It gets a little messy sometimes, but not too bad all in all.....

hehe....the Avatar was actually a direct result of the fact that I can only upload 4 images to a single post here at TSD.... I had to combine the Chili Pepper photo with Zorro....He sorta looks like he's ready to hack his way out of the attack of the Evil Chili Peppers! lol

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Pipskateer

Now a big thanks to you Goldenequity, wish Ron PAul gets in!
Anyways I would welcome the thought of having someone be able to code these ideas into an EA not sure if it is possible .
Wonder if there is a way to set down rules or is it mostly visual?

Itguy TraceJ

Is anyone still around to post

i think someone mentioned that once a profitable system is created out of a tread it naturally dies cause everyone leaves to trade the system.
i am still here if anyone liked seeing my trades.

Hi GE,

Like everyone else, I too am glad you have shown yourself here, to continue what you started. You obviously shared in the other thread with the view to helping people become (more)profitable. I can certainly say that it has helped me, not only become more profitable, but consistently. Being restricted to trading after work and family commitments, I no longer rush into trades in between house chores, as I know, there will be another one not too far away.

It is good to hear from the original person (yourself), as it will be easier to get concise answers. Though I have integrated rad's indicators and system with randycandles, in the end when both are in agreement, very very good probability of success. And these agreements happen all day long. As you said, it is abt probability.

There are a few things I am a bit confused about. You current charts show 1M charts, but in your original posts, you stated that entries are made from 15M charts, though most of us are now using 5M charts.

Looking forward to your replies and clarities on the method.

Regards,
K.

Rav,

Pls do continue posting your trades, as it helps others see something they might have missed. Or even better still, another trader might have been seeing exactly the same thing, but interpreting it differently. Either way, it is helpful.

Are you trading the 1M exclusively? Or using the 5M as a basis for reference?


I shall also try to post my trades when I take them.

Cheers,
K.

I'm still here and still trading RC's. They are very effective ESPECIALLY combined with MTF stochastics, and I haven't changed any of my trading style, hence haven't posted any additional info. Also now that GE has returned I was hoping that he could maybe clarify some of the unanswered questions on this thread in regards to the specific candle formations and his style of trading.

I could continue to post charts.....but it gets a bit redundant only posting winners I did have several losers on EJ friday, but in all honesty the market was a mess, I shouldn't have been trading, and I broke some of the rules. STICK to the method and rules, subdue your itchy trigger finger, and you will profit.

I am so pleased that Goldenequity is again sharing his great insight and experience to the many that have found the RandyCandles a useful tool.

It has truly truly made my day............even though I do not use them myself at the moment. I have not forgotten them, and will look to learn how to use them in the very near future.

My regards to all

Angie

It took some time to read through this thread!
Great stuff and after reading most of it concerning
the RandyCandles, I think it's been defined.

As I originally said (and intended) with the Steinitz thread, the RC's can be used to compliment any system.

My intent was to just share the RandyCandle period.
It seemed a really unique and helpful piece of visual data the more I used it.
So I thought I'd share it.
I did not steal it from any other system or person.
RC's painted and left the foot-print of price-action "in-the-moment" with better and more information than anything else.

I was already using the DiNapoli settings for Simple Moving Averages.
DiNapoli has his version of the Stochastic and MACD and several proprietary indicators. So, radatat's system is in good company.

I read his book (excellent) and liked visually, how the price and his particular SMA's seemed to interact.
I printed up, made booklets, and studied hundreds of charts on several currency pairs with these references projected.
Months have become years.

I added many indicators to further compliment and try and build upon this foundation.
But I found myself always looking at the footprints of repeated price action behavior as "drawn" by the lines and the candles. Simple but, like you say, there REALLY is a lot of data buried in these "simple" charts.

After looking at so many charts, a couple of things became obvious:

Every significant movement on the 4H, had it's beginning on the 1H.
For every significant movement on the 1H, you could find it's beginning on the 30M.
The 30M to the 15M to the 5M to the 1M.
(no different then looking for a series of cascading "lights" being tripped on higher and higher timeframes.)
That birthed the observation concerning the concept of an "alert" candle.
I found a LOT of them on many pivots on many charts on many timeframes.
So I started trying to anticipate them and found it helpful.

Does it happen every time? No.
Does ANYTHING happen every time?
The best we can hope for is probabilities.

All I wanted were the probabilities leaning in my direction.

Next,
If I could "see" ANY patterns, any at all, going backwards in time painted on the charts,
could I then "see" just ONE pattern being birthed going forwards in time?

Because I was sure I had 2 good price action indicators that didn't repaint, I felt like the answer had to be drawn on those charts.

Hell, if I just found ONE (pattern) with a good track record, I figure I could spot it coming and pounce on it.

So I continue to study and compare, macro and micro, white to pink, white to blue, white to yellow, pink to blue, blue to yellow,etc. and confirm with RC's.

That's how I trade. I look for patterns to preceed fans. I wait until I find something that looks "familiar".

I then enter with the expectation of a fan developing. If it begins to grow (small profit), I then set stops to break even and watch for violations.

If it's a steep "stretch fan" I exit when I "feel" it fully stretched,(sometimes reverse at the stretch exhaustion points).

If its a small fan, and doesn't really stretch, then starts to violate the pink, I'm quick to take a small profit or small loss.

If it's a slow (hours!) "crawler fan", meandering but mostly parallel, I generally stay in and let it tap the D-Line. Again, set stops to zero and let it have it's slow, steady direction.

I start on the smaller timeframes and work up to the 15M to stay in the trade.

By all means.....talk up your own system!!!! What is working for you? Please share it and let's keep this thread helpful. RandyCandles are not the HOLY GRAIL!!!!

All trading is guessing.
There, I said it.

If you guess wrong, you're not stupid.
You just guessed wrong.
That's all. (Newbies take heart!)

If you guess right...make a note of it.

BTW,
I agree, Friday was horrible. Everything waiting for the U.S. data release.
I'll be out of town most of this week.
Happy Trading to all.
randy

PS: To all you Woodies CCI traders out there, if you like the Zero-Line Reject entry.... that is identical to a failed cross
of the yellow D-line by the price (sma 1) where it comes up to, pops over the yellow (sma 25), pivots, then retraces. but probabilities only seem effective on the 15M TF.

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What I personally was doing was using 1M when price was a fib level. it the stoch was overbought and the 9osc is also crossing down I sell. reverse for buying. unless the fib level was showing as a daily high/low then i woudlnt go in that direction.
What i have noticed though, is perhaps i should look at the 5M and wait for a 9osc/stoch cross, then jump back into the 1M for confirmation/entry point.