Well, I do not know whether professional traders use or do not use fibs in their trading. However, what is posssible is that orders are clustered around these level because of emergent properties, similar to correlated colective behaviour of crowds ...

Using WM/Reuters Benchmark Rates in trading

Thanks, and I just want to say that you are doing a fantastic job both here and in the Robot lab. I think this not trading dojis or support/resistance considerations are just some of those things that arise from the context (other candles before ...

HA_Rider (A Robots Lab EA)

Hi, read about price action as seen in Heiken Ashi candles and observe it on the chart. You can find tons of material online. That should help. Doji/spinning tops are the Heiken Ashi candles having a long upper and lower shadow and a short body. ...

HA_Rider (A Robots Lab EA)

Hi, for this I just look at the daily at midnight my time (GMT+1). Note that I do it with a decreased leverage as compared to TyLamai's and Rooi's explorers, and this is why I am trying to pick the "best" pairs. I am not sure if I am outperforming ...

HA_Rider (A Robots Lab EA)

I have decided to give a small twist to the TyLamai's method, which I chose to trade manually. It is really not difficult to glimpse through 15 pairs for five minutes at midnight , and I am trying to wean off Windows and MT4, so an MT4 EA is ...

HA_Rider (A Robots Lab EA)

An improvement is to go with LWMA envelopes, since LWMA has a lag of period/3, whereas SMA has a lag of period/2... image

The Great Pumpkin

Not working as expected, price went up almost 100 pips. Even though one could argue that a bounce from the brown envolepe could be expected in the picture above, the agreement in direction of the four envelopes/MAs was suggesting a more likely move ...

The Great Pumpkin

I am not sure if one can determine stop hunts in advance just based on those data. If it were me, for the stop hunt, I would check (a) the trend, (b) open positions, for example from Oanda labs on the cheap, or just by anticipating where technical ...

About Candlesticks: Why they were created? What do they reveal?

Envelopes on gold, inspired by Jim Hurst's book. I vote for down, based on this. image

The Great Pumpkin

Interesting, thanks for the explanation! k

Trading consistently for profits

His book "Trades about to happen" is quite exhaustive with examples. You might want to read some Wyckoff's work first. k

Looking for Weis Wave indicator MT4

Cutting losses short, adding to the winners and letting them run. k image

EURUSD

Could a (simple) moving average play a role of continuously updating "balance" in this picture? As I guess the lines you put there are somewhat arbitrary. k

Trading consistently for profits

She is apparently suspended by a senior member. To my knowledge, the senior members do not have insight into her IP addresses, they can see only what we have all seen on this thread. And I personally did not see any breach of rules. k

Trading consistently for profits

k P.S. Nothing wrong with the French, had a great time. file image

About Candlesticks: Why they were created? What do they reveal?

In my opinion, the biggest problem with the binary options is that one cannot let one's profits run. k

What is the catch with binary options?

Ok, my attempt: the red line is a fake move aimed to create liquidity (herd traders/algos/stop loss) for a large order in the opposite direction, a buy order executed in steps during the period shown in yellow. The balance is one of liquidity. After ...

Trading consistently for profits

I count 8 and 6 candles, in the left (yellow) and right (red) moves, respectively, so this is probably not the solution of the puzzle. I guess the best is to let pinktrade give more examples when it will be convenient for him/her... k

Trading consistently for profits

Hi, why do you think that the two moves are in equilibrium/are equal in this plot? k

Trading consistently for profits

030985 & Nijee: I'll upload the up/down volume indicator I have made when I am back at my computer the next week. Salut de Paris! k

About Candlesticks: Why they were created? What do they reveal?