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Follow the monthly candle and be profitable

  • #1,241
  • Feb 24, 2015 5:56pm Feb 24, 2015 5:56pm
Quoting zamile
Good day fellow traders, I have recognised one barrier here which causes traders to keep coming back seeking clarity. Rob you have done great attempt, in fact great job with this thread, I hope I don't offend when I ask a fellow trader that is so clear with the strategy to try and assist by explaining in plain English the whole process of this strategy. Like Vincentis seem to be clear. Please help if you can. You tried Rob but you will keep having questions that will frustrate you because traders like me are trying to put the pieces of the strategy...
Braveh4rt friend, Congratulations !!! is to do this by 02/03 years ... then with a High,,, account is only manage and live life.

Zamile friend, is free to help.
System D1 = W1 = MN

I put the opener London and NY (post 1224 and 1225), I think they will not have doubts.
  • #1,242
  • Feb 24, 2015 6:03pm Feb 24, 2015 6:03pm
Quoting BlackStack
{quote} Stop with the sending money talk. Either you will get this thread closed or sent to the commercial section.
No... im not telling that he is selling his stuff.... IM telling that exist a lot of people that only think in himself and never help to other people that shares for free everything. But whatever... "Share, Learn and Help... then God will help you."
  • #1,243
  • Feb 24, 2015 6:05pm Feb 24, 2015 6:05pm
Quoting zamile
Good day fellow traders, I have recognised one barrier here which causes traders to keep coming back seeking clarity. Rob you have done great attempt, in fact great job with this thread, I hope I don't offend when I ask a fellow trader that is so clear with the strategy to try and assist by explaining in plain English the whole process of this strategy. Like Vincentis seem to be clear. Please help if you can. You tried Rob but you will keep having questions that will frustrate you because traders like me are trying to put the pieces of the strategy...
What system u want? i dont speak english very well but i can try to be very clear. Right now we have 2 system.

*For the Open Candle Day
*For opening london and NY seasons.

U have already all the indicators and templates.
  • #1,244
  • Feb 24, 2015 6:11pm Feb 24, 2015 6:11pm
Quoting Contrax
{quote} What system u want? i dont speak english very well but i can try to be very clear. Right now we have 2 system. *For the Open Candle Day *For opening london and NY seasons. U have already all the indicators and templates.
Yes ... opening day;;; D1 = W1 = MN ... (post 857)

Opening London and NY (post 1224 and 1225)
  • #1,245
  • Feb 24, 2015 6:40pm Feb 24, 2015 6:40pm
Quoting Robinho
{quote} Yes ... opening day;;; D1 = W1 = MN ... (post 857) Opening London and NY (post 1224 and 1225)
Well.. i have a simple system.

at opening day, see the M - W -D candle previously. is it red or blue ?

if red , we look for short.

if blue we look for long.

The entry is when market open, at 00:00 , or at jpy open, or London open, and NY Open, because the movement is there at its prime time.

for exact entries and price, can put pending order +20 pips for long or -20pips for short after previous candle in your entry TF setup.

for me , look for H1 TF, and if have previous candle is red, if red, then enter with your rule of TP / SL.

because we use Daily candle trade, it is better to open at open price at that time of the candle at gmt 00:00 when prev candle closed.

Robinho image explanation is clear enough. just dont complicate things.

cheers
Look for it and you will find it
  • #1,246
  • Feb 24, 2015 10:25pm Feb 24, 2015 10:25pm
Quoting okrim
Since few years almost all the brokers have one digit more, it means that the last number is a decimal of one pip, named pippette. Look that pairs like EURUSD have 5 digits, like 1.13340, but the pairs */jpy have 3 digits. In all the case, we don't consider the last digit. So the right answer is B, Mirko
Thanks okrim for your reply.
Yes, I was confused since my broker adds additional digit to the currency pairs...
All of my indies went crazy because the digits were hardcoded and didn't ready for that what so called as 'pippette', and I burnt my whole account because of that
OrderSend(Symbol(),OP_BUY,10,Ask,30,SL,TP,"",0,0,clrGreen);
  • #1,247
  • Feb 24, 2015 11:24pm Feb 24, 2015 11:24pm
Quoting Contrax
{quote} What system u want? i dont speak english very well but i can try to be very clear. Right now we have 2 system. *For the Open Candle Day *For opening london and NY seasons. U have already all the indicators and templates.
Interested in the step by step entry requirements for the opening London and NY
  • #1,248
  • Feb 25, 2015 1:17am Feb 25, 2015 1:17am
Hi everyone,

This was my entry of today: EURAUD short

We had a retraice candle (blue) on monday 23-02. After that (yesterday) price produced a bearish candle. Previous MN and previous WK candle where also bearisch so short was the way to go. We only trade the second candle after the retraicement candle!!
Entered last night: pending order 5 pips below price. TP 10 pips, SL 50 pips. Each of us must decide by himself how to put our SL and TP.

It is as simple as that, nothing more.
I hope it helps.

Attached Image (click to enlarge)
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  • #1,249
  • Feb 25, 2015 1:38am Feb 25, 2015 1:38am
Quoting zamile
{quote} Interested in the step by step entry requirements for the opening London and NY
Great idea!
  • #1,250
  • Feb 25, 2015 1:47am Feb 25, 2015 1:47am
goodmorning from greece

today i have only 3 signals
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  • #1,251
  • Feb 25, 2015 1:54am Feb 25, 2015 1:54am
Quoting dimdel
goodmorning from greece today i have only 3 signals {image}
Hello, Goodnight from Mexico (1:53am and ready to work). Remember for MN W1 D1 system its the candle of opening Sydney. You need to see a broker that the time of 00:00 its opening sydney season. Cheers my friend.
  • #1,252
  • Feb 25, 2015 1:57am Feb 25, 2015 1:57am
Quoting zamile
{quote} Interested in the step by step entry requirements for the opening London and NY
Look candles right now. 5min left for new candle in opening london season.... See the candles 1hr 15m and 5m. See the Opening price.

For example if GU: its above of opening dayly price and at the close of this candle right now close 1hr blue 15m blue and 5m blue. Buy TP 5pips SL 25-50. Robinson and me we are using 50pips stoploss.
  • #1,253
  • Feb 25, 2015 2:05am Feb 25, 2015 2:05am
I hope you understand.
Attached Image (click to enlarge)
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  • #1,254
  • Feb 25, 2015 2:09am Feb 25, 2015 2:09am
Quoting Contrax
{quote} Hello, Goodnight from Mexico (1:53am and ready to work). Remember for MN W1 D1 system its the candle of opening Sydney. You need to see a broker that the time of 00:00 its opening sydney season. Cheers my friend.
hi contrax

i have 2 brokers
XM markets + Peperstone
i have the same signals
so??
  • #1,255
  • Feb 25, 2015 2:12am Feb 25, 2015 2:12am
Quoting Contrax
I hope you understand. {image}
Contrax thank you my friend, Now it make sense, Do you use all the indicators?
  • #1,256
  • Feb 25, 2015 2:16am Feb 25, 2015 2:16am
Maybe I'm not reading this right - but Funk seems to be using the previous, already closed candles (D - W - M) and Contrax using the current candles (D - W - M)?

Mike
  • #1,257
  • Feb 25, 2015 2:17am Feb 25, 2015 2:17am
So are M15 and M05 filters ... 04 pairs of prices are down ... it's better to do nothing than to do bullshit.
The 04 pairs finished with blue candles H1 and above. But the M15 are closing red
  • #1,258
  • Feb 25, 2015 2:23am Feb 25, 2015 2:23am
This is for the Dayly Candle System...

Already we got 2 system: The Dayly Candle and the Opening London & NY season.

Please check time season in ForexFactory and verify that you broker its 00:00 at opening sydney season. If not, find a broker who use that server time for see the candles and do the entry in your broker.
Attached Image (click to enlarge)
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  • #1,259
  • Feb 25, 2015 2:24am Feb 25, 2015 2:24am
Quote
Maybe I'm not reading this right - but Funk seems to be using the previous, already closed candles (D - W - M) and Contrax using the current candles (D - W - M)?

Mike, I was talking about the D1=WK=MN strategie.

Contrax talks about the Londen and NY open strategie.

Two different things
  • #1,260
  • Feb 25, 2015 2:24am Feb 25, 2015 2:24am
Quoting MikeCo
Maybe I'm not reading this right - but Funk seems to be using the previous, already closed candles (D - W - M) and Contrax using the current candles (D - W - M)? Mike
where im using the current candles?
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