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Consistent Profitable Trading using 4H Outside Bar w/ Pivots

  • #21
  • Mar 3, 2019 7:30am Mar 3, 2019 7:30am
Hello Everyone,

I am going to start posting my charts and trades tomorrow and stop checking other forums during weekdays so my trading decision won't be affected by others anymore and we see how this system really works basing on this system only...

I am going to be transparent with everything.. Last Friday's trading was really a mess.. I moved my SL on the open trades and failed to accept losing trade..

So, now I am holding losing trades during the weekends to either minimize my losses or at least go break even on my trades on EC, GC and EN..

GC has a good probability to go in a winning trade or Breakeven and EN but for EC, not that good... I can put a lot of reasons for the trade that it can still go right but first hand, I already broke my own rule which is to accept the initial risk I had set upon entering the trade.

So, I believe on what Michael Douglas stated on his Trading In the Zone book where he said "We're not here to be right or wrong, we are here to trade the probabilities and to learn to accept the losses/risk beforehand"


Very IMPORTANT LESSONS I had for the previous week:
1. Always follow your plan.
2. NEVER move your SL around.
3. Do not let your ego get in the way by not accepting a losing trade.
4. Accepting a losing trade is good but letting the losing trade go big is UNACCEPTABLE.



Now, I am not here to show you if I will be right or wrong on my trades anymore,
But I am here to show you we can get consistency on series of trades using this system...
And that I am always open to learn from the market and always adjust for the betterment to a STEADY RISING EQUITY ONLY...
We're not here to be right, we're here to Profit Consistently!
  • #22
  • Mar 3, 2019 9:04am Mar 3, 2019 9:04am
Only RED News for tomorrow is AUD...

So, we monitor AUD pairs lightly on Asian session but just sit on the sidelines.. And if certain pattern or behaviour shows up in our favour for any AUD pairs during the beginning of London session, then that's the time we take action...
We're not here to be right, we're here to Profit Consistently!
  • #23
  • Mar 4, 2019 10:20pm Mar 4, 2019 10:20pm
Let's See how this Gold position works out..

Since we get a 4H bullish engulfing...
Attached Image (click to enlarge)
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We're not here to be right, we're here to Profit Consistently!
  • #24
  • Mar 4, 2019 11:15pm Mar 4, 2019 11:15pm
Quoting ranilo.vince
Let's See how this Gold position works out.. Since we get a 4H bullish engulfing... {image}
Removing this indicator I tried adding from
High Level Accuracy Method – “3-bar pattern Indicator/Alert” coz IT DOES NOT WORK or Correlate on our strategy...

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSDH4 (2).png Size: 184 KB
We're not here to be right, we're here to Profit Consistently!
  • #25
  • Mar 5, 2019 12:07am Mar 5, 2019 12:07am
Another 4H Bullish Engulfing..

Going Long on AN and see if our edge works out....
Attached Image (click to enlarge)
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We're not here to be right, we're here to Profit Consistently!
  • #26
  • Mar 5, 2019 12:21am Mar 5, 2019 12:21am
I am also in An and Gold today..
  • #27
  • Mar 5, 2019 1:19am Mar 5, 2019 1:19am
For those who are wondering...

I still have these losing positions since last week...

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4 before.png Size: 69 KB

Attached Image (click to enlarge)
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Waiting for news on CAD before deciding.. Either I close with small loss or small gains only... Or even break even will do...

https://prnt.sc/mtdz3t
Attached Image (click to enlarge)
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https://prnt.sc/mtdzjm
Attached Image (click to enlarge)
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We're not here to be right, we're here to Profit Consistently!
  • #28
  • Mar 5, 2019 1:23am Mar 5, 2019 1:23am
Quoting Deennas
I am also in An and Gold today..
Good luck to us!!
We're not here to be right, we're here to Profit Consistently!
  • #29
  • Mar 5, 2019 1:52am Mar 5, 2019 1:52am
Possible reason for AUD strength...

https://prnt.sc/mteg9c

Attached Image (click to enlarge)
Click to Enlarge Name: aud strength.png Size: 61 KB
We're not here to be right, we're here to Profit Consistently!
  • #30
  • Mar 5, 2019 3:18am Mar 5, 2019 3:18am
You are about to learn a brutal trading reality. Your entry or entry rules mean nothing to the banks or market makers. I am guessing you're a noob who can't wait to blow an account because without market structure taking into consideration what ever profit you make would be taken back.
Good luck though, you'll need it.
Read in between the price!!!
  • #31
  • Mar 5, 2019 3:38am Mar 5, 2019 3:38am
Quoting calebfx
You are about to learn a brutal trading reality. Your entry or entry rules mean nothing to the banks or market makers. I am guessing you're a noob who can't wait to blow an account because without market structure taking into consideration what ever profit you make would be taken back. Good luck though, you'll need it.
Hmm... Interesting...

Is this the Market Structure you're talking about?

Attached Image (click to enlarge)
Click to Enlarge Name: markey structure.jpg Size: 94 KB


If you can share your results here then maybe we can listen to you on your accusations that the entry or entry rules does not mean anything...
We're not here to be right, we're here to Profit Consistently!
  • #32
  • Mar 5, 2019 3:44am Mar 5, 2019 3:44am
Quoting ranilo.vince
Let's See how this Gold position works out.. Since we get a 4H bullish engulfing... {image}
This is a reversal entry right? But ADR is not exhausted yet
  • #33
  • Mar 5, 2019 3:49am Mar 5, 2019 3:49am
Quoting haamidfx
{quote} This is a reversal entry right? But ADR is not exhausted yet

Yes. There is an engulfing candle for buy entry.. And yes there's no ADR exhaustion yet but structure is making higher lows already as well...
We're not here to be right, we're here to Profit Consistently!
  • #34
  • Mar 5, 2019 6:13am Mar 5, 2019 6:13am
Quoting haamidfx
{quote} This is a reversal entry right? But ADR is not exhausted yet
And also in Gold we do not need a high ADR to determine a possible trade for reversal because if you're familiar with Davit's rules. He recommended to trade pairs with low ADR only. So that those low ADR suddenly prints a high ADR (which is not normal for that pair) and the price is in the 61,78,100 zones, that can add more factors to go on a reversal or countertrend trade.
We're not here to be right, we're here to Profit Consistently!
  • #35
  • Edited 4:31pm Mar 5, 2019 2:57pm | Edited 4:31pm
Quoting ranilo.vince
{quote} Hmm... Interesting... Is this the Market Structure you're talking about? {image} If you can share your results here then maybe we can listen to you on your accusations that the entry or entry rules does not mean anything...
As a trader you'd want to focus on what really matters, you can start with Elliot Waves to help you anticipate trends and reversals. However your charts have put you at strong disadvantage because consider this;
(i) The market is there to get banks and institution orders filled.
(ii) The indicators you're using are trying to understand and interpret market behaviour therefore following price. The indicator only reacts to an event that has already happened so it's in the past already.
(iii) Then there is you following these indicators. You are therefore already 2 steps backwards from actual price movements, taking signals from the past.

My advise is to cut out the middleman(indicators) and follow price directly. Look for areas of range(accumulation) mark them. Observe price behaviour when it returns to that range. Look for areas of trends (distribution) observe how price creates continuations and how the trends reverse.
When you do this continuously you will naturally find high probability entries. You will see price for what it is with a clear chart.
The only indicators you need is the round number indicator(market makers run stops there) and daily open line, why daily open line? The price the market opens on a new day against the previous day in and of itself is an area of interest because orders must have pushed price higher or lower.
Sorry for the essay lol and NO I am not going to share my results, to what end? Is there a trophy or just to compare dick sizes. Cheers
Read in between the price!!!
  • #36
  • Mar 7, 2019 1:33am Mar 7, 2019 1:33am
Ok ok nobody is gonna compare dick sizes alright .... before shit gets waaaay off topic.

What do you look for with round numbers ? If they’d break or resist ?

Quoting calebfx
{quote} As a trader you'd want to focus on what really matters, you can start with Elliot Waves to help you anticipate trends and reversals. However your charts have put you at strong disadvantage because consider this; (i) The market is there to get banks and institution orders filled. (ii) The indicators you're using are trying to understand and interpret market behaviour therefore following price. The indicator only reacts to an event that has already happened so it's in the past already. (iii) Then there is you following these indicators. You...
Take this course: https://shorturl.at/upBey
  • #37
  • Mar 7, 2019 1:50am Mar 7, 2019 1:50am
Quoting tiestobob
Ok ok nobody is gonna compare dick sizes alright .... before shit gets waaaay off topic. What do you look for with round numbers ? If they’d break or resist ? {quote}
Hi Tiesto so with round numbers we are looking for a fake out or retest and only take trades after a small trend. This means price has to move suddenly to get the interest of everyone then you allow the 95% do what they usually do and then you enter your trade after stops have been run.

N.B: Patience is key, it's better to miss a "good signal" than to get your stop loss hit. Trade only when the market is ready to give you pips.
Read in between the price!!!
  • #38
  • Mar 7, 2019 2:13pm Mar 7, 2019 2:13pm
Hi Ranilo,
Thanks for sharing your developed system
As of now, please, how long you have been using this system and is it profitable enough?

Thanks in advance
R
  • #39
  • Mar 21, 2019 9:37pm Mar 21, 2019 9:37pm
Quoting ranilo.vince
This is an evolution of my previous thread --- Hybrid System of 3 Successful Traders... We use: 1. Davit's Weekly Fibo Pivot (added 2 Fibo Indicator-Davits Pivot V3.2 is for lower Time Frame just to see the current week's pivot zones and Nostromo Pivots is for 4H Time Frame for you to see the previous, current and future pivots) - You can download my template on the 2nd post and use it first then modify on your own if you prefer. 2. ADR. 3. TMS Angleator with TDI 4....
Thanks modified system
  • #40
  • Mar 21, 2019 10:32pm Mar 21, 2019 10:32pm
Quoting ranilo.vince
Let's See how this Gold position works out.. Since we get a 4H bullish engulfing... {image}
How trade?
where is your trading result?
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