n8 guys, see you tomorrow european session, to catch some trades
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DislikedHere's another question-
You say not to enter on big bars.
What is a big bar? How do you define "big"?
Below is a chart you posted of good entries. The last two entries you show appear to be huge bars- 8 or 10 x their previous bars.Ignored
DislikedI think he was just throwing somthing up as an example. Each pair will have different size candles based on that pair. You will have to use some inititive and define what is big to you I think. Flame might have more insight. Lately each pair has seen huge volitility at certain times, but I define a larger than normal candle by what my stop loss used to be for a currency pair. I used a 60-80 pip stop loss for P/J and G/C, 40 for G/U and U/J and 30 for E/U. If I see candles that are this big on my 15m charts I will consider these big candles. My new stop losses have changed to reflect the rules waterflame has descibed.
Thanks for having the patience to answer all our questions Karim.
-Kevin
Here is another video you might enjoy. Someone posted this on aus's call room last week.
http://www.youtube.com/watch?v=rOVXh4xM-WwIgnored
Disliked
keep in mind, unless i'm mistaken , he is not using the standard cci......hIgnored
DislikedHe was throwing that chart up with the expressed intent of showing proper entrances.
That's why I am trying to reconcile his stated rules with the charts he shows. There appears to be some contradictions.Ignored
DislikedI will give by examples and definitions, when, why and how you take the final descision for entry, with the help of the candles, to not get in the trap of a sick market.
Please follow the step by step initiation in the graphics, i will name the candle proceeding with numbers, so you can identify wich candle i am talking about.
Healthy mood give good candle formations!
Ignored
DislikedFlame,I was looking at the 4 hour, and man it looks pretty good.I know longer timeframe is more accurate signals. Have you used this on the 4 hour?Ignored
Dislikedyea, that's why many go on pullback
so, how we would define big candle?
ASilver conceder "missed the train" if candle flying through 61/76 fibo without stop; Randy Candles have signal candle...
(should be short, simple definition or criteria)Ignored