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  • #1
  • First Post: Edited 1:45pm Nov 5, 2008 1:28pm | Edited 1:45pm
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
  • #2
  • Nov 5, 2008 1:43pm Nov 5, 2008 1:43pm
good luck
  • #3
  • Nov 5, 2008 2:14pm Nov 5, 2008 2:14pm
And how do you know where is TP and SL?

Quoting xoiper
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
  • #4
  • Nov 5, 2008 2:36pm Nov 5, 2008 2:36pm
Quoting xoiper
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
Can you tell us what kind of success percentage you have had with this method over the last 2 years? Thank you!
Believe and Achieve!
  • #5
  • Nov 5, 2008 2:42pm Nov 5, 2008 2:42pm
Quoting xoiper
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
It's quite a common strategy but generally used with trendlines to better identify a break above the trend. I looked at it a while back but there are a lot of false moves.
  • #6
  • Nov 6, 2008 2:44am Nov 6, 2008 2:44am
Hi! I was interested a lot about your idea and as a beginner I'll use it and look for results!!!!
  • #7
  • Nov 6, 2008 11:27am Nov 6, 2008 11:27am
Quoting Dezil
And how do you know where is TP and SL?
u can put sl at the close of the second candle
about tp u can let it run until see a reverses in the time frame u trade
  • #8
  • Nov 6, 2008 5:41pm Nov 6, 2008 5:41pm
Quoting xoiper
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
From your experience please what is the best timeframe and pair?
Thanks
  • #9
  • Nov 6, 2008 6:58pm Nov 6, 2008 6:58pm
This is a common pattern known as the Three White Soldiers. I actually released a free EA on it this past week.

As someone else pointed out, it's not a very strong indicator, needs confirmation. The best TF for something like this are the longer timeframes. If you're not willing to trade off the H4 charts at the slowest then it's probably not very good for you.
  • #10
  • Nov 7, 2008 6:24pm Nov 7, 2008 6:24pm
Quoting xoiper
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
Dude I think that is a very simple trading plan, no S/L or T/P, or technical and fundamental analysis? I think you're leaving all the trading to luck, very dangerous thing. Now I'm not saying that candle analysis is bad, but with just that I think you're just wasting money. How much profit you make per order?
  • #11
  • Last Post: Nov 7, 2008 6:54pm Nov 7, 2008 6:54pm
Quoting xoiper
i really do not use a trading system i use a very simple method for trading i think no body ever in ff use it as i create and develop it after two years of trading here it is
the three candle trading method
in any time frame you are looking at if the third candle closed above the previous two candles closes it is long trade
if the third candle closed below the previous two candles closes it is a short trade
i use only the chart without any indicators and looking at the chart i can know where to put sl and tp
Like this?
I don’t think it’s a good method.
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