High low bar chart only & how to trade them!

jpy should get much stronger !!!!!!!!!!!!!!!!!!

maybe leg will come by usd

usd looks at the top see usd chf resist power here

donkey running now !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

nice weekend frds

specific conditions in full text





hope we can fly with it !


:nerd: Entry conditions:

1. Support > resistance

or >= ?

1. Trend line with smallest power data

check if power data of S & R
see if

Spower > Rp
Spower < Rp

1. break of the smallest power line **** ( need fine tunning)

we know S>R

if break come from above A TYPE ; price hit the S line first

Spower < Rp = valid !

Spower > Rp = rejected *****

if break come from bellow B TYPE ; price hit the R line first

Spower < Rp = rejected ****

Spower > Rp = valid


(need test & fine tune this part when ea give me choice in menu of alert from S>R conditions so i can follow more easy more currency live test !)

1. position of previous bars

this is more tricky but it validate the swing that gives the power to the break.

TYPE A

S>R, break from above , break the S line
before that break
MUST HAVE
LOW OF BAR >= S line ******** see post 203 real deal closed

TYPE B

S>R, break from bellow , break of the R line
before that break
MUST HAVE
HIGH OF A BAR < R line *********** see post 195 real deal closed


this filter based on high & low is quiet restrictive ; maybe we can use latter on High & low in another way;
example 1 or more High > S for a break of S line less restrictive but maybe not ok no idea must test live

Conflicts:

Position of previous bar filter & way to use the filter & number of bar selected ie one or more

Rejected pattern at start can become valid in a second stage
example

Type A & Type B rejected can become valid if the second line ie the weakest one is broken .
in this case it seems visualy we are quiet far from swing + start down trend but there is still some juice inside .....maybe need testing *********

every time u see ********** in text = neeed more testing

2 trades

would be good to trades 2 positions one with sml t/p & one with bigger t/p

/////////////*************

will continue stop loss & profit target on next post

thanks

looking for way to trade post 193 & 196


any suggestions welcome

Stop loss & accepting to lose ....

"Laws of physics explain why these survival rates vary. All falling bodies, regardless or their masses, accelerate by 22 miles per hour per second of their falls. The falling object, after traveling a certain distance through the air reaches a final speed, or "terminal velocity," because the object’s friction with the air slows the fall. The smaller the object’s mass, and the greater its area, the more it will slow."



ONLY WAY AVOID THE TERMINAL VELOCITY (busting account/margin call) = STOP LOSS !


IF our signal gives us a better winning rate then 1 on 2 > 50 percent

IF our winning is higher then our losing amount ie stop loss > 1/1

= we can stay in the market for a long time ( not sure you will become rich ...)


LEARN FROM OUR MISTAKES !

hello pickers

hope all is ok for you

pls forgive me if , from time to time , i am slow or i disapear from thread.....(due to health problems .............)

anyway i am tryng to be up to your request

second part of your request

Attached Image

the only way avoid the margin call


STOP LOSS & TAKE PROFIT

 

1. STOP LOSS:

the pattern , trend line we are drawing are based on 3 OB .

the last one actual fresh

2 previous OB ; one with HH , one with LL compared to actual OB

logically this should look like, have the shape of a triangle ....?

SELL ( opposite for buy)

stop should be at the top the HH of that triangle

but

i see 2 issues here

some times its to far or to close to the traded price i think....

maybe we sould add a filter when to far & a buffer when to close...

filter buffer = stop must be at least x pips > traded price & at max < y pips of traded price

if inside that range use the HH of the pattern

start to be complex to code maybe .....

************ need to test more this scenario

**/Other solution use the FIBO projection we will use for thake profit

we add a level on the other side - 0.35 for example = stop loss

the goog point of this system is that the stop will match the T/P elasticity related to the shape of the triangle made with OB .

as we draw fibo from same points & maybe easyer to code ????

but we have the same issue whne the pattern is very very big ????

the stop cannot be so far ?????

sorry its not so clear ; the only thng technical i think is use fibo projection for both stop & profit ! so we match elasticity of the tiangle ....

 

1. TAKE PROFIT

really think its good to trade 2 amounts

one with a short T/p = first wave of the impulse ; this if done will reduce the stats of stop $ amount improve the all return of the trading activity

one long t/p relatively far away

all is based on out fibo projection

how do we draw fibo & what are the specific levels for T/P 1 & 2

same idea as for stop

triangle made by 3 OB bars

sell fibo ref points are HH & LL of that traingle

buy fibo points are LL & HH of that patten

T/P levels

first (short) = 2.86 ( maybe gd to make thos imputable or easy to find modify in the code)

second long = 5.71

think we will have the issue of the orphan trades when t/p are very far due to shape of traingle ; maybe we should think about that or a behavior ....in this case

T H A N K S

Y€$ you can become a GOLD member of this thread ....


filter = post something

Hi,

How about a little video about ur strategy. Finding it still confused...

Best regards

I use high and low levels of the price bars to determine the possible market direction and am sure all are aware of the basic pattern involved in the bearish and bullish market sentiment which can be used to trade.

Think we need to redefine what is Support and Resistance line, as "S>R" or "R>S" are making some very confused on the applications.

For the image on post 203, i see it as R>S ( "=" formation whereby the top is resistance and the bottom is support).

From the post 205, so what you are saying is in order for a sell trigger to exist:

1) a low must be above the top trendline of a "=" formation.
2) top trendline power must be lower than that of the bottom trendline.
3) price passes thru both to trigger sell.

Is this correct?

so sorry i learned English " in the street "


let's try again




look at this drawing

Part A

is 3 ob to draw trend lines & normal Support < Resistance line

IF IF IF NO NEW OB no re drawing as it change a lot ....

THEN

PART B can happen

this is valid pattern for a sell

1. Support line is > Resistance line
2. One bar LOW > Resistance line
3. POWER of lines
   1. IF POWER OF S < POWER OF R = SIGNAL ON BREAK OF Support line is ok VALID
   2. IF power of S > power of R = SIGNAL on break of Resistance line ( 2nd , both lines breaked) is ok VALID

the buy is like the opposite u can guess easy

now let's revist my post pics that where a bit messy maybe

pls have a look at

sell start is post 187

buy start is pot 191




then things can change so u cannot see the original pattern that give the good signal

new OB bar appears so system redraw


but u can see post 203 & post 195 is when position where closed


i come back latter sry bi fn end.

i didnt trade it

but it looks exactly like our pattern ??

what do you think guys .....

hello coders








can you consider helping




let's think about our bars & needed coding as now its a mess !!!!!


inside bar if ((H<=H1)&&(L>=L1)) { WHITE FULL

outside bar if ((L<L1)&&(H>H1)) { PURPLE FULL

outside bar not same color when its a new h or low of the day !!!!!!! = GOLD FULL

bearish bar if ((H<=H1)&&(L<=L1)) RED

bullish bar if ((L>=L1)&&(H>=H1)) {BLUE

One way down bar if ((O==H)&&(L<=C)) { RED FULL

One way up bar if ((O == L)&&(H>=C)) { BLUE FULL

 

1. LIVE BAR for last bar ie repaint during the time frame
2. alert for OB = t/f
3. alert for OB ONLY IF GOLD = t/f

here drawing of bars

thanks in advance for your kind help ....

YES THERE IS A PLATINIUM member its PICKERS




thanks again pickers you are transforming idea to action thanks to your creativity & compassion....

i didnt trade it agagagag

this mrg usd yen was > 98.20/40

now seems i see our pattern TOO LATE !

hello mrg frds


not trading yet , training to SEE the pattern

this one looks like one ? fresh from this mrg miss it ..

.

see i foolow the pattern

jump on the meat but 20/30 pips late ..............

prey for me pls





my brain say no because eur usd is up quiet a lot at the mom was not in as well

arrive to late

let' s see ...


AS U SEE THEPATTERN JUST DISAPEAR CHANGE because new OB !!!!!!!!!!!!!!!!!!!!!!!

stoped out ....