Hi eve'one I just like to share with all the use of Randy Candles which I has had a fair degree success (see attached trading statement) although it may not be the one that the orginator traded with, it is the closest in my ability to replicate it.
For info on Randy Candles see: http://www.forexfactory.com/showthre...=20954&page=13
Randy Candles essentially work using HA candles together with two SMAs.
It works for me thus far as follows on the 1 min EURUSD when taking shorts:
1) Identify Zorro Alert Candle:
Zorro candle (Red small Candlestick with reasonably long black tails on both ends) for preparing to take a short position. The Zorro candle must be above/sitting on the PINK SMA.
2) Monitor and Identify Entry Candle
The Entry Candle must be red in colour and have black bar. The entry candle must be below the Pink SMA
The method is identify alert candle then execute short when the entry candle confirms the trade to take. I prefer to take a position when the pink SMA is above the yellow SMA.
For visual on the above,refer to the link http://www.forexfactory.com/showthre...=20954&page=13
Note that i did not cover exits as exit is based on my discretion in monitoring the subsequent candlesticks development as i am doing a scalp.
For info on Randy Candles see: http://www.forexfactory.com/showthre...=20954&page=13
Randy Candles essentially work using HA candles together with two SMAs.
It works for me thus far as follows on the 1 min EURUSD when taking shorts:
1) Identify Zorro Alert Candle:
Zorro candle (Red small Candlestick with reasonably long black tails on both ends) for preparing to take a short position. The Zorro candle must be above/sitting on the PINK SMA.
2) Monitor and Identify Entry Candle
The Entry Candle must be red in colour and have black bar. The entry candle must be below the Pink SMA
The method is identify alert candle then execute short when the entry candle confirms the trade to take. I prefer to take a position when the pink SMA is above the yellow SMA.
For visual on the above,refer to the link http://www.forexfactory.com/showthre...=20954&page=13
Note that i did not cover exits as exit is based on my discretion in monitoring the subsequent candlesticks development as i am doing a scalp.
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Forex Statement.doc
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