Never Lose Again

[TheRumpledOne]

gbpusdweekly.png (67.4 KiB) Viewed 2710 times

Trading away from the previous week's candle's midpoint is proving to be very profitable!!

[TheRumpledOne]

PrBias_Trade.tpl

(21.02 KiB) Downloaded 245 times

Hi TRO, can you please post your template above. I tried but I could not quite get it the way you have it. It has a lot of good information on it.

Hoping to see soon that Alert to be implemented in the Above Tops and Below Bottoms indicator. This Indicator would be great for the Dashboard. Would mind putting it on the dashboard so that we can monitor all the pairs for opportunities.

Thanks again.

Ooops.. you posted something new before my post. I meant the "Above Tops and Below Bottoms" template the way you have it.

I attached the template... but you have to have all of the indicators loaded.

[haszar]

Thank you for the Template. Working perfectly.

[TheRumpledOne]

gbpusddaily.png (57.49 KiB) Viewed 2675 times

Frequency distribution showing High - Previous Candle Midpoint and Previous Candle Midpoint - Low.

This shows there is money to be made trading away from the Prev Midpoint!!

[TheRumpledOne]

gbpusdweekly.png (54.13 KiB) Viewed 2674 times

The case for previous week's midpoint is even stronger!!

[TheRumpledOne]

gbpusdmonthly.png (50.25 KiB) Viewed 2674 times

When you look at the monthly chart, it should be really obvious.

* POSITION SIZE = RISK / STOP LOSS.

If the STOP LOSS is at the previous month's midpoint and the trade goes your way, you are looking at hundreds of pips profit.

[TheRumpledOne]

gbpusdweekly.png (33.54 KiB) Viewed 2659 times

Dashboard showing where price is in relation to previous candle midpoint in pips. Color indicates if price opened above (green) or below (red) previous midpoint.

[TheRumpledOne]

usdcadweekly.png (46.13 KiB) Viewed 2619 times

usdcaddaily.png (45.33 KiB) Viewed 2619 times

usdcadh1.png (57.16 KiB) Viewed 2619 times

What is obvious?

[TheRumpledOne]

gbpusddaily.png (39.77 KiB) Viewed 2601 times

When the market opens, I will use this dashboard to show where the opens are in relation to the previous candle's midpoint.

This will be used as a selection tool.

[TheRumpledOne]

eurusdh4.png (85.08 KiB) Viewed 2597 times

Weekly Open Gaps... OPPORTUNITY!!