It is a valid entry according to this strategy but until now it is generating a loss

A simple strategy with no indicators

One pip can make the difference. So if you were going long and the signal candle's body is more than the body of any of the 2 previous candles by only 1 pip, then it is a valid criteria. The close must be higher for a signal candle than the close of ...

A simple strategy with no indicators

I know people set their targets and stop losses differently than this one in general but for me the psychological levels for this particular strategy serve me well. And at the end, you set your stop losses according to your risk tolerance regardless ...

A simple strategy with no indicators

The target was hit which generated 51 pips in profit

Daily Charts

Yes this a valid setup as per this strategy. The SL is too small indeed. But I would take the risk and trade it. You may set your stop loss higher @ 1.5250. That is entirely your decision. But remember to always and always set your stop losses no ...

A simple strategy with no indicators

no wicks...just the body which is the distance between open and close. If it is a doji then there is no body because the open would be the close itself. As long as there is a "difference" between open and close, then there is a body.. Yes there are ...

A simple strategy with no indicators

It is a valid set-up but resulted in a loss had you waited till the close of the candle. However, if you set up the target at the psychological level 88.50, you would have won the trade despite it closed bearish. Thanks for your input

A simple strategy with no indicators

Just to let everyone know that I use real money with my strategy: url

A simple strategy with no indicators

Today I am selling EURJPY @ 111.01 and have set my target @ 110.5. My stop loss is set @ 112

Daily Charts

I also invite you to count how many winners and losers in the attached chart

A simple strategy with no indicators

Yes they are all valid signals according to this strategy

A simple strategy with no indicators

I suggest to aim for the "next" psychological level if you want to play it safe. So if you went short @ 1.3289 , aim for 1.3250 instead of 1.3200

A simple strategy with no indicators

You are welcome

A simple strategy with no indicators

Sorry to hear that.. Did you set your target and stop losses, or did you just wait till the close of the trading candle?

A simple strategy with no indicators

It generally works on all pairs. But as I said before, I am more cautious with the jpy pairs than other pairs for any strategy I choose to follow. Can you post a chart of those false signals you mentioned?. Remember you do not need to wait for the ...

A simple strategy with no indicators

Also note that the trade is not allowed to remain for more than one trading day...Post the chart where you don't have positive results

A simple strategy with no indicators

There will be always losing trades. I actually posted one of them here. And your signals are correct according to the strategy

A simple strategy with no indicators

Post the chart please

A simple strategy with no indicators

I meant greater than the body of each one of the previous 2 candles

A simple strategy with no indicators

Sure...please see the attached chart:

A simple strategy with no indicators