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SDTR Strategy Part II

  • #221
  • Jan 22, 2019 10:11am Jan 22, 2019 10:11am
Quoting Anrod
{quote} i'll be waiting for a full confirmation. The H4 is also showing signs for overbought conditions.
I am long on this pair atm.
I would wait for price to CLOSE below 10 EMA on H4 before going short here.
  • #222
  • Jan 22, 2019 12:15pm Jan 22, 2019 12:15pm
It looks like I missed a good buy opportunity on EU. Is anyone on it?
Truth is like poetry. And most people f*cking hate poetry.
  • #223
  • Jan 22, 2019 12:17pm Jan 22, 2019 12:17pm
Quoting mrdfx
New valid sell signal on UJ. {image}
Closed this trade for +22 pips. I'm not liking the PA so I got out.
Truth is like poetry. And most people f*cking hate poetry.
  • #224
  • Jan 22, 2019 12:25pm Jan 22, 2019 12:25pm
Quoting mrdfx
It looks like I missed a good buy opportunity on EU. Is anyone on it?
I missed it but I managed to take all the crappy ones :-)
  • #225
  • Jan 22, 2019 1:01pm Jan 22, 2019 1:01pm
Quoting mrdfx
It looks like I missed a good buy opportunity on EU. Is anyone on it?
I missed it too. I am currently still watching USDCAD, it already got 3 times near the R100.

GBPAUD and GBPCAD are also quite interesting, both testing the R61.
  • #226
  • Jan 22, 2019 4:22pm Jan 22, 2019 4:22pm
Quick update

I took 2 trades yesterday:

1 - USDCAD. Looked really sweet, I've anticipated the cross and entered the trade without cross confirmation. Cross did not happened trade went against me and I've lost -4.95% of my account

2 - NZDUSD. Entered according to the rules. Was ranging and NZD rallied after the news. I was bit lucky on this trade and before I was not sure how it will unfold I exited it with the profit of 6.35% of my account.

So overall +1.4% for the day. Not bad, but the lesson was learned today and will definitely not enter the trade before the cross unless the PA move is huge.

Please note I play on very small live account and very aggressively (I risk 5% each trade)

Please don't do it at home :-)

Green pips people.

Ps. Note to myself - work on exit strategy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 55 KB
Click to Enlarge Name: USDCADH1.png Size: 61 KB
  • #227
  • Jan 22, 2019 9:23pm Jan 22, 2019 9:23pm
i think USDCAD valid for sell?
  • #228
  • Jan 23, 2019 12:34am Jan 23, 2019 12:34am
First try, a bit late sell USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: UC.png Size: 79 KB
  • #229
  • Jan 23, 2019 1:54am Jan 23, 2019 1:54am
Quoting inoycavalera
First try, a bit late sell USDCAD {image}
Me to, took it at the same time. lets hope!
Just trying to put a kiss on the cheek of success
  • #230
  • Jan 23, 2019 2:23am Jan 23, 2019 2:23am
I was bit to late for USDCAD but I entered GBPAUD. GBP is never stable around this time but I took a risk. I was hesitating a bit because of the news at 9:30 (MPC member speaks) but on the end decided to take it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 46 KB
  • #231
  • Jan 23, 2019 2:35am Jan 23, 2019 2:35am
Quoting Forbas
I was bit to late for USDCAD but I entered GBPAUD. GBP is never stable around this time but I took a risk. I was hesitating a bit because of the news at 9:30 (MPC member speaks) but on the end decided to take it. {image}

bro,

i think you should watch your turbo_jrsx indicator...


Regards,
  • #232
  • Jan 23, 2019 3:12am Jan 23, 2019 3:12am
Currently watching NZDCHF and AUDNZD, both near a 78 level

Unfortunatly i was asleep while USDCAD formed a setup.

EURCHF is also interesting, seems like it's forming a double top. It's around 12 pips away from R61. ZigZag is at first test of R61...

Let's hope that GBPAUD is also forming a double top, that could be a nice setup as well
  • #233
  • Jan 23, 2019 5:10am Jan 23, 2019 5:10am
And my SL was hit on GBPAUD

I think I will approach this currency with more caution next time.
  • #234
  • Jan 23, 2019 6:17am Jan 23, 2019 6:17am
It looks like I missed a good trade on UC last night! Good to see that some of you caught it.

With so much volatility around GBP I am staying away from all GBP pairs for now, its just not worth the risk. A trade might be valid technically but all it takes is some fundamental news to turn a trade upside down like we seen on GA.

So no trading CHF, NZD and GBP pairs for me.

Trade carefully guys!
Truth is like poetry. And most people f*cking hate poetry.
  • #235
  • Jan 23, 2019 6:56am Jan 23, 2019 6:56am
Hello guys and sorry to ask this newbie question but i can't seem to able to add any of the indicators or the Ea into my mt4. I tried opening the show package content and inserting into the expert and the indicator side but its doesn't work. I'm also on a mac. Any help would be appreciated.
  • #236
  • Jan 23, 2019 6:56am Jan 23, 2019 6:56am
Quoting mrdfx
It looks like I missed a good trade on UC last night! Good to see that some of you caught it. With so much volatility around GBP I am staying away from all GBP pairs for now, its just not worth the risk. A trade might be valid technically but all it takes is some fundamental news to turn a trade upside down like we seen on GA. So no trading CHF, NZD and GBP pairs for me. Trade carefully guys!
I think I understand your aproach more and more. I suffer from trade hunger I need to apply strategy less is more :-) i will no longer trade chf and nzd and stary gbp after march this year
  • #237
  • Jan 23, 2019 7:32am Jan 23, 2019 7:32am
Quoting luaciego
Hello guys and sorry to ask this newbie question but i can't seem to able to add any of the indicators or the Ea into my mt4. I tried opening the show package content and inserting into the expert and the indicator side but its doesn't work. I'm also on a mac. Any help would be appreciated.
I use Mac, running MT4 on Mac is slightly different and installation of indicators and EA's is also different but I'll show you.

Firstly I suggest you download the MT4 program from your broker then install the downloaded .dmg file into your Mac. To install EA's and indicators on Mac:

1. For EA's copy the indicator .ex4 files. Make sure your MT4 is closed.
2. Click on Applications and scroll down to "open in finder”
3. Go to your MT4 App, right click and click "show package contents"
4. Click on "drive_c" > program files > MT4 > MQL4 > Indicators.
5. Copy the indicator .ex4 files and paste in indicators folder.
6. For EA's do the same but copy and paste the EA .ex4 file into the Expert Advisor folder.
7. Now open MT4 and you will find the indicators under the Navigator tab under Indicators an the EA's in the Expert Advisor folder.
Truth is like poetry. And most people f*cking hate poetry.
  • #238
  • Jan 23, 2019 7:33am Jan 23, 2019 7:33am
Quoting luaciego
Hello guys and sorry to ask this newbie question but i can't seem to able to add any of the indicators or the Ea into my mt4. I tried opening the show package content and inserting into the expert and the indicator side but its doesn't work. I'm also on a mac. Any help would be appreciated.
I don't have the MAC myself but from brief look here: https://mtrading.com/trading-platfor...r-4/for-mac-os

it looks like it can be done with few easy steps.

Have a read.
  • #239
  • Jan 23, 2019 7:41am Jan 23, 2019 7:41am
Quoting Forbas
{quote} I think I understand your aproach more and more. I suffer from trade hunger I need to apply strategy less is more :-) i will no longer trade chf and nzd and stary gbp after march this year
Many traders focus on quantity rather than quality, you can make more money on fewer quality trades.

I understand that most traders always want to be in the market trading as many set ups as they can find, but most often this leads to more losses. By only looking for high quality set ups we reduce the quantity of trades which actually leads to better results overall.

I'm a full time trader and one of the biggest things I had to learn was having patience waiting for a valid quality set up, before that I used to scan all the charts continuously searching for something to trade and many times due to impatience and greed I lost more than I made. Now days its different, in the morning I scan for set ups and wait for confirmation, kind of like waiting for the market to come to me. If there's nothing valid I don't trade.

Not trading CHF & NZD pairs is a personal choice, I just don't like them from my own experience so for me its better to stay away, but for many other traders they have no problems trading those pairs.
Truth is like poetry. And most people f*cking hate poetry.
  • #240
  • Jan 23, 2019 8:04am Jan 23, 2019 8:04am
Just taken this trade, i beleive it to be following the rules but feel free to let me know if I am wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
Just trying to put a kiss on the cheek of success
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