I took the same trade but on EURNZD instead. I wanted to take the EURAUD but the pullback wasn’t picture perfect, it was a pattern instead, which could take one or two candles before continuation, whereas on the H1 pullback TE, I’m taking pullbacks ...

No Indicator Trading System

Nice buy trade. IMHO, the local high has been taken now so the real trade will be to the downside. It’s hard to know too far in advance how far it will continue pushing up so I wouldn’t set the target too far out, 161.8%, is probably the safest ...

No Indicator Trading System

The correlated pairs are great. I didn't check AUDCHF but on EURAUD, it looks like it just wants to form a pullback on the higher TFs, but if I'm looking at H1, it could go down. It'll just depend on how the current H1 candle closes, the decision ...

No Indicator Trading System

Just a note on this trade, once the continuation takes out the local low (the low of the big green candle), the real trade becomes to the upside. At this point, the price could push a bit further down, usually to less than 261.8%, but could be as ...

Candle Patterns Magnet Zones and More

An update on the candle pattern here, it worked out at expected with the small bodied candle followed by continuation. It is a weekly candle so it takes a long time to play out if one has the patience for it. image

Candle Patterns Magnet Zones and More

It feels like a strategy that would work well during London session, even when looking at the third H1 candle just 15 minutes in, but after London session is over, one should definitely wait closer to the 45 minutes in, before determining whether ...

Candle Patterns Magnet Zones and More

AUDCHF, CHFSGD, EURGBP, USDCHF, USDSGD are starting to pull back.

Candle Patterns Magnet Zones and More

Since the trading is done on the current open candle, one sensible rule would be to close all open trades when the current candle closes, or just before, even if it didn't reach 500. This is because the current candle is being traded so the focus of ...

Candle Patterns Magnet Zones and More

TradeExplorer isn't updating regularly so I'll mention the pairs in the thread but basically, I look for two closed greens followed by open red, or two closed reds followed by open green. On the third candle, I just check if it’s a proper pullback, ...

Candle Patterns Magnet Zones and More

GBPCAD is showing two closed reds followed by current green.

Candle Patterns Magnet Zones and More

Added EURCHF to the list. I'll mention the pairs in the thread but you can also check the TradeExplorer list for the pairs with the two consecutive colors followed by a current opposite color.

Candle Patterns Magnet Zones and More

It's about 30 minutes in, so it’s okay to check for the third candle color. GBPSGD has two reds and one green. The same with GBPNZD, GPBJPY, USDJPY.

Candle Patterns Magnet Zones and More

To check the third candle color, I would wait at least 15 minutes into the current candle, but 30 minutes would be better since 30 minutes will provide more time for the third H1 candle to form.

Candle Patterns Magnet Zones and More

Closed the second basket. To work on the third basket, waiting for two greens and a current red or two reds and a current green on H1.

Candle Patterns Magnet Zones and More

A couple of hours ago, I added a system to my interactive trading thread and TradeExplorer that anyone can test on a demo. The system is simple. It’s a pullback scalp on H1. For a buy, you look for two closed green candles, then check the current ...

Quitting Forex

GBPCAD is showing two closed red with current green.

Candle Patterns Magnet Zones and More

USDCAD USDCHF are showing two closed red with current green. NZDUSD is showing two closed green with current red.

Candle Patterns Magnet Zones and More

EURCAD is showing two greens with a current red.

Candle Patterns Magnet Zones and More

GBPJPY is showing two reds with a current green.

Candle Patterns Magnet Zones and More

First basket closed, working on the second basket. Rinse and repeat.

Candle Patterns Magnet Zones and More