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Follow the monthly candle and be profitable

  • #1,421
  • Mar 1, 2015 9:58pm Mar 1, 2015 9:58pm
@Robinho,

I'm sorry I didn't find this thread sooner; thanks for sharing your system!

Just a thought that may give increased win rates that could be repeated every week but based on a monthly candle since it seems to have a better probability of success than other time frames:

What if we were to create a monthly candle at the end of each week - so it would be formed from data from the previous 4 weeks? As a example, if we wanted to trade the monthly candle next Monday the 9th, we would go back to February 9th and create a candle which includes all data from February 9th to March 9th, then trade exactly as you have outlined based on that candle. No idea if it would work the same way as the calendar monthly candle but I kind of suspect it would. To make this easy, we would simply need an offline chart indicator or EA that would make the a chart for us based on the 4 week period of our choice and show the resulting up or down candle. I'm sure this would be a simple task for many of the great coders on FF......... Just a thought, what do you think?
  • #1,422
  • Mar 2, 2015 1:06am Mar 2, 2015 1:06am
Quoting Telac
@Robinho, I'm sorry I didn't find this thread sooner; thanks for sharing your system! Just a thought that may give increased win rates that could be repeated every week but based on a monthly candle since it seems to have a better probability of success than other time frames: What if we were to create a monthly candle at the end of each week - so it would be formed from data from the previous 4 weeks? As a example, if we wanted to trade the monthly candle next Monday the 9th, we would go back to February 9th and create a candle which includes all...
Friend ... so we have 03 methods ... few understood it.

Today is the first day of the month, so we have to do only the monthly inflows, why? The other methods we operate in the month of travel.

When you close the 1st week we will have the weekly day sailing 02/03 to 06/03, and then we can enter the weekly system, as we will have the weekly candle formed. (We need not do anything mensal..pois sailing weekly sailing 02/03 to 06/03 ... is the candle that period.

And as of today, we can go picking up di'rias entries after pullbacks in the market, so the method D1 = W1 = MN. Prices follow a trend, but there are days when there is decline, then wait the candle D1 retract and went to because she is according to W1 and MN. When the D1 other retracts candle, makes the weekly candle changes color, then we no longer entered in this pair, since W1 is different from MN. The idea of ​​this system is, but few understand and are changing "DOING". which has a logic.
  • #1,423
  • Mar 2, 2015 2:21am Mar 2, 2015 2:21am
Quoting Robinho
{quote} Friend ... so we have 03 methods ... few understood it. Today is the first day of the month, so we have to do only the monthly inflows, why? The other methods we operate in the month of travel. When you close the 1st week we will have the weekly day sailing 02/03 to 06/03, and then we can enter the weekly system, as we will have the weekly candle formed. (We need not do anything mensal..pois sailing weekly sailing 02/03 to 06/03 ... is the candle that period. And as of today, we can go picking up di'rias entries after pullbacks in the market,...
Absolutely understand your 3 methods, I was just suggesting that there may be another way to approach the monthly method more often if it produces a more consistent return. I'll just have to give it a try to see....

Thanks again for the methodology, it is truly excellent!
  • #1,424
  • Edited 3:21am Mar 2, 2015 3:03am | Edited 3:21am
Quoting Telac
{quote} Absolutely understand your 3 methods, I was just suggesting that there may be another way to approach the monthly method more often if it produces a more consistent return. I'll just have to give it a try to see.... Thanks again for the methodology, it is truly excellent!
Friend when you close the week:
02/03 to 06/03 ... 1 piece of the month
09/03 to 13/03 ... 2nd piece of the month
16/03 to 20/03 ... 3rd piece of the month
23/03 to 27/03 ... 4 piece of the month

When we do the weekly entries,,, only looking at the weekly candles closed earlier, is due to this. During the month the monthly candle may be changing direction and we are being told in the closure of some different weekly candle monthly.

So on this day 02/03, we have to make only the monthly entry ... and if possible with D1 = W1 = MN with 60 pips of Tp and 100 pips STOP.


Next week we begin to do the weekly entries 20 pips TP and 80 pips Stop. And during the month we doing inputs D1 = W1 = MN with 10 pips of Tp and 100 pips stop ... or the way they see fit.

In this way we will always be working in favor of the trend.
  • #1,425
  • Mar 2, 2015 5:43am Mar 2, 2015 5:43am
Robinho may i ask which ECN Broker do you use?

Thanks
  • #1,426
  • Mar 3, 2015 4:33am Mar 3, 2015 4:33am
Monthly Scorecard

Gbp/Cad just closed at s/l.

0 wins...1 loss
  • #1,427
  • Mar 3, 2015 6:05am Mar 3, 2015 6:05am
Quoting spyderman
Monthly Scorecard Gbp/Cad just closed at s/l. 0 wins...1 loss

Which method you used for your entry?
  • #1,428
  • Mar 3, 2015 9:12am Mar 3, 2015 9:12am
Quoting Ab4x
{quote} Which method you used for your entry?
Hey it is difficult anyway ... I gave a lot of examples in the post 1406 for all entenderen,,, still said, "How is the 1st entry of the month, if you can make the monthly entry with D1 = W1 = MN is much higher the probability ... in the post 1418 gave more possibilities 03,,, and you enter the pair GBPCAD? See how closed the weekly candle ... it says what? Multiple entries in the post in 1406 and 1418.

I do not speak any more here ... no use talking ... the problem here is that they are stubborn ... not language problem is indiciplina ... look candles and anything else ... are looking at the sky search of Superman.
  • #1,429
  • Mar 3, 2015 11:54am Mar 3, 2015 11:54am
Hi Robinho, a week ago i put my hands on the strategy that you posted and just the idea "follow the monthly candle" has generated interest in me, immediately i set to work, analyzing eurusd from 2010 until now simply following MN candle tp60 sl100 i have positive results. At the beginning of this month i put some orders and today i profit usd/cad in short(you too i guess)for me is the second transaction in profit and five more operations are open.
I want to say that the fastest car in the wrong hands comes last, please do not stop writing, forget the blind people and their pessimism to discuss with those who are able to understand and exploit your ideas, like in forex forget messages that will only take losses and use your precious time to get profit .
I take this opportunity to say thank you for sharing this method
  • #1,430
  • Mar 3, 2015 1:13pm Mar 3, 2015 1:13pm
Quoting RoneyFX
Hi Robinho, a week ago i put my hands on the strategy that you posted and just the idea "follow the monthly candle" has generated interest in me, immediately i set to work, analyzing eurusd from 2010 until now simply following MN candle tp60 sl100 i have positive results. At the beginning of this month i put some orders and today i profit usd/cad in short(you too i guess)for me is the second transaction in profit and five more operations are open. I want to say that the fastest car in the wrong hands comes last, please do not stop writing, forget...
I'm not here to be getting rave reviews, but they are welcome ... Thank you !!!

I can not understand after so many explanations and especially images, people still have doubts.

The big problem is that we are in the same place all the time ... always answering the same things ... I like both of Forex, but this group discourages me ... discourages ... we could be discussing other alternatives could be ... making a planning in the medium and long term for everyone. There we left the place ... the worst, no one shows results ... the truth is that I did not need to be here ... might be silent, and touching my life and waiting for my real account. I think I'm helping, but I only have myself bored with it all.

Much peace for all of us.
  • #1,431
  • Mar 3, 2015 1:16pm Mar 3, 2015 1:16pm
Quoting Robinho
{quote} Hey it is difficult anyway ... I gave a lot of examples in the post 1406 for all entenderen,,, still said, "How is the 1st entry of the month, if you can make the monthly entry with D1 = W1 = MN is much higher the probability ... in the post 1418 gave more possibilities 03,,, and you enter the pair GBPCAD? See how closed the weekly candle ... it says what? Multiple entries in the post in 1406 and 1418. I do not speak any more here ... no use talking ... the problem here is that they are stubborn ... not language problem is indiciplina ......

That 's why i asked which method he used because the MN-W-D did not give a set up on the GBPCAD


Attached Image
  • #1,432
  • Mar 3, 2015 1:34pm Mar 3, 2015 1:34pm
Anyone looking at chat in this group, you will find either all are crazy.
From now on I will only talk to the people lucid. For asked to explain and only last week I explained several times ... a friend explained with image in post 1407,,, explanations and several posts with image 1374,1381,1401,1406 ... in a little while we will be in the post 10,000 and saying the same thing ... Here in Brazil we have a saying "Who did not understand, or is crazy or is fag. But it can be crazy and fagot together.
  • #1,433
  • Mar 3, 2015 2:03pm Mar 3, 2015 2:03pm
Potential set ups for 4/3


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  • #1,434
  • Mar 3, 2015 2:52pm Mar 3, 2015 2:52pm
Quoting Ab4x
Potential set ups for 4/3 {image}
This was a great chart and it makes it plain to see how you are doing it.

Thanks
  • #1,435
  • Mar 3, 2015 3:02pm Mar 3, 2015 3:02pm
Quoting Ab4x
{quote} Which method you used for your entry?

I was under the impression there were 3 methods.
First just going with the monthly on the first day of the month. 20 pips from market open with a 60 pip s/l and 100 pip t/p.
That was what I was concentrating on. Apparently I was mistaken and there needs to be more filtering of these monthly pendings.
Robinho...I certainly wasn't complaining about anything. I'll just sit here quiet.
  • #1,436
  • Mar 3, 2015 3:18pm Mar 3, 2015 3:18pm
i dont like 100/10
but i will try it
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  • #1,437
  • Mar 3, 2015 3:30pm Mar 3, 2015 3:30pm
Quoting rps1027
{quote} This was a great chart and it makes it plain to see how you are doing it. Thanks

Yw rps,

Glad you like it.
  • #1,438
  • Mar 3, 2015 3:46pm Mar 3, 2015 3:46pm
Bravo ... well ... that's what you have to do, and nothing else.

Congratulations Ab4x ... congratulations RPS 1027 ... congratulations ... spyderman dimdel congratulations.
  • #1,439
  • Mar 3, 2015 5:36pm Mar 3, 2015 5:36pm
Quoting dimdel
i dont like 100/10 but i will try it {image}
Most of its entries have closed in profit

Like is not important ... what is important is to be efficient.
Like is not important ... what is important is to be efficient.

From last week to this day ... how many entries led stop? you following the method correctly,,, will gain as many pips, when you take a stop, will not even notice
  • #1,440
  • Mar 3, 2015 9:40pm Mar 3, 2015 9:40pm
closed orders

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still open orders
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