DislikedHey guys. Great thread and strategy. Some really good traders in here! Can someone post the indicator that plots higher timeframe MAs in lower timeframe charts please. CheersIgnored
- #14,222
- Nov 14, 2018 12:32am Nov 14, 2018 12:32am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #14,223
- Nov 14, 2018 1:55am Nov 14, 2018 1:55am
{quote} Good eyes my friend, Nothing magical here, this was put by hand (Insert>Shapes>Triangle) a couple of hours before the trade. I do this to remind myself visually where are the most important areas that the price may bounce. https://www.forexfactory.com/showthr...2#post10387062
Really happy to see you still making pips.And what are those two bold lines?
- #14,224
- Nov 14, 2018 2:18am Nov 14, 2018 2:18am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
{quote} Ah makes sense
- #14,225
- Nov 14, 2018 7:25am Nov 14, 2018 7:25am
I have 3 trades today
The first trade based on the bounce from DP, H1 35sma, and H4 10ema. +10
The second trade is a 'late' scoop up. I closed it at +8 because i think late position is too risky
The third trade is a scoop up too. It gives me +13. Maybe I can stay longer. But, i have achieved my target today so i stop trading for today.
The first trade based on the bounce from DP, H1 35sma, and H4 10ema. +10
The second trade is a 'late' scoop up. I closed it at +8 because i think late position is too risky
The third trade is a scoop up too. It gives me +13. Maybe I can stay longer. But, i have achieved my target today so i stop trading for today.
- #14,227
- Nov 14, 2018 9:46am Nov 14, 2018 9:46am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
EU trade today +42 pips. {image}
- #14,230
- Nov 16, 2018 2:26am Nov 16, 2018 2:26am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
food for thought....
initial SL was at 1.2775, moved it up as the trade progressed. Could reach the H4 10??
initial SL was at 1.2775, moved it up as the trade progressed. Could reach the H4 10??
- #14,232
- Nov 16, 2018 2:40am Nov 16, 2018 2:40am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
{quote} Good morning kostas and dancers, I also just saw the possible H4 10 entry to short. Would it be a valid one in your opinion and if I got it right, you are currently in it long (?). If so, could you explain why you entered in a buy position. Many thanks and great trading to all today! Best, J
That's why I said "Food for thought"...
In terms of M15 and H1 I view this as a "scoop-up" (bounced from H1 10, M15 35/50), so in this respect it was a decent long with a possible target at H4 10, DP, RN area (around 1.2850).
In longer TF terms though, I am considering a short due to confluence of H4 10, H1 35/50, DP, RN.
When you trade the higher TF you need more patience (which I don't usually have...) to let the trade develop. For example, it may bounce up and down the H4 10 area a few times (usually you may see a double top with M15 bars).
- #14,233
- Nov 16, 2018 2:50am Nov 16, 2018 2:50am
{quote} Good morning to you too !!
{quote} Should have turned out nicely for you, my friend!I just finished an EA trade, based on M15 35/50 RN. Good for 20 pips. {image}
Opened two trades today in one setup.
My main reason to open the trades was price touching H1 10 EMA at the point where it was crossing the H1 35 SMA. It's kind of a scoop down, after price passed the 35 SMA and returned to 10 EMA, that setup usually works very well. That was my reason for this trade, never the less, when you look the M15 Time Frame, you can see that price was being constrained by the M15 10 EMA, that was also a good Choros setup to trigger this trade at that same place.
Opened two trades. One targeting 10 pips and the other targeting 31 pips near the next Round Number.
Both trades hit TP for a total of 41 pips.
H1
M15
My main reason to open the trades was price touching H1 10 EMA at the point where it was crossing the H1 35 SMA. It's kind of a scoop down, after price passed the 35 SMA and returned to 10 EMA, that setup usually works very well. That was my reason for this trade, never the less, when you look the M15 Time Frame, you can see that price was being constrained by the M15 10 EMA, that was also a good Choros setup to trigger this trade at that same place.
Opened two trades. One targeting 10 pips and the other targeting 31 pips near the next Round Number.
Both trades hit TP for a total of 41 pips.
H1
M15
