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Let's Make 20pips - Simple System

  • #41
  • Jun 24, 2016 7:40am Jun 24, 2016 7:40am
Short NZDJPY 1 HOUR
Attached Image
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #42
  • Jun 24, 2016 8:40am Jun 24, 2016 8:40am
Quoting ooLah
{quote} Hi kilion, We are watching price reaction at the CLOSE PRICE OF the bar.... A bar with that closes with a bullish body, closes higher than the open price. So if, we see price action following that close, showing a close below that bar's close price and then a spike up to or near the bar's close price, that fails to close above that close price, we assume weakness at that close price and go short.
This would be ok if there was any significance to the close of a bar; which there isn't.

The market doesn't stop and take account of itself at the end of a bar and then resume. I'll prove it to you......

Find what you believe to be a significant 'next candle open/close' on the H4 time frame. Mark it.

Now go to the Daily or any other time frame. Where's your significant open/close now? Exactly!...... Lost inside a larger candle and not relevant at all. John Bollinger says something very similar in one of his webinars, and has even programmed candlesticks with no wicks (just the body) as he feels, as I do, that the open/close thing is just a distraction.

There is no significance to a candle open/close, try a line chart for a while to wean yourself off candlesticks or at least to test if I'm on to something here.

As always, feel free to disagree.
  • #43
  • Jun 24, 2016 2:35pm Jun 24, 2016 2:35pm
Quote
There is no significance to a candle open/close


It's a convenient reference point for making a trading decision, like a trendline cross
  • #44
  • Jun 24, 2016 4:20pm Jun 24, 2016 4:20pm
hello

can you help me
i found a good indicatore but get error:
2016.06.24 23:11:29.999 #Momentum onChartSignals Indicator v1.0 EURUSD,H1: zero divide in '#Momentum onChartSignals Indicator v1.0.mq4' (129,46)


for mt4 971


your help is much appreciated

thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screen2016.06.24 23_59.gif Size: 17 KB
Attached File(s)
File Type: mq4 #Momentum onChartSignals Indicator v1.0.mq4   7 KB | 450 downloads
File Type: mq4 #Momentum onChartSignals Indicator v2.0 Not Repaint.mq4   7 KB | 691 downloads
  • #45
  • Jun 25, 2016 7:33am Jun 25, 2016 7:33am
Good Morning All,

I was working and just able to see all messages. Again, I am NOT recommending taking these trades on any time frame lower than 4hour. 4hour and Daily are best.
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #46
  • Jun 25, 2016 7:34am Jun 25, 2016 7:34am
Quoting tito78
hello can you help me i found a good indicatore but get error: 2016.06.24 23:11:29.999 #Momentum onChartSignals Indicator v1.0 EURUSD,H1: zero divide in '#Momentum onChartSignals Indicator v1.0.mq4' (129,46) for mt4 971 your help is much appreciated thank you {image} {file} {file}
Nice tito78! Only problem is I don't code. Could a coder help?
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #47
  • Jun 27, 2016 6:21am Jun 27, 2016 6:21am
LONG EURUSD 4HOUR
Attached Image
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #48
  • Jun 27, 2016 6:33am Jun 27, 2016 6:33am
Long eurjpy 4hour aggressive
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Time it carefully, Plan it thoroughly, Trade it confidently!
  • #49
  • Jun 27, 2016 6:33am Jun 27, 2016 6:33am
Long audusd 4hour aggressive
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Time it carefully, Plan it thoroughly, Trade it confidently!
  • #50
  • Jun 27, 2016 6:35am Jun 27, 2016 6:35am
Long nzdusd 4hour aggressive
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Time it carefully, Plan it thoroughly, Trade it confidently!
  • #51
  • Jun 27, 2016 6:38am Jun 27, 2016 6:38am
Long nzdjpy 4hour aggressive
Attached Image
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #52
  • Jun 27, 2016 8:27am Jun 27, 2016 8:27am
Quoting ooLah
Long nzdjpy 4hour aggressive {image}
oolah, thank you for sharing. In your chart above, was the sell also valid with the green candle bar rejected by the two bars(in arrow)? Thanks!
Attached Image
  • #53
  • Jun 27, 2016 12:46pm Jun 27, 2016 12:46pm
Quoting mario777
{quote} oolah, thank you for sharing. In your chart above, was the sell also valid with the green candle bar rejected by the two bars(in arrow)? Thanks! {image}
yes it was mario777!
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #54
  • Jun 29, 2016 4:14pm Jun 29, 2016 4:14pm
i follow you
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 - RoboForex EU.png Size: 14 KB
  • #55
  • Jun 30, 2016 10:21pm Jun 30, 2016 10:21pm
Quoting ooLah
{quote} yes it was mario777!
Thx!!!! this trading system is really nice! I made 200pips this week! win rate more than 80%!
  • #56
  • Jul 17, 2016 8:55am Jul 17, 2016 8:55am
So sorry folks. I have been locked into work for the past 2 1/2 weeks. Glad to hear you are making pips. Hope to have some time this week.
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #57
  • Jul 17, 2016 9:51am Jul 17, 2016 9:51am
Very nice system . Bravo !!
  • #58
  • Jul 17, 2016 10:41am Jul 17, 2016 10:41am
Quoting fskliris
Very nice system . Bravo !!
Thanks fskliris!
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #59
  • Jul 18, 2016 7:35pm Jul 18, 2016 7:35pm
thanks sir, it works perfect in >H1 timeframe to get around 10-20 pips
and fractal helps alot
however it will not earn more than 2 pips in <M30 timeframe
and this method is not sideways friendly AFAIK
overall, nice share sir
  • #60
  • Jul 19, 2016 8:41am Jul 19, 2016 8:41am
Quoting t0mz
thanks sir, it works perfect in >H1 timeframe to get around 10-20 pips and fractal helps alot however it will not earn more than 2 pips in <M30 timeframe and this method is not sideways friendly AFAIK overall, nice share sir
Thanks t0mz! I tend to stick to the H4 and daily trading the method. I have not spent much time on h1 with it.
Time it carefully, Plan it thoroughly, Trade it confidently!
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