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Daily Chart 3-Candle

  • #121
  • May 6, 2018 7:04am May 6, 2018 7:04am
Quoting shiva
{quote} Can I summarize as below? In a downtrend, if a bar (Signal bar) has a higher close w.r.t two bars on its left, we buy at the break of signal bar's close.
Hi Shiva,

It would be an incomplete statement according to the strategy, because if one of those two bars has a bullish body, its the open price that signal bar needs to close above.
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  • #122
  • May 6, 2018 7:06am May 6, 2018 7:06am
Quoting birdland
thank you simoneg! now its much more clear to me and i learn to understand and see the "pattern" in practice...excellent, i like it. just a little to change from the #1 page (sell scenario): it should read : "high probability trade...Bar#3 closed below the closed price of Bar#2..." thx, very inspiring thread!
Thank you birdland! I will make the correction.

I am happy to learn that the update has made a positive difference for you.

Bless.
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  • #123
  • May 6, 2018 7:27am May 6, 2018 7:27am
Thanks for sharing, Simone. Thus looks very interesting. Will look out for this pattern.
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  • #124
  • May 6, 2018 7:52am May 6, 2018 7:52am
Quoting Mystrogan
Thanks for sharing, Simone. Thus looks very interesting. Will look out for this pattern.
Thank you Mystrogan!
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  • #125
  • May 6, 2018 7:57am May 6, 2018 7:57am
Quoting simoneg
{quote} Hi Shiva, It would be an incomplete statement according to the strategy, because if one of those two bars has a bullish body, its the open price that signal bar needs to close above.
Thanks
  • #126
  • May 6, 2018 8:09am May 6, 2018 8:09am
Hi simoneg, thanks for sharing. You said,
Quoting simoneg
Downtrend - Creating lower highs and lower lows.
However your Buy Scenario#1 example is not.
You said "Market is tending upwards (at least for 3 days)", But in your sell scenario#1 its not trending up before the candle 1. Please clarify. Thanks!
  • #127
  • May 6, 2018 8:18am May 6, 2018 8:18am
Quoting mario777
Hi simoneg, thanks for sharing. You said,{quote} However your Buy Scenario#1 example is not. You said "Market is tending upwards (at least for 3 days)", But in your sell scenario#1 its not trending up before the candle 1. Please clarify. Thanks!
Hi mario777,

Are you sure? Please look back especially at the BUY SCENARIO. For the SELL SCENARIO, the trend was already down followed by a sell setup. That is a good thing as the setup is in favor of the prevailing trend.
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  • #128
  • May 6, 2018 10:06am May 6, 2018 10:06am
thanks for sharing this elegant idea...i decided to follow this method for the coming month and master it on demo account.
looks promising
  • #129
  • May 6, 2018 6:55pm May 6, 2018 6:55pm
Quoting simoneg
Based on previous charts and H4 closes. I am short the EURUSD, NZDUSD, GOLD and long USDJPY.
Dear Sr
Attached Image
  • #130
  • May 6, 2018 7:02pm May 6, 2018 7:02pm
Quoting 6677028
{quote} Dear Sr {image}
Hi there,

If price is unable to close below bar#1's "close price" in this case, we are likely looking at a rejection of selling for continued buying. At this point though, USDCAD is in a range and may go up or down.
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  • #131
  • May 7, 2018 3:12am May 7, 2018 3:12am
my first idea is a short UJ on the H1 chart:

1) daily chart has a 123 pattern
2) H1 just stopped on the sell line AND made a bearish candle

so i see good chances for a short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 75 KB
Click to Enlarge Name: USDJPYH1.png Size: 80 KB
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  • #132
  • May 7, 2018 6:31am May 7, 2018 6:31am
Quoting birdland
my first idea is a short UJ on the H1 chart: 1) daily chart has a 123 pattern 2) H1 just stopped on the sell line AND made a bearish candle so i see good chances for a short {image} {image}
Is this valid since Bar 3 did not close below the close of bar?1.
The spark that starts the bonfire
  • #133
  • May 7, 2018 7:11am May 7, 2018 7:11am
Hi everyone,

Pairs seem to be interested in continuing their primary trends.

Bullish 123 on USDJPY H4, H12. Daily also pushed up strongly above the lowest bearish close in the Swing High.
Bearish 123 on NZDUSD H4 & H12 , GOLD H4 & H12 also just sold off previous bearish daily 123
EURUSD long gone
USDCAD still in range

Awaiting further confirmation
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  • #134
  • May 7, 2018 7:52am May 7, 2018 7:52am
Long Gold. H12 shows bullish 123 in play and bearish 123 rejected round about the same price.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDLONG.png Size: 96 KB
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  • #135
  • May 7, 2018 7:57am May 7, 2018 7:57am
USDJPY Now prepping a short setup on the H1 to confirm daily setup. Will short on confirmation at bar close.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 95 KB
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  • #136
  • May 7, 2018 8:17am May 7, 2018 8:17am
Dear Sr
You see photo
Attached Image (click to enlarge)
Click to Enlarge Name: 40144349460_a61bb58611_h.jpg Size: 233 KB
  • #137
  • May 7, 2018 8:25am May 7, 2018 8:25am
Quoting 6677028
Dear Sr You see photo {image}
Hi there,

You are not wrong. Just that because that setup was on Friday, I chose to await confirmation. Actually now looking at the H1 Bullish 123, though below the trigger price, may follow through on that buy setup.
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  • #138
  • May 7, 2018 8:36am May 7, 2018 8:36am
Dear
1- EU H1, Can we buy?
2- My server time is UTC-4. Do i change server time? What Do you use server time?
Attached Image (click to enlarge)
Click to Enlarge Name: 41907198982_0a3426f93b_h.jpg Size: 263 KB
  • #139
  • May 7, 2018 8:47am May 7, 2018 8:47am
NZDUSD H1 wait buy
Attached Image (click to enlarge)
Click to Enlarge Name: 40144922640_f369dcab00_b.jpg Size: 136 KB
  • #140
  • May 7, 2018 8:49am May 7, 2018 8:49am
Quoting 6677028
Dear 1- EU H1, Can we buy? 2- My server time is UTC-4. Do i change server time? What Do you use server time? {image}

Hi my time is UTC-4. I placed a buy at Bar#1 price and am now watching the next two hours to see where its headed as we are below the daily LONG setup price.
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