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trading as easy as one, two and three

  • #1
  • First Post: Edited 6:31am Oct 4, 2020 4:22am | Edited 6:31am
as this thread go, oh well it totally depends on the crowd if more people took interest in this thread
i will share more on the set and rules in trading with this strategy
for now i will show just one example, even with this one example trust me you already learns everything
below are GOLD chart that i marked before

Edit* i forgot to write it down in the charts
So the first rule is to wait candle 2 to break candle 1 high/low, when the candle 2 break candle 1 high/low we will mark candle 1 high with horizontal line and that line also will serve as our entry point

Id recommend you guys to change your candle color
Bear candle color to Red and Bullish candle to Blue

Attached Image (click to enlarge)
Click to Enlarge Name: XM Global MT5.jpg Size: 610 KB
  • #2
  • Oct 4, 2020 4:42am Oct 4, 2020 4:42am
Bring it on baby........
  • #3
  • Oct 4, 2020 6:47am Oct 4, 2020 6:47am
How do you recognise which one is candle 1,
  • #4
  • Oct 4, 2020 7:13am Oct 4, 2020 7:13am
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmicroH1.jpg Size: 639 KB
  • #5
  • Oct 4, 2020 7:14am Oct 4, 2020 7:14am
Quoting redfan
How do you recognise which one is candle 1,
sorry i kinda in a rush i will explain more later
  • #6
  • Oct 4, 2020 9:53am Oct 4, 2020 9:53am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmicrosH1.jpg Size: 768 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmicroH1.jpg Size: 562 KB
  • #7
  • Oct 4, 2020 9:57am Oct 4, 2020 9:57am
you guys can add anything in this strategy support and resistant, trendline, indicator etc
it is totally up to you, please dont limit yourself.
but
to break the rules, you must first master them.
  • #8
  • Oct 4, 2020 10:18am Oct 4, 2020 10:18am
Quoting KepalaBesi
you guys can add anything in this strategy support and resistant, trendline, indicator etc it is totally up to you, please dont limit yourself. but to break the rules, you must first master them.
Its look like a new engulfing version
  • #9
  • Oct 4, 2020 10:48am Oct 4, 2020 10:48am
Hello Kepala,

The issue I see with this strategy is that one would not know if a bar will close above or below the prior C1 bar while it is still 'working' during the H4 period of time. You won't know until it closes and by then, the price could be far away from the entry point that you use and thereby exposing you to higher risk for the stop loss.
If I am wrong on my supposition, please correct me.

Thanks for the clarification.

WGT
  • #10
  • Oct 4, 2020 11:11am Oct 4, 2020 11:11am
Quoting KepalaBesi
you guys can add anything in this strategy support and resistant, trendline, indicator etc it is totally up to you, please dont limit yourself. but to break the rules, you must first master them.

Beautiful,the way it was meant to be,subscribed...let them learn on a naked chart,after all price action need no company,it stands alone.Do not let the idiots and clowns disturb your thread.I wish all the best and thank you very much KB....keep safe
  • #11
  • Oct 4, 2020 11:52am Oct 4, 2020 11:52am
Hi Kepala,

After re reading your entry conditions, I think I am 'seeing' what you have written and understand better. Thanks for taking the time to give us this additional approach for trading.

All the best,

WGT
  • #12
  • Oct 4, 2020 11:58am Oct 4, 2020 11:58am
Quoting KepalaBesi
{image}
Hi KepaiaBesi,

I like what you are doing I Trade very similarly on lower TFs

I take it when you refer to High or Low of a Bar you mean Open Close of a Bar because it is the Open of the Bar you have marked on the Chart you have uploaded above?

Following with interest
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Oct 20 EURAUD H1 Observations.png Size: 105 KB
  • #13
  • Oct 4, 2020 12:16pm Oct 4, 2020 12:16pm
That looks realy good on Daily TF too. Thanks for that. A simple indicator would be very nice to have.
Stick to the plan!
  • #14
  • Oct 4, 2020 12:29pm Oct 4, 2020 12:29pm
Isn't this just engulfing?

Btw your entry is impossible. Entry when bo of previous open. Your pattern exists only after close.
  • #15
  • Oct 4, 2020 12:37pm Oct 4, 2020 12:37pm
Quoting Anusragger
Isn't this just engulfing? Btw your entry is impossible. Entry when bo of previous open. Your pattern exists only after close.

Why is the Entry impossible?
  • #16
  • Oct 4, 2020 12:45pm Oct 4, 2020 12:45pm
Quoting stevepatt
{quote} Why is the Entry impossible?
He says entry when bar crosses the open of the previous bar. But at that point price can turn back and close. Hence, the pattern is non existent, but you are in the market.
  • #17
  • Oct 4, 2020 12:57pm Oct 4, 2020 12:57pm
Quoting Anusragger
{quote} He says entry when bar crosses the open of the previous bar. But at that point price can turn back and close. Hence, the pattern is non existent, but you are in the market.

The only way for this to work is for the CS2 Bar to Close and then wait for the Pullback.

I think, hope this is what KepalaBesi means, it's certainly what I presumed.
  • #18
  • Edited 2:39pm Oct 4, 2020 1:18pm | Edited 2:39pm
hi KepalaBesi

A few things I would like to point out.

  1. This pattern only works on a trending market and breakouts.
  2. You will get caught on the fakeouts during an opening or news event.
  3. You will get caught in a choppy section.
  4. You picked on the trendy currency pairs (like Gold) to set your examples. What about the non-trendy pairs?
  5. This entry will result in a large stop-loss assuming it will be placed near the 1st candle's high/low. It means the s/l is a much as your first candle. Any stop-loss hit loss will result in a "deep" cut to your capital.

I spent a lot of time studying the market, I think your setup isn't completed yet when it comes to dealing w/ the choppiness and risk & capital management. Tne entry is aggressive; however, the risk is even greater given the fact that choppiness is what we deal w/ most the time.

when it comes to pulling the high probability trades, this wouldn’t and shouldn’t be my first 3 priorities unless prove otherwise.

Please let me know if I missed anything. You have my ears.

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #19
  • Oct 4, 2020 5:32pm Oct 4, 2020 5:32pm
Name?: "candle breaker"
  • #20
  • Oct 4, 2020 5:46pm Oct 4, 2020 5:46pm
Quoting stevepatt
{quote} Hi KepaiaBesi, I like what you are doing I Trade very similarly on lower TFs I take it when you refer to High or Low of a Bar you mean Open Close of a Bar because it is the Open of the Bar you have marked on the Chart you have uploaded above? Following with interest {image}
Yes you are absolutely right, it is Open and Close of a candle.
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