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Tony's Two Candle trading system

  • #401
  • Jan 14, 2011 10:21pm Jan 14, 2011 10:21pm
What criteria are you using for demo trading, and what results have you been getting?

Quoting brucewhain
Dear Tony_ dTrader,

Yours is far and away the best trading system I've found on FF after years of full-time searching and trying to find something that works. Thanks for sharing it. With luck will soon be getting beyond the (final protracted) demo trading phase.

Best, brucewhain
  • #402
  • Jan 15, 2011 3:15pm Jan 15, 2011 3:15pm
I am experimenting with vHands Trader today, getting consistent results. Maybe change your stops. it seems to work for me.
  • #403
  • Jan 15, 2011 3:23pm Jan 15, 2011 3:23pm
I don't know who you're referring to here, as you did not quote anybody. My question above was this:

"What criteria are you using for demo trading, and what results have you been getting?"

Quoting brucewhain
I am experimenting with vHands Trader today, getting consistent results. Maybe change your stops. it seems to work for me.
  • #404
  • Jan 15, 2011 4:41pm Jan 15, 2011 4:41pm
Quoting brucewhain
Dear Tony_ dTrader,

Yours is far and away the best trading system I've found on FF after years of full-time searching and trying to find something that works. Thanks for sharing it. With luck will soon be getting beyond the (final protracted) demo trading phase.

Best, brucewhain
Looks like Tony is long gone. But his system lives on.
I agree that this entry system is a real find.
I have started a separate thread with an adaptation of the 2 reversal bar entry. http://www.forexfactory.com/showthread.php?t=276335
  • #405
  • Jan 16, 2011 3:10am Jan 16, 2011 3:10am
Thanks Jiva, have certainly enjoyed your thread. And what an avatar!
  • #406
  • Jan 16, 2011 4:02am Jan 16, 2011 4:02am
I'm looking for a Script or an EA that I can use to place pending order at the 1st tick of new H1 candle....

Is there any? Thanks for your help
Lets make some green pips
  • #407
  • Jan 21, 2011 3:36am Jan 21, 2011 3:36am
Today EU kinda easy and relax +50 right now (TP +10)..
  • #408
  • Jan 21, 2011 7:35am Jan 21, 2011 7:35am
okay hit SL -20...guess time to stop...
  • #409
  • Apr 28, 2011 6:07am Apr 28, 2011 6:07am
S/L Top of candle
T/P 50PIPS

THE REST IS IN THE PIC!
Attached Image (click to enlarge)
Click to Enlarge Name: PIMPMYSTRATEGY.JPG Size: 170 KB


Hope you all enjoy. And make sure you post your questions But let me know by putting a comment on my profile. Thanks
  • #410
  • May 7, 2011 5:17pm May 7, 2011 5:17pm
Quoting Forex090909
S/L Top of candle
T/P 50PIPS

THE REST IS IN THE PIC!
Attachment

Hope you all enjoy. And make sure you post your questions But let me know by putting a comment on my profile. Thanks
How long have you been trading like this? Any longer term live results? Is 50 just your preference or based on some longer term result?
  • #411
  • May 9, 2011 4:34am May 9, 2011 4:34am
Quoting RibLips
How long have you been trading like this? Any longer term live results? Is 50 just your preference or based on some longer term result?
Mate I'll be honest with you: you can keep looking and looking for a system that is full proff. Don't use it. Just use price action. I can tell you this is the only way from experience.

Good Luck
  • #412
  • May 9, 2011 6:27am May 9, 2011 6:27am
Yupp. trade with the trend... That's it.
Look for support and resistance watch out for market times...
London open, NY open, news releases, London close, etc.
Make sure you have a enough margin to ride out a swing or dip...
pivot points...
"When this, then that, if this, then that"... trading systems don't work in the long run...
They just don't work... As convenient as it would be if they would work, they don't work...
  • #413
  • May 10, 2011 2:47pm May 10, 2011 2:47pm
hey friends.
its a killing simple system works only if your brain ON!
you may trade by buy_stop / sell_stop orders on M1 chart and for price to breakout the previous swing in the direct of the 1-st candle
dont forget to analyze the 00.50 zones, pivots and fibs
turn your brains ON!
  • #414
  • May 10, 2011 11:59pm May 10, 2011 11:59pm
Quoting tony_dtrader
Howdy Folks,

Just wanted to share a high probability trading system to you. Its very simple, just pull out a 1hour chart any currency.

Now simply wait for a bull or bear candle to form, after it closes bullish or bearish, ITS MOST LIKELY the next candle will form bull or bear candle...theres some easy pips for you.

Examples:

Bull candle at 8gmt, most likely 9gmt candle could be a bull candle too.
Bear candle at 11gmt, most likely 12gmt candle could be a bear too.

Entry Exit Rules:
Bull candle --- Stoploss at the low of the previous candle,...
Hi ...are you using bullish / bearish engulfing technique or bullish / bearish harami... looks to me the same.. quite risky. but may be a bit of help with bollinger band where when top of the band is hit we can confirm this entry type of yours... however no test we done for RR.

pls help.

Adious....
  • #415
  • May 11, 2011 12:26am May 11, 2011 12:26am
well i sometimes used candle formation as an entry and target... however your system needs some filtering in determining true or false signal...

to determine true/false signal i added a new rule as follow:

- bearish/ bullish signal should started from fresh top or fresh bottom which follow by the same next candle (bear-bear or bull/bull)
- the minimum target is breaking the top of the second candle (if it was bull) or breaking the low of the second candle (if it was bear)
- the stop should be above or below the fresh top
heres i filter your signal... it may help

regards..
Attached Image (click to enlarge)
Click to Enlarge Name: twocandlesystem.GIF Size: 16 KB
Verily, in every difficulties there is relief
  • #416
  • May 11, 2011 3:42am May 11, 2011 3:42am
Quoting primzvicious
well i sometimes used candle formation as an entry and target... however your system needs some filtering in determining true or false signal...

to determine true/false signal i added a new rule as follow:

- bearish/ bullish signal should started from fresh top or fresh bottom which follow by the same next candle (bear-bear or bull/bull)
- the minimum target is breaking the top of the second candle (if it was bull) or breaking the low of the second candle (if it was bear)
- the stop should be above or below the fresh top
heres i...
heres an example... hope it works
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 32 KB
Verily, in every difficulties there is relief
  • #417
  • May 11, 2011 5:14am May 11, 2011 5:14am
Quoting primzvicious
heres an example... hope it works
fail sl hit
Verily, in every difficulties there is relief
  • #418
  • May 11, 2011 1:07pm May 11, 2011 1:07pm
Has worked pretty good so far today on usd/cad. The uptrend has def made it look really easy lol
  • #419
  • May 17, 2011 11:17pm May 17, 2011 11:17pm
Quoting primzvicious
well i sometimes used candle formation as an entry and target... however your system needs some filtering in determining true or false signal...

to determine true/false signal i added a new rule as follow:

- bearish/ bullish signal should started from fresh top or fresh bottom which follow by the same next candle (bear-bear or bull/bull)
- the minimum target is breaking the top of the second candle (if it was bull) or breaking the low of the second candle (if it was bear)
- the stop should be above or below the fresh top
heres i filter...

Hi... can we use accelerated ossilator in away to determine the true or false signal...


Adious...
  • #420
  • May 17, 2011 11:49pm May 17, 2011 11:49pm
Quoting primzvicious
heres an example... hope it works

i have a question... the ones that i have boxed on your chart with a tix yes or no, could these be potential trades as well?

Or we need to make sure the bullish or bearish closes below the previous high or low including the wick as well?

Adious....
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