Really helpful explanation Lemercenaire, thank you very much.

Trading is as simple as 1-2-3

Perfect, thank you for the clarity and sorry for being a numpty! The diagram with the arrow and your explanation really helps.

Trading is as simple as 1-2-3

Good Morning, I am a wee bit confused after reading through this thread, it must be my age haha, can you please help? 1) Did a new daily high or daily low happen last bar [2] on the 1h chart? Is this bar [2]? If YES/TRUE go to question 2 otherwise ...

Trading is as simple as 1-2-3

That's a good call and I have updated it accordingly. My SL is still the same as post 36 e.g. 20 pips.

4 Time Frame No Indicator trading

Another update from posts 48 and 51 ref testing M, W, D, 4H in real time and then taking the trade on the 3 candle setup via the 1H chart. Stop loss with the remaining half of my original trade size moved up to +79 pips - see green line on 1H chart. ...

4 Time Frame No Indicator trading

I haven't experienced a failed trade which I can associate with the angle of the line between the first and second candle Since80808. personally, i do not think that the angle matters, what matters is: a) The third candle must close above or below ...

4 Time Frame No Indicator trading

Further update from post 48. I moved my stop loss to break even at 09:30. I have now moved my stop loss to lock in a further 20 pips Half of my trade was closed with 20 pips profit earlier. Notice how the trade on the 4h chart (20 pips above 3rd ...

4 Time Frame No Indicator trading

Here's one of the 1H trades, as per my post above but with a lot more detail. My next move, at 09:30 am UK time zone, will be to move my stop loss up to my buy order entry point. Note: 1) There is a potential trade on the 4H chart still once that ...

4 Time Frame No Indicator trading

Here's an example (real time) of what I am investigating via the 1H chart. See screenshot in post 51

4 Time Frame No Indicator trading

Hi Oshadiif, Yes, for the higher time frames that is correct. I have not yet experienced any reasons to not enter a trade that is fully setup based on the angle of the line between the 2 4H candles. I am trying to do some real time examples this ...

4 Time Frame No Indicator trading

Hello, I have looked this week at trading just W, D, H4 and H1 and I think that it does not work as well as M, W, D, H4. As tempting as it has been to take the trades based on the H1 3 candle setup, a quick look at the monthly chart, after the trade ...

4 Time Frame No Indicator trading

Thank you for sharing, I will try it out this week.

4 Time Frame No Indicator trading

Hi, Thank you for sharing your feedback and charts. 5 winners is good to hear too! I am keen to keep things as simple as possible and look forward to hearing more about your dashboard as I have tried to find something similar without much success. ...

4 Time Frame No Indicator trading

I have been using a stop loss of 20 pips and a tp of half at 20 pips and the remainder at 30 or 40 pips, moving my stop loss up to break even as quickly as I can. With the recent spikes either from news or from support/resistance areas, I am testing ...

4 Time Frame No Indicator trading

Thank you for your inputs Voketexpert. I do still think that I am trading on the wrong time frame though as sometimes the buying or selling seems to be over at the end of candle 3 on the 4 hour chart. Taking the advice from earlier posts, I am ...

4 Time Frame No Indicator trading

Hi, through the powers of Google translate, I think I understand what you are asking in your post. Thank you for the indicators also however, I personally prefer not to trade with them as I do not trust indicators. Here is how this started: For buy ...

4 Time Frame No Indicator trading

That's an excellent suggestion Lemercenaire, thank you. I have wondered if the pullback to the line provides another opportunity to enter the trade.

4 Time Frame No Indicator trading

I had more time today and had a look at a trade I did earlier. In the attached picture, Monthly to H4 charts were all the same colour and yet, when I entered a buy at the close on the 1 hour chart shown, the move was over and the momentum fizzled ...

4 Time Frame No Indicator trading

Thank you for your feedback. I am going to test the W,D1,H4 and trade via the 1H charts next week. I am still unsure whether or not the monthly candle (being of the right colour) is required.

4 Time Frame No Indicator trading

I am sorry if it seems odd. I shared what I am doing in the spirit of collaboration only. This may be somewhat naive however, I have learnt a lot from reading various forum posts on this site where people have bothered to share their trading ...

4 Time Frame No Indicator trading