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SR Trading

  • #21
  • Jan 29, 2018 8:45am Jan 29, 2018 8:45am
please i like to know if this indicator does reprint......
  • #22
  • Jan 29, 2018 9:48am Jan 29, 2018 9:48am
Quoting dkarev
please i like to know if this indicator does reprint......
When running live i have never seen them repaint. however, they might if you switch time frames or refresh pc. to my knowledge dotted support lines do not as they based on already formed candles SR
  • #23
  • Jan 29, 2018 11:17am Jan 29, 2018 11:17am
the most valuable thread in FF
  • #24
  • Jan 29, 2018 7:43pm Jan 29, 2018 7:43pm
I wasn't around today but thought i'd give examples of what I consider the 3 major pairs EU, GU, GJ and today's day trading entries using 1hr/5min

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hope it helps
  • #25
  • Jan 29, 2018 11:20pm Jan 29, 2018 11:20pm
am just still wondering how do we determine our target,i mean profit target how do we determine it,do we use the size of our major SR as our target
  • #26
  • Jan 30, 2018 8:49am Jan 30, 2018 8:49am
hopefully i will get some time to day trade today. here's example of the 3 main pairs last 4hr/15min
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  • #27
  • Jan 30, 2018 11:48am Jan 30, 2018 11:48am
i did 2 trades today, both i moved stops to BE very quick as i'm busy and news was out, both stopped for BE. here they were.
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  • #28
  • Jan 30, 2018 12:42pm Jan 30, 2018 12:42pm
I got a pm asking if this is my main trading strategy, it is and it isn't. I find FX trading has so many variables (news, tech analysis, events, speeches etc) and takes up so much time, so i find FX is best traded on a bigger TF, like weekly and day, with trendline and SR (this is where this i incorporate this part for my entries). I don't like being tide to the charts each day. Saying that when i do have time to be at the charts, like today, this is the strategy i used for day trading mainly 1hr/5min


I do however use this to trade the indexes on a regular basis. just focusing on one chart, mainly US30. using the 1hr/5min TF's. I have had great success using this. I find there is less 'conflict' trading US30. I find that once it likes a direction it tend to stick with it.

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..go through a few days of the US30 and you will see

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  • #29
  • Jan 30, 2018 12:52pm Jan 30, 2018 12:52pm
looks like i missed and arrow up on pinbar in last pic, 24 jan.....well here's how it played out.
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  • #30
  • Jan 30, 2018 7:54pm Jan 30, 2018 7:54pm
Quoting kraven
I wasn't around today but thought i'd give examples of what I consider the 3 major pairs EU, GU, GJ and today's day trading entries using 1hr/5min {image} {image} {image} {image} {image} {image} hope it helps
do u use the indcators as major support and resistance? what about SL and TP?
  • #31
  • Jan 30, 2018 8:37pm Jan 30, 2018 8:37pm
am I enter correctly
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  • #32
  • Jan 30, 2018 9:20pm Jan 30, 2018 9:20pm
hzs10 please look at all the example i have give. i don't know how else i can explain how to enter but i will try. Go to your 1hr chart and make the R (red dots) above current price and Support (blue dots) below current price (remember new SR appear often so check every hour to see if new SR have developed). now if you see a break out of the SR go to 5 min and look for a break out of the 5 min SR and arrow for entry.

SL and TP is an individual en-devour. every trade should be treated differently, every TF and every FX pair, even the time of day of entry. I like to START with the SL on the other end of the MAJOR SR. then as the trade develops I move it under the entry candle, then to BE etc. As for TP i look for previous SR or round numbers.
  • #33
  • Jan 30, 2018 9:30pm Jan 30, 2018 9:30pm
Quoting hzs10
am I enter correctly {image}

hope this helps...the UChf pair you posted. 1hr/5min

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  • #34
  • Jan 30, 2018 9:30pm Jan 30, 2018 9:30pm
Quoting kraven
hzs10 please look at all the example i have give. i don't know how else i can explain how to enter but i will try. Go to your 1hr chart and make the R (red dots) above current price and Support (blue dots) below current price (remember new SR appear often so check every hour to see if new SR have developed). now if you see a break out of the SR go to 5 min and look for a break out of the 5 min SR and arrow for entry. SL and TP is an individual en-devour. every trade should be treated differently, every TF and every FX pair, even the time of day...
Thanks for the explanation. I am using M15 so I should use H4 right
  • #35
  • Jan 30, 2018 9:33pm Jan 30, 2018 9:33pm
Quoting kraven
{quote} hope this helps...the UChf pair you posted. 1hr/5min {image} {image}
thank you for the visual explanation! I understand now!
  • #36
  • Jan 30, 2018 9:43pm Jan 30, 2018 9:43pm
thing is if you use the 4hr TF a lot of brokers 4hr candles close at different times so can be deceiving. for day trades/ scalping stick with 1hr and 5 min for now.

.....looks like the +10 pips in the last pick would have been hit
  • #37
  • Jan 30, 2018 9:52pm Jan 30, 2018 9:52pm
Quoting kraven
thing is if you use the 4hr TF a lot of brokers 4hr candles close at different times so can be deceiving. for day trades/ scalping stick with 1hr and 5 min for now. .....looks like the +10 pips in the last pick would have been hit
ok, noted. thank you
  • #38
  • Jan 30, 2018 10:10pm Jan 30, 2018 10:10pm
Quoting kraven
{quote} hope this helps...the UChf pair you posted. 1hr/5min {image} {image}
I dont quite get why sell at the circle point when it is in between the S&R
Attached Image
  • #39
  • Jan 30, 2018 10:57pm Jan 30, 2018 10:57pm
Quoting hzs10
{quote} I dont quite get why sell at the circle point when it is in between the S&R {image}
and i don't get why you have your red lines there.
  • #40
  • Jan 30, 2018 11:03pm Jan 30, 2018 11:03pm
Quoting kraven
{quote} and i don't get why you have your red lines there.
is it different from yours?
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