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Daily green/red candle

  • #141
  • May 3, 2015 5:45am May 3, 2015 5:45am
if,if

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  • #142
  • May 3, 2015 6:45am May 3, 2015 6:45am
Quoting dimdel
{quote} maybe you are right but i have see that the prices moves in trend 60-70% and in sideway 40-30% wrong? so if the sum is positive why i must concern ? unless there is a method with all the orders to win i would like to have this info please
Hi Dimbel you got it all the way around the market trends 30% to 40% of the time and ranges 60 to 70% . Unfortunately there is NO holly grail . My advise to you is to use this method when you feel that a strong trend has started then yes you will be profitable . try to use some sort of filter you will increase your chances of success and wont be caught on the wrong side of the market.
  • #143
  • May 3, 2015 7:25am May 3, 2015 7:25am
Quoting dimdel
{quote} ευχαριστω-thanks tell us your opinion
Hello dimdel,

WOW....sorry for the late reply, will go through your thread and give my feedback.
Like TRO says.... "Anything that you can draw a line on a chart has potential"

4x
  • #144
  • May 3, 2015 9:31am May 3, 2015 9:31am
Quoting laksior
{quote} 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
Didn't use trail stop?

I believe when it's friday. It's better not to leave your trade over the weekend. Either trail stop or close it all.
  • #145
  • May 3, 2015 11:14am May 3, 2015 11:14am
Quoting The Wizard
{quote} Hi Dimbel you got it all the way around the market trends 30% to 40% of the time and ranges 60 to 70% . Unfortunately there is NO holly grail . My advise to you is to use this method when you feel that a strong trend has started then yes you will be profitable . try to use some sort of filter you will increase your chances of success and wont be caught on the wrong side of the market.

hi wizard
i agree with you
but i would like to show me a chart with range market and to see how i will lose
please tell me : pair , date ( xx/xx/xxxx - ψψ/ψψ/ψψψψ)
and i will search the price action with will give me
thanks
  • #146
  • May 3, 2015 11:19am May 3, 2015 11:19am
Quoting 4xPIPAHOLIC
{quote} Hello dimdel, WOW....sorry for the late reply, will go through your thread and give my feedback. Like TRO says.... "Anything that you can draw a line on a chart has potential" 4x

i am waiting ..... 4xpip your experience
  • #147
  • May 3, 2015 4:17pm May 3, 2015 4:17pm
ok start the week
many pips to all of us

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  • #148
  • May 3, 2015 4:38pm May 3, 2015 4:38pm
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.
  • #149
  • May 3, 2015 5:02pm May 3, 2015 5:02pm
Sorry about that last post it was duplicate when I hit refresh.
  • #150
  • May 4, 2015 12:07am May 4, 2015 12:07am
Quoting RuAc
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.

hi Ruac
yes many times we are in trend and the new opposite color are retracement
i will tell my oppinion , maybe is wrong, but i would like to heard and other thoughts.
so
we are in trend
1) we dont know whenr start/stop the trend
2) we dont know when stert/stop consolidation
3) we see the 1) or 2) very later
4) the green/red way cant catch the big movement by a trend because in anyway we have TP 200 fib so we are out in the next trend
and we wait new color( + or - )
5) if we have retracement then let see what cases we have
i= the prices dont break the previus low so we cancel the order ( 0 win 0 lose) or
ii= the prices break the previus low and give 200 fib ( win) or
iii= >> and go to 150 fib (here the sl go to entry ) or
iv)= the prices break a little the previus low and turn to the trend direction so we lose (the bad senario)
now we must see when in the past we have retracement what usally happened ( i,ii,iii,or iv) most times?
  • #151
  • May 4, 2015 12:52am May 4, 2015 12:52am
Quoting dimdel
{quote} hi Ruac yes many times we are in trend and the new opposite color are retracement i will tell my oppinion , maybe is wrong, but i would like to heard and other thoughts. so we are in trend 1) we dont know whenr start/stop the trend 2) we dont know when stert/stop consolidation 3) we see the 1) or 2) very later 4) the green/red way cant catch the big movement by a trend because in anyway we have TP 200 fib so we are out in the next trend and we wait new color( + or - ) 5) if we have retracement then let see what cases we have i= the prices...
Thanks for your response dimdel! I see your rationale. Much appreciated!
  • #152
  • May 4, 2015 1:21am May 4, 2015 1:21am
Great thread people.

I did a little quick backtesting and what I have found using 1% risk per trade with break of previous high or low as entry and the opposite low or high as original SL. What I did was to move the SL to the new low of the next candle and kept moving it each day until price triggered the SL. What I found that where you already know there is an accuracy of 50-60%, using this manual trailing stop returned >60% because the SLs max at 1% but some of the wins can return 1:3 or higher!

In fact if you place 2 trades of 1% on with 1 being a TP of 200 fib and the 2nd following above, it means once the 200% fib is reached the 2nd trade is running free!
Winners add to winning trades!
  • #153
  • May 4, 2015 1:50am May 4, 2015 1:50am
in post 2
we will see 2 methods to enter
1) at any new color candle

2) at any new candle ( dont care the color)

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the only way to find out immediately and fast , which method are more profitable, which pairs are more profitable
we must have an EA to do the hart backtest
in post 115 i have an xls file with what will help us to make backtest
if someone can do it......
MathTrader7 said to make an EA but he havent the time to do it this period
so i wait.....
  • #154
  • May 4, 2015 2:35am May 4, 2015 2:35am
for example

we must see what GBPJPY do

weekly

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daily

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so generally have uptrend
but
because if i was sure >80% then believe me I would be in the Bahamas with my money and who cares about FF
so i am not sure
for this i cant put orders to the big picture and i am going to thieve some pips every day
  • #155
  • May 4, 2015 3:11am May 4, 2015 3:11am
Quoting dimdel
{quote} hi laksior i follow the same for all day only one thing attention ( where is the price after 23.00 ) {image}
Thanx dim, much clear for me
  • #156
  • May 4, 2015 4:47am May 4, 2015 4:47am
audusd-d1-etx-capital.png

Look at the bigger picture when trading this system
Do not sell into support levels
Do not buy into resistance levels
Only sell in bearish markets
Only buy in bullish markets
This may increase your strike rate
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  • #157
  • May 4, 2015 5:12am May 4, 2015 5:12am
Quoting raylin
audusd-d1-etx-capital.png Look at the bigger picture when trading this system Do not sell into support levels Do not buy into resistance levels Only sell in bearish markets Only buy in bullish markets This may increase your strike rate {image}
hi raylin
yes i see what are you saying
but if i dont know that i am in range market or i cant see s/r and let say i trade only with green/red
what result i have?


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maybe in other pair will have very bad result
ok let see other pair
  • #158
  • May 4, 2015 5:16am May 4, 2015 5:16am
please attention this method need %risk
and no to put same lot in all/some pairs
  • #159
  • May 4, 2015 5:21am May 4, 2015 5:21am
Quoting raylin
audusd-d1-etx-capital.png Look at the bigger picture when trading this system Do not sell into support levels Do not buy into resistance levels Only sell in bearish markets Only buy in bullish markets This may increase your strike rate {image}

and my friend

do not trade there
do not trade here
do not trade...when
do not trade if....

i have Not enough time i wii retire
( joking)
  • #160
  • May 4, 2015 5:39am May 4, 2015 5:39am
Ok I see your point Dimdel
Are you using the method buy at the high of the candle with the stop loss at the low of the candle ?

I still maintain its best to put a stop loss to break even after the trade goes into profit after 45 pips.
I have back tested the strategy that I showed in the Youtube video .It is quite disappointing when
you are going for 100 pips and the trade reaches 90 pips and then reverses and stops you out.
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