1 min Scalping with Randy Candles Resurrected

if there going to run those indicators i think they need this indicator in there indicator file, does not have to be on charts but in file

Good setup with reasonably tight stop.....and moving away from pivot..

My template uses 6 as trix setting....F4 uses 3...I suggest you try both.
Cheers
CanuckCT

Looking for my first trade of the day pre-london. First possibility is around 816 by my charts time, for a long trade. Not happy with it as trend is down, and guppy indicators are down in almost all time frames. So I am hunting for short trade.

First opportunity for short trade is at 827 via randy candles, but waddah is saying this might be false breakout. I wait again till 849...yay, my planets are in alignment, randy candle says short, below 3 and 25, waddah has broken out and QQE is headed right direction.

Not bad....12 pips for first trade of the day. Exit when green bar started coming out the top of my red randy candle.

Alert/Entry/Trade=15 pips

yellow lines 4 more trades that could have been taken with trades setting up now but adr slowing down. before the yellow lines, alert candle, then entry candle with me waiting on price to open on right side of ma.

I am new to this thread and trading method. So far I am finding it interesting. The only question I have and looked for answer through the whole thread is..

.. Where could I learn about the types of candles discussed in this thread. i.e. zorro, chilli etc..

please advise.

If I missed the same in this thread, I apologize in advance.

start here
http://www.forexfactory.com/showthre...=20954&page=13

plus a while back I uploaded 2 doc's on them here
http://www.forexfactory.com/showpost...7&postcount=14

f4mnect, Thank you very much!!!

my pleasure, good luck with the info

what is randy candles by defination..
can anyone give an example?
thanks

please read the pdf I posted a link to 3 post up. will explain everything

Euro on down trend today, waited for everything to line up again and bang...down she goes for +45!!!

Nice F4... I am using a different template, what is the
MA the price has to cross in your template as your
screen shots show here?

thanks

Brian

10 sma

Hi guys

First I am a newbee....

Second I'd like to thank all on this site as the ideas and sense of community is superb.

Third I'd just like to say after going through a range of systems and methods over the last three months for me at this time this system seems to make a huge amount of sense. I am using M1 chart, here is my approach.

Alert signs are clear - based on small Heinken Ashi candle at top or bottom of fan
Check higher time frames for confirmation of trend
Check to see what news is likely to hit
Wait for entry
Entry is relatively easy as well for me its when the 25 EMA crosses the 3 EMA
Stop loss for me is usually at the last low point
Profit is either when price line crosses the HA candles and the next HA candle is opposite to trend we are following

Advanced
Buy multiple lots and sell a portion to cover position and let the rest ride
Trailing stops give great profit potential
Use daily pivot points and resistances to 'predict' support and resistance levels

Would like to refine this as much as I can as it seems quite a clear approach to trading...

Any comments welcome. Again thank you all who have contributed to this thread.

It seems such a simple system but like everything it solely depends on attitude and psych of the trader.

Peter

The only thing about my entry was that price was a bit close to the pivot. I was playing the break below the pivot.

The first entry, which I did not take, had the pivot as a target.

Cheers
CanuckCT

Really like your new setup with this f4, thanks.

Brian

Two sells....both now closed.

GU...was looking for a break below 1.66...struggled to go above pivot..
EJ...was looking at break below open...

EJ hit pivot and appeared to bounce a bit...closed for +26.
GU hit +40 and I took it.

Cheers
CanuckCT