Easy entry system: coloured candles

When did you get the signal? I don't see it on my charts. I had one a while ago.

For the sake of learning: Kraven, how would you have traded this? H4 trend is long.
Have I got the entry and SL points right?
The way I understand it, there might be one BE, one loss and one no entry because of too long candle (for the time of day - Asian session)?

yes it was a few hrs ago. I switched my charts off but I've set to BE and TP so don't know how it's gone...or going?

Jostein your chart looks good, don't forget a pip or 2 above candle for the breakout. First entry looks like 1:1 or BE, seconds an unlucky loss by about 2pips, the last looks to big for me.

just quickly switched on charts..see there is a posible EU set-up happening. I'll get in if it breaks. but i'll put a big TP on of around 70pips+...and see what happens??

Thanks Kraven, appreciate your help with the chart!

Kraven I have a question about this trade. Looks like your take profit was set at 4h resistance is that correct? Its 2 pips close to round number. Why wouldn't you make your TP 5690 and be sure it hits ur target because sometimes it won't touch it by a pip or two . Please explain. Thank you...

bit of both pipmaker, i like to put tp near RN but never quite at them, plus 4hr had also had a few candles stop and start around here. it broke even.

Brother I just found one simple thing that we can to do escape entering the bad trade. You wrote enter the trade when candle break 1-2 pips but most of the time when there is a bad trade there is still brake occurs as low as 1 pips never seen 2 pips so far so I wanted to take in consideration that and follow these trades and enter the trade after 3 pips brake. We can get 1 pip less from market but that 1 pip will make so much difference and keep us from non profit trades. Any suggestions?

possibly pipmaker. I like to enter when I can. like i mentioned before..

"just quickly switched on charts..see there is a posible EU set-up happening. I'll get in if it breaks. but i'll put a big TP on of around 70pips+...and see what happens??"

well on this trade i set a pending order and i got stopped out for -16 (tp was just under 1.27100). however I re-entered at 10am and put my SL under the RN, same TP which just got hit.

I didn't trade the GU but the entry was at the .57000 area so i thought it was best to stop out.

I got the EU as well. Also had the SL a couple pips under the RN. I didn't move SL when I was in profit by 10-12 pips as I felt the RN provided some support for it to take off some more. Bailed for 25 pips - should have left half to run I see....

Jostein that was the same thinking as myself with the RN giving some SL protection. however i would have moved to BE I just didn't set it up.
once the third candle found some support there it gave me some confidence in the trade.

*i'm selling the Gu now .57520 hoping to just a few more pips at a higher lot.

*out for +19, glad about that

well that quick sell turned out nice for me, a little high on the lot size then normal, it may come down further but +19 is good for a quick entry...now for beer, choc cake and the match..heaven

hello kraven only time for 1 trade till now in this week. Just now 26pips on eurjpy pullback. thx

Check this thread out, it is the same system we are using here but this guy is not just following the arrow signals, he has some other indicators that he uses that system, maybe it is your friend Kraven that gave you this system . There is something we can use to avoid false signals using his method.

<<Link has been removed>>

pipmaker this guy only started posting this 11 days ago so the chances are he got most of the indi's off this thread.

the added indi's may keep you out of some bad trades but it's likely to keep you out of some good ones and also get you in late on some too, making them bad.unfortunately you can't avoid false signals. no matter what you do. you really need to realise this, i wish you could but then you'd have the holy grail.

remember, the added indi on my system is trading with the 4hr trend.

Kraven I understand brother, thank you for all your help and support, I only wanted you to check that thread and hear your opinion. I am now going to remove that link. Thanks.

No pipmaker keep the link on. I'm fine with that.

And i don't mean to lecture. I just want anyone reading this who maybe fairly new to trading to realise as quick as possible that nothing is perfect. no trading style or system. And the quicker traders come to terms with that, the less time they'll spend searching, the more time they'll actualy have trading and learning.

think of it this way...

we use an indi, something simple like a 20SMA. why 20? why not. now we pick a timeframe....15mins. buy if price is above, sell below.now this would work great if everyone used it. but they don't. others use 21sma, 10sma, 50sma...13EMA, 21EMA...21EMA shift2...some use 2, 3 even 20 different MA's crossing...on a 1hr or a 4ht TF on different brokers.

Now thats only a few variations using MA's..what about stoch's, RSI, MACD..and what settings do we use RSI 3, 7, 21??, how about Stoch and RSI and look for divergence too.now we have turtletrading channels, colour filter...Ultra Signal (lol)

The variation's of indicators is huge.

candle patterns too, different brokers have different candle finish times..also you look for a candle pattern on a 1hr chart...that pattern doesn't exist on any other TF at that time.

All i'm doing by putting this system here is giving a very good way of entering a higher TF's trend, using a lower TF. if the trend truely is our friend then using a lower TF to follow a bigger trend is a good way to ride it.

i use alpari uk - they upgraded to build 432
now i cant get the dots on my charts
any help much appreciated

I don't know how to solve your platform issue robuk, but if everything else fails - you can always use a Linear Weighted Moving Average of 84 applied to close. All the dots do is show you when it goes from a negative to a positive slope. For all you who don't have access to MT4 and are stuck with e.g. oanda (maybe during work hours or similar), add the CCI 45 and you are all set. It isn't as easy to see the entries, but it does work the same.

Nice entry on E/U from when markets opened last night. Caught half at 12 pips and the rest at 50 pips with SL at break even.