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- 17 Results (1 Thread , 16 Replies )
- WickedDaddy replied Feb 28, 2022
it's not clear what you are asking. NZDCAD? You posted an NZDUSD chart. The entries look clear based on the rules in Post #1. But I drew them on your chart anyway - freehand, so please forgive the amateur mouse control... I'm showing 1st, 2nd, and ...
- WickedDaddy replied Feb 25, 2022
A Guy's Gotta Sleep... Below is an example of a trade I set up before going to bed last night. We're looking at EURUSD on a 1 HR chart. I went to bed during the second to last green candle before they turned red. I estimated that price would ...
- WickedDaddy replied Feb 24, 2022
I'm going to throw something at you that is completely unorthodox. But it proves a point. The chart below is USDJPY 4HR. We focus so much on candles that for this exercise, I have removed them. There are 8 vertical lines on the chart. Red is to ...
- WickedDaddy replied Feb 24, 2022
My chart looks different than the one posted: image All the arrows and comments should explain it well. Typically, a cycle is above 80% or below 20%. But if it gets close I'll count it. Another thing to consider is the price action of the cycle. ...
- WickedDaddy replied Feb 21, 2022
Someone is paying attention! Ha! Well done. I will explain: A "cycle" is a retrace in which the StochasticRSI travels fully to the opposite extreme. So yes, it appears the first cycle had already occurred. Here's the catch: The Stochastic cycle had ...
- WickedDaddy replied Feb 21, 2022
Your chart looks very different than mine - This is AJ daily and according to my chart, is not a trade. image
- WickedDaddy replied Feb 15, 2022
I lied, I actually did have a losing trade. I have a test account in which I trade a small amount for the purpose of testing slight variations of my method. I remembered that I caused a trade to lose in October of last year because I clicked on the ...
- WickedDaddy replied Feb 15, 2022
Here is a screen shot of the Performance Analytics of one of my accounts. You will see that I have placed 16 trades so far this year in that account with 0 losers. Unfortunately, the system does not compute performance because there are no losers to ...
- WickedDaddy replied Feb 15, 2022
That looks like a very tempting trade. However, it is occurring on the 2nd cycle of the downward cross (count the number of times the StochasticRSI cycled above 80% after the 15 EMA crossed below the 50 SMA). So that breaks rule #1. The 15 EMA is ...
- WickedDaddy replied Feb 9, 2022
Multiple touches to the BB are perfectly OK. Ideally each of those candles that are touching are the same color and the reverse of the trade you want to take. I have included a picture of this: After the cross of the 15/50 there is a retrace (cycle ...
- WickedDaddy replied Feb 9, 2022
Here is a trade I took yesterday at 0900 Central Time (U.S.) on a 1 HR chart. It is "Textbook" perfect. Let's review: 1. 15 EMA crosses 50 SMA up (first arrow) 2. Price retraces and touches the BB (second arrow) 3. StochasticRSI cycles down below ...
- WickedDaddy replied Feb 1, 2022
Took this trade on AUDUSD last night on a 1 HR chart. Textbook perfect set-up. Set a TP order at the 200 SMA (Red Line) and closed it for 53 pips. image
- WickedDaddy replied Jan 28, 2022
There have been a few requests for how to apply this strategy to shorter timeframes. So here we go... First, the core rules have not changed. See Post #1 for those. The shortest TF I will trade is 1HR. Thus, I have included a 1HR chart below with ...
- WickedDaddy replied Jan 26, 2022
SMA: See picture Standard. See my original post for settings. The HA candles must intersect the BB. It doesn't matter what part of the candle does this. Multiple candles will remain connected to the BB until they begin to pull away. Then you are ...
- Trend Cycle Entry
So many years away and now returning as a mature trader. I read a couple of my old posts/replies ...
- WickedDaddy replied Jan 20, 2022
Yes, I set it up exactly as the TMSr instructions state in the first post of this thread. BUT... It's in Trading View, not MT4. The doji needs to close in the channel and the 3 oscillators need to be either above or below the mid-line, depending on ...
- WickedDaddy replied Jan 19, 2022
It's been about 5-6 years since I posted in this forum. I went on to become a professional and ultimately founded and ran a CTA business and traded client accounts in the futures market. Everything went very well and we built a solid business... but ...
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