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Daily green/red candle

  • #2,441
  • Jan 21, 2016 7:53am Jan 21, 2016 7:53am
Quoting Masterrmind
{quote} Nice charts but one more point can be added. Once you understand the entries and the levels then there are the following to be considered: 1. implementing Buy_Limit order and 2. implementing Sell_Limit order Which is usually from the 23.6 Fib (or close to that ratio) which allows for the times when price pulls away from being triggered in the direction of the signal candle and entry is potentially gained on a pullback to the 23.6 Fib. If price keeps pulling back then the stop is relatively small (Dimdel has mentioned this before) but if...
exactly mastermind
  • #2,442
  • Jan 21, 2016 7:55am Jan 21, 2016 7:55am
Quoting dimdel
hi boys and girls i hope all was short, no?
Yes short, I start this week with your system and I made already 50% of my account. Thanks for share.
  • #2,443
  • Jan 21, 2016 8:06am Jan 21, 2016 8:06am
general issue


i want notice something

Mastermind post here a few times and as i see have understand the method
why?
read all the pages? no
well he must study with way / method / patience/ filtering the posts

this must follow and no asking all the time the rules,rules,rules,rules,........................................
all the info are here
please try it

also
Dafa gave with few worlds the 80% of the strategy
well lets see how many others will ask again the rules

of caurse and many other friends get the strategy Slowly, reading and trading , the names are indicative

so trade ,
  • #2,444
  • Jan 21, 2016 8:08am Jan 21, 2016 8:08am
Quoting Coutinho
{quote} Yes short, I start this week with your system and I made already 50% of my account. Thanks for share.

bravo

go on now with less risk for the rest month
  • #2,445
  • Jan 21, 2016 10:52am Jan 21, 2016 10:52am
hi

i dont trade the current candle,
1) is big
2) is correction

but the next ( 20.00-24.00) if is red will be great short opportunity

the EU will stop at 1,055 but need time and of caurse till then will see many up/down

DD
  • #2,446
  • Jan 21, 2016 11:10am Jan 21, 2016 11:10am
Quoting brainanda
{quote} ​Let see this is what happening... (to me at least) Fibo I, 1x TP .23.6% --> 176.4% - TP (though I don't know how the hell I put the TP on 76.4%, I must have been sleeping while doing this then ) Fibo ii, 3x SL .76.4% --> 23.6% - SL .76.4% --> 0% - SL .100.0% --> 0% - SL Fibo iii, 1x TP 2x SL .23.6% --> 176.4% - TP .76.4% --> 23.6% - SL .76.4% --> 0% - SL Fibo iv, 2x SL 1x BE .76.4% --> 23.6% - SL .76.4% --> 0% - SL .23.6% --> 100.0% - BE Fibo v, 3x TP .76.4% --> 23.6% - TP .76.4% --> 0% - TP .100.0% --> 250.0% - TP nb: though...

Hi Brainanda,

Thank you for your explanantions. I have some questions that I would appreciate if you could answer them:

Do you follow the same instructions in your live account Greed/Red rev2?

- Do you apply any other rule to close orders or do you always wait until the order touches TP or SL?
- At what level do you move the SL to BE?
- I can see that today for example you have opened 3 different orders at the same level: 1.0835. What is the reason for opening 3?
- Once you set the pending orders... do you close those orders that do not reach the buy/stop limit in the next candle, or you leave them until they open?

Thanks a lot for your help!
Regards
  • #2,447
  • Jan 21, 2016 11:43am Jan 21, 2016 11:43am
wow just wake up after sleeping and see the chart... that's was a crazy candle one and here I thought I'm gonna die
my patience was paid out, letting many short at a same time...
yay! this week will be green again ^_^, thanks dimdel

Quoting founaud
{quote} Hi Brainanda, Thank you for your explanantions. I have some questions that I would appreciate if you could answer them: Do you follow the same instructions in your live account Greed/Red rev2? - Do you apply any other rule to close orders or do you always wait until the order touches TP or SL? - At what level do you move the SL to BE? - I can see that today for example you have opened 3 different orders at the same level: 1.0835. What is the reason for opening 3? - Once you set the pending orders... do you close those orders that do not...
yep I follow my system. well... it has a little arrangement though, from G/R original
Quote
Do you follow the same instructions in your live account Greed/Red rev2?

nope, I'll let those order playing at the market, will it hit TP / SL, it's up to the market itself
Quote
- Do you apply any other rule to close orders or do you always wait until the order touches TP or SL?

I'm using 176.4 as my BE level point.
but because market sometimes moving violently (USA market time) during midnight (in my local time), I use EA to lock profit, it's like Trailing Stop but only to move SL to BE
Quote
- At what level do you move the SL to BE?

and I here though I've some order at 1.0835, it was the TP point that you're asking? I'm not opening 3 at once, look at the picture below
the first 'two' has placed on Jan 21, at 08PM and kept open from Jan 22, at 00AM until reaching the TP today
the last 'one' has place on latest signal, and it has reach its final point too,
and those are the 3 orders with the same TP (just coincidental the fibo point is next to each other)
Quote
- I can see that today for example you have opened 3 different orders at the same level: 1.0835. What is the reason for opening 3?

I cancel all the untouched stop/limit order if the next candle changes otherwise, I let them open.
if the current candle was Bear, next closed candle was bull, and has some limit/stop untouched, I cancel it, but for the opened order, I'll let them hit TP/SL, because that's the risk
Quote
- Once you set the pending orders... do you close those orders that do not reach the buy/stop limit in the next candle, or you leave them until they open?

sorry if I confuse you
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_iH4.png Size: 117 KB
  • #2,448
  • Jan 21, 2016 7:08pm Jan 21, 2016 7:08pm
Quoting bopuc
Mastermind do you do that for every signal candle ( put stop order on break of the candle and limit order on 23% fib ) or there is a rule when you apply this approach? I understand that this approach will raise RR ratio significantly just have to test and see if it's worth it since drastic drop in win % will follow as well ( just glanced at charts a bit ) since many skipped signal candles ( due to not triggering stop order ) are turned to loss by adding this approach.
No certainly not for every candle but rather selective.
I look at chart structure on the left and at lower TF's so I can make decisions based on mini and major S+R levels.
What I'm looking for is an expectation of price to show signs of breaking down to the downside for a Sell_Limit setup that misses the stop. Opposite case for the Buy_Limit order.

Backtesting can give many examples but no guarantee moving forward.
Likewise for the choice of pair (I also consider other pairs and indices etc) with some more profitable over others for a given period of time which can easily change moving forward.

Ultimately it might be best to apply the basic approach and then later think about adding in the limit orders.

Masterrmind........
Master your Mind then Master your Trades
  • #2,449
  • Jan 21, 2016 7:41pm Jan 21, 2016 7:41pm
Quoting dimdel
{quote} exactly mastermind
Yes Dimdel....

First read, then backrest on chart, draw the fibs with tool, then apply demo or live as the trader wishes.

Forward test it, look at ways to minimise bad trades ... No-one said you have to take every trade setup.

Think long term trader and control risk on each trade to enjoy long time survival in this business.

Yes the method can be improved but this has a lot to do with good awareness of the trader, chart structure, news and other factors especially lot sizing and MM.

Although this is a simple green/red method the trader still needs to apply many hours to improve the overall return and intelligence too.

Special thanks to Dimdel for providing a TE which if you study these trades you will make many more discoveries.

Good trading,

Masterrmind.......
Master your Mind then Master your Trades
  • #2,450
  • Jan 21, 2016 7:48pm Jan 21, 2016 7:48pm
Quoting Masterrmind
{quote} Yes Dimdel.... First read, then backrest on chart, draw the fibs with tool, then apply demo or live as the trader wishes. Forward test it, look at ways to minimise bad trades ... No-one said you have to take every trade setup. Think long term trader and control risk on each trade to enjoy long time survival in this business. Yes the method can be improved but this has a lot to do with good awareness of the trader, chart structure, news and other factors especially lot sizing and MM. Although this is a simple green/red method the trader still...
where I can find a 'Like' button for this post?
  • #2,451
  • Jan 21, 2016 8:20pm Jan 21, 2016 8:20pm
Quoting dafa
{quote} You are right, this feature Dimdel added later but I don't trade it. But it doesn't mean it's bad. Just it needs more time to manage of your active trades and I have no time.;-) Maybe using EA can resolve this..
Hi Dafa,

Exactly right!

The trader must decide if it's worth implementing into the method or not.

If you get it right though the account can grow much faster with only a small additional increase to the applied risk.
If you get it wrong the loss is relatively smaller.

An EA could be coded for sure but from my point of view I like to have control over the trades which would mean constant monitoring of the trades. Useful for entries though and could be tested.

Masterrmind.........
Master your Mind then Master your Trades
  • #2,452
  • Jan 21, 2016 8:23pm Jan 21, 2016 8:23pm
Quoting brainanda
{quote} where I can find a 'Like' button for this post?
Just getting warmed up brainanda with much more that could be said......

Appreciate your kind gesture.....

Masterrmind.......
Master your Mind then Master your Trades
  • #2,453
  • Edited Jan 22, 2016 1:23am Jan 21, 2016 10:04pm | Edited Jan 22, 2016 1:23am
Quoting Masterrmind
{quote} No certainly not for every candle but rather selective. I look at chart structure on the left and at lower TF's so I can make decisions based on mini and major S+R levels. What I'm looking for is an expectation of price to show signs of breaking down to the downside for a Sell_Limit setup that misses the stop. Opposite case for the Buy_Limit order. Backtesting can give many examples but no guarantee moving forward. Likewise for the choice of pair (I also consider other pairs and indices etc) with some more profitable over others for a given...
Mastermind, thank you for elaborating further.
  • #2,454
  • Jan 21, 2016 10:08pm Jan 21, 2016 10:08pm
Quoting Masterrmind
{quote} Hi Dafa, Exactly right! The trader must decide if it's worth implementing into the method or not. If you get it right though the account can grow much faster with only a small additional increase to the applied risk. If you get it wrong the loss is relatively smaller. An EA could be coded for sure but from my point of view I like to have control over the trades which would mean constant monitoring of the trades. Useful for entries though and could be tested. Masterrmind.........
Yeah, I agree with you Mastermind, by taking full-control towards my own trades, this will give me a better understanding for implementation R/G in the market.
How R/G will go when the market doing 'that' and 'this'... Though surely, it's giving me some troublesome, by looking monitor time to time, but it's worth enough
  • #2,455
  • Jan 22, 2016 1:16am Jan 22, 2016 1:16am
hi all

if you see other pair in explorer dont confuse

the main strategy is = GREEN RED / EU / H4

but testing 2 more strategys all together ( with very little lot) to see how the 1 can cover the others loses
will see
  • #2,456
  • Jan 22, 2016 1:25am Jan 22, 2016 1:25am
Quoting dimdel
hi all if you see other pair in explorer dont confuse the main strategy is = GREEN RED / EU / H4 but testing 2 more strategys all together ( with very little lot) to see how the 1 can cover the others loses will see
I'll stay tune to your results dimdel
  • #2,457
  • Jan 22, 2016 1:28am Jan 22, 2016 1:28am
so why i try to find something else while GREEN RED give me till now good results?
just i want make some combination because
i saw the last 2 weeks that something go to change in candle momentum
of caurse the ATR include in each candle but, was the 1st time after 9 months that 2 weeks was so confuse
yes i now , was in range
but if you go back and take 3 diff range area will see good results

so,
i want to put 3 orders with 3 diff strategys
i dont know if is possible to have succes,
i will try ,, so if any idea is wellcome
  • #2,458
  • Edited 12:00pm Jan 23, 2016 11:46am | Edited 12:00pm
Update the last week...
Win trade: 15
Loss trade: 10
BE: 6
======== sum = +
  • #2,459
  • Jan 24, 2016 5:09am Jan 24, 2016 5:09am
Quoting brainanda
wow just wake up after sleeping and see the chart... that's was a crazy candle one and here I thought I'm gonna die my patience was paid out, letting many short at a same time... yay! this week will be green again ^_^, thanks dimdel {quote} yep I follow my system. well... it has a little arrangement though, from G/R original {quote} nope, I'll let those order playing at the market, will it hit TP / SL, it's up to the market itself {quote} I'm using 176.4 as my BE level point. but because market sometimes moving violently (USA market time) during...

Hi Brainanda!

Thanks a lot for your answers. Some more questions about your method just pop up in my head. Would you mind to help me solving them? I'm trying to understand completly your method...

- What is your Money Management? Risk per trade? Number of lots per trade?

- Do you use the information of volumes per candle for taking any opening/closing decission?

- Do you only use technical analysis, or do you apply fundamental analysis to your trading strategy also?

- Do you ever use trending lines, resistances and support for trading?

- I can see that you are opening a second and thrid entry at the same level. Are you using this option?
.Second Entry: @76.4%, TP @176.4%, SL @23.6%
.Third Entry: @76.4%, TP @176.4%, SL @0% (optional)

Thanks a lot... and green pips!!
Regards
  • #2,460
  • Jan 24, 2016 11:48am Jan 24, 2016 11:48am
Quoting founaud
{quote} Hi Brainanda! Thanks a lot for your answers. Some more questions about your method just pop up in my head. Would you mind to help me solving them? I'm trying to understand completly your method... - What is your Money Management? Risk per trade? Number of lots per trade? - Do you use the information of volumes per candle for taking any opening/closing decission? - Do you only use technical analysis, or do you apply fundamental analysis to your trading strategy also? - Do you ever use trending lines, resistances and support for trading? -...

well, because I haven't high balance yet, I don't really know yet about lot/trade, but I think, yeah just I think about using 0.01lot (standard account) in every trade if your balance under $200, 0.02lot for the balance under $400, yep maybe that's it. my presumption is trading in safe zone if you has a thousand margin level. I have yet a bad month, so I don't really know the real MM/Risk, but for now, this is the most safe MM I ever use.
Quote
- What is your Money Management? Risk per trade? Number of lots per trade?

nope.
Quote
- Do you use the information of volumes per candle for taking any opening/closing decision?

nope. I'm only using fibo as my technical analysis, because I trade on momentum, just as someone said before "R/G is using price momentum", no other indies and even price action.
Quote
- Do you only use technical analysis, or do you apply fundamental analysis to your trading strategy also?

if you ever see my post here and find any 'trendline' there, it just 'a decoration' , I can't say I'm using SnR or not, but hmm... my trades doesn't care about SnR, but my mental and my mind's caring SnR too much , confused don't ya?
Quote
- Do you ever use trending lines, resistances and support for trading?

yep, though just as I write, second entry is optional. There's some month that 'second entry' has more profit instead 'third entry', and so the opposites. if comparing to original R/G, I'm using 76.4 as my double entry when the first original (I think) using 100% as the double entry
Quote
- I can see that you are opening a second and thrid entry at the same level. Are you using this option?
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