₦airaland Forum

ayoola190:
12:15 signal

LOST

you still make the same mistake on the 8th signal

ayoola190:
9:30 signal

LOST

The bearish Engulfing pattern spotted on the 7th Signal generated is not valid. the close of the bullish bar is 0.74494 while the open of the bearish bar is 0.74493.to get a valid bearish engulfing signal at that level,the opening of the bearish bar must be higher than the close of the prior bullish bar

kindly confirm it from the attached file

ayoola190:
8:30 signal

LOST

The 4th signal at 8:30am you claimed that you lost is not a valid bearish engulfing pattern, the value of the close of the prior bullish bar is higher than the open of the bearish bar you claim to engulf it, therefore there is no presence of bearish engulfing pattern go back and check the value please and see the chart to confirm it.

ayoola190:
IT HAS JUST BEGAN!!!

Project starts by 8:00a.m. to 1:42p.m. daily as time permits.


LOST

Ayoola190: This is your 1st trade of the day i don't know the reason why you lost it because the signal generated was a clear cut winning

shalom123:
BOSS DON'T GET IT TWISTED OOO! IT WAS SAME THING MY OGA WAS TEACHING,JUST THAT I ADDED SUPPORT AND RESISTANCE...MAKE UNA NO LET MY OGA COME FEEL SAY HIM BOY DON GROW OOO!...OGA ACCENTUATE ANYTHING FOR ME PERSONALLY APART FROM THE NORMAL TRADING PATTERNS AND ALL THAT...I LEARNT ALOT FROM YOU AT MY BEGINNING,YOU NO GO KNOW SHA BUT I LEARNT ANYWAY.

@Shalom123: welldone you really impress me with your support and resistance keep it up bro!


I just log in now to see various chart posted by Ayoola, I laugh with some of his comments regarding the assignment i asked him to do.Instead of him to open his hearth to learn the rudiment of the system is faulting it. i don't like to post my result here because i will see it as if am oppressing but i purposely post the result of my 2 account using purely candlestick reading.I use bosscapital and beeoptions.I trade beeoptions in the morning with the maximum trade of 5 and trade bosscapital in the night with maximum trade of 6. Any result i get from the set target i quit trade for that day.

ayoola190:
IT HAS JUST BEGAN!!!

Project starts by 8:00a.m. to 1:42p.m. daily as time permits.

IF you trade it that's your first won trade of the day-PUT SIGNAL


Ayoola please don't digress from the assignment given remember open demo account trade between now and Friday and let us see your result because i really want to use you as a case study to prove that the system works unless you fail to follow the set conditions.In addition to that, you must have a trading plan.Everyday Ask yourself the following questions before you start using the system:

1. what is my trading period when using the system?

2.how many trades i would like to be placing daily?2 trades,3 or 4 trades daily?.after you achieve your number of trades quit for that day

3.I would like to be using 2% or 3% of my total balance when i spot a valid trades

4.If i get 3 losses at a stretch using my normal 2% or 3% of my initial capital using the system would i quit the trading for that day or i should continue trading until i recover the 3 losses?



See you later in the night

ayoola190:
You are better off with 17th and 36th candle. Those are the only two setup I see based on his explanation.

To get these setups is not going to be easy as you will have to wait wait and wait.

Yes Ayoola you have to wait because that's where discipline and patience comes in, valid signal and set up is not easy to get but once you get it, you will always smile to the bank at the end of the month because your profit will outweigh your losses.

I normally trade 15 minutes time frame and set alarm to alert me every 15 minutes to check whether i have valid set up.

GOOD THINGS COME TO THOSE WHO WAIT FOR IT!

ayoola190:
You have spoken well and am going to try it out again because of the respect I have for you, even though have tried the system before. But this time, its going to be in the open and everyone learns.

Starting from tomorrow, am going to post charts of the exact setup described by you, as time permits and may not necessarily be everyday. I think the most important thing here is the profitability and not the number of trades in a day.

I wish not to prove you wrong as the success of this project means a lot to me.

I really understand your point God in his infinity mercy will help us all. For you to pick something out of this system,Forget what you know about engulfing pattern in the past follow the 3 conditions as highlighted and trade major pairs with the system.

you will see marvelous changes in your trading by God's grace.

I will advise all the newbies to follow the same process so that we can take it from there.

ayoola190:
I understand your point as I have personally tried trading with candle pattern. The truth is that it is practically difficult if not impossible to trade binary using only those patterns. There is more to it, either candle pattern and S/R combo, or you apply it to other strategies.

I also appreciate the efforts of Sunwalk, Accentuate, among others. I believe that a trader who sincerely wants to teach newbie (especially) will carry them along with live trades for like a week. This will not only give a thorough explanation, but also expose the trainees to the reason behind every trade and we both calculate the profitability.

This is my humble opinion as you all have to bear with me. Am not criticizing anyone. Am saying this because some strategies posted here are not profitable has claimed. Take for example, using only candle formation pattern without any combo.

NOTE: Am just talking based on the little experience I have in trading and can be proved wrong with live trades.
No one should get it twisted

@Ayoola190:The only system that you can confidently trade and ever stand the test of time is candlestick pattern because if you really understand it you feel the rhythm of the market. indicators are built on the reaction and impulse of candles. you don't need any combo indicators to trade with candlestick all what you need is to understand the criteria and conditions need to be met before trading any candlestick pattern be it Engulfing pattern,Shooting star,piercing pattern and others.

Regarding your comment of carrying newbies along with live trades, last year before nairaland site was hacked i suggested to run live candlestick class here on this thread at no cost so that we can all understand the pattern but nobody signify interest.now i don't have that time because am occupy with so many things.

I Have nothing to prove because i know that the system work perfectly well if you follow the criteria and the conditions duly. I think is you that will prove to newbies that the system rocks if you can permit me to give you one small assignment for 1 week starting from Monday.

1. Open a Demo account with any brokers of your choice

2. Follow the Criteria as specified on this link https://www.nairaland.com/1897325/binary-option-free-alerts-strategies/32 when trading Bullish and Bearish Engulfing Pattern

3. Trade only bullish and bearish engulfing pattern

4. I know you understand engulfing pattern but try to be submissive and follow the conditions of trading the engulfing pattern as rightly highlighted

5. Give us your feedback on Friday am very sure you will definitely sing a new song and your mentality will change towards trading candlestick independently with their major pattern.


With the screenshot you posted if i were there when the formation occurred, i will confidently place 2 valid trades


always remember the KISS Concept.

K-Keep

I-It

S-Simple

S-stupid

samfaj:
Ok...i will make some screenshots and post it later....MONEY MUST BE MADE IN THIS YEAR...!!!!

Cool!

samfaj:
Chai! Oga accentuate, there's nothing added to it ooo...i only mastered Bearish/Bullish engulfing, hammer and shooting star....and waited 4 d opportunities to come....To d newbies in d house, just take ur time, study and practice it....don't be greedy....d sky is ur limit...!!!

see the the words in bold that's what newbies needed from you.

samfaj:
Candlestick pattern uploaded by oga accentuate, that's what am using.

@Samfaj: kindly explain how you use it for them may be my own explanations are very technical

mikeamosu:
I Aint sure I understand u ooo... by quoting me, are u saying i'm requesting for strategy ni?

no is just trying to buttress your point not that is saying you are requesting for strategy

omejeo:
boss accentuate pls address this issue thanks

If you analyze on 1 minutes time frame your Expiry is 60 sceonds

5 minutes time frame=====>5 Minutes Expiry

15 minutes TF===========> 15 Minutes Expiry

30 minutes TF===========> 30 Minutes Expiry

60 minutes TF===========> 60 Minutes Expiry

you can trade any time if yo are using candlestick formations to analyze your trades so far all the criteria are met

2sExy1:
Accentuate, what makes a candle engulf another? Is it when the engulfing candle closes higher or lower than the previous candle in a u trend or down trend, even I it's just the shadow that made this occur? I do know that the engulfing body often has a longer real body that the previous one.

Thank

The engulfing pattern is a major reversal signal(Bullish or Bearish Engulfing pattern) with two opposite color real bodies composing the pattern.

According to Steve Nieson, for a perfect engulfing pattern to occur it must meet three criteria

1. The market as to be in a clearly definable uptrend or downtrend that's why in my own version of trading bullish or bearish engulfing pattern i must see atleast 3 or more consecutive bullish or bearish move before the engulfing formations.

2.Two Candlesticks comprise the engulfing pattern. The second real body must engulf the prior real body (it need not engulf the shadows)

3.The second real body of the engulfing pattern should be the opposite color of the first real body.

NOTE.If above criteria are not met please don't pull the trigger.

To make myself clear on the 3 criteria mentioned above,find attached a screenshot that summarize all the criteria.

2sExy1:
have you read the book by steven nixon? it's one of the best book out there on PA... it has everything you have mentioned. I pray I can finish it before the month end...

all what you need to know about candlestick reversal pattern inside steve Nieson book is what i have summarize for you on the screen shot posted. Am trying to Cut your 20 years journey of reading steve Nieson book into a day journey. I read the book 7 years ago and i read it 5 times before i can understand the application. when reading the book it sweet you but when you are face with real time candle movement you find it a little difficult to understand.

accentuate:
Candlestick Reversal Pattern- Tweezer Top and Bottom

Candlestick Reversal Pattern- Bullish Counter attack

accentuate:
Candlestick Reversal Pattern-Shooting Star


NOTE:- We have Shooting Stars In Variation but the best shooting star you can trade confidently well is the one that shows after consecutive Bullish moves atleast 3 or more bullish move before the shooting star surface

Candlestick Reversal Pattern- Tweezer Top and Bottom

accentuate:
Candlestick Reversal Pattern-Piercing Pattern

Candlestick Reversal Pattern-Shooting Star


NOTE:- We have Shooting Stars In Variation but the best shooting star you can trade confidently well is the one that shows after consecutive Bullish moves atleast 3 or more bullish move before the shooting star surface

accentuate:
More Examples

Candlestick Reversal Pattern-Piercing Pattern

accentuate:
More Example on Candlestick Reversal Pattern-evening and Morning Star

More Examples

accentuate:
More Example on Candlestick Reversal Pattern-evening and Morning Star

More Example on Candlestick Reversal Pattern-evening and Morning Star

accentuate:
More Examples on Dark Cloud Cover

More Example on Candlestick Reversal Pattern-evening and Morning Star

accentuate:
More examples on candlestick pattern

More Examples on Dark Cloud Cover

accentuate:
if you check the system very well is a combination of Indicator and price action base system because you need to identify divergence between the price within the bollinger band and stochastic to get a valid trade. The challenges a lot of traders are having is how to identify divergence between price and indicator, if you can't identify divergence, to trade the system successfully will be very difficult.Negative and positive divergence. As for the candlestick thing, i have said it here several times that people should atleast try as much as possible to understand the Major reversal pattern so as to increase their trading arsenal. I even suggested to run candlestick class here on this thread at no cost so that we can all understand the pattern but nobody signify interest and i kept my mouth shut.

find below a typical example of candle reversal pattern you need to know, you can as well trade it without adding any indicators or whatsoever

More examples on candlestick pattern

2sExy1:
but I still need a knowledge of PA to use it, right?

as i have said earlier is a price action base indicator system. Divergence itself is a price action because is showing price reaction in relation with indicator

2sExy1:
do you have the page where you posted it? I like. That method but have. Challenge making a good trade... Maybe I should look at it again.please what. Page is it?

https://www.nairaland.com/accentuate/posts/3

But make sure you understand divergence very well.

2sExy1:
even at that, one still needs PA cos I remember an indicator, I think it was Bollinger band system, you posted..
I followed your explanation but found out that one can't. Succeed with it without knowledge of PA. Going through Steven Nixon's Japanese candle stick pattern now shows the remarkable power of PA... With knowledge of price action(PA) you trade ANY commodity... I mean any... Be it stocks, oil, bonds etc. I just finished my first part yesterday--hammer and hanging man. Now going to Engulfing patterns.... There are about 8-9 reversal patterns in all.

if you check the system very well is a combination of Indicator and price action base system because you need to identify divergence between the price within the bollinger band and stochastic to get a valid trade. The challenges a lot of traders are having is how to identify divergence between price and indicator, if you can't identify divergence, to trade the system successfully will be very difficult.Negative and positive divergence. As for the candlestick thing, i have said it here several times that people should atleast try as much as possible to understand the Major reversal pattern so as to increase their trading arsenal. I even suggested to run candlestick class here on this thread at no cost so that we can all understand the pattern but nobody signify interest and i kept my mouth shut.

find below a typical example of candle reversal pattern you need to know, you can as well trade it without adding any indicators or whatsoever

khayc:
What is the percentage guarantee of wins for this strategy?

please i will advise you not to make payment for any system advertise on this thread,just pick any of the system posted previously and follow it religiously all system posted here are still working perfectly well. the challenges binary option trader face here is their inability to stick with one system.I can categorize all the posted system here as follows:

1.Price action system(Nicked Chart)

2.Candlestick pattern

3.indicator base system

4.News Trading system

5.Random Trading system(25,50,75,100,Random Bull & Bear,Ying & Yang and others)

all the system posted on Binary options free alert/Strategies right from inception of this thread falls into the categories stated above.

HOW TO CHOOSE A WORKING SYSTEM FROM THIS THREAD AMONG THE PREVIOUSLY POSTED SYSTEM

1.Decide on which categories you want to focus on

2.having decided your area of system Concentration, Pick any previously posted system on this thread base on your area of concentration

3.focus your attention on the system you pick and close your eyes from any new system posted afterward.

4.Marry the system and follow it religiously. if you are not clear on the system application contact the person that post the system and explain your challenges to him am very sure you will get response from him or her as soon as possible.

5.you can as well tweak the system to give you a desired win rate if possible.

That's my little advise to you.

To understand the explanations above, take this as my token for the New year.

1 HOUR STRATEGY

This system combine indicator and price action base category and if follow religiously you are sure of getting 80% win rate at the end of the month you can only get maximum of 2 signals on each pairs per day and some times you won't get signals from any of the pairs.

HOW TO PLACE CALL SIGNALS

STEP 1 :- Open any major pairs and choose 15m time frame and add 10 Momentum Indicator

STEP 2:- Look for Divergence between the price and the indicator

STEP 3:- Draw Horizontal Line at the highest Momentum price in the Divergence Range

STEP 4:- Wait for the candle that will cause the momentum to break the horizontal line

STEP 5:- After the closing of the candle and the momentum break up Buy a 1 Hour CALL Option

STEP 6:- Wait for the option expiry to Earn money $$$$

NOTE: Reverse is the case for PUT Option.


I will send screenshot shortly for clearer picture of this system.

mikeamosu:
The question is if u r ready to learn....
Start from babypips.com and u'll find ur way from there..... Start bylearning the basics of forex and how to use the Mt4 platform
After then u can contact me or anyone with questions, my number is in one of my recentposts on this thread

@Mike you are perfectly right, start from babypips and try to learn the rudiment.

omakay:
That's a nice combination of patterns you have there.

I think the next project is to get efficient indicators that will do the calculation and automatic detection.

It makes more sense now that we know what our signals should look like and also the outcome.

I have already started here.

Any suggestions or criticisms?

I have already started working on the coded indicators for the pattern and also to auto trade it.I will keep you posted