After the way it crashed and burned on Friday, I would agree. I am thinking just take the initial order and set a take profit for double the distance of the stop loss and get out with your profits, also there is no need to take every signal just ...

Jay's Candle Sticker System

I'm putting some serious thought into using take profit levels, like say at 1 ATR(14) of profit close 1/2 your lots and then close another 1/4 at 2 ATR(14) leaving the last quarter to play out with the original rules of confirmed opposite ...

Jay's Candle Sticker System

Looks like we are working towards an answer for improvement #2. I definitely believe that only taking the trades based off of patterns that have shown good performance for that pair would be a great improvement towards obtaining better entry points. ...

Jay's Candle Sticker System

Ok, think I have figured out what you need. Here is the pattern performance for EURAUD image You could probably just use the ones that result in a 1% gain or more. There is a different sheet for each currency pair that they track. and here is ...

Jay's Candle Sticker System

Thanks for the heads up, it seems that there are quite a bit of negative comments toward them. Personally, they have not treated me in any untoward way and I have used EA's and gotten withdrawals. I'm not recommending them but they have been fine by ...

Jay's Candle Sticker System

Each pattern gets a page, I'm not sure if you can see them without a subscription. Looking at this again, it is all lumped together.

Jay's Candle Sticker System

I admit I am taking a bloodbath today. Kind of like looking at a train wreck. This is why I changed the way the strategy works on June 6th, but according to my internal rules, the trades placed before my change follow the old method which loads risk ...

Jay's Candle Sticker System

Here ya go for the overall view

Jay's Candle Sticker System

Nope, I'm just sharing what's been working for me. I'll probably get some needed improvements to my system from all the public scrutiny. Which I will ultimately use to develop my expert advisor. And then... unending vacation. Or, this whole dream ...

Jay's Candle Sticker System

I have not done that type of calculation I have chosen a lot size which I use for all positions. This causes the leverage for each trade to be different. I have chosen 1 whole lot, a half of a lot, and a quarter lot. Although I did initially start ...

Jay's Candle Sticker System

Yeah, she is awesome. I call that the girlfriend rule.

Jay's Candle Sticker System

Stop losses are not placed with the broker since with my system the position must close at the end of the day beyond the stop-loss, not merely hit it. I don't place any stop losses on my trades. However, I do still use stop losses. When trading a ...

Jay's Candle Sticker System

Do you see this when you click on a thread? Ahem added this blurp for the google searchers. How to subscribe to a forex factory thread. How to subscribe to a forex factory forum. How to subscribe at forex factory. image

Jay's Candle Sticker System

Nope, what you see is what they have and that is it.

Jay's Candle Sticker System

Glad you are piqued. Yeah, I agree I am basically taking a stock trading system and pigeonholing it into a forex trading system. So, stay in cash would result if you hit your stop-loss since there would not be a corresponding opposite candlestick ...

Jay's Candle Sticker System

Once a day 5 pm eastern. They have a way of looking at possible confirmations intraday, but what really matters is how the trade closes at the end of the day. I have been burnt a few times chasing intraday signals to try and get a better entry, only ...

Jay's Candle Sticker System

I like it, one could look at the chart and see if there are any easily identified support and resistance levels. Or, maybe go back like 50% towards the stop-loss level to initiate the 1 lot size order and the same distance in the other direction to ...

Jay's Candle Sticker System

Ok, so the second day did not gap down so no Bullish Piercing Line, it is hard to eyeball from a chart. I agree we are looking a basically the same trade. I'll look around for the pullback stuff. I am definitely open to any improvements. In the past ...

Jay's Candle Sticker System

Looking good, however, I actually would not place the stop-loss on the chart, unless that just a reminder line. Hopefully, this is a demo? You never know with trades.

Jay's Candle Sticker System

The pending orders are already set I just leave them to work their magic by themselves. If I get the signal to close an order I close all of the associated orders for that pair at the same time. So if a pair has two open orders and one pending when ...

Jay's Candle Sticker System