iam finding it tough to find signals on 4hr eu charts, using this method. anyone else finding this ? it seems you need to wait several days before a signal appears, that too may not go in your favour.

Buy sell line trading

please see your post 184 above. if you do not wait for the candle to close, then obviously you do not wait for the gap upto place pending order 2 pips above. i also refer to some of your previous trades where you did not wait for the m30 candle to ...

The MotherFibber

. No pangu doesn't wait for a gap above he enters trade immediately the 81 pips is passed on m30 which is what I did

The MotherFibber

Sure the charts were different live. But it was a valid setup as you can see on 4hr move over 81 pips. Did you not take this trade if not why not ?

The MotherFibber

image m30 chart showing long entry where two blue lines cross.

The MotherFibber

see attached 4 hr chart. downmove from first blue line to second blue line over 81 pips. you then scroll down to m30 and enter a buy, as long as there has been a retrace from the extreme low. i entered at 13136. stopped out - 30 pips.

The MotherFibber

stopped out - 30 pips. sorry, this system aint for me. bad risk / reward ratio. in the long run such bad r:r systems dont work out. i won two trades this week, +10 pips, then +10 pips. now a loss of -30 pips. so overall down by - 10 pips this week. ...

The MotherFibber

81 pips down move to 13130. so a buy trade taken on current m30 candle. entered buy 13136. anyone in on it ? but it looks like this one will be a loser. already has gone near the low of extreme bar. so, stop moved to break even. will either get out ...

The MotherFibber

this method is not profitable in the long run. and that is why team apphid abandoned it. it doesnt work unfortunately. team apphid are now using other methods, anyone wishing to try this method should be very careful and not have high hopes.

The Bat...a strategy by Team Aphid

but you normally enter trade before the m30 extreme bar closes, do you not ? i usually wait for it to close, but yourself you enter once the 81 pips is hit and the m30 retraces a bit then you enter. as per your previous examples. so why did you not ...

The MotherFibber

i will be back trading gold next week. look forward to u guys...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

why no trade ?

The MotherFibber

not really. remember there could be losses too. this method has bad risk reward of 2:1. i dont usually touch anything that is less than 1:1 risk reward. but iam just testing this method out. you only have to make 1 or 2 losing trades a week to ...

The MotherFibber

a recent up move of 81 pips ended at level 13174. so, a sell is to be taken. but, the extreme candle is over 32 pips in total length. so entering a sell at the low of the extreme candle may be risky. what say you people ?

The MotherFibber

if you had followed rule 7 , then you would have come out at B.E. why did you not follow rule 7 in this case, as the price did retrace to almost the SL.

The MotherFibber

where did you place your stop on this trade ?

The MotherFibber

well, i cant babysit this trade any longer. thinking of getting out at .B.E. will move my stop to be and leave it, as i need to go out..

The MotherFibber

sell signal on m30 level 13135. eu. anyone in on it, or disagree ?

The MotherFibber

the red bar u highlighted as trend extreme is incorrect. according to the rules, the green long bar before it should be the trend extreme bar. and as this bar was too long, we see it as a no trade and wait for the next 81 pips move.

The MotherFibber

i meant how many m30 candles do we wait ? before we consider a new 81 pips move. do you adjust the fibo every 30 minutes as the market keeps on moving, and then base your 38 fibo level according to each adjustment ?

The MotherFibber