Am I looking at an early set up? AU is setting sail for a trip to the south on the Daily.
What best indicator to entry signal and TREND? 157 replies
Scripts for Limit entry, Stop entry, Market entry 46 replies
Trend entry system/methodology 5 replies
H4/D1 Entry with W1 Trend 17 replies
Disliked{quote} Clayton, WD setup is a classical reversal described years ago in TA, It is structure we are looking for which looks like this. {image} BB, STOCHRSI and HA are tools to spot it… BB and StochRSI help get point B … HA confirms configuration and start to price to move in direction C. This is a continuation after first pullback(cycle how call it WD) Your arrow do not confirm even one condition… We have before “your entry point_ downtrend so WE ARE LOOKING for SELL Signal… WD do not play reversals, he play conformation of change trend direction…...Ignored
DislikedClayton. Basic rule which was not fulfilled was this marked on screen... {image} One of the rules say certain distance between MA's has to be present... pullback or cycle, how WD name it, is far to low... We have almost crossing of MA's Look we have 14 days permanent downtrend, In this moment both MA's are showing trend direction and your entry suggest trading against it ... BTW when you switch to H4 you will see nice entry for Sell. This kind of structure must happen to trying go long {image} This how I see it... Best RegardsIgnored
Disliked{quote} If you're looking for 30 to 40 pips.....Yes I think I will let it play out for the moment. {image}Ignored
Disliked{quote} That's because I'm asking if it would of been a buy, not a sell. MA's at the time of candles were still a buy, had touched and disengaged bottom of BB, stochrsi moving up from below 20 zone and the HA candles had changed to a buy also. Ticked all the boxes for a buy which is why I'm curious whether he would of took the trade or not.Ignored
Disliked{quote} True, My daily TF trades are few, but I hold them for their extended trends and often add to them as they retrace during the trend. I only trade 3 pairs: EU, AU, and UJ. I choose these based on their direction. When USD is strong, I short EU and long UJ. When dollar is weak, I long AU. This is to take advantage of the carry. Why not get paid to hold a trade open? Ha ha. These are the trades that pay big and I have large sums invested. They are the core of my income. I think it better to focus expertise on as few things as possible. That...Ignored
DislikedDo you reckon this could of been a potential losing trade WD? I know you said AUDUSD was one of your main trading pairs so thought you might have an opinion on this setup. Just wondering if there was anything that would of made you avoid taking this? {image}Ignored
Disliked{quote} I know that you use Heiken Ashi candle (HA). But Bar Replay is not available for this chart type.Ignored
DislikedAm I looking at an early set up? AU is setting sail for a trip to the south on the Daily. {image}Ignored
DislikedI just subscribed to your page. I find your system very interesting and simple. I'm looking at this setup for NEOUSD. Daily emas crossed bullishly and now I'm waiting for price to touch lower bands on H4 for entry if all confirmations are met. Does anyone else see this setup playing out nicely?? {image} {image} {image}Ignored
Disliked{quote} Hello WD, my observation is regarding your entry from the stochasticRSI emanating from the oversold region with all conditions satisfied for a buy trade. The "entry point" seems to be the Second cycle of the stochRsi which negates your rule. I see the entry as BB entry( bounced as explained) in unison with the second cycle cos the 1st cycle was half completed before going to the oversold region for the next one you chose as your point of entry. Pls clarify, thanks.Ignored
DislikedHi WickedDaddy, I was backtesting the previous signals. Is there anything we could do to prevent those losses?Ignored