Easy entry system: coloured candles

i tend to go for round numbers or previous lows on a higher TF. remember not to get to greedy though. give yourself 5pips off the low etc.
as humans we always see the wrong picture..you might catch 25pips but the full move goes 40. we don't celerbrate the 25, we regret not getting the full 40. it's just as important not to loose. if you have a bet and it goes +7 then START to consider moving to BE. yes you will loose a couple, you will BE a lot, but you will win a fair few.

Hi Kraven

Just another word of encouragement.

The last few weeks have been trending strongly so this method like many has done well. I had a look at GU 2 recent periods when price went generally nowhere, 5-16 April and 4-10 May.

When good moves happened it pretty much caught them and the downside was limited, you can't ask for much more than that.

All the best.

I agree Vantage. I back checked before releasing this system on here and when we have a consistant trend we will catch it with little downside (as we will not be entering counter trend unless 4hr changes).

In flat periods again we take 4hr direction, and enter using 15m. So even if the 4hr is flat we still have movement potential on the smaller TF. with smart MM, moving to BE and setting realistic TP's you can still do well.

It's a sound system. as good as anything out there and better then most.

how do i do to ultratrend send me an email warning that the trend changed?

no bets today. but watch for the 4hr on EU for direction change.

No suprise that trend continued. 2 great entries GU 15sl/ max tp 50, EU 20sl/ max tp 66 so far.

Hi Kraven, nice works.....
Have you implement this system into your Live Acc trade?

I would give my thought here for Take Profit.....If this system can produce 95% hit rate on just 15 pips (with Max TP 20 pips).....We could take 2 trades simultanously using correlation EU-UCHF at one time.....That 30 pips a day and 600 pips a month.....you can add 1 more pair like EJPY.....and that would be 900 pips a month (of course the time to trade is after London Open).....

yes i'm using an old live spreadbetting account now.

although the results have been fantastic. I don't think i've recorded a loosing day. I'm still apprehensive about putting to many positions on, plus the acount i'm using is small. But i see your logic.
I realy want to see a big choppy situation...maybe we have had one but the system keeps us out e.g. yesterday morning asian session, that's why i incorporated the higher TP for trend.

I'm in EU now, wanted to bail for 20 and have missed 2 chances..should have put in an auto tp, have now...ended up with +5

hi kraven, do you have an EA that you use? This seems like a fairly easy system to determine entry.

No unfortunately i don't have an EA. An EA would be handy however although this system gives clear indication as were to enter I also advise judgement on your own behalf. there was NEARLY an entry on the EU today but because the move from the red arrow to the low of the entry candle was close to 70pips I wouldn't have entered

Took two more trades today:

EURUSD - sell order for +5 pips (see first red arrow in middle of screen below)

USDCHF - buy order for +5 pips (see first green arrown in middle of screen below)

I've gotten a grip of the Ultrasignal and FXUltratrend indicators should they go wrong in the future.

However, they make the visualisation so easy - no sense in changing them!!

Regards
Ath

Athravan neither of them should have been entries. the entry was the bottom and top of the next candles, that when your dots appear. the price didnot pass either of the entry candles so there was no entry.

looking for buys now on EU. entered one this morning SL 23, ended up at BE (it went about +15). Re-entered later but the SL was going to be 35 in a tight range, instead entered about todays open .2572 with a SL of 16, we'll see what happens

Oops - guess I got lucky then

Kraven

.2572 was not a buy signal since it was not after the break of the signal candle but on the middle of the signal candle, right?

see my last post didn't get on due to high volume on site.

as i mentioned migmac the real entry would have been 35pip SL, in a tight range with yesterdays high, todays open inbetween and some news coming out. so I improvised a bit. i'm at BE now, bet went +30 i have tp of +40 (.2613ish)

Managed to take 40 pips (my daily target) with this trade:


SL was about 25 pips.

just seen it went past my tp too for 40pips

Messiahua see you stuck to the earlier trade, worked out well.

see what this brings.

**it's actualy moved 25 pips already so moved to BE.

I "just" see your method works well in EU today.....
Cheers