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  • Post #61
  • Quote
  • Dec 17, 2020 6:59am Dec 17, 2020 6:59am
  •  kd1
  • | Joined Apr 2020 | Status: Member | 81 Posts
no worries mate
Regret is Brutal
1
  • Post #62
  • Quote
  • Dec 17, 2020 7:43am Dec 17, 2020 7:43am
  •  PixelSniper
  • | Joined Dec 2020 | Status: Member | 443 Posts
There is surely logic in this strategy but I'm still having hard time with It's technicality, I'm real bad at technical analysis lol.
Hope it works for you and good luck, looking good so far
1
  • Post #63
  • Quote
  • Dec 17, 2020 10:20am Dec 17, 2020 10:20am
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting PixelSniper
Disliked
There is surely logic in this strategy but I'm still having hard time with It's technicality, I'm real bad at technical analysis lol. Hope it works for you and good luck, looking good so far
Ignored
lol it’s really simple I’m probably making it sound to techy , thx and hope it keeps going like it is
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #64
  • Quote
  • Dec 17, 2020 10:22am Dec 17, 2020 10:22am
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Laptops still up the creek atm, looking forward to trying out Jaggs indi

can’t take it view any trades today until laptop is sorted
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #65
  • Quote
  • Dec 17, 2020 11:49am Dec 17, 2020 11:49am
  •  Barraka
  • | Joined Jul 2017 | Status: Member | 152 Posts
Hi Wags,

Interesting approach. I played with the MP indi some time ago, it was nice confluence on certain levels.
Question regarding your EJ trade yesterday: You moved your SL to BE at this point:

Attached Image (click to enlarge)
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Name: EJ1.png
Size: 50 KB

And not long after it reaches your TP, but in the meantime it went back to your entry level so logically should have stopped you out?

Attached Image (click to enlarge)
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Name: EJ2.png
Size: 50 KB
1
  • Post #66
  • Quote
  • Edited at 12:35pm Dec 17, 2020 12:16pm | Edited at 12:35pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting Barraka
Disliked
Hi Wags, Interesting approach. I played with the MP indi some time ago, it was nice confluence on certain levels. Question regarding your EJ trade yesterday: You moved your SL to BE at this point: {image} And not long after it reaches your TP, but in the meantime it went back to your entry level so logically should have stopped you out? {image}
Ignored

well spotted

I didn’t think anyone would spot that , as it’s an intra day strategy rather than what I normally try to do ( set and forget ) I monitor trades all day and dynamically move my SL and TP depending on market , without breaking your risk/reward though

i think we need to be able to be flexible when only trading these short timeframes , being rigid with a market that is more than flexible will hurt us

i only do this inside my RR with SL though

FairPlay to you ,, much respect
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
2
  • Post #67
  • Quote
  • Dec 17, 2020 1:33pm Dec 17, 2020 1:33pm
  •  HumbleLearne
  • | Joined Feb 2016 | Status: Member | 272 Posts
Respected Wags Sir ,
I tried to study Volume profile indicators but did not find much success in understanding it but regaining confidence after seeing you amazing trades . I would really appriciate it if you be kind enough and kindly explain the exact entry exit rules to take trades in both directions please

Thank You in advance
  • Post #68
  • Quote
  • Dec 17, 2020 1:47pm Dec 17, 2020 1:47pm
  •  Xxyy
  • | Joined Jun 2018 | Status: Member | 59 Posts
@Wags

Thanks for sharing your strategy. Looking forward to learning more from you.

By the way, can you please share the indicator showing the Pip Value and the profit/loss in pips on the top right of your screen? I really like it.

Thanks
  • Post #69
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  • Dec 17, 2020 2:59pm Dec 17, 2020 2:59pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting HumbleLearne
Disliked
Respected Wags Sir , I tried to study Volume profile indicators but did not find much success in understanding it but regaining confidence after seeing you amazing trades . I would really appriciate it if you be kind enough and kindly explain the exact entry exit rules to take trades in both directions please Thank You in advance
Ignored
I will try my best to explain the basics, always use the basics to plan your trades, keep it simple is best
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
1
  • Post #70
  • Quote
  • Dec 17, 2020 3:00pm Dec 17, 2020 3:00pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting Xxyy
Disliked
@Wags Thanks for sharing your strategy. Looking forward to learning more from you. By the way, can you please share the indicator showing the Pip Value and the profit/loss in pips on the top right of your screen? I really like it. Thanks
Ignored
I will update post #1 to have all indi's and tpl that is needed
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
2
  • Post #71
  • Quote
  • Dec 17, 2020 3:01pm Dec 17, 2020 3:01pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Laptop is back up and running, just trying to setup Jaggs heatmap indi as best as possible
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #72
  • Quote
  • Dec 17, 2020 3:05pm Dec 17, 2020 3:05pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
OK , i love the indi Jagg has created but my heatmap idea of different colours makes it look really confusing so i have come to the conclusion of the last 3 days POC are Red and anything less is colour Silver

This is just my preference so you can do as you please

Attached Image (click to enlarge)
Click to Enlarge

Name: EURCADM30-heatmap.png
Size: 41 KB
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #73
  • Quote
  • Dec 17, 2020 3:18pm Dec 17, 2020 3:18pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Missed out all day because i dropped my laptoplast night and broke my charger

Just entered to try and grab a few pips on NZDJPY long

Attached Image (click to enlarge)
Click to Enlarge

Name: NZDJPYM30-latenight.png
Size: 38 KB
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #74
  • Quote
  • Edited at 4:02pm Dec 17, 2020 3:47pm | Edited at 4:02pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Ok this is what i would be looking for in an area to give me the most confidence in taking a trade

Attached Image (click to enlarge)
Click to Enlarge

Name: EURCHFM30-perfect.png
Size: 39 KB

Attached Image (click to enlarge)
Click to Enlarge

Name: NZDCADM30-perf.png
Size: 41 KB
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
1
  • Post #75
  • Quote
  • Dec 17, 2020 4:43pm Dec 17, 2020 4:43pm
  •  forex1x8
  • | Joined May 2018 | Status: Member | 10 Posts
Good evening !!! First of all, thank my friend Wags for his work. I work with the US30 asset, I downloaded the indicators and template from #post 4, but it turns out that the red POC line does not appear for the US30 asset, I would like to know if I have to configure anything different in the "Volume profile on time range" indicator thankful
  • Post #76
  • Quote
  • Dec 17, 2020 5:26pm Dec 17, 2020 5:26pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting Jagg
Disliked
{quote} I liked the idea - thought this could be useful for me too so I coded a first test version with the new parameter "Median/POC Color Heatmap (now to past - comma sep. or blank)" You can put in there a comma seperated list of colors => first entry is the color for the current profile => second entry is the color for the profile from yesterday for example and so on If you have "SessionsToCount" set to 20 for example and you post only 5 colors in - only the last/newest 5 profiles get the colors you've set. All the older profiles (>5) get the...
Ignored
Hi Jagg

Thankyou for your heatmap indi , it works perfect and i love the basic settings i have chosen

I have been looking for only one indi to compliment this strat for months, i know im being cheaky but there are no decent delta indis for mt4 because its all for futures and they only create them for real volume but correlation from real volume and tick volume is not that much out of sync apparently , its a cumulative delta indi which starts from market open each day, i have added an image below ( dont care about candles just a line will do)

This would be sub-window indi relating to each day

Attached Image (click to enlarge)
Click to Enlarge

Name: delta (2).jpg
Size: 498 KB
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #77
  • Quote
  • Dec 17, 2020 5:30pm Dec 17, 2020 5:30pm
  •  kette
  • Joined Jan 2018 | Status: Member | 9,371 Posts
Hi there,

I wish you good luck
very interesting
  • Post #78
  • Quote
  • Edited at 7:11pm Dec 17, 2020 5:32pm | Edited at 7:11pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting forex1x8
Disliked
Good evening !!! First of all, thank my friend Wags for his work. I work with the US30 asset, I downloaded the indicators and template from #post 4, but it turns out that the red POC line does not appear for the US30 asset, I would like to know if I have to configure anything different in the "Volume profile on time range" indicator thankful
Ignored

Hi There

It shows on mine, sometimes for different ATR or pair it shows as thin line btw

ATR is showing 4000 so lines will be far more tight

EDIT: This will need some serious adjustment on timescales looking at it again now

Attached Image (click to enlarge)
Click to Enlarge

Name: US30USDM30.png
Size: 43 KB
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
1
  • Post #79
  • Quote
  • Dec 17, 2020 5:37pm Dec 17, 2020 5:37pm
  •  Wags
  • Joined Aug 2017 | Status: Member | 572 Posts | Invisible
Quoting kette
Disliked
Hi there, I wish you good luck very interesting
Ignored
Cheers Kette
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 86.5%
  • Post #80
  • Quote
  • Dec 17, 2020 5:48pm Dec 17, 2020 5:48pm
  •  kette
  • Joined Jan 2018 | Status: Member | 9,371 Posts
Quoting Wags
Disliked
{quote} Cheers Kette
Ignored

you do that very well
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