions..........
Its Friday and the Market will go slow and some News today.
cpfleger
  • #326
  • Sep 22, 2023 6:17am Sep 22, 2023 6:17am
Quoting cpfleger
Gents, Any Channel System comments or questions.......... Its Friday and the Market will go slow and some News today. cpfleger
I still curious about wick, can you please tell me more about wick ?
Below picture shows what I capture from wick lately.
xinitial.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-09-22 180636.jpg Size: 188 KB
  • #327
  • Sep 22, 2023 6:37am Sep 22, 2023 6:37am
xinitial,
Yes, wicks tell you about SR Zones BUT what I am trying to teach you is something different and unique to Volume driven Candles.
Without Volume, we would not have a Market. Candles are just an illustration of Volume by buyers and/or sellers, nothing more or less.

So, every time a candle forms it has 4 elements (open, high, low and close) but we tend to talk about open and close the most, especially EAs, wait till the candle closes, etc. but we do not talk much about the highs and lows only in zig zag conversations.

After many years listening to Oliver Velez, he makes a lot of sense about the power of the candles. Imagine if you had no Indicators and only a Candle, how would you Trade ? By the 4 elements, no SR Zones, No MAs, nothing but 4 elements. Could you do it ? Yes you can by watching and marking the Wicks. The Power of the Candle and its Wicks.

I will demonstrate on a few naked charts via screenprints next.
cpfleger
  • #328
  • Sep 22, 2023 6:44am Sep 22, 2023 6:44am
Quoting cpfleger
Gents, Any Channel System comments or questions.......... Its Friday and the Market will go slow and some News today. cpfleger

Hello!

I have quastion about my order, all i analyze correctly, o have mistake before open position. What i see and think when open position:
We have black box of support, mark X, blue arrows, Price over downtrend channel, candle is blue, and i open buy order before end candle time 3 minutes, i bring auto tp is 5 pips, no rules of 3 bars and opposite mark X.

Earlier i mark red arrow, its correctly bar for open sell order? Because have ressistance red box+red mark X and price go away from chanel.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd15.png Size: 25 KB
  • #329
  • Sep 22, 2023 6:48am Sep 22, 2023 6:48am
demon83,
Firstly, the Black Square is NOT a buy signal, you do NOT have a Blue SR Zone painted yet, please re-read the Rules.
The Black Square is a guide stating a Pullback may happen, read the previous posts over the last 2 days, we have had this conversation before a few times.
We trade off SR Zone directions first.
cpfleger
  • #330
  • Sep 22, 2023 6:48am Sep 22, 2023 6:48am
xinitial,
See initial screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 243 KB
  • #331
  • Sep 22, 2023 6:54am Sep 22, 2023 6:54am
Quoting cpfleger
xinitial, Yes, wicks tell you about SR Zones BUT what I am trying to teach you is something different and unique to Volume driven Candles. Without Volume, we would not have a Market. Candles are just an illustration of Volume by buyers and/or sellers, nothing more or less. So, every time a candle forms it has 4 elements (open, high, low and close) but we tend to talk about open and close the most, especially EAs, wait till the candle closes, etc. but we do not talk much about the highs and lows only in zig zag conversations. After many years listening...
I learned alot from Oliver Velez video and practicing his 20 and 200 method on weekend.
Back to topic, As you say, wicked tells us something, something interesting. That's why I'm even more curious.
xinitial.
  • #332
  • Sep 22, 2023 6:58am Sep 22, 2023 6:58am
xinitial,
Yes but MAs are Directional Bias, the Power of 2's as he calls the system is in the Candle Formations along with two colors.
See next screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 245 KB
  • #333
  • Sep 22, 2023 6:59am Sep 22, 2023 6:59am
Quoting cpfleger
xinitial, See initial screenprint. cpfleger {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 247 KB
  • #334
  • Sep 22, 2023 7:02am Sep 22, 2023 7:02am
Quoting cpfleger
demon83, Firstly, the Black Square is NOT a buy signal, you do NOT have a Blue SR Zone painted yet, please re-read the Rules. The Black Square is a guide stating a Pullback may happen, read the previous posts over the last 2 days, we have had this conversation before a few times. We trade off SR Zone directions first. cpfleger
Thx. I can trade if only i see red or blue box support/ressistance. Next 2 screnn abourt situation on gbpusd. For example i use 5m graphic. and i be ready for trade, because price go away from channel, have blue mark X and what i need its blue box of support and blue arrow. First screan without channel, second with last template, where i see all mark for open buy position. I mark green arrow bar when i need to open position if i tarde on 5m timeframe? I use indicator which screan graphics when open new bar, and analyze past graphics with situation. Thank you for help and teaching me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD M5 2023.09.22 13.45.00 (NewBar).png Size: 12 KB
Click to Enlarge Name: GBPUSD M5 2023.09.22 13.45.00 (NewBar)2.png Size: 18 KB
  • #335
  • Sep 22, 2023 7:03am Sep 22, 2023 7:03am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 213 KB
  • #336
  • Sep 22, 2023 7:03am Sep 22, 2023 7:03am
Quoting cpfleger
xinitial, Yes but MAs are Directional Bias, the Power of 2's as he calls the system is in the Candle Formations along with two colors. See next screenprint. cpfleger {image}
I see light.
xinitial.
  • #337
  • Sep 22, 2023 7:06am Sep 22, 2023 7:06am
Quoting cpfleger
{image}
Ok, no predicting, just act as present candle tells.
xinitial.
  • #338
  • Sep 22, 2023 7:06am Sep 22, 2023 7:06am
demon83,
Your 2nd screenprint with the open Buy trade is semi correct because you waited until the candle closed to open the trade.
We want to open the trade on a 1 wicked candle when it opens. Read the RULES.
Please copy and paste the Rules and follow every step until you can achieve 85% performance.
cpfleger
  • #339
  • Sep 22, 2023 7:11am Sep 22, 2023 7:11am
Attached Image (click to enlarge)
Click to Enlarge Name: image_2023-09-22_191135880.png Size: 16 KB
  • #340
  • Sep 22, 2023 7:13am Sep 22, 2023 7:13am
xinitial,
When we trade naked, candlesticks, bar or HA Candles, we do not have any other indicators to assist or support our DECISION MAKING PROCESS but the previous candle information (open, high, low and close). We tend NOT to discuss these 4 pieces of data BUT they are very helpful in making our trading decisions.
If we opened a sell trade, watch on a specific TF without changing the TF, we can watch and learn the Market do many things - 1) Direction 2) Who has the money flow - sellers 3) Volume 4) Price Action.

If we mark the selling candle into %'s like OV does (25% to 100 or 33%) and see the selling volume go downwards and eventually make a Low and Close the Candle we have received a lot of information and made a profit without any other Indicators. This is why I stated the other day I usually teach newbie Trader the 1 Candle Strategy. Master 1 Candle open and close with a profit, then 2 and eventually 3 Candle Profits stays in the Brain easier and longer than what does all the other Indicators say / do, which leads to confusion.
cpfleger
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