My Gold trading diary.

[newtrader101]

Imfine, do you think Silver would also be suitable for this strategy? I've yet to learn coding for backtesting. Would appreciate your insights.

 

[imfine]

Just to share my Gold performance. Its working good.

In buying @ 25738.

 

[imfine]

Imfine, do you think Silver would also be suitable for this strategy? I've yet to learn coding for backtesting. Would appreciate your insights.

I have not tried on silver.

 

[kingkrunal]

Just to share my Gold performance. Its working good.

View attachment 34428

In buying @ 25738.

Hi,
Did you sell today at the break of 24451 which was low of 11 april ? Not sure if the signal is nullified if the third low is not broken next day but after that ..

 

[imfine]

Hi,
Did you sell today at the break of 24451 which was low of 11 april ? Not sure if the signal is nullified if the third low is not broken next day but after that ..

View attachment 34436

These are traps. Just stay long till you get three consecutive lower low.

 

[kingkrunal]

These are traps. Just stay long till you get three consecutive lower low.

These are 3 consecutive lower low ..

9 april low- 25700
10 april low - 25670
11 april low - 24451

12 april - short below 24451 - not triggered
15 april - short below 24451 - triggered - low of 24450

so my query is if the low of 11 april is not broken on 12 april... does the signal becomes invalid ?

 

[newtrader101]

An observation:
In an expanding triangle, higher highs and lower lows occur at the same time.

But these don't seem to occur frequently.

 

[imfine]

These are 3 consecutive lower low ..

9 april low- 25700
10 april low - 25670
11 april low - 24451

12 april - short below 24451 - not triggered
15 april - short below 24451 - triggered - low of 24450

so my query is if the low of 11 april is not broken on 12 april... does the signal becomes invalid ?

No i dont call it a valid signal. Infact when its 3 higher highs then all three candles should be green and price must close above previous day (dates 4,5 and 8th april) on fourth day put entry order above 3rd day high and same in 3 lower lows, three consecutive lower lows red candles are required and entry below low of third candle.

 

[kingkrunal]

No i dont call it a valid signal. Infact when its 3 higher highs then all three candles should be green and price must close above previous day (dates 4,5 and 8th april) on fourth day put entry order above 3rd day high and same in 3 lower lows, three consecutive lower lows red candles are required and entry below low of third candle.

Thanks.. so in above scenario all 3 candles were not red so it is invalid..

 

[imfine]

Thanks.. so in above scenario all 3 candles were not red so it is invalid..

Exactly!