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My Day Trading System (MDTS) in trend following

  • #121
  • Jun 3, 2019 9:36am Jun 3, 2019 9:36am
Quoting NatashaM
{quote} I think it is the real setup after the retracement on H1 has finised. In my opinion there is no mater the news are coming, because they are with a medium impack. The news are the moving force of the price and I think there is no problem /except non farm pay rolls, lets say and other with a high significance/. But most of the traders prefer to stay away from such a risk - in some cases it is beter to surf the wave of the movement, but on the other side it is beter to stay apart from trading. There is no a perfect formula.
Being a fxtrader is not easy. Ones must working hard.
  • #122
  • Jun 3, 2019 9:46am Jun 3, 2019 9:46am
I've just closed GBPUSD to breakeven, because as I've already said I've entered at the previous setup, but the price continued to retrace. So, in an hour London is going to close, the movement is not so intensive in that hour and I think it is beter not to risk to wait for a more profit. I'm still waiting for EURUSD with a trailing stop, but I am in profit now - these are the second and third entries and if the trend will return - I will be in about 22 pips profit. We'll see till when the trend will continue.
In several words - The system is working, but we have to be carefull till when the retracement is finishing on H1 and in the exact moment to enter on M15.
  • #123
  • Jun 3, 2019 11:56am Jun 3, 2019 11:56am
Hi guys,


The system is 90% providing us a hedge. So I'm going to give you the following tip.

The interval of time frames to do the analysis is very important.

I choose H4-H1-M15. Because the Hedges Funds pinpoint their entries on H4. So we, as dumb money, can ride with the Big Boys.

So it is very primordial that the 3-time frames go in the same direction.

After saying that you can make your own system with your favorite indicators. So your confidence will eliminate the doubt when come to take a trade.

Or you can take the MDTS and modify it according to your personality.

Hope you understand.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #124
  • Jun 3, 2019 3:03pm Jun 3, 2019 3:03pm
Quoting sriloba
Hi guys, The system is 90% providing us a hedge. So I'm going to give you the following tip. The interval of time frames to do the analysis is very important. I choose H4-H1-M15. Because the Hedges Funds pinpoint their entries on H4. So we, as dumb money, can ride with the Big Boys. So it is very primordial that the 3-time frames go in the same direction. After saying that you can make your own system with your favorite indicators. So your confidence will eliminate the doubt when come to take a trade. Or you can take the MDTS and modify it according...
Yes, I understand, Sriloba! Thank you very much for sharing the system, the opinion and for your wise advices. I really have learned so much here, analyzing togather, you gave me a solid basis in my learning about price action.
My total profit was 105 green pips today. But I'm still analyzing and testing in order to achieve stable results every day - the minimum of 20 pips it will be a success for me.
  • #125
  • Jun 3, 2019 3:13pm Jun 3, 2019 3:13pm
Quoting NatashaM
{quote} Yes, I understand, Sriloba! Thank you very much for sharing the system, the opinion and for your wise advices. I really have learned so much here, analyzing togather, you gave me a solid basis in my learning about price action. My total profit was 105 green pips today. But I'm still analyzing and testing in order to achieve stable results every day - the minimum of 20 pips it will be a success for me.
Hi,


I am very happy to hear about your success.

Keep going you will be a successful forex trader.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #126
  • Jun 4, 2019 10:53am Jun 4, 2019 10:53am
Hi, As I promised to share the results: at 11 GT I've entered in a BUY trade - GBPUSD - I've took my minimum of 20 green pips. The other 2 trades closed to breakeven - I didn't want to risk with lower SL. Otherwise it would be 40 pips in my direction, but never mind - my system is 20 sure pips, the others - to breakeven. It's not bad! So, I'm glad to share - another day the system is confirming itself.
  • #127
  • Jun 4, 2019 11:06am Jun 4, 2019 11:06am
Today USDJPY - SELL - would be a losing trade, because it is still retracing up, but there was a perfect setup at 11.00 GT for SELL. That's why it is necessary to work over confirming the H1 in order to know the finishing of retracement. Everyone can see what happened!
  • #128
  • Edited 2:54pm Jun 4, 2019 1:31pm | Edited 2:54pm
Hi,

I missed GBPUSD trade alerted at 12:15 GMT. Because I have slept in my chair.

H4: Uptrend

H1: QQE is above zero. Price closes below 5 EMA (Low).
H4 and H1 are aligned.

M15: Go LONG when TIMING goes below zero and cross back above zero and Blue + Force Index (H1) is above zero

It is very hard to stay awake during the London Session when living in North America.

I'm trying to find the indicator that can timing the entry.

Now, M15, I have in my tools box ( MACD, ALF Winner, MBFX Timing)




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 147 KB
Being a fxtrader is not easy. Ones must working hard.
  • #129
  • Jun 4, 2019 2:10pm Jun 4, 2019 2:10pm
Quoting sriloba
Hi, I missed GBPUSD trade alerted at 12:15 GMT. Because I have slept in my chair. H4: Uptrend H1: QQE is above zero. Price closes below 5 EMA (Low). H4 and H1 are aligned. M15: Go LONG when TIMING goes below zero and cross back above zero and Blue + Force Index (H1) is above zero It is very hard to stay awake during the London Session when living in North America. I'm trying to find the indicator that can timing the entry. Now, M15, I have in my box tools ( MACD, ALF Winner, MBFX Timing) Sai Ram {image}
I think MBFX timing indicator is very usefull most of all to determine the finfshing of the retracement on H1 - when apears an yellow color it is a sign that the price is coming to change in the oposite direction, i.e. the retracement is over. Monitoring the price nearly all the day I've noticed that this is exclusively significant.
  • #130
  • Edited 3:08pm Jun 4, 2019 2:53pm | Edited 3:08pm
Quoting NatashaM
{quote} I think MBFX timing indicator is very usefull most of all to determine the finfshing of the retracement on H1 - when apears an yellow color it is a sign that the price is coming to change in the oposite direction, i.e. the retracement is over. Monitoring the price nearly all the day I've noticed that this is exclusively significant.
Hi,

I have in my tools box one more way to enter a trade in M15, the pattern HH-LL.

I will share it with you.

You can check on this website: https://www.babypips.com/trading/hap...intro-20180105

I have read it twice. And I found very interesting.

I have modified the timing entry to fit my personality. The author uses the PENDING ORDER to enter a trade. I use the BREAKOUT after the candle closes then enter a trade.

Just give me time to download from charts.


Stay tuned!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #131
  • Jun 4, 2019 3:37pm Jun 4, 2019 3:37pm
Quoting sriloba
{quote} Hi, I have in my tools box one more way to enter a trade in M15, the pattern HH-LL. I will share it with you. You can check on this website: https://www.babypips.com/trading/hap...intro-20180105 I have read it twice. And I found very interesting. I have modified the timing entry to fit my personality. The author uses the PENDING ORDER to enter a trade. I use the BREAKOUT after the candle closes then enter a trade. Just give me time to download from charts. Stay tuned! Sai Ram
I see .....on M15 I see the formation after the retracement of several down candles I see the first up candle is forming LH and LL at 10.00 GT, 13.30 GT. That is meaning - the entry will be so earlier..... That's good, but is this formation for sure?
  • #132
  • Edited 4:11pm Jun 4, 2019 3:42pm | Edited 4:11pm
Hi,

I'm trying to explain using the pattern Lower Lows (LL) to go LONG.

M15:

1) The candles (1,2) forms a pattern LL. Then the candle (2) is a signal bar. The high of the candle (1) serves as a breakout for entry.

2) Make sure that the 4 previous lows of candles are higher than the low of the signal bar (2)

3) Wait for the candle closes above, or a breakout, of the high of a candle (1).

4) Then Go LONG on the next open candle + Force Index(H1) is above the zero line.


Hope I don't confuse you. But you go to read this website:https://www.babypips.com/trading/hap...intro-20180105


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 150 KB
Attached File(s)
File Type: tpl MDTS(LL-HH).tpl   8 KB | 222 downloads
File Type: rar MyDayTrading.rar   238 KB | 256 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #133
  • Jun 4, 2019 3:56pm Jun 4, 2019 3:56pm
Quoting sriloba
Hi, I'm trying to explain using the pattern Lower Lows (LL) to go LONG. M15: 1) The candles (1,2) forms a pattern LL. Then the candle (2) is a signal bar. The high of the candle (1) serves as a breakout for entry. 2) Make sure that the 4 previous lows of candles are higher than the low of the signal bar (1) 3) Wait for the candle closes above, or a breakout, of the high of a candle (2). 4) Then Go LONG on the next open candle + Force Index(H1) is above the zero line. Hope I don't confuse you. But you go to read this website:https://www.babypips.com/trading/hap...intro-20180105...
But the High of the signal Candle 2 is lower than you show us - you show the High of candle 1 - it is not the signal candle.
  • #134
  • Jun 4, 2019 3:59pm Jun 4, 2019 3:59pm
Quoting NatashaM
{quote} But the High of the signal Candle 2 is lower than you show us - you show the High of candle 1 - it is not the signal candle.
Hi,


I am very very sorry.

I have noted the number on the wrong candle in the POST#132. Now it is CORRECTED.

Thanks.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #135
  • Jun 4, 2019 4:26pm Jun 4, 2019 4:26pm
Thanks, Sriloba for sharing! I'll test and write about the results!
  • #136
  • Jun 5, 2019 5:15am Jun 5, 2019 5:15am
Attached Image (click to enlarge)
Click to Enlarge Name: mdts.PNG Size: 46 KB


Thanks for sharing. What's your comment on this entry regarding the low of the signal candle?
  • #137
  • Jun 5, 2019 6:47am Jun 5, 2019 6:47am
Quoting akwaig
{image} Thanks for sharing. What's your comment on this entry regarding the low of the signal candle?
The main trend is UP - we see on H4. We are waiting for a retracement on H1 - a candle to close BELOW 5 EMA-LOW /the red line/. A candle is only touching the 5 EMA - low . So, it is risky to enter after only the touching, because the retracement may be not fullfilled at all. In this example, the price moved UP extremely. But we have to remember - it is a cross pair, the rules of the system are not for sure, because every cross consists of 2 basic pairs and the movement is complicate. I myself prefer to wait for a full retracement and I'm so carefull with crosses.
  • #138
  • Jun 5, 2019 7:18am Jun 5, 2019 7:18am
Quoting akwaig
{image} Thanks for sharing. What's your comment on this entry regarding the low of the signal candle?
Hi,

The right entry according to the rule is followed:

The candle (1,2) formed a LL pattern. The Candle (2) is a signal bar and the high of the candle (1) serves as an entry.

The price must break out the high of the candle (1). Then enter LONG on the next open candle.

H1: The price was rejected the 20 EMA. ( acceptable) I prefer the candle closes below the 5 ema (LOW).




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 94 KB
Being a fxtrader is not easy. Ones must working hard.
  • #139
  • Jun 5, 2019 7:20am Jun 5, 2019 7:20am
Quoting NatashaM
{quote} The main trend is UP - we see on H4. We are waiting for a retracement on H1 - a candle to close BELOW 5 EMA-LOW /the red line/. A candle is only touching the 5 EMA - low . So, it is risky to enter after only the touching, because the retracement may be not fullfilled at all. In this example, the price moved UP extremely. But we have to remember - it is a cross pair, the rules of the system are not for sure, because every cross consists of 2 basic pairs and the movement is complicate. I myself prefer to wait for a full retracement and I'm...
Being a fxtrader is not easy. Ones must working hard.
  • #140
  • Edited 8:53am Jun 5, 2019 8:09am | Edited 8:53am
Hi,


I went LONG on CHFJPY. But it is stopped out with +2pips.

Why +2 pips? After I gained 5 pips I put an SL@ 2 pips from the entry. And I went to rest for a while.

H4: Uptrend

H1: Price closed below the 5 ema (LOW); H4 and H1 are aligned.

M15:

The candle (1,2) formed an IB (Inside Bar). The candle (2) is a signal bar.

Also the low the 4 previous candles must higher the low of the signal bar.

The price must break out the high the candle (1). Then go LONG on the next open candle.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 81 KB
Being a fxtrader is not easy. Ones must working hard.
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