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One Hour Sniper (OHS)

  • #601
  • Dec 26, 2018 12:42pm Dec 26, 2018 12:42pm
Quoting renofaith
{quote} 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...
Reno, thank you for your clarification. Now I understand more about what you see before taking a trade. In that CJ trade, I missed seeing the trade requirement about "never pull a short without the candle closing below the EMA". You started showing the EMA in your charts since Post #488. May I suggest consider adding that to the rules in your Post #1?
Thank you very much for sharing your trading approach, and your experience. Excellent information here. Divergence is one of my favorite trading tools too.
I hope you had a Great Christmas also.
Happy trading.
Bill
  • #602
  • Dec 26, 2018 12:52pm Dec 26, 2018 12:52pm
I did take a HD trade this morning on the GBP/JPY. You can see my entry on this 30m chart. We/you may have another opportunity to short this pair. Be sure the RSI crosses down through the EMA before pulling the trigger. Your entry and stop will be different than mine if you decide to take the trade.

Thx Reno
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m30-oanda-division1.png Size: 91 KB
  • #603
  • Dec 26, 2018 1:08pm Dec 26, 2018 1:08pm
Quoting calaxcorp
{quote} Reno, thank you for your clarification. Now I understand more about what you see before taking a trade. In that CJ trade, I missed seeing the trade requirement about "never pull a short without the candle closing below the EMA". You started showing the EMA in your charts since Post #488. May I suggest consider adding that to the rules in your Post #1? Thank you very much for sharing your trading approach, and your experience. Excellent information here. Divergence is one of my favorite trading tools too. I hope you had a Great Christmas...
Thank you very much Bill. Edit complete. Thank you for the kind words Bill. I don't know why everyone doesn't use divergence, it's the ONLY leading indicator in any market. Fortunately, you and I both know it and we both enlist it.... often.

Thx Reno
  • #604
  • Dec 26, 2018 1:21pm Dec 26, 2018 1:21pm
Greetings traders, I have just edited page 1 (34 ema) and added a price chart with T/L and entries. It is HD, not a reversal. Go buy a wheel barrel, you're gonna need something to haul all your pips!

Reno
  • #605
  • Dec 26, 2018 7:25pm Dec 26, 2018 7:25pm
USDJPY 4H this trade could last several days.
Attached Image (click to enlarge)
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  • #606
  • Dec 26, 2018 10:11pm Dec 26, 2018 10:11pm
This is a trade I took this morning. I'm posting this for the benefit of myself and others. I lost 1R on this trade. Did I have to? No. I had a few options. I did attempt to take some of the risk out of the market, I tried to take profit off the table near the 139.55 level. Price did not reach this level. I could have set a TP at 1:1. I would have had my 1R. I could have taken half off at 1:1. I think if I want a trade to run, it would be wise to let half of my lots run and trail the stop. I will likely start taking half off at 1:1, moving my SL to BE and then letting the rest run it's course.

Reno
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h1-oanda-division1.png Size: 87 KB
  • #607
  • Dec 27, 2018 2:51am Dec 27, 2018 2:51am
Are you still doing this?:

Template 1...…….. Stochastics 21,4,3 (double check it, some traders get the 4 and the 3 backwards)
Template 2...…….. Stochastics 8, 3, 3 with a RSI/EMA (14) in the same window **note page 26-27
  • #608
  • Dec 27, 2018 6:30am Dec 27, 2018 6:30am
Hello Reno,

is there any difference in use of the Stochastics 8 and 21? Sometimes I see a divergence on one and not on the other. Is divergence valid for us only if it is on both Stochastics? Or do you use each Stochastic in some specific way? I am a bit confused with these two.

Thank you.

Filip
  • #609
  • Dec 27, 2018 7:59am Dec 27, 2018 7:59am
Looks good, hidden divergence is a very good way to stay with the trend. Not the best way because sometimes it appears, sometimes not but 100 times better than countertrending.
  • #610
  • Dec 27, 2018 9:07am Dec 27, 2018 9:07am
Quoting Petru00
Looks good, hidden divergence is a very good way to stay with the trend. Not the best way because sometimes it appears, sometimes not but 100 times better than countertrending.
I couldn't agree more. Thank you for the comment Petru00.

Reno
  • #611
  • Dec 27, 2018 9:12am Dec 27, 2018 9:12am
Good morning traders, notice what the 2 different indicators are showing on the lower TF. This 883 may be better at showing the HD. The 2143 simply matches the HD (sometimes), however the close of the latter stochastic closely matches the RSI cross. That's why I added it.

Reno
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusd-m15-oanda-division1-22.png Size: 87 KB
  • #612
  • Dec 27, 2018 9:13am Dec 27, 2018 9:13am
Sorry, this was supposed to be the 2nd chart. I think.
Attached Image (click to enlarge)
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  • #613
  • Dec 27, 2018 9:21am Dec 27, 2018 9:21am
Quoting Filip39
Hello Reno, is there any difference in use of the Stochastics 8 and 21? Sometimes I see a divergence on one and not on the other. Is divergence valid for us only if it is on both Stochastics? Or do you use each Stochastic in some specific way? I am a bit confused with these two. Thank you. Filip
Exactly, Filip you caught that. I often use the 8 3 3 to catch the HD, it's wise to use both. Again, an individual trader decision.

Reno
  • #614
  • Dec 27, 2018 9:24am Dec 27, 2018 9:24am
This chart is the reason I took the trade. Notice I set an alert (red arrow on the right). For those of you setting alerts of any kind, it that in your trade checklist? If my alert goes off, I set up a trade to take profits somewhere during the trade (hopefully).

Enjoy
Reno
Attached Image (click to enlarge)
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  • #615
  • Dec 27, 2018 9:29am Dec 27, 2018 9:29am
XAU/USD bull...? have any priview master..?
  • #616
  • Dec 27, 2018 9:31am Dec 27, 2018 9:31am
Quoting billbss
Are you still doing this?: Template 1...…….. Stochastics 21,4,3 (double check it, some traders get the 4 and the 3 backwards) Template 2...…….. Stochastics 8, 3, 3 with a RSI/EMA (14) in the same window **note page 26-27
Yes I do, it's only a mouse click away. We have to put every reason into the mix to pull a trigger.

Reno
  • #617
  • Dec 27, 2018 9:44am Dec 27, 2018 9:44am
This was spotted on the 1H Cable. My 15m trade would have been a losing trade. I took the trade off. My plan is to continue looking on the 15m and the 1H for setups. I should not have even set up the 15m trade. Reno was wrong.

Reno
Attached Image (click to enlarge)
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  • #618
  • Dec 27, 2018 9:58am Dec 27, 2018 9:58am
Hey Reno....nice postings of setups man really nice...oh yes and nice pic RUSH - Vapor Trails remixed version in 2013 :-)

Yesterday my ISP was down no internet for a few hrs....today is ok,gonna have some lunch now and get back to the forum......great work,keep it up
  • #619
  • Dec 27, 2018 10:05am Dec 27, 2018 10:05am
Friends, this may be a good time to top off the coffee. If the criteria is not being met, no trading.

Reno
  • #620
  • Dec 27, 2018 10:22am Dec 27, 2018 10:22am
Quoting scsstnt
Hey Reno....nice postings of setups man really nice...oh yes and nice pic RUSH - Vapor Trails remixed version in 2013 :-) Yesterday my ISP was down no internet for a few hrs....today is ok,gonna have some lunch now and get back to the forum......great work,keep it up
Good morning scsstnt, Thank you for the kind words again. My charts kinda did a hiccup this morning. It'll happen. Yes, I'm a big time RUSH fan for decades.
Don't know if we'll get any real setups on the hourly today or not. I will likely check every couple of hours.

Thx Reno (big Neil Peart fan)
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