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Attachments: Daily green/red candle
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Daily green/red candle

  • #421
  • May 15, 2015 10:05am May 15, 2015 10:05am
Quoting sdatta
shouldnt the USD/CAD Buy 1.20121.2009 hit TrSL?
I had to put the TrSl at 140fib

but i prefer the today H/L as SL
why?

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  • #422
  • May 15, 2015 10:15am May 15, 2015 10:15am
for example if look GBPCAD weekly/daily

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  • #423
  • May 15, 2015 10:19am May 15, 2015 10:19am
so i decide to put my Sl there and no at 140 fib

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  • #424
  • May 15, 2015 10:20am May 15, 2015 10:20am
sorry for my english
i know
you need 3 google translator to translate me
  • #425
  • May 15, 2015 10:29am May 15, 2015 10:29am
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ok i stop know
  • #426
  • May 15, 2015 10:35am May 15, 2015 10:35am
Quoting dimdel
{image} ok i stop know
Thanks for the explanation....

I came out of both UC and AU at 140 fibo... Happy with the results...so much pips in 1 day is a good start for me...

On the pair ranking: if possible please share some details, would like to learn.

Thanks again
sdatta
  • #427
  • May 15, 2015 1:50pm May 15, 2015 1:50pm
Quoting dimdel
{quote} with my quick look i think is better M30 sl low candle/ tp 200 fib but you must to sit all day in the PC with stress anyway i want to see your way and if is profitable all the other are sophistry
Dear Dimdel,
Thank you for sharing your thoughts with others. Some questions after read all thread:
1- you did n't mentioned what time zone you consider as daily candle open and close. we know well i can be vary from time zone to the other.
2-in quote above, as you mention intra-day time frame, it means you avoid using beginning of day and just following you rest of strategy with M30 candles?
  • #428
  • May 15, 2015 2:23pm May 15, 2015 2:23pm
Green/Red after two weeks. Flat with no floating trades for the weekend. Looking
very solid, so far.
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  • #429
  • May 15, 2015 2:39pm May 15, 2015 2:39pm
Quoting ChicagoRob
Green/Red after two weeks. Flat with no floating trades for the weekend. Looking very solid, so far. {image}
bravo rob

you owe me a bottle of wine
  • #430
  • May 15, 2015 2:52pm May 15, 2015 2:52pm
Quoting ChicagoRob
Green/Red after two weeks. Flat with no floating trades for the weekend. Looking very solid, so far. {image}
You should show us how you exit and enter so that the rest can master from you
  • #431
  • May 15, 2015 3:53pm May 15, 2015 3:53pm
ok i put my orders
  • #432
  • May 15, 2015 3:57pm May 15, 2015 3:57pm
Quoting FxLapozi
{quote} You should show us how you exit and enter so that the rest can master from you
My entries are exactly per the rules. I try to get at least 161.8 fib for TP, but if I see a loss of momentum, I'll tighten the SL and let the trade stop itself out for a small gain. If I see an increase in momentum, I'll let the trade ride until it hits 161.8, or higher, if possible.

I do use discretion now and then , but I try to stay true to the original strategy.
  • #433
  • May 15, 2015 4:04pm May 15, 2015 4:04pm
what is your understanding of the original rules? can you sum it up here please?
  • #434
  • Edited May 16, 2015 3:12am May 15, 2015 4:36pm | Edited May 16, 2015 3:12am
Quoting GoldenEA
what is your understanding of the original rules? can you sum it up here please?
You trade in the direction of the new candle color: red, short; green, long. Per the strategy, 0.0 fib is the SL, 100.0 fib is the entry. TP is 200 fib, sometimes 300 fib. The trade is left to either hit SL or TP. Changes in candle color, while a trade is still running, will require a hedge trade. For US citizens, this is not an option.

The most important aspect of the strategy, for me, is pure price action, or trading what you see.
  • #435
  • May 15, 2015 4:44pm May 15, 2015 4:44pm
Quoting ChicagoRob
{quote} You trade in the direction of the new candle color: red, short; green, long. Per the strategy, 0.0 fib is the SL, 100.0 fib is the entry. TP is 200 fib, sometimes 300 fib. The trade is left to either hit SL or TP. Changes in candle color while a trade is still running, will require a hedge trade. For US citizens, this is not an option. The most important aspect of the strategy, for me, is pure price action, or trading what you see.
Thanks for the reply. What do you mean new candle color? is the new candle color referred current candle color or previous day candle color?
  • #436
  • May 15, 2015 4:47pm May 15, 2015 4:47pm
Quoting amirrh
{quote} Dear Dimdel, Thank you for sharing your thoughts with others. Some questions after read all thread: 1- you did n't mentioned what time zone you consider as daily candle open and close. we know well i can be vary from time zone to the other. 2-in quote above, as you mention intra-day time frame, it means you avoid using beginning of day and just following you rest of strategy with M30 candles?

hi amirrrrh

i trade only daily and sometimes weekly
but if I am out i can put the orders if is near the initial entry and in the moorning or other time

now if you want to put the order anyway then market order but let the same SL/TP (that mean lose>win ) is up to you
sometimes we want to put orders while we know that we must not
  • #437
  • May 15, 2015 5:05pm May 15, 2015 5:05pm
Quoting GoldenEA
{quote} Thanks for the reply. What do you mean new candle color? is the new candle color referred current candle color or previous day candle color?
If yesterday's closed candle was red, and today's closed candle is green, you buy at 100.0 fib. Please study the OP's charts and it will become clear.
  • #438
  • May 15, 2015 5:09pm May 15, 2015 5:09pm
Quoting ChicagoRob
{quote} If yesterday's closed candle was red, and today's closed candle is green, you buy at 100.0 fib.
Thanks again. If they (today and yesterday) are all the same color, no trade??
  • #439
  • May 15, 2015 5:14pm May 15, 2015 5:14pm
Quoting GoldenEA
{quote} Thanks again. If they (today and yesterday) are all the same color, no trade??
Yes
  • #440
  • May 15, 2015 5:19pm May 15, 2015 5:19pm
Quoting Dezil
{quote} Yes
Why?? If I don't have existing trade in the direction, why I can't trade with long if both green or shor if both are red?
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