RandyCandles - Information - page 6

 

Can someone give an example of what the zorro and chilie peppers are?

I read the doc file again and dont understand what he means by them?

 

Hi droesparky

Please look at the alert candles in the chart posted by mart-hart (post 20).

My best guess without benefit of Goldenequity's input:

Red candle with black stem protruding both sides - hanging zorro. Red candle with green stem protruding both sides -chili pepper.

Cheers

 

Would This Be Considered A Good Entry

And if so how many pips on average does one expect to get out of a randy candle move....eg is it a scapling method or a longer term method or both.

Thanks For The Help

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Vegas:
And if so how many pips on average does one expect to get out of a randy candle move....eg is it a scapling method or a longer term method or both. Thanks For The Help

I think it is more of a scalping method. I have not tried it on longer time frames though.

As for your entry, it looks valid, however, if the yellow line on your chart is the 25sma there are 2 things I never do when trading this method.

1. Never open a buy when price is below the 25sma

2. Never open a sell when price is above the 25sma

I'm not saying that you can't make pips if you don't follow those 2 rules, but the higher percentage trades are made if you do follow them.

I don't know if that was part of the RC system but after watching them for over a month on my charts it's a good filter.

 

Itguy

Thanks for the info Itguy.

I see your point about the yellow line...yes it is the 25ma....

itguy:
I think it is more of a scalping method. I have not tried it on longer time frames though.

As for your entry, it looks valid, however, if the yellow line on your chart is the 25sma there are 2 things I never do when trading this method.

1. Never open a buy when price is below the 25sma

2. Never open a sell when price is above the 25sma

I'm not saying that you can't make pips if you don't follow those 2 rules, but the higher percentage trades are made if you do follow them.

I don't know if that was part of the RC system but after watching them for over a month on my charts it's a good filter.
 

Thank You sundowner I got it now.

 

Money Maker

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Hi Summitfx

Hi Summitfx,

What is the red indicator that you have on your chart in the top right hand corner.

Thanks,

Vegas

summitfx:
Money Maker
 

I wouldn't hesitate to enter a trade when it is below the 25ma. I would consider an exit at the line however.

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1tl2_4.gif  30 kb
 

Here you go Vegas:

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