Your trade order needs to be in the right place at the right time.
- #2,842
- Apr 1, 2025 6:39am Apr 1, 2025 6:39am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} BTC Apr01 UPDATE : Frankfurt Open London 7am - several H1 pull-back candles ... {image} ... {image}
BTC Apr01 London 12PM
- I like what I see BUT .....
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,843
- Apr 1, 2025 7:24am Apr 1, 2025 7:24am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
{image}
Success = Practice + Patience + Persistence
- #2,844
- Apr 1, 2025 7:49am Apr 1, 2025 7:49am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
{quote} Would you mind explaining, how that high was validated?
You know how to trade a Rejection Candle, there are many ways to get exceptional returns.
Take this trade for instance. I used the 4hr Rejection Candle. I don't know if it will work but who cares as it is only 1R loss and target is 7.5R.
Who would have thought you could use a 4pt SL on a 4hr chart.
Drop me a PM and I will teach you in a live trading environment 1 on 1 if you would like mentoring. Free. You seem to be the only one here making the effort.
Your trade order needs to be in the right place at the right time.
- #2,845
- Apr 1, 2025 7:49am Apr 1, 2025 7:49am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
- #2,846
- Apr 1, 2025 7:51am Apr 1, 2025 7:51am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
- #2,847
- Apr 1, 2025 8:05am Apr 1, 2025 8:05am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
{quote} There is more to this system than I care to show. You will need to develop and grow with what you have seen here. You know how to trade a Rejection Candle, there are many ways to get exceptional returns. Take this trade for instance. I used the 4hr Rejection Candle. I don't know if it will work but who cares as it is only 1R loss and target is 7.5R. Who would have thought you could use a 4pt SL on a 4hr chart. Drop me a PM and I will teach you in a live trading environment 1 on 1 if you would like mentoring. Free. You seem to be the only...
I did not take this entry - was just looking for setups where the higher timeframe painted a story.
About 12 hours before this setup occured on the 15 min timeframes - the 4 hour painted a rejection candle and price went up after hitting the lower daily bb band.
Around opening of the Tokyo session - price had been bouncing down from the 50 moving average on the 15 min - so if you just looked at that timeframe - it could look like a bearish continuation move. But with help from the story on the bigger timeframes, it's more clear that price should find a place to reverse for a continuation of the higher timeframe bullish move - and it did so nicely with a rejection candle on the 15 min that also lined up with a kiss of the lower bb band on the 4 hour.
Now the trick is to see it live
I'm in a EURUSD trade that I entered a few hours after New York open when price retraced back and made a rejection candle at the 50ma on both 1h and 4h on the 15 minute price had been struggling going higher - so this was a good enough signal for me that we would like to go south again.
Bigger timeframes are bearish - daily had an indecision candle yesterday failing to go higher - so all in all a good enough setup for me to enter - i did first see this a little after the candle printed, so got in a little to late - risk to reward is til 1:5 and would basically have been pretty much where the target would have been had i entered on candle close.
Looking at the 1 hour alone we have a 3 candle impulse move down, that broke two supports - a pullback - rejection - entry - so let's see if it hits target.
Bigger timeframes are bearish - daily had an indecision candle yesterday failing to go higher - so all in all a good enough setup for me to enter - i did first see this a little after the candle printed, so got in a little to late - risk to reward is til 1:5 and would basically have been pretty much where the target would have been had i entered on candle close.
Looking at the 1 hour alone we have a 3 candle impulse move down, that broke two supports - a pullback - rejection - entry - so let's see if it hits target.
- #2,853
- Apr 1, 2025 7:56pm Apr 1, 2025 7:56pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Apr 02, Tokyo 9am
Happening now,
AJ Apr02 4Hr and M15
- the in the next 4hour you will see the result
- no time to write long narrative here
- what you see on the chart is what you will get
..
Happening now,
AJ Apr02 4Hr and M15
- the in the next 4hour you will see the result
- no time to write long narrative here
- what you see on the chart is what you will get
..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} ok so your not using 100% of the insstructions on this thread right , u adapting to ur own system as i see , hope ill reach that point too soon
More things also apply, but its all about making something that work for you.
But the logic behind the strategy Island has shown is also part of my decision to enter the trade.
I have tried to do what he does blindly - but have not had super great success with it - but after I begun to combined parts of many strategies into my analysis - i have slowly found something that works for me. And I think that's what we all need to do.
My trade might go to stoploss and shoot up or it might go to tp - i don't know - but I have a good risk to reward - so I don't have to be right every time.
As you see below on the line - price has done a move up before asian session - doing the start of asian session we see a pullback to previous resistance now support and I now hope it will go up
1H chart
{quote} I have tried to make the logic behind my entry here. More things also apply, but its all about making something that work for you. But the logic behind the strategy Island has shown is also part of my decision to enter the trade. I have tried to do what he does blindly - but have not had super great success with it - but after I begun to combined parts of many strategies into my analysis - i have slowly found something that works for me. And I think that's what we all need to do. My trade might go to stoploss and shoot up or it might go...
- #2,859
- Apr 1, 2025 8:57pm Apr 1, 2025 8:57pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,860
- Apr 1, 2025 9:09pm Apr 1, 2025 9:09pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Today' bonus
XAU Apr02 4Hr and M30
- +3R is good
- +5R is bonus
...
XAU Apr02 4Hr and M30
- +3R is good
- +5R is bonus
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett