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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #1,841
  • Nov 11, 2015 3:24am Nov 11, 2015 3:24am
Quoting shahed58
{quote} hi Erebus Your accuracy Is admirable.
Thanks for your support

Yes, I read many times "the close is the most important price"

But then price runs away very fast from that close ---- in the other direction ???

Why is that, I wonder, wasn't it a very important price?

It takes a lot for me to IGNORE you, but you can try.
  • #1,842
  • Nov 11, 2015 3:35am Nov 11, 2015 3:35am
Quoting Erebus
{quote} I'm not saying I am right No one is asking you to change anything But not everyone can follow your ideas exactly I'm just making a few observations of PRICE ACTION It might help somebody
you are wellcome erebus
anyone can help is wellcome
specially you with the greek nickname
  • #1,843
  • Nov 11, 2015 4:10am Nov 11, 2015 4:10am
@Erebus, london open is quite a different strategy I think. It is viable in my opinion, I am currently trading it, but daily first new candle is somewhat separate for me.
  • #1,844
  • Nov 11, 2015 4:55am Nov 11, 2015 4:55am
Quoting Plague
@Erebus, london open is quite a different strategy I think. It is viable in my opinion, I am currently trading it, but daily first new candle is somewhat separate for me.
Yes, agree, London open range is a strategy by itself

What I am investigating is, where is the London open from the daily open? Above or below?

Is it in the direction of the same color candle that needs to be traded?

What is the price action on 4H and 1H charts?

Is there room to take a trade?

Stuff like that; not just set a pending order on every candle - an EA can do that for you on every pair but does it profit?
It takes a lot for me to IGNORE you, but you can try.
  • #1,845
  • Nov 11, 2015 5:32am Nov 11, 2015 5:32am
Quoting Erebus
{quote} Yes, agree, London open range is a strategy by itself What I am investigating is, where is the London open from the daily open? Above or below? Is it in the direction of the same color candle that needs to be traded? What is the price action on 4H and 1H charts? Is there room to take a trade? Stuff like that; not just set a pending order on every candle - an EA can do that for you on every pair but does it profit?
hi Erebus
please explain this by picture ( What is the price action on 4H and 1H charts? )

thanks
be healthy and wealthy... Ceeport
  • #1,846
  • Nov 11, 2015 8:00am Nov 11, 2015 8:00am
hit sl (BE)

Attached Image (click to enlarge)
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  • #1,847
  • Nov 11, 2015 1:33pm Nov 11, 2015 1:33pm
Quoting shahed58
{quote} hi Erebus please explain this by picture ( What is the price action on 4H and 1H charts? ) thanks
Price Action is what is the PRICE doing?

Above or below 20 EMA?

Impulsive or corrective move?

Volatile or non-volatile?

See the pictures, 4 hour, then zoom in to 1 hour
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12-11-2015 5-27-07 AM.png Size: 47 KB
Click to Enlarge Name: 12-11-2015 5-31-05 AM.png Size: 69 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,848
  • Nov 11, 2015 2:07pm Nov 11, 2015 2:07pm
Quoting Erebus
{quote} Price Action is what is the PRICE doing? Above or below 20 EMA? Impulsive or corrective move? Volatile or non-volatile? See the pictures, 4 hour, then zoom in to 1 hour {image} {image}
hi Erebus
Thank you for your good comments & picture
be healthy and wealthy... Ceeport
  • #1,849
  • Nov 11, 2015 4:06pm Nov 11, 2015 4:06pm
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  • #1,850
  • Nov 12, 2015 12:05am Nov 12, 2015 12:05am
goodmorning

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  • #1,851
  • Nov 12, 2015 1:15am Nov 12, 2015 1:15am
Attached Image (click to enlarge)
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  • #1,852
  • Nov 12, 2015 2:48am Nov 12, 2015 2:48am
if we make focus in H4
WE HAVE A SMALL RANGE AREA

but the green red work good in range

i will see it again at 16,00
till then good day

Attached Image (click to enlarge)
Click to Enlarge Name: EU4.png Size: 53 KB
  • #1,853
  • Nov 12, 2015 3:56am Nov 12, 2015 3:56am
You are making good progress Dimdel.

to day it has hit SL for me on EU D1
  • #1,854
  • Nov 12, 2015 6:22am Nov 12, 2015 6:22am
who use green red in H4?
please email me your results
thanks
  • #1,855
  • Edited 7:51am Nov 12, 2015 7:38am | Edited 7:51am
Quoting simplecoders
You are making good progress Dimdel. to day it has hit SL for me on EU D1
hi simplecodders

dont worry if you lose some trades
if use daily then 6-8 signals the month
and noone month negative
i mean if your trades lose=win then you are winner because ( 1 sl / 2 tp )
if you have 10 .lose and 5 win = then you are 0
but i havent find a month like this

anyway
daily 5-8 signals / month
h4 20-30 signals / month

you must find a month that the loses are > win trades, then we have problem
in EU only
  • #1,856
  • Nov 12, 2015 8:03am Nov 12, 2015 8:03am
Attached Image (click to enlarge)
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  • #1,857
  • Edited 8:38am Nov 12, 2015 8:27am | Edited 8:38am
thank you dimdel,
yes I use the 4hrs strategy but I synchronize with the DO lines and I use a MTF sto for the confirmation. I use also the M-candle indicator on the 1hr chart ( adjust to see the 4hrs movement big Red and Green candle).

the red line was the input to the market... you can observe.... I go out early... snif snif... for some personnal reasons ... my daily target was reach...

look the pictures

I know it is different from original stategy but it is work for me...


Have a nice day and please continue your good work

finaly i use the GWF principle: go with the flow.... or if you won Price action...

Liberty 55
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GPBNZD_4HRS_2015-11-12.PNG Size: 100 KB
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  • #1,858
  • Nov 12, 2015 9:53am Nov 12, 2015 9:53am
Hey, looks really interesting but i got a problem. How can i configure the Fibo Levels and get the same like you? :o
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #1,859
  • Nov 12, 2015 10:03am Nov 12, 2015 10:03am
Quoting liberty55
thank you dimdel, yes I use the 4hrs strategy but I synchronize with the DO lines and I use a MTF sto for the confirmation. I use also the M-candle indicator on the 1hr chart ( adjust to see the 4hrs movement big Red and Green candle). the red line was the input to the market... you can observe.... I go out early... snif snif... for some personnal reasons ... my daily target was reach... look the pictures I know it is different from original stategy but it is work for me... Have a nice day and please continue your good work finaly i use the GWF...
hi liberty55
bravo for your try
its ok if your chart work to you

i will check it

thanks
  • #1,860
  • Nov 12, 2015 10:06am Nov 12, 2015 10:06am
ok hit TP

so now i will see it at 24,00 in new color

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 40 KB
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