Daily green/red candle | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

need simple indicator for Daily green/red candle 2 replies

MT4 candle-by-candle manual backtesting 9 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Daily green/red candle
Exit Attachments

Daily green/red candle

  • #121
  • May 1, 2015 6:54am May 1, 2015 6:54am
Quoting dimdel
{quote} the english isnt my mother languge , not even as uncle language
LOL
  • #122
  • May 1, 2015 6:59am May 1, 2015 6:59am
i mean this
"Am I singing from the same hymn sheet Dimdel Ie are my assumptions correct"

you must see what google trandlate in greek
hahaha

any way i consider that you dont swore me

sorry boys.. i am greek and i have Varoyfaki to translate first
  • #123
  • May 1, 2015 12:14pm May 1, 2015 12:14pm
Today trades
GBP/USD -> TP
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 59 KB


Order on the screen is from another strategy

GBP/JPY -> In the game
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 60 KB


CAD/JPY -> In the game
Attached Image (click to enlarge)
Click to Enlarge Name: cj.png Size: 56 KB


USD/CAD -> In the game
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 58 KB


Thanx dimdel
  • #124
  • May 1, 2015 12:32pm May 1, 2015 12:32pm
Quoting laksior
Today trades GBP/USD -> TP {image} Order on the screen is from another strategy GBP/JPY -> In the game {image} CAD/JPY -> In the game {image} USD/CAD -> In the game {image} Thanx dimdel

very very good trades
bravo
  • #125
  • May 1, 2015 12:45pm May 1, 2015 12:45pm
with appropriate backtest will find out

which pairs are more profitable

this is the most crucial thing in this strategy
  • #126
  • May 2, 2015 2:01am May 2, 2015 2:01am
good morning

lets say we trade GOLD and we will see that from 26/3 we are in range
so what result we have with green /red method?

Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 37 KB



4 win ( v)
4 lose ( x )
1 breakeven ( 0 )

no so bad for range market

can anyone find other examples with very very bad results? ( in range)
thanks
  • #127
  • May 2, 2015 2:52am May 2, 2015 2:52am
4,5 months consolidation

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.png Size: 42 KB
  • #128
  • May 2, 2015 2:53am May 2, 2015 2:53am
GBPCHF
  • #129
  • May 2, 2015 4:02am May 2, 2015 4:02am
Sorry guys I will try to keep my English simple
  • #130
  • Edited 4:45am May 2, 2015 4:23am | Edited 4:45am
Quoting laksior
Today trades GBP/USD -> TP {image} Order on the screen is from another strategy GBP/JPY -> In the game {image} CAD/JPY -> In the game {image} USD/CAD -> In the game {image} Thanx dimdel
Looks like your GBPJPY and CADJPY hit the SL. The entry candle highs exceeded the first red candle highs.
  • #131
  • May 2, 2015 5:48am May 2, 2015 5:48am
Quoting ChicagoRob
{quote} Looks like your GBPJPY and CADJPY hit the SL. The entry candle highs exceeded the first red candle highs.
look at H1 and will see the price movement
open up and after went to the pending short order
  • #132
  • May 2, 2015 6:02am May 2, 2015 6:02am
Quoting raylin
Sorry guys I will try to keep my English simple
dont worry raylin
I'm joking

Whatever you Write , i will use goggle translator
and least the "green /red " i will understand
  • #133
  • May 2, 2015 1:23pm May 2, 2015 1:23pm
Quoting ChicagoRob
{quote} Looks like your GBPJPY and CADJPY hit the SL. The entry candle highs exceeded the first red candle highs.
GBP/JPY almost hit my TP (by few pips) and start moving north so i closed this trade manually.
CAD/JPY almost hit my SL (by few pips) and start moving north so i'm waiting for monday and we will see where she goes.
If you look at H1 TF or lower TF You will probably see that the price didn't hit SL on CAD/JPY
  • #134
  • May 2, 2015 1:30pm May 2, 2015 1:30pm
looking through a lot of different pairs and noticed that on a lot of the pairs the 150 fib seems to stop on an either s/r ? coincidence perhaps.anyway took several tradings on friday and looking at these levels .... using my micro account got a 9.8% return closed all trades in or out of profit so not complaing at all

good set up for eur/chf on monday,guess what the 150 fib is on a nice s/r
  • #135
  • May 2, 2015 3:29pm May 2, 2015 3:29pm
Love this thread.
Very Simple.
I am just starting to trade it live.
Will post results
  • #136
  • May 2, 2015 8:32pm May 2, 2015 8:32pm
Hi dimdel,

Interesting thread! My only question is the rationale behind taking an opposite position when there is a color change. Given that most times for instance if the market is trending upwards and there is a color change, it is highly likely a retracement for continuation rather than reversal. So I would keep your principles, of take profit for instance, but treat the color change as retracement until otherwise confirmed as reversal. Just my thoughts and questions. Not discrediting or anything like that.
  • #137
  • May 3, 2015 1:41am May 3, 2015 1:41am
Quoting ChicagoRob
{quote} Looks like your GBPJPY and CADJPY hit the SL. The entry candle highs exceeded the first red candle highs.
Sorry for missunderstood, you mean GBP/JPY hit SL not TP...
Yes, the price hit SL but it was before the price was open my pending order.
That is why we use a pending order on high or low of previous candle to avoid of pullbacks.
  • #138
  • May 3, 2015 3:14am May 3, 2015 3:14am
dimdel, i have question.
Do we set our pending order on the close of friday candle or we wait for monday candle close and after that we set our order?
  • #139
  • May 3, 2015 4:14am May 3, 2015 4:14am
Quoting laksior
{quote} Sorry for missunderstood, you mean GBP/JPY hit SL not TP... Yes, the price hit SL but it was before the price was open my pending order. That is why we use a pending order on high or low of previous candle to avoid of pullbacks.
Copy that, laksior. I agree that pendings are the only way to go.
  • #140
  • May 3, 2015 5:36am May 3, 2015 5:36am
Quoting laksior
dimdel, i have question. Do we set our pending order on the close of friday candle or we wait for monday candle close and after that we set our order?
hi laksior

i follow the same for all day
only one thing attention
( where is the price after 23.00 )

Attached Image (click to enlarge)
Click to Enlarge Name: parask.png Size: 26 KB
18 traders viewing now