image The red candle is a reverse 3LB block, cause it has been closed below white line.

Free from Prediction and Forcast Method (3LB)

Same as 3LB method there are 2LB, 4LB, 5LB ,...methods. the difference between them is in the criteria for validating reverse block. In 3LB method, the first reverse block is constructed when a candle closes before previous 3 blocks.

Free from Prediction and Forcast Method (3LB)

image In the above picture, Blue candles are 3LB Blocks. Other candles don't play any role in our trading system.

Free from Prediction and Forcast Method (3LB)

Each candle is specified with its closing price. Suppose a beginning reference candle. In a positive trend, the next validated candle is one whose closing price is higher than the first one. In a negative trend, the next validated candle is one ...

Free from Prediction and Forcast Method (3LB)

In a candlestick chart, if we validate some candles and invalidate some others, a new candle based chart is generated which is called 3LB chart. The validation criteria will be explained later.

Free from Prediction and Forcast Method (3LB)

I appreciate if someone help me in explaining how 3LB candles are constructed using usual candlesticks. P.S.: THESE ARE PRELIMINARY DISCUSSIONS AND I HAVE NOT STARTED EXPLAINING THE METHOD YET.

Free from Prediction and Forcast Method (3LB)

Frankly speaking, there is no need to such indicator. If you underestand the philosephy of 3LB charting system and try drawing them using Excel (for learning purposes), then you would distingush 3LB Blocks*, looking to normal candlestick charts ...

Free from Prediction and Forcast Method (3LB)

No Jimmy, the indicator is not OK. I warn everybody not to use it.

Free from Prediction and Forcast Method (3LB)

Thank you Jimmy. You did a great job, But let me check the indicator and inform you if it is OK. Cause there are plenty of 3LB indicators that dont work very well. Thanks Anyway

Free from Prediction and Forcast Method (3LB)

This method is applicable for all sorts of financial markets.

Free from Prediction and Forcast Method (3LB)

If you learn this method you won't lose anymore.

Free from Prediction and Forcast Method (3LB)

{ Link Removed }is the link of book in AMAZON for whoever want to buy it. Please distinguish between the method going to be introduced here with 3LB Charting System introduced in that book.

Free from Prediction and Forcast Method (3LB)

As everybody here knows there are several charting systems, like: - Line Chart - Bar Chart - Candlesticks Chart - Kagi Chart - Renko Chart - Point-Figure Chart - Three Line Break Chart Each of them has its own definition. "Free from Predictions and ...

Free from Prediction and Forcast Method (3LB)

I advise everybody read this book before I start describing this method. Unfortunately I am not a very verbal person and my English is not very good so it helps if somebody write for others how 3LB candles are constructed. Otherwise I should try to ...

Free from Prediction and Forcast Method (3LB)

This method is designed based on 3LB charting system. 3LB stands for "3 Line Break" which first was introduced by Steve Nison in his famous book, "Beyond Candlesticks".

Free from Prediction and Forcast Method (3LB)

In other word, the trader would not mind if the price goes high or low. Every where it goes, trader has a plan for it.

Free from Prediction and Forcast Method (3LB)

I have a small but very good filter for this system in order to avoid opening wrong position. Enter long just when price passes 2 pips above the shadow of first candle closed obove SMA21 Enter short just when price passes 2 pips below the shadow of ...

only using SMA 21

STOP OUT

Fisrt Program - Safe Trading

SOLD @ 118.58 TARGET: 118.50 S/L ABOVE 118.60

Fisrt Program - Safe Trading