Before leaving the live example trade, I think it could be good to study it in a single post from beginning to end instead of it being scattered in multiple posts inside this thread, maybe it will be useful for some (from a technical point of view). ...

There is No Edge in a Single Candlestick

There will be no need to continue this thread. However, I will keep checking the activity until end of this week and respond if needed. Have a good day.

There is No Edge in a Single Candlestick

I value your post zxdtrader, and I agree with most of what you said. pipEASY thread is one of my favorite threads, but it is a completely different story. I even automated a system inspired from that thread and the fact that says “cut losers short ...

There is No Edge in a Single Candlestick

So I stick to original plan. And guess what: Trade closed at traget. So the trade reached target in 3 hours with over 2:1 reward:risk ratio and almost 0 draw down (spread). Images from mobile phone.

There is No Edge in a Single Candlestick

A trader is usually thinks of different options in such situation, unless of course he pre planned and sticks to his plan. Those options might include: Close the whole position before target. Close partially and move stop to open price. Keep the ...

There is No Edge in a Single Candlestick

The example trade is reached 1:1 R:R in 2 hours.

There is No Edge in a Single Candlestick

The sell order is working fine, and in profit almost immediately after opening. I am gonna leave it as is, and go home after a long working day. Regards, image

There is No Edge in a Single Candlestick

I have chosen number 3.

There is No Edge in a Single Candlestick

Price reached 1.4980 and started going down, missing my limit order by 3 pips, so what to do now ? 1. Increase the sell limit entry price to above 1.5 2. Trade the break up of 1.4980 by a stop buy order 3. Trade the break down of 1.4853 by stop sell ...

There is No Edge in a Single Candlestick

You're analysis is based on the whole chart, not a single candle. And that's the way to do it, I like that.

There is No Edge in a Single Candlestick

This is my pending sell limit order. image This account is already have a TE shared on my profile "Metals_Basket_Demo" which I use to trade metals basket on, but put this order as an example only. EDIT : So far price looks SHY of the 1.498x level, ...

There is No Edge in a Single Candlestick

On the GBP/USD H1 example chart the price is now approaching 1.498x (currentlt at 1.4963). Lets see how it will behave around 1.498x area. image EDIT : Of course it needs to Close above 1.4953 area first.

There is No Edge in a Single Candlestick

Good luck BillYon, if its works for you I am happy.

There is No Edge in a Single Candlestick

Is your method just throwing some h-lines randomly around the active candle ? And how do you judge if the active candle is red or green while it might change its color any time, multiple times during its life cycle ?

There is No Edge in a Single Candlestick

Hello sir, Can you show us some examples of lets say a 5-min candle that showed you a ​confirmed reversal or continuation on its own. P.S. I wish I can make trades like banks do.

There is No Edge in a Single Candlestick

I agree on 1 and 3. Assuming that when you say the candle is green, it is after the candle has completed (after close). As for 2, your plan should be clear: i.e. x pips above previous candle's high, y pips below previous candle's low ... etc.

There is No Edge in a Single Candlestick

Since a long time I've been wondering on which currencies have the major effect the Forex market as a whole. I had a guess, but I wasn't sure. More and more, and with basketing, I became more convinced of my guess on these 2 currencies be Dollar and ...

Basket Robots

Few questions before I agree or disagree : 1. 1hr as confirmation of what, of the 1D tf ? 2. Horizontal lines based on what ? random ? specific distance above/below price ? 3. what do you mean by "Still will be in a direction against the higher ...

There is No Edge in a Single Candlestick

I am cool. I respect everyone who spend their valuable time trying to share their skills and experience, or explore new ideas, or raise questions on such a great forum. I never made fool out of any one for any reason. I am a continuous learner, ...

There is No Edge in a Single Candlestick

I value people who share openly, with no puzzle words and no mysteries. I don't value people who say I found an edge, but I don't want to share, and go find it yourself. I value people who have dedicated a thread to response to PMs. I don't value ...

There is No Edge in a Single Candlestick