The G/U is starting to heat up with the Asian session. Candles are getting bigger, and volume is heating up. In this pic I've added Hi-Lo level lines to help aide in setting up potential trades.

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market open — The market reopened a couple of hours ago. Because PA has remained within the same range, I simply moved the boxes to the right, but otherwise everything is exactly the same. Questions for you guys might be, "Why is the PA still ...

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1-as a beginner of this method, the first problem for me is determining the consolidation areas in real time. for this, I ran my simulator on g/u m15 and drew a rectangle of 30 pips and followed the tops and bottoms of candles until the price get ...

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Hello Kevin. Thanks for the kind words. Yes, simple is always best. If more new traders realized how much all those indicators don't help, they would toss them out and start making real pips almost immediately. You are on the right track, at least! ...

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Congratulations Umesh! Good for you for putting in the time and effort into making the system work for you. Keep it going, and don't let anyone tell you it can't be done. Next week I want to see 400 pips! FH

Trading system using relative strength

This is a common question. And in my opinion, this is where most systems go wrong. Because it assumes that I, as thread starter, have an answer for every question. And it assumes that I have a one-sized-fits-all exit strategy. This is not your fault ...

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I can predict a breakout by now almost with my eyes closed. Likewise, I predict this thread will die off relatively quickly; I will be very surprised if it will even reach 10 pages long. This method isn't at all flashy or sexy, and that seems to be ...

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Thanks for the kind words. Consolidations occur in every TF, and personally I prefer M15 or higher. And I am glad that you noticed the retracements as well. In every example I gave the price retraced back to the blue breakout zone. You would be ...

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These types of consolidation zones happen all the time. How often they happen, or how prolonged they are, will depend on the pair and the time frame. I can not predict when a consolidation zone will form. No one can. But I absolutely can predict ...

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closed for the week — Here is how this same artifact looks at the close of the week. Not one thing has been changed, just that more candles have been added since the last time I attached this chart here. Notice how price has once more tested ...

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final example -- in progress — So far all of my examples have been of past breakouts. So I won't be accused of just cherry-picking, here is my final example: a possible breakout scenario currently in progress as of 16:00 7/1/2011 on the G/U ...

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the results — The results speak for themselves...

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the overlap — Once you have picked out a good consolidation zone it's time to overlap the 2 artifacts. The small one will already be in place from following the earlier steps. So now all you have to do it place the large one on top as shown in ...

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find the zones — Now take the small artifact and move it around the chart. Use it to highlight these same types of consolidation zones as shown in these pics. This is an actual step in this system. Learn it well.

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Step 3 — Step 3: Now we are going to create a much wider artifact, although the height will still be just 30 pips. I make mine wide enough to cover 3 days worth of chart. No special reason, it's just easier to move it around that way.

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Step 2 — Step 2: Create a uniformly sized small rectangle marker from your MT4 tools. Make the box 30 pips tall and wide enough to cover several M15 bars.

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inspired — You've inspired my thinking, Sunbrella. I really like this indi. It's very flexible and unique. Here's another mod I hope you will like. Notes on pic:

AnyCandle - H1, H4, D candles on your M15 chart

Sunbrella, here are a couple of mods that I know would be very useful, particularly for breakout strategies. I hope you like them too. A feature would be needed for choosing how many hours forward to paint the images. E.g., "8" would paint an image ...

AnyCandle - H1, H4, D candles on your M15 chart

Count me in too!

AnyCandle - H1, H4, D candles on your M15 chart