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Simple Low Risk Price Action Trading w/ TE Results

  • #281
  • Oct 25, 2017 9:45am Oct 25, 2017 9:45am
Here's an interesting one because I usually like for the price to get very close to the middle bollinger band and PSAR to take an entry, but in this case watching it on the 15 minute and 1 hour chart, it was ready to drop. So for confirmation of the trade you can trade a setup like this more along the lines of a breakout/breakdown entry and place your sell order (in this case) just below the low of the previous candle on the 1H chart. Stop would be just above the high of the previous candle. For a take profit, the pair had a very wide bottom bollinger band with room to go on the daily chart so a take profit close to the bottom bollinger band on the 1H would be ideal.
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  • #282
  • Oct 25, 2017 4:04pm Oct 25, 2017 4:04pm
Just a quick update on the 4hr charts...

For me, I haven't seen many 4/4 entries this week (so far). I've been looking at around 18 different pairs (all with spreads of less than 5 pips) and not come across anything promising. Then again, I could just be doing it wrong!

So, for next week I'm going to use some offline 2hr charts and see how I get on with those. And then just keep dropping the time down by 50%, each week, until I either get to something that seems to work for me, or 15 minutes. Obviously, the lower the timeframe I get to the tighter I'm going to need the spreads (so fewer pairs to trade).
  • #283
  • Oct 26, 2017 3:13pm Oct 26, 2017 3:13pm
Quoting plymgary
Just a quick update on the 4hr charts... For me, I haven't seen many 4/4 entries this week (so far). I've been looking at around 18 different pairs (all with spreads of less than 5 pips) and not come across anything promising. Then again, I could just be doing it wrong! So, for next week I'm going to use some offline 2hr charts and see how I get on with those. And then just keep dropping the time down by 50%, each week, until I either get to something that seems to work for me, or 15 minutes. Obviously, the lower the timeframe I get to the tighter...
I already closed 22 trades this week by 4h trading.
  • #284
  • Oct 26, 2017 3:18pm Oct 26, 2017 3:18pm
Quoting ficibald
{quote} I already closed 22 trades this week by 4h trading.
That's interesting. Were you looking for all 4 signals? If so, then I am missing something!
  • #285
  • Oct 27, 2017 1:32am Oct 27, 2017 1:32am
Quoting plymgary
{quote} That's interesting. Were you looking for all 4 signals? If so, then I am missing something!
No I dont pay attention to parabolic sar. So far in profit
  • #286
  • Oct 27, 2017 2:35am Oct 27, 2017 2:35am
Quoting ficibald
{quote} No I dont pay attention to parabolic sar. So far in profit
So 3/4 signals plus divergence ? "so far in profit" is this good or or luck good is high win rate or good win to lose ratio. Luck is you dont think you had this but just little profit and maybe next time it is break even or lose? Why do you disregard psar ? is it late or you dont like it or something else ?

Thank You.

Best regards
  • #287
  • Edited 7:09am Oct 27, 2017 3:35am | Edited 7:09am
Took an entry on the 2hr chart this morning (at the 8am point). I think it's okay as all the indicators were in the 'right' places. I've gone for a 1:1.5 risk/reward. Let's see what happens.

ETA: Later noticed it was at the bottom Bollinger band on the daily chart. Still, I'm going to go for it.

Update: Closed for the 1.5 Profit. That's a good start.
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  • #288
  • Oct 29, 2017 5:16pm Oct 29, 2017 5:16pm
Hi again,

Just looking at the EURCAD daily chart and think I've spotted a signal for a hidden bullish divergence in the stochastic? All the other indicators are in the buy territory too. Not sure if it makes much difference, but price is also above the 100EMA on the weekly chart too?

So, I've placed a pending order waiting for the price to drop a little. Again, I'm going for a ratio of 1:1.5 reward/risk.

If any of my thinking is wrong then please put me straight.
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  • #289
  • Oct 30, 2017 7:44am Oct 30, 2017 7:44am
Quoting plymgary
Hi again, Just looking at the EURCAD daily chart and think I've spotted a signal for a hidden bullish divergence in the stochastic? All the other indicators are in the buy territory too. Not sure if it makes much difference, but price is also above the 100EMA on the weekly chart too? So, I've placed a pending order waiting for the price to drop a little. Again, I'm going for a ratio of 1:1.5 reward/risk. If any of my thinking is wrong then please put me straight. {image}
Embry1 Will fill you in properly,but from what i can see your stoch is not showing correctly for the monday morning.Looking at it, it looks like you have a Sunday candle which has thrown it out compared to mine.,I do not have a sunday candle and stoch was never below 30 level.
  • #290
  • Nov 7, 2017 3:32pm Nov 7, 2017 3:32pm
Hi, Embry. Look at this panel. The guys in the next branch have remade. Related parameters. Perhaps it will make it easier to monitor the market with the appropriate settings of the rules.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 Dashboard - Ultimate v101_ICWR_v2b.ex4   219 KB | 519 downloads
  • #291
  • Nov 12, 2017 10:34am Nov 12, 2017 10:34am
Are people still trading this, no action here and Embry1 have not been here for weeks ??

Best regards
  • #292
  • Nov 12, 2017 10:59am Nov 12, 2017 10:59am
Quoting jgadefelth
Are people still trading this, no action here and Embry1 have not been here for weeks ?? Best regards
Yep still trading it, I've been trading mostly on a live account and working on scaling it up. I just linked my swing setup TE because that's more of the route that's working better for my style of trading. Right now my daily routine is to check the daily chart to determine direction, then buy/sell on the 1 hour and 15 minute with setups. I'm taking less 15 minute setups because those require a lot of attention for little reward (however you do get more opportunities). As you can see in that TE, the swing setups meaning trades that last anywhere from 3-24 hours, has done quite well this month.
  • #293
  • Nov 12, 2017 12:30pm Nov 12, 2017 12:30pm
Fantastic results on both demos! Keep up the good work! Train your brain to make withdrawals. This is super important.

Never compound the profits into higher lots traded, the higher the balance gets... The time when the system will fail will come and all profits might get lost. If you withdraw regularly, the shit time will come, but it can only wash out the balance left for trading. Keep all profits outside the account you trade.

Once the shit times are over, keep on trading your system. 1-2-3 years might pass, untill the next shit period...
Maadik Hugiis. IQ 69.
  • #294
  • Nov 17, 2017 10:58pm Nov 17, 2017 10:58pm
Quoting Embry1
{quote} Yep still trading it, I've been trading mostly on a live account and working on scaling it up. I just linked my swing setup TE because that's more of the route that's working better for my style of trading. Right now my daily routine is to check the daily chart to determine direction, then buy/sell on the 1 hour and 15 minute with setups. I'm taking less 15 minute setups because those require a lot of attention for little reward (however you do get more opportunities). As you can see in that TE, the swing setups meaning trades that last...
Embry,

I have been following your replies for awhile now. Great work! It seems like you are trading the weekly setups right? A.k.a "vanilla" setup
  • #295
  • Mar 25, 2018 10:20pm Mar 25, 2018 10:20pm
Does this look like a good setup? I am reading through the thread and trying to see if I am on the right page.
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  • #296
  • Aug 18, 2018 2:30pm Aug 18, 2018 2:30pm
Quoting reteid2222
{quote} Ok coded the indicator that it took exactly angelicas entrys...u have utc-7 to -4 in germany +1... Settings and trades now as in the picture: Next step I ll code embry s version with div & s/r....this will be harder cause of the s/r {image} {image}
Did you complete every thing I`m very sure on your work thus searcing for awesome EA`s did you do a EA on this priciples and where could I get it,
much appreciated!!!
  • #297
  • Oct 21, 2018 3:56am Oct 21, 2018 3:56am
Hi guys is this tread closed
  • #298
  • Oct 21, 2018 11:44pm Oct 21, 2018 11:44pm
1s this a Valid entry Signal
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  • #299
  • Edited 2:17am Oct 22, 2018 2:02am | Edited 2:17am
Went Long on this one I’m not sure about how you place your Tp
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  • #300
  • Oct 22, 2018 2:18am Oct 22, 2018 2:18am
Quoting FxZitha
Went Long on this one I’m not sure about how you place your Tp{image}
stopped out + 25
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