Main Chart - After Exit
Regards,
Muthu.
Chennai.
India.
Its working :)! but how do i get my 20min chart online? i mean the market is open and want to try it out 
i changed the multiplyer to 4 and checked the allow ddl imorts, other than that i didnt change anything. thx 
edit clarification its online,but says offline, and i cant press the 5 minute while “on” the 20 min, is this possible or is it just working this way, its still good tho just wondering
It says off line but it is actually on line it should update live
Happy New Year! I’m just getting back into trading after the holiday. You guys have done an awesome job maintaining this thread, and I will try to post my trades as much as possible.
Main 40Min Chart:
5 Min Chart:
Main Chart after:
I was at work, so i couldn’t properly manage the trade. Otherwise I would have traded 2 positions, moved SL to break even etc.
Welcome back and Happy new year. Hope you had a good holiday
you can load 5 min off line also
A beautiful text book “Evening star” pattern that formed after a long time. Has it become a rarity or is it just that i was not able to spot one ? Anyways, this is one pattern i found to be very reliable when formed on top of bollinger bands especially on higher time frames.
Main Chart
5m Entry/Exit
Price Action was walking along the lower bollinger band for a while, keeping in terms with the strong downtrend that formed on the main chart. The candles did not even come close to the mid bb.
Main Chart - After Exit
There was absolutely no drawdown from the point of entry showing how strong and reliable such patterns are.
Regards,
Muthu.
Chennai
India.
Hi Evancds,
Happy New Year and Welcome back to Adventures in Candle stick trading. On your main chart, try to get rid of starcs as they are not required there. Keep your charts coming (Both Profit and Loss) so we learn from them.
Regards,
Muthu.
Loppan:
Save each pair as a profile name after you tile them vertically so you can quickly scan them for patterng. As Dave said, your charts are alive and ticking even though it says offline. You can use the method to generate 20 25 35 40 45 50 55m charts based on your comfort level and requirement.
Regards,
Muthu.
I have yet to be profitable trading Tymen’s candlestick method live. I have had demo periods where I have gone an entire week with 0 bad trades, but live…99% failures. Here is the latest failure for everyone:
Had I taken the opposite Tymen, I would be up a lot of money 
Not sure what those first two pictures represent, but in that last photo, it looks like you took a trade and let the price run against you. Why didn’t you close out your trade earlier when price clearly was moving against you?
And then you put the blame on Tymen? Take responsibility for your own trade.
I’ve been doing this for a long time sir. If you close every trade the exact second the Starcs go against you, you’ll simply end up with a bunch -5 -6 and -7 pip trades.
Is it your contention that had I closed the trade earlier, when it was at -7…that it wouldn’t have been a failed trade?
I made a statement that this strategy has a high percentage of loss, especially if you follow the rules exactly, and your response is “take responsibility for your own trade”?
You could have said “The winners overcome the losses, next time try to close this trade earlier for a minimal loss and the next winner will overcome it.”
or
“This was a bad pattern to begin with. The 20 minute mid BB was slightly rising and the 30 minute BB, while in your direction, was still reacting from a large jump 10 hours earlier.”
or even
“Next time wait for a candle to close more definitively in your direction on the 5 minute chart before entering, to give a better indication of the trend.”
Take responsibility for my own trade?
Hopefully I’ll get a response from someone who actually wants to have a constructive conversation about this. :rolleyes:
Did not I have you question yourself why you let your trade run against you before finally taking a loss?
Take away every indicator on that chart. You entered in on a candle that was debating which direction that it wanted to go in. It dipped for 5 minutes, but then then that huge engulfing pattern reared it’s ugly head. Candle there after, settled around the middle BB, yet did not want to go back down. The candle thereafter, in the same boat. At this point price is telling you it’s not going down. Great opportunity to pull out at an early loss. At this point however, you were probably relying on hope, fate, or luck to move the price back in your direction.
That is why I said to take responsibility of your own trade. You can go on forever running every rule from another man’s trading system, but I’m willing to bet that even Tymen himself would have cut out early on that trade.
Know that the market doesn’t follow rules, and turn your rules into helpful hints or guidelines in your trading. You’ll fare much better.
Thank you! Now that was a constructive post
I happen to be faring pretty well outside of this candlestick system (100 pips today), which has been bothering me, because others seem to be doing so well with it. I’m trying to figure out what I’ve been missing. In my experience with trading this system, exiting early will create a lot of small losses, without giving the trade a chance to succeed. I analyze the situation, determine to exit early at a small loss, and it ends up going in my favor. Look at Muthu’s multiple examples to see what I mean.
In the time I’ve spent typing this, the trade I posted above just went into profit. It hit the PCI stop loss by 2 pips then dropped down into profit.
Maybe I am too focused on [B]rules[/B] and not paying enough attention to the big picture. Thanks for the advice!
hi dodge
sorry to hear you not having success with this system. BB’s would have kept me out of that trade
best wishes
Dave
Hey, don’t worry, I traded with the smallest lot possible and I’ve already made up for that loss with another trade
Note: On the 30 minute chart the mid BB was in my favor. I have noticed that when the top BB is separated from price for many many candles, then comes crashing down (sharp angle), it isn’t a good pattern to trade if your expecting it to keep going. One of my previous trades failed in the exact same way if I remember correctly.
Something to take away from all this I suppose.
