Follow the monthly candle and be profitable | Page 79 | Forex Factory

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Follow the monthly candle and be profitable

  • #1,561
  • Mar 24, 2015 2:21pm Mar 24, 2015 2:21pm
Quoting panguFX
I'm from Missouri, the show me state....
where at in Mo? I'm in Monett SW Springfield
  • #1,562
  • Mar 25, 2015 6:24am Mar 25, 2015 6:24am
Quoting Nosniw
Rob, I finish reading the first 20 pages of this thread last night, and applied your method on today's weekly opening. Matching color of candles for D1, W1 and M1. Bought nzd/jpy, nzd/jpy, aud/usd, aud/jpy and sold gbp/nzd. Made 240pips! Thank you for selfless sharing! Cheers P.S. lost 40pips on gbp/usd but this is because me not being disciplinary enough.
The big problem of this group, is asking too,,, and no one makes the entries with the rules,,, system very easy,, especially for beginners ... and requires little tempo.Já spent all my energy here ... tired ...

Congratulations friend.
  • #1,563
  • Mar 25, 2015 4:01pm Mar 25, 2015 4:01pm
Quoting Robinho
{quote} The big problem of this group, is asking too,,, and no one makes the entries with the rules,,, system very easy,, especially for beginners ... and requires little tempo.J spent all my energy here ... tired ... Congratulations friend.
I've been trying to follow the rules. I don't understand your entry on september 2, 2014. I posted about this on page 78. Why did you enter on sept. 2 and not on 1? also seemed like the most recent close was ignored. is that part of the rules or is there a judgment call made at the time. please, please clarify. thank you.
  • #1,564
  • Mar 25, 2015 5:39pm Mar 25, 2015 5:39pm
Quoting Phantom-X
Hi guys, I'm testing a few different systems out right now. One of them is my variation on the monthly candle: Follow the previous weekly candle. I'm using Heiken Ashi candles, though. Anyways, I placed 5 trades on Sunday open that followed the previous Heiken Ashi weekly candle. 3 trades had a TP of 30 pips. 2 trades have a manual trailing stop. The 3 trades that had a TP of 30 pips have all hit their TP levels (AUDCHF, USDJPY, and AUDJPY). The 2 trades that have a manual trailing stop are currently in profit (GBPUSD, GBPJPY). I set the SL to BE...
Hi, thanks for your idea. Did you use market or pending order when you followed the last weekly candle?
  • #1,565
  • Mar 25, 2015 5:59pm Mar 25, 2015 5:59pm
Quoting mozhixing
{quote} Hi, thanks for your idea. Did you use market or pending order when you followed the last weekly candle?
Hi, I used market orders!

Hats off to Robinho for all the inspiration.
I am NOT an expert. I post to learn from others.
  • #1,566
  • Mar 26, 2015 6:50am Mar 26, 2015 6:50am
Quoting Rippin
{quote} I've been trying to follow the rules. I don't understand your entry on september 2, 2014. I posted about this on page 78. Why did you enter on sept. 2 and not on 1? also seemed like the most recent close was ignored. is that part of the rules or is there a judgment call made at the time. please, please clarify. thank you.
Good morning ... The opening of the market in Brazil are 18:00 pm ... In Brazil were a 18:00 pm Sunday,,, I should be with family or friends. But that's not importante.O important is to follow the monthly candle.
  • #1,567
  • Apr 1, 2015 5:01am Apr 1, 2015 5:01am
  •  regme
  • | Joined Mar 2010 | Status: Planning to be like Warren Buffett | 115 Posts
Quoting Rippin
My demo broker, FXCM, USDJPY was the only hit this afternoon, GMT 00:00: Entry Price: 121.387; SL: 120.387; TP: 121.452; Current Price: 121.307 Is anyone convinced this will work out? I'm not asking for much. D1 chart excerpt..... {image}
Rippin, FXCM live and DEMO have different D1 candle closing time.
  • #1,568
  • Apr 3, 2015 9:18am Apr 3, 2015 9:18am
Good morning,,, when I talk to you follow the sitema ... is not silly

Look at just one example:

Monthly candle march GBPCHF pair closed red, the day 01/04 so far fell 230 pips,,, see in other pairs. Will lose some and win others, but forex is so, but this system requires only 20 minutes maximum per month.

Happy Easter to all.
  • #1,569
  • Apr 6, 2015 9:48am Apr 6, 2015 9:48am
All of you who are interested in making profit in forex pls add me in skype : unimakFF id
  • #1,570
  • Apr 7, 2015 4:46am Apr 7, 2015 4:46am
Good morning,,, just a tip ... see how many pairs had their 1st candle D1 closed after a change,,, and then see where they went. Always follow the previous candle closed.
EURUSD closed D1 Red Day 06/04, where it is going in 07/04
GBPUSD, NZDUSD, USDCHF, USDCAD USDJPY EJ, GJ ...

enter only the 2nd candle D1

see the 28 pairs as would be gained ...

leave a pending order 20 pips from the opening price (or other value, but leave a breather)
  • #1,571
  • Apr 7, 2015 1:55pm Apr 7, 2015 1:55pm
I wish to just have an idea that I have observed.
New candle D1 closed, entry in the opening of the next candle D1. One can put a breather 10-20 pips to a pending order in the direction of the closed D1 candle.


Follow new color D1 D1 candle candle diferente.EURUSD day 06/04 = RED

The 2nd day usually always follow the 1st candle that changed the direction.

See all 28 pairs, how many entradateríamos following the 1st candle D1 has changed:

EURUSD, GBPUSD, NZDUSD, USDCHF, USDCAD, USDJPY, EURJPY, GBPJPY, NZDJPY, CADJPY, EURCAD, GBPCHF, EURNZD (WAS + 40), GBPNZD, AUDCHF, AUDNZD, CADCHF, GBPCAD (FOLLOWED The SYRUP), NZDCAD, NZDCHF, EURGBP

GBPAUD = STOP lose

AUDUSD, CHFJPY, AUDCAD and EURCHF to vent 20 pips from the opening price would not have armed the pending order.

AUDJPY, EURAUD not had the 1st candle d1 changing color on 06/04.

Of the 28 pairs,,, 21 pairs followed the D1 candle that closed in a different color on 06/04 ... just for reflection.
Attached Image (click to enlarge)
Click to Enlarge Name: D1 explicação.png Size: 250 KB
  • #1,572
  • Edited 6:40pm Apr 7, 2015 5:34pm | Edited 6:40pm
Entries PENDING D1 to 08/04 AS POST 1571
AUDUSD BUY STOP 0.7660
AUDJPY 92.00 BUY STOP
EURAUD SELL STOP 1.4140
GBPAUD 1.9360 SELL STOP
EURNZD SELL STOP 1.4420
AUDCAD BUY STOP 0.9560
EURCHF 1.0420 SELL STOP
  • #1,573
  • Apr 7, 2015 6:46pm Apr 7, 2015 6:46pm
pretty interesting concept Robinho!! - how are you managing stop loss and tp for this strategy?
  • #1,574
  • Apr 7, 2015 7:20pm Apr 7, 2015 7:20pm
Quoting mebarrac
pretty interesting concept Robinho!! - how are you managing stop loss and tp for this strategy?
look at the past candles,,, we will not hit the pot full ... sometimes you give 300 pips and there are times that gives 40 pips ... 100 pips put stop 50 pips tp, but each do what you think better ... will not be here discussing whether "x" or "y" stop and Tp and do the entries.
  • #1,575
  • Apr 8, 2015 2:34am Apr 8, 2015 2:34am
Quoting Robinho
{quote} look at the past candles,,, we will not hit the pot full ... sometimes you give 300 pips and there are times that gives 40 pips ... 100 pips put stop 50 pips tp, but each do what you think better ... will not be here discussing whether "x" or "y" stop and Tp and do the entries.
I love ur trading style.

From ur experience, what is the better tp and sl?
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,576
  • Apr 8, 2015 5:17am Apr 8, 2015 5:17am
Quoting Robinho
Entries PENDING D1 to 08/04 AS POST 1571 AUDUSD BUY STOP 0.7660 AUDJPY 92.00 BUY STOP EURAUD SELL STOP 1.4140 GBPAUD 1.9360 SELL STOP EURNZD SELL STOP 1.4420 AUDCAD BUY STOP 0.9560 EURCHF 1.0420 SELL STOP
Good morning from 07 entries:
AUDUSD BUY STOP 0.7660 = + 50 PIPS
AUDJPY 92.00 BUY STOP = + 50 PIPS
EURAUD SELL STOP 1.4140 = 50 PIPS
GBPAUD 1.9360 SELL STOP = OPEN IS + 12 PIPS
EURNZD SELL STOP 1.4420 + 50 = PIPS
EURUSD BUY STOP 0.9560 = + 50 PIPS
EURCHF 1.0420 SELL STOP = NOT ACTIVATED AT ORDER PENDIN

05 ENTRIES CLOSED = + 250 PIPS
01 OPEN INPUT = + 12 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: D1 0804.png Size: 272 KB
  • #1,577
  • Apr 8, 2015 5:45am Apr 8, 2015 5:45am
Quoting Robinho
{quote} Good morning from 07 entries: AUDUSD BUY STOP 0.7660 = + 50 PIPS AUDJPY 92.00 BUY STOP = + 50 PIPS EURAUD SELL STOP 1.4140 = 50 PIPS GBPAUD 1.9360 SELL STOP = OPEN IS + 12 PIPS EURNZD SELL STOP 1.4420 + 50 = PIPS EURUSD BUY STOP 0.9560 = + 50 PIPS EURCHF 1.0420 SELL STOP = NOT ACTIVATED AT ORDER PENDIN 05 ENTRIES CLOSED = + 250 PIPS 01 OPEN INPUT = + 12 PIPS {image}

hi my friend Robinho
i use the same but with high/low breakout

what you think?
at the new open candle or at high breakout?

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 50 KB
  • #1,578
  • Apr 8, 2015 6:13am Apr 8, 2015 6:13am
i think is more profitable the H/L breakout

Attached Image (click to enlarge)
Click to Enlarge Name: cvb.png Size: 55 KB
  • #1,579
  • Apr 8, 2015 6:14am Apr 8, 2015 6:14am
Quoting dimdel
{quote} hi my friend Robinho i use the same but with high/low breakout what you think? at the new open candle or at high breakout? {image}
I only see the probability ... just look at your history,, every time aparerece one D1 candle in the new color, the next day she does not follow the previous candle. No one knows where the price will ... It's simple, without inventing rules ... is to leave a breather 20 pips away from entrada.Veja price what I did and ready. Begins to ask many questions,,, after a while the focus changes.

01 only once per day
Just 20 minutes a day
Will not need to follow the market
Place order pending the opening of the 2nd candle D1 and more.

Simple, and no questions asked and without putting rules.

See the post 1571,,, how many we would have won operations,
See how are getting a few pairs with new color D1 ... Tomorrow 09/04 day can have multiple entries,,, EURUSD, USDCHF, USDCAD and ... wait and let the pending sordens.

a hug
  • #1,580
  • Apr 8, 2015 6:19am Apr 8, 2015 6:19am
Quoting dimdel
i think is more profitable the H/L breakout {image}
So take and make ... and show the results,,, is a lot of theory,,, why I stopped posting stay ... very refocuses ... See the picture I left the post 1571. The 1st candle D1 changed (yellow box) places the order pending the opening of the next candle. simple

See peers. How often appears when a new candle color D1, we have the 2nd candle following the direction of the 1st? Probability and nothing else ... simple
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