which setups/strategies are frequently occurring? | Forex Factory

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which setups/strategies are frequently occurring?

  • #1
  • First Post: Mar 16, 2017 1:27am Mar 16, 2017 1:27am
that way i can trade often enough. (gotta buy a house one day and they're expensive around here)


i'm thinking to get frequently occurring setups, we gotta go to shorter timeframes like 1h and less. 4h trends don't occur that often...


maybe the little runs within 4h trends?

what else occurs often enough?
  • #2
  • Mar 17, 2017 10:21am Mar 17, 2017 10:21am
trade pin bars on key levels, use limit orders on the tails too for possible retest, that way you can risk more with a tighter SL (same risk %) and a massive R:R

very easy, and it ALWAYS work; just need the patience to wait for it and let it run once the entry is made

price dont always go right away to your favor and stay there until it hits your TP.. i had orders stay on negative for hours and then they go positive and keep piling up the pips.. for weeks !! (imagine if i closed that order right?)

Can you do that?? wait for the setup, let it develop over time.. AND let it run??


CAN YOU?? =)
  • #3
  • Mar 17, 2017 11:56am Mar 17, 2017 11:56am
Quoting havo
trade pin bars on key levels, use limit orders on the tails too for possible retest, that way you can risk more with a tighter SL (same risk %) and a massive R:R very easy, and it ALWAYS work; just need the patience to wait for it and let it run once the entry is made price dont always go right away to your favor and stay there until it hits your TP.. i had orders stay on negative for hours and then they go positive and keep piling up the pips.. for weeks !! (imagine if i closed that order right?) Can you do that?? wait for the setup, let it develop...
Havo,

Can you post a chart of a recent trade or an example. Curious how you managed the trade into a winner where others would have exited prematurely...

Thanks
  • #4
  • Mar 18, 2017 5:33am Mar 18, 2017 5:33am
Just look for basic set up example pivot point, ma candle cross etc. with news bias. Read your news and understand sentiment.
Self discipline It is a practice
  • #5
  • Mar 24, 2017 8:32am Mar 24, 2017 8:32am
Quoting havo
trade pin bars on key levels, use limit orders on the tails too for possible retest, that way you can risk more with a tighter SL (same risk %) and a massive R:R very easy, and it ALWAYS work; just need the patience to wait for it and let it run once the entry is made price dont always go right away to your favor and stay there until it hits your TP.. i had orders stay on negative for hours and then they go positive and keep piling up the pips.. for weeks !! (imagine if i closed that order right?) Can you do that?? wait for the setup, let it develop...
Thanks havo and others. Definitely some great ideas here. Havo - that's amazing. i think i know what you are saying. execute a short term trade like 20 pips, or even less, and just let it run sick forever. "can I"? i don't know, but i do need the money . i bet you sure oh got some people here excited here. and the thing is, many of these short term trades, at some point run far and we'd missed it if collected very early. so your way just might be much better. the thing is, i've never really read about that before anywhere, and you'd think everyone would do it rather than the conventional small profit taking approach for short term trades.

and some other good suggestions here too like pivot points. i was thinking trend following before. but reality is there are lots of more convenient range trades to get into i think.

thanks everyone. i think the way to go is range trades (1h/4h timeframe, lots of opps there) and pivot points as that happens often enough, and havo's strategy is probably the best.
  • #6
  • Mar 27, 2017 10:19am Mar 27, 2017 10:19am
Quoting captain13
{quote} Thanks havo and others. Definitely some great ideas here. Havo - that's amazing. i think i know what you are saying. execute a short term trade like 20 pips, or even less, and just let it run sick forever. "can I"? i don't know, but i do need the money . i bet you sure oh got some people here excited here. and the thing is, many of these short term trades, at some point run far and we'd missed it if collected very early. so your way just might be much better. the thing is, i've never really read about that before anywhere, and you'd think...

go for 4h and up (8,12h, daily, etc); better signals and price moves a lot more; pratice a lot with support/resistance levels, catch the pin bars tails with pending orders and enjoy

go back in history and see what i mean, fairly easy to catch and spot; the "can i" part its the patience to wait for it to happen.. and let it run once you catch the move (y)
  • #7
  • Mar 27, 2017 8:03pm Mar 27, 2017 8:03pm
yes it does make sense and that's probably what the top traders are doing. thanks havo. that would be a good way to go.
  • #8
  • Jul 3, 2017 11:23am Jul 3, 2017 11:23am
I think, pin bar setups are very common in Forex business! You’ll get Pin Bar setup in all instruments from Forex to Metals! By the way, don’t use any trade setup blindly, try to use any trading opportunity according to the market flow! Read the full scenario of full trading chart!
  • #9
  • Edited 3:48pm Jul 3, 2017 3:20pm | Edited 3:48pm
Does not happen all the time, but when it does you get big moves

Change in central bank bias towards interest rates (see recent speech by Carney (BOE), Wilkins (BOC))
Big miss or beat on CPI or NFP, get in on the pullback
Pure gold
  • #10
  • Jul 3, 2017 4:23pm Jul 3, 2017 4:23pm
There are three market conditions. Understand them, and trade accordingly. Doesn't matter what method you use, or which condition you want to trade. Just know which is which and pick and choose.

Ranges are normally between news cycles.
Consolidations are normally prior to news releases, during midpoints (lunch) in trends, at tops and bottoms prior to reversing, and during dead market hours.
Trends are normally after news cycles.

I don't know, or care, anything about pin bars or 4 hour charts, lol. I trade 5M intraday swings, so none of that matters to me. While someone might think they made a lot of pips because of a 4 hr trade, they missed all the reverses, so I typically make 2-4 times the number of pips over the same period of time, not only from trading both directions, but from more precise entries/exits. I don't make up target points. I just trade until the market changes direction and take whatever it gave me. A time frame is just a time frame. Look at any time frame and the graph has two values, time and price. Price is variable, not time. You choose a time frame that consistently covers the spread and provides enough range between entry and exit to make profit. Other than that, it is a matter of your commitment, lazy, or engaged, that will determine your business plan. They all make the same designs. It is up to you to choose.

There is really only one universal indicator and that is a trend line. I have attached one that I like. It will automatically draw them and reset itself when I thinks it should. It provides suspected target lines, which I don't use, but you might? No matter what you choose to do, this indicator should help. I am also attaching a news indicator so you can prepare for your day. Good Luck.
Attached File(s)
File Type: ex4 TD_Points&Line_Auto.ex4   35 KB | 507 downloads
File Type: mq4 TD_Points&Line_Auto.mq4   18 KB | 495 downloads
File Type: ex4 FFCal Headlines.ex4   36 KB | 416 downloads
You cannot be extraordinary by being normal
  • #11
  • Jul 5, 2017 10:18am Jul 5, 2017 10:18am
Quoting captain13
which setups/strategies are frequently occurring?

All the ones that either don't have a real edge, or (if they just about do) have the lowest PF's of profitable systems. And if you think about it, there are actually reasons for that, aren't there?
  • #12
  • Jul 5, 2017 9:07pm Jul 5, 2017 9:07pm
Go with price. Breakout of each candle. Add to your positions and let your winners run. Obviously cut your losses.
You could do a trailing exit moving average with your profitable trades. Markets tend to go further than we can imagine or believe.

I just described what 95% of the traders are not doing.
  • #13
  • Jul 5, 2017 10:13pm Jul 5, 2017 10:13pm
try breakout trading maybe?
  • #14
  • Jul 6, 2017 10:38am Jul 6, 2017 10:38am
Quoting dkrock
There are three market conditions. Understand them, and trade accordingly. Doesn't matter what method you use, or which condition you want to trade. Just know which is which and pick and choose. Ranges are normally between news cycles. Consolidations are normally prior to news releases, during midpoints (lunch) in trends, at tops and bottoms prior to reversing, and during dead market hours. Trends are normally after news cycles. I don't know, or care, anything about pin bars or 4 hour charts, lol. I trade 5M intraday swings, so none of that matters...
I thought you did not use TL, or support/resistance lines correct?
  • #15
  • Jul 7, 2017 6:51am Jul 7, 2017 6:51am
Quoting Ivanyo
try breakout trading maybe?
Yes, breakout trading setup is also common in all of trading instruments! Maybe new traders lose their money by confusing breakout and false BU structure! But, pro traders can use these setups according to their long time trading experience!
  • #16
  • Edited 6:45pm Jul 8, 2017 6:27pm | Edited 6:45pm
Quoting Jhlewis10
{quote} I thought you did not use TL, or support/resistance lines correct?
I use a series of moving averages against a Bollinger band field, so I have more or less upgraded from this trend line, but when you are new to trading and building your design, it can be handy to help find reverse points so you can target confirmation indicators against them. This one will show breakouts, but sometimes they are false, so you need other tools. Once it detects a range, it shows the upper and lower boundaries, so if price stays inside them, it will not give a trading signal. So there are limitations, but for a new trader, it could be helpful.
You cannot be extraordinary by being normal
  • #17
  • Jul 9, 2017 9:02pm Jul 9, 2017 9:02pm
thanks everyone, including dkrock for the indicator. i actually have been mucking around with trend lines and didn't get a good result after 1h tests 85 trades sample. its possible though that more requirements are needed ie confluence to make it work.

i also experimented a little , not enough sample trades though (only about 25) with range trades 4h and didn't do too well. at least, if it does work i would need to test more. just drawing a 2 point line and getting a third bounce off it may not be enough my friends.


i'm starting to think though that the key is getting a higher timeframe going, or some other kind of 'confluence'. people talk about taking fewer trades, just the best ones, that are very confluent and that might be the key.
  • #18
  • Jul 10, 2017 11:13pm Jul 10, 2017 11:13pm
Quoting captain13
thanks everyone, including dkrock for the indicator. i actually have been mucking around with trend lines and didn't get a good result after 1h tests 85 trades sample. its possible though that more requirements are needed ie confluence to make it work. i also experimented a little , not enough sample trades though (only about 25) with range trades 4h and didn't do too well. at least, if it does work i would need to test more. just drawing a 2 point line and getting a third bounce off it may not be enough my friends. i'm starting to think though...
Try using a real time TDI with your lines. Adjust as necessary. It might help you with market direction.

Attached File(s)
File Type: mq4 TDI-RT-Clone.mq4   4 KB | 494 downloads
You cannot be extraordinary by being normal
  • #19
  • Jul 11, 2017 10:24pm Jul 11, 2017 10:24pm
i don't know about TDI - don't want to start learning new bags of tricks.

i think though, at least now, one needs to find confluent and more perfect setups. to trade much less.
  • #20
  • Last Post: Aug 31, 2017 3:29am Aug 31, 2017 3:29am
Quoting captain13
that way i can trade often enough. (gotta buy a house one day and they're expensive around here) i'm thinking to get frequently occurring setups, we gotta go to shorter timeframes like 1h and less. 4h trends don't occur that often... maybe the little runs within 4h trends? what else occurs often enough?
I think pin bar setup is the most common setup! But in the market, you will get so many fake pin bar setups are out there; because pin bar setup is not mean 100% success! You have to understand the overall scenario of the market! Following any trading trade setup so blindly is costly!
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