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  • #241
  • Apr 27, 2016 11:09am Apr 27, 2016 11:09am
Quoting sylbolid
{quote} Ok thanks for the coming update! I like so much this strategy, I hope this thread continues, I learn a lot!How long have you been using this strategy? You seem to have a lot of knowledge!
Not to be rude but all of your questions have been previously answered.
  • #242
  • Apr 27, 2016 11:14am Apr 27, 2016 11:14am
Quoting Winston Reed
{quote} Not to be rude but all of your questions have been previously answered.
Ok, maybe i miss them, no problem!
  • #243
  • Apr 27, 2016 11:48am Apr 27, 2016 11:48am
Hi Winston,

one question, look at gbpusd, the weekly candle is going above our resistance zone and is approaching the next resistance zone. Generally speaking, if the price acts like in this case, you look for a setup in the next resistance zone, or once the price validate the "original" BeLBC, you don't look for the next resistance zone?

I hope i could explain my question, english is not my mother language,

Syl
Attached Image (click to enlarge)
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  • #244
  • Apr 27, 2016 12:10pm Apr 27, 2016 12:10pm
Quoting sylbolid
Hi Winston, one question, look at gbpusd, the weekly candle is going above our resistance zone and is approaching the next resistance zone. Generally speaking, if the price acts like in this case, you look for a setup in the next resistance zone, or once the price validate the "original" BeLBC, you don't look for the next resistance zone? I hope i could explain my question, english is not my mother language, Syl {image}
This is my GBPUSD weekly.
Attached Image (click to enlarge)
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  • #245
  • Apr 27, 2016 12:17pm Apr 27, 2016 12:17pm
Quoting Winston Reed
{quote} This is my GBPUSD weekly. {image}
Ok, thanks! I made a mistake on my weekly BeLBC!
  • #246
  • Apr 28, 2016 1:46am Apr 28, 2016 1:46am
Hello,

gbpusd got triggered with sell stop on demo account.
Attached Image(s) (click to enlarge)
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  • #247
  • Apr 28, 2016 11:27am Apr 28, 2016 11:27am
GBPUSD still in play. Winston, are you in some trade?
Attached Image (click to enlarge)
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  • #248
  • Apr 28, 2016 1:45pm Apr 28, 2016 1:45pm
Quoting sylbolid
GBPUSD still in play. Winston, are you in some trade? {image}
Yesterday's candle was a high wave spinning top and IMHO not enough to trigger a sell. I'm flat and will stay that way until Monday.
  • #249
  • Apr 28, 2016 2:12pm Apr 28, 2016 2:12pm
Quoting Winston Reed
{quote} Yesterday's candle was a high wave spinning top and IMHO not enough to trigger a sell. I'm flat and will stay that way until Monday.
Yes, an inside out trading would be better with that long bullish candle!
  • #250
  • Apr 28, 2016 8:19pm Apr 28, 2016 8:19pm
Here's a preview of new things to come. Nothing too dramatic. Just trading daily/H4 like weekly/daily.

Attached Image (click to enlarge)
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  • #251
  • Edited 9:36pm Apr 28, 2016 8:57pm | Edited 9:36pm
Thanks Winston, for the insight
Been following this thread since the beginning, apply/studying it on major pairs and execute 2-3 live trades (mini-tiny lots) on real account.
Must admit that i like the color selection (bull=black, bear=read) although hate it at the beginning.
This is the way I do my chart
thickest unfilled) rectangle line = monthly LBC
filled rectangle = weekly LBC
thin(unfilled) rectangle line = daily LBC
thin (unfilled) dottedd rectangle line = H4
so that i aware where are the mthly,weekly, daily & H4 LBCs are, without need to switch at different frames.
My primary compass is the the weekly LBC and entry criteria based on D1/H4 candle pattern.
Agree that trading higher TF is less stressful
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 20 KB
an attempt of compounding, from USD50+25bonus until ....burnout..haha
  • #252
  • Apr 29, 2016 1:04am Apr 29, 2016 1:04am
Quoting Winston Reed
Here's a preview of new things to come. Nothing too dramatic. Just trading daily/H4 like weekly/daily. {image}
Hi Winston,

do you trade EURAUD too? I am sure in one your post you made a "list" with the pair you trade and EURAUD was not there. Maybe you added it because you removed jpy pairs?

Thanks,
SYl
  • #253
  • Apr 29, 2016 1:04am Apr 29, 2016 1:04am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #254
  • Apr 29, 2016 1:32am Apr 29, 2016 1:32am
Hi Winston,

another question, today is friday and you don't trade, ok, but if it would be tuersday, would you take this trade?
Attached Image (click to enlarge)
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  • #255
  • Apr 29, 2016 10:24am Apr 29, 2016 10:24am
SL hit
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  • #256
  • Apr 29, 2016 10:25am Apr 29, 2016 10:25am
Closed my UCHF sell for 90+80pips (trade duration = 3 days, opened after FOMC wed).
Tq Winston for the sharing
Done for this week
Attached Image (click to enlarge)
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an attempt of compounding, from USD50+25bonus until ....burnout..haha
  • #257
  • Apr 29, 2016 10:50am Apr 29, 2016 10:50am
Quoting sylbolid
SL hit {image}
Why did you sell that bar?

Quoting sylbolid
SL hit {image}
Also, paint your candle properly.

If you instinctively thought about being the black vs. being in the red, that may have saved you.
If you are good at something, never do it for free--Joker
  • #258
  • Apr 29, 2016 1:02pm Apr 29, 2016 1:02pm
I have been demoing this for 2 weeks 6 trades 3 losses 3 wins. With one 1 trade 1R, 1 trade 9R and another min 4R.
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  • #259
  • Apr 29, 2016 2:38pm Apr 29, 2016 2:38pm
Quoting sylbolid (http://www.forexfactory.com/showthread.php?p=8900473#post8900473)
SL hit
EURAUD

Sell was not on due to Bullish Pinbar/Inside bar, IMHO price action confirmed a continuation not a Reversal.
  • #260
  • Apr 29, 2016 6:49pm Apr 29, 2016 6:49pm
Quoting earlroy63
Quoting sylbolid (http://www.forexfactory.com/showthread.php?p=8900473#post8900473) SL hit EURAUD Sell was not on due to Bullish Pinbar/Inside bar, IMHO price action confirmed a continuation not a Reversal.
Hanging man is a bearish reversal signal but it does require confirmation. In this case there was no confirmation. Lesson learned.

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