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Follow the monthly candle and be profitable

  • #1,481
  • Mar 7, 2015 9:18am Mar 7, 2015 9:18am
Quoting dimdel
but in other broker i have 8 pairs {image}

I see that you looked at the wrong candles, the daily candles and for that matter the weekly ones too , notice that at the close the candles did not move to the left yet so for the set ups for next week you have to look at the candles on the right for now they will move eventually to the left once the market opens on Sunday.




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  • #1,482
  • Mar 7, 2015 9:26am Mar 7, 2015 9:26am
Quoting Ab4x
{quote} Check your inbox
I get the rule
MN - RED
W1 - RED
D1 - RED RED

My mistake was waiting only one RED candle at D1 Chart
  • #1,483
  • Mar 7, 2015 9:45am Mar 7, 2015 9:45am
Following the advice of Robinho i created an alternative to see the three timeframes, MWD on the M30 chart so you can see much better what is going on and will be useful for future testing of the story (which i'm doing now) in some cases it can happen that to understand what took first (SL or TP) you have to open and turn the graph because the candle is one, like this:
Attached Image

looking at the mixed chart you can immediately understand the situation:
Attached Image
Attached File(s)
File Type: rar ALL IN M30.rar   200 KB | 449 downloads
  • #1,484
  • Mar 7, 2015 4:16pm Mar 7, 2015 4:16pm
Quoting RoneyFX
Following the advice of Robinho i created an alternative to see the three timeframes, MWD on the M30 chart so you can see much better what is going on and will be useful for future testing of the story (which i'm doing now) in some cases it can happen that to understand what took first (SL or TP) you have to open and turn the graph because the candle is one, like this: {image} looking at the mixed chart you can immediately understand the situation: {image} {file}

can i have the indicator ( custom candle ) ? to set weekly candle and monthly candle?
i have some indicators custom candle but dont let me set > 1440 ( daily)
thanks
  • #1,485
  • Mar 7, 2015 4:45pm Mar 7, 2015 4:45pm
Quoting dimdel
{quote} can i have the indicator ( custom candle ) ? to set weekly candle and monthly candle? i have some indicators custom candle but dont let me set > 1440 ( daily) thanks


Here you go

Attached File(s)
File Type: ex4 M-Candles.ex4   12 KB | 386 downloads
  • #1,486
  • Mar 7, 2015 5:05pm Mar 7, 2015 5:05pm
Quoting ab4x
{quote} here you go {file}
the same problem

dont let me set > 1440
  • #1,487
  • Mar 7, 2015 5:20pm Mar 7, 2015 5:20pm
Quoting dimdel
{quote} the same problem dont let me set > 1440

Are you sure you put the indi 3 times on the chart and then set each one on a different time frame?



[attach]1626450[/attach
Attached Image
  • #1,488
  • Mar 7, 2015 5:42pm Mar 7, 2015 5:42pm
Quoting Ab4x
{quote} Are you sure you put the indi 3 times on the chart and then set each one on a different time frame? [attach]1626450[/attach {image}
the indicator show the candles till Day

if i set TFbar 7200 ( weekly) or 28800 (monthly) i cant see nothing
  • #1,489
  • Mar 7, 2015 5:43pm Mar 7, 2015 5:43pm
can you make a tpl with 3 m-candles m/w/d ? and send me please
  • #1,490
  • Mar 7, 2015 5:45pm Mar 7, 2015 5:45pm
Saturday Night abd i see 35 persons?
we are crazy
  • #1,491
  • Mar 7, 2015 6:15pm Mar 7, 2015 6:15pm
Quoting dimdel
can you make a tpl with 3 m-candles m/w/d ? and send me please


Here you go



Attached File(s)
File Type: tpl Mcandles.tpl   11 KB | 343 downloads
  • #1,492
  • Mar 7, 2015 6:30pm Mar 7, 2015 6:30pm
Quoting Ab4x
{quote} Here you go {file}
thanks my friend
my mistake was 1440x5 days while 1440x7 days for the weekly candle
  • #1,493
  • Mar 7, 2015 6:49pm Mar 7, 2015 6:49pm
Quoting dimdel
{quote} thanks my friend my mistake was 1440x5 days while 1440x7 days for the weekly candle


Oh ok, good you figured it out .

1440 = D
10080=W
43200=MN

Cheers
  • #1,494
  • Mar 8, 2015 5:58pm Mar 8, 2015 5:58pm
i have 3 brokers
and
i have 3 pairs combinations signals
will see if work in all brokers
  • #1,495
  • Mar 9, 2015 8:00am Mar 9, 2015 8:00am
where are you all?
  • #1,496
  • Mar 9, 2015 8:06am Mar 9, 2015 8:06am
my closed orders

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my open

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so friday we must place the order at 23,58

because the next candle can open > 10 pip with gap

i dont know if Robinho said other thing for 1st weekly candle
  • #1,497
  • Mar 9, 2015 1:11pm Mar 9, 2015 1:11pm
Quoting dimdel
where are you all?
I have opened all orders looking only 1 D1 candle to try, the gain is all red ahahahah, but usd/jpy is closed in profit, still waiting.....
  • #1,498
  • Mar 9, 2015 11:56pm Mar 9, 2015 11:56pm
today in 1,30 hours closed the orders
Attached Image
  • #1,499
  • Mar 10, 2015 8:33am Mar 10, 2015 8:33am
I traded all the pairs in the currency arena on the monthly candle. Ended up just a bit over 5% for 25 mins work. Still have a pending buy on the G/U but its a long way from triggering. Thanks Robin this is nice and stress free
  • #1,500
  • Mar 10, 2015 10:22am Mar 10, 2015 10:22am
Something unexpected happen
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