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Daily Chart 3-Candle

  • #21
  • May 1, 2018 9:30am May 1, 2018 9:30am
Hi Simoneg, thank you for you knowledge

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 154 KB


the pattern is good here ?

thx
  • #22
  • May 1, 2018 9:38am May 1, 2018 9:38am
I'm a little bit confused, for sell trade:
"2. The LAST BAR (BAR 3) closes with two bars with lower highs on its LEFT"
I think Bar 2 has higher highs than Bar 1 in your picture depicting the sell trade?
  • #23
  • May 1, 2018 9:40am May 1, 2018 9:40am
Quoting js497
Hi Simoneg, thank you for you knowledge {image} the pattern is good here ? thx
Yes js497...that was a good setup
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  • #24
  • May 1, 2018 9:44am May 1, 2018 9:44am
Quoting sailorvt
I'm a little bit confused, for sell trade: "2. The LAST BAR (BAR 3) closes with two bars with lower highs on its LEFT" I think Bar 2 has higher highs than Bar 1 in your picture depicting the sell trade?
Hi sailorvt,

The most important thing is for BAR 3 to have a higher high than that of Bars 1 & 2. It doesn't matter if BAR 2's high is higher than BAR 1's high.
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  • #25
  • May 1, 2018 9:53am May 1, 2018 9:53am
Quoting js497
Hi Simoneg, thank you for you knowledge {image} the pattern is good here ? thx
Sorry js497...though that trade worked out, it took more than three steps, which can work as well.
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  • #26
  • May 1, 2018 11:45am May 1, 2018 11:45am
Hey again everyone.

USDCAD H4 Setting up a good strong sell confirming yesterday's DAILY short. We wait for H4 bar close. Additionally, the dollar index is showing signs of weakness.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadswing1.png Size: 83 KB
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  • #27
  • May 1, 2018 1:31pm May 1, 2018 1:31pm
Hi Simoneg,

Thanks for sharing your strategy, how long you have been doing this one?
I live in EST zone and D candle closes at 5.00pm, and New candle would
Show at 8.00pm if I am not mistaken( correct me if wrong). As soon as I see
New candle(#4), should I apply the method what you mentioned in post# 1.
Plz advise. thanks,
  • #28
  • May 1, 2018 1:39pm May 1, 2018 1:39pm
Hi Simoneg can you explain whats the wrong with this setup ....as per your statergy we want to buy at 4th candle but its hit SL
Attached Image (click to enlarge)
Click to Enlarge Name: screen.JPG Size: 58 KB
  • #29
  • May 1, 2018 1:42pm May 1, 2018 1:42pm
Quoting loveandpeace
Hi Simoneg, Thanks for sharing your strategy, how long you have been doing this one? I live in EST zone and D candle closes at 5.00pm, and New candle would Show at 8.00pm if I am not mistaken( correct me if wrong). As soon as I see New candle(#4), should I apply the method what you mentioned in post# 1. Plz advise. thanks,
Hi loveandpeace,

I have been trading this approach for a little over 1 year now. Yes, the daily close is 5:00pm EST. Yes your entry would be on Bar#4 or the bar that takes you to Bar#1's trade price.
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  • #30
  • May 1, 2018 1:45pm May 1, 2018 1:45pm
Quoting arivu
Hi Simoneg can you explain whats the wrong with this setup ....as per your statergy we want to buy at 4th candle but its hit SL {image}
While we note that not all trades will win, in this particular case I would not have taken this setup as the market just bought back up to a huge sell setup from Feb 15th on your chart.
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  • #31
  • May 1, 2018 1:46pm May 1, 2018 1:46pm
Quoting simoneg
Hey again everyone. USDCAD H4 Setting up a good strong sell confirming yesterday's DAILY short. We wait for H4 bar close. Additionally, the dollar index is showing signs of weakness. {image}
Short trades running and we are back at the bottom of the range hoping for a strong break south.
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  • #32
  • May 1, 2018 1:51pm May 1, 2018 1:51pm
No peace ahead of NFP it seems...out again at bottom of range with profits.
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  • #33
  • May 1, 2018 2:18pm May 1, 2018 2:18pm
NZDUSD H4 rejected upward reversal. Short taken. Sticking with the already decided...trade the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 99 KB
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  • #34
  • May 1, 2018 3:12pm May 1, 2018 3:12pm
Thanks for posting your strategy, Simoneg. You stated that you've been trading this way for at least a year and making profits which is great. I plan to follow this thread and trade this way. The rules are simple to understand. I've tried using indicators to trade but it hasn't work out for me the same way it has for other people, so trading with just the candles seems interesting.
  • #35
  • May 1, 2018 3:30pm May 1, 2018 3:30pm
Quoting numbrcrunchr
Thanks for posting your strategy, Simoneg. You stated that you've been trading this way for at least a year and making profits which is great. I plan to follow this thread and trade this way. The rules are simple to understand. I've tried using indicators to trade but it hasn't work out for me the same way it has for other people, so trading with just the candles seems interesting.
Thank you numbrcrunchr! Price tells it all! I'm not an indicator or EA trader either. Get comfortable with spotting and taking the trades oh H1/H4 first and then move up if you like.
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  • #36
  • May 1, 2018 10:35pm May 1, 2018 10:35pm
Hi Simon,

Whick broker do you use? Is it swap free and comm free?
  • #37
  • May 2, 2018 12:44am May 2, 2018 12:44am
Hi Simon
This system is reversal or trend continution ?
Tx
  • #38
  • May 2, 2018 12:57am May 2, 2018 12:57am
Quoting simoneg
NZDUSD H4 rejected upward reversal. Short taken. Sticking with the already decided...trade the trend. {image}

Why sell? Becouse candle3 have lower low than candle1 and price cant close above close candle1?
  • #39
  • May 2, 2018 5:06am May 2, 2018 5:06am
now i am a bit confused. thought first to me it seemed clear, but will need to follow more time and examples to understand the pattern.
trading is like dancing, don't think and just listen to the music!
  • #40
  • May 2, 2018 5:16am May 2, 2018 5:16am
Quoting yumnyap
Hi Simon, Whick broker do you use? Is it swap free and comm free?
Hi yumnyap. I use Pepperstone. No their not swap and comm free.
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