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Simple Daily Trend Reversal Trading System

  • #101
  • Nov 14, 2017 2:34am Nov 14, 2017 2:34am
Hi mrdfx, it's probably my broker causing the zig zag arrows to "jump around" on my chart(?). I haven't changed any of those specific settings. Yes, I closed out for a few pips profit.
  • #102
  • Nov 14, 2017 2:39am Nov 14, 2017 2:39am
Quoting Patso
Hi mrdfx, it's probably my broker causing the zig zag arrows to "jump around" on my chart(?). I haven't changed any of those specific settings. Yes, I closed out for a few pips profit.
Ok just to make sure you have the same settings, this should be how the signal arrow settings should be.
Attached Image (click to enlarge)
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  • #103
  • Nov 14, 2017 2:55am Nov 14, 2017 2:55am
I'll double check to make sure I have those exact settings. Oh wow, they were WAY off. My 60 was set at 12(!). Just changed it, thanks!.
  • #104
  • Nov 14, 2017 3:33am Nov 14, 2017 3:33am
Had a confirmed buy entry on AUDCAD, H4.
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Truth is like poetry. And most people f*cking hate poetry.
  • #105
  • Nov 14, 2017 4:17am Nov 14, 2017 4:17am
Over 650 downloads! WOW!

Welcome and I hope you find my strategy to be as profitable for you as it is for me.

I appreciate all your feedback on your results from my strategy.
Truth is like poetry. And most people f*cking hate poetry.
  • #106
  • Nov 14, 2017 4:21am Nov 14, 2017 4:21am
Currently in this trade on usd/cad, i didnt wait for the candle to close below the sma because it had alot of momentum with it, will TP when it reaches that trendline i have drawn on the 4H

Attached Image (click to enlarge)
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  • #107
  • Nov 14, 2017 4:33am Nov 14, 2017 4:33am
hi

i like your system

can you just clarify how to confirm taking a trade on H1 by looking and confirming on H4 chart ?
  • #108
  • Nov 14, 2017 4:38am Nov 14, 2017 4:38am
Valid sell trade on USDZAR.
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Truth is like poetry. And most people f*cking hate poetry.
  • #109
  • Nov 14, 2017 4:40am Nov 14, 2017 4:40am
Quoting Hazza88
Currently in this trade on usd/cad, i didnt wait for the candle to close below the sma because it had alot of momentum with it, will TP when it reaches that trendline i have drawn on the 4H {image}
Nice entry!
Truth is like poetry. And most people f*cking hate poetry.
  • #110
  • Nov 14, 2017 4:49am Nov 14, 2017 4:49am
my first trade using your system


lovely

god bless
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  • #111
  • Nov 14, 2017 5:07am Nov 14, 2017 5:07am
Quoting alhalawi
hi i like your system can you just clarify how to confirm taking a trade on H1 by looking and confirming on H4 chart ?
Hi alhalawi to be honest i don't use H1 too much and use mostly H4 chart. You can check higher time frame to see the trend if you like, but I don't do that. If I see a valid entry on H4 i will check H1 sometimes to see whats going on there but generally I stick to H4. Of course you can use any time frame you prefer but I find lower time frames more risky.
Truth is like poetry. And most people f*cking hate poetry.
  • #112
  • Nov 14, 2017 6:19am Nov 14, 2017 6:19am
Ok, I think it is the right signal or am I completely wrong? I try to look daily chart too, but atm, just trying to figure out your system and keeping it H1 and H4 as well.
As you can see, H1 gave signal like long time ago, then again H4 just gave the signal, I entered, lets see, how it goes, will keep you updated.
My H1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H1_entry.png Size: 29 KB


My H4
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_entry.png Size: 32 KB


Let me just ask you some things,
Entry, basically you enter, when 2 charts confirm the signal, even if candle is not finished and goes by the SMA, right?
SL you set just below the latest lowest candle basically? I just try to get my RR 3:1, so this is my TP line for now. Not sure how much you have gained, but then again, I guess, it is ok to make it trailing if I have RR 2:1. Well, lets see how this trade goes.

Will go through the rules and such.

I also went in with EURUSD as there was even D1 chart showing the signal and lets see. Dont have pic for that pair though, but it was just a test run anyway and I was a bit late with EURUSD.
  • #113
  • Nov 14, 2017 6:48am Nov 14, 2017 6:48am
Quoting arjasepp
Ok, I think it is the right signal or am I completely wrong? I try to look daily chart too, but atm, just trying to figure out your system and keeping it H1 and H4 as well. As you can see, H1 gave signal like long time ago, then again H4 just gave the signal, I entered, lets see, how it goes, will keep you updated. My H1 {image} My H4 {image} Let me just ask you some things, Entry, basically you enter, when 2 charts confirm the signal, even if candle is not finished and goes by the SMA, right? SL you set just below the latest lowest candle basically?...
On AUDUSD there is a buy signal 90% confirmed on H4. Yes on H1 it is confirmed but not yet on H4 as the candle has not crossed the SMA yet. If you like to trade more on H1 more then you can enter, but my preference is on H4 so in this case I would wait for the cross and close of the SMA on H4. This strategy can be used on any TF but the lower the TF the higher the risk.

My SL is set on the previous high or low if I use one, and also S&R levels can be used. TBH many times I don't even use a SL as when the trade is confirmed I have a good expectation that the trade will run to profit, but for the case of sharing the strategy here on FF, I've covered the subject of SL for members to feel more safe testing it. Once you have been using this system for as long as I have you get to know it well, and setting a SL is not always necessary. If I leave a trade running overnight I might set a SL just in case something funky happens when I'm sleeping.
Truth is like poetry. And most people f*cking hate poetry.
  • #114
  • Nov 14, 2017 6:54am Nov 14, 2017 6:54am
Stopped out at b/e +2, bit annoying to see a 30 pip trade come all that way back but better than a loss

Attached Image (click to enlarge)
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  • #115
  • Nov 14, 2017 7:05am Nov 14, 2017 7:05am
Quoting Hazza88
Stopped out at b/e +2, bit annoying to see a 30 pip trade come all that way back but better than a loss {image}
If you look on H4 which is the main TF I use you can see that the candle had a pullback to the SMA and then bounced off it respecting the current trend. (On H1 you traded the pullback)

I have been on this trade since yesterday and am sitting on 40+ pips and still holding. It is quite normal to have some pullbacks but as long as you trust the system it will work. The market also seems to respect the higher TF more which is why I tend to stick to H4, but which TF you choose is up to your personal preference.
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  • #116
  • Nov 14, 2017 7:14am Nov 14, 2017 7:14am
mdrfx you basiclly said you even don't use a sl because price can make spike new or new H/L couple pips
and then return or not,
how about take profit what you suggest, do you let it just run, do you doing it as a basket of open trades?
  • #117
  • Nov 14, 2017 7:21am Nov 14, 2017 7:21am
Hey folks,
Could you suggest what TF I should trade on?

From Page 1 to this page, I always see all chart on H1 and H4
  • #118
  • Nov 14, 2017 7:44am Nov 14, 2017 7:44am
Quoting mrdfx
{quote} On AUDUSD there is a buy signal 90% confirmed on H4. Yes on H1 it is confirmed but not yet on H4 as the candle has not crossed the SMA yet.
Oh, so you mean the body has to cross the SMA, not just wick? I thought wick is just fine to be crossed. Oh well, lets see how it goes. I prefer higher TFs as well as I try to get more pips and win more
  • #119
  • Nov 14, 2017 9:07am Nov 14, 2017 9:07am
Quoting beethoven
mdrfx you basiclly said you even don't use a sl because price can make spike new or new H/L couple pips and then return or not, how about take profit what you suggest, do you let it just run, do you doing it as a basket of open trades?
I never said I don't SL, I said many times I don't use a SL as I understand my strategy, and I have been using it for a long time, but there are times that I will have a SL for sure. One of the reasons why I don't always use a SL is I have the luxury of working at home, and I have access to the charts pretty much all day except when the wife starts giving me the beady eye, so I'm able to monitor my trades throughout the day, and if I do see a trade going the other way I close manually.
Truth is like poetry. And most people f*cking hate poetry.
  • #120
  • Nov 14, 2017 9:08am Nov 14, 2017 9:08am
Quoting lenhan555
Hey folks, Could you suggest what TF I should trade on? From Page 1 to this page, I always see all chart on H1 and H4
If you read the first post again properly you will see the answer to your question. Thanks for stopping by...
Truth is like poetry. And most people f*cking hate poetry.
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