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  • #2,701
  • Mar 19, 2025 3:30am Mar 19, 2025 3:30am
Quoting Islandfx911
EJ Short on 5m. Entered on the green Rejection Candle after support was broken. SL was (-12) TP (+84) 7R {image}
Mate,

Just wondering, while marking the zone, which of the wicks should be included between the shorter and longer one?

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Success = Practice + Patience + Persistence
  • #2,702
  • Mar 19, 2025 3:52am Mar 19, 2025 3:52am
AU Short Looking for 5R
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Update:
Trade set to breakeven
Your trade order needs to be in the right place at the right time.
  • #2,703
  • Mar 19, 2025 3:56am Mar 19, 2025 3:56am
Quoting fxpider
{quote} Mate, Just wondering, while marking the zone, which of the wicks should be included between the shorter and longer one? {image} {image}
You will find the answer on a line chart.
Plot the rectangle from the body of one candle and the wick of the other, this will give you buy and sell zones.
Your trade order needs to be in the right place at the right time.
  • #2,704
  • Mar 19, 2025 4:04am Mar 19, 2025 4:04am
Quoting Islandfx911
{quote} You will find the answer on a line chart. Plot the rectangle from the body of one candle and the wick of the other, this will give you buy and sell zones.
@fxpider

It means highest close and highest wick. I like also clear rules but market don't care about that.
More important how we drawn the zone is how price is acting / reaction with the zone.
I might be wrong , I have been wrong before
  • #2,705
  • Mar 19, 2025 4:44am Mar 19, 2025 4:44am
Quoting Mandariin
{quote} @fxpider It means highest close and highest wick......
Highest close for sure but not necessarily the highest wick. If I am not mistaken, Islandfx911 meant the wick of the highest open.
Success = Practice + Patience + Persistence
  • #2,706
  • Mar 19, 2025 4:53am Mar 19, 2025 4:53am
Quoting fxpider
{quote} Highest close for sure but not necessarily the highest wick. If I am not mistaken, Islandfx911 meant the wick of the highest open.
i think it is the first rejection candle that closed beyond the zone.
https://www.forexfactory.com/thread/...0#post14667890

however it still depends on the trader whether he is right there at the right moment or prefer to see more confirmation in his direction.
and the entry time frames one looks at.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,707
  • Mar 19, 2025 4:54am Mar 19, 2025 4:54am
Quoting fxpider
{quote} Highest close for sure but not necessarily the highest wick. If I am not mistaken, Islandfx911 meant the wick of the highest open.
It seems highest wick. I have made study material on OneNote.
But once again , you don't be huge pedantic like me
You can have perfect zone by the rules and market many never get to it
our goes through it like hot knife though butter.
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I might be wrong , I have been wrong before
  • #2,708
  • Mar 19, 2025 5:04am Mar 19, 2025 5:04am
Quoting Inthebox
{quote} i think it is the first rejection candle that closed beyond the zone. https://www.forexfactory.com/thread/...0#post14667890 however it still depends on the trader whether he is right there at the right moment or prefer to see more confirmation in his direction. and the entry time frames one looks at.
Which one is plotted according to the Islandfx911's rule?

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Success = Practice + Patience + Persistence
  • #2,709
  • Mar 19, 2025 5:07am Mar 19, 2025 5:07am
Quoting Mandariin
{quote} It seems highest wick. I have made study material on OneNote. But once again , you don't be huge pedantic like me You can have perfect zone by the rules and market many never get to it our goes through it like hot knife though butter. {image} {image}
Please share the note in pdf.
Success = Practice + Patience + Persistence
  • #2,710
  • Mar 19, 2025 5:13am Mar 19, 2025 5:13am
Quoting fxpider
{quote} Which one is plotted according to the Islandfx911's rule? {image}
Right side.
Study all 25 pages Islandfx posts, its all you need to trade profitably.


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I might be wrong , I have been wrong before
  • #2,711
  • Mar 19, 2025 5:14am Mar 19, 2025 5:14am
Quoting fxpider
{quote} Which one is plotted according to the Islandfx911's rule? {image}
if it is about drawing of supply zone, then they have the same base, the same rectangle low.
if it is about drawing of demand zone, then i use the 2nd drawing with wider zone.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,712
  • Mar 19, 2025 5:55am Mar 19, 2025 5:55am
You must, monitor the swings and use the last validated swing high or swing low on a Line Chart.
Then flick the same chart to candles.
Then adjust the rectangle so that it is on the highest wick and the closing candle body.
You then have your Buy / Sell Zones.
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Your trade order needs to be in the right place at the right time.
  • #2,713
  • Mar 19, 2025 6:03am Mar 19, 2025 6:03am
Quoting Islandfx911
You must, monitor the swings and use the last validated swing high or swing low on a Line Chart. Then flick the same chart to candles. Then adjust the rectangle so that it is on the highest wick and the closing candle body. You then have your Buy / Sell Zones. {image} {image}
Success = Practice + Patience + Persistence
  • #2,714
  • Mar 19, 2025 6:41am Mar 19, 2025 6:41am
Quoting Islandfx911
AU Short Looking for 5R {image} Update: Trade set to breakeven
This looks a late entry Rob, I guess you were not around for an entry way earlier, anyway GL
the cautious seldom err....C
  • #2,715
  • Mar 19, 2025 6:51am Mar 19, 2025 6:51am
Quoting pips29
{quote} This looks a late entry Rob, I guess you were not around for an entry way earlier, anyway GL
Hi Mate,
I am out of AU short for +1. I could see the main move was over extended that's why I am long now but I cannot discuss my entry as it will confuse others.
All I can say it is a Rejection Candle.
Trade is now at +1.
Your trade order needs to be in the right place at the right time.
  • #2,716
  • Mar 19, 2025 7:38pm Mar 19, 2025 7:38pm
Here is today's setup for those interested.
SL (-5) TP (+82) 16R
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Your trade order needs to be in the right place at the right time.
  • #2,717
  • Mar 19, 2025 8:10pm Mar 19, 2025 8:10pm
Quoting Islandfx911
Here is today's setup for those interested. SL (-5) TP (+82) 16R {image}
Hello Rob,
This is what I had for GA this morning which didn't come to fruition.
Any nuggets of wisdom for me? Or do I just need more time and experience to spot them like you do
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  • #2,718
  • Mar 19, 2025 8:25pm Mar 19, 2025 8:25pm
Quoting Azy146
{quote} Hello Rob, This is what I had for GA this morning which didn't come to fruition. Any nuggets of wisdom for me? Or do I just need more time and experience to spot them like you do {image}
The entries are very easy to identify, just make sure you enter trades during market hours.
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Your trade order needs to be in the right place at the right time.
  • #2,719
  • Mar 19, 2025 11:20pm Mar 19, 2025 11:20pm
AUDUSD target TP hit at 3R

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  • #2,720
  • Mar 20, 2025 1:49am Mar 20, 2025 1:49am
5m and 15m confirmation with this trade.
TP at 6.3R
Trade is at breakeven.
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Your trade order needs to be in the right place at the right time.
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