Disliked{quote} So you didn't trade your GBPUSD today?. I know ATR indicator read market volatility and some people use it for SL placement, however, how do you apply it to your strategy.Ignored
Winners add to winning trades!
Easiest trading strategy on the planet!
- #122
- Edited 5:35pm Feb 13, 2019 5:04pm | Edited 5:35pm
{quote} May i see your chart (Entry/SL/TP), it looks like it hit 125.000, also price was making LL's all the time, did it almost trigger your SL so you decide to close?
Most of these trades go to profit with next to no heat on them from what I have been able to observe so my stop is more for an emergency. I then re-entered and then left the house when I came back I was a little frustrated at the sideways price action and closed the trade since price could have very easily broken upwards out of the range away from the daily low.Now with hindsight looking at the rest of the chart if I had left it alone it would have been profitable, but I don't like that sideways stuff. These trades typically go to profit right quick. This is way I like a mover like GBPUSD. I should not have looked at this pair today I should have trusted the strategy and placed my trade just after the NY open on the GBPUSD and I would have added 30% to my account. The silver lining is that trade DID work out which gives me further confidence in the system
This is my eternal battle...place a trade and leave it to either take profit or stop out or attempt to actively manage it to limit losses (which also limits potential wins!) Gah!!! I don't ever know 
Emotion - it steals your money.
- #123
- Edited 5:26pm Feb 13, 2019 5:10pm | Edited 5:26pm
{quote} Would that trade have worked out if you had ignored your ATR rule? In either direction?
Emotion - it steals your money.
- #124
- Edited 5:33pm Feb 13, 2019 5:19pm | Edited 5:33pm
{quote} Hi, would you have taken the long trade after the first short trade shown? considering there was a higher low in the HMA... thanks in advance for your response regards {image}
I want to really catch the momentum of the NY open as it seems to me good moves happen so I only trade then. I think the same thing can be had with the most recent swings out of the Asian session when the London opens. After the first few hours of the NY open its anybody's guess how price will travel the rest of the day. Sometimes it ranges around and sometimes it goes on a tear, but I believe one or two trades around the NY (or London) open will either be winners, a small loss or a draw. I am still forward testing this out and on a live account so we will see if my observations hold up over time
Emotion - it steals your money.
Hey guys. I am noticing a difference between time frames with this strategy. Is anyone else? Mind you I am only looking at GBPUSD so I can't comment on other pairs. But when I look at time frames higher than 5 minutes the Hull swings don't seem to pan out as well as they do on the 5 minute chart in terms of the RR set out by vdubus on the first post. A swing will get breached but not make it to a full take profit before reversing. I dunno...I just see so many good trades right around the NY or London open on the 5 minute chart that grabs 15-30 pips easy. What is everyone else finding on their preferred time frame? What I'm doing on the 5 minute may not transfer over to higher time frames is what I'm getting at 
Emotion - it steals your money.
{quote} Here is the trade I should have taken but when I saw the ADR was reached I figured there my not be much gas left for a 25-30 pip move. Wrong. That often happens and I think I am going to stop looking at ADR as it really doesn't do much - case in point. The ADR is routinely surpassed. I was also a little skittish from that huge spike of 63 pips just before the NY Open. This trade went straight to profit with no heat at all - absolutely text book. I would have been done after that with 30% in the bag
Winners add to winning trades!
- #130
- Feb 14, 2019 4:43am Feb 14, 2019 4:43am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
{file}{file} {quote} I have used this setup before but without employing the macD signal line zero cross Looks promising
Second chart first box how do you know it is not the first move down to make a resistance line at and that price will go up some more to make a higher top ?
Thank You.
Best regards
Ouch! Just got burned - bad. I guess there is a reason they say don't trade around the news. 25% loss this morning that I now get to recover from A wait for the close of the candle above the Hull swing would have saved me from this trade. Let's not forget that these Hull swings are effectively support and resistance areas and this one sure acted as resistance 
Hopefully I can catch the next one to get myself back to break even for the day.
A wait for the close of the candle above the Hull swing would have saved me from this trade. Let's not forget that these Hull swings are effectively support and resistance areas and this one sure acted as resistance Hopefully I can catch the next one to get myself back to break even for the day.
Emotion - it steals your money.
Ouch! Just got burned - bad. I guess there is a reason they say don't trade around the news. 25% loss this morning that I now get to recover from
Ouch! Just got burned - bad. I guess there is a reason they say don't trade around the news. 25% loss this morning that I now get to recover from
Notice that on the second one, you have a nice bearish hidden divergence as a confirmation.
- #134
- Edited Feb 15, 2019 8:13am Feb 14, 2019 2:28pm | Edited Feb 15, 2019 8:13am
{quote} If you did it as you were explaining before, catching the first swing after NY open and using the opposite as a second entry in case the first one fail, it would already be a draw Notice that on the second one, you have a nice bearish hidden divergence as a confirmation. {image}
So...take away from today was again my errors. I should not have traded the news and I should have trusted the system and stayed with the initial lot size knowing that that majority of times that second trade will be a winner. At the very least, had I not attempted a revenge trade and just taken profit where I should have I would have cut the damage in half. Another observation would be to wait for the candle to close over the Hull swing level and that first trade would have never happened, but I still think that gets me into trades too late considering where I take profit. Oh, well. Lessons learned for the future. Again, having that second trade pan out just gives further confidence in the system.
I am also pondering the idea of closing the trade immediately if the Hull turns direction and placing a trade in the new Hull direction as this is potentially a new swing. This way I wouldn't watch the price go all the way down to the stop or last swing where I would already have a pending order placed - I'd already be in the trade
I'll need to look back at the charts and see how often that pans out well. The Hull swings at the NY open are often good for 25-50 pips so when a new direction is established chances are good price will keep going for a time. Of course there is always the chance for a whip saw with that idea.
Emotion - it steals your money.
I've been playing around with your ideas but for UK Open and using 5m charts and getting okay results. Yesterday I got 5 wins from 9 trades and 3 of those wins were 2R for a total of +4R for around 30 mins work. But I can certainly see the difference at 2300 when US Open occurs.
Winners add to winning trades!
I've been playing around with your ideas but for UK Open and using 5m charts and getting okay results. Yesterday I got 5 wins from 9 trades and 3 of those wins were 2R for a total of +4R for around 30 mins work. But I can certainly see the difference at 2300 when US Open occurs. {image}
Emotion - it steals your money.
{quote} I am also pondering the idea of closing the trade and immediately if the Hull turns direction and placing a trade in the new Hull direction as this is potentially a new swing.
Let us know if you make any progress
- #139
- Edited 8:14am Feb 15, 2019 7:27am | Edited 8:14am
Nice quick winning trade this morning. 20 minutes and I am done for the day. I chose to use a Hull swing a little further back instead of the most recent as it was a little on the week side. Price headed straight down to the 1.28000 level text book style and I took profit just in front of it since price often doesn't make it exactly to the level + spread before reversing. That's it for me for the day. Was a rough week and it was all my fault NOT the system. If I had just stuck to my rules this would have been a great week.
On a positive note, all the trades I messed up or didn't take this week DID work out so that breeds a lot of confidence to just trust the system and place the damned trades according to plan (like I did this morning!). Will all of them be winners? No, but I think by keeping the losses as small as possible not hanging onto bad trades hoping price will turn around and getting out of them ASAP there will be lots of winners. I have said before, at least on the 5 minute chart at the NY and London opens, these trades go to profit very quickly with almost no heat at all so if price is waffling around for a few bars it may just be best to close the trade.
At least I ended the week on the plus side with good lessons learned Have a good weekend, guys
On a positive note, all the trades I messed up or didn't take this week DID work out so that breeds a lot of confidence to just trust the system and place the damned trades according to plan (like I did this morning!). Will all of them be winners? No, but I think by keeping the losses as small as possible not hanging onto bad trades hoping price will turn around and getting out of them ASAP there will be lots of winners. I have said before, at least on the 5 minute chart at the NY and London opens, these trades go to profit very quickly with almost no heat at all so if price is waffling around for a few bars it may just be best to close the trade.
At least I ended the week on the plus side with good lessons learned
Have a good weekend, guys 
Emotion - it steals your money.