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Attachments: When Price is UP, buy; when Price is Down, sell short...
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When Price is UP, buy; when Price is Down, sell short...

Quoting Bendz
{quote} Hello sunshine, No overtrading today gbpcad is the only pair i can hold for a week. It's due to the lot size, no tension. {image} euraud, eurusd, gbpaud, gbpusd buy positions from yesterday i think. audusd, nzdjpy sell positions from yesterday. {image} Regards, Bendz
Thanks for your post Bendz, im getting more clear about how to make a trade..
keep posting bro..
Quoting Bendz
{quote} Hello sunshine, No overtrading today gbpcad is the only pair i can hold for a week. It's due to the lot size, no tension. {image} euraud, eurusd, gbpaud, gbpusd buy positions from yesterday i think. audusd, nzdjpy sell positions from yesterday. {image} Regards, Bendz
hello Bendz,

please stop it Bendz...i love it... ...you make me wanna cry...

remember to take profits on some positions regularly, like maybe daily...just to bring joy to your heart...especially on fridays close to the Weeks close, from about 4 or 3hrs before closing...check the colour of the Weekly Close, and then check if it still confirms your open trades. if current week will probably close against your open trades then close and bank the open profits...there is always next week to start again.

excellent work !!!

one more thing i wish to ask of you or anyone else that understand our method, strategies and techniques.. if anyone ask me a question than please feel free to answer as your answer not only reinforces your understanding but it gives me feedback too... thank you.
Quoting nobacot88
{quote} Weekly is up, 4hrs chart is waiting for a candle that will closes above LSH, then i will buy.. any suggestions? {image}
hi nobacot,

 

  1. yes...Wkly is Up
  2. no need to wait for a candle to close above the Last Swing High, why not ?
  3. because the Wkly is Up
  4. therefore we take most Up reversal bars in 4hrs.
  5. see the charts of the EURUSD below...Weekly candle chart, 4hr Line chart to show clearly the LSL's and LSH's and the same 4hr chart but in candle format to show clearly (1)which bars gave the trade signal...(2)which bar closed above LSH.
  6. on the charts i have also pointed out several trades. Please Note in 4hrs; everytime a red reversal bar is followed by an up bar, it is a potential buy. i tend to take those bearish cancellation signals as permission to enter in the direction of the Wkly, but i do enter a PT on some.
  7. i still have an open trade as you can see.
  8. i want to do the AUDUSD W+4hr combo with special emphasis on when the 4hr closes above its own LSH. please check the week just passed and do the following. (1) the Week closed Up, so (2) in 4hrs we were looking for buys only, until... (3) 4hrs closed below its own LSL (switch 4hrs to Line format, can u see it ?), (4) from this point onwards we took trades against the Wkly bias, against the Weekly Up bar. this extremely important, make sure you all understand why the strategy changed to this technique. !!!

​

Attached Image (click to enlarge)
Click to Enlarge Name: explaning 4hr buy & 4hr LSH buys nobacot sat 12Dec.png Size: 36 KB
Quoting timilehin
hi Sunshine, can you do a summary of this system,have you considered . trading it on H1 and 15mins. thanks
hi timilehin,

welcome back, its been a long time since u posted here.

to answer your question, yes we do trade in those tf's if we have the time otherwise we mostly trade in 4hrs and Daily.
i am posting a screenshot of a previous answer from page 24 for u to better understand the scaling down of the this strategy.

the 1hr+15mins combination strategy is exactly like the higher 4hrs+Wkly and M+Dly.
but make sure u chose pairs with a low spread and good volatility when u decide to trade the 15mins intra day time frame.
let us know how it goes once to start using it please.
Attached Image (click to enlarge)
Click to Enlarge Name: Different Trading Combo's.png Size: 75 KB
Quoting sunshine
{quote} hi timilehin, welcome back, its been a long time since u posted here. to answer your question, yes we do trade in those tf's if we have the time otherwise we mostly trade in 4hrs and Daily. i am posting a screenshot of a previous answer from page 24 for u to better understand the scaling down of the this strategy. the 1hr+15mins combination strategy is exactly like the higher 4hrs+Wkly and M+Dly. but make sure u chose pairs with a low spread and good volatility when u decide to trade the 15mins intra day time frame. let us know how it...
its very good strategy , you may want to consider this indi

http://www.forexfactory.com/showthre...72#post8421172

and the EA is

http://www.forexfactory.com/showthre...99#post8516599

Regards
Quoting Ramaparasu
{quote} its very good strategy , you may want to consider this indi http://www.forexfactory.com/showthre...72#post8421172 and the EA is http://www.forexfactory.com/showthre...99#post8516599 Regards
hi Ramaparasu

thank you for that indicators, i have downloaded them.

can u please explain to us what exactly will they do.

the Powerlevels are what exactly ?, any explanation is really needed and much appreciated...thank you.
also the other indicator: Higher time frame High n Low ...thank you

and maybe touch on the expert advisor as well as i have never used an ea before.

i will load them in mt4 and try and see their workings but explanations from coders are always welcome as i have no idea about coding.
Quoting sunshine
{quote} hello Bendz, please stop it Bendz...i love it... ...you make me wanna cry... remember to take profits on some positions regularly, like maybe daily...just to bring joy to your heart...especially on fridays close to the Weeks close, from about 4 or 3hrs before closing...check the colour of the Weekly Close, and then check if it still confirms your open trades. if current week will probably close against your open trades then close and bank the open profits...there is always next week to start again. excellent work !!! one more...
Hi sunshine,

Thanks. I analysed the trades and the details:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB


Now I came to know that at present i lost -372 pips approximately. Last week the pair moves approximately 755 pips up. I forget to enter SL in the last trade. The first 4 orders having BE of 100 pips each. If reversed I may hit BE or a loss. So I must close some trades to book profit. Otherwise i may be loss

Now I've got the reason, why you suggest to close some orders to book profit . Monday I'll close 2 or 3 orders. I want to move 200 pips for 1st trade and let it run. So that I may get some real money in my equity. Am I correct? or If you've got any idea please suggest me.

Regards,
Bendz
hi Sunshine,
thanks will work on it,try this Eractal indicator,works on ant time frame
Attached File(s)
File Type: ex4 Fractal Break.ex4   6 KB | 211 downloads
Quoting sunshine
{quote} hi nobacot, yes...Wkly is Up no need to wait for a candle to close above the Last Swing High, why not ? because the Wkly is Up therefore we take most Up reversal bars in 4hrs. see the charts of the EURUSD below...Weekly candle chart, 4hr Line chart to show clearly the LSL's and LSH's and the same 4hr chart but in candle format to show clearly (1)which bars gave the trade signal...(2)which bar closed above...
Thanks Sunshine, im getting more clear now.. Can u tell me which combo you used the most? If i want to make an entry in intraday trade, should i watch for daily range? if needed, how to use or what to watch for?
Quoting sunshine
{quote} hi Ramaparasu thank you for that indicators, i have downloaded them. can u please explain to us what exactly will they do. the Powerlevels are what exactly ?, any explanation is really needed and much appreciated...thank you. also the other indicator: Higher time frame High n Low ...thank you and maybe touch on the expert advisor as well as i have never used an ea before. i will load them in mt4 and try and see their workings but explanations from coders are always welcome as i have no idea about coding.

my friend sunshine,
Sometimes I used an old strategy ..... Break Out Previous Candle on D1 ( PowerLevels Indi ) and ronz higher time frame high n low indi if you want to open position break out previous candle which you select in Time Frame that you want to trade in manually

Thats Expert opens Buy & Sell stops at the High & low previous candle which you select in Time Frame that you want to trade....

ok master sunshine ... that my simple strategy but sometimes its depend my felling too

Regards
Quoting nobacot88
{quote} Thanks for your post Bendz, im getting more clear about how to make a trade.. keep posting bro..
Hi nobacot88,

Thanks. I've closed 4 orders the last buy is a minimum loss as per sunshine suggestion.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 7 KB


Now I've moved the BE an another 100 pips for both orders. At present no new orders.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 23 KB


Bendz
Quoting Bendz
{quote} Hi sunshine, Thanks. I analysed the trades and the details: {image} Now I came to know that at present i lost -372 pips approximately. Last week the pair moves approximately 755 pips up. I forget to enter SL in the last trade. The first 4 orders having BE of 100 pips each. If reversed I may hit BE or a loss. So I must close some trades to book profit. Otherwise i may be loss Now I've got the reason, why you suggest to close some orders to book profit . Monday I'll close 2 or 3 orders. I want to move 200 pips for 1st trade and let it...
hello Bendz,

i agree with you. i usually close most or all of my trades after price has an extra normal 1 day run AND if that run also gives us an extraordinary Weekly bar.
i will consider letting the first trade ride after i have taken into account;

  1. how far that entry is from the 50% mark of the Daily bar, and
  2. how far that entry is from the 50% mark of the Weekly bar.
  3. if price is below the 50% Weekly range, i will leave it open,
  4. if price is at the or above the 50% range of the Daily i will bank the gains.
  5. if the Daily bar closed with a normal range (just visually compare the Daily range with a few days before it), then i will leave the trade if its entry is at or below the 50% range.

​good entries...

Quoting timilehin
hi Sunshine, thanks will work on it,try this Eractal indicator,works on ant time frame {file}
thank you timilehin,

i see it programmed to point out the 1hr Highs and Lows only.
is fractal another word for highs and lows ? please pardon my ignorance but i have no idea what it means.
Quoting Ramaparasu
{quote} my friend sunshine, Sometimes I used an old strategy ..... Break Out Previous Candle on D1 ( PowerLevels Indi ) and ronz higher time frame high n low indi if you want to open position break out previous candle which you select in Time Frame that you want to trade in manually Thats Expert opens Buy & Sell stops at the High & low previous candle which you select in Time Frame that you want to trade.... ok master sunshine ... that my simple strategy but sometimes its depend my felling too Regards
thank you Ramaparasu
i will play around with it and see if i can use it.

i see there are quite a few expert advisers and indicators that show the Highs & Lows but none that show the Last Swing High (LSH) and Last Swing Low (LSL) as in our strategy here. i would really appreciate such ab expert adviser and indicator.
red news for the GBP shortly then at noon for the EUR in the afternoon for the CAD & NZD.
  • Post #556
  • Quote
  • Edited Dec 16, 2015 12:16am Dec 15, 2015 2:01am | Edited Dec 16, 2015 12:16am
Quoting nobacot88
{quote} Thanks Sunshine, im getting more clear now.. Can u tell me which combo you used the most? If i want to make an entry in intraday trade, should i watch for daily range? if needed, how to use or what to watch for?
hello nobacot,

EDIT: : Sorry, the charts below shows how to trade WITH & AGAINST the Weekly bias.

 

  1. i use the 4hr+Weekly combo the most.
  2. i also use the 4hr all on its own also...by this i mean:

  1. ​if the Weekly bias is Up because last week closed with a bullish bar, then i will as normal look for buys signals in 4hrs,
  2. BUT, if the 4hrs closed below its LSH then i will trade against the Wkly bias by entering shorts. (this goes for all the other combo's as well)
  3. over the weekend i have prepared some charts to show when one can trade against the Higher Timeframe's bias. hope it helps.
  4. one can manage the counter trade entries by: (1) enter a PT=SL distance and or (2) enter SL as normal and then raise the SL up to below the low of the last completed 4hr bar [for longs] as price moves higher. do this until SL is taken out.

​

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD How to trade with & against Wkly Bias.png Size: 31 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD How to trade with & against Wkly Bias2.png Size: 30 KB
Quoting sunshine
{quote} hello Bendz, i agree with you. i usually close most or all of my trades after price has an extra normal 1 day run AND if that run also gives us an extraordinary Weekly bar. i will consider letting the first trade ride after i have taken into account; how far that entry is from the 50% mark of the Daily bar, and how far that entry is from the 50% mark of the Weekly bar. if price is below the 50% Weekly range, i will leave it open, if price is at the or above the 50% range of the Daily i will bank the gains. if the Daily bar closed with...
Hi sunshine,

Thanks for your suggestions. If I closed all my trades on Friday or Monday, I earned more pips. Today I've closed the 2nd entry and leaves the 1st as it is. Now, I try to book some profits regularly
You gave me a good idea . I'll maintain it in my trades. Thanks a lot for your advice
Bendz
Hello sunshine, thanks for your explanation..

BUT, if the 4hrs closed below its LSH then i will trade against the Wkly bias by entering shorts. (this goes for all the other combo's as well)

So, do you mean, we can ignore weekly closed bar, and just trade if condition has met? ( I mean if price close below LSL or above LSH)
What i see from charts u gave, we are not only looking for buy signals, but we can do short sell also..
Quoting sunshine
{quote} thank you Ramaparasu i will play around with it and see if i can use it. i see there are quite a few expert advisers and indicators that show the Highs & Lows but none that show the Last Swing High (LSH) and Last Swing Low (LSL) as in our strategy here. i would really appreciate such ab expert adviser and indicator.

well master sunshine... we learn from each other
Quoting Bendz
{quote} Hi sunshine, Thanks for your suggestions. If I closed all my trades on Friday or Monday, I earned more pips. Today I've closed the 2nd entry and leaves the 1st as it is. Now, I try to book some profits regularly You gave me a good idea . I'll maintain it in my trades. Thanks a lot for your advice Bendz
u welcome Bendz

for today, later in the evening, the biggest mischief maker is going to give the other central Banksters & creators of counterfeit money & inter-bank dealers a free hand in running stops & manipulating the markets therefore i have closed all my trades.
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