Well, if I'm not mistaken, the question was asked sunday morning? If that's the case, the candle in question was the last candle made on March 16th, the inside bar (red doji), right next to the huge green bull candle. To be honest, I wouldn't have read anything in particular from that candle signal. I'm not exactly sure what you mean by candle signals (single candle, dual candle?) and quality setups? This probably goes to the heart of the strategy, and appreciate u might want me to work for it a bit more. I understand the concept of time frame dominance (higher > lower) and follow the logic of bossing and catching lower time frame fractals in the direction of the larger time frame move. Can we continue the lesson with the current Eurousd 4 hr candle that just opened at midnight? I will also check out the dow thread..
Yes my trading mostly revolves around these backtests and obviously their fakeouts which got other peculiar characteristics. There's more but I like to keep it simple, not too many timeframes, just quality over quantity. I like to trade hard but not too often, and not very interested in small gains, this requires massive patience or lot of work using multiple instruments, depends on my mood I suppose. Best of luck to you, good blog and thread, you have a kind spirit.
Thank you for supportive words. My view on simple vs complex is the following: baby first learns to stand, then walk and then run. So it's always better to get consistent with the basic stuff, learn to see nuances of simple setups (good focus and experience in trading simple setups can dramatically improve one's edge in trading them) and only then add something else as an extra tool. It's not only trading, it's learnt this way in nearly every area of human activity. That's why I show simple, even primitive setups often, while being sure they are easier to understand than complex ones and knowing for sure they "work" (in quotes, cause everything works with enough experience and nothing does without it).
Cornix, making a new handle just for this post ?! just kidding... I like the xspurt et al contributions in this thread keep them coming ...
LOL. I think it's good we have different opinions and should consider them all, driving the thread in a way, which most readers would like. So some constructive suggestions and criticisms are appreciated.
Here is my first scalp today, I was expecting a test of yesterday's high, but did not happen so far. So after the triple top , shorted the pullback after the break of a minor trend line. (did not hold long though, since we hit the channel line.)
Thanks. It's not just me, but everyone who constructively participates makes any thread quality. So everything is in our hands.
Thanks achilles28, I wanted to see if your candle reading skills were up to the job for making use of your multiple time frame skills. Unfortunately I am too pushed for time to take you on a course of speed speed candle set ups If you Google single candle signal set ups you should be able to get what you need and I have covered some of this on the Dow thread. Your question was relating to how I predict moves and it is part fast candle signals plus Hurst cycles. Also using the techniques Cornix demonstrates here on multiple time frame analysis will keep you on the right side of the moves which is really the most important part.