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  • #1,021
  • Feb 22, 2024 9:18pm Feb 22, 2024 9:18pm
Quoting Mellifluous
{quote} Lolxhaha, thank you so much for this info here because it helped clarify a few things for me. Not sure if of any use to anybody but a little plot of the zig zag indicator in mt4 over the candles may help in spotting the 123s
Personally I find no need to overlay both the line chart and candle charts together when you can have them side by side. To my knowledge, in MT4/5 the lines and zones drawn on one should be carried over to the other. You may also toggle between the two
  • #1,022
  • Feb 22, 2024 10:36pm Feb 22, 2024 10:36pm
Quoting Evaldas321
Hey everyone! I just joined FF just because of this system. It seems like a neat tread and even more promising strategy. I have tested a bunch of different strategies over time, and this is the only one where I'm confident about placing my trades because, most of the time, there are obvious entries, and it's up to you whether to enter or not. I mostly understand how the strategy works, but I'm still scratching the surface on how to spot higher-chance opportunities. Here's my recent catch. Good luck everyone and thank you all for information! {image}...
Hi E321,
Keep posting your charts and other traders will help you.
Ask lots of questions
Trade Well
Your trade order needs to be in the right place at the right time.
  • #1,023
  • Feb 22, 2024 10:40pm Feb 22, 2024 10:40pm
Quoting lolxhaha
{quote} Personally I find no need to overlay both the line chart and candle charts together when you can have them side by side. To my knowledge, in MT4/5 the lines and zones drawn on one should be carried over to the other. You may also toggle between the two
I tried line overlay in the early days and it was not clear enough, not to say that is is no good, it is down to the individual.
Line chart on it's own is where you should start. If you cannot see the trade on a line chart, there is no trade.
Your trade order needs to be in the right place at the right time.
  • #1,024
  • Feb 22, 2024 11:55pm Feb 22, 2024 11:55pm
Quoting Hanz99
Day 2 Update; Similar story to yesterday; BE on #1, SL on #2. missed the Asian session as the injury couldn't get me out of bed. Builds from the previous approach; Flipped back to the line to see areas of peaks and troughs Sized zones from candle wicks Missed the aggressive push-through from the start of the London session: Would this approach require the need for a retest or would such a bullish candle through SR trigger entry? I have found the two types of candles from earlier in the thread (image below) - are they the only two for beginners?...
As usual, annotations on your provided chart given for explanation.

Note your first entry was not valid for the following reasons:
(1) candle was not a bullish rejection

If it was bullish but did not reject the zone you could have done an entry without rejection. At this point let's focus on the getting the main course right before going for desserts.
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  • #1,025
  • Feb 23, 2024 12:06am Feb 23, 2024 12:06am
Quoting emmanuel7788
{quote} EG Daily 'SnR'{image} 4Hr {image} ...

EG Feb23 H1 London Open

- ???

Attached Image (click to enlarge)
Click to Enlarge Name: EG Feb23 H1 FO London 8am 23-2-2024 4-03-57 pm.png Size: 25 KB





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,026
  • Feb 23, 2024 1:31am Feb 23, 2024 1:31am
Quoting Inthebox
{quote} no. 1. ranging pair should not be traded. 2. only time you were successful was selling at london open. 3. not knowing that price told you 6 times that it refused to go down. a good rejection should go down straight away, not lingering there. {image}
Thank you
  • #1,027
  • Feb 23, 2024 2:13am Feb 23, 2024 2:13am
USD\JPY
Still not confident enough to trade with a 7.5 RR ratio but doing pretty well nowadays.
.
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  • #1,028
  • Feb 23, 2024 2:38am Feb 23, 2024 2:38am
Sharing some trades I took during london session.

EU
Reason for the Eur/USD counter buy trade is clearer when you glean the H1/H4 line chart:
H1: previous double top resistance turned support
H4: 1-2-3 on buy bias.

Not sure how buy will turn out, but I'm entering based on what i see from HTFs. Will shift SL to BE after the first 30 minutes (now @ the time of writing this post).


Gold
M15 zone sell setup (1-2-3), note on the line chart we were selling into the H4 support. So reminder to always factor in HTFs when planning where to take profits / exit your trades.
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  • #1,029
  • Feb 23, 2024 4:32am Feb 23, 2024 4:32am
New and learning this new strategy.

I took a loss, i guess my sl was too tight?
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  • #1,030
  • Feb 23, 2024 4:49am Feb 23, 2024 4:49am
Quoting emmanuel7788
{quote} EG Feb23 H1 London Open - ???

Attached Image (click to enlarge)
Click to Enlarge Name: EG Feb23 H1 FO London 8am 23-2-2024 4-03-57 pm.png Size: 25 KB



{image} ...
price moved +3R

time to lock +1R and fight the NY open for +5R final TP

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,031
  • Feb 23, 2024 4:52am Feb 23, 2024 4:52am
I'm waiting for this candle to close with rejection to go long. what do you think?
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  • #1,032
  • Feb 23, 2024 5:08am Feb 23, 2024 5:08am
Quoting mohamadmd
I'm waiting for this candle to close with rejection to go long. what do you think? {image}
Setup is valid but I wouldn't trade non us based pairs in the NY session
  • #1,033
  • Feb 23, 2024 5:18am Feb 23, 2024 5:18am
Quoting Fantomslayer
USD\JPY Still not confident enough to trade with a 7.5 RR ratio but doing pretty well nowadays. . {image} {image}
You can review your trades taken this week during the weekend, which did hit 7.5R and which did not. Look at the higher timeframes and see if they give you an ideas as to the reasons why.

In my opinion, it will be difficult for you to gain confidence just by hitting X number of winning trades to proceed "trying" for a 7.5R and hope for the best. There will be times where all the stars align but your trade goes against you. Remember that trading is all about probabilities.
  • #1,034
  • Feb 23, 2024 5:20am Feb 23, 2024 5:20am
Quoting lolxhaha
{quote} Setup is valid but I wouldn't trade non us based pairs in the NY session
SL hit
I think rejection candle exacly was trap for traders waiting for a retest.
  • #1,035
  • Feb 23, 2024 5:21am Feb 23, 2024 5:21am
Is this a valid sell if M30 rejects with a bullish candle? However there are many H4 zones that is above.
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  • #1,036
  • Feb 23, 2024 5:29am Feb 23, 2024 5:29am
Quoting mohamadmd
{quote} SL hit I think rejection candle exacly was trap for traders waiting for a retest.
You win some you lose some, don't worry too much about SLs being hit if your set up was adhering to all system rules.
  • #1,037
  • Feb 23, 2024 5:30am Feb 23, 2024 5:30am
Quoting exxcellent
Is this a valid sell if M30 rejects with a bullish candle? However there are many H4 zones that is above. {image}
You should be able to tell if the setup is valid or not. We are teaching you to fish not fish for you, if you are not sure best not to trade or practice with demos first.
  • #1,038
  • Feb 23, 2024 5:33am Feb 23, 2024 5:33am
Quoting lolxhaha
{quote} You should be able to tell if the setup is valid or not. We are teaching you to fish not fish for you, if you are not sure best not to trade or practice with demos first.
I do see a 1 2 3 on M30 but when i try to pair up with HTF SNR levels it confuses me alot
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  • #1,039
  • Feb 23, 2024 5:52am Feb 23, 2024 5:52am
Quoting exxcellent
{quote} I do see a 1 2 3 on M30 but when i try to pair up with HTF SNR levels it confuses me alot {image}
I'll answer your question later as the NY session is ongoing
  • #1,040
  • Feb 23, 2024 6:11am Feb 23, 2024 6:11am
Quoting lolxhaha
{quote} I'll answer your question later as the NY session is ongoing
Thank you in advance, really appreciate your insights! Hopefully that will accelerate my learning
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