I see, I although thought you entered here. I have this candle on my platform but with the same open & close number to the fifth digit so it's not considered to be bullish or bearish. I dont know its open & close in your platform.
Dear the foxwave sir,
Please cheek this candle for golden guard rules. It is perfect for sell? (Golden guard buy but golden fox wave is full volume trade) entry/ no entry?
This No trade nazmul0001, as 3 Bullish sub waves = Bearish ET Fox wave. so no. of Bearish golden guards must be > than buliish ones and you have 3 Bullish vs 2 Bearish. cheers
Ahmed please see attached pic as it seems to be working well for original fox wave however not for the golden ones...do u think it will be a good idea to take setup when both agree with each other?
We will have to come up with something for the Dojis as i can see we r missing on some good trades because of dojis.
Also wht do u use to close the trades automatically by the end of day?
Ahmed please see attached pic as it seems to be working well for original fox wave however not for the golden ones...do u think it will be a good idea to take setup when both agree with each other? We will have to come up with something for the Dojis as i can see we r missing on some good trades because of dojis. Also wht do u use to close the trades automatically by the end of day? {image}
Ignored
I didn't mention that original fox wave is useless anymore or even the Golden Time part. but every thing made I have back tested it lot of times and Golden time that has enhanced to extended time proved its performance for day trading on long term than normal Fox wave. also normal Fox wave has always fewer entries due to Confirmation pattern & matching the two types of its analysis. I don't suggest to mix both for filtering entries as each can be a stand alone system and already has its own filters and mixing them will make it more complex for trading and may big aim since I start thinking of making this system is to make it simple as possible, no indis used, no drawings, just trading by candlesticks can be done anywhere even from mobile platform. regarding Dojis, only affecting us in Golden parts as candlestick analysis and determining type of candlesticks but it only interrupting trades when it stands in a sub wave between a bullish & bearish CS and I can grantee this case is rare but a sub wave which two CS of same kind and one doji will not be issue as we already know its type. I leave trades to end of the day to take profit, as in Extended Time confirmation pattern may occur late as market will has low volatility and starts to take one direction so we can leave the trade to end of day to gain the most of its momentum and no automatic closing just close them manual. btw you choose the pair that may be worst with this system, I said before usdjpy has low performance with my system I don't know why this pair take it personal with me. cheers
hi thefox91 and all
i will try summarize my undrestanding of Fox Wave Golden Time till now.if i am wrong please correct me.
1-if whole golden fox wave(9 candle from 0.0 time of day in H1 timeframe) is bearish we will sell and if whole golden fox wave is bullish we will buy.
2-how detrmine direction of whole golden fox wave : two bearish sub wave and one bullish sub wave = bearish golden fox wave. two bullish sub wave and one bearish sub wave = bullish golden fox wave. exception : three bullish sub wave =opposite type= bearish golden fox wave = enter sell exception : three bearish sub wave =opposite type= bullish golden fox wave = enter buy
3-after 9 candl of golden fox wave(that start from 0.0 of day) , we will wait for any confirmation pattern that consist of 3 candle(two bullish candle and on bearish candle or two bearish candle and on bullish candle).
now ,regardless of type of confirmation pattern (page 18 of pdf : any type of it will be our entry) , we will buy if whole golden fox wave is bullish , and we will sell if whole golden fox wave is bearish.
briefly , buy or sell in the direction of whole golden fox wave. three candle of confirmation pattern only is start of our entry(after these three candle completed) , and type of our entry(buy or sell ) is independent of type of confirmation pattern.
more brief : direction of whole golden fox wave----->any type of confirmation pattern------->buy or sell in direction of golden fox wave.
4- sl and tp will be equal of whole of 9 Golden Fox Wave candles.
5- close your open trade at the end of day.with profit or loss.
this was my undrestanding from Fox Wave Golden Time. i will will be thankfull if thefox91 or anybody correct me if i am wrong.i have to mention that i dont read exactly and dont consist development of system and dont consist Donor candle in this brief.if my writing is correct please add new development of system.
hi thefox91 and all i will try summarize my undrestanding of Fox Wave Golden Time till now.if i am wrong please correct me. 1-if whole golden fox wave(9 candle from 0.0 time of day in H1 timeframe) is bearish we will sell and if whole golden fox wave is bullish we will buy. 2-how detrmine direction of whole golden fox wave : two bearish sub wave and one bullish sub wave = bearish golden fox wave. two bullish sub wave and one bearish sub wave = bullish golden fox wave. exception : three bullish sub...
Ignored
Hello arad125, well done man All of above is correct for Golden Time part and you are understanding it well. For the enhancement of the system "Extended Time" will be as follow: after the 9 CS from beginning of each day (Golden period) is done we will also wait for confirmation pattern to occur to be our entry but ET wave is different from Golden wave that the 3 sub waves is taken from the confirmation pattern back to the beginning of day means after confirmation pattern occur we will apply our analysis that we used to do on CS (Golden Analysis) but this time from confirmation pattern and back 9 candlesticks. This will take some candlesticks from the Golden period and it's ok the remaining no. of CS will be "Golden Guards" our new confirmation to enter. Guards have to be in side with ET wave to confirm it. EX.: we have backtest the 9 CS from confirmation pattern and we have a Bullish ET wave and there's a 3 CS remaining from Golden period from beginning of day these 3 CS we 2 Bullish and one bearish that we have more Bullish guards than bearish ones and that confirms the ET wave so we can enter long and vice versa for Bearish ET wave. but if it was 2 Bearish Guards and One Bullish and this doesn't confirm long as we have Bullish ET wave we NO Trade in this case. and if Guards are equal to each other 2 Bearish and two Bullish we enter in the direction of ET wave only but with low lot size as we used to trade. SL is same as for Golden Time with max of 100 pips for H1 TF But TP is to leave trade for end of the day.
this may be the **th time I explain the ET, but I would suggest you also to read it again in first page with the summary put there that may make it more clear and also review many entries put here for explanation hope it will be clear for you. cheers
many thanks for your explanation.i was following thread and so i not returned to page one.i read that.that was very clear explanation.specialy briefing by laksior.then we can say rules of "Extended Time" system is the same as golden time system with two exeption : 1-strart analyzing from the end: after 9 candle from start of day completed we wait for confirmation pattern. after confirmation pattern , (that may occur immediately after first 9 candle or after first 9 candle+10 candle till confirmation pattern occur), we strart analyzing sub waves from the end , including confirmation pattern as sub wave, for determining type of main wave( 9 canle).
2- analyzing remaining candles ( named as golden guard candes) at the start of day for more confirmation of entry.and may be we have remaining candles or not.it is not important.
as i thanks again , i had one suggestion and one question. my sugestion is , if possible , please dont use compacted phrases like CS and ET because make a little difficult undrestanding for beginner like me , and need reading other postes for finding meaning of these breaf phrases.and this make mis undrestanding and repetative questions and posts.i think so. thanks again.and of course it is your choice.
my question : why you created "extended time" system?did you backtested "golden time" system and that was not profitable?
what is the logic reason for golden guard candles ?
