It's the exact same pattern. Story does repeat itself. But let's just see what will happen next! image

EURUSD Trader's Journal

bearish momentum is quite strong, but if the next candle is green, I hope it will match the criteria of my third formula

EURUSD Trader's Journal

my prediction : the next H1 candle will change its direction

EURUSD Trader's Journal

waiting for reversal signal image

EURUSD Trader's Journal

Because there are a lot of false signals. anyway, my third formula only trade these kind of candles : image The rules are very strict. You have to be very patience.

EURUSD Trader's Journal

Results of my first formula : image Today ROI 2.04%

EURUSD Trader's Journal

I changed my TP to 1.25134. This is my current trades : image

EURUSD Trader's Journal

You're welcome! Yes, it's only for EU. But my third formula has totally different concept from the first and the second. That wasn't the actual formula, that was just an example. No, only two candles.

EURUSD Trader's Journal

trade for today (my first formula) : BUY, TP at 1.25154 . It's better to wait for the price to go down first. Since there will be FOMC, I won't open any positions unless there is a 15 pips sideway from the TP (or even more).

EURUSD Trader's Journal

yeah, I will! thanks.. ok, let's say the magic formula is (T*U)/(V*W) = X. T, U, V, and W are Open, High, Low and Close. If the result of X is within the range from 1-3, today price will always touch current price Open + 7 pips. So, no matter ...

EURUSD Trader's Journal

all today positions (latest trade is inside the green box): image ROI 3.22%

EURUSD Trader's Journal

let's see what will happen to EURUSD H1 TF image

EURUSD Trader's Journal

You're welcome! Have a nice trading!

EURUSD Trader's Journal

doesn't match the criteria, the latest closed candle is too tall

EURUSD Trader's Journal

if current H1 candle closes above 1.25068, the last two candles will match my third formula. I've attached my EA to the chart using my demo account. If the formula fails this time, it's to be expected, because the trend of current H1 is bullish ...

EURUSD Trader's Journal

very strong bullish image

EURUSD

turns out the TP of my second formula was hit, not my lucky day then. image

EURUSD Trader's Journal

ok about my second formula today : I was sleepy, then I loaded my EA (second formula) to the chart I went to my bedroom and took a short nap After 3 hours, my sister made a phone call to me and asked if there was any trades for the second formula, ...

EURUSD Trader's Journal

Hi Nf414, I did refreshed this page a few times before my last post (Post #100) but I didn't see your post, that's really weird. Ok, the reason why it's only for FBS is because every broker has different candles, their OHLC are totally different. ...

EURUSD Trader's Journal

already hit the TP, today ROI is 2.32% image *I moved balance from another account to this account yesterday, see the image above for details

EURUSD Trader's Journal