One Hour Sniper (OHS)

We're all here to generate pips. Fresh edit 1 March 2019.
This is not my creation. This will likely be my KWAN !!
I trade the 1h, 4h, and Daily due to work obligations. This will work on all TF.
I trade many pairs. Beware the spread (it's the cost or running a business). This strategy is designed to catch not only reversals, but trend continuations as well.
Max risk is your quarrel, not mine! (we're all here for max pips) My personal max is 3% daily, 1% on any 1 trade... .5% on regular divergence trades.
I use Heiken Ashi candles combined with stochastics (settings of 8,3,3), overbought is 80, oversold is 20. (close/close) (exp.). Humans are visual creatures, hence the HA candles. HA are much easier on the eyes. Do not forget when plotting your candles to switch from candlesticks to line charts.
I have recently added a 5 EMA (3 shift) to show trend direction and momentum.
The winners far outweigh the losers.
I like the way the TDI reacts to PA. I will consider reversals when courting the 32 and 68 levels. TC are also considered depending upon where the price is within a wave. If I'm trading using the TDI, I wait for a complete cross of thick lines.
My biggest success has been using indicators to spot HD.
This journey began with 'trading made simple' post. It's a very popular thread. I've tried to replace the TDI with a stochastics. In so many of these trades, a simple trend line break could've had most traders making nice pips. Alas, EDIT... my replacement for the TDI indicator is the RSI (14)/14 EMA in the same window. Most of my trades are now HD. Same thing as a TC, or trend continuation trade. I now wait for a complete cross of the stochastic.
I will say if you get good at Hidden Divergence, you will have pips coming out of your ears.
Stochastics 8, 3, 3 for divergence and trend direction.
With a RSI/EMA (14) combined in it's own window.
Please be aware, when the stochastics extend to either 80 or 20, that does not mean the price WILL reverse, it may continue without a reverse.
This post has been edited on 8/13/17
Manage-- one can set a take profit for 1:1, I often use fractals for my trail stops. In addition, a trader can take half of their risk (R) out of the market at 1:1 and let the rest run, trailing the 'runner' with stops at or near fractals (highs and lows).
This will help. This can be used on any TF. I cannot recall nor I have been shown back to back losses. I do not frequent the way low TF.
I have added a price chart with trend lines. The green vertical lines are entries. Very important, the chart shows Hidden Divergence (HD), not a reversal trade.
Always always use a SL. If you're new to trading, head to Babypips and test yourself through each and every year. Study pyramiding and divergences while you're there. Study MTF while you're there. I've done it and most of the traders reading have done it.
I begin with a daily chart, then 4H. When I get bored, it's the 1H. You can trade any TF.
I look for a change in color of the current candle for a reversal. This post has more than enough marked charts to know what I'm looking at and looking for. If you want lots of daytime action in your trading, you may find it in this strategy. For best results, trade 1H and higher.
Rarely do I strive for a 1:1 trade. Rarely do I use a TP. I believe in letting all trades run.
Good questions to begin a checklist include. What is my balance? What max $ amount am I willing to risk today? Have I plotted at least 4 areas of SR? I am ____ pips away from parity. With experience comes incredible decisions that should ultimately lead you to better trades.
Enjoy, Renofaith

I have a full time job, I could've taken the majority of these trades.

If you want to be greedy and squeeze every pip out that you can, head down to the 15m or the 5m charts. I don't have the stomach for that. I'll be cheering you on my friend. This is nearly perfect for me. I'm simply sharing. Greetings and best wishes to all !!

I check my charts every 4 hours, Once stochastics hits either overbought or oversold, go to the 1H and watch for the Stochastics to do the same thing. Here's another winner folks. A very recent winner !!

Stochastics is a bit sloppy looking, but I haven't lost a dime yet. It's coming. And yes, this thread is not about divergence, but I'm gonna trade it when I see it. The chart here may be my first loser. EUR/AUD 1H

I risk a max of 3% daily. I use fibs depending upon what PA tells me. Pin Bars are a big help but not a must. I do NOT check FF for news announcements. I carry trades over the weekend (be wise with that close/open spread), I trade holidays and always have. The first time I traded the NFP, it was a mistake!! I won the trade BIG that day. I was so caught up, I didn't realize it was Friday (use caution on that one). I have a written set of DAILY GOALS and a TRADING CHECKLIST!!!!
Trade to your comfort level. I'm a massive risk taker at 3% because I 'feel' I can recover. I'm not greedy.
If you want to learn stacking or pyramiding, google it please! I'm constantly reading, reading, and reading. I love forex.
I wish an abundance of pips to all.
Renofaith

EUR/AUD STOCHASTICS
WK overbought and coming down.
D1 oversold and moving up
4H overbought and coming down
1H was overbought it's been coming down.
interesting!!
How good is this SNIPER TRADE ??

very interesting keep the charts coming

Cheers Paul

USD/CAD 1H I don't mind waiting 4H for a smooth setup at 7 am before you jump in the car and head to the box. I always check the 4H first.

Maybe you all like to overthink this stuff. I know I did for a long time. This is easy peasy !!

This is kinda how I do it.
1. Scan 15 pairs ever 4 hours looking for the SIGNAL line to close above/below the 80/20.
2. Identify the pairs (write them down).
3. Pull up the hourly charts and wait for a stochastic crossover or a change in candle color.
4. There is your entry friends.
5. Exits, worse case scenario 1:1.
There will be losing trades, I've spotted them, although I have not participated in any yet. This is forex. It probably wouldn't hurt to monitor news events. I don't. I wont. You can!!

Hi Renofaith,
Thanks for your system
So.. entry is the cross on H4 and H1 and exit on 1:1 ratio first order and second order till it reaches other end of the Stoch

Thanks
R

I'm not gonna lie friends, I would have probably taken both trades, but note the daylight on the stochastics readings. Hope this helps someone who maybe doesn't have much time to trade. I love staring at PA. I got stuff to do!! CAUTION... I don't think this makes a difference, but my sto setting is on the hi/low.

The stochastic on a buy needs to breach AND CLOSE above the 80, preferably with plenty of daylight, on the 4H. Then go to 1H for entry. I pull triggers on crosses 1H, also if the lines are touching 1H, but a cross is best 1H. thank you for your comment. Hope this helps, renofaith

Thanks Brother

To be more precise Daylight means enough gap?

Thanks
R

I forgot your exit... what you do is very similar to what I do. On the other hand, if PA gives me a winner MINUS 3 PIPS, I will go for BE, i.e. stop loss very close to the entry.
Thx renofaith

Absolutely !! You got this !! Best of luck rookie !!

Thank you for the kind words Paul, hope this stuff helps. I totally enjoy it.
Thx renofaith

Would anyone like a couple hundred pips before lunch on Tuesday?
Gotta be willing to let it sit through the weekend.
Gotta have plenty of wiggle room for the Friday close and the Sunday open. Very doable. EUR/JPY has always been my favorite pair. Oops, forgot, the small red arrow is the entry candle, NOT the one before !!

you mean to place a buy order around tomorrow or now itself?

Thanks
R