Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen. I would like a ray of light on the logic that brought you to trade like this, maybe I will understand and move forward cause its a bit confusing the temptation to leave one trade open. When you are experienced, knowledgeable and wise enough to pick the strongest signals from 20 pairs daily charts, why should you spend more time at the computer? I have one question. Making some profit every now and then which is what day traders who trade the shorter time frames do, is very different from being a consistently professional trader.
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Secret john Dec 23, Sengthong Phanalinh Dec 18, Aung Soe Dec 04, Secret john Dec 04, Secret john Dec 02, 7: Peter Jeong Nov 22, Please advise when I use the https: Ohm Asangharoek Nov 20, 6: Oct 24, 1: Santi Jongkongka Oct 24, 1: In your opinion will will happen? Tom Degerth Oct 24, Let's go to 33 and beyond!
Oct 05, 8: Yui Sirinyah Oct 05, 4: I have USD to sell Sep 28, 1: Thapat Patsorn Sep 28, 1: Tom Degerth Sep 28, 1: Aaand a month later it's at So 29 was utter BS. Thank you for your answer Great job. I usually take one position. If the signal is really strong, I close half of it at my first target which is usually the same size as my stop loss.
I leave the other half open to make more money. But I rarely do this. Yes, sometimes I hold the positions for several days or even weeks when the trade setup is TOO strong and it indicates a big and strong reversal that moves the price for hundreds of pips.
I sometimes trade based on the weekly any monthly charts too. Therefore, I will have to hold the positions sometimes for several weeks. Yes, it was a bearish signal, but was not confirmed by candle 7. Candle 7 had to be strong bearish candle to confirm candle 6. But it close with a bullish body which mean most probably the up movement would be continued. So no short setup there. The pin break out we are talking about is more dependent on the trend of the bb whether upward or downword and not on the type of the candlestick.
The candlestick reversal pattern could be bullish or bearish candlestick with a long upper shadow piercing the upper bb. My target order is limited to the next day movement…: Usually I will be out the next day. However, when the trade setup is too strong I hold the position for a longer time.
Hi Kamel, Thanks for your articles and showing us your trading method. It is not necessary to tell us the setups Before you enter.
Just tell us one time each week what setups you entered during the week? If you dont have the time for writing too much details, just a few lines is okay and we can try to understand the reasons for entry by ourselves. If you are comfortable with doing this, it would really be too useful for us and future followers of LuckScout. Many of us are learning by looking at examples of real trades, the more the better!
If you are not comfortable to do this, then please dont worry, we understand! Ash, you are welcome. Actually we took a weak position this week and Chris is supposed to write about it. Account size has nothing to do with the time frame. You just need to take smaller positions. You can calculate your position size here: Dear Chris i worked with several demo accounts with several methods.
Hi Majid, They work on all time frames. However, the problem is that the shorter time frames have become unreliable on market. You could trust the one hour chart 5 years ago, but now it works like a 1min chart.
So I do not recommend you to use short time frames. Hi Kamel, been reading your entries and like this day system you have going. It suites me as I work full time and wanted a day type of system to follow and develop that will take me away from the screens. What are the Bollinger Settings you use please? I have read one of the Articles about Scaling up, do you ever use them. It depends on the markets. You never know how many trade setups they form.
Yes, I still check the same pairs. I trade the weekly itself. Yes, the SL will be larger, but the solution is in taking a smaller position. How would you trade if a signal appears when the candle closes on thursday and is confirmed by the friday candle?
Would you wait until the monday candle is closed? Or would you just enter your orders as soon as market opens on sunday? Thanks for your quick reply! I have started using your strategy this week; already showing good results!
I have taking some weak setups just to test, which I maybe should not have take as a beginner.. Will demo this till end of this year and try to get comfortable with it. We have already written too many articles about our system.
Thank you so much for the clarification of how you trade, simple and precise. As for the pairs that you trade, you mentioned 15 of them, can you give some clarity into which ones work best for you.
What are the time frames for a short position a long position? Thanks I think you guys may have saved me from disaster thanks from the bottom of my heart! I have a question. You have mentioned above , you use SL and TP both are same size , That mean risk reward ratio should be 1: Thefore do u enough your profit? Pls answer this matter. Please can you write more about your candlestick strategy?
Hi Kamel, nice candlestick strategy, i have a question. Does signal must form and touch moving average one of the candlestick shadow,… or we can also take setup that form a little far of moving average. Jul for example, and would you take 8 Jul setup, i think its valid setup. Have i understood this correctly: In a strong trend, you look for reversal patterns at the middle band, and in a ranging market, you look for reversal patterns at the outer bands?
Hopefully it will come. Hi Kamal, thank you. I would like to know more about your system. Please could you write some more articles. Like indeed in what kind of markets should we take the signals.
I have a question about the target you set. In the article you mentioned that the size of it is the same as the stop loss. In your last example you show trading off the outer bands, I thought you only concentrated on the middle Bollinger band? The next day EXIT before 4: Thank you and Chris very much. LuckScout team open my eyes on how to trade the….
I love this site. Thanks mr chris and kamel. I would like a ray of light on the logic that brought you to trade like this, maybe I will understand and move forward cause its a bit confusing the temptation to leave one trade open.
Thank you Kamel and Chris. Thanks for a great article and some good tips. I can testify that this strategy does work. I followed it in my last 5 trades. All turned to be winners with an average of 50 pips per trade.
Also forums separately for candlestick bb, dbb, and stochastic breakout would be greatly appreciated. Unfortunately Kamel has not participated in any of these activities. That is a great idea though. I have to ask him to start a topic on the forums and let traders follow him. Apologies for the late reply.
I have been occupied so badly, and I am a struggling grad in london, its like being in limbo, but making the best of it. Hopefully we can get an updated forum soon. Cheers Casey, I appreciate the consideration. I have to catch up with the last two months, but il definitely be up to scratch to contribute back to the LuckScout community. Chris in the article it is said that: What are those special signals?
I follow the strong candlestick patterns: The first thing is that they have to be not too sharp or shallow. The other thing is that they have to be validated by the price reaction. It means the price has to react to them, otherwise they are not valid. I already have too many articles about them, but it seems I have to write a detailed article focused on the characteristics of strong SR lines.
Thank you for reminding me. I am adding it to my to do list. Perfectly written and so easy to understand. Thanks a lot kamel. I have one question. Does Kamel hold positions over a day. For instance if his limit order is not triggered does he close the position at 5: This could be off topic, but will you be able to share if USD related pair for instance will move the same way? Does this correlated somehow or they are independent?
Please read these articles: In your first example, the barsih candle is formed below middle band without touching middle band. Are not you concerned about the lower shadow candles 2 in the first chart? One more thing please, because I wanna to falow this type of setup like example in first chart , does the candle must reach middle band , or do you have some rule if not tuch middle band you are in if …? Good work Sir, I will like to know your entry time frame, or still in Daily?
God knows how many times I have read this article. I am not able yet to open position based on setup from the first example, that inside day setup is weak for me, but I think that I will be in the future, when I gain enough experience.
Hi kamel I like your articles very much and read all of them strategy more than once.. So you can trade only one of them. Is this something you are happy to live with or do you have a way of trading inside the bands? Thanks for sharing a clear and profitable strategy. I just got stopped out because the trend continued upwards despite a huge breakout candle, one of several, piercing the top bb. On the first reversal candle I went short but the next candle blazed upwards.
What was I doing wrong? Thanks for your help in advance. For the trades that you limit your TP and SL to a 1: I usually allow the market to go on its own way. So I let the position work. Hi, Thank you for your article on how you trade the daily. Perhaps you or a reader would answer. I close trades before the Friday close. Therefore, if I were to take a trade, I would do so only if I thought there was a good chance the trade would go into profit before the Friday close.
Now, it sometimes takes four or five candles for a trade to move into profit. Should I therefore not take trades on the daily beyond Monday? Where is your cutoff? How do you work it? I really like this article. I trade only from the daily chart too.
The hardest part I had to learn was patience but now I trade with so much confidence and less stress. I mean 1k to 10k standard lots. Leave a Reply Cancel reply:. Your email address will not be published. Notify me of followup comments via e-mail. You can also subscribe without commenting.
This eBook shows you the shortest way to acheive Success and Financial Freedom: Is It worth to Become a Forex Trader? How to Become a Professional Forex Trader? Article by LuckScout Team. July 14, at April 30, at 4: July 14, at 1: July 15, at 2: July 15, at 3: July 15, at 1: July 16, at August 4, at 2: August 4, at 3: August 4, at 9: August 5, at 1: August 5, at 6: March 31, at 2: August 7, at 9: August 8, at 2: August 14, at 5: January 1, at August 17, at August 18, at 4: August 18, at 5: August 18, at August 21, at 9: August 27, at August 31, at September 2, at September 2, at 1: September 8, at September 23, at 6: September 23, at 7: September 25, at 6: September 25, at
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