Follow the monthly candle and be profitable | Page 99 | Forex Factory

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Follow the monthly candle and be profitable

  • #1,961
  • Nov 8, 2015 1:41pm Nov 8, 2015 1:41pm
Quoting shahed58
{quote} Closed late your orders.( for example 2015/11/05 or 2015/11/04 is late) I close my orders tomorrow.... next days is risk
but it says in the rules that you have to close positions by the second day of the month?
What's you performance in monthly?
  • #1,962
  • Nov 8, 2015 2:08pm Nov 8, 2015 2:08pm
Quoting jarod
{quote} but it says in the rules that you have to close positions by the second day of the month? What's you performance in monthly?
I did 3 months And every 3 months result has been positive.
Because Orders will be closed tomorrow.
Please read my POST in this thread
be healthy and wealthy... Ceeport
  • #1,963
  • Nov 8, 2015 8:00pm Nov 8, 2015 8:00pm
Hi,everyone.

In summary,

If we hope some profit,using monthly candle is the best.

If so,

we can trade 12 times at most in a year for one pair currency
and will have so much interval.

Is it right?

Correct,please if there's any misunderstanding.
  • #1,964
  • Nov 9, 2015 1:56am Nov 9, 2015 1:56am
Quoting moonwalker
Hi,everyone. In summary, If we hope some profit,using monthly candle is the best. If so, we can trade 12 times at most in a year for one pair currency and will have so much interval. Is it right? Correct,please if there's any misunderstanding.
hi moonwalker

not important That trade is low.
It is important that it is profitable.

Advantages:
1)Without teacher and simple
2)No need for expensive training
3)Monthly income
be healthy and wealthy... Ceeport
  • #1,965
  • Nov 9, 2015 6:15am Nov 9, 2015 6:15am
Quoting shahed58
{quote} hi moonwalker not important That trade is low. It is important that it is profitable. Advantages: 1)Without teacher and simple 2)No need for expensive training 3)Monthly income

Hi,shahed58,

Thanks so much for your reply.

Surely profit is the most important.

Now I think I'm going to try,too.

Regards.
  • #1,966
  • Nov 9, 2015 1:08pm Nov 9, 2015 1:08pm
Hi friends,
i am newbie in this topic. I read the first post rules but in the last page rules are different.what page i can find the updated rules for entry?
thank you very much
  • #1,967
  • Nov 9, 2015 1:42pm Nov 9, 2015 1:42pm
Quoting saman2000
Hi friends, i am newbie in this topic. I read the first post rules but in the last page rules are different.what page i can find the updated rules for entry? thank you very much
read everything in between?
Attached Image (click to enlarge)
Click to Enlarge Name: RULES.png Size: 292 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,968
  • Edited 4:49pm Nov 9, 2015 4:37pm | Edited 4:49pm
Hi guys,

Finally I read all the 99 pages. I'm not sure if I understand the daily rules but I'm making good trades.
This is a daily trades from last friday. 10 TP 100 SL
15 trades all winners
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2015-11-06-10-50-45.png Size: 96 KB
Click to Enlarge Name: Screenshot_2015-11-06-10-50-34.png Size: 91 KB
  • #1,969
  • Nov 9, 2015 5:03pm Nov 9, 2015 5:03pm
And this is for today monday combining the weekly and daily:

Daily 10 TP 100SL

5 winners
1 open
0 lose

Weekly 20TP 80SL

13 winners
10 open
3 lose
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2015-11-09-09-15-39.png Size: 98 KB
Click to Enlarge Name: Screenshot_2015-11-09-09-15-51.png Size: 95 KB
  • #1,970
  • Nov 9, 2015 8:43pm Nov 9, 2015 8:43pm
Quoting saman2000
Hi friends, i am newbie in this topic. I read the first post rules but in the last page rules are different.what page i can find the updated rules for entry? thank you very much
Hi saman2000,

This strategy has 2kinds of rules.
One is using monthly candle and another is using daily candle.

I think maybe what you mean is another one.

It is on the 1570 and 1571 posts by thread master.

thanks.
  • #1,971
  • Nov 10, 2015 5:19am Nov 10, 2015 5:19am
Quoting Invermac
Hi guys, Finally I read all the 99 pages. I'm not sure if I understand the daily rules but I'm making good trades. This is a daily trades from last friday. 10 TP 100 SL 15 trades all winners {image} {image}
Dear Invermac
thanks for your posts
but SL=100 than Tp=10 is very Dangerous
be healthy and wealthy... Ceeport
  • #1,972
  • Nov 10, 2015 5:57pm Nov 10, 2015 5:57pm
Hi everyone,

When trading by daily candle,what do you think is the best
SL,TP and entry point/pips after opening of the second daily
candle?

Please explain about the question above if there's anyone
who understands daily candle strategy well.

Regards
  • #1,973
  • Nov 11, 2015 1:16am Nov 11, 2015 1:16am
Quoting shahed58
{quote} Dear Invermac thanks for your posts but SL=100 than Tp=10 is very Dangerous
Hello shahed58. Yes it is a little dangerous but I have a total of 41 daily trades, 36 of them are positive and the last 5 still open. I talk to robinho and he made about 85 trades per week and only fail 1 trade. It is a good strategy maybe a little extreme about sl/tp but it's work.
  • #1,974
  • Nov 11, 2015 1:19am Nov 11, 2015 1:19am
Today I opened 8 trades,

5 of them are positive and the other 3 still open. Here my results from 11/11/15

It is daily strategy. Good pips for all.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-11-11-01-17-10.png Size: 61 KB
  • #1,975
  • Nov 11, 2015 1:21am Nov 11, 2015 1:21am
Quoting moonwalker
Hi everyone, When trading by daily candle,what do you think is the best SL,TP and entry point/pips after opening of the second daily candle? Please explain about the question above if there's anyone who understands daily candle strategy well. Regards
You have history on your charts; do your own research and BACKTESTING

You will be trading it and have to have confidence, not just because somebody "think" is the best

It takes a lot for me to IGNORE you, but you can try.
  • #1,976
  • Nov 11, 2015 1:31am Nov 11, 2015 1:31am
Quoting Invermac
Today I opened 8 trades, 5 of them are positive and the other 3 still open. Here my results from 11/11/15 It is daily strategy. Good pips for all. {image}
I assume you are on demo; why not try something like this?

Use a trailing stop, same as your target 10 pips

If it makes 10 pips, same result

If it runs away, much better result, every extra pip counts

Nothing else changes, only opens the door for increase profits, right?

Attached Image (click to enlarge)
Click to Enlarge Name: 11-11-2015 5-26-56 PM.png Size: 112 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,977
  • Nov 11, 2015 1:39am Nov 11, 2015 1:39am
Quoting Erebus
{quote} I assume you are on demo; why not try something like this? Use a trailing stop, same as your target 10 pips If it makes 10 pips, same result If it runs away, much better result, every extra pip counts Nothing else changes, only opens the door for increase profits, right? {image}
Hi Erebus,Looks good your advice, I'm in demo and live too but sounds good to apply it in the next week. I would like test the strategy like robinho says. Do you use the trailing stop in your trades?
  • #1,978
  • Nov 11, 2015 2:23am Nov 11, 2015 2:23am
Quoting Invermac
{quote} Hi Erebus,Looks good your advice, I'm in demo and live too but sounds good to apply it in the next week. I would like test the strategy like robinho says. Do you use the trailing stop in your trades?
Yes, I use the Trailing Stop. this Automatic Stop is one for the best, easy to set

I have other ideas about the Green / Red candles but I better post in that thread.

http://www.forexfactory.com/showthread.php?t=537112
Attached File(s)
File Type: ex4 Automatic stops.ex4   10 KB | 493 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #1,979
  • Nov 29, 2015 11:58am Nov 29, 2015 11:58am
Quoting Invermac
{quote} Hi Erebus,Looks good your advice, I'm in demo and live too but sounds good to apply it in the next week. I would like test the strategy like robinho says. Do you use the trailing stop in your trades?
hi Invermac

I'm still waiting...
Please talk about your strategy
be healthy and wealthy... Ceeport
  • #1,980
  • Dec 1, 2015 12:21pm Dec 1, 2015 12:21pm
The result was not good this month
The method is simple But its not very useful

result = -53
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-12.jpg Size: 208 KB
be healthy and wealthy... Ceeport
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