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  • #401
  • Apr 9, 2019 8:16pm Apr 9, 2019 8:16pm
The problem with 5 and 1 minute tf is that its hard to find the good entry..
  • #402
  • Apr 9, 2019 9:27pm Apr 9, 2019 9:27pm
Quoting benjamin89
The problem with 5 and 1 minute tf is that its hard to find the good entry..
agreed with you. that's why must work very hard to gain more experience.

M15:
1. divergence - not enough?
2. under 50 sma - not enough?
3. break trend line - not enough?
4. cci 14 not align with cci 100

=====> switch to M5:
cci align.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #403
  • Apr 9, 2019 11:54pm Apr 9, 2019 11:54pm
some serious stuff for you to think about.
go to any thread here in FF. have you ever wonder why some are able to apply the particular method well, whereas some are not able to?
those who do not have any success will leave the thread and go on hunting for another system. this will become a cycle.
to tell you the truth, if you apply only the particular method in a thread wholesale, you will become rather disappointed with some hits and misses inconsistencies.
what is the missing link?
the missing link is in your knowledge of the basic foundation which only can be built up with experience.
it's always a combination of your basic foundation along with the methods in the thread. not just solely on what the thread teaches.
so building up a solid foundation knowledge base always come first.
ITB - Seeing Orderliness amongst 'Randomness'
  • #404
  • Apr 10, 2019 12:21am Apr 10, 2019 12:21am
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m15: price closed above trend line. cci not in syn.
m5: 1st entry cci not in syn. 2nd entry cci in syn.
m1: 1st entry cci in syn. 2nd entry cci in syn.
ITB - Seeing Orderliness amongst 'Randomness'
  • #405
  • Apr 10, 2019 5:20am Apr 10, 2019 5:20am
Quoting Inthebox
{quote} actually what you are using is OSMA. each time frame has it's own waves. yes waves count over when cross over zero. however, you can also use htf m60 as filter. it showed osma above zero. other ways are looking at osma divergence and trend line cross. {image}
Thanks for the reply, Inthebox.
Yes, I now see that by using the htf as a filter I could have seen that the entry I took was a weak one.
Well, I can use that information going forward to select stronger entries.
  • #406
  • Apr 10, 2019 6:40am Apr 10, 2019 6:40am
Quoting pipShine
{quote} Thanks for the reply, Inthebox. Yes, I now see that by using the htf as a filter I could have seen that the entry I took was a weak one. Well, I can use that information going forward to select stronger entries.
since we have build up a rapport, one more thing to help you.
go download this https://www.forexfactory.com/showthr...5#post12148555
ITB - Seeing Orderliness amongst 'Randomness'
  • #407
  • Apr 10, 2019 8:15am Apr 10, 2019 8:15am
Quoting Inthebox
{quote} since we have build up a rapport, one more thing to help you. go download this https://www.forexfactory.com/showthr...5#post12148555
Thanks for sharing the dashboard, Inthebox. I set it up and used it for this morning's NY am session. What can I say? It's my first winning trade in a long time! I think I'm going to enjoy trading again - I really appreciate your input, Inthebox.

Cheers,
pipShine
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  • #408
  • Apr 10, 2019 8:44am Apr 10, 2019 8:44am
Quoting pipShine
{quote} Thanks for sharing the dashboard, Inthebox. I set it up and used it for this morning's NY am session. What can I say? It's my first winning trade in a long time! I think I'm going to enjoy trading again - I really appreciate your input, Inthebox. Cheers, pipShine {image}
glad that you like it and will make your trend trading easier.
you can change it OSMA or even put it in window 1.
ITB - Seeing Orderliness amongst 'Randomness'
  • #409
  • Apr 10, 2019 10:23am Apr 10, 2019 10:23am
medium term eur mostly weak
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #410
  • Apr 10, 2019 11:34am Apr 10, 2019 11:34am
entered at the worst moment when h1 closed below yesterday's low.
held on because of h4 h1 downtrend. retracement was till fibo 61.8.
entries around daily pivot would have been nice to average costs. but did not want to over trade.
intended to take profit around last week's low but it's now bed time for me.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #411
  • Apr 10, 2019 12:19pm Apr 10, 2019 12:19pm
Quoting Inthebox
some serious stuff for you to think about. go to any thread here in FF. have you ever wonder why some are able to apply the particular method well, whereas some are not able to? those who do not have any success will leave the thread and go on hunting for another system. this will become a cycle. to tell you the truth, if you apply only the particular method in a thread wholesale, you will become rather disappointed with some hits and misses inconsistencies. what is the missing link? the missing link is in your knowledge of the basic foundation...
ye, thats why i never change my strategy, just improve it.
i just never succeed to trade the 1 and 5 tf, just 15 and above

my trades of today
also got another one on the EURNZD that running
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  • #412
  • Apr 10, 2019 3:39pm Apr 10, 2019 3:39pm
Quoting benjamin89
{quote} ye, thats why i never change my strategy, just improve it. i just never succeed to trade the 1 and 5 tf, just 15 and above my trades of today also got another one on the EURNZD that running {image} {image} {image}
Nicely done! Three for three...
  • #413
  • Apr 11, 2019 5:23am Apr 11, 2019 5:23am
Hi,

I found a really nice set-up and breakout on the AudUsd H1. Price started off very strong but then faded - it just didn't have the legs to go the distance. Anyway, I was able to move my stoploss to breakeven (plus one pip) so no damage was done.

I really like trading this system - it is simple yet effective.

Cheers,
pipShine
Attached Image(s) (click to enlarge)
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  • #414
  • Apr 11, 2019 5:49am Apr 11, 2019 5:49am
Quoting pipShine
Hi, I found a really nice set-up and breakout on the AudUsd H1. Price started off very strong but then faded - it just didn't have the legs to go the distance. Anyway, I was able to move my stoploss to breakeven (plus one pip) so no damage was done. I really like trading this system - it is simple yet effective. Cheers, pipShine {image} {image}
considering the time of day which was london close, maybe could have gone down to 5 min for smaller profit?
broke out, a small retrace, cci aligned, maybe rr 1:1.5.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #415
  • Apr 11, 2019 6:31am Apr 11, 2019 6:31am
Quoting pipShine
Hi, I found a really nice set-up and breakout on the AudUsd H1. Price started off very strong but then faded - it just didn't have the legs to go the distance. Anyway, I was able to move my stoploss to breakeven (plus one pip) so no damage was done. I really like trading this system - it is simple yet effective. Cheers, pipShine {image} {image}
hey pipShine, yesterday you had a good entry at 15M chart on AUDUSD
and if you look at the 4H chart you have a resistance..
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  • #416
  • Apr 11, 2019 6:40am Apr 11, 2019 6:40am
Do not know, then do not love. The first step before trying to trade foreign exchange is to learn what forex is.
  • #417
  • Apr 11, 2019 7:15am Apr 11, 2019 7:15am
Quoting Inthebox
{quote} considering the time of day which was london close, maybe could have gone down to 5 min for smaller profit? broke out, a small retrace, cci aligned, maybe rr 1:1.5. {image}
Yes, the time of day did concern me but I liked the set-up. Your suggestion about dropping down a time frame makes the most of the situation but I think I'm going to stick with trading my pairs when they're in session - just simpler and safer.
  • #418
  • Apr 11, 2019 7:33am Apr 11, 2019 7:33am
Quoting benjamin89
{quote} hey pipShine, yesterday you had a good entry at 15M chart on AUDUSD and if you look at the 4H chart you have a resistance.. {image} {image}
That's a good catch, benjamin89, I didn't see that one. I find resistance levels frustrating - so I just consider yesterday's high/low, round numbers and very obvious levels one or two time frames up. Otherwise I feel overwhelmed and wouldn't ever take a trade.
  • #419
  • Apr 11, 2019 7:59am Apr 11, 2019 7:59am
Quoting pipShine
{quote} That's a good catch, benjamin89, I didn't see that one. I find resistance levels frustrating - so I just consider yesterday's high/low, round numbers and very obvious levels one or two time frames up. Otherwise I feel overwhelmed and wouldn't ever take a trade.
you are right, it is complicated but you need every information that could make it a profitable trade, thats why if i see a good BO i firstly analyze the D1 chart and then 4h chart, i look for the trend, i analzye the DXY chart and etc etc..
  • #420
  • Apr 11, 2019 9:53am Apr 11, 2019 9:53am
GBPAUD
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