Higher Edge within a Single Candlestick

Possible to do so in the stocks and futures markets where you can "read" the book aka order flow...Not in forex though...

Hi CrucialPoint,

Can anyone pls explain what does all the numbers mean? I mean what information are on those numbers. I can only see Contracts, Last, Net, High, Low. And I'm not sure the top is Price? If anyone could enlighten me, I would be grateful. Pls refer to attached edited pic (its not hd so hard to figure out), Thanks.


Best Regards,
LearnAlways

Hi there everyone. I'm not new to trading by any means, but times have changed a little I think since I used to trade. I would really appreciate some brief guidance in getting mt4 setup. Ive tried installing it and added custom indicators, but for some reason things dont quite seem to work like they used to and I cant seem to add any indicators at all. Maybe I'm missing something but if someone could point me in the right direction I'd be so greatful. No offence meant and I do apologise for interrupting a thread, i just need a bit of a hint to get myself set up and back up and running. I have a lot of experience, many years put in a good while ago so I have plenty to contribute. If some welcoming fellow traders would perhaps consider helping me out just a tiny bit it would be appreciated greatly.

Again, sorry for breaking the flow, I cant start threads so I was puzzled as to what to do...

Best wishes to all

You need to look carefully. Here, let me point it out for you.
I did not tamper this picture in any way watsoever, just highlighted it for you

Let There Be Light

"Perfection is not when you have nothing more to add,
but when you have nothing more to take away."
~ Antoine De Saint Exupery

"It is not about adding on, but taking away.
The less technique, the better you are."
~ Bruce Lee



Whenever I show a chart to a trader and I tell them to analyze it, they would draw the following; A trend line, maybe a channel, support and resistance, supply and demand zones, Fibonacci levels, triangle and wedge patterns, pitchforks, indicators, etc And it would look like somewhat to the picture below (your typical TA chart).




And after they anal-yze the chart , I then tell them analyze this chart below. I purposely took away the Timeframe and price value. So there is no open price value, no close price value, no high and low value.




Almost all the response would be like, "There is nothing to analyze. There is not enough information." I would then tell them that there is plenty of information to analyze. And then it usually ends with, "OK CrucialPoint, lets see you analyze it you smart ass!" Of course with my sick sense of humor, I would reply "I can't tell you because it is a well-guarded secret." ... "There is nothing to analyze. CrucialPoint, you're full of shit!"

That picture is design to see how deep and how well you really know your shit (trading and technical analysis). And if you cannot analyze it, it really says that you don't know your shit. You're no different from a Doctor who prescribes paracetamol because a person has fever. (FYI: The body's natural defense mechanism to KILL foreign bacteria is to increase body temperature (fever) to KILL the foreign bacteria. Paracetamol is only to be used when the body reaches critical temperature at 45degrees Celsius, very mundane medical 101 bio/chem found in all medical training literature). You're no different to a Horticulturist who teaches to put comfrey in pots. (FYI: Comfrey is a deep rooted plant which sucks all the deep minerals/nutrients and the plant is then used for various applications. What deep minerals/nutrients is comfrey going to get from pots? Putting them in pots renders the plant for useless application). You may get a laugh, but there are dozens of these stupid advices regarding trading that you are not aware of. These advices will never be talked about openly (resolved openly). Do you know why? because Professional traders also profit from other traders stupidity.


============
WARNING: Before I show the mundane and pretty obvious, be aware that your cognitive bias will be saying that you already knew this. The only question is then, why couldn't you analyze it before I showed it?
Also, I'm not going to tell all, but show you enough to enlighten, to take away some blindfolds, to experience the complexity from simplicity (and vice-versa), to remove some of my ambiguous statements (regarding trading), hopefully you gain some insight, and come what may to your trading.
============



OK, lets shift this to overdrive>>> Back to basics... Mastering the Basics...

"An upward trend is a series of successively higher peaks and higher troughs.
A downward trend is a series of successively lower peaks and lower troughs."
~ Charles H. Dow




This is pretty evident in every chart. Hence, the ABC (123) or the pullback was discovered; the invention of jumping on board the train and capitalizing on price making new highs. This is due because the only way you will see a HL & HH is once the move is over. And once the move is over, you haven't capitalized on the move.




Do you know where idea of Trend Lines came from? It came from scales. This may sound stupidly mundane, but if you put a weight on one side of the scale it will tilt to that side . Meaning, the scale was invented to objectively show which object is heavier... Meaning, two objects cannot occupy the same space... Meaning, the scale will tilt to the balance of power/weight/energy... Meaning, any line drawn encompasses the technology of the scale >>> a boundary between two opposing energy/power/weight... Meaning, not unless it crosses the line, the balance of power/energy have not shifted. A simple line is a measuring tool, just like a scale.




Right this very moment I am trying to control my sick sense of humor. I have the urge to leave the post here because I actually posted a lot of information. A lot of you may be thinking already and saying to yourself, "You haven't analyze a single candlestick like you said. CrucialPoint you prick, you haven't said fuck-shit."

Here, chew on this for a moment.




Some people will get it... Some people wont... since I made quite a lot money from last night's NFP 250pips movement , I feel in a good mood today so I will put it all together for you who still doesn't get it.




You see, whenever I say ambiguous stuff like; there is a lot of information within a single candlestick I can really back it up... Its just a matter if I choose to or not. And I'm very happy to let the trolls win and walk away with their pride in-tacked . It should make you wonder when I say other ambiguous stuff like; not requiring history, no searching for unicorn patterns, stop predicting the future, not knowing where the market is going to go yet profitable, I don't do backtesting, things you will never see in a book or anywhere else, etc...

Again, this is just a little light on the subject and I haven't said everything here, so you may have lots of questions. What I just presented is like just stretching before an exercise its not even warming up compared to the whole part of trading.

Pretty mundane and very basic... you knew this all along yeah?


Peace,
CrucialPoint


To be continued...

Thanks CrucialPoint,

Pls continue. awaiting to learn anything to better my trading, greatly appreciate u for sharing even if its just on the surface. It would certainly be most enlightening if u could just share more of your knowledge, thanks in advance.

Best Regards,
LearnAlways

I always enjoy the stuff you write so please continue. I get your point about a candle being any period of time you choose and it being made up of sub timeframes.

But how did you determine it was a bull candle? The open and close are indistinguishable and the candle is perfectly balanced. Because it's a green color? All the candles are green on my chart.

Hi Crucial Point,

Are you saying to look into lower timeframes splitting the single candle sticks into many to see all those concepts you explained above?
Just trying to understand...

Indeed, the smallest timeframe has the most information.

This is old ... but worth a read ..

Interesting read this thread

hi CP

very enlighting post

but within a bullish candle, there is also a possibility that you will not make money from it if you are using HLs or pullback or 123 etc.

I use the daily candle for trading - like that:

Russtrader, like you said that report is rusty and outdated. It has no slight implication with this topic of discussion. Besides, the edge in question here, the life blood of this thread is hinged on something that has been known to work over the years and will continue to work many years from now. This factor contrasts with your report. Unless, of course, you can prove to us you've been using it the concept till date then, and only then will the report share the same thoughts with this thread, otherwise it is useless.

Hi Alpha-Omega,

Do u mind sharing the indicator mq4 to plot the OHL of the day? Thanks.
Q) And how would u trade that? Do u trade either the break of the high or break of the low OR take trades only when BOTH OPEN & high/low agrees eg. Long when price is above open & breaking new highs and SHORT when price is below open & breaking new lows?

Best Regards,
LearnAlways

Good read...
Looking forward to the next

U can find this indicator in NinjaTrader. Idk if there is any for MT4.

During the Japan. session i dont trade trends. Only in the Europ. session and yes when price makes new dayhighs I'm looking for longs.

I was thinking about this a lot and I came to the conclusion. I must be an amateur trader , you show me a single candle ask me what is it.. I'll tell you its a candle. The candle itself is part of a larger picture but when you show one signal individual candle is the same as showing a piece of a puzzle and asking how does the whole puzzle looks like based on one piece. By identifying what you know its a piece of a puzzle if its not a corner piece you know its not a corner piece but you don't know where it goes in the actual puzzle where it fits in and so and so forth.. it sounds very grand to break down.

In my opinion what you wrote is very cool, everything is broken down and laid out but if anything things shouldn't be as complicated as they seem because getting lost in complexity is when things get hairy. For all traders who are learning pick one thing and stick with it, master it, and learn it. By learning how to focus on something will make your experience as a trader much better. It can get extremely overwhelming to be bombed with information and nothing makes sense anymore to me a candle is a candle even though to many others it will have 1001 meanings. Candles are great they are able to display a lot of information but a lot of things that has to do specifically with candles are in my opinion old school - that back in the day candles was a tool in the box they had more purpose but overtime in my opinion they are not required phased out with technology evolution of Forex.

Anyways I like the concept of the thread, but my opinion for new traders to stick to the KISS rule.. (Keep it simple stupid).

That's my 2 cents on the subject.

Hi All,


This is a pic I took while watching the news, saw there's information of BUY/SELL how many lots of Currency Pair @ what price / TP or SL. And the monitor doesn't really shows any indicators.

Best Regards,
LearnAlways

thank CP, keep this coming