just a question does the candles repaint? i just wanna know if i can back test it or no?
I have closed the first position of this system . 
in Chart Note 1 : Price been rejected at the Resistance line ( blue Line ).
in Chart Note 2 : Price rejected again in resistance but the next candle was a yellow (GG-RSI-CCI ) and was also a price rejection so I waited for the next candle to decide my decision and well it resulted a profitable trade of 9.5pips for the trade .
Traders " if you trade just the indicators then try a EA . but if you trade with your own sense then will gain profit "
we have a Dynamic Resistance and support line which will always help us to target our risk management ( key element for forex trading )
I am sharing this as I am also a victim of trading with indicators blindly .
in Chart Note 1 : Price been rejected at the Resistance line ( blue Line ).
in Chart Note 2 : Price rejected again in resistance but the next candle was a yellow (GG-RSI-CCI ) and was also a price rejection so I waited for the next candle to decide my decision and well it resulted a profitable trade of 9.5pips for the trade .
Traders " if you trade just the indicators then try a EA . but if you trade with your own sense then will gain profit "
we have a Dynamic Resistance and support line which will always help us to target our risk management ( key element for forex trading )
I am sharing this as I am also a victim of trading with indicators blindly .
Mastering the Pair
OK traders . I will conclude the trade for the day as today US is in Holiday . I feel its better to avoid some trades( low volatility for the session )
we had 3 trades today all 3 are successful. the last trade is still live but i closed it as I am not available to monitor the trade. traders who have open the position can shift their STOPLOSS to the previous resistance (blue line ).
we had 3 trades today all 3 are successful. the last trade is still live but i closed it as I am not available to monitor the trade. traders who have open the position can shift their STOPLOSS to the previous resistance (blue line ).
Mastering the Pair
{quote} Sorry about the spread issue . My broker gives me 3-2 pip spread so it worked for me as I showed you the traded statement . Well I will be updating the system tomorrow with a filter to stay in the trade .
Simplicity is the key to brilliance.
I have attached the new filter actually a new system for 30Min and will be trading the trend only. this is because since traders are been losing money for the large spread.
Again since this system uses the blue line as Support/Resistance . " PRICE ABOVE BLUE LINE IS BUY AND VICE VERSA "
please be aware that signal has to generate above the blue line or below the blue line .
if the sell signal generate above the blue line . I consider that signal as a weak trade as that can lead to a support bounce trade. if you want to still trade that trade then open the posistion after a breakout with stoploss 5-10 pips in distance with the S/R Line. adn target for 2:1 or
2.5:1 ratio profit target .
Hope traders might understand what I mean .
Again since this system uses the blue line as Support/Resistance . " PRICE ABOVE BLUE LINE IS BUY AND VICE VERSA "
please be aware that signal has to generate above the blue line or below the blue line .
if the sell signal generate above the blue line . I consider that signal as a weak trade as that can lead to a support bounce trade. if you want to still trade that trade then open the posistion after a breakout with stoploss 5-10 pips in distance with the S/R Line. adn target for 2:1 or
2.5:1 ratio profit target .
Hope traders might understand what I mean .
Mastering the Pair
- #40
- Jan 21, 2015 12:49pm Jan 21, 2015 12:49pm
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Thanks for sharing Janfx, this made me dust up my old Ichimoku system and fit it into M1 and I'm liking what I'm seeing so far, it's even trading on more than just AUD.
Let it turn and find your entry.