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  • #241
  • Oct 2, 2018 2:07pm Oct 2, 2018 2:07pm
I do have a little time on my hands today so here is another example. This happened on a friday and i don't trade fridays. This is just an example and would have gotten you at least a 1 to 1 here as on a 20.00 gmt signal which i wouldn't recommend....but we never know .You can see where the 20ema crossed the 50sma so this is where we start looking. See the big green candle before the red signal candle this where we star our 5 bar candle count.We can take an entry on the highest high of the last 5 candles or the candle after it if our risk is still in tact. Now you can start applying the rules . Like i said before there is no magic in Moving averages ...just use some common ones that work with these rules. Take care.
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  • #242
  • Oct 2, 2018 9:17pm Oct 2, 2018 9:17pm
Quoting tex123
G moring danc..Remember we want to trade with the trend on the 4 hr chart with this strat...then look at our daily chart. Place a 20 ema and 50 sma ma as a guide on our 4 hr chart. If You need help i'm here. Take care
THNKS Tex i will
  • #243
  • Oct 3, 2018 3:10am Oct 3, 2018 3:10am
Quoting tex123
Danc this is an example...You can see how price is over the 20ema and 50sma.This is something we are looking for on the 4hr chart.....then once we see a signal we go to the daily chart and see if the rsi 5 on the daily is up.Another words we are looking for a closed(signal) candle on the 4 hr chart.What ever platform you are using place a vertical line over the closed candle - then click on daily charts to see i if rsi is up.I'm using Oanda mt4 and seems to work ok.With oanda you have plenty of pairs to choose if you desire...and place your order...
Tex GOT it..THKS
  • #244
  • Oct 3, 2018 10:53am Oct 3, 2018 10:53am
This was a 8:00 gmt closed candle 2 hours after london open. Remember what i said earlier that once you get your 5 candle count we can take the next candle if the risk and room is still there and we have a lower 25% candle close and we did.We need to get filled on the next candle after the signal candle .We did with strong momentum. We cover at half way point of our risk with a closed candle. All rules applied daily rsi was down on time of 4 hour entry.
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  • #245
  • Oct 3, 2018 6:54pm Oct 3, 2018 6:54pm
Ok Danc we had a signal on one of the 4 major pairs at 16:00 gmt .We are trading on 4 hr charts . I'm getting my signals off oanda mt4. Do you know
which pair and can you find the signal ? If anyone knows or can find it post it or pm me Just having a little fun here and will post later.
  • #246
  • Oct 3, 2018 8:23pm Oct 3, 2018 8:23pm
Tex will down load Oanda mt 4 tday
  • #247
  • Oct 4, 2018 10:10am Oct 4, 2018 10:10am
I can look at this chart and tell you that pin bar is the highest high of the last 5 candles. Also right into my 4 hr sweet zone. Daily rsi down on the signal
close. Also we had a confluence on the small zone to the left. I can also tell you there is at least a 1 to 1 to nearest pivot low(very important ) .Very strong momentum and got filled after signal candle (25% lower close ). In the money right off the bat ! In the money and cover if multiple positions ! I'm done for the week not too bad either .
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  • #248
  • Oct 4, 2018 1:57pm Oct 4, 2018 1:57pm
Quoting tex123
This was a 8:00 gmt closed candle 2 hours after london open. Remember what i said earlier that once you get your 5 candle count we can take the next candle if the risk and room is still there and we have a lower 25% candle close and we did.We need to get filled on the next candle after the signal candle .We did with strong momentum. We cover at half way point of our risk with a closed candle. All rules applied daily rsi was down on time of 4 hour entry. {image}
You should be close to 1:2 RR now !
  • #249
  • Oct 5, 2018 9:23am Oct 5, 2018 9:23am
Quoting tex123
{quote} You should be close to 1:2 RR now !
1:3
  • #250
  • Oct 8, 2018 10:36am Oct 8, 2018 10:36am
Got filled after signal candle.Good pop to the upside at least a 1:1 minus the spread
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  • #251
  • Oct 8, 2018 1:25pm Oct 8, 2018 1:25pm
Very strong close and signal but the daily RSi was down so i passed. If you happened to trade this one i would cover for sure. Quiet a few of the gbp crosses had qualifying signals but the daily rsi's were all down our flat .
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  • #252
  • Oct 9, 2018 11:54am Oct 9, 2018 11:54am
top 25% close on signal . Not perfect on rules but descent.Good momentum for sure at the right time on signal.
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  • #253
  • Oct 10, 2018 10:24am Oct 10, 2018 10:24am
Cover now if trading conservatively ! We have at least a 1 to 1 to the closest pivot high . Should be in the money soon hopefully.
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  • #254
  • Oct 10, 2018 12:42pm Oct 10, 2018 12:42pm
Quoting tex123
Cover now if trading conservatively ! We have at least a 1 to 1 to the closest pivot high . Should be in the money soon hopefully. {image}
We are in the money now...now go and enjoy the day whatever you like to do Should be covered on all positions .
  • #255
  • Oct 10, 2018 12:47pm Oct 10, 2018 12:47pm
Quoting tex123
top 25% close on signal . Not perfect on rules but descent.Good momentum for sure at the right time on signal. {image}
Should be looking sweet now if traded either signal
  • #256
  • Oct 10, 2018 5:14pm Oct 10, 2018 5:14pm
Quoting tex123
{quote} We are in the money now...now go and enjoy the day whatever you like to do Should be covered on all positions .
Done for the week with a descent profit on all trades ...have a good week and weekend !
  • #257
  • Oct 11, 2018 3:02pm Oct 11, 2018 3:02pm
I had a little spare time today looking at charts and didn't see this one earlier and had enough trades anyway. This one made a 123 up and still closed below the 20 ema with a very nice close. Highest high of the last 5 candles also.No heat and nice run.
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  • #258
  • Oct 15, 2018 6:13pm Oct 15, 2018 6:13pm
odd pair --nice set up with all the rules in place.
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  • #259
  • Oct 15, 2018 6:28pm Oct 15, 2018 6:28pm
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  • #260
  • Oct 16, 2018 10:40am Oct 16, 2018 10:40am
Quoting tex123
{image}
Just follow your MM now...nice little run so for.
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