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Highest Open / Lowest Open Trade

  • #2,901
  • Jul 4, 2016 9:59am Jul 4, 2016 9:59am
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Are you counting candle colors in a row?

When the highest green in a row count is 2, what is the market telling you?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,902
  • Jul 4, 2016 10:01am Jul 4, 2016 10:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,903
  • Jul 4, 2016 10:06am Jul 4, 2016 10:06am
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All conditions satisfied for entry.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,904
  • Jul 4, 2016 10:09am Jul 4, 2016 10:09am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,905
  • Jul 4, 2016 10:10am Jul 4, 2016 10:10am
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Count candles.
M15 - 2 green in a row.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,906
  • Jul 4, 2016 10:13am Jul 4, 2016 10:13am
Hello TooSlow

About counting candles: which time frame are you referring?
You'll count different in a row same color candles depending by your chart TF.

When the highest green in a row count is 2, what is the market telling you?
I don't know what the market is telling me because I do not have enough trading experience to understand that.
could you please advise so the newbie can learn with your help.

Thanks
Merka
  • #2,907
  • Jul 4, 2016 10:14am Jul 4, 2016 10:14am
Quoting MichaelG
{quote} Hi skljsklj1, can you please tell me .... what was your trade entry price of the trade. what was your stop loss price you had set for the trade. Thankyou
Entry price is 0.072098
SL is 0.72153

Thank you.
  • #2,908
  • Jul 4, 2016 10:17am Jul 4, 2016 10:17am
Quoting Merka
Hello TooSlow About counting candles: which time frame are you referring? You'll count different in a row same color candles depending by your chart TF. When the highest green in a row count is 2, what is the market telling you? I don't know what the market is telling me because I do not have enough trading experience to understand that. could you please advise so the newbie can learn with your help. Thanks Merka

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The market is telling you do not expect 3 green in a row.
When 3 in a row happens, the market is telling you things have changed for the moment.
Count the candles on all the time frames.
Gives you something to do while you are waiting.

Counting candle colors in a row is simple to do.
It is so simple most traders ignore it.
Do not underestimate the value of this simple exercise.

On a piece of paper:


M1 3g
M5 2g
M15 2g
M30 1g
H1 1g
H4 6r
D1 5r
W1 2r
MN 2r

3G = 3 green in a row
2R = 2 red in a row.

Keep track.
Simple to do.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,909
  • Jul 4, 2016 10:17am Jul 4, 2016 10:17am
Quoting hornet
{quote} spread maybe?
Yes, I think too.
But, I think SL need to be hit with BID price, not ASK..? SL is hit with ASK price, this is reason why I dont se candle which hit SL.
I didnt know that SL can be hit with ASK.
P.S. I am newbie
  • #2,910
  • Jul 4, 2016 10:25am Jul 4, 2016 10:25am
Hi Classy.
Haven't seen you in a while.
Check your PM.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,911
  • Jul 4, 2016 10:32am Jul 4, 2016 10:32am
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The market told you not to expect 3 green M15 candles in a row.
The price did not go higher than Bar[2] high.
When price does not go higher, it must go lower.
When price does not go lower, it must go higher.
When dancing with the market, the market always leads.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,912
  • Jul 4, 2016 10:45am Jul 4, 2016 10:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,913
  • Jul 4, 2016 11:01am Jul 4, 2016 11:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,914
  • Jul 4, 2016 11:03am Jul 4, 2016 11:03am
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How many green H1 bars in a row is the market telling you to expect?
What is the most number of green H1 bars in a row is the market telling you to expect?
What is the most number of green H1 bars in a row is the market telling you to expect today?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,915
  • Jul 4, 2016 11:21am Jul 4, 2016 11:21am
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Candle count?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,916
  • Jul 4, 2016 11:30am Jul 4, 2016 11:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,917
  • Jul 4, 2016 11:45am Jul 4, 2016 11:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,918
  • Jul 4, 2016 12:01pm Jul 4, 2016 12:01pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,919
  • Jul 4, 2016 12:42pm Jul 4, 2016 12:42pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,920
  • Jul 4, 2016 12:46pm Jul 4, 2016 12:46pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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