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Attachments: Daily green/red candle
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Daily green/red candle

  • #3,121
  • Sep 22, 2016 12:12pm Sep 22, 2016 12:12pm
Quoting dimdel
{quote} hi mhingarola i am the only one with greenred system but its ok , i insist.....
Hi Dimdel,
great, it would be awesome if you share charts often. You are sharing now, which is highly appreciated.

Thanks
  • #3,122
  • Edited 3:08pm Sep 22, 2016 1:43pm | Edited 3:08pm
Quoting dimdel
this week GJ till now {image}
Hi Dimdel,

I thought the original rules stated there must be a green bar before a red bar to set up for selling. So, why did you post the GJ chart that does not follow this rule?

Nevermind. I checked post #1 again and see
For D1, trade every candle.
For H4, trade every candle OR trade only on color change.
To free Gazans of Hamas, use whatever it takes.
  • #3,123
  • Sep 22, 2016 2:57pm Sep 22, 2016 2:57pm
Hello dimdel

Could you please explain clearly the entry rules for green/red strategy in post#1 (I highlighted in red where I'm confused)?

1) Do you enter on every candle or just when there is a candle change?
2) If the new candle open at middle of the previous candle what do you do?
3) when you wait for new signal?
4) etc...

I understand the pending long/short on the high/low of the previous candle and the TP but I'm really confused about your entry rules.

Thanks
Merka
Attached Image
  • #3,124
  • Sep 22, 2016 3:25pm Sep 22, 2016 3:25pm
Quoting Merka
Hello dimdel Could you please explain clearly the entry rules for green/red strategy in post#1 (I highlighted in red where I'm confused)? 1) Do you enter on every candle or just when there is a candle change? 2) If the new candle open at middle of the previous candle what do you do? 3) when you wait for new signal? 4) etc... I understand the pending long/short on the high/low of the previous candle and the TP but I'm really confused about your entry rules. Thanks Merka {image}
Merka,
1. On D1, use every candle. On H4, use every candle OR only color change, whichever you prefer.
2. It does not matter if the open is in the middle of the candle. You wait to see if it breaks the high or low of the closed candle. If the setup is for buying, you place a buy stop at the high of the closed candle. If the setup is for selling, place a sell stop at the low of the closed candle.
3. If the setup is for buying but the low of the closed candle is broken, you wait for a new signal. If the setup is for selling but the high of the closed candle is broken, you wait for a new signal. If price does not break the closed candle to trigger either a buy or sell before the current candle closes, you look for a new signal.
4. If the new candle opens higher than the high of the closed candle, immediately place a market buy. If the new candle opens lower than the low of the closed candle, immediately place a market sell.
To free Gazans of Hamas, use whatever it takes.
  • #3,125
  • Edited 5:08pm Sep 22, 2016 4:52pm | Edited 5:08pm
Quoting DrDave
{quote} Merka, 1. On D1, use every candle. On H4, use every candle OR only color change, whichever you prefer. 2. It does not matter if the open is in the middle of the candle. You wait to see if it breaks the high or low of the closed candle. If the setup is for buying, you place a buy stop at the high of the closed candle. If the setup is for selling, place a sell stop at the low of the closed candle. 3. If the setup is for buying but the low of the closed candle is broken, you wait for a new signal. If the setup is for selling[/highlight]...
Thanks DrDave
Your explanation is almost clear to me but I didn't understand the highlighted sentence at point 3 specially where you say "... the low of the closed candle is broken ..... the high of the closed candle is broken".
Do you mean what I shown in the EUR/USD chart at 05/08/2016 where the bearish candle is a sell set-up but also is breaking the high of the previous candle?

Thanks
Merka
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD 05_08_2016 sell set-up with high broken.png Size: 61 KB
  • #3,126
  • Edited 7:55pm Sep 22, 2016 6:06pm | Edited 7:55pm
Quoting dimdel
{quote} give example
Hi, I got it now, from what DrDave said trade every candle in daily or trade every or when color change, so do you stick, ao until now do you still stick with 6 pairs, or depend on the situation of the market


I going to try it for 1 month and give you the result, thanks
  • #3,127
  • Sep 22, 2016 7:54pm Sep 22, 2016 7:54pm
Quoting Merka
{quote} Thanks DrDave Your explanation is almost clear to me but I didn't understand the highlighted sentence at point 3 specially where you say "... the low of the closed candle is broken ..... the high of the closed candle is broken". Do you mean what I shown in the EUR/USD chart at 05/08/2016 where the bearish candle is a sell set-up but also is breaking the high of the previous candle? Thanks Merka {image}
Here are my poor drawing when Im going for work for DrDave explanation, the first situation is when the candle is green and it close in the middle, you must place the pending on the top of the candle, however the price does not reach and drop and close in
Red, so buy stop does not trigger

Second situation is just the opposite where the close candle is red and you sell stop at the bottom but the price went up so the sell stop does not trigger

The last is when you place the stop either side depend on the close candle color but the place does not move much for thr trigger

Hope this help you before someone forward come to help
Attached Image (click to enlarge)
Click to Enlarge Name: Note092316_0(1).jpg Size: 411 KB
  • #3,128
  • Sep 22, 2016 11:52pm Sep 22, 2016 11:52pm
Quoting DrDave
{quote} Merka, 1. On D1, use every candle. On H4, use every candle OR only color change, whichever you prefer. 2. It does not matter if the open is in the middle of the candle. You wait to see if it breaks the high or low of the closed candle. If the setup is for buying, you place a buy stop at the high of the closed candle. If the setup is for selling, place a sell stop at the low of the closed candle. 3. If the setup is for buying but the low of the closed candle is broken, you wait for a new signal. If the setup is for selling but the high of...
right Dave

thanks for the help
  • #3,129
  • Sep 22, 2016 11:55pm Sep 22, 2016 11:55pm
Quoting Ineclipse
{quote} Here are my poor drawing when Im going for work for DrDave explanation, the first situation is when the candle is green and it close in the middle, you must place the pending on the top of the candle, however the price does not reach and drop and close in Red, so buy stop does not trigger Second situation is just the opposite where the close candle is red and you sell stop at the bottom but the price went up so the sell stop does not trigger The last is when you place the stop either side depend on the close candle color but the place does...
you are the new PICASO
i will buy your 1st work
  • #3,130
  • Sep 23, 2016 12:12am Sep 23, 2016 12:12am
Attached Image (click to enlarge)
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  • #3,131
  • Sep 23, 2016 1:18am Sep 23, 2016 1:18am
Quoting dimdel
{quote} you are the new PICASO i will buy your 1st work
THAT was his first work ! Now you owe him 10 Euros.
To free Gazans of Hamas, use whatever it takes.
  • #3,132
  • Sep 23, 2016 1:35am Sep 23, 2016 1:35am
Long On EURNZD 4 H, We also had a daily Color Change on this one yesterday. The high of the setup bar was broken when i saw this one, but price pulled back below the high to trade to the mid point of the set up bar. When price takes out the high again, i'll be in this one
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 16 KB
  • #3,133
  • Sep 23, 2016 1:39am Sep 23, 2016 1:39am
Quoting Mhingarola
Here is a Short Sell initiated on NZDCAD {image}
Update on NZDCAD, trade developing nicely. Booked First profit, trailing final position down.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.png Size: 19 KB
  • #3,134
  • Sep 23, 2016 2:00am Sep 23, 2016 2:00am
Quoting Mhingarola
Long On EURNZD 4 H, We also had a daily Color Change on this one yesterday. The high of the setup bar was broken when i saw this one, but price pulled back below the high to trade to the mid point of the set up bar. When price takes out the high again, i'll be in this one {image}
yes is right
can give profit
  • #3,135
  • Sep 23, 2016 3:01am Sep 23, 2016 3:01am
Quoting dimdel
{quote} yes is right can give profit
I'm now long EURNZD, booked first profit. Now in trade management mode
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 16 KB
  • #3,136
  • Sep 23, 2016 3:03am Sep 23, 2016 3:03am
Quoting Mhingarola
{quote} I'm now long EURNZD, booked first profit. Now in trade management mode {image}
Wrong Screen Short. Here is updated screen short
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 15 KB
  • #3,137
  • Sep 23, 2016 3:36am Sep 23, 2016 3:36am
GY 4HR First Trade today. Winner

DD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 148 KB
  • #3,138
  • Sep 23, 2016 4:50am Sep 23, 2016 4:50am
Quoting Dildubai
GY 4HR First Trade today. Winner DD {image}
Great trade Dildubai
  • #3,139
  • Edited 6:34am Sep 23, 2016 6:22am | Edited 6:34am
Has anyone considered to use a daily chart with Europe open as bar open instead of broker server open?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 133 KB
  • #3,140
  • Sep 23, 2016 6:34am Sep 23, 2016 6:34am
Just open the account will try the real next week

Hope we could recieve the green pips together


Thanks all to share the knowledge and example
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