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EURJPY M15 system 80%+

  • #541
  • Apr 4, 2018 8:02am Apr 4, 2018 8:02am
It will be good, if we know which side ( top or bottom ) is going to break for a particular day. I am working on that.
Intraday only.
  • #542
  • Apr 4, 2018 8:03am Apr 4, 2018 8:03am
Quoting navk
It will be good, if we know which side ( top or bottom ) is going to break for a particular day. I am working on that.
Try only trading away from the Weekly Open.
  • #543
  • Edited 8:41am Apr 4, 2018 8:30am | Edited 8:41am
Quoting lemercenaire
{quote} Try only trading away from the Weekly Open.
PA might change on a specific day opposite of weekly open line. So, It is not a better idea to follow weekly open line as a rule for trend, though in general, yes.

I would put some filter to filter out 4 hr or hourly trend.

PS : See the daily close today. ( Most probably today's close going to be above today's daily open line. ) ( For me daily open and close are 5 pm EST )
Intraday only.
  • #544
  • Apr 4, 2018 10:13am Apr 4, 2018 10:13am
Quoting johnpratt261
{quote} Did you use Buy Stop at 130.047 . I don't see you have that order . Did you using EA to automatic or you keep watching your screen all the time and do it by your hand ? {image}
Yes, it was a Buy as per this technique and a losing trade - SL
  • #545
  • Apr 4, 2018 10:22am Apr 4, 2018 10:22am
Quoting eagle85
{quote} Hello johnpratt261, All trades are taken sitting at the screen intently observing price action. //////////
You mean, you did not take the Buy, only the short?
Keep it simple without too many crappy indicators!
  • #546
  • Apr 4, 2018 10:28am Apr 4, 2018 10:28am
Well, during London/Frankfurt session, I do not see "Buy "

I found the filter.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 80 KB
Intraday only.
  • #547
  • Apr 4, 2018 10:48am Apr 4, 2018 10:48am
Quoting luvene
{quote}You mean, you did not take the Buy, only the short?
Hello luvene,

Please examine my chart.
During the time period in question, no price bar closed above the daily box upper limit. Hence, per the rules, a Buy signal was never generated.

//////////
  • #548
  • Apr 4, 2018 11:10am Apr 4, 2018 11:10am
Quoting eagle85
{quote} Hello luvene, Please examine my chart. During the time period in question, no price bar closed above the daily box upper limit. Hence, per the rules, a Buy signal was never generated. //////////
Look at the johnpratt261 chart. Buy was generated where the red square is at the high.

In fact, after SL on a Buy trade, there was SL on the Sell trade if one did not go only for RR1:1 on the Sell side. So 2 trades, 2 losses. See 2 white arrows for entries.

https://www.forexfactory.com/attachm...1&d=1522841235
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 38 KB
  • #549
  • Edited 12:01pm Apr 4, 2018 11:50am | Edited 12:01pm
Quoting driven18
{quote} Look at the johnpratt261 chart. Buy was generated where the red square is at the high. In fact, after SL on a Buy trade, there was SL on the Sell trade if one did not go only for RR1:1 on the Sell side. So 2 trades, 2 losses. See 2 white arrows for entries. https://www.forexfactory.com/attachm...1&d=1522841235 {image}
Yes, there is always a chance to get into wrong trade if the break fails immediately above or below the box line.

If you keep stop loss, then you would not mind. I follow 20/50 ema in 15 min chart as stop loss.

If you take stop loss, then you take a trade in the opposite side of box break by which you can earn whatever you lost or even more. This is the beauty.

Any one who took a long trade in London session, will have taken a stop loss of roughly 15 pips including spread. In short side one can earn 21 pips +
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 85 KB
Intraday only.
  • #550
  • Apr 4, 2018 12:29pm Apr 4, 2018 12:29pm
Hi navk,

When you place your SL at the 20/50 EMA cross, is your SL at the exact intersection of the 2 EMA lines, or at the close of the candle that corresponds with the intersection?

Thanks for your contributions to the thread!

BK2
  • #551
  • Apr 4, 2018 12:45pm Apr 4, 2018 12:45pm
Quoting driven18
{quote} Look at the johnpratt261 chart. Buy was generated where the red square is at the high. In fact, after SL on a Buy trade, there was SL on the Sell trade if one did not go only for RR1:1 on the Sell side. So 2 trades, 2 losses. See 2 white arrows for entries. https://www.forexfactory.com/attachm...1&d=1522841235 {image}
According to how I interpret the rules and conduct my trades, a valid Buy/Sell signal is generated only when a price candle closes (not simply penetrates) above or below a daily box boundary. This clearly was not the case "where the red square is at the high" nor at any other relevant point on my chart.

//////////
  • #552
  • Apr 4, 2018 12:47pm Apr 4, 2018 12:47pm
Quoting eagle85
{quote} Hello luvene, Please examine my chart. During the time period in question, no price bar closed above the daily box upper limit. Hence, per the rules, a Buy signal was never generated. //////////
OK! I see that you'll wait till the Bar closed above or below the price box. These are your rules and nothing wrong with that. However, I don't wait, I go in immediately as soon the price crosses the box at upper or lower limit.
Keep it simple without too many crappy indicators!
  • #553
  • Apr 4, 2018 12:50pm Apr 4, 2018 12:50pm
Quoting navk
Well, during London/Frankfurt session, I do not see "Buy " I found the filter. {image}
Which is?
  • #554
  • Apr 4, 2018 1:01pm Apr 4, 2018 1:01pm
Quoting Bobcat2
Hi navk, When you place your SL at the 20/50 EMA cross, is your SL at the exact intersection of the 2 EMA lines, or at the close of the candle that corresponds with the intersection? Thanks for your contributions to the thread! BK2
15 min candle Close below 50 EMA. ( Not intersection )

Also I use daily open line as stop loss line if the open line is within the box.
Intraday only.
  • #555
  • Apr 4, 2018 1:09pm Apr 4, 2018 1:09pm
Quoting lemercenaire
{quote} Which is?
It is GANN set to 1 hour. Helps in filtering. I have to back test though.
Intraday only.
  • #556
  • Apr 4, 2018 1:40pm Apr 4, 2018 1:40pm
The chart failed at the upper breakout, but if you don't mind watching prices all night, it made a perfect bullish triangle at the bottom which, had you gotten in long, would have more than made up for any loss incurred earlier. Personally, I hate to sit and watch prices move around for very long tho.

On yesterday's trade I tried using a 20 pip trailing stop and it was hit before realizing the initial take profit 1. I made $26 which was better than losing ... so that's it for trailing stops for me for now.
  • #557
  • Apr 4, 2018 1:45pm Apr 4, 2018 1:45pm
Quoting driven18
{quote} Look at the johnpratt261 chart. Buy was generated where the red square is at the high. In fact, after SL on a Buy trade, there was SL on the Sell trade if one did not go only for RR1:1 on the Sell side. So 2 trades, 2 losses. See 2 white arrows for entries. https://www.forexfactory.com/attachm...1&d=1522841235 {image}
Wrong. Breakout and Candlestick close outside range must occur.
Grind until you no longer have to introduce yourself. 4:30am club
  • #558
  • Apr 4, 2018 5:24pm Apr 4, 2018 5:24pm
Quoting navk
{quote} It is GANN set to 1 hour. Helps in filtering. I have to back test though.
May you attach the indicator
Thank you
  • #559
  • Apr 4, 2018 7:27pm Apr 4, 2018 7:27pm
Quoting hundsbua
{quote} May you attach the indicator Thank you
It differs from Author's first post. So my own test.
Intraday only.
  • #560
  • Apr 5, 2018 2:09am Apr 5, 2018 2:09am
Quoting Fxmd
{quote} Wrong. Breakout and Candlestick close outside range must occur.
Yes, you're right. I've seen it in the print screen files I will change my rules at candle close instead of touching the line intrabar.
Keep it simple without too many crappy indicators!
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