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My Day Trading System (MDTS) in trend following

  • #41
  • May 21, 2019 6:14am May 21, 2019 6:14am
Quoting miladhekmat
entered a little late in 15 min chart, if I entered at the right time in 5min chart I would gain 18 pips before my entry, but I hope price break the zone and give me some pips {image}{image} hope price break the zone and give me some pips
Hi,

Your entries were good.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #42
  • May 21, 2019 6:18am May 21, 2019 6:18am
Quoting NatashaM
Hi, Sriloba! Today SL was reached because when I entered a trade H4 was orange /1440 settings/ but now is blue and it is the risk of MTF indicator if the trend is going to change in the exact moment. It is on M5 tpl. On M15 may be is better, but there wasn't any trade on GBPUSD in Friday. What do you think about the problem with MTF in defining the trend? Is there any other solution?
Hi,

Use M15 to enter a trade. Because M5, there is whipsaws. Price goes up and down all the time.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #43
  • May 21, 2019 6:21am May 21, 2019 6:21am
Quoting NatashaM
{quote} I saw the H4 gragh repainted several times during 8-12 a.m. and it is natural because it is 1440 settings /D1/. So, entering a trade we couldn't know where the main trend is going to go and we can make a mistake enter in such a trade when the trend is just changing. That is the basic problem - where is the direction of the main trend in the exact moment? You see that H4 on EURJPY pepainted again and it is orange now - that's why you manually closed the trade!
Hi,



Therefore use Daily chart to determine the trend or set QQE(TF=240) on H4.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #44
  • May 21, 2019 6:26am May 21, 2019 6:26am
Quoting miladhekmat
sl = 16 pips vs tp = 15 pips, close manually with 12 pips as i entered late my win ratio was below 1:1, I usually trade position that have 1:2 ratio but because we r testing the system my first goal is profitability of the system, 2 trades 2 win tnx sriloba {image}
Hi,


If I were you I would not enter a trade. I will wait a new set up. 1) Price test the 5 ema (h1) of the low, 2) Force index (H1) is above zero, 3) macd is above zero.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #45
  • May 21, 2019 6:28am May 21, 2019 6:28am
Hi,

I will be back. I have to bring my daughter to school.

See you soon




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #46
  • May 21, 2019 11:23am May 21, 2019 11:23am
Hi, traders! Today my results as I've promised to inform you: EURJPY - M15 Improved - BUY - 50 green pips /I used a trailing stop of 15 pips in the beginning and 10 pips later and it was touched/: USDCAD - M15 - SELL - 22 green pips. GBPUSD the first entry was so early in the morning and I missed it - 5.15 GT and then H4 was orange on D1 /1440 settings/ and our TP would be about 40 pips. But now H4 on D1 is blue and it REPAINTED from 8.00 till now. I didn't notice - what was the exact time when it repainted in blue - it is really significant, because from 15.00 till now the price moved UP more than 100 pips? So, all of us have to notice what is better: on H4 to remain on 1440 settings or to change H4 on 240 settings?! The direction of the main trend is the basic thing! I'm not sure jet what is better. For my entry I think M15 is better and clearer.
What do you think?
  • #47
  • May 21, 2019 12:22pm May 21, 2019 12:22pm
Quoting NatashaM
Hi, traders! Today my results as I've promised to inform you: EURJPY - M15 Improved - BUY - 50 green pips /I used a trailing stop of 15 pips in the beginning and 10 pips later and it was touched/: USDCAD - M15 - SELL - 22 green pips. GBPUSD the first entry was so early in the morning and I missed it - 5.15 GT and then H4 was orange on D1 /1440 settings/ and our TP would be about 40 pips. But now H4 on D1 is blue and it REPAINTED from 8.00 till now. I didn't notice - what was the exact time when it repainted in blue - it is really significant, because...
Hi,

Good trades!!

We can tracking the direction of the market by using QQE(TF=240) in H4.

No Problem. As long as we have a clear trend for intraday trading.

Use M15 for entry. If you miss the first time of entry then you can reenter a trade by M5.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #48
  • May 22, 2019 5:05am May 22, 2019 5:05am
again eurjpy setup, im going to love EJ

Attached Image (click to enlarge)
Click to Enlarge Name: state001.jpg Size: 173 KB
  • #49
  • May 22, 2019 6:37am May 22, 2019 6:37am
Hi Sriloba,

Do you incoporate SnR before taking a trade? Thanks
  • #50
  • May 22, 2019 6:58am May 22, 2019 6:58am
Quoting miladhekmat
again eurjpy setup, im going to love EJ {image}
HI,


Good trade!



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #51
  • May 22, 2019 6:58am May 22, 2019 6:58am
Quoting Yudax
Hi Sriloba, Do you incoporate SnR before taking a trade? Thanks
Hi,


Yes. I use daily pivot point



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #52
  • May 22, 2019 7:02am May 22, 2019 7:02am
Quoting sriloba
{quote} Hi, Yes. I use daily pivot point Sai Ram
Thank you. Because I didnt see any SnR / pivot poitns in your posted chart examples.
  • #53
  • May 22, 2019 7:04am May 22, 2019 7:04am
Quoting Yudax
{quote} Thank you. Because I didnt see any SnR / pivot poitns in your posted chart examples.
Hi,


I use daily pivot point in H1




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #54
  • May 22, 2019 7:21am May 22, 2019 7:21am
Quoting sriloba
{quote} Hi, I use daily pivot point in H1 Sai Ram
you have included indicators in it like demand n supply and pivots.Make it simple IMHO if you can.
  • #55
  • May 22, 2019 8:07am May 22, 2019 8:07am
Quoting T4Trade
{quote} you have included indicators in it like demand n supply and pivots.Make it simple IMHO if you can.
Hi,


I use daily pivot point and fibonacci drawn from yesterday.





Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS.png Size: 118 KB
Attached File(s)
File Type: ex4 Fxkumbaya_Pivot Points_extended.ex4   9 KB | 273 downloads
File Type: ex4 BobokusFibo.ex4   11 KB | 310 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #56
  • May 22, 2019 9:25am May 22, 2019 9:25am
Quoting sriloba
{quote} Hi, I use daily pivot point and fibonacci drawn from yesterday. Sai Ram {image} {file} {file}
oh no,one more indicator,the chart will be very busy with all these indicators.
  • #57
  • May 22, 2019 9:26am May 22, 2019 9:26am
Hi, traders! Today: USDCAD - M15 - 20 green pips /this pair is not a volative one/ - it is a normal moving for it. But as you can see - EURJPY is still ranging - on M15 it couldn't still reach 20 pips /only 17 pips till now/. We have to wait and see what will happen, because for such a crosspair it is a normal movement over 30-40 pips in one direction. In my opinion the crosspairs are more risky to trade than the the basic USD pairs. GBPUSD is the best to trade, but today the first trade on M15 started in 5.00 GT - so early again and I missed it. On M5 - ther wasn't a clear signal for entry.
  • #58
  • May 22, 2019 11:05am May 22, 2019 11:05am
Today USDJPY - 10.30 GT there was a LONG entry - 24 pips lose till now. On H4 there was a clear long signal - on both 1440 and 240 settings - I don't understand - may be the UP trend is going to change, may be there are paiirs this system doesn't fit.....
  • #59
  • May 22, 2019 11:53am May 22, 2019 11:53am
Quoting NatashaM
Today USDJPY - 10.30 GT there was a LONG entry - 24 pips lose till now. On H4 there was a clear long signal - on both 1440 and 240 settings - I don't understand - may be the UP trend is going to change, may be there are paiirs this system doesn't fit.....
Hi,

I always check QQE(TF=240) in H1 to make sure the direction aligned with H4 if you use QQE(TF=1440 or 240) in H4.

I call H1 the turning point.

Sorry I forgot to mention in the DOC. Even I am a full time trader but I have a lot of things to do at home. It is crazy.

Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: turning point.png Size: 97 KB
Being a fxtrader is not easy. Ones must working hard.
  • #60
  • May 22, 2019 11:58am May 22, 2019 11:58am
Quoting sriloba
{quote} Hi, I always check QQE(TF=240) in H1 to make sure the direction aligned with H4 if you use QQE(TF=1440 or 240) in H4. I call H1 the turning point. Sai Ram {image}
Would you clear in details - H4 /settings/, then H1 /settings/ or directly on M15? Would you write down in details Sriloba, please? Thanks!
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