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  • #21
  • Feb 4, 2019 12:27pm Feb 4, 2019 12:27pm
Quoting vdubus
Not quite sure where to post this as it relates to both strategies https://www.forexfactory.com/showthr...5#post11960885 I have an order for a potential short on AUDCHF 1hr {image}
I still favour going short at least until we see a break of the macD trend
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  • #22
  • Feb 4, 2019 2:15pm Feb 4, 2019 2:15pm
Potential Long setup on EG 15
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  • #23
  • Feb 4, 2019 3:25pm Feb 4, 2019 3:25pm
Quoting vdubus
{quote} I still favour going short at least until we see a break of the macD trend {image}
I've pull my entry as i got spiked in. Goes to show the benefits of waiting for a break & close of support & or resistance. I'll look to re entry if we get a second attempt but doesn't look hopeful
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Also you can now clearly see a double bottom with bullish divergence.
  • #24
  • Feb 4, 2019 6:47pm Feb 4, 2019 6:47pm
Quoting vdubus
{quote} I've pull my entry as i got spiked in. Goes to show the benefits of waiting for a break & close of support & or resistance. I'll look to re entry if we get a second attempt but doesn't look hopeful {image} Also you can now clearly see a double bottom with bullish divergence.
Bring stops to break even
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  • #25
  • Feb 4, 2019 8:51pm Feb 4, 2019 8:51pm
Nice thread ! Someone with some common sense and good old technical trading and MM...

Subscribed...

Cheers
Blue
Master your Mind,,,Master the Market
  • #26
  • Feb 5, 2019 12:28am Feb 5, 2019 12:28am
One I too late last night GBPNZD 15
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NZDUSD 5 min

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  • #27
  • Feb 5, 2019 12:45am Feb 5, 2019 12:45am
Quoting vdubus
{quote} Bring stops to break even {image}
Vdubus, please explain us why the first completed wave doesn't work on this chart ? before we wait for the next one on NZDJPY ...
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  • #28
  • Feb 5, 2019 2:09am Feb 5, 2019 2:09am
So when the MACD signal crosses the 0 and we now have a "bias" (in this case short) do we look for the most recent low as the entry location or do we wait for a new low to form and base our entries off that?

And what happens if price has already moved beyond that last low?
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Winners add to winning trades!
  • #29
  • Feb 5, 2019 5:28am Feb 5, 2019 5:28am
Quoting vivaldi2
{quote} Vdubus, please explain us why the first completed wave doesn't work on this chart ? before we wait for the next one on NZDJPY ... {image}
because the hidden bullish divergence below.
  • #30
  • Feb 5, 2019 5:31am Feb 5, 2019 5:31am
Quoting marshalmax
So when the MACD signal crosses the 0 and we now have a "bias" (in this case short) do we look for the most recent low as the entry location or do we wait for a new low to form and base our entries off that? And what happens if price has already moved beyond that last low? {image}
in that situation aI personally wouldn't have taken that short due the fact that price has broken to the upside so id be looking for potential long entries. Even tho it played out ok you cant ignore price action
  • #31
  • Feb 5, 2019 5:35am Feb 5, 2019 5:35am
Quoting vivaldi2
{quote} Vdubus, please explain us why the first completed wave doesn't work on this chart ? before we wait for the next one on NZDJPY ... {image}
Also the true reversal cant be projected by the histogram but the signal lines. As I stated above it doesn't matter how good the strategy you cant rule out price action. Idicators are designed to assist you with your analysis not rule them.
  • #32
  • Feb 5, 2019 5:53am Feb 5, 2019 5:53am
For all the strategies that I have created over the years there is one huge miss understanding. No indicator can ever predict the market. You have one of two options:
1. You can either put in the time and do the analysis
or
2. Play the odds

In either case it all comes down to option 2. Play the odds. If you employ option 1 as well then you drastically increase those odds in your favour.
If the strategy works, as this clearly does & your money management is sound then logic says you can't lose. But only if you stick with it and stick to the plan.
Keep hoping from one strategy and indicator to the next will have the opposite effect and decrease your odds of winning and destroy your account.

Trade like a pro gambler....Stick to the plan & play the odds.
  • #33
  • Feb 5, 2019 3:38pm Feb 5, 2019 3:38pm
Quoting vdubus
{quote} in that situation aI personally wouldn't have taken that short due the fact that price has broken to the upside so id be looking for potential long entries. Even tho it played out ok you cant ignore price action
Are you referring to the latest couple of bars or where I drew the vertical line at the MACD signal cross? I was referring to the vertical line.
Winners add to winning trades!
  • #34
  • Feb 5, 2019 3:42pm Feb 5, 2019 3:42pm
Is this vertical green line the correct place to go long?

The MACD signal line has cross above the 0 line and the HA candle has closed above the most recent high.
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Winners add to winning trades!
  • #35
  • Feb 5, 2019 3:51pm Feb 5, 2019 3:51pm
Quoting marshalmax
Is this vertical green line the correct place to go long? The MACD signal line has cross above the 0 line and the HA candle has closed above the most recent high. {image}
ye looks good but respect where price is.
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  • #36
  • Feb 5, 2019 3:56pm Feb 5, 2019 3:56pm
Quoting marshalmax
Is this vertical green line the correct place to go long? The MACD signal line has cross above the 0 line and the HA candle has closed above the most recent high. {image}
There is right or wrong
I'm looking to go short
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  • #37
  • Feb 6, 2019 12:03am Feb 6, 2019 12:03am
Picked up a nice little win for 1:1 RR today

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Winners add to winning trades!
  • #38
  • Feb 6, 2019 1:06am Feb 6, 2019 1:06am
2nd trade for the day picked up another +1R
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Winners add to winning trades!
  • #39
  • Feb 6, 2019 5:25am Feb 6, 2019 5:25am
Quoting marshalmax
2nd trade for the day picked up another +1R {image}
Well played
  • #40
  • Feb 6, 2019 5:27am Feb 6, 2019 5:27am
Quoting vdubus
{quote} There is right or wrong I'm looking to go short {image}
Perfect
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