DislikedIt is bearish reversal but this long red candle on top. Look at pic.Ignored
Learning never stops...
4 HD system (trend follower) 3 replies
Journal for Trend Follower 5 Minute System 9 replies
Trend Follower System Programming 4 replies
A good EA trend follower? 2 replies
trend follower system templates and indicators an issue 5 replies
DislikedIt is bearish reversal but this long red candle on top. Look at pic.Ignored
DislikedWhen this signal appeared, the H1 showed a down trend, M15 showed a to-be-breakout pattern, and the price has fell only a little. Although the rainbow is not too narrow, it is the first one after the M5 breakout. I was thinking there is high-prob the price with go south. Also, the profit/loss ratio is good, the recent high is not that high.
This is a really great Signal from the Follower, but I wouldn't take. Why? My experience tells me that if I take it, it will somehow immediately hit my stop-loss. Still observing.Ignored
DislikedExcelent signal which should be remembered and any trader of this system have to look for that kind of signal. Why? In few words, guppy not expanded, price steady for some time before signal in small range, first signal after breakout etc. But most imprtant thing is that price rebounded from previous support and become resistance and small range conditions before signal. Explanation is on pic.Ignored
DislikedFundamentals, additionaly said that it was going to go south, because of Tax Free Yen repatriation policy in Japan.Ignored
DislikedFundamentals, additionaly said that it was going to go south, because of Tax Free Yen repatriation policy in Japan.Ignored
DislikedPilatus, thank you, thanks to your efforts. Your posts (as usually) are very useful.
Ignored
DislikedIn last three posts are all esential knowing about this excelent system. Best signals are on first post, good on third and not tradable on second post. I have purposely removed pivot level to better see examples. So if anyone now have doubut about what means guppy contracted let look at those three posts.
One thing more- if someone doubt where to exit from trade we have pivot levels in first place but slope line indicator is big help. That is all I have to tell about guppy indicator for now.
Hope I helped!
Have a good weekend!Ignored
DislikedThanks Pilatus.I really benefited from the tutorial.I say may God bless your trades.Ignored
DislikedThanks, honestly I wrote that mostly because of you. I noticed that you have problem with recognizing what guppy contracted means. Now if you have any doubt go to that post, see example and especially this example AUD/USD and try to search for that kind of signal. If you are still not sure if guppy are contracted or not look for confirmation, like price movement before signal and does price rebound from some level from which rebounded before too. If you...Ignored
DislikedHi pilatus, just to let you kno so many of us are benefitting from your effort!Thank you and keep up your gud job,may God reward you abundantly................Ignored