Tease Me more @cpfleger | Page 19 | Forex Factory

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Tease Me more @cpfleger

  • #361
  • Sep 22, 2023 8:02am Sep 22, 2023 8:02am
Ronin,

Is that a smile on your face ???

You better quit now before the Banks come after you young man, they hate losing....
cpfleger
  • #362
  • Sep 22, 2023 8:59am Sep 22, 2023 8:59am
@cpfleger, from ronin last print, SR zone for sell hasn't printed, all we have is the pull back black box and a break of channel. This is where i get confused. For many cases the SR zone prints late but after print the trend last longer. Please i want clearity, thank you sir.
  • #363
  • Edited 4:51pm Sep 22, 2023 9:13am | Edited 4:51pm
Quoting Maxwell09
@cpfleger, from ronin last print, SR zone for sell hasn't printed, all we have is the pull back black box and a break of channel. This is where i get confused. For many cases the SR zone prints late but after print the trend last longer. Please i want clearity, thank you sir.
Absolutely the SR Indicator lags and only appears when the direction is validated. The Sr Indicator had painted on the M5 and M15 but not the H1 yet. I sometimes look through the time frames to understand the direction if that makes sense.
I do not always get it right as we are looking at short term direction

Can wait for a pullback in trend once the SR Indicator has painted to enter?
  • #364
  • Sep 22, 2023 9:31am Sep 22, 2023 9:31am
Maxwell09,
The SR Zones must be painted at least a few Squares to define Direction only as defined in the Rules.
As Ronin stated, he started the trade at a lower TF and slowly moved the TF upwards to extend the trade profitability to the H1 TF.
We DO NOT trade off the SR Zones, we use the Arrows, Candles and the Channel Lines to trade.
cpfleger
  • #365
  • Sep 22, 2023 9:32am Sep 22, 2023 9:32am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 280 KB
  • #366
  • Sep 22, 2023 9:34am Sep 22, 2023 9:34am
Gents,
Learn the RULES, enhance your skills and enable your performance over 85% of daily winners.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 38 KB
  • #367
  • Sep 22, 2023 9:42am Sep 22, 2023 9:42am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 327 KB
  • #368
  • Sep 22, 2023 8:44pm Sep 22, 2023 8:44pm
Quoting cpfleger
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...
I just re-study last night lesson.
It means that we can trade each 1 wick big volume candle in High time frame to gain more pips, and we also can trade the reverse by reading the settling wick.
xinitial.
  • #369
  • Sep 22, 2023 10:55pm Sep 22, 2023 10:55pm
Quoting cpfleger
Gents, Learn the RULES, enhance your skills and enable your performance over 85% of daily winners. cpfleger {image}
In the interests of a clean chart, can we put the arrows in the not needed basket, as they only/always appear on a change of candle colour?

In relation to your last post (367) how many time did the blue cross repaint on the way down? I know you have said indicators are either repainting or lagging, but it's hard studying a chart to review trading opportunities when the indi are not showing as they appeared live.
Good Trading
  • #370
  • Sep 23, 2023 7:39am Sep 23, 2023 7:39am
xinitial,
What Ronin and you are slowly finding out is called a Trend Extension.
Most trader have been taught top down approach to trading. Which may work for some, I tried for years, but I reversed it and found an extension of Pips.
So, I start out on the 5M TF, find a trade setup and slowly watch the wick grow and when it reaches a certain distance away I go up a TF and see if it can be extended in my trade management style. If yes, I continue, if no, I close the trade immediately.
Check your email my man.
cpfleger
  • #371
  • Sep 23, 2023 7:45am Sep 23, 2023 7:45am
aud,
I know all Indicator can become irritating, but they are doing the job - indicating based on present / current incoming Broker feed / speed of data. This we cannot and will never control which is why over 99% of FF Forums complain about re-painting Indicators. They fail to accept we are behind the Brokers feed.

Now we can trade naked, but you will have the opposite issue, when and where does the market (Candle) turn / reverse. Watch a few other FF Forums and you will see and read a lot of comments about "I missed the entry point", "I got it wrong", why - because they are guessing their entry point. Even the great King of Forex has admitted a few times in his YouTube Video's he enters a trade too early. I cannot solve this data feed issue (microseconds of delayed data) but what I do is exit early with profits by accepting this little fact.... The other solution is to trade lower spread Instruments and a higher TF which reduces the bouncing Cross / Arrow symptom.
cpfleger
  • #372
  • Sep 23, 2023 7:45am Sep 23, 2023 7:45am
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 275 KB
  • #373
  • Sep 23, 2023 1:45pm Sep 23, 2023 1:45pm
Quoting cpfleger
Reminder.......... {image}
Hi cpfleger. I have spent most of saturday backtesting method , and watching your screenshots.
You have mentioned about 3 candles exit rule.

What i have found is that in many cases it is hard to get pips if one use 3 candle exit.

I attach 2 screenshots, yours and mine. What i have add are bars with theirs open and close levels.
White arrows are signal candles so entry point are at open of next candle. I have markes that levels with white horizontal lines.
I have also add numbers and blue lines : how the farthest price drop during 3 candles period.
Unfortunately it is not possible to close trade on farthest points because we dont know future, so all trades should be closed after 3 candles on higher(worse) levels.
I'm curious about your opinion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 280 KB
Click to Enlarge Name: Screenshot_1.jpg Size: 220 KB
  • #374
  • Sep 23, 2023 2:14pm Sep 23, 2023 2:14pm
iwan73,
I believe you may have not read the posts correctly, see attached screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 187 KB
  • #375
  • Sep 23, 2023 2:18pm Sep 23, 2023 2:18pm
Gents,
Since no one likes to quote or copy and paste the Rules for this System, I will re-post the complete set of RULES again....
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 59 KB
  • #376
  • Sep 23, 2023 2:21pm Sep 23, 2023 2:21pm
iwan73,
Please read the RULES and I am sure it does state about marking the Candle Wicks as targets for you guys can build confidence and performance on every trade.
cpfleger
  • #377
  • Sep 23, 2023 3:24pm Sep 23, 2023 3:24pm
Gents,
From page 7 as a reminder about the lonely word called - WITHIN.
Please learn that each candle has a Body that changes in size / length along with either 1 or 2 wicks which also change in size / length.
The word WITHIN is implying that 1 candle length can be longer or shorter and this maybe your Exit, so please stare at the attached screenprint and get this strategy in your head now... This is applicable in all TF's and all Instruments, this is the Power of the Candles.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Exit Indicator.jpg Size: 243 KB
  • #378
  • Sep 23, 2023 3:31pm Sep 23, 2023 3:31pm
Forum Summary
For any new Reviewer, this Forum has been written to express the Channel Trading System and what we have done is to start with a clean sheet from page 1 up to page 19 by identifying the type of Candles we use (HA Candles), the candle Arrow, the SR Zones and finally the Channel Indicator. Along the way we have talked about how to open a trade, established a few Rules, how to manage and guarantee a winning trade by marking candle Bodies and Wicks using two TF's, 5 and the 15M only.
The best way to learn a system is to break it down and then roll it upwards into a system with some strategy and rules thrown in.

I would encourage any reviewer to download the system and practice on a Demo account and verify its effectiveness. It works.
cpfleger
  • #379
  • Sep 23, 2023 3:44pm Sep 23, 2023 3:44pm
Quoting cpfleger
Forum Summary For any new Reviewer, this Forum has been written to express the Channel Trading System and what we have done is to start with a clean sheet from page 1 up to page 19 by identifying the type of Candles we use (HA Candles), the candle Arrow, the SR Zones and finally the Channel Indicator. Along the way we have talked about how to open a trade, established a few Rules, how to manage and guarantee a winning trade by marking candle Bodies and Wicks using two TF's, 5 and the 15M only. The best way to learn a system is to break it down and...
Thanks a lot, your words are so powerful. I am also an adult and kid by heart so I can feel the mentorship in your posts. I am highly obliged and I am in to test and grab the knowledge which is a never ending process.
If you believe in yourself anything is possible !!
  • #380
  • Sep 23, 2023 3:47pm Sep 23, 2023 3:47pm
Quoting cpfleger
Thursday Night Trades begin........... {image}
As a new reader and learner, I don't see the rules are met here as I don't see the SR plotted yet, may be you chose a lower TF to trigger the bullet?

EDITED-

Plz ignore, I found the answer in post #320
If you believe in yourself anything is possible !!
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