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One Hour Sniper (OHS)

  • #21
  • Jun 22, 2017 8:01pm Jun 22, 2017 8:01pm
Quoting rookie14
you mean to place a buy order around tomorrow or now itself? Thanks R
I moved the vertical line to the right on purpose to show what would've happen if you got in a hurry and entered on the candle that is to the left of the arrow. You would have lost due to the high of the pin bar. It's best to wait for the stochastic cross and then enter on the close of that candle. That would have been a sell order, the candle at the red arrow. I moved the vertical to the right one candle 'on purpose" to show you.
Hope that helps.
Thx renofaith
  • #22
  • Jun 22, 2017 8:17pm Jun 22, 2017 8:17pm
It's best to always know where parity is (green line) X.XX00. I threw in a trend line for good measure. I like the direction this one is going. I'm not 'out of the woods yet though', by any stretch. EUR/AUD always a very erratic pair.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1late.png Size: 49 KB
  • #23
  • Jun 22, 2017 8:26pm Jun 22, 2017 8:26pm
When I wake up, I'm gonna be down some pips, or up some pips. I've put all the odds in my favor that concern me. I'd be most delighted with win #10 in a row. That's never happened for me.
Greetings and blessings to all.
P.S. win, lose, or draw... we will ALL win, it'll teach us, again..... the market is never wrong.
renofaith
  • #24
  • Jun 22, 2017 8:32pm Jun 22, 2017 8:32pm
Made this for this thread...

Attached Image (click to enlarge)
Click to Enlarge Name: 1 Hour Sniper.jpg Size: 310 KB
  • #25
  • Jun 22, 2017 8:37pm Jun 22, 2017 8:37pm
Quoting 2+2=4ex
Made this for this thread... {image}
Oh my goodness, that is so cool. I didn't know what else to call it. I just want to help my friends and neighbors. Thank you so much for the pic.
An avalanche of blessings to you my friend.
Thx renofaith
  • #26
  • Jun 22, 2017 9:02pm Jun 22, 2017 9:02pm
Don't forget to throw on some trend lines. Add them to your rules if you wish. They're free !!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 58 KB
  • #27
  • Jun 22, 2017 9:15pm Jun 22, 2017 9:15pm
This trade took about an hour to setup. 3 entries. Price is still hangin' on. Very sloppy stochastic made me very apprehensive. It worked out.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1yesterday.png Size: 50 KB
  • #28
  • Jun 22, 2017 9:22pm Jun 22, 2017 9:22pm
In real time, the stochastics may appear to present a buy/sell signal, however by the time the candle has ended, may have completely changed, how do you account for that? Or do you wait until the candle is finished? Also I think even if the candle is finished the stochastic line still can change based on the next few candles. I'm talking about repaint
HMSR
  • #29
  • Jun 22, 2017 9:23pm Jun 22, 2017 9:23pm
Quoting rookie14
you mean to place a buy order around tomorrow or now itself? Thanks R
which pair and which time frame are you looking at rookie?
  • #30
  • Jun 22, 2017 9:28pm Jun 22, 2017 9:28pm
Quoting Hmsr
In real time, the stochastics may appear to present a buy/sell signal, however by the time the candle has ended, may have completely changed, how do you account for that? Or do you wait until the candle is finished? Also I think even if the candle is finished the stochastic line still can change based on the next few candles. I'm talking about repaint
Thank you for your comment, since I trade mostly 1H candles, I may wait from 5 minutes to 5 hours (consolidation of course) to make an entry. I totally wait for the candle to finish.
Hope this helps.
Thx renofaith
  • #31
  • Jun 22, 2017 9:34pm Jun 22, 2017 9:34pm
I've spent around 3 years trading mostly Japanese candlesticks, moving averages, and C.C.I., with success.
I'm very new to the Heiken Ashi candle. I'm ok with the stochastics. With this strategy, I can literally glance for less than 60 seconds and know if I need to head to the 1H chart. I trade every pair I can (15). Spread to me is a simple 6 letter word. NEVER begrudge spending a dollar to make 2 dollars !! I know... opinions vary on that.
Thx renofaith
  • #32
  • Jun 22, 2017 9:39pm Jun 22, 2017 9:39pm
Thanks for sharing your trading system renofaith. Which candle is the entry candle after the HA candle changed? Is it just after the first set up candle has been closed or the third and fourth are still valid entry as long as the Stochastic has just bounce back and cross 20 or 80 level ?

Regarding your EA trade, Stochastic has not cross level 80 in 4H TF, is it still valid?
Jakepuia
  • #33
  • Jun 22, 2017 9:52pm Jun 22, 2017 9:52pm
Quoting Jakepuia
Thanks for sharing your trading system renofaith. Which candle is the entry candle after the HA candle changed? Is it just after the first set up candle has been closed or the third and fourth are still valid entry as long as the Stochastic has just bounce back and cross 20 or 80 level ? Regarding your EA trade, Stochastic has not cross level 80 in 4H TF, is it still valid?
On the entries, the entry is the changed color HA candle. In most cases, the stochastic is headed in your direction AND the colored lines (value and signal) are either touching or have already crossed, preferably already crossed. The stochastics are of little concern at this point. The stochastic in my current trade doesn't have to breach BELOW the 80 for an entry on either time frame. Hope this helps.
If you have any more questions, please do not hesitate to ask.
Thx renofaith
  • #34
  • Jun 22, 2017 9:54pm Jun 22, 2017 9:54pm
I show only 1H charts, my 4H criteria has already been satisfied. This is one loser followed by a nice winner that, if left alone, would have made up easily for the loss.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 50 KB
  • #35
  • Jun 22, 2017 11:20pm Jun 22, 2017 11:20pm
Step 1, The signal line (red) needs to close above the 80 level. Once that happens, I head to 1H charts.
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  • #36
  • Jun 23, 2017 3:11am Jun 23, 2017 3:11am
Moving down slowly

Lets see how many pips it goes down,, have to have much patience again
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 32 KB
Jakepuia
  • #38
  • Jun 23, 2017 5:30am Jun 23, 2017 5:30am
Thanks for taking the time to post Renofaith... looks interesting.
  • #39
  • Jun 23, 2017 5:48am Jun 23, 2017 5:48am
Latest update from my EUR/AUD trade from last night. I should have set my buy limit one pip away near the small red arrow. I could've banked .5% for the day. I ditched the buy limit and set stop at BE. Let's see what gives now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1be.png Size: 46 KB
  • #40
  • Jun 23, 2017 5:52am Jun 23, 2017 5:52am
4H stochastics still very much supporting my directional bias. I have zero wiggle room. If I sneeze, I'm stopped out. WALK AWAY at this point. I'd love to carry this one over the weekend. It's up to the market at this point.
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