KD, I've added a screenshot (including a legend) to post #1. Also expanded some of the explanations in the post.

Candle Identifier indicator

Thanks, Shamus, maybe later. It would mean eliminating MT4's automatically plotted candles, and then drawing rectangles and lines on the chart. I guess it would also be necessary to replot the last candle every tick, or at least whenever price ...

Candle Identifier indicator

Yes, Opie, that's correct. Peter Bain uses the term 'Railroad Track'. I've marked these on the chart below with an "X". RR tracks on a 1 hour chart would equate to a pinbar shape on a 2 hour chart.

Candle Identifier indicator

The last few paragraphs of this post address this question.

Did it ever happen to you? you had to change rules!

Steve, thanks for bringing that post back to my attention. I agree that Ubeee is an underrated poster, brilliant at thinking outside of the box. Reading between his lines, I expect that he's also a very successful trader. It's a shame that he hasn't ...

Trading Psychology: Mistakes in a Trading Environment

Interesting line of thought. But for me, it's not so much about discovering myself (I try to remain as detached as possible), but discovering how and why prices move as they do. I primarily use H1 charts and above, and consider trend, ...

Who Are You?

Here are links to three more....... — Custom Candle indicator here Candle Aggregator (v5) indicator here Period converter indicator here

Is it possible to show multiple timeframes on 1 chart?

Hertz, check out this post from Topherhk88. All of his posts (there are only 15 of them, to date) are very insightful. Some in the "Admit it - your profits are based on luck" thread, that are also particularly relevant to your topic. IMO, testing ...

All strategies work

My 2 cents... — Another excellent post, Craig, I agree 100% with all the points you make. There's no point in my repeating everything that you've already said. I also agree with Forexflash - if random entries are profitable, then why not ...

All strategies work

Martingale increases the risk of ruin without improving expectancy. I've posted XLSs demonstrating how MM has no effect on expectancy (see posts #31, #32 and #43 in this thread). If the market is a random walk...... then ALL systems have a ...

Thoughts on randomness and systems

Download and read the BRV S+R Trading 210808.PDF file attached to post #1 in this thread. It should answer your questions.

Bounce or breakout ?

Divergence is caused deceleration in price. See my post here for more info on how MACD divergence is arrived at. The whole thread is a worthwhile read, IMO. Deceleration will either result in a reversal, which will generally result in a profitable ...

Perhaps the biggest piece of marketing tripe I've ever seen

Continuing from my previous post....... — TD, to further answer your question, I don't believe that markets are a random walk. Patterns definitely occur - for example, the white line on yesterday's GU chart (below) shows price bouncing from ...

Perhaps the biggest piece of marketing tripe I've ever seen

Tom, I've been trading demo accounts for the last few months, and more recently microlots. To be honest, I haven't been putting in as much screen time as I'd like, due to other commitments, and an unwillingness (OK, laziness) to stay awake all night ...

Perhaps the biggest piece of marketing tripe I've ever seen

Thanks for the feedback, Mr G. The respect is mutual, I have learned a lot from your posts. I think a major reason that the markets are 'irrational' is that we have no way of knowing who the participants are, or their objectives. For example, we ...

The Importance of Mental Analysis

-- Integrated, easy-to-use charting and trading platform -- Comprehensive underlying programming language -- Free historical data, and strategy tester -- Free live price feed -- Lots of third party developed indicators and EAs are available -- MT4 ...

Why is MT4 so popular?

I'm 80% rational and 80% emotional. Doesn't add up? Well heck, that's the emotional part speaking. Seriously though, nice post, I tend to agree with you. I see Mark Douglas' books as being motivational rather than instructional - he speaks more ...

The Importance of Mental Analysis

I wouldn't say that it's a cop-out, but IMO one would need to be a very experienced trader, in order to have a sufficiently 'educated' subconscious. If the subconscious mind has somehow trained itself to recognize profitably timed entries that ...

Trading Psychology: Mistakes in a Trading Environment