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Attachments: Up is down , down is up forex method
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Up is down , down is up forex method

  • #1
  • Quote
  • First Post: Edited 3:25pm Feb 7, 2025 3:13pm | Edited 3:25pm
After a lot of study i have a very unique forex method

up candles are red, down candles are green

i buy the high of a down green candle, and sell low of red up candle

i use stochastic 14 3 3, level 50, for bias

basically, if the stochastic is under 50 oly look for buy

use this on all majors

if the stochastic is above 50 only sell

attached template

my target is 20 pips , close at the 1 hour candle close that breaches the high or low and take what it gives target is 20 pips but the 1 hour candle may close for say only 7 pips but that's fine

enter for 20 pips or wait on the 1 hour colour change on the close price

good luck
Attached File(s)
File Type: tpl up down , down up.tpl   1 KB | 116 downloads
  • #2
  • Quote
  • Feb 7, 2025 5:15pm Feb 7, 2025 5:15pm
Gentle trader, I like your method and I apply it myself, but I think you have complicated it too much.

There is no need to invert the color of the candles that we are all used to according to own template. It may cause confusion.

It is just selling at the low of a bullish candle and buying at the high of a bearish candle.

The inversion of colors as you propose can hide important reversal patterns that can coincide with the respective areas of the stochastic.

The stochastic is sometimes useful, sometimes misleading. A selling or buying area can continue indefinitely while the price continues in the same bullish or bearish trend respectively.

It requires attention and the ability to reduce or compensate losses.

But the method is good.
  • #3
  • Quote
  • Feb 7, 2025 5:28pm Feb 7, 2025 5:28pm
I have a similar method, but with the RSI MTF which I consider more precise.

If you allow me I will share it here. Otherwise I will show it in one topic of mine.
  • #4
  • Quote
  • Feb 7, 2025 6:13pm Feb 7, 2025 6:13pm
Quoting flashpaul
Gentle trader, I like your method and I apply it myself, but I think you have complicated it too much. There is no need to invert the color of the candles that we are all used to according to own template. It may cause confusion. It is just selling at the low of a bullish candle and buying at the high of a bearish candle. The inversion of colors as you propose can hide important reversal patterns that can coincide with the respective areas of the stochastic. The stochastic is sometimes useful, sometimes misleading. A selling or buying area can continue...
I wouldn't put too much faith in a lagging indicators anyway.

Is the entry on the break of the previous candle hi/lo? If the hi lo isn't broken do you cancel setup
  • #5
  • Quote
  • Feb 8, 2025 10:31am Feb 8, 2025 10:31am
for example stochastic under 50 then look for the high of a down candle to be broken

easy
  • #6
  • Quote
  • Feb 8, 2025 10:32am Feb 8, 2025 10:32am
Quoting flashpaul
I have a similar method, but with the RSI MTF which I consider more precise. If you allow me I will share it here. Otherwise I will show it in one topic of mine.

yes share here
  • #7
  • Quote
  • Feb 8, 2025 1:32pm Feb 8, 2025 1:32pm
if you get 15 pips take it
  • #8
  • Quote
  • Feb 8, 2025 5:45pm Feb 8, 2025 5:45pm
Quoting jamesagnew
After a lot of study i have a very unique forex method up candles are red, down candles are green i buy the high of a down green candle, and sell low of red up candle i use stochastic 14 3 3, level 50, for bias basically, if the stochastic is under 50 oly look for buy use this on all majors if the stochastic is above 50 only sell attached template my target is 20 pips , close at the 1 hour candle close...
After a lot of study - but not even 1 chart example???

i use stochastic + bias basically - which is crap, may as well use Moving Averages

my target is 20 pips - you could buy or sell any pair, any time and make 20 pips, and still be a winner

i have a very unique forex method - This is basically the old trend following method, buy or sell on retracements

Let me explain, not many good examples with last week's crazy GAPS open, no indicator can be trusted all week.

Here is CHFJPY, daily before open, you want trend bias?

(1) trend line break, (2) lower lows, lower high, (3) MA's crossover

Attached Image (click to enlarge)
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"Forex a Great Hobby, But Not a Great Job"
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  • #9
  • Quote
  • Feb 8, 2025 6:12pm Feb 8, 2025 6:12pm
Going to the 4-Hour chart, there is the very thing you are looking for = RETRACEMENT

And your red candles, the blue stars indicate a close above the previous high, that's all.

But being mere mortals, us humans need exact entry points with logical reason to trade.

But most of the time, entry can be just about anywhere, it's the least critical aspect of the trade.

I would suggest entering more smaller positions on each trigger, rather than 1 huge home run, get it all back trade!

Last week's low is an area to watch, surely that would work if it aligned with the current trend BIAS.

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"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 8.1%
  • #10
  • Quote
  • Feb 8, 2025 6:20pm Feb 8, 2025 6:20pm
Here is your chart of choice, the 1-Hour, make 20 pips guaranteed.

I forgot to say about the blues stars, normally the close above the previous high would be the buy signal,

But to go along with the contrarian method of selling red, up candles, sell instead of buy the higher close.

Being patient until Wednesday, letting the market settle after the gap opens, price action rules.

Run out of things to say; what do you see?

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Challenge: post your chart, with Stochastic to see if that tells the same story.

Over and out.
"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 8.1%
  • #11
  • Quote
  • Feb 9, 2025 8:34am Feb 9, 2025 8:34am
Quoting jamesagnew
i buy the high of a down green candle, and sell low of red up candle

It’s the old Larry Williams “smash day” method, but without his requirement for the bars to have a naked close (the exact criterion that makes it sensible). And without his understanding, research or testing, obviously.
  • #12
  • Quote
  • Feb 9, 2025 4:48pm Feb 9, 2025 4:48pm
Quoting Quickly
{quote} It’s the old Larry Williams “smash day” method, but without his requirement for the bars to have a naked close (the exact criterion that makes it sensible). And without his understanding, research or testing, obviously.
Larry Williams' "Smash Day" method is a trading strategy that focuses on identifying false breakouts or breakdowns in the market. Here's a brief overview of how it works:

1. **Smash Day Identification**: A "smash day" occurs when the market makes a significant move in one direction but then reverses sharply, closing near the opposite end of the range. For example, if the market opens higher but closes near the low, it's considered a "smash day" for a potential short trade.

2. **Entry Points**: For a long trade, you look for a day where the market opens lower but closes near the high. For a short trade, you look for a day where the market opens higher but closes near the low.

3. **Stop Loss and Take Profit**: Set a stop loss to limit potential losses if the trade goes against you. Place a take profit target to secure gains if the trade moves in your favor.

4. **Indicators**: Williams often uses indicators like the Williams %R to help identify potential entry points.

5. **Testing and Optimization**: It's important to back test the strategy on historical data to see how it performs and make any necessary adjustments.

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The indicator giving the Star signals on my previous charts does exactly that; thanks for sharing, nothing new under the sun.

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"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 8.1%
  • #13
  • Quote
  • Last Post: Feb 9, 2025 5:18pm Feb 9, 2025 5:18pm
Anyone seeking more information on Smash Day trading, and another indicator that filters for trend?

Find it here ----->

https://www.forexfactory.com/thread/...e-boat-trading

Have a great week, hey, start by watching the SuperBowl

"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 8.1%
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