One-Candle Pattern GBPSGD H6 image

Candle Patterns Magnet Zones and More

One-Candle Pattern GBPAUD H6 image

Candle Patterns Magnet Zones and More

I have one single-candle pattern and several two-candle and three-candle patterns. I’ll note each pattern along with the timeframe.

Candle Patterns Magnet Zones and More

Right now, it’s about 05:30 broker server time, so we’ll be looking at the 06:00 timeframes like H6, H3, H2, and H1 for candle patterns. Nothing is final until the candle actually closes, but we can check the setup now and look to trade around 05:55 ...

Candle Patterns Magnet Zones and More

I created a table for those who want to follow along, so they know when to check the timeframes they want to trade or analyze for upcoming examples. image

Candle Patterns Magnet Zones and More

The majority of posts will be on identifying candle patterns since that’s the main purpose of this thread. I’ll cover magnet zones and other topics over time, but the main goal is to identify and solidify candle patterns. I’ll start by going through ...

Candle Patterns Magnet Zones and More

On the main page of ForexFactory, I still see messages from someone on my ignore list. For the entertainment value, I clicked on the LOL message, and yeah it’s just more nonsense. image And your point? AI is just a tool, like a calculator, search ...

Higher Edge within a Single Candlestick

About the Trump news, it's a good point. Big news can definitely add volatility and make things less predictable in the short term. But the technical one candle setup was already showing a move before the news came out. News can speed things up or ...

Higher Edge within a Single Candlestick

Interesting perspective. Directly mapping the Monty Hall problem to trading seems tricky because markets are more dynamic and less predictable. As for Renko, the fixed size bricks filter out fluctuations, and the sequence of possible price movements ...

Higher Edge within a Single Candlestick

I’m not live trading the single candle pattern or other candle patterns, but I want to start demo testing them since there’s interest. Through the demo testing, a forward test could be done, but I’ve backtested plenty, and it’s definitely not bad. ...

Higher Edge within a Single Candlestick

Just checked the CADCHF D1 single candle pattern this morning, and it looks like a downward push is likely. Just sharing for the single candle analysis. image The same for USDJPY D1. image

Higher Edge within a Single Candlestick

You don’t own this thread, and unless you’re the thread owner, you have the same posting privileges here as I do. Acting like you control who can or can’t participate is pretty arrogant. The Ignore button is there for a reason, and it works ...

Higher Edge within a Single Candlestick

Well, your opinion doesn’t change reality. Many traders dismiss strategies or concepts simply because they don’t understand them, haven’t seen them work, or have personally failed at them. I have a structured, repeatable approach with clear logic ...

Higher Edge within a Single Candlestick

I created a table for those who want to follow along, so they know when to check the timeframes they want to trade or analyze for upcoming examples. image

Higher Edge within a Single Candlestick

No problem, I'll keep the upcoming examples coming then!

Higher Edge within a Single Candlestick

Cool, as long as there's interest, I'll keep posting more examples as time allows. The one candle patterns happen several many times per day. The only thing I don't like is having to actively search for them right before the current candle closes. I ...

Higher Edge within a Single Candlestick

Yes, but the challenge is figuring out if some candles can contain enough information to make reliable predictions. That’s why I’m only using the information in single candlesticks and not considering other factors. I’ve identified a one candle ...

Higher Edge within a Single Candlestick

The CADCHF H12 candle previously mentioned had a proper closing price, so the expected move should play out. Since it's a 12 hour candle, it'll take some time, likely within one to max three candles. This prediction was based only on the information ...

Higher Edge within a Single Candlestick

With a few minutes left to closing price, CADCHF looks better than SGDJPY. SGDJPY is closing too high. It’s still likely to move down within a few candles, but not as decisively perhaps.

Higher Edge within a Single Candlestick