Appears it might be better on smaller time frames...maybe one hour...maybe 15M...this system is all about momentum trading and momentum trading doesn't exist against the trend, but on smaller time frames with smaller t/p's, should be ok.
the broker i use is igindex. thier daily candles actually finish at midnight (bst) , long after the markets close. and the next daily candle opens a minute after midnight. so any trades entered will have to be a minute after midnight (next day candle).
bearing this in mind, as the candles end long after the markets have closed, are the candles still valid signal candles ?
are these ok ? just making sure iam following the system right.
regards
Ignored
Your broker is different from mine. So if the pairs you listed above conform to this strategy, then they are valid. The only way to know whether they are valid or not is to post them
Your broker is different from mine. So if the pairs you listed above conform to this strategy, then they are valid. The only way to know whether they are valid or not is to post them
Ignored
how do i post my charts on here ? iam not very good with computers (even in this day and age !).
the broker i use is igindex. thier daily candles actually finish at midnight (bst) , long after the markets close. and the next daily candle opens a minute after midnight. so any trades entered will have to be a minute after midnight (next day candle).
bearing this in mind, as the candles end long after the markets have closed, are the candles still valid signal candles ?
Joined Aug 2008
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Status: Trading Live as a Professional Do
|363 Posts
this is a kind of system am looking for. is another way of studying candle sticks. its nice. i am using alpari. its very ok on weekly chat too.kudos. my stop loss is closest swing candle.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
Appears it might be better on smaller time frames...maybe one hour...maybe 15M...this system is all about momentum trading and momentum trading doesn't exist against the trend, but on smaller time frames with smaller t/p's, should be ok.
sorry for the off topic (lower timeframe) post Ashraf
Ignored
Jag:
These are great examples...thanks.
Can you supply a little recent history of t/f's and pairs that are working good for you?
I really love this simple system...I dont have to guess with indicators and that I don't really understand anyway, but I do understand momentum and price action.
Can you supply a little recent history of t/f's and pairs that are working good for you?
I really love this simple system...I dont have to guess with indicators and that I don't really understand anyway, but I do understand momentum and price action.
Ignored
A work in progress losingtrades, but these engulfing bars / candles do work.
Pure PA ,SR and candlestick analysis. I like the hour before Frankfurt open best.
Like groundhog day again, 6 - 7 am UK time works well.
Joined Aug 2008
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Status: Trading Live as a Professional Do
|363 Posts
For those who are confuse about this method, though it is too earlier, but because of the price trend today, i think eurusd, audusd may have a valid setting according to alpari uk if it ends this way today. i will wait until close of todays candle to determine. the trend may continue tomorrow-
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
For those who are confuse about this method, though it is too earlier, but because of the price trend today, i think eurusd, audusd may have a valid setting according to alpari uk if it ends this way today. i will wait until close of todays candle to determine. the trend may continue tomorrow-
Ignored
eur/usd is not a valid set up, as the previous candle was a bull candle.
