I’m guessing the D1 two-candle pattern might become one of the thread favorites.
- #25
- Mar 14, 2025 5:36pm Mar 14, 2025 5:36pm
- Joined Jun 2017 | Status: Trader | 2,080 Posts
MetaTrader 4 - so many advantages.
- #28
- Edited Mar 15, 2025 12:01am Mar 14, 2025 11:45pm | Edited Mar 15, 2025 12:01am
- Joined Jun 2017 | Status: Trader | 2,080 Posts
Since OP started the thread and will not continue, just an advice for self study from me, and I will not continue either. See my link in post #25. I am still not sure if this is the same strategy as here, because OP did things different.
Be carefull, because the STRAT talk about the last candle has not closed. In this example (3-2-2) it shows, that the last candle ( the last #2) should reach the Target shown. It is a little odd way to work, but very interesting. This situation is, that we have a red candle which is close and the next candle is green which is closed. That signals a bullish reversal, therefore the third candle should hopefully go long. Entry at the midle candles high. Target at the first candles high. SL at the midle candle low.
Also note, that the STRAT works with candles without wick. Understand that the candle goes from High to Low. Not open to close.
And another thing. These pips are way to small to trade. The trick is, that when a pattern occur, then you know the stoploss and the target. Draw these lines and go to a lower timeframe to trade it. Say you are at H1, then you have a signal for a long trade, then go to M5 and trade the same patterns there. You can get some nice runs.
Sorry if this is not the strategy that OP wanted to show, but he is not here anyway.
That's it. I work on this very little from time to time, some day I will have the capacity to go all in, but for now I have too many projects ongoing. So I will not help out in this thread, which OP has abandoned. Watch the video. It is very interesting,
Be carefull, because the STRAT talk about the last candle has not closed. In this example (3-2-2) it shows, that the last candle ( the last #2) should reach the Target shown. It is a little odd way to work, but very interesting. This situation is, that we have a red candle which is close and the next candle is green which is closed. That signals a bullish reversal, therefore the third candle should hopefully go long. Entry at the midle candles high. Target at the first candles high. SL at the midle candle low.
Also note, that the STRAT works with candles without wick. Understand that the candle goes from High to Low. Not open to close.
And another thing. These pips are way to small to trade. The trick is, that when a pattern occur, then you know the stoploss and the target. Draw these lines and go to a lower timeframe to trade it. Say you are at H1, then you have a signal for a long trade, then go to M5 and trade the same patterns there. You can get some nice runs.
Sorry if this is not the strategy that OP wanted to show, but he is not here anyway.
That's it. I work on this very little from time to time, some day I will have the capacity to go all in, but for now I have too many projects ongoing. So I will not help out in this thread, which OP has abandoned. Watch the video. It is very interesting,
MetaTrader 4 - so many advantages.
- #29
- Mar 15, 2025 12:05am Mar 15, 2025 12:05am
- Joined Jun 2017 | Status: Trader | 2,080 Posts
MetaTrader 4 - so many advantages.
Candle psychology is important. For instance, in this case, the three large candles with about the same equal highs and lows show that price is coiling within a range. The red green red sequence means buyers and sellers are actively battling for control, but neither side has fully taken over. This implies liquidity is building up above the highs and below the lows. If today’s candle closes as it is now, it’s likely to break out to the upside tomorrow due to the massive amount of liquidity accumulating, which is ideal for institutions to target.
Disclaimer: This is just a personal market view for educational purposes. Nothing here is financial advice, trading signals, or investment recommendations. Trading involves risk, and past price movements do not guarantee future results. Each trader is responsible for their own research and decisions. Any ideas discussed should only be tested on a demo account and never on a live account.
Disclaimer: This is just a personal market view for educational purposes. Nothing here is financial advice, trading signals, or investment recommendations. Trading involves risk, and past price movements do not guarantee future results. Each trader is responsible for their own research and decisions. Any ideas discussed should only be tested on a demo account and never on a live account.