DislikedDoes leading candle have to be UP candle for buy setup and DOWN candle for sell setup?Ignored
"Buy on fear, sell on greed !!!
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DislikedDoes leading candle have to be UP candle for buy setup and DOWN candle for sell setup?Ignored
Dislikedi still dont understand this method. can someone please explain it to me in simple terms ?
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also, petar, how much success have you had with this ?Ignored
DislikedThanks Petar,
It would be helpful for myself and perhap others if I set out the rules you have outlined. Please correct if my understanding is not correct.
Buy setups:
1. Leading candle is smaller than candle1 and candle2 (incl wicks)-- in some examples you have given tho' this is not the case, as billbss has also pointed out.
2. Leading candle low is lower than candle1 low and candle2 low
3. Leading candle high is min 50% ( or top half) of either candle1 or candle2)
4. Candle1 andcandle2 high is geater than leading candle high.
Sell setups:...Ignored
QuoteDisliked1. Leading candle is smaller than candle1 and candle2 (incl wicks)-- in some examples you have given tho' this is not the case, as billbss has also pointed out.
DislikedHi Petar..
Thanks for your new candle formations! You have stated in your first post that one of your rule is that the leading candle must close in the 50% range of candle 1 or candle 2. But I often see in your examples that this is not the case!!So what is the deal here???Do I get something wrong???Thank youIgnored
DislikedHi Petar..
Thanks for your new candle formations! You have stated in your first post that one of your rule is that the leading candle must close in the 50% range of candle 1 or candle 2. But I often see in your examples that this is not the case!!So what is the deal here???Do I get something wrong???Thank youIgnored
Disliked50 posts, 23 attachments and 32 viewers currently reading this thread. not even one member understood the system
is it that hard to explain a simple candle stick system that has just 3 bars ?Ignored
DislikedHere is a 1H chart of EUR/USD.
I believe I have marked the set-ups properly, although I may have missed one or two.
If the bottom/top of the Leading Candle was set as the SL, all but one (marked with a red X) of these would have been in profit before being stopped out.
* The last one on the chart hasn't played out yet. It may be another one that never saw profit.Ignored
DislikedIf you pour over his examples and explanations, you'll find he didn't mean it had to close above/below the midpoint.
He meant that the H or L of the Leading Candle must break the midpoint.Ignored
DislikedOMG guys how you cant undestandi explained very slow and also i posted many chart for example...
bilbss most of your setups are correct just 3,4 arent good...Reason is we need for leading candle pin as i said in your 2 exmaples we dont have any low pin for leading candle others examples are correct
On your fourth trade i dont see from this view leading candles high is same as like candle 1 but i cant see good if isnt same that is also good setup
Cheers
PetarIgnored
DislikedWhat is your definition of "pin"? There are several definitions floating around.
Do you mean that the body of the leading candle must be engulfed by candle1?Ignored
DislikedInst important wich size is pin for formation,i dont see pin on your picture if you have pin its ok and that is correct setup...
As i said when you learn this formation there will be many trades and setups every day...We will post setups together becouse everyone can see on diferent frame,diferent pair and that will be good...
Cheers
PetarIgnored