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Third candle bounce

  • #121
  • Edited 10:13am Jun 3, 2024 9:33am | Edited 10:13am
USDCAD Days 30 May, 31 May and 3 June and US30 on H1, today.
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  • #122
  • Jun 3, 2024 12:16pm Jun 3, 2024 12:16pm
Quoting emmanuel7788
{quote} Today went as planned,... - H1 Bearish Engulfing Outside Bar candle {image} ... {image}
Excellent. That's how it's done.
1.02^200
  • #123
  • Jun 3, 2024 12:18pm Jun 3, 2024 12:18pm
Quoting flashpaul
USDCAD Days 30 May, 31 May and 3 June and US30 on H1, today. {image} {image}
Yes, good analysis. It's good to catch same thing on different timeframes. More confidence, less risk.
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  • #124
  • Jun 3, 2024 12:25pm Jun 3, 2024 12:25pm
Quoting Asw
Scans for trades, drop it on a blank chart. When a potential trade lists, click the text to load the chart. If it's no good bin it. Asw {file}
I like it, but it kills my MT4. It hangs, could use some optimization. EDIT: seems ok after initial load.
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  • #125
  • Jun 3, 2024 12:34pm Jun 3, 2024 12:34pm
Quoting Asw
Scans for trades, drop it on a blank chart. When a potential trade lists, click the text to load the chart. If it's no good bin it. Asw {file}
I tried it and it's a good start. But if you want to keep working on it, it will be good for it to update in real time, and to display multiple TF alerts per symbol. And so it doesn't jump, arrange it in a grid:
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  • #126
  • Jun 3, 2024 12:55pm Jun 3, 2024 12:55pm
Quoting d5400
{quote} I tried it and it's a good start. But if you want to keep working on it, it will be good for it to update in real time, and to display multiple TF alerts per symbol. And so it doesn't jump, arrange it in a grid: {image}
Hello,

I don't really have time, I wanted to test your strategy and thought I'd share the tool I used to get the trades, I have an indicator too, if you want the code, your welcome.

Asw
  • #127
  • Jun 3, 2024 1:13pm Jun 3, 2024 1:13pm
Quoting Asw
{quote} Hello, I don't really have time, I wanted to test your strategy and thought I'd share the tool I used to get the trades, I have an indicator too, if you want the code, your welcome. Asw
You're welcome to put code here, can't hurt.
1.02^200
  • #128
  • Edited 1:44pm Jun 3, 2024 1:28pm | Edited 1:44pm
Quoting d5400
{quote}You're welcome to put code here, can't hurt.

One of these will send the trade, make sure it's on a demo.

Best of luck.

BTW, H4 and D1 look to be very good.
Asw
Attached File(s)
File Type: mq4 TreeCandleBounce.mq4   12 KB | 358 downloads
File Type: mq4 ######Three_Bar_Bounce_Scanner.mq4   20 KB | 362 downloads
File Type: mq4 ######Three_Bar_Bounce_Scanner_EA.mq4   26 KB | 331 downloads
  • #129
  • Jun 3, 2024 3:16pm Jun 3, 2024 3:16pm
Too bad I missed it...
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  • #130
  • Jun 3, 2024 3:44pm Jun 3, 2024 3:44pm
Quoting lorecavoli
Too bad I missed it... {image}
At least we know the opportunity exist. All we have to do is catch it.
1.02^200
  • #131
  • Edited 5:50pm Jun 3, 2024 5:14pm | Edited 5:50pm
The strongest setup I've seen, atleast on M1 is letting the pattern setup and then waiting for a bounce off the hi/lo of the first candle using HA to validate the reversal.

Three trades on NQ from NY Session today
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  • #132
  • Jun 3, 2024 5:22pm Jun 3, 2024 5:22pm
Quoting MachineLearn
The strongest setup I've seen, atleast on M1 is letting the pattern setup and then using waiting for a bounce off the hi/lo of the first candle using HA to validate the reversal. Three trades on NQ from NY Session today {image}
There are more opportunities if we use body lines as well.
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1.02^200
  • #133
  • Jun 3, 2024 6:39pm Jun 3, 2024 6:39pm
Quoting d5400
{quote} There are more opportunities if we use body lines as well. {image}
agreed, body line seems very strong , still testing
  • #134
  • Jun 3, 2024 7:20pm Jun 3, 2024 7:20pm
Here's some from today before open...

Remember we gotta just follow the trend...
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  • #135
  • Jun 3, 2024 7:23pm Jun 3, 2024 7:23pm
Here's another setup from today during NY Session on EURUSD...perfect example
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  • #136
  • Jun 3, 2024 7:53pm Jun 3, 2024 7:53pm
Quoting d5400
{quote} Excellent. That's how it's done.
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Risk -1R $300
Reward +4R $1200

> that's a good way to trade grow wealth when we are retired and wanting to keep our brain cells active ,


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137
  • Jun 3, 2024 8:26pm Jun 3, 2024 8:26pm
LIVE GBPAUD

LTF: H1 HTF: D1

Bearish Bias (Box)

Will observe how price reacts to this level
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  • #138
  • Jun 3, 2024 8:37pm Jun 3, 2024 8:37pm
Quoting MachineLearn
LIVE GBPAUD LTF: H1 HTF: D1 Bearish Bias (Box) Will observe how price reacts to this level {image}
On my chart it's an inside bar. Bear setup already played out in it. Even if bear, it'll still try to break its high.
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  • #139
  • Jun 3, 2024 8:56pm Jun 3, 2024 8:56pm
Quoting d5400
{quote} On my chart it's an inside bar. Bear setup already played out in it. Even if bear, it'll still try to break its high. {image}

GA Jun04 Daily

- intraday bears will wait for BRN19200

- possibly higher to the high of the prior Daily candle



...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140
  • Jun 3, 2024 9:34pm Jun 3, 2024 9:34pm
Quoting lurenyi31616
{quote} Change Timeframes and back {m1-m5-m1}
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What is it doing wrong here? I did M1 - M5 - M1
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