nice idea, i will test it, thanks bro 
Tony's Two Candle trading system
- #462
- Oct 27, 2017 8:48am Oct 27, 2017 8:48am
{quote} Hey, have a look at the image. In that you can see a color coded system that shows the price action on a minute-by-minute basis, so you can know how good the trade is currently. You can also see the hourly candle inside the 1minute chart and i have installed an indicator where you can see horizontal levels 20pips away from each other which you can use for ideal take profit levels n stuff. More information is more money isn't it
Keep your losses small (first of all, do no harm
) and move on to the next trade when price goes about 8-10 pips against you seems like a good rule of thumb here. Cheers!
95% of the people don't believe 100% they can win, that's why they lose
He also mentions using volume with choppiness. I use the better volume indicator (attached below) because I can put it right into the Choppiness Index window.
Better Volume colors are the following:
Blue -- normal volume
Yellow -- low volume
Green -- large volume by hedge funds opening or closing -- maybe a change in direction coming (I change this color to white)
Red -- large amount of buyers over sellers -- will most likely change to bullish (I change this color to lime-- to me green means up)
White -- large amount of sellers over buyers -- will most likely change to bearish (I change this color to red -- to me red means down)
Better Volume colors are the following:
Blue -- normal volume
Yellow -- low volume
Green -- large volume by hedge funds opening or closing -- maybe a change in direction coming (I change this color to white)
Red -- large amount of buyers over sellers -- will most likely change to bullish (I change this color to lime-- to me green means up)
White -- large amount of sellers over buyers -- will most likely change to bearish (I change this color to red -- to me red means down)
- #469
- Last Post: Jun 10, 2020 2:44am Jun 10, 2020 2:44am
- | Joined May 2020 | Status: Trader | 8 Posts
He also mentions using volume with choppiness. I use the better volume indicator (attached below) because I can put it right into the Choppiness Index window. Better Volume colors are the following: Blue -- normal volume Yellow -- low volume Green -- large volume by hedge funds opening or closing -- maybe a change in direction coming (I change this color to white) Red -- large amount of buyers over sellers -- will most likely change to bullish (I change this color to lime-- to me green means up) White -- large amount of sellers over buyers -- will...
