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Trading Unbreakable SP3@Rs with LWMA(20)

  • #1
  • First Post: Edited Oct 11, 2017 2:04am Oct 10, 2017 1:39am | Edited Oct 11, 2017 2:04am
Hello Everyone,

This thread shall be dedicated to a very simple strategy called "UnBreakable Spears"

Core of Strategy:

  1. Spear refers to bursty bars (large spread) on M15 through Linear Weighted Moving Average aka LWMA(20).
  2. If PA turns around and flies through the beginning of spear (i.e. against my sentiment), SL shall get hit.
  3. IF SL is hit, other direction be followed.
  4. See att. chart and explanation below:

  1. Well spread bars on M15 burst through LWMA (20)
  2. Thereafter price stabilizes below LWMA indicating a short move ahead



Rules:

  1. No Jacking or abuse of any kind.
  2. If you don't like this thread, just move on. Plz don't be a pain.


Thanks for your contribution..

Attached Image
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  • #2
  • Oct 10, 2017 1:47am Oct 10, 2017 1:47am
The PA didn't bounce back to break the beginning of the spear. IMO it should be safe to sell U/J.

SL at the beginning of the spear.
Attached Image
Meditate -> Workout -> Good Food = Good Life!
  • #3
  • Oct 10, 2017 2:06am Oct 10, 2017 2:06am
Here we have another fresh spear, a small one, but worth trading IMO.
Attached Image
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  • #4
  • Oct 10, 2017 6:04am Oct 10, 2017 6:04am
Quoting YellowFellow
Here we have another fresh spear, a small one, but worth trading IMO. {image}
U/J @ 112.42

I'll take profit here..
Meditate -> Workout -> Good Food = Good Life!
  • #5
  • Oct 10, 2017 6:53am Oct 10, 2017 6:53am
Quoting YellowFellow
{quote} U/J @ 112.42 I'll take profit here..
Looks like I should have added a short instead of taking profit. I'll just sit tight for now.
Meditate -> Workout -> Good Food = Good Life!
  • #6
  • Oct 10, 2017 6:53am Oct 10, 2017 6:53am
Quoting YellowFellow
Hello Everyone, This thread shall be dedicated to a very simple strategy called "UnBreakable Spears" Core of Strategy: Spear refers to a bursty bar on M15 through Linear Weighted Moving Average aka LWMA(20). If PA turns around and flies through the beginning of spear (i.e. against my sentiment), SL shall get hit. IF SL is hit, other direction be followed. I'll post charts to explain the strategy. Trading Unbreakable SP3@Rs on M15 (KiS) KiS is acronym for "Keep it Simple" Rules: No Jacking or abusive words. If you don't like this thread, just move...
what you mean by bursty bar?
  • #7
  • Oct 10, 2017 7:38am Oct 10, 2017 7:38am
Quoting DeejaySnipes
{quote} what you mean by bursty bar?
Large Spread..
Meditate -> Workout -> Good Food = Good Life!
  • #8
  • Oct 10, 2017 1:20pm Oct 10, 2017 1:20pm
Quoting YellowFellow
Rules: No Jacking or abusive words.
So just to be clear. He does NOT want to see any words like the following (top 5 most abusive words):
1. Felch
2. Cunt
3. Skullfuck
4. Cum dumpster
5. Alabama hot pocket
  • #9
  • Oct 10, 2017 6:28pm Oct 10, 2017 6:28pm
Quoting Anusragger
{quote} So just to be clear. He does NOT want to see any words like the following (top 5 most abusive words): 1. Felch 2. Cunt 3. Skullfuck 4. Cum dumpster 5. Alabama hot pocket
what does Felch mean?

Oh wait you're probably banned already
  • #10
  • Oct 10, 2017 9:24pm Oct 10, 2017 9:24pm
Quoting hibra68
{quote} what does Felch mean? Oh wait you're probably banned already
Quoting Anusragger
{quote} So just to be clear. He does NOT want to see any words like the following (top 5 most abusive words): 1. Felch 2. Cunt 3. Skullfuck 4. Cum dumpster 5. Alabama hot pocket
Wow! the thread has barely started and I already got flamers around :-)
Meditate -> Workout -> Good Food = Good Life!
  • #11
  • Oct 10, 2017 9:26pm Oct 10, 2017 9:26pm
Why not focus on business instead of targeting what words can be used or not?

well, I won't waste time and I would do what's right!
Meditate -> Workout -> Good Food = Good Life!
  • #12
  • Oct 10, 2017 9:54pm Oct 10, 2017 9:54pm
This burst through LMA (20) looks convincing, so, went long.
Attached Image (click to enlarge)
Click to Enlarge Name: uj4.PNG Size: 30 KB
Meditate -> Workout -> Good Food = Good Life!
  • #13
  • Oct 11, 2017 6:29am Oct 11, 2017 6:29am
Quoting YellowFellow
This burst through LMA (20) looks convincing, so, went long. {image}
Current price @ 122.30

I'll close the trades here, doesn't look good.
Meditate -> Workout -> Good Food = Good Life!
  • #14
  • Oct 11, 2017 8:25am Oct 11, 2017 8:25am
Maybe this will help. It's called 'Momentum Candles'. It has only 2 settings, and Color.

1st Setting is "candlepipvalue". This is the Minimum pip value for candle Body.
Next is "hilowpipvalue". Obviously the high and low of subject candle.
Default color is Magenta. Indicator candle width has no adjustment, and I do not have the .mq4 file. I'm certain some programmer could easily replicate it.
Attached Image (click to enlarge)
Click to Enlarge Name: Momentum Candles Indicator.png Size: 46 KB
Attached File(s)
File Type: ex4 Momentum Candles v1.ex4   7 KB | 509 downloads
  • #15
  • Oct 12, 2017 5:07am Oct 12, 2017 5:07am
Quoting diamonddbw
Maybe this will help. It's called 'Momentum Candles'. It has only 2 settings, and Color. 1st Setting is "candlepipvalue". This is the Minimum pip value for candle Body. Next is "hilowpipvalue". Obviously the high and low of subject candle. Default color is Magenta. Indicator candle width has no adjustment, and I do not have the .mq4 file. I'm certain some programmer could easily replicate it. {file} {image}
Thanks for the share mate!

I'll surely check this stuff.
Meditate -> Workout -> Good Food = Good Life!
  • #16
  • Oct 12, 2017 5:07am Oct 12, 2017 5:07am
This looks like a nice spear (burst) through LWMA (20), so, went long.
Attached Image
Meditate -> Workout -> Good Food = Good Life!
  • #17
  • Oct 12, 2017 5:41am Oct 12, 2017 5:41am
Hi YellowFellow, thank you for sharing your ideas. I didn't understood one thing: When you enter? After the breakout of the MA, do you wait a retracement candle , and if it don't bounce back, you enter, right? Sorry for my bad english
  • #18
  • Oct 12, 2017 5:50am Oct 12, 2017 5:50am
This was a nice opportunity on cable chart, missed it.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.PNG Size: 28 KB
Meditate -> Workout -> Good Food = Good Life!
  • #19
  • Oct 12, 2017 5:53am Oct 12, 2017 5:53am
Quoting Joseph95
Hi YellowFellow, thank you for sharing your ideas. I didn't understood one thing: When you enter? After the breakout of the MA, do you wait a retracement candle , and if it don't bounce back, you enter, right? Sorry for my bad english
English is a foreign language for me, guess for you too, nevertheless, yours is good.

Ques: When you enter? After the breakout of the MA, do you wait a retracement candle , and if it don't bounce back, you enter, right?

Ans: Yes, you are right, ideally, we should wait for 2-3 hrs (edited*). I am an impulsive trader and apparently that's a bad thing. I'm trying to improve.
Meditate -> Workout -> Good Food = Good Life!
  • #20
  • Oct 12, 2017 5:54am Oct 12, 2017 5:54am
Okay, thank you very much!
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