Thanks for the info so far. Helping heaps already!
Hi mud,
I’ll try to help Nas by replying to the questions.
It sounds like you’re asking if we can see the other timeframes immediately. The answer is yes. Let’s say the 4hr candle just closed 1 min ago, now you can see 1hr 30m 15m immediately, remember the +3hr45mins on vertical line attached to the last 4hr closed candle.
Hi Nasdin,
Can you explain how you use volumes? How do you use it to filter your entries and so on.
Thank you!! :44:
I understand that. What im asking is, if there is no trade right then and there, how long can you keep going back and checking the charts? Not only that, what happens when your checking your last pair and 30 min has passed? Do you look at the most recent bars?
Mud
I better leave that for Nas to answer. I’m getting confused myself. If I’m not wrong, you can wait for the next candle to be same as the other time frames then take the trade on H1.
Of course you look at the most recent bars, especially if you’re doing the fib retracements. Use latest corrections.
Using Volumes
We use volumes when we find that a candlestick has wicks greater than its body, which is the most obvious, but if you are more observant, candles with long wicks also apply, not necessarily the wicks have to be greater than the body.
We are not really interested in the colour of the candlestick as sometimes it can be bullish in colour but it is actually a bearish signal (e.g almost bearish pin bar)
What we do with this kind of candles, (e.g dojis, spinning top, almost pin bars,) would be to look at volumes.
In the volumes, we have to compare the volumes of this current candle and the previous candles before it.
In this case, we see that the volume inside this candle is much greater than the previous candle.
However, the amount moved ( the body ) is much smaller as compared to the previous candle
How is it possible that it has a larger volume, but its body is smaller? Where is the money going to?
The money is going bearish, which is why it did not go up more, even though there is more volumes, but instead it goes up less.
Therefore, this is actually a bearish signal.
Another few examples:
Much higher volumes than previous candle, but the price isnt moving further down as compared to the previous candle!
Hope this helps,
Nasdin
If you can recognize greatness, this is one right here. This knowledge is gold and can prevent you from taking losing trades.
I don’t have enough words to express my gratitude. This information is invaluable.
May my one million thanks become green pips for you.
Thank You!! :60:
[B]What to do if you are late to check the charts[/B]
If you are less than 1 hour late.
Check as per normal:
For example:
8 am 4hr bar closed ( It is now 12pm)
However, you came to the charts late at 12.30pm.
Just check as per normal
8 + 3 hours = 11am ( check the 11am 1hr candle)
8 +3.30 = 11.30am ( Check the 11.30 30 min candle)
8 +3.45 = 11.45am ( check the 11.45am 15 min candle)
Just see as per normal.
[B]What to do if you missed your entry?[/B]
Sometimes when you come late, the current candle has already exceeded your entry level.
In this case, you may have to wait for price to come back to your entry level or you can wait for the hourly candle to close, see next step:
[B]What to do if you are more than 1 hour late and you missed your entry?[/B]
I shall explain using this example:
You came at 1pm
It was a valid entry back at 12pm but you missed it and now price is beyond the entry level.
You can now either wait for price to come back [B]OR[/B]
Look at the 1hr close of the 12pm 1hr candle ( no longer 11am)
Look at the 12.30pm candle 30 min chart
Look at 12.45pm candle. 15 min chart
So, what we’ve done here is that we are now looking at the 12pm 1hr candle( we added 1 hour)
If we are 2 hours late, we can add 2 hours and check the candles.
Only do this, if it was a valid signal and you missed your entry.
[B]What you can do if you are more than 1 hour late into the chart but it was an invalid signal[/B]
In this case, you have the privilege of doing what mudbloodz says, you can keep checking the candles until they all line up.
For example: @ 12pm
8am 4hr candle bull
11am 1 hr candle bull
11.30am 30 min candle bear
11.45am 15 min candle bull
In this case, we cannot enter as it is an invalid entry, but we cannot purposely wait 1 hour to make ourselves late to see that whether we can get another entry:
You waited for the 1hour close and now it is 1pm
8am 4hr candle bull
12 pm 1hr candle bull
12.30 pm 30 min candle bull
12.45 pm 15 min candle bull.
In this case, by waiting for them to line up, you can also get another entry despite previously being an invalid trade.
Hope this helps(somehow)
Nasdin
[B]QUESTION 4[/B]
Doji --> see volumes if there is any increase in volume between this doji and the previous candle.
Check the volumes section on what to do.
However, if there is no problem with volumes --> see CCI pattern.
If it is a spinning top, just take the colour of the almost pin bar as per normal if there is no problem with volumes.
Only dojis and really protruding almost pin bars will you then have to check for CCI.
[B]Question 5[/B]
If CCI is diverging against you, you will have to trade from a fibonacci retracement instead of using a sell stop/buy stop.
You will have to draw fibonacci retracement either on the candle itself or on the current wave ( depending on the situation) then place a sell limit/ buy limit at the 50/61.8 retracement.
[B]Question 6[/B]
Yes, TP, SL, is all done on 1hr chart.
This is actually a 1hr system but using 4hr chart to check for overall direction.
[B]Question 7[/B]
Trailing stop is not on auto.
We trail whenever a new retracement/corrective wave forms and when fib is measured on it, the 200th level of that wave surpasses our TP location.
And yes, we are manually shifting our SL via the method explained in the guide to trail our position.
Thanks mate!
I’m slowing getting into this… 
But the CCI indicator still confuses me, can someone explain how you use it? For divergence and identifying overbought/oversold.
Thanks.
You use CCI for hidden divergence/ divergence and the CCI pattern(green is over/under red) to check whether momentum is on your side.
Nasdin
Thanks Nasdin,
But in the CCI we have a lot of lines, so we need to have all over/under or just the majority of lines?
Regards.
Majority, its not necessarily to have all the lines over/under.
We’re looking for patterns not a crossover.
Regards.
The same with divergence, right?
It’s not been easy to read your manual, many little steps to keep in mind, but every time I open the pdf and read “Master this and nothing can stop you.” just keeps me going
It would be nice if you could post some examples for clarity.
Thanks again for your help.
Examples for trading divergences
Whether its a hidden divergence or a regular divergence, you always need to check for the CCI pattern to be present or else it is an invalid divergence.
Green more towards oversold than the red for buying
Green more overbought than the red for selling.
It’s all about having confluence
I have attached a chart to show the possible divergences during this period.
Regards,
Nasdin
This has nothing to do with anything.
I’m just putting it here as a keepsake of what I think might happen.
This is not a trading signal
DO NOT DO ANYTHING.
audusd H1 9/18/2012 before.
Hi Nasdin, thanks for sharing, can you explain this trade based on your manual? It would help to understand it…
Regards.
No, this is not a system trade.
This is a totally different system.
But anyways, I’m waiting for a convergence of the WPR (to form a sharp V shape)
This should happen around the 162 ema band area, preferably a fake out
When this happens we should expect the price to go up soon.