The line has to be marked on the high or the low of the candle, not at the close. Obviously, if the spike is short, there is not so much difference, but a long spike does it.

Third candle bounce

In despite the kind effort of our programmer, I too don't feel well with this indicator. I suspect that the gentleman is not clear on the strategy setup.

Third candle bounce

Some examples on D1

Third candle bounce

Well done! All them went in profit. I have opened only three.

Third candle bounce

I am not sure to understand. May you be kind to explain better your entry? Thank you in advance.

Third candle bounce

An example on H4 chart. Many occasions on this TF today.

Third candle bounce

For Quadz: Following the rules. Different and more simple lecture of the graphic D1, but same conclusion. Note as in W1 we have lost an opportunity. Look at the last four W1 candles. The entry for long was perfect.

Third candle bounce

I would like that you mark exactly the engulfing candle. The graphicw are too small.

Simple Candlestick Chart with S and R levels

On audusd, h4 and then h1

Third candle bounce

Thank you for your job.

Third candle bounce

Do you sleep sometimes?

Third candle bounce

Please let's go on to keep alive the thread.

Third candle bounce

What is the timeframe of the M-Candles that you are using?

Third candle bounce

It is on demo. I just blindly followed the rules as at the beginning of the thread in graph D1. I only placed an order on the low or high of the first candle after the second candle surpassed them by going up or down. I don't have followed the other ...

Third candle bounce

image

Third candle bounce

USDCAD Days 30 May, 31 May and 3 June and US30 on H1, today.

Third candle bounce

Maybe it can less complicate:

Third candle bounce

As usual, it does need an encryption machine to translate your impossible-to-understand acronyms. Anyway, thank you for your job. She must have taken a long time to make the drawing. I appreciate it, but my impression is that in any configuration ...

Third candle bounce

Is it too easy to say that all we need is to wait two candles in the same direction, then a third contrary candle (retracement) and to enter again in the same direction? Is it not the 1-2-3 price scheme? What is important is that there is a strong ...

Third candle bounce

If somebody do works only up one or two cross with two different time frames he can get good results. I am trading with Mini ìndice Ibovespa because I am in Brasil. Look at the graphic on M60 and M30. It was not easy due high volatility: I have had ...

Third candle bounce