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Easy entry system: coloured candles

  • #201
  • May 22, 2012 8:29pm May 22, 2012 8:29pm
Kraven I think I am still missing something out. Im sorry to ask you again. I tried to search some examples on google about candle break but didn't find any.

I looked again at charts in post 3 where you marked candles that were no break and again looked at trades that you took and seems like there is something that Im not catching. Please show example. Thank you.
Lybi lydey, lybi vragov.
  • #202
  • May 22, 2012 9:05pm May 22, 2012 9:05pm
it's really quite simple. To Sell: We have our red Dot and red signal candle, for an entry the price of the next candle must go lower by a pip for us to enter. if it doesn't go lower we do not enter (like in the pic below).
a lot of trading systems rely on the same way to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: colour candles 4.gif Size: 36 KB
  • #203
  • May 22, 2012 10:43pm May 22, 2012 10:43pm
Great explanation Kraven. Thank you. I understand it now.
Now on the chart we have small and big arrows. Do you focus more on the big arrows or you look at small ones too? Its just all of a sudden I did something and I can't see small arrows anymore only big so I was wondering if that's gonna affect anything following this system. Thank you .
Lybi lydey, lybi vragov.
  • #204
  • May 23, 2012 8:30am May 23, 2012 8:30am
small and big arrows?? the arrows are or should be the same.
  • #205
  • Edited 9:46am May 23, 2012 9:15am | Edited 9:46am
in the pic you'll see i'm in on EU. it's over 30pips up as i type and SL is now at BE...the first half of pic is GU today (some good entries again), the other half is EU.
Attached Image (click to enlarge)
Click to Enlarge Name: colour candles 4.gif Size: 43 KB
  • #206
  • May 23, 2012 9:30am May 23, 2012 9:30am
i took a quick +70pips. i was in the EU but took profit when GU hit .5700.
  • #207
  • May 23, 2012 12:32pm May 23, 2012 12:32pm
i loaded the template on my charts inc. the cci-arrow and ultra-trend but i do not see the green and red dots on my chart, can someone please tell me the name of the indicator that shows the dot, thank u
  • #208
  • May 23, 2012 12:52pm May 23, 2012 12:52pm
ultra signal shows dots

well the trend is once again intact and the system (again) performed well. last entry on EU went over 100 and over 60 on GU. I'll go live next week, My main concern is I miss a lot of the entries as I trade mainly US and Asian open now.
  • #209
  • Edited 7:33pm May 23, 2012 7:19pm | Edited 7:33pm
The trend is down in 4H so sell signal is also more reliable
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 28 KB
Lybi lydey, lybi vragov.
  • #210
  • May 23, 2012 7:25pm May 23, 2012 7:25pm
Quoting kraven
small and big arrows?? the arrows are or should be the same.
You know at first when I lunched the indicators yes I did have big and small arrows. Then I played around with other currencies and small arrows were gone. I tried to fix it but was unable to. But since I compared your charts and arrows with mine looks like I have no mistake. Thank you.
Lybi lydey, lybi vragov.
  • #211
  • May 23, 2012 7:54pm May 23, 2012 7:54pm
Quoting Pip Maker
The trend is down in 4H so sell signal is also more reliable
Attachment
yes mate good signal...about 10pip stop. moved 30+ pips.

GU just given a signal and I've entered

GU 12 pip SL
  • #212
  • May 23, 2012 8:04pm May 23, 2012 8:04pm
Quoting kraven
yes mate good signal...about 10pip stop. moved 30+ pips.

GU just given a signal and I've entered

GU 12 pip SL
Yes thats awesome. Im also in a trade. I usually miss trades because of work but this one was unexpectedly on time.

May I ask if you trade full time for living?
Lybi lydey, lybi vragov.
  • #213
  • May 23, 2012 8:42pm May 23, 2012 8:42pm
No only part-time. I did try full-time once for a few months but found it wasn't for me.
  • #214
  • May 23, 2012 9:17pm May 23, 2012 9:17pm
Another signal is forming on eur/usd waiting for second candle to break.
Lybi lydey, lybi vragov.
  • #215
  • May 23, 2012 9:29pm May 23, 2012 9:29pm
i tend to just take one bet, unless the first one is doing well. Right now it's at BE so i'll just stop with that one for now.
  • #216
  • May 23, 2012 9:57pm May 23, 2012 9:57pm
Well that was 2 weird trades on eur/usd and gbp/usd.
Another signal showed up on gbp/usd. We'll see what its gonna do now.
Lybi lydey, lybi vragov.
  • #217
  • May 23, 2012 10:15pm May 23, 2012 10:15pm
remember the time. there's not much action early Asian market. the good thing is small stops though. often small and choppy at this time.
  • #218
  • May 23, 2012 10:18pm May 23, 2012 10:18pm
Quoting kraven
remember the time. there's not much action early Asian market. the good thing is small stops though. often small and choppy at this time.
Yes I understand, thank you. The stops are way smaller then the targets so that is the best part of the system.
Lybi lydey, lybi vragov.
  • #219
  • Edited 8:32am May 24, 2012 7:16am | Edited 8:32am
Quoting Pip Maker
Well that was 2 weird trades on eur/usd and gbp/usd.
Another signal showed up on gbp/usd. We'll see what its gonna do now.
when you posted this i didn't have my charts on, I thought i'd lost. I opened my charts now to find my GU was successful (i had TP of .5674 low of day for +16) since then 2 more helthy trades going +16 and +40 on GU. the EU was a loss, next one went 1:1 the next +50...

just entered GU before news. **not smart as it lost lol.
  • #220
  • May 24, 2012 1:38pm May 24, 2012 1:38pm
the last signal on both EU and GU worked out well (and still are). on EU just exited with +32 (sl was 10). only entered EU.
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