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One Hour Sniper (OHS)

  • #581
  • Dec 26, 2018 9:18am Dec 26, 2018 9:18am
Quoting renofaith
Ok friends, the above chart does have a valid setup. It's your decision to take the trade. I prefer a bit of daylight on my RSI cross. I have had success with trading dbl top HD. Maybe I'm getting spoiled on the 'stair step' formations. I'm gonna sit this one out. Risk is roughly 26 pips or so. Any feedback certainly welcome. There will be more opportunities. Thx Reno


I totally agree im seeing more of a bounce not between RSI 14 and EMA14 ,cross confirmation is really a good man - so quiet as banks closed now,but still the market is making some decent moves but nothing like UK/US overlap that we so like seeing :-)
  • #582
  • Dec 26, 2018 9:22am Dec 26, 2018 9:22am
Friends, this is not something I do often. I focus on higher TF. The following is a 5 min chart of the CADJPY. My account can afford the .5R that I've put on it. I did say this works on all TF.
Also note, I've taken 30% of the risk off the table with a buy limit order, if price hits my buy limit, I'll move stop to BE.
We shall see.

Thx Reno
Attached Image (click to enlarge)
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  • #583
  • Dec 26, 2018 9:29am Dec 26, 2018 9:29am
Quoting scsstnt
{quote} I totally agree im seeing more of a bounce not between RSI 14 and EMA14 ,cross confirmation is really a good man - so quiet as banks closed now,but still the market is making some decent moves but nothing like UK/US overlap that we so like seeing :-)
Absolutely on the quiet. Christmas break 3 years ago, took a bearish move on the GJ, it was 1st time trading a holiday for me. The pros had me nervous with all the fear tactics. My account grew 7% in ten days. I still listen to the pros, but I make my 'own' money decisions.

Thank you for the input.
Reno
  • #584
  • Dec 26, 2018 9:36am Dec 26, 2018 9:36am
I never want anyone thinking something negative concerning my numbers, the above post says 10 days, that's about 2 weeks of trading. As you could imagine, with the low volume and holidays, it was a gut wrenching 2 weeks. That was 3, maybe 4 years ago.

Reno
  • #585
  • Dec 26, 2018 9:44am Dec 26, 2018 9:44am
Very grateful my CJ 5m just broke through the most recent support level. SIGH of relief. Go bears Go.
  • #586
  • Dec 26, 2018 9:54am Dec 26, 2018 9:54am
Everybody go get a cup of coffee, you deserve it.
Good morning to everyone!
Coffeeeee. LOL
Reno
  • #587
  • Dec 26, 2018 10:01am Dec 26, 2018 10:01am
I'm very grateful my buy limit was hit. I still need to move my SL to BE. This was a trade on a 5min chart. Rare for me.

Thx Reno
Attached Image (click to enlarge)
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  • #588
  • Dec 26, 2018 10:15am Dec 26, 2018 10:15am
It would be wise for me to take some risk off the table with my GJ 1H trade, the trade I took this morning. 139.55 taking half off.
Attached Image (click to enlarge)
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  • #589
  • Dec 26, 2018 10:33am Dec 26, 2018 10:33am
CJ 5m Sometimes my runner runs, sometimes it does not. This morning it did not. I gained little on my buy limit. Total risk on the entire setup was .5R.
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  • #590
  • Dec 26, 2018 11:01am Dec 26, 2018 11:01am
Possible opportunity on the Cable. Not a divergence trade, however it could be a nice reversal. What I like about these trades... a trader had over 21 hours to get in on this trade. If you trade this now, it would have to retrace around 20 pips.
I look at the 4H ONLY to see just one of the stochastics lines breaching either 80 or 20, and closing there. It did.

Enjoy Reno
Attached Image(s) (click to enlarge)
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  • #591
  • Dec 26, 2018 11:06am Dec 26, 2018 11:06am
In addition, definitely worth noting; the above chart on the cable, the 833 on the D1 is showing a near perfect HD. Nice.
  • #592
  • Dec 26, 2018 11:20am Dec 26, 2018 11:20am
Quoting renofaith
Possible opportunity on the Cable. Not a divergence trade, however it could be a nice reversal. What I like about these trades... a trader had over 21 hours to get in on this trade. If you trade this now, it would have to retrace around 20 pips. I look at the 4H ONLY to see just one of the stochastics lines breaching either 80 or 20, and closing there. It did. Enjoy Reno {image} {image}
Hello, I am looking at GBPUSD. I have set up the stochs as you posted on page 1. The 1 hour chart is now showing stochs coming into oversold. You are looking at this as a reversal (ie a long gbpusd trade) Pleaselet me know if am following correctly. Thanks
  • #593
  • Dec 26, 2018 11:20am Dec 26, 2018 11:20am
Quiet bunch. Please tell me someone is generating pips here. I welcome replies and more importantly success.

Thx Reno
  • #594
  • Dec 26, 2018 11:31am Dec 26, 2018 11:31am
I haven't entered the GBPUSD trade yet. i am looking at it on the 1 hour chart. Stochs are below 20 and macd still below zero line. I am waiting to pull the trigger
  • #595
  • Dec 26, 2018 11:38am Dec 26, 2018 11:38am
Quoting dandzl
{quote} Hello, I am looking at GBPUSD. I have set up the stochs as you posted on page 1. The 1 hour chart is now showing stochs coming into oversold. You are looking at this as a reversal (ie a long gbpusd trade) Pleaselet me know if am following correctly. Thanks
Hello dandzl, you are correct. Current stochastics are indeed showing OS. I often am able to get in on a trade if price retraces back to where I wanted the original entry. Over 20 hours ago, I could've gotten in on this cable trade because price has been rangebound for a while.

Sometimes on reversal trades, price will retrace 50% or even more. I use stochastics for my original entry. It's always best to get in a reasonable period of time. You will often see the stochastics indicator go the opposite direction of price. I, for one, will not be going long on the cable.

For anyone that is new to the stochastics, go to the 1 min chart when NEW YORK gets back to work or during a normal London session, stare at the indicator and see how it behaves. I've done it. I sat for an hour on the 1 min chart and watched.

Do not trade until you are comfortable with the setup. Please do not hesitate to ask another question if you do not understand something.

Thx Reno
  • #596
  • Dec 26, 2018 11:46am Dec 26, 2018 11:46am
Quoting renofaith
I'm very grateful my buy limit was hit. I still need to move my SL to BE. This was a trade on a 5min chart. Rare for me. Thx Reno {image}
Nice trade. I read through the thread. I like your method. Simple and profitable. May I ask some clarification questions ? --

Referring to your Post # 587 ... In this successful CJ trade you entered short. I can see from Price Action it made a Lower Low then a Lower High, so PA says bearish. HD is a trend continuation signal. And you took the short and profit. Were there other hints that you observed to help you decide to go short in this trade?

You have not mentioned looking at Price Action in your rules. Do you look at PA?

I think you sometimes look at higher TF, sometimes not. When would you, and when wouldn't you?

Thanks.
Bill
  • #597
  • Dec 26, 2018 11:48am Dec 26, 2018 11:48am
Quoting dandzl
I haven't entered the GBPUSD trade yet. i am looking at it on the 1 hour chart. Stochs are below 20 and macd still below zero line. I am waiting to pull the trigger
This is why I'm not going long. This is a line chart of the Cable D1. I plotted a standard setting CCI 20. It and the stochastics is showing a bearish move.
Attached Image (click to enlarge)
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  • #598
  • Dec 26, 2018 11:49am Dec 26, 2018 11:49am
Hello Reno I am playing few days with OHS strategy (on my demo account yet) and I must say it is the best strategy I've ever seen. Simple, logical and functional - I am in green numbers in 2 days. Thank you very much for excellent work I am grateful I can learn from you.

Filip
  • #599
  • Dec 26, 2018 12:10pm Dec 26, 2018 12:10pm
Quoting calaxcorp
{quote} Nice trade. I read through the thread. I like your method. Simple and profitable. May I ask some clarification questions ? -- Referring to your Post # 587 ... In this successful CJ trade you entered short. I can see from Price Action it made a Lower Low then a Lower High, so PA says bearish. HD is a trend continuation signal. And you took the short and profit. Were there other hints that you observed to help you decide to go short in this trade? You have not mentioned looking at Price Action in your rules. Do you look at PA? I think you...
Hello Bill, I do like to keep things simple. I do sometimes cheat (rules). On the 5m circus event I shared, PA is almost always below the ema, this morning it was not. I knew it wasn't gonna be a big deal. But, this is why; the trend line had already been broken. Now, back to the EMA, I will never pull a short without the candle closing below the EMA.
During this reversal/bearish move, the first thing I find are fractal(s), they show me highs and lows and of course that's where my stops will be placed if I trade the pair. During a bearish move, we are looking for only highs only. During a bullish move, we look for lows. This paragraph is for Hidden Divergence only. I plot red trend lines on everything I'm considering. I enjoy sharing.
Other hints? Yes. The yen pairs are strong. I do not follow news. I see the news on my 4H charts, it shows me 6 times a day what people want.
If I look at a higher TF, that means I want additional clarification before I put my $ on the line. Sometimes, I see a perfect storm (trade) and I set it up without hesitating. I've spent thousands of hours on you toob (sp) and hours reading and hours studying charts. I simply love to trade. I put my socks on the same way you do. Hopefully one foot at a time. LOL
Thank you for the reply Bill. I hope you had a Great Christmas.

Regards
Reno
  • #600
  • Dec 26, 2018 12:15pm Dec 26, 2018 12:15pm
Quoting Filip39
Hello Reno I am playing few days with OHS strategy (on my demo account yet) and I must say it is the best strategy I've ever seen. Simple, logical and functional - I am in green numbers in 2 days. Thank you very much for excellent work I am grateful I can learn from you. Filip
Hello Filip, That's incredible news. I am thrilled with your success. 2 Days of generating pips. That's fantastic. Please continue to share. I appreciate you sharing that.

Great stuff,
Reno
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