Any way to follow on I have a potential short on NZDCAD
Easiest trading strategy on the planet!
So I have been studying the GBP/USD 5 minute charts with this strategy and I have not been able to find any indicator that gives any sort of edge to this method. By the time price is breaching the HMA swing any indicator is already showing favourable information. This is simply because the indicator is showing what is happening with the price - not leading the price. Price happens and then the indicator responds.
Even on this one, on the very 1st post he shows 3 levels of usage (Entry with no filter, Advanced and Masters), it looks like you are on the first one, which doesn't include any of his other strategies to filter your entries.
You may find macD zero cross, divergences, trend break and even 1-2-3 wave pattern before HMA breakout. Will them guarantee a big move or success?, of course no, but i believe they do offer that extra confirmation/edge over the market, and i don't think vdubus use those on every trade just for fun
Don't get me wrong, you can still be profitable (as you are
), just by using the HMA (first level of the strategy). Let me illustrate my point by giving you and example using your favourite pair and TF. GBP/USD 5 min charts:
Legend:
dotted vertical line = macD zero cross that confluence with macD trend break (Advanced level)
macD white lines = "divergence predict the next trend reversal" (oscillator trend reversal strategy)
yellow lines = divergence wave theory strategy
{quote} Indicators can show favourable information before the HMA breakout happens. Isn't that the main point of vdubus oscillator trend reversal & divergence wave theory strategies which rely on indicators? Even on this one, on the very 1st post he shows 3 levels of usage (Entry with no filter, Advanced and Masters), it looks like you are on the first one, which doesn't include any of his other strategies to filter your entries. You may find macD zero cross, divergences, trend break and even 1-2-3 wave pattern before HMA breakout. Will them guarantee...
Emotion - it steals your money.
- #165
- Feb 16, 2019 11:31pm Feb 16, 2019 11:31pm
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
why did you not draw the box from where i marked your picture with my arrow that comes before your box drawing ?
Thank You.
Best regards
Thank You.
Best regards
{quote} I have no doubt that those things you mention are workable, it's just that I don't fully understand them and I don't trade or invest in things I don't understand. Vdubus's first filterless "easiest strategy on the planet" strategy makes sense to me and I have corroborated it with visual back testing (specifically on the GBPUSD 5 minute chart) and I am live testing my interpretations and observations of his strategy. It is very cool to be able to collaborate and share ideas and observations so we may tailor these strategies to our personalities...
When I first started trading I made 200% profit in two days by simple bouncing off trend lines taking 5 pips. The more I learnt the worse I got & destroyed account after account.
Only now years after I can look back and know less is more. Simply play the odds as if it was a game of roulette betting on black or red. Above the ma = buy / below = sell. ... it's that simple
If you marked in major support & resistant levels this may help you to know when to stay out or play between the levels. In period of consolidation and jumping down a few time frame you could rack up entries just bouncing off the two levels.
or wait for the break and follow the trend
- #169
- Edited 9:04pm Feb 17, 2019 5:57pm | Edited 9:04pm
- | Joined Feb 2019 | Status: Trader | 82 Posts
{quote} I have no doubt that those things you mention are workable, it's just that I don't fully understand them and I don't trade or invest in things I don't understand. Vdubus's first filterless "easiest strategy on the planet" strategy makes sense to me and I have corroborated it with visual back testing (specifically on the GBPUSD 5 minute chart) and I am live testing my interpretations and observations of his strategy. It is very cool to be able to collaborate and share ideas and observations so we may tailor these strategies to our personalities...
We all should work together, we are on the same boat and these are deep waters... I appreciate your contribution too
- #176
- Feb 19, 2019 11:36am Feb 19, 2019 11:36am
{quote} A nice quick ride. 1% balance per pip on that one ?
foolish me tinkering again. Only up 3.8% for the day thanks to that - better than a kick in the pants I guess. I sure wish I could have rode price up this morning!! I could have made 90+ pips!! I really need to figure out how to make that happen. What I think I might do is instead of taking profit at the nearest 25 level, I will move my stop to lock in 5-10 pips when that level is reached and then I will let the trade ride maybe using a 20 SMA as a guide or just ride it to the next 50 level or maybe trail the stop behind each 25 level? I dunno. It just seems silly to me to only grab a few pips out of the huge moves that happen almost daily 
Plus, grabbing a few huge wins sure makes up for any losses.
Emotion - it steals your money.
Slow start to the day. Hopefully will catch a break of the ~1.30189 swing Price is bouncing around the 1.30250 level now. ADR is only at 64 today so far so lots of potential room left to move. I don't try to second guess anything...like yesterday's 130 pips after the NY open. Whoda thunk? Happens all the time.
Price is bouncing around the 1.30250 level now. ADR is only at 64 today so far so lots of potential room left to move. I don't try to second guess anything...like yesterday's 130 pips after the NY open. Whoda thunk? Happens all the time.
Emotion - it steals your money.
- #179
- Edited 12:07pm Feb 20, 2019 9:32am | Edited 12:07pm
Huge price spike just took me into a long position which I quickly closed out for a 9 pip profit. I don't like to be in trades when price is going crazy like this. 27 pips in 5 minutes?? Jeez. Could I have hung on and squeezed some more out of this trade...possibly, but I just don't like wild price moves as it could just as easily move violently against me for a loss. Done for the day with 4.9% added to account.
Edit: Of course, just my luck the trade went on to hit my original TP level and would have given me 30 pips. Sigh. I need to grow some balls and learn to hang onto trades longer
Edit: Of course, just my luck the trade went on to hit my original TP level and would have given me 30 pips. Sigh. I need to grow some balls and learn to hang onto trades longer
Emotion - it steals your money.
