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Ut us vert simple. Surnommé you have à TREND, you trade the TREND but you want to enter at the best price. So you want to buy cheap in an uptrend. So to enter, you need a TREND established, and then a pullback. To have more chance to be successful, you have to read your charts. So you want to buy on a support, in the right timing. Ema is a good mobile support, and stochastics are good to confirm timing. About candles, it depends on your time frame ! The power of a candle is not the same on 1h chart than on 1mn!!! But it can confirm you the support. It is not necessary to get a pattern candle but one more chance especially on higher TF
Quoting TraderinSD
From your rules statement:
Entries >>> the best is when you get a candlestick pattern such as a hammer. In this case, you can enter with a tight stop (depends on the pair and the TF) and let your profits run away. Reverse for Shorts (Trend bearish, etc....)

Question: As I review your entries throughout the thread, it appears you are taking them at the EMA 12, as they show either support (long) or resistance (short). Maybe I missed something along the way but what are you looking for at the entry exactly.

You stated a candle pattern (...
It is just the Guppy moving averages. You can get it on gmma thread here in FF
Quoting TraderinSD
Would it be possible to get your settings for the new chart look.. The blue channel, yellow channel, etc. STO and DMI I have. Just the new MA look would be great.

Thanks !
Nice help tx !!!
Quoting goldsurfer
Hi

Haven't really been paying that close of attention to this thread, but I had an ole temp straight from D Guppy settings, took a min to adjust and add DI -+ and stoch. Mite be rite


cheers
Ema are very important because it is resistance/support. And you buy support and you sell resistance. But TREND can change so you don't jump in only because it touched the Ema. You check that TREND is still the same and safe and that timing is good tx to stochastics. So first you check the TREND, second you look at resistance/support (Ema), third you look if timing is correct or not. I always wait for the close of the candle.
Quoting psydox
Great thread! Like the charts and explanations.

I was thinking about this too TraderinSD. I was wondering if hmaoui just enters as price touches the MA as long as the other indicators are in line?
In case you haven´t try it , take a look at Fantail VMA´s instead of EMAs might be better cos VMA´s are weighted on voltality (Chande or ADX , it depends on which version you use) which is a nice thing for strats like that .

Good Luck
Good day! I hasten to apologize for my English because I write through the translator. Re-read your topic and would like to contribute. Since he worked for 1 minute chart. I think that the aerodynamic characteristics with the parameters 55 will be a better show. and there is also an indicator that colors the candles and is based on the aerodynamic characteristics.
Here's an indicator
Attached File
File Type: mq4 ADXPaintedbars.mq4   3 KB | 375 downloads
Quoting hmaoui
Ema are very important because it is resistance/support. And you buy support and you sell resistance. But TREND can change so you don't jump in only because it touched the Ema. You check that TREND is still the same and safe and that timing is good tx to stochastics. So first you check the TREND, second you look at resistance/support (Ema), third you look if timing is correct or not. I always wait for the close of the candle.
Hi Hmaoui...

Thanks for the add information. A couple of clarifications if I may.

You check that TREND is still the same and safe and that timing is good tx to stochastics. ..
>>>Trend is up or down based on MA's .. STO's is above or below 50.. Got that ...

Second you look at resistance/support (Ema),
>>> Got that too

Third you look if timing is correct or not.
>>> Fussy on the timing. What are we looking for exactly?

I always wait for the close of the candle.
>>>What candle specifically?

Thanks in advance
First, sorry for late answer because I was in holidays. About trend you check if it is up or down with the EMAs and the DMI, stochastics have nothing to do with trend. Once you get the trend (up or down), you check for the timing. In an uptrend you want to buy cheap so you are looking to the Stochastics for timing and check the supports (Pivot points / EMAs). So if you are in an uptrend, you want to buy at the right timing so you check the STO and supports....it is as simple !

Quoting TraderinSD
Hi Hmaoui...

Thanks for the add information. A couple of clarifications if I may.

You check that TREND is still the same and safe and that timing is good tx to stochastics. ..
>>>Trend is up or down based on MA's .. STO's is above or below 50.. Got that ...

Second you look at resistance/support (Ema),
>>> Got that too

Third you look if timing is correct or not.
>>> Fussy on the timing. What are we looking for exactly?

I always wait for the close of the candle.
>>>What candle specifically?

Thanks in advance
...but yesterday was a bad day with no safe trade. I took only 2 trades for 1 loss and 1 winner. The day ended with a net profit of 5 pips....I hope today will be good.
I dont see any trend yet on 5 mn TF so I stay flat. I am waiting for a trend, and then I would move on 1 mn TF to buy or sell at the right moment. Look at the trend, trade with the trend, buy support (or sell resistance) with your oscillator telling you it is oversold (or overbought).
On 1mn TF it is clearly down...but have a look at 5mn TF. It could be a down trend but price are near S1 and it seems to be hard to go through the support...Fondamentally, nobody want to buy JPY so EUR is up (they buy EUR). So looking at your 5mn chart it is not so clear for a downtrend. Wait wait wait.....Or go for little profits !
Do you understand why it is important to check on higher TF when you trade ? Clear on 1mn, not clear on 5mn and it isnt safe to trade. I am flat waiting for a clear trend and get a pullback...
so we can analyze them together ! And that is the way to understand and to improve the whole system
Is someone trading something else than eur/usd and have a signal ?
I have a look ont the cable at the moment because there is a nice trend on 5mn TF...it should be a good entry but I have to check the PP before. Hope not to be late
Unfortunately price is over R3 on the cable so it is a little bit dangerous to enter long at the moment ! Resistance and support are very important to check...
Hi hmaoui,

I've been following your thread. It's great, simple and interesting..

Currently I'm watching AU, it may have a reversal (on M5) back to its uptrend.

Could you please advise me on this pair.

Thank you.

RF7
Only seeks battle after the victory has been won. -- Sun Tzu
Hi !

Looking at my chart, AUD/USD is ranging on 5mn TF. EMAs are flat and DMI too. Wait for a clear trend and trade the pullback. My advice is : be patient for a clear signal.

Quoting Rf7
Hi hmaoui,

I've been following your thread. It's great, simple and interesting..

Currently I'm watching AU, it may have a reversal (on M5) back to its uptrend.

Could you please advise me on this pair.

Thank you.

RF7
If I look at the AUD/USD now, it seems a down trend is developping right now (5mn TF). Wait for the pullback you may have a signal....

Quoting hmaoui
Hi !

Looking at my chart, AUD/USD is ranging on 5mn TF. EMAs are flat and DMI too. Wait for a clear trend and trade the pullback. My advice is : be patient for a clear signal.
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