We don't take the trade if the AO, AC or SAR change on the entry candle (after the signal candle) right?
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DislikedWe don't take the trade if the AO, AC or SAR change on the entry candle (after the signal candle) right?Ignored
DislikedUse M30 and above.Use S/R and price action to determine exits or some objective means which consistently works for you)
You will win consistently.
Ignored
Dislikedhello all
been trying out the dashboard today version 1.5.........can anyone tell me why the pop up messages do not always coincide with the dashboard?
also are the signals intended to be acted upon immediately at the price that pops up or is it to wait for the next candle in that timeframe?
cheers
kimIgnored
Dislikedif you use 1.4 you take the trade when the alert pops up.
the alert pops up cause the candle that has met all 3 criteria for a nailed bar has closed and is now time to open a position.
what you CAN do, is under the indicator settings change 'shift signals' so that you are alerted with the PSAR changes giving you(normally) a few minutes of time to check your chart etc then you create your position on the close of that candle.Ignored
Dislikedthanks raverstyle maybe i will load up that version and see
when are you supposed to actually take the trade ?
cheers
kimIgnored
DislikedOk, just to clarify.
The amount of pips that you want to Take Profit at, is the same number of pips as the difference between the High and the Close of the "Nailed Candle". So, your Stop Loss would be at the very top of the Nailed Candle.
Hence, if your SL is 12 pips, your TP would also be 12 pips.
Is this any clearer?
Don't worry about asking as many questions until you feel satisfied. Maybe some others can help explain as well, because sometimes I'm not the most detailed in my explanations!Ignored
DislikedHi,
Have a question need to double check.
High and the Close of the "Nailed Candle". = Going Short?
Low and the Close of the "Nailed Candle". = Going Long?
ThanksIgnored
Now auto trading with set rules and no trader dicretion is another matter. There are many examples on the thread of nailed candle charts. Hope this helps. Happy Pipnailing - you can consistently make Pips with this
Dislikedif the psar changes from bottom to top AND the AO and AC turn red go SHORT
if the Psar changes from top to bottom AND the AO and AC turn green go
LONG
ALL AT THE SAME TIME ON THE SAME CANDLE
BOTH AC AND AO changing colors at the same time from what they BOTH were(Yes they both have to have been the same color prior to the nailed candle AO and AC changing)
You can use the standard sl 30 tp 30 or the difference between the top and bottom of the nailed candle to figure sl/tp or price action or any other way you want. Getting in is easy... it is managing the trade once you are in..... thats the difference between winning and losing. Some things to think about that require trader discretion:
What if the nailed candle is or has:
- a long wick showing a reversal
- a doji indicating a possible reversal
- already ran up or down more than the current trading range...has nowhere to go
- up against major S/R... it could go alot farther if it breaks(Take more Pips)http://www.forexfactory.com/images/icons/icon7.gif or stops and reverses abruptly opposite your positionhttp://www.forexfactory.com/images/icons/icon8.gif
Now auto trading with set rules and no trader dicretion is another matter. There are many examples on the thread of nailed candle charts. Hope this helps. Happy Pipnailing - you can consistently make Pips with this
Ignored
DislikedThanks Pipsnagger for the explaination.
I believe what u say is correct, going into the trade is easy, but getting out is hard.
Anyway, what happened to this thread, it look like it is getting quiet nowadays!
ThanksIgnored
Dislikedha ha sonic..i am all over the place.........but so are you so what are you using? i am using mainly ozfx signals and then using imran for entry and all for confirmation...crazy huh?
cheers
kimIgnored
DislikedI don't know about the thread activity.... hope the explanation helps...I like this method because as FM states... any pair ...any time... it is an easy entry. But like any method you have to work hard for your Pips.Ignored