Bull and Bear Entry

Can you post the screen shot of the EMA setting you are using
and also the screen shot of the entry you have lost

by the way this method is developed by me only and yes lot of time was
put to study the chart etc

Now I am in the process of studying the entry purely based on heiken ashi
without EMA and any other indicator

Below is a chart of the mentioned trades with comments. Appears to be 3 instances where entries would have lost?

In checking back on the chart on the GBP/JPY, there is a fair amount of time that the close is just inside the 21 MA, and the reading is -.01 or less, where the trade would have been a real winner. Have you tested that? In most cases on the potential short trades, it looks like the candle is red, and there's not even an upswing at all before the pair goes down by a good twenty pips and a lot more. I'll keep my eye on this too. VERY interesting little system you have here. I know you want to keep the thread to one pair, but as you say, the E/U is good for this too, with the same settings.

Hi paro

Thanks for posting the chart. The one you have marked where the price started to move up but stopped out. I have identfied those ones as
further short trade. The reason for that are

The Red Bear indicator is down

The Bull number eventhough + the later candles does not have both the bull and bear number as + for the price to go up

Yesterday us session there was a massive fall the bear number was -.98 first
candle and second candle it was -1.25 something like that. It shows great
bear power.

yes I have noticed -.01 inside the EMA 21 and possible profit

There going to be lot of observation about the numbering of bull and bear

HI masilva

I missed your question

It is close of HA candle not the close price

New/ Add on Short chart

Still following & studying your system, and am very impressed. From your last post and other posts, you would not take a long position even when the bulls show a PLUS when the red bear bars are below zero on the chart. Thanks for that clarification. Still not sure how one would have known to go short at that point, but that's OK. I like how you've used the 21 MA in conjunction with the plus/minus readings to weed out false entries. There's very little retrace after entry in most cases on these trades. I think as more people look at this system you've developed, this thread will get a lot of notice.

Hi parodoxical

Thank you for the encouragment which is needed

Like I said in of the post I am in the process of studying the HA candles and like
to use in conjection with our bull and bear power. I have noticed some
good entries based on that but let me see things carefull during weeekend
to post some basic of HA

If you can, and have the time, it might be good to post your template and indicators on post #1. I have the Heiken Ashken candles, but they don't match yours, and I don't think they are a stock indicator on MT4. I've had to fool around with the settings on the moving average indicator to get it as close to your posted charts as possible. The "Parameter" setting of "Apply To" that makes my chart closely match yours is "Apply To" HIGH. But, I'm not even sure if this is what you use. This does a make a difference because the candle close may be inside or outside the 21 Moving Average line depending on which one you use. I also see that the readings are different...obviously, from your broker to mine, and in some cases, there are excellent trades even if you get a candle close inside the 21 Moving Average when everything else otherwise matches. I knw stops are always an issue, and I don't think I've seen it go more than 50 PIPS against the trade, and most all trades will gain at least 20 pips, with some going well over 50 to 100 or more. Will continue demoing.

HA attached

EMA I apply to high only and Low only

I will try to send the screen shot of EMA

Have you seen the move now on gj

I did enter the candle bull and bear +

Had some 75 pip gain

I think the one in the attached chart is the trade you're referring to. Yes, I did have my eye on that trade, but hesitated because the red bear candle was just a little bit below the zero line. My reading was +.10 on the bulls and -.07 on the bears at the time. For those watching this thread, that trade could have given you 172 pips if you closed at the high, or 114 if you closed at the second red candle. The drawdown was only 27 pips.

Just want to share my chart to you, Snake Bull Bear chart.
It seem deference for each pairs to set the level of bull and bear indicator.

I think the one in the attached chart is the trade you're referring to. Yes, I did have my eye on that trade, but hesitated because the red bear candle was just a little bit below the zero line. My reading was +.10 on the bulls and -.07 on the bears at the time. For those watching this thread, that trade could have given you 172 pips if you closed at the high, or 114 if you closed at the second red candle. The drawdown was only 27 pips.


Hi could it be the data feed because all the candles were in the 21EMA channel?

Ericoc, I had the same issue where my candles were further inside the 21 Moving Average. In the idnicator there are settings you can change. One of them is "Apply To". try fiddling with those settings. When I use "Previous Indicators Data", I seem to get the candles to move more outside the 21 Moving Average than with some of the other settings.
Also, the feeds do vary between brokers.

Hi paradoxcial

I got your point about EMA what I have done is EMA high and low applied to chart.In the chart then I went and applied one of the EMA as applied to first indicator data.

So the EMA chart now has EMA 21 high as well as EMA 21 first appled to data. Seems Like you observed better entry and clear visual

so my chart will be like you for EMA 21

By the way, I'm excited about this system you've developed. I've not used the HA candles before, but I'm beginning to like them. Also, the bull and the bear numbers I hadn't used before, but I can see they are better than moving average crosses to guage the strength of a movement one way or the other. When you combine with your method of entry when it's outside the 21 moving average, but showing signs of moving back in by virtue of the plus or minus on the bull or bear, I like it a lot. Has only been a few days, but I can see and predict movement of a pair much better with this than I think all the other methods I've used.
I think this thread will grow as more people check it out and see the possibilities. I'm keeping it to your GBP/JPY discussion, but this also works for the E/U and G/U that I've had the time to check so far. Logically, it should also work for different time frames with altered settings. But, if one can get 50 pips a day with a 5 minute chart, that's all one needs.
I think the key is that a pair tends to move back towards center, and you've found an excellent way to get in at just about the right time, and also and more importantly, when NOT to get in.
Won't be all winners. Nothing is. Thanks for making a thread for it.

Hi paro

thanks for that

Have we now synchronise with our EMA for future discussion

Wait some more interesting matters will be used along with this bull and bear
to predict the movement in advance

Hope fully next week

Hi Harigp...same question..or HA just for exit?

Check the EU 5 minute chart where I have the HA candle in colour Red and Blue.

For Short:

Where ever the blue colour candle closed with blue and white on top of the candle and does not have paper clip formation you go short the next candle and also the bear indicator is looking down

For long

After the down trend if you spot red colour candle with paper clip followed by blue colour candle with bull indicator

This is my first observation:

My observation on HA with bull and bear indicator is intial stage

Attached the chart with remark


HA CLOSED CANDLE WITH FOR ENTRY AND EXIT