Too late, lost concentration and was still looking for signal up:
(binned per thread starter’s request) Signals on H4 (MT5)
{quote} Normally when the guys start a thread on first page are the explanations and some examples on how the thing works here is not the case, so u tell me to search among all the comments to find something... well i have done that too for like 2 h and still have no idea. Anyway a appreciate your work and what are u try to do but is kind incomprehensible. Best regards.
I also see a lot of potential in the way you operate and I thank you for this thread. However, I must tell you that I too, like Attitude, could not understand. I have read all the pages written so far and seen all the examples but unfortunately I still don't understand. It would be very kind of you to elaborate on the way of thinking about wicks and counting candles. Thank you for anything you would like to explain.
- #193
- Edited 10:34am Mar 6, 2025 9:53am | Edited 10:34am
- Joined Jun 2011 | Status: Trader | 15,534 Posts
{quote} Hi Bakker, I also see a lot of potential in the way you operate and I thank you for this thread. However, I must tell you that I too, like Attitude, could not understand. I have read all the pages written so far and seen all the examples but unfortunately I still don't understand. It would be very kind of you to elaborate on the way of thinking about wicks and counting candles. Thank you for anything you would like to explain.
There are two black lines indicating a recent top and a recent bottom. Note the line at the top connecting the two top bodies (please ignore the wicks). The two candles whose bodies are involved will be #1 and #2, no need to hurry the exercise, be patient and keep counting as the step down unfolds. The third candle down is another red one and as you can you see it touched another line (yellow) which you might saw as temporary support, but as your count is far from over you keep watching. The 4th candle breaks thru yellow but eventually turn back and became green, at this stage you might have thought its going to break higher towards the black line, a thinking that candle 5 supports but it ran out of steam and start to come down, the following candle #6 rushed towards the yellow line and burst right thru. On its approach towards yellow you should have looked at lower TF's for guidance negotiating your entry.
The formation at the bottom black line is a reversed replica of the one above which you can work out for yourself. Hope this helps.
- #198
- Mar 6, 2025 10:50am Mar 6, 2025 10:50am
- Joined Jun 2011 | Status: Trader | 15,534 Posts
HG signals, just for info purposes, unfortunately.
- #200
- Mar 6, 2025 3:16pm Mar 6, 2025 3:16pm
- | Joined Apr 2008 | Status: Trader | 1,040 Posts
Good Trading