I don't trade this pattern so I do not need it. I have commented on it because I was explicitly and politely asked what I thought this candle meant. k

5 years and still no strategy

Not sure. You see, the interpretation depends on the context. Possibly with something fancier like machine learning or so. I don't know. I certainly don't need it. k

5 years and still no strategy

Well, I may have misunderstood a part of your post. I could probably trade based on a single candle alone I.e. It is possible to make money even if the market returns to the reference point. But it is easier to read the market when a candle is put ...

5 years and still no strategy

Correct. Incorrect. Long full candles with large volume represent strength behind the move. Weak volume candles are usually retraced. Perhaps for you. I use it all the time: a) for determination of the strength of moves, b) for determination of the ...

5 years and still no strategy

This is all true, but in addition I find it useful to realize the intention behind the market moves. There are only a few tricks big players can play to earn money consistently, this is one of them. k

5 years and still no strategy

From this chart it isn't clear, but in this situation it is usually a bull trap. (You have great charts about this from a ff member called rocky. He really goes into a lot of details on this.) This would mean first a push up on a smaller tf, usually ...

5 years and still no strategy

No stress, mate. If you (or somebody else) want to understand why I've told you I wouldn't do it: a) open a clean chart of daily USDCAD. Look at the last 11 candles. Which candles are bigger and have longer bodies? Bullish or bearish? Who ...

5 years and still no strategy

I wouldn't do it. But good luck. k

5 years and still no strategy

The full = green (close>open) and the empty = white (close<open) ones. k

5 years and still no strategy

It's sufficient to look at the full and the empty candles. Bulls still run the show imo. Additionally from volume I'd say they topped up their positions a bit at 1.1073. k

5 years and still no strategy

It's a perfect plan. The problem only occurs if I earn too much. (I'm basically screwed if oil goes further north.) k

5 years and still no strategy

Well I never said I didn't like it. I learned quite a lot, which is always useful. I think I may have helped a few people, which is good karma. And it was a quite cheap hobby (getting cheaper by the minute). Mainly for the beer these days. Southern ...

5 years and still no strategy

I don't trade a single lot. I put the money I can afford to lose (50-100 euros) to my O@nda account at the beginning of the month, trade, pick up the money (if any) at the end of the month, have beer at the Biergarten for it. Rinse and repeat. I ...

5 years and still no strategy

Open a 100$ account at O@nda (or a 10$ account), and if you can indeed double it every week consistently, you'll have 410 k$ (or 41 k$ if you initially invest 10$) after three months. You should have the 9M account (like our Lord and Saviour CP) in ...

5 years and still no strategy

I don't think the "reverse engineered" indicator has much to do with the original system indicators (as far as I was able to decipher it). k

5 years and still no strategy

I think what also needs to be mentioned is that two seasoned traders (perhaps with vastly differing opinions on the nature of the markets) would, given the same chart, take similar trades. To give a bad example, I (who am *not* a seasoned trader) ...

5 years and still no strategy

Actually I start to think your thread will be a lot of fun. k

5 years and still no strategy

Not a good idea imho. One of the reasons: it will make the transfer of knowledge much more difficult, because nobody will want to share their screenshots anymore. Cheers, k

5 years and still no strategy

I've got my own variation of the MIDAS system that I'm happy with. Just pointing out the obvious pathways for the people that claim that no meaningful technical (or otherwise!) trading is possible. In this thread alone - I think - a dozen or more ...

5 years and still no strategy

One could consider using this piece of information (with ideally some quantification behind very low and some stats behind strong) as a filter for sure-fire type strategy (ideally of a capped martingale persuasion, a.k.a the not-so-sure-fire ...

5 years and still no strategy