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Digamber Shankar PATIL's DSP Candle Strategy

  • #41
  • Nov 28, 2013 11:35pm Nov 28, 2013 11:35pm
Lets start with AUDUSD.. live chart...

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  • #42
  • Nov 28, 2013 11:36pm Nov 28, 2013 11:36pm
and another

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  • #43
  • Nov 28, 2013 11:47pm Nov 28, 2013 11:47pm
This is a very interesting method password.

It reminds me of wide range bar trading. But basically this method only has you place trades when the WRB fails to hold the market.

Very nice. I am amazed that so many are confused by this concept...

Cheers and thanks for sharing!

~fighter
  • #44
  • Nov 28, 2013 11:58pm Nov 28, 2013 11:58pm
For any who are still scratching their heads on how to trade this method....

Here is a current chart of EURUSD 15 min with only 96 bars(24 hours worth of PA) on the chart. There is a DSP(wide range bar) candle in play at the moment and in order to trade this we would need a close BELOW the open of this bar(the red line in chart) before going SHORT.

Please see chart below.

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  • #45
  • Nov 28, 2013 11:59pm Nov 28, 2013 11:59pm
Quoting fighterdude
This is a very interesting method password. It reminds me of wide range bar trading. But basically this method only has you place trades when the WRB fails to hold the market. Very nice. I am amazed that so many are confused by this concept... Cheers and thanks for sharing! ~fighter
Thanks for encouragement .
  • #46
  • Nov 29, 2013 12:01am Nov 29, 2013 12:01am
Well above both trade served the purpose... made $100+ in each trade..

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  • #47
  • Nov 29, 2013 1:06am Nov 29, 2013 1:06am
Just trying out the method, so I took a short on GBPAUD at the 7:00 GMT close. STOP LOSS above the DSP candle's close. Profit target is set @ 1-1(this is my own idea and is NOT from the original method).

We will see what happens.

Attached Image (click to enlarge)
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  • #48
  • Nov 29, 2013 2:06am Nov 29, 2013 2:06am
Out for +10 on demo.
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Pivot Boss in the making~
  • #49
  • Nov 29, 2013 2:18am Nov 29, 2013 2:18am
usdcad

looking for BUY
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  • #50
  • Nov 29, 2013 2:20am Nov 29, 2013 2:20am
Quoting kepo38
usdcad looking for BUY {image}

Something wrong with your candle length indicator.
  • #51
  • Nov 29, 2013 2:25am Nov 29, 2013 2:25am
Quoting kepo38
usdcad looking for BUY {image}
need to refresh the indicator or set the refresh setting to 0.
  • #52
  • Nov 29, 2013 2:26am Nov 29, 2013 2:26am
Quoting fighterdude
{quote} need to refresh the indicator.
yes, thank you
  • #53
  • Nov 29, 2013 2:26am Nov 29, 2013 2:26am
need 3 minutes

waiting for usdcad
  • #54
  • Nov 29, 2013 2:31am Nov 29, 2013 2:31am
Profit target hit!

+2%

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Click to Enlarge Name: gbpaudm15.png Size: 71 KB
  • #55
  • Nov 29, 2013 2:33am Nov 29, 2013 2:33am
Hi Eurusd buy? Im right?
  • #56
  • Nov 29, 2013 2:34am Nov 29, 2013 2:34am
Quoting fighterdude
Profit target hit! +2% {image}
super
  • #57
  • Nov 29, 2013 2:34am Nov 29, 2013 2:34am
Stalking a NZDUSD Long... Would prefer price to retest the DSP Open lvl, so I have a pending long at 0.8118.

Lets wait and watch...

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15.png Size: 74 KB
  • #58
  • Nov 29, 2013 2:36am Nov 29, 2013 2:36am
Quoting kepo38
usdcad looking for BUY {image}
I doubt.. look at zero line.. bulls n bear are equal.. may get false signal
  • #59
  • Nov 29, 2013 2:38am Nov 29, 2013 2:38am
Missed one on GBPUSD... oh well... can't catch 'em all... Maybe we will get a retest of the open lvl before going down further... would want trend continuation information in that event before entering however...

Attached Image (click to enlarge)
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  • #60
  • Nov 29, 2013 2:39am Nov 29, 2013 2:39am
Quoting fighterdude
Missed one on GBPUSD... oh well... can't catch 'em all... Maybe we will get a retest of the open lvl before going down further... would want trend continuation information in that event before entering however... {image}
Yaa friend.. me too missed this one.
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