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Follow the monthly candle and be profitable

  • #1,181
  • Feb 23, 2015 6:11pm Feb 23, 2015 6:11pm
looks decent so far...going to start testing this week.

thanks robinho
  • #1,182
  • Feb 23, 2015 10:23pm Feb 23, 2015 10:23pm
Rough start to the week for me. 6 wins 4 losses for -80 pips total. I'm pretty sure all my entries are correct, but this is using 20 pips TP, 50 pips SL.... Using 10 pip TP, 30 SL instead would have yielded 8 wins 2 losses for +20 pips. Obviously 10 trades is nowhere near a big enough sample size to make a determination. But something to think about.
  • #1,183
  • Feb 23, 2015 11:19pm Feb 23, 2015 11:19pm
Quoting Nico1359
Rough start to the week for me. 6 wins 4 losses for -80 pips total. I'm pretty sure all my entries are correct, but this is using 20 pips TP, 50 pips SL.... Using 10 pip TP, 30 SL instead would have yielded 8 wins 2 losses for +20 pips. Obviously 10 trades is nowhere near a big enough sample size to make a determination. But something to think about.
Hey Nico, the big question is after doing your analysis and found the potential pair how do you enter, do you have an entry strategy or you just enter the daily candle at the opening of the market period. Learn to zoom in to lower time frames and enter in the direction you initially analysed, it works you can enter 1 pair 3 or more times in that same direction. Hope that helps. Never use a daily time frame to enter the market it does not make sense but find market direction using longer time frame that is day and up.
  • #1,184
  • Feb 24, 2015 12:35am Feb 24, 2015 12:35am
Quoting zamile
{quote} Hey Nico, the big question is after doing your analysis and found the potential pair how do you enter, do you have an entry strategy or you just enter the daily candle at the opening of the market period. Learn to zoom in to lower time frames and enter in the direction you initially analysed, it works you can enter 1 pair 3 or more times in that same direction. Hope that helps. Never use a daily time frame to enter the market it does not make sense but find market direction using longer time frame that is day and up.
HI Zamile,

i agree with you. after got the M = W = D convergence, go to H1 or even M15 to enter, and see for stoch Overbought or Oversell. or not look at all. just enter at the price.

I think because we follow the Larger TF trend , the entry price doesn't matter anymore.

Thanks
Look for it and you will find it
  • #1,185
  • Feb 24, 2015 1:14am Feb 24, 2015 1:14am
Quoting braveh4rt
{quote} HI Zamile, i agree with you. after got the M = W = D convergence, go to H1 or even M15 to enter, and see for stoch Overbought or Oversell. or not look at all. just enter at the price. I think because we follow the Larger TF trend , the entry price doesn't matter anymore. Thanks
It does matter braveh4rt, We are human beings with different expression of emotions which happens to be a very crucial obstacle in trading, Just entering a daily candle is like entering the market with your eyes close. Daily candle can retrace for more than 100pips before moving in the desired direction. Have a look at times Rob enters his trades. When one entry takes you more than 2 hours to close 5-10 pips, start asking yourself what you need to do to improve your trading style. I wish this thread could be improved by sharing opinions and optimise this strategy for better and quick results. I wish we could all work together and be patient with one another, That is my dream.
  • #1,186
  • Feb 24, 2015 1:39am Feb 24, 2015 1:39am
This is my proposal to all fellow traders that are following this strategy, What do you think we all share here potential setups when we see them, that will give all of us an opportunity to comment either confirming or alerting one another of false entries. This is how I hoped this thread would be. Reason for my proposal is we are all looking, but it is possible to miss a pair and someone else spot it and share, also share the perfect entry.
  • #1,187
  • Feb 24, 2015 1:51am Feb 24, 2015 1:51am
Zamie,

I agree the price wont move to the TP, but move away maybe -100 pips away from our open price.

Thats why SL needed right. I see if we aim for open at the right time, it will hit TP in just under 1 hours. but its hard to get the best timing.

Except add more indicator like stoch maybe. i now test with see the 1 H TF for enteries, the TF candle should also the same direction with higher TF.

but still get down first from the open price. the SL i set is -100.

And i agree, lets share some setup if you have also.

so others will understand the strategy.

cheers.
Look for it and you will find it
  • #1,188
  • Feb 24, 2015 2:01am Feb 24, 2015 2:01am
i think is better to trade without other indicator my friends
as simple as easier
  • #1,189
  • Feb 24, 2015 2:09am Feb 24, 2015 2:09am
Quoting Robinho
{quote} Think ... and look at the chart ... put the chart in H1 and look of the candles: 09:00 (previous Sailing to London), 10:00 (1st London time sailing) and 11:00 (2nd London time) 14:00 (previous candle NY), 15:00 (Candle 1st time NY) and 16:00 (2nd hour of NY) See the results of my trading post in 1148 Working with only 04 pairs as I am doing, to gain 05 pips, and the easiest thing in the world. Go see a friend and talk, "but your account is DEMO". I have a Brazilian friend who is not losing any real account. NOTE: we need not follow D1 =...
Hi to all specially to ROBINHO...

Chance of trade:

Attached Image (click to enlarge)
Click to Enlarge Name: london open.JPG Size: 43 KB


post will be edit to show results

;o)
ReAl MoDe: ON
  • #1,190
  • Feb 24, 2015 2:26am Feb 24, 2015 2:26am
Hi Robinho,

May i ask you what you did on the EURUSD yesterday 23-2 at NY opening?

I have attached a screenshot, can you please reply?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_23-2.png Size: 56 KB
  • #1,191
  • Feb 24, 2015 2:33am Feb 24, 2015 2:33am
Here my setup just now after LO :

i use H1 TF for enter, as i get the 2nd red candle , i open sell with market price. See Enter LO , last red bar.

SL : -100pip , TP : +27

Attached Image (click to enlarge)
Click to Enlarge Name: eusell.png Size: 15 KB


any input accepted.

Thanks
Look for it and you will find it
  • #1,192
  • Feb 24, 2015 2:42am Feb 24, 2015 2:42am
Quote
Here my setup just now after LO :
i use H1 TF for enter, as i get the 2nd red candle , i open sell with market price. See Enter LO , last red bar.
SL : -100pip , TP : +27

I just followed the D1=WK=MN sequence without thinking and for the EURUSD it was a winner ( 10 pips) and the EURGBP that i took is still running.
  • #1,193
  • Feb 24, 2015 2:49am Feb 24, 2015 2:49am
Quoting braveh4rt
Here my setup just now after LO : i use H1 TF for enter, as i get the 2nd red candle , i open sell with market price. See Enter LO , last red bar. SL : -100pip , TP : +27 {image} any input accepted. Thanks
I am liking the reviews ... so we have to work ... ALL TOGETHER ... great zamile

h4rt brave ... you are in the right thinking ... soon I'll spend tools to improve it ...

Any tips were given in post 1175, 1177 and 1178

Let it go
  • #1,194
  • Feb 24, 2015 3:37am Feb 24, 2015 3:37am
You see,,, who made the entry in EURUSD would have won ... those who want more pips, could be just waiting to make more pips. Notice that at no time the price was above the opening price.
  • #1,195
  • Feb 24, 2015 3:41am Feb 24, 2015 3:41am
First trades London open.
All winners, but feels like luck because i don't understand a few things.

Robinho, can you repsond to my previous questions? post 1190.

And when do you decide NOT to trade?


Attached Image (click to enlarge)
Click to Enlarge Name: London_open_24-2.png Size: 29 KB
  • #1,196
  • Feb 24, 2015 3:48am Feb 24, 2015 3:48am
Quoting Robinho
{quote} I am liking the reviews ... so we have to work ... ALL TOGETHER ... great zamile h4rt brave ... you are in the right thinking ... soon I'll spend tools to improve it ... Any tips were given in post 1175, 1177 and 1178 Let it go

Great spirit guys, that is the way around forex, Vincentis good trade.
  • #1,197
  • Feb 24, 2015 3:52am Feb 24, 2015 3:52am
Quoting Funk65
First trades London open. All winners, but feels like luck because i don't understand a few things. Robinho, can you repsond to my previous questions? post 1190. And when do you decide NOT to trade? {image}
Congratulations !! that's how it works ....

I only enter 02 at a time ... when I try to close a another ... only 04 .... US peers, GU, EJ and GJ.

I can not see your questions because I think they are on the chart.

I have a setup that put some indicators that facilitate my view, only help to view and nothing else ... At the time of select have a power indicator to separate, which pair going into, but you are to be congratulated.

Watch out for news ... I avoid working closely news here 05 minutes we have a lot.
  • #1,198
  • Feb 24, 2015 3:56am Feb 24, 2015 3:56am
Quote
I can not see your questions because I think they are on the chart

Robinho, on the chart i just pointed out wat where the NY pre- open and after opening candle's where.
My question is: Did you enter a trade on EURUSD at, or around, NY opening yesterday? and what did you do exactly?
  • #1,199
  • Feb 24, 2015 3:59am Feb 24, 2015 3:59am
Quoting Funk65
{quote} Robinho, on the chart i just pointed out wat where the NY pre- open and after opening candle's where. My question is: Did you enter a trade on EURUSD at, or around, NY opening yesterday? and what did you do exactly?
Friend D1 = W1 = Mn is one thing ... make the incoming 00:00

Entries London Ny

from opening 10:00 and 15:00

send me your email in box that'll get you a material,,, you already understood
  • #1,200
  • Feb 24, 2015 4:16am Feb 24, 2015 4:16am
Quote
send me your email in box that'll get you a material,,, you already understood

I have send you a personal message
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