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Hit and Run Strategy

  • #61
  • Nov 27, 2017 7:44am Nov 27, 2017 7:44am
learning with you fiddy...
entry is latestrategy targert hit..
my live account trade many thank u
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  • #62
  • Nov 27, 2017 8:44am Nov 27, 2017 8:44am
4 Hour with 30 Min entry

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  • #63
  • Nov 27, 2017 8:45am Nov 27, 2017 8:45am
Quoting longtrader
learning with you fiddy... entry is latestrategy targert hit.. my live account trade many thank u {image}
Nice!!! I wouldn't make a habit of chasing the market though.
  • #64
  • Nov 27, 2017 8:46am Nov 27, 2017 8:46am
Quoting longtrader
learning with you fiddy... entry is latestrategy targert hit.. my live account trade many thank u {image}
I suggest you to follow the rules...your entry didn't match anything

Quoting Fiddy
{quote} Nice!!! I wouldn't make a habit of chasing the market though.
how is this nice?
SMKNYC---LIAR
  • #65
  • Edited 10:30am Nov 27, 2017 10:06am | Edited 10:30am
@Fiddy,just to clarify on the chart that longtrader posted,should he had 'bailed out ' of the trade when the nonlag changed to red? as it turned out the trade worked out...
  • #66
  • Nov 27, 2017 11:31am Nov 27, 2017 11:31am
Quoting nozzer
@Fiddy,just to clarify on the chart that longtrader posted,should he had 'bailed out ' of the trade when the nonlag changed to red? as it turned out the trade worked out...
You have 3 options

1. Get out at NLD color change
2. Leave the Stop & Target
3. Tighten up the stop

I don't really want to make any recommendations for money management that is up to each individual trader.
  • #67
  • Nov 27, 2017 1:30pm Nov 27, 2017 1:30pm
Quoting Fiddy
4 Hour with 30 Min entry {image}
hey Fiddy,
what indicator do you use to show your past order on the chart?
(the little arrows that show where you opened and where you closed the trade)
and thank you for the system!
  • #68
  • Nov 27, 2017 1:40pm Nov 27, 2017 1:40pm
Quoting savanhws
{quote} hey Fiddy, what indicator do you use to show your past order on the chart? (the little arrows that show where you opened and where you closed the trade) and thank you for the system!
you can drag your historical closed trades onto the chart and mt4 will show the entries and exit
  • #69
  • Nov 27, 2017 4:17pm Nov 27, 2017 4:17pm
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  • #70
  • Nov 27, 2017 6:00pm Nov 27, 2017 6:00pm
USDJPY 30 MIN
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  • #71
  • Nov 27, 2017 7:00pm Nov 27, 2017 7:00pm
Hi Fiddy,

What is your recommended time frame for Multiple Time Frame Analysis?

I read from the posts here : D1 ---> H1, H4 --->M30, M30 ---->M5

Is above MTFA correct?
  • #72
  • Nov 27, 2017 8:48pm Nov 27, 2017 8:48pm
Quoting dylanwee
Hi Fiddy, What is your recommended time frame for Multiple Time Frame Analysis? I read from the posts here : D1 ---> H1, H4 --->M30, M30 ---->M5 Is above MTFA correct?
Yep, Exactly.

You could add 1 Hour---> 15 Min
or
Even 30 Min--->15 is good or 5

It's not so much conducting multiple time frame analysis. You always want to trade off whatever Time Frame the setup initiated from. For example, I see a setup based on the 1 Hour. Once I see that a pullback is occurring and its approaching 50%, I will drop down to a 15 Minute chart to zoom in, on the highs and lows of the range. It's purely perspective so that you can properly measure your buy and sell stop entries.

Once you go down to the 15 Min, in this scenario, I like to remove the NLD indicator because I just want to focus on where my entry is and where I set my stops and targets. The indicator is now useless on the 15 Min because the trade is based on the 1 Hour. Technically yes you can accomplish this on the 1 Hour is well but it's just much easier for me personally to analyze.

That being said, I am a big believer in multiple time frame analysis. If the NLD is bullish on a daily chart, odds are that you would have more success with only bullish setups. Just sayin'.

There is one other reason for dropping a time frame and that is another entry strategy will I will introduce.
  • #73
  • Nov 28, 2017 8:15am Nov 28, 2017 8:15am
Entry Type #2
Follow the same process for entry type 1. The difference is instead of a fixed number of pips we will use a candlestick high or low on the "Zoom In" timeframe.

GBP/USD H4
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GBP/USD M30 - In a bearish setup, we will look for the closest UP CANDLE following the touch of AT LEAST 50%. Reverse for bullish. If the following candles fail to break out of the low of an up candle, the order will be modified for any UP Candle formed after the initial setup candle.
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I will post more examples later. There are pros and cons of this. Sometimes you will get a better entry, sometimes a worse entry. The benefit of this is its more visual than having to run various calculations on different pairs and ranges. So it will always be relative to whatever pair you are trading.
  • #74
  • Nov 28, 2017 8:48am Nov 28, 2017 8:48am
Quoting Fiddy
Entry Type #2 Follow the same process for entry type 1. The difference is instead of a fixed number of pips we will use a candlestick high or low on the "Zoom In" timeframe. GBP/USD H4 {image} GBP/USD M30 - In a bearish setup, we will look for the closest UP CANDLE following the touch of AT LEAST 50%. Reverse for bullish. If the following candles fail to break out of the low of an up candle, the order will be modified for any UP Candle formed after the initial setup candle. {image} I will post more examples later. There are pros and cons of this....
Fiddy this's wrong can you explain eurjpy?
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  • #75
  • Nov 28, 2017 10:01am Nov 28, 2017 10:01am
According to Setup 2, Sell entry should be on cross below the green horizontal line ( x pips below open candle) , right?

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  • #76
  • Nov 28, 2017 12:13pm Nov 28, 2017 12:13pm
Quoting longtrader
{quote} Fiddy this's wrong can you explain eurjpy? {image}
This isn't the best chart because its just going back and forth in a range on the daily chart but because there was a new red dot closed print, it has to be drawn like this now.
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  • #77
  • Nov 28, 2017 12:18pm Nov 28, 2017 12:18pm
Quoting manuoz
According to Setup 2, Sell entry should be on cross below the green horizontal line ( x pips below open candle) , right? {image}
right, but that setup happened two days ago and you would want to use a 1 Hour chart to zoom in.

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  • #78
  • Nov 29, 2017 9:03am Nov 29, 2017 9:03am
Profit Taking Idea/Concept
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  • #79
  • Nov 29, 2017 9:11am Nov 29, 2017 9:11am
Welcome! Please tell me where to set stop loss
  • #80
  • Nov 29, 2017 1:25pm Nov 29, 2017 1:25pm
Quoting Rom69
Welcome! Please tell me where to set stop loss
Above or Below the 100% Fib / Swing High or Low
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