Tease Me more @cpfleger | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

More risk, more profit: is it true? 36 replies

If more and more people long, is it likely moving up? 11 replies

Do you go LONG MORE or SHORT MORE? 12 replies

more knowledge more problems 25 replies

Attachments: Tease Me more @cpfleger
Exit Attachments

Tease Me more @cpfleger

  • #341
  • Sep 22, 2023 7:16am Sep 22, 2023 7:16am
demon83,
See screenprint I made way back on whatever page of this Forum.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 280 KB
  • #342
  • Sep 22, 2023 7:22am Sep 22, 2023 7:22am
xinitial,
As the candle forms selling lower WICK, the Market is telling you Volume, then it settles and reverses back upwards to eventually close the candle (say a 1M TF Chart).
Most retail traders do NOT see what just happened because they focus on the Money and NOT the process (candle formation).

When that selling WICK settled and started to reverse is telling two things - 1) Close 2) Accept the risk coming (reversal risk). Now YOU must make a decision as the Candle will not, they do NOT trade you do...... Its amazing if all you can do is trade 1 candle at a time from its opening to its closure, how would you trade ? Just like I explained, zoom in and act like a Hawk and zero in on the settling WICK, close and say thank you.... No SR Zones, No MAs, No Channel, etc...

The Power of the Candle.
cpfleger
  • #343
  • Sep 22, 2023 7:24am Sep 22, 2023 7:24am
xinitial,
Understand ?
cpfleger
  • #344
  • Sep 22, 2023 7:25am Sep 22, 2023 7:25am
Quoting cpfleger
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...
This means that what I suspected all along turned out to be true. Now the light shines brighter on me.
Thank you for turning the light on.
xinitial.
  • #345
  • Sep 22, 2023 7:29am Sep 22, 2023 7:29am
Quoting cpfleger
xinitial, Understand ? cpfleger
Yes sir, understood. There is light around my head now.
Thank you very very much.
xinitial.
  • #346
  • Sep 22, 2023 7:30am Sep 22, 2023 7:30am
Quoting cpfleger
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
Yes, we wait 1 wicked candle, my open trade is trade from m15 graphics. I put different photo, because i want teach all rules. And you tell me, open position if have red or blue boxs of support/resistance. I see library of screanprint and see this situation on 5m graphics which have all rules to open buy position but on this screan have open positions from m15. Sorry for many timeframe from me.
  • #347
  • Sep 22, 2023 7:34am Sep 22, 2023 7:34am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 224 KB
  • #348
  • Sep 22, 2023 7:42am Sep 22, 2023 7:42am
Quoting cpfleger
{image}
Totally agree, easy to entry, difficult to exit. That is the reason you put X indicator for us to exit.
xinitial.
  • #349
  • Sep 22, 2023 7:45am Sep 22, 2023 7:45am
Every Retail Trader should master the process of the Candle formations which will lead to confidence and great decision making.

Every retail trader seeks the Holy Grail BUT there is no such method, and he / she continues to look BUT the answer is right in front of him - The Power of the Candles.

Indicators are only TOOLS; they enable the trader but also add confusion as the Trader forgets whom the Master Indicator (Tool) is over all of these other Indicators (Tools).

Most traders call it Price Action which is incorrect, price is the financial value placed on the Instrument only (to buy or sell) not the Market as you could remove Price and still have a Market..... no one would be buying or selling but that's not the point (Price is the outcome).

Son as you learn to buy / sell 1 Candle from open to close, the quicker the light bulb will illuminate longer and your performance will improve.
cpfleger
  • #350
  • Sep 22, 2023 7:46am Sep 22, 2023 7:46am
xinitial,
You are learning quickly, use the Tools, learn to earn and eventually you will not need Indicators any more... just the Candles.
cpfleger
  • #351
  • Sep 22, 2023 7:52am Sep 22, 2023 7:52am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 230 KB
  • #352
  • Sep 22, 2023 7:56am Sep 22, 2023 7:56am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 256 KB
  • #353
  • Sep 22, 2023 7:58am Sep 22, 2023 7:58am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 257 KB
  • #354
  • Sep 22, 2023 8:01am Sep 22, 2023 8:01am
Quoting cpfleger
xinitial, You are learning quickly, use the Tools, learn to earn and eventually you will not need Indicators any more... just the Candles. cpfleger
Thank you for all your guidance so far. Your teaching mean alot to me.
xinitial
  • #355
  • Sep 22, 2023 8:04am Sep 22, 2023 8:04am
Quoting cpfleger
{image}
less indicator, less consideration.
xinitial.
  • #356
  • Sep 22, 2023 8:05am Sep 22, 2023 8:05am
Quoting xinitial
{quote} less indicator, less consideration. xinitial.
Exactly, that is why I find price line easier.
  • #357
  • Sep 22, 2023 8:09am Sep 22, 2023 8:09am
Less is Best.

We use Indicators to learn.

We use the Candles to perform.

We use knowledge to earn....

Amen.
cpfleger
  • #358
  • Sep 22, 2023 8:11am Sep 22, 2023 8:11am
Gents,
Your Friday gift, latest and corrected Template with the Black Squares as agreed by Ronin...

Have a great weekend.
cpfleger
Attached File(s)
File Type: tpl ZZ Channel System for FF Forum V1.tpl   14 KB | 331 downloads
  • #359
  • Sep 22, 2023 8:42am Sep 22, 2023 8:42am
Sorry, duty call. Time to take care my wife.
Thank you sir cpfleger. You all just continue... I will study it tomorrow morning.
xinitial.
  • #360
  • Edited 10:07am Sep 22, 2023 9:40am | Edited 10:07am
Slowly working my way up the time frames to keep in this trade.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB

On H1 chart:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB

Got out with 18 pips. Finished for the day. But price still declining and no X yet, so more pips still on the table.
2 traders viewing now