Believe in what you do

i noticed that #0 candle is shorter than #1

but

#1 Candle total pips from high to low = 921 Points
#0 Candle total pips from high to low = 684 Points

do they need to be with these specific lenghts?

is this correct long trade with r/r = 1:1 ?

Prefect
You understand this step.
Now enjoy profits

looks very promissing with 1H candles :F

Dear Mike1108:

You are correct when you say that replying to these threads is a waste of time.
So I will just give you below a real life example of my trading this morning and will be out of here forever.

Note 1: I do not sell anything on the strength of the argument that "Those who can, do. Those who cannot,
teach!" That is to say, I can make more money trading than teaching how to trade. If I may say so, I am not
like those who sell you a three-day trading course for a cool $10,000 and at the end of the third day they
tell you: "We do not know whether you can be successful trading because that depends entirely on you."
That is a lot of nonsense. For if I have a profitable trading method that I teach for a fee, I can teach it to
anybody.

Note 2: You insisted that only 15% of the trades are profitable while 85% of the trades turn out to be a loss.
Then you give an example of 23 trades, only four of them loosing trades. That is a winning ratio of 85%.
So clearly, there are various ways of defining and describing the winning ratio and a Profit to Loss ratio.

Similarly, when I said that our average winning ratio is over 80%, I meant that on the average more than
80% of our trades result in a positive Profit.

Here are the results of my trading this morning:

We trade the instrument ES June24, which is S&P 500 e-minies.
Trading today from 9:30 through 11:15 am New York time.
Total number of trades was 11, 1 loss, 10 wins. That is a winning ratio of 91%. (I missed about four good trading signals.)
The total Net Profit of $237.50 minus commissions. So much for your claim of being a millionaire.

Note 3: Everything we have discussed so far was without paying the commissions.
We have traded only one ES June24 contract today. The commission through our broker is $4.30 per contract.
Thus, the total net profit after the commission is $237.50 minus ($4.30 times 11) = $190.20

Note 4: Why is the net profit so low today - only $190.70? Because there was very little activity in the ES market today as
only 700,000 contracts have been traded as we speak at noon. This has resulted in fewer trading opportunities than usual.
(Yet, my wife cleared $500 this morning trading two ES contracts.) This low trading volume will likely result only in a slightly
more than 1 million contracts traded today whereas the average is 1.6 million contracts per day.

Note 5: As you can see from the example of my wife's trading today, profits multiply if you have the guts and sufficient
funds for margins in your account. Thus,
I traded one contract for a profit of $190.70 including commissions.
Trading two contracts, the profit would have been $381.40,
Trading five contracts would have been $953.50 in profits, and
Trading ten contracts would have been $1,907.00 in profits, all in this slow market over 105 minutes of trading.
In principle, trading more than 10 contracts is not out of the question.

Note 6: The Devil is obviously in minimizing your losses that cannot be avoided. The trick is in the optimum sizing of the Stop
Loss: Not to be knocked out due to price volatility too soon by a tight Stop Loss and not to waste Profits with excessively large
Stop Loss.

I am out of here. Good luck in trading !

My friend
How many years you are trading.
You should know if your system is very good you can trade for big propriety firms and manage big funds and bigger pools to make lot of money.

Want To hold GOLD Sell for long to earn big profits let's see if my Logic helps me to make good Profits today.

Lot of traders think they have lot of knowledge.
Please watch this Video.

I would like to apply this style to my mobile trading.
@mike1108
Am I correct in finding the setup ?

Use this system along with your existing strategy
I never use this system alone because every system have many losses.

Let the market make money for you.

Thank you.
I need to understand the basic of this style before apply to my trading system.
x.

Quoting xinitial

Disliked

{quote} Thank you. I need to understand the basic of this style before apply to my trading system. x.

Ignored

I apply simple Logic
When we throw a ball, it bounce back.
Now ball was thrown from our hand to ground and ball bounce back and than fall again.

Think market #1 candle is from your hand a bigger candle and #0 Candle is when after hitting ground market bounce but a small candle and than current candle breakout #0 low and fall more lower because we are standing on a slanting hill where ball will go more lower.

Sooo simple with the bounce of rubber ball style.
I think I understand your logic now .
Thank you.
X.

When market gives money why we try ourselves so hard to earn money.