Follow the monthly candle and be profitable

Quoting Giannigr

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{quote} First of all you trade wrong, you should go short after the first D1 candle closed and not the second candle

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Quoting Ab4x

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{quote} The method is very successful because of the small TP 10-20 pips and if you try to go for a higher TP it's gonna get complicated and take more time which means more stress . Concerning your entry on the AUDJPY sorry to say that it was not correct if you go back few posts you will find a chart with the correct entry which should be on the second daily candle and i focused on that post and hoped that everyone who is interested in this method would read that post and understand so we won't have more questions about the entry. {image}

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Quoting Nico1359

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{quote} This trade was made on Thursday, the picture wasn't taken untill Saturday... so yes, I did go short on the 1st D1 candle. Look at the first pic I attached. That last bullish candle was not there as it hadn't occurred yet. The bearish spinning top candle had just closed at the time of the trade. {quote} I agree that trading after the close of the third candle from the right would be better, but if the method is to sync up the closing direction of Mth>Wk>D, and Mth and Wk are both red, can't you technically trade after the close of any red...

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Quoting Ab4x

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{quote} The method is very successful because of the small TP 10-20 pips and if you try to go for a higher TP it's gonna get complicated and take more time which means more stress . Concerning your entry on the AUDJPY sorry to say that it was not correct if you go back few posts you will find a chart with the correct entry which should be on the second daily candle and i focused on that post and hoped that everyone who is interested in this method would read that post and understand so we won't have more questions about the entry. {image}

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Quoting braveh4rt

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So for this week, we have some candidates ? i observe this : {image} AU red AJ red EG red UG red GC red at least MN = W and wait for D red convergence.

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Quoting Nico1359

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I agree that trading after the close of the third candle from the right would be better, but if the method is to sync up the closing direction of Mth>Wk>D, and Mth and Wk are both red, can't you technically trade after the close of any red daily candle?

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Quoting Robinho

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{quote} A demonstration of how we should work during the year. I put 10 pips Tp, for I see that most couples are coming to a standstill. But is this rule that we must follow the market. For those just starting Forex trading is a very easy way of operating, not having to follow, and not be looking at a lot of indicators, just look for the 1st alignment of D1 candles, W1 and MN and enter the opening of the 2nd candle. PDF {image}

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Quoting Ab4x

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{quote} No, we follow the rules that Rob has set because he spent a long time testing and trading this system successfully.

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Quoting Nico1359

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{quote} I've read most of Robinho's posts in this thread, but it's possible I may have misunderstood because of the language barrier. If some one could look at this trade I took last week... Is this a correct entry? I entered at the opening of the candle above the yellow arrow. The 2nd Monthly candle green, the 2nd weekly candle green, and the 2nd daily candle green.... is this the right thinking? {image}

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Quoting braveh4rt

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So for this week, we have some candidates ? i observe this : {image} AU red AJ red EG red UG red GC red at least MN = W and wait for D red convergence.

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Quoting Nico1359

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{quote} I've read most of Robinho's posts in this thread, but it's possible I may have misunderstood because of the language barrier. If some one could look at this trade I took last week... Is this a correct entry? I entered at the opening of the candle above the yellow arrow. The 2nd Monthly candle green, the 2nd weekly candle green, and the 2nd daily candle green.... is this the right thinking? {image}

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Quoting Nico1359

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{quote} I've read most of Robinho's posts in this thread, but it's possible I may have misunderstood because of the language barrier. If some one could look at this trade I took last week... Is this a correct entry? I entered at the opening of the candle above the yellow arrow. The 2nd Monthly candle green, the 2nd weekly candle green, and the 2nd daily candle green.... is this the right thinking? {image}

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Quoting dimdel

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HI to all i take these signals are you agree? {image}

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Quoting dimdel

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HI to all i take these signals are you agree? {image}

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Quoting Nico1359

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{quote} I took all the same trades on my demo account... I agree with Robinho though, we have a huge amount of exposure short the CAD. It probably wouldn't be the best idea to take all of these on a real account, but hone in on the couple CAD-related pairs that look the best.

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Quoting Robinho

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{quote} I'm not talking about having all CAD pairs ... I'm saying that when we have several opportunities against the same coin, not go into them all. Is now being against the CAD, but tomorrow we have several opportunities against another currency, and is beneficial not to make all entries. As Post 1134 we have 06 pairs with CAD. All against the devaluation of CAD. But if the CAD value ... you lose the 06 entries? In a real account choose a maximum of 02 pairs with the same currency.

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