Daily chart trading - simple entry and exit criteria

you can take not candle 3 ???
thank you
https://www.forexfactory.com/attachm...4?d=1643829801
https://www.forexfactory.com/attachm...6?d=1643829869

Hi Erebus,

Thank you for sharing the idea (PDF) plus the indicator.

Regarding the 4bar entry signal, besides using the 4 bar indicator and if i'm not mistaken you also use 200 and 50 SMA to check the trend direction, do you use any other indicators for entry purposes?
I see in your screens that you have ADR, AWR and AMR, do you actually use them?

Thank you
KR
A.

Anyone still viewing this thread, been dead now for a year or so. I've been using this method on S&P500 and getting good results as 'disiplined' has done

rover

hey rover99x

thanks for the update. Are you using paulMF's EA or are you trading this manually?

blam

good days traders.
disciplined has 3, its like a 4-bar set up for me. the basic one. i found in his post mostly with the formation below BASIC from different pairs on daily time frame.
for buy entry, 2 bears and 2 bulls where current bar bull close is higher than previous highs.
BASIC

for sell entry, 2 bulls 2 bears where current bear close is lower than the previous lows.
BASIC

i used this set up for swing in confluence with divergence using stochastic (5,3,3) and if bar formation is at overbought and oversold.
in addition, id like to add the 5-bar setup . sometimes it involves with CRT(candle range theory) power of three (P03)
for sell (market sell or pending sell limit) not a CRT PO3


for buy (market buy or pending buy limit) in this image is an example of CRT PO3 where second bull bar sweep the high and close above, and third bar break the high of first bar and sweep previous high and closed above. and the opposite the same with bearish bars CRT PO3 is applied.


CRT PO3 SAMPLE - for buy entry. the opposite is for 3-bearish bars for sell.

the application of take profit is not just simple and quick exit technique, not to make profit fast but most probably in order not to catch our entry/s by/against big bosses.
in my little knowledge of using exact lotsize with risk of 0.5% to 2% of balance /equity with stoploss set by our brother @disciplined, i believe we can really make profits.
more updates to come for the actual entries with this setups. see you next posts. thank you.

Hi, can you describe a little bit more clearly your advanced entry model (5 bar setup) this look good !

hello sir david,
its not that good enough. but thank you for your quote.

the market is very very crazy and clever. and only one system that market makers do or did, and i would say, perfect and excellent in all trading, all pairs in the market.
this system or method which is very well known, they called it the ICT or SMC or whatever it is.
the bar formations are just part of it.
we can learn that in an uptrend or downtrend
in one direction is divided into two parts, the premium and discount.
and within this two divisions there are multiple levels which are in placed to order. this is where price is being screened.

from... mid of this two divistions or at equlibrium
starting from equlibrium under premium zone going up
- the bear mitigation
- the bear breaker
- the liquidity void
- the fair value gap
- the bear order block
- the rejection
- up to the top the old high or higher high or lower high
=====
from equlilbrium going down to the bottom at discount zone is the opposite
- bull mitigation
- bull breaker
- bull liquidity void
- bull fair value gap
- bull order block
- bull rejection
down to old lower low or higher low

when i say 'screened' those levels are stoppers where price take a U turn or reverse or bounce back or rebound ..
plenty of videos to watch and learn for free. hope you get what i mean. see you around.