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Hit and Run Strategy

  • #41
  • Nov 25, 2017 2:16pm Nov 25, 2017 2:16pm
Quoting Nick.Sa
{quote} Hi Fiddy! Seems like a good strategy and thanks for good explanations! I have couple of questions if you don't mind... 1.How you define number of pips for stop entry? 2.Do you care about high impact(RED) news announcements? 3. {quote} Any chance to see explanations of your ''non-simplified'' method?
1. My suggestion is to base this on the time frame and currency you are trading. If you are starting with a 30 min chart, depending on the pair I would use 6-10 pips. As you go to a higher time frame, say a 4 hour, I would suggest 20-30. Daily 30+. But again it depends on the pair. I am going to introduce another entry strategy soon.
2. The Higher The Time Frame The Less It Matters. I would suggest IF you are going to trade around these. Only take trades in the direction of the high time frame. Look at Daily and 4 Hour Charts and take setups in that direction.
3. Not at this time. I may post some detailed videos at some point but its too much to cover here.
  • #42
  • Nov 25, 2017 2:17pm Nov 25, 2017 2:17pm
Quoting godofgold
{quote} Did you set alert when rule 1 is available? Thank you! And NLD is MA24, isn't it?
I believe there is a non lag dot alert indi. I will try to find it.

YES NLD 24
  • #43
  • Nov 25, 2017 3:21pm Nov 25, 2017 3:21pm
Quoting godofgold
{quote} Did you set alert when rule 1 is available? Thank you! And NLD is MA24, isn't it?
Non Lag Dot With Alert

Attached File(s)
File Type: ex4 nonlagdot_withalert.ex4   18 KB | 656 downloads

Attached File(s)
File Type: mq4 nonlagdot_withalert.mq4   5 KB | 655 downloads
  • #44
  • Nov 25, 2017 5:51pm Nov 25, 2017 5:51pm
Here Is A Video On Setting Up A Trade On A Daily Chart. Using A Smaller Time Frame To Find An Entry.

Inserted Video


Bearish Video

Inserted Video
  • #45
  • Nov 25, 2017 6:09pm Nov 25, 2017 6:09pm
Quoting Fiddy
Here Is A Video On Setting Up A Trade On A Daily Chart. Using A Smaller Time Frame To Find An Entry. https://www.youtube.com/watch?v=OqOD...ature=youtu.be Bearish Video https://www.youtube.com/watch?v=LTW1...ature=youtu.be
Hi Fiddy,

First of all congratulations for your thread!
I understand everything you post, for me what is difficult is to track good opportunities, can you tell me which are the pairs that you trade and what s the best TF to work?
Do you use more indicators? I saw another thread that talks about you and they use the Harmonic ABCD indicator, do you use it?

Regards and keep going with this thread!
  • #46
  • Nov 25, 2017 6:33pm Nov 25, 2017 6:33pm
Quoting FFilipe
{quote} Hi Fiddy, First of all congratulations for your thread! I understand everything you post, for me what is difficult is to track good opportunities, can you tell me which are the pairs that you trade and what s the best TF to work? Do you use more indicators? I saw another thread that talks about you and they use the Harmonic ABCD indicator, do you use it? Regards and keep going with this thread!
If you are trading a smaller Time Frame like 15 Min or 30 Min (Day Trading Setups). I would only use the pairs with the lowest spreads. If you use a higher time frame you can trade any pair. I would suggest focusing on 4-6 pairs that you like and don't use anything less than a 1 Hour Chart. That way even though you may not get a lot of setups trading 4-6 pairs will give you plenty of setups. If you are day trading use the 15 or 30. You will get 1-2 Setups Per Day. The thing that can be tough on smaller time frames is you have to be tracking them I would say during London Open and NY Session. If you can't be in front of your computer all the time higher time frame is recommended.

No I don't use harmonics. I've studied them a bit but there are so many complicated patterns to remember. And because I've looked at the market one way for so long it's hard for me to re-program my brain to see those patterns. I think this is much simpler.

I'm going to introduce some more ideas at some point. Where we can get 2nd and 3rd entries into the same concept.
  • #47
  • Nov 25, 2017 6:41pm Nov 25, 2017 6:41pm
Quoting Fiddy
{quote} If you are trading a smaller Time Frame like 15 Min or 30 Min (Day Trading Setups). I would only use the pairs with the lowest spreads. If you use a higher time frame you can trade any pair. I would suggest focusing on 4-6 pairs that you like and don't use anything less than a 1 Hour Chart. That way even though you may not get a lot of setups trading 4-6 pairs will give you plenty of setups. If you are day trading use the 15 or 30. You will get 1-2 Setups Per Day. The thing that can be tough on smaller time frames is you have to be tracking...
Thanks for your reply!
  • #48
  • Nov 25, 2017 9:25pm Nov 25, 2017 9:25pm
Hi Fiddy,

Thks for the videos.

One question : If the candle just missed by a few pips from the 50% Fibo level, do u still consider it as a valid signals?
  • #49
  • Edited 8:47am Nov 26, 2017 8:28am | Edited 8:47am
hellow fiddy great strategy i love it..
this's daily gold chart....can you explain how to take entry h1 one chart...
sorry disturb you..me to not understand well yet
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  • #50
  • Nov 26, 2017 9:34am Nov 26, 2017 9:34am
Quoting dylanwee
Hi Fiddy, Thks for the videos. One question : If the candle just missed by a few pips from the 50% Fibo level, do u still consider it as a valid signals?
depending on the time frame yes it is valid. but many times what happens is you see the market front run the 50% by 10 pips. this is not valid because it will likely test back down to at least the 50% or maybe more so its best to be patient. but I would say within 4-6 pips max. the touch is ideal. I suggest just studying it and you will see what I'm talking about
  • #51
  • Nov 26, 2017 3:40pm Nov 26, 2017 3:40pm
Quoting longtrader
hellow fiddy great strategy i love it.. this's daily gold chart....can you explain how to take entry h1 one chart... sorry disturb you..me to not understand well yet {image} {image}
That's funny I was reviewing this chart just a couple hours ago. So I'll show a daily and a 1 hour. One suggestion, you don't have to.... but if you are basing the trade on the daily chart. When you zoom down to 1Hour take all the MAsoff the chart because it distracts from the idea that you are not actually trading that time frame. Just a suggestion. Unless you have another entry system going on there...

Gold Daily -
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Gold 1 Hour - I used a 40 pip range since signal based on Daily Chart - Also This chart has 3 Entries
Entry #1
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#2
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#3
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  • #52
  • Nov 26, 2017 6:08pm Nov 26, 2017 6:08pm
Quoting Fiddy
{quote} That's funny I was reviewing this chart just a couple hours ago. So I'll show a daily and a 1 hour. One suggestion, you don't have to.... but if you are basing the trade on the daily chart. When you zoom down to 1Hour take all the MAsoff the chart because it distracts from the idea that you are not actually trading that time frame. Just a suggestion. Unless you have another entry system going on there... Gold Daily - {image} Gold 1 Hour - I used a 40 pip range since signal based on Daily Chart - Also This chart has 3 Entries Entry #1 {image}...

thank you reply understand well...
Quote
Gold 1 Hour - I used a 40 pip range since signal based on Daily Chart - Also This chart has 3 Entries
Entry #1


any pair use 40pip range before your entry take daily chart?
  • #53
  • Nov 26, 2017 6:30pm Nov 26, 2017 6:30pm
eurjpy entry is right fiddy?
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  • #54
  • Nov 26, 2017 7:02pm Nov 26, 2017 7:02pm
Quoting longtrader
{quote} thank you reply understand well... {quote} any pair use 40pip range before your entry take daily chart?
Hey Longtrader. Everything I'm showing here is a strategy. As far as entering a market there are many ways to do this. My strategy is just a suggestion. So nothing I show as far as this many pips on this time frame is the right or wrong amount. Once you know how to identify the strategy, look at each individual market you are trading and look at your historical charts. Each pair may need a little bit different setting for the # pip of buy or sell stop entry because different markets have different volatility. And then depending on Time Frame as well you will need to adjust this amount.

For example. If you look at AUD/USD vs GBP/JPY these would need totally different settings and pip entries. The important thing is just that you trade in the direction of the non lag dot after the pullback to at least 50%.

Pick a money management strategy that works for you. The targets show objectives but they don't always hit target either so how you take profits is also up to the trader.
  • #55
  • Nov 26, 2017 7:14pm Nov 26, 2017 7:14pm
Quoting longtrader
eurjpy entry is right fiddy? {image} {image}
Ok this is a good learning chart. Maybe I should be more clear about this in the rules.

See how you're daily chart has printed a closed blue dot? That negates the Short Setup. As you can see, on the down leg that started, It never pulled back to the 50% before changing color back to blue. It is no long valid to take a short entry there using the daily chart. Daily chart is now in a long setup but it has to pull back which will likely take several days.
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Proper Fib Draw
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  • #56
  • Nov 26, 2017 7:24pm Nov 26, 2017 7:24pm
Quoting Fiddy
{quote} Ok this is a good learning chart. Maybe I should be more clear about this in the rules. See how you're daily chart has printed a closed blue dot? That negates the Short Setup. As you can see, on the down leg that started, It never pulled back to the 50% before changing color back to blue. It is no long valid to take a short entry there using the daily chart. Daily chart is now in a long setup but it has to pull back which will likely take several days. {image} Proper Fib Draw {image}

many thanks fiddy i will keep learning with you
  • #57
  • Nov 26, 2017 8:29pm Nov 26, 2017 8:29pm
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  • #58
  • Nov 26, 2017 9:18pm Nov 26, 2017 9:18pm
USD/JPY 4 HOUR SET UP
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  • #59
  • Nov 26, 2017 9:37pm Nov 26, 2017 9:37pm
Hi Fiddy,

Can this system be used for TF 5min?
  • #60
  • Nov 27, 2017 7:08am Nov 27, 2017 7:08am
Quoting htan3011
Hi Fiddy, Can this system be used for TF 5min?
15 Min is smallest TF recommended for day trading
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