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Follow the monthly candle and be profitable

  • #1,461
  • Mar 5, 2015 10:20am Mar 5, 2015 10:20am
Quoting dimdel
{quote} hi funk ok if we look the price action then we put filter to the signals maybe you have correct but according the strategy we follow the signals even against the strategy of candles yes i had a very clear pin bar , ( reversal trend) but look the pic {image}
Hi Dimdel,

Also when you forget about the pincandle, to me it looks like a red (bearish) candle.
Both previous MN and WK are bullish (blue) so to me it makes no sence too place an order here. Besides that, if it was a blue candle then it was also not valid because it would be the 3rd candle. And as i remember the rule is that you only trade the 2nd candle.

The D1 candle of 03-03 was bullish, so the entry was yesterday, that is what i meant.

Attached Image (click to enlarge)
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  • #1,462
  • Mar 5, 2015 10:24am Mar 5, 2015 10:24am
Quoting Robinho
After they learned the system are mixing method. Long posted entries and put the resultados.Quando make an entry by some method, I do not use anything ... anything anyway, because they do not lose sentido.No see and support or resistance, I see Fibonacci and do not use no indicator. When we are testing a method we have to religiously follow it, because if you have interference from anything else, we have to change ... The method tired of talking about here ... it's just D1 = W1 = MN and nothing else ... But Robinho can not put something else? Answer:...
Robinho,

Looks to me that Dimdel made 3 invalid entries. Maybe you can say something if they were valid or not?
We could all learn from that.
  • #1,463
  • Mar 5, 2015 10:50am Mar 5, 2015 10:50am
Quoting Funk65
{quote} Hi Dimdel, Also when you forget about the pincandle, to me it looks like a red (bearish) candle. Both previous MN and WK are bullish (blue) so to me it makes no sence too place an order here. Besides that, if it was a blue candle then it was also not valid because it would be the 3rd candle. And as i remember the rule is that you only trade the 2nd candle. The D1 candle of 03-03 was bullish, so the entry was yesterday, that is what i meant. {image}

YES MY FRIEND FUNK

WAS INVALID

but Impatient got early the order at 23,30
so at 23,30 i had blue D1 ( but still formating candle)
so at 00,00 i SHOULD CLOSE TO LONG ORDER
  • #1,464
  • Mar 5, 2015 11:23am Mar 5, 2015 11:23am
Quoting dimdel
{quote} YES MY FRIEND FUNK WAS INVALID but Impatient got early the order at 23,30 so at 23,30 i had blue D1 ( but still formating candle) so at 00,00 i SHOULD CLOSE TO LONG ORDER
Ah, emotions, traders worst enemy
  • #1,465
  • Mar 5, 2015 1:57pm Mar 5, 2015 1:57pm
Quoting Funk65
{quote} Robinho, Looks to me that Dimdel made 3 invalid entries. Maybe you can say something if they were valid or not? We could all learn from that.

Funk65 everyone knows the rules ... D1 = W1 = MN, enter the second candle D1

NZDCAD

MN = blue
W1 = blue
D1 = blue closed on 03/03 correct input on 04/03.
The opening of the candle D1 of the day 04/03 was 0.9426 and high of 0.9518 ... would have won that day.

The candle of the day 04/03 rose, but then closed with a syrup denying go up ... only W1 and MN were blue, then on 05/03 was not to operate this pair.

EURNZD and GBPNZD

MN = red
W1 = red
D1 = red closed on 03/03 correct input on 04/03.

Sign 05/03 is to get wrong, because we are in 3rd candle. Look what happened today? the candle again. The best chance of winning is to enter the 2nd candle ... if I won $ 01 for every time I repeated so no need Forex trading, I would be rich.

Friends, I will not stay here taking adult account, I home to care, children to look after and care for life, I can not waste any more precious time here. Forex have to have patience, discipline and focus. All say they have, but this is not for everyone.

Go look for a woman to give kiss on the mouth ...
  • #1,466
  • Mar 6, 2015 2:35am Mar 6, 2015 2:35am
HI
today
eurusd sell win
gbpaud buy win
gbpjpy open negative ( i enter later , go 15 pip but my TP 10+spread+late entry= need 20 pip )
usdjpy open negative

london dont try
  • #1,467
  • Mar 6, 2015 3:09am Mar 6, 2015 3:09am
Quoting dimdel
HI today eurusd sell win gbpaud buy win gbpjpy open negative ( i enter later , go 15 pip but my TP 10+spread+late entry= need 20 pip ) usdjpy open negative london dont try
To me the EURUSD was not valid, it was the 4th candle.
The rest i took as well
  • #1,468
  • Mar 6, 2015 3:32am Mar 6, 2015 3:32am
Quoting funk65
{quote} to me the eurusd was not valid, it was the 4th candle. The rest i took as well
how you took usdjpy? Logn only 7 pip
  • #1,469
  • Mar 6, 2015 3:37am Mar 6, 2015 3:37am
Quoting dimdel
{quote} how you took usdjpy? Logn only 7 pip

Market order at yesterdays candle's close
  • #1,470
  • Mar 6, 2015 4:02am Mar 6, 2015 4:02am
Quoting Funk65
{quote} Market order at yesterdays candle's close

i miss something my friend
tell where i am wrong please
maybe i will correct my entrys
thanks

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  • #1,471
  • Mar 6, 2015 4:17am Mar 6, 2015 4:17am
Quoting dimdel
{quote} i miss something my friend tell where i am wrong please maybe i will correct my entrys thanks {image}
Dimdel, i only said i took the trade, not if it was a winner
  • #1,472
  • Mar 6, 2015 7:52am Mar 6, 2015 7:52am
MN,W1,D1 05/03

Eurusd +10
Eurjpy +10
Audusd +10
Eurgbp +10
  • #1,473
  • Mar 7, 2015 4:14am Mar 7, 2015 4:14am
For next week i want to try M/W/D(P60/L100), i trade 12 pairs only and analyzing all 3 candles have always the same color in all pairs!!
The pattern is:
EU - SHORT
GU - SHORT
NU - SHORT
UCA - LONG
UJ - LONG
UCH - LONG
EJ - SHORT
EA - SHORT
ECA - SHORT
CAJ - SHORT
CHJ - SHORT
I will open all trader for 5 days, if they dont close for sl / tp i will do it manually and share with you my results, preparing for next week. My goal is 100 Trades with this modded system, to make technical analysis of entry / exitand see how i can improve it
If anyone has recommendations and opinions I'll be happy to talk here, and if anyone is going to do other tests let us know, teamwork works
  • #1,474
  • Mar 7, 2015 4:27am Mar 7, 2015 4:27am
I ONLY HAVE 4 PAIRS TO TRADE

are you sure that we have the same strategy?

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  • #1,475
  • Mar 7, 2015 4:32am Mar 7, 2015 4:32am
but in other broker i have 8 pairs

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  • #1,476
  • Mar 7, 2015 5:07am Mar 7, 2015 5:07am
Quoting dimdel
I ONLY HAVE 4 PAIRS TO TRADE are you sure that we have the same strategy? {image}
I look at only the color of the last candle of the three timeframe to open the position, what else you've added to select your positions?
  • #1,477
  • Mar 7, 2015 5:10am Mar 7, 2015 5:10am
Quoting RoneyFX
{quote} I look at only the color of the last candle of the three timeframe to open the position, what else you've added to select your positions?

i use the same
but i add down 3 candles MN/W/D
  • #1,478
  • Mar 7, 2015 5:18am Mar 7, 2015 5:18am
Quoting RoneyFX
For next week i want to try M/W/D(P60/L100), i trade 12 pairs only and analyzing all 3 candles have always the same color in all pairs!! The pattern is: EU - SHORT GU - SHORT NU - SHORT UCA - LONG UJ - LONG UCH - LONG EJ - SHORT EA - SHORT ECA - SHORT CAJ - SHORT CHJ - SHORT I will open all trader for 5 days, if they dont close for sl / tp i will do it manually and share with you my results, preparing for next week. My goal is 100 Trades with this modded system, to make technical analysis of entry / exitand see how i can improve it If anyone has...
When I started this topic, was to show you what happens to the strength of the candles ... Look the EURUSD pair in the monthly candle ... we are in the 9th red candle ... following the previous candle you lose? maybe yes, putting a short stop with a completed TP ... but certainly with some ability not lose.

Really Roney Fx your entries are not in accordance with the rules D1 = W1 = MN

EURUSD goes to the 9th candle D1 (Check the 2nd candle)
GBPUSD blue previous MN
NZDUSD blue previous MN
USDCAD red previous MN, D1 goes to the 3rd candle (Check the 2nd candle)
USDJPY goes to the 3rd candle D1 (Check the 2nd candle)
USDCHF goes to the 8th candle D1 (Check the 2nd candle)
EURJPY blue previous MN (with syrup), but D1 goes to 5th candle (Check the 2nd candle)
EURCAD OK ... MN naterior red, red previous W1, D1 red closed. Check the 2nd candle ... OK
CADJPY blue previous MN
CHFJPY goes to the 6th candle D1 (in the 2nd candle)
Of the 10 pairs only 01 within the rules.

Of the 10 pairs, 04 pairs could have entered the 2nd candle and be winning so far, they are:

EURUSD 2nd candle was 27/02 opening price 1.1198, the price is now 1.0842 + 300 pips.

USDJPY 2nd candle was 06/03 opening price 120.13, the high reached 121.28 + 100 pips.

USDCHF 2nd candle was 27/02 opening price 0.9526, the price is now 0.9855 + 300 pips.

CHFJPY 2nd candle was 03/03 opening price 125.48, the price is now 122.44 ... 300 pips.

You see that with only 04 pairs that is in accordance with the system, those who knew manage your entries, could be 1000 pips just this week ... the day 27/02 to 06/03.

Wait opportunities ... this method is very easy ... try to understand the D1 = W1 = MN candles without staring at the indicator "recent cadles".

Just look 01 once a day, and make a profit ... wait candles come in convergence ... will have that day will have entries, so what? go to the cinema, washing the car, washing dishes ... to kiss on the mouth ... and wait D1 = W1 = MN ... just wait and nothing else.
  • #1,479
  • Edited 6:51am Mar 7, 2015 6:34am | Edited 6:51am
Correct me if I'm wrong please.
1.We have to wait a convergence in MN chart, like BULL-BEAR>?BEAR?, because in this case the third candle probably continue the motion of the second. Like this
Attached Image


2.In weekly we enter at second this case BEAR candles, BULL-BEAR-?BEAR?>SELL if candles 3,4 and 5 are bear too we can proceed to select daily trades, right?
Attached Image


3. Daily, the same: BULL-BEAR-?BEAR?>SELL NEXT DAY AFTER FRIST BEAR CANDLE
Attached Image (click to enlarge)
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  • #1,480
  • Mar 7, 2015 7:14am Mar 7, 2015 7:14am
Quoting RoneyFX
Correct me if I'm wrong please. 1.We have to wait a convergence in MN chart, like BULL-BEAR>?BEAR?, because in this case the third candle probably continue the motion of the second. Like this {image} 2.In weekly we enter at second this case BEAR candles, BULL-BEAR-?BEAR?>SELL if candles 3,4 and 5 are bear too we can proceed to select daily trades, right? {image} 3. Daily, the same: BULL-BEAR-?BEAR?>SELL NEXT DAY AFTER FRIST BEAR CANDLE {image}

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