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Forex intraday using the 5min chart: EURUSD

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  • Post #21
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  • Dec 24, 2022 8:45am Dec 24, 2022 8:45am
  •  ssd1994
  • | Joined Jul 2018 | Status: Junior Member | 2 Posts
Here's another example of a possible buy trade after breaking the Asian high with an FVG. Round numbers could be used as a target.
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  • Post #22
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  • Dec 29, 2022 9:51am Dec 29, 2022 9:51am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
Quoting ssd1994
Disliked
I think this is a great and simple approach to trading. Have you considered adding Fair Value Gaps to your analysis? I have a feeling it will make things a lot better. Here's an image of a possible Asian Range High rejection trade using FVG using a broken structure level as an entry. {image}
Ignored
Fair Value Gaps..... Not sure exactly what you mean by fair value gaps, but no, for me, the more things, the more confusing it gets

Round numbers, again no... I go for the expansion of the Asian levels, again if I look at long numbers, it's more to think about.

First trade today, it's just not right, I enter a trades too early after getting up, without taking time to think it through properyl, 2nd trade - happy days, it's little, but it's profit.

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  • Post #23
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  • Dec 29, 2022 10:02am Dec 29, 2022 10:02am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
Didn't get into this, but another great setup to go back down short.

4Hr High/Low Stop Loss hunt near Asian Level, very reliable setups.

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Get the long, get the short, and with such tight stops you're looking at 5% profit on them.
 
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  • Post #24
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  • Dec 31, 2022 12:04pm Dec 31, 2022 12:04pm
  •  papadas
  • | Joined Mar 2022 | Status: Member | 26 Posts | Online Now
Hello sir,

thanks for sharing this interesting idea. Looking forward to tonyour new posts …. Personally I have done some visual backedtinh on the major pairs but has been difficult to spot the pattern….
maybe you can share some live trades this week to make it more clear .
Happy new year
 
1
  • Post #25
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  • Dec 31, 2022 1:07pm Dec 31, 2022 1:07pm
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
Quoting papadas
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Hello sir, thanks for sharing this interesting idea. Looking forward to tonyour new posts …. Personally I have done some visual backedtinh on the major pairs but has been difficult to spot the pattern…. maybe you can share some live trades this week to make it more clear . Happy new year
Ignored
Stick to EU to learn, before venturing to other pairs.

I will post some live, but you can load the indicator and run on strategy tester, it's a great excersise to do.

I attach the latest version.
Attached File(s)
File Type: ex4 STAsian.ex4   164 KB | 110 downloads
.
 
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  • Post #26
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  • Jan 1, 2023 4:08pm Jan 1, 2023 4:08pm
  •  papadas
  • | Joined Mar 2022 | Status: Member | 26 Posts | Online Now
Hello Sir,


I ve downloaded the indicador and loaded to my MT4 on an a new chart.

However I cannot make sense of the different lines that are drawn....

How am I supposed to use the indicator.

Could you please share a screenshot of your setup?

https://www.forexfactory.com/thread/...9-1ba5ca8bd1e2
 
 
  • Post #27
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  • Jan 2, 2023 5:09am Jan 2, 2023 5:09am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
The purple line is half way between the top of the Asian High and Low, then the yellow lines above and below them are simply the same distance in steps as the distance between the high and low, then you have the last 4hr high and low in light blue, and also the 1hr which is the shorter one.
I will do a chart with full explanation in the next couple of days.
 
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  • Post #28
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  • Jan 3, 2023 6:16am Jan 3, 2023 6:16am
  •  papadas
  • | Joined Mar 2022 | Status: Member | 26 Posts | Online Now
Quoting Bushy
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The purple line is half way between the top of the Asian High and Low, then the yellow lines above and below them are simply the same distance in steps as the distance between the high and low, then you have the last 4hr high and low in light blue, and also the 1hr which is the shorter one. I will do a chart with full explanation in the next couple of days.
Ignored
Looking forward to it sir....

seems a very interesting idea
 
 
  • Post #29
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  • Jan 3, 2023 6:57am Jan 3, 2023 6:57am
  •  Paloduro
  • | Joined Jan 2023 | Status: Member | 59 Posts
Quoting Bushy
Disliked
{quote} Stick to EU to learn, before venturing to other pairs. I will post some live, but you can load the indicator and run on strategy tester, it's a great excersise to do. I attach the latest version.{file} .
Ignored
hi in what folder put it?
ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
 
 
  • Post #30
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  • Jan 3, 2023 10:52am Jan 3, 2023 10:52am
  •  papadas
  • | Joined Mar 2022 | Status: Member | 26 Posts | Online Now
Quoting Paloduro
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{quote}hi in what folder put it?
Ignored
file-> file Explorer -> MQ4 —> indicators
 
 
  • Post #31
  • Quote
  • Jan 4, 2023 2:29pm Jan 4, 2023 2:29pm
  •  papadas
  • | Joined Mar 2022 | Status: Member | 26 Posts | Online Now
Hello Sir,

will you share any setup in the near future?

Hopefully yes.

Looking forward to it
 
 
  • Post #32
  • Quote
  • Jan 4, 2023 5:20pm Jan 4, 2023 5:20pm
  •  Paloduro
  • | Joined Jan 2023 | Status: Member | 59 Posts
If it moves little in the Asian session it's likely to not break SR and move in one direction.

bo
nice bo the last 2 trading days
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
 
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  • Post #33
  • Quote
  • Jan 5, 2023 7:30am Jan 5, 2023 7:30am
  •  Paloduro
  • | Joined Jan 2023 | Status: Member | 59 Posts
a lot of failed bo
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
 
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  • Post #34
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  • Jan 5, 2023 8:17am Jan 5, 2023 8:17am
  •  Paloduro
  • | Joined Jan 2023 | Status: Member | 59 Posts
new bo
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
 
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  • Post #35
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  • Jan 5, 2023 6:01pm Jan 5, 2023 6:01pm
  •  Paloduro
  • | Joined Jan 2023 | Status: Member | 59 Posts
eod
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
 
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  • Post #36
  • Quote
  • Jan 6, 2023 10:44am Jan 6, 2023 10:44am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
Quoting papadas
Disliked
Hello Sir, will you share any setup in the near future? Hopefully yes. Looking forward to it
Ignored
Yes

Took 100% time off for a few days, fully recharged now, looking forward to my first year as a profitable trader earning a living from this
 
1
  • Post #37
  • Quote
  • Jan 6, 2023 12:03pm Jan 6, 2023 12:03pm
  •  papadas
  • | Joined Mar 2022 | Status: Member | 26 Posts | Online Now
Quoting Bushy
Disliked
{quote} Yes Took 100% time off for a few days, fully recharged now, looking forward to my first year as a profitable trader earning a living from this
Ignored
Looking forward to learn from your trades!

best of luck and keep us posted here
 
 
  • Post #38
  • Quote
  • Jan 9, 2023 7:32am Jan 9, 2023 7:32am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
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I'm looking to go short off around the Asian High, it's Monday, no news, unlikely to make a 'move' so looking at a ranging market.
 
 
  • Post #39
  • Quote
  • Jan 9, 2023 8:17am Jan 9, 2023 8:17am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 730 Posts
Actually, that breaks my rule - If it's holding above the Asian Pivot, look to go long and vice versa.
 
 
  • Post #40
  • Quote
  • Jan 9, 2023 11:52pm Jan 9, 2023 11:52pm
  •  Paloduro
  • | Joined Jan 2023 | Status: Member | 59 Posts
Quoting Bushy
Disliked
Actually, that breaks my rule - If it's holding above the Asian Pivot, look to go long and vice versa.
Ignored
can you fix your indicator to shade the Asia range area with the option to ignore the wick and start and ending time?
ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
 
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