Let me know if you need further clarification.
If i am in front of the chart, once the price reaches tp1, i close half my position and then move stop loss to break even. otherwise i just set it and forget it. so far so good.
Attached Images
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Hybrid System of 3 Successful Traders - Engulfing w/ Pivot & SMA
thank you so much ranilo.vince , Yflamenc,
Now I am very clear about this system setup. wonderful
this is my traders shot
Now I am very clear about this system setup. wonderful
this is my traders shot
Hi all,
I have gone thru this thread and read the rules. From what I understand:
1. Buy Engulfing bar above 30SMA; sell engulfing bar below 30SMA.
2. Trade continuation moves from Weekly pivot to 38/61 zones; reversal moves near 61/78/100 zones.
3. TMS anglegator should be both positive numbers for long; both negative numbers for shorting.
4. Use Fibo for SL and TGT.
Am I right? Can someone please upload one chart that displays all these factors lining up together? Because at one place I have seen short taken above 30SMA. What am I missing?
Thanks
I have gone thru this thread and read the rules. From what I understand:
1. Buy Engulfing bar above 30SMA; sell engulfing bar below 30SMA.
2. Trade continuation moves from Weekly pivot to 38/61 zones; reversal moves near 61/78/100 zones.
3. TMS anglegator should be both positive numbers for long; both negative numbers for shorting.
4. Use Fibo for SL and TGT.
Am I right? Can someone please upload one chart that displays all these factors lining up together? Because at one place I have seen short taken above 30SMA. What am I missing?
Thanks
- #67
- Edited 5:30am Jan 12, 2019 1:26am | Edited 5:30am
- Joined Mar 2018 | Status: Just Chillin' | 714 Posts
Ranilo, wondered where you went! I have enjoyed your posts on 4 hr mobile and Davit's. Now I know where to find you and will follow the thread, awesome. Congratulations on the baby!
Hey Lawnman! Glad to see you here.. Great to know that you find this profitable..
Yes, I really loved Davit's Pivot trading and Hzs10's 4H mobile but I don't want to upset other users on those thread if I post a trade which does not fit exactly on their rules.
Thanks... Having a baby is such a big blessing and I wouldn't let the moments I have with our baby that is why I am not focused much for now on trading..
We're not here to be right, we're here to Profit Consistently!
Subscribed.... congrats Ranilo, will follow your ideas.
Seen you also in Davit's pivot thread. Glad you found this thread useful and relevant..
We're not here to be right, we're here to Profit Consistently!
thank you so much ranilo.vince , Yflamenc, Now I am very clear about this system setup. wonderful this is my traders shot
That's a good trade you got there Neo...
We're not here to be right, we're here to Profit Consistently!
Hi all, I have gone thru this thread and read the rules. From what I understand: 1. Buy Engulfing bar above 30SMA; sell engulfing bar below 30SMA. 2. Trade continuation moves from Weekly pivot to 38/61 zones; reversal moves near 61/78/100 zones. 3. TMS anglegator should be both positive numbers for long; both negative numbers for shorting. 4. Use Fibo for SL and TGT. Am I right? Can someone please upload one chart that displays all these factors lining up together? Because at one place I have seen short taken above 30SMA. What am I missing? Thanks
1. Yes you may.. But when market permits and there's good price action setup, you can also sell above 30SMA and buy below 30SMA for counter trend.
2. Yes. But don't blindly expect a reversal right away on 61/78/100 zones...
3. ABSOLUTELY
4. Yes you can add FIBO for SL and Target.. But also consider pivot zones as well to adjust a bit.
We're not here to be right, we're here to Profit Consistently!
- #76
- Edited 9:00am Jan 12, 2019 8:12am | Edited 9:00am
- Joined Mar 2018 | Status: Just Chillin' | 714 Posts
Time to sell AUDNZD too having many confluences factor such as bearish pin bar on Weekly
https://www.tradingview.com/x/vwvIT7zG/
While we are focused of course on Daily's Bearish engulfing bar.
https://www.tradingview.com/x/Q1F3rjMV/
Take Note: Pivot Zones are closer target than the 150% fib (TP1) and 200% fib (TP2), it's safer to have S61 and S100 as TPs.
But it will give us poor Risk to Reward ratio but still our goal here is to win. So, it's up to you which you follow.
https://www.tradingview.com/x/vwvIT7zG/
While we are focused of course on Daily's Bearish engulfing bar.
https://www.tradingview.com/x/Q1F3rjMV/
Take Note: Pivot Zones are closer target than the 150% fib (TP1) and 200% fib (TP2), it's safer to have S61 and S100 as TPs.
But it will give us poor Risk to Reward ratio but still our goal here is to win. So, it's up to you which you follow.
We're not here to be right, we're here to Profit Consistently!
{quote} Wow! That's a good trade you got there Neo...
,In friday my 3 trades hit tp, 2 gbpnzd and 1 eurnzd,
Thank you all 3 systems are perfect for trading, Davit "s Pivot &Hzs10"s H4 and Yours , just need wait .........Ride and Run...............
thanks
Kind Regards,
{quote} Hi , as I see the angelator does not show both positive numbers for GBPCAD. Isn't that important?
Thanks for bringing that up... Actually I missed stating that part. We only follow the rule about anglegator if we are TRADING THE 4H CHART...
But since we are analyzing in this case, on Daily, no need to consider the anglegator..
We're not here to be right, we're here to Profit Consistently!