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Easy entry system: coloured candles

  • #341
  • Jun 26, 2012 1:52am Jun 26, 2012 1:52am
Hi Kraven,
Eventhough this is my first post in this forum, i am looking it for quite some time. Yesterday I entered a trade in AU. Red dotted line is the entry line and the white arrow indicates the candle which i chose to enter. It went against me, hit the sl. Since you are more familiar with the method could you shed some light.
Attached Image (click to enlarge)
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  • #342
  • Jun 26, 2012 2:49am Jun 26, 2012 2:49am
Quoting godwin2002
Hi Kraven,
Eventhough this is my first post in this forum, i am looking it for quite some time. Yesterday I entered a trade in AU. Red dotted line is the entry line and the white arrow indicates the candle which i chose to enter. It went against me, hit the sl. Since you are more familiar with the method could you shed some light.
Nothing to do with the method which had several retraces and opp's to enter the trend during the last few days. More a general trading thing, in and around London close where (tradeable under different methods) reversals to trend often occur.
  • #343
  • Edited 10:08am Jun 26, 2012 9:53am | Edited 10:08am
Quoting godwin2002
Hi Kraven,
Eventhough this is my first post in this forum, i am looking it for quite some time. Yesterday I entered a trade in AU. Red dotted line is the entry line and the white arrow indicates the candle which i chose to enter. It went against me, hit the sl. Since you are more familiar with the method could you shed some light.
why did you enter at that candle? you can see the move had already been in play for quite some time, there was no great pullback, just a small retracement when you entered.
I could understand if you entered on the candle that pulled up to the dots (red candle + red dot + pullback). see my next post for example
  • #344
  • Jun 26, 2012 10:06am Jun 26, 2012 10:06am
GU no bets today, 4hr flat with mixed candles to dots and no entries on 15min however EU has been a good trading pair again today. Nice steady down move on 4hr so sells only.
I've mentioned before about re-entering when candles pullback to dots. today was a good example.
first entry I was hasty and lost -17pips, the second I just wanted my pips back and got +16 which was a good call in hindsight, the third (good example of a re-entry to the dots) got me +27 (although the move went over 40) and I missed the re-entry to dots circled
Attached Image (click to enlarge)
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  • #345
  • Jun 26, 2012 10:13am Jun 26, 2012 10:13am
Damn! I post to show the one I missed and it falls like a stone
  • #346
  • Jun 27, 2012 12:04pm Jun 27, 2012 12:04pm
still no entry on 4hr GU

1 entry early on EU lost -10, last entry EU got +34 (sl10)
  • #347
  • Jun 27, 2012 12:31pm Jun 27, 2012 12:31pm
Yes, that was a good entry on E/U. I also entered a bit early in anticipation of a drop from the RN after a very quiet European session. I've taken 2/4 at 16 pips, 1/4 at 39 and 1/4 is still floating.
  • #348
  • Jun 28, 2012 6:44am Jun 28, 2012 6:44am
just an educational pic..
Attached Image (click to enlarge)
Click to Enlarge Name: colour candles 3.gif Size: 43 KB
  • #349
  • Jun 28, 2012 12:22pm Jun 28, 2012 12:22pm
wasn't going to post but we got our pullback to the dots but it was on the GU that got there first (i only do EU and GU)
Attached Image (click to enlarge)
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  • #350
  • Jun 28, 2012 12:24pm Jun 28, 2012 12:24pm
No entries on E/U or G/U for me today. They had both gone too far when I got on the computer. I tried one entry on U/J, but it didn't go anywhere so I bailed at BE. I see it is setting up again, but as I don't know this pair too well and it looks like most of the move is over, I think I will stay out.
  • #351
  • Jun 28, 2012 12:35pm Jun 28, 2012 12:35pm
i had 38pips in the bag, bottled and bailed for +24 (went out). now see it would have hit my TP +40 and then some...never mind
  • #352
  • Jun 29, 2012 12:32pm Jun 29, 2012 12:32pm
no trades today. apparently asset managers diving in on end of month/quarter...?? EU's been up around 260pips.
It's friday, 4hr just changing to green. see what happens next week.
  • #353
  • Jul 2, 2012 4:06am Jul 2, 2012 4:06am
Signal on G/U, let's see if it breaks. But will have to get through RN...
Attached Image (click to enlarge)
Click to Enlarge Name: g-u.gif Size: 21 KB
  • #354
  • Jul 2, 2012 11:24am Jul 2, 2012 11:24am
GU flat, slightly up, EU down. when the GU is going one way and EU the other I get extremely cautious. I entered last GU signal, when it hit .57000 straight to BE, which is what I got stopped at.
  • #355
  • Jul 2, 2012 11:29am Jul 2, 2012 11:29am
Hello,today usdcad for 15pips
  • #356
  • Jul 2, 2012 11:19pm Jul 2, 2012 11:19pm
These were a nice couple entries for me (AUD/USD) yesterday and tonight (1st part 10 pips/ 2nd part 20 pips / 3rd part BE/floating):
Attached Image (click to enlarge)
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  • #357
  • Jul 3, 2012 9:59am Jul 3, 2012 9:59am
hello, today 15pip ucad, 15pip ej
  • #358
  • Edited 1:47pm Jul 5, 2012 9:25am | Edited 1:47pm
some great entries on GU and EU, enough pips for the week. ON EU +20pips from 8am signal, then re-entry at 12:30 (12:00 candle hit dots but didn't break) out for +105
GU entered 12:45, made SL 20 up 67 and still in but ready to exit as SL now at +60
  • #359
  • Jul 6, 2012 9:13am Jul 6, 2012 9:13am
running a nice profit from the EU entry (sl15 up +60) and i'm in on the GU, thought it had broke yesterdays lows and the .5500 area but it hasn't so am adjusting sl from 22 to 15. as it'll prbably bounce back

*as i type EU hit tp of +70.
  • #360
  • Jul 6, 2012 9:27am Jul 6, 2012 9:27am
glad I altered GU, out for -15 and not -22, +70 on EU
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