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My Day Trading System (MDTS) in trend following

  • #141
  • Jun 5, 2019 8:17am Jun 5, 2019 8:17am
Quoting sriloba
{quote} 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 {image}
I got it. Thanks Sriloba & NatashaM.
  • #142
  • Jun 5, 2019 8:27am Jun 5, 2019 8:27am
Quoting sriloba
{quote} 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 {image}
20 EMA or 26 EMA? In the latest templ is 26 EMA. Is it a mistake?
  • #143
  • Jun 5, 2019 8:32am Jun 5, 2019 8:32am
There is a good setup SELL entry USDCAD. I've just put a trade. We'll see...... I was late with 3 pips, but the significant is the direction - that is I want to see.
  • #144
  • Jun 5, 2019 8:33am Jun 5, 2019 8:33am
Quoting NatashaM
{quote} 20 EMA or 26 EMA? In the latest templ is 26 EMA. Is it a mistake?
Hi,

26 EMA for a test. Why is that?

Because MACD(12,26,9) ===>12 ema, 26 ema, 9 sma

If price trades above 26 ema (H1) then the market is an uptrend. It is just a filter to align with the trend from H4.

I am going to let the 26 EMA stays in H1 for some time. Then I will see if it is worth to consider the 26 EMA as a filter in H1.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #145
  • Jun 5, 2019 8:35am Jun 5, 2019 8:35am
Quoting NatashaM
There is a good setup SELL entry USDCAD. I've just put a trade. We'll see...... I was late with 3 pips, but the significant is the direction - that is I want to see.
Hi,

I saw it. But I don't like the LOONIE even I am Canadian.

Every time it moves is like the Loonie jumps 5, 6 or 7 pips then pull back.






Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #146
  • Jun 5, 2019 8:53am Jun 5, 2019 8:53am
I've just put a trade BUY on AUDUSD. I don't like this pair, but there was a setup and I'm testing. We'll see.......
  • #147
  • Jun 5, 2019 9:06am Jun 5, 2019 9:06am
Hi,

I went LONG on GBPUSD, Take Profit at 20 pips from the entry. Then exited manually for break even.


H4: Uptrend

H1: H1 and H4 are aligned. Price was rejected on the 26 EMA (H1). When I saw this move then I decided to take this setup.

But the pair moved a little bit upward then dropped like a stone. So I decided to exit a trade with a break even.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 87 KB
Being a fxtrader is not easy. Ones must working hard.
  • #148
  • Jun 5, 2019 9:22am Jun 5, 2019 9:22am
Hi,

Just to inform you that there is NEW ( crude oil inventories) will release at 17:30 GMT.

This NEW will create some volatility.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #149
  • Jun 5, 2019 10:10am Jun 5, 2019 10:10am
Quoting sriloba
Hi, I went LONG on GBPUSD, Take Profit at 20 pips from the entry. Then exited manually for break even. H4: Uptrend H1: H1 and H4 are aligned. Price was rejected on the 26 EMA (H1). When I saw this move then I decided to take this setup. But the pair moved a little bit upward then dropped like a stone. So I decided to exit a trade with a break even. Sai Ram {image}
It is not enough the price close above or below the 5 EMA - L_H, but as I saw it is necessary the price to touch the 26 EMA. USDCAD just closed with 25 pips loss, because I didn't have in mind that rules.
  • #150
  • Jun 5, 2019 10:41am Jun 5, 2019 10:41am
Quoting NatashaM
{quote} It is not enough the price close above or below the 5 EMA - L_H, but as I saw it is necessary the price to touch the 26 EMA. USDCAD just closed with 25 pips loss, because I didn't have in mind that rules.
Hi,

I think we have a solid technic analysis. But what we need is the fundamental analysis to complete the whole analysis.

What forces drive the markets?

The fundamental analysis creates direction while the technic analysis gives the way to enter a trade.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #151
  • Jun 5, 2019 10:41am Jun 5, 2019 10:41am
I noticed something very interesting - if we have the formation H_L 2 candles on H1 - then we can enter by the same formation of the upper rules on M15 and the probability is very high - I have noticed on the historical data. Now you can see the same on EURJPY - we have the formation on H1 and I'm waiting on M15 - a candle to close over 121.735 - let's see what will happen...... I know that it is not easy to find that formation first on H1 - then to wait on M15, but if the probability is very high - it will be exellent. In the original site I've read that this formation is looking for in higher timeframes - H1 and H4. So, there is a logic thing.
  • #152
  • Jun 5, 2019 10:44am Jun 5, 2019 10:44am
Quoting NatashaM
I noticed something very interesting - if we have the formation H_L 2 candles on H1 - then we can enter by the same formation of the upper rules on M15 and the probability is very high - I have noticed on the historical data. Now you can see the same on EURJPY - we have the formation on H1 and I'm waiting on M15 - a candle to close over 121.735 - let's see what will happen...... I know that it is not easy to find that formation first on H1 - then to wait on M15, but if the probability is very high - it will be exellent. In the original site I've...
Hi,

Yes. we can do that too.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #153
  • Edited 12:40pm Jun 5, 2019 12:28pm | Edited 12:40pm
Hi,


EURJPY, GBPUSD, AUDUSD for future trade.


H4:

The candle (1,2) formed Higher High (HH). The candle (1) is s signal bar and the low of the candle (2) serves as the break out entry point.

If the price closes below the low of the candle (2) then the uptrend will reverse.


We will see...



Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 45 KB
Click to Enlarge Name: MDTSB1.png Size: 25 KB
Click to Enlarge Name: MDTSB2.png Size: 42 KB
Being a fxtrader is not easy. Ones must working hard.
  • #154
  • Jun 5, 2019 12:46pm Jun 5, 2019 12:46pm
Hi,

EURUSD for the future trade

H4:

The candle (1,2) formed an Out Side Bar (OB). The candle (1) is a signal bar.

If the price closes below the low of the candle (1) then the uptrend will reverse.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB3.png Size: 40 KB
Being a fxtrader is not easy. Ones must working hard.
  • #155
  • Jun 5, 2019 2:30pm Jun 5, 2019 2:30pm
Hi,

These are the 4 pairs that I trade during the London session.

If the price closes below the yellow horizontal line in H4 then the trend changes.

The MAs will follow later. Because they are lagging.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 108 KB
Being a fxtrader is not easy. Ones must working hard.
  • #156
  • Jun 5, 2019 3:02pm Jun 5, 2019 3:02pm
Quoting sriloba
Hi, These are the 4 pairs that I trade during the London session. If the price closes below the yellow horizontal line in H4 then the trend changes. The MAs will follow later. Because they are lagging. Sai Ram {image}
How are you going to trade? You mean:
1. To determine the trend on H4 by the formation which is a pure price action, because MAs are lagging and to reject the indicators on H4.
2. Are you going to wait for the same H_L formation on H1? and
3. Enter on M15; or are you going to enter on the same formation on H1 directly.
Would you explain what do you mean, please! Thanks!
  • #157
  • Jun 5, 2019 3:17pm Jun 5, 2019 3:17pm
Quoting NatashaM
{quote} How are you going to trade? You mean: 1. To determine the trend on H4 by the formation which is a pure price action, because MAs are lagging and to reject the indicators on H4. 2. Are you going to wait for the same H_L formation on H1? and 3. Enter on M15; or are you going to enter on the same formation on H1 directly. Would you explain what do you mean, please! Thanks!
Hi,

I trade both, Price Action (PA) and MAs. Some time lagging provides precious information.

For instance, the trend changes direction in H4 by observing the PA. But the cross of MAs is not yet.

But we can see in H1 the momentum of the market by observing the PA trade above or below the 26 EMA and QQE cross above or below 50 level.

By the way, the QQE uses MA inside the algorithm also.

These are a clue that we can use them to do the analysis.

Regarding the HH-LL formed in H1, we can use it to pinpoint in M15.

Tonight, I hope that I can show by live trade.

I will show later. Let me find the perfect example.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #158
  • Edited 4:14pm Jun 5, 2019 3:42pm | Edited 4:14pm
Hi,

Here is an example to sell the pair by using the setup formed in H1.

GBPUSD

H4: Downtrend --- 5/10 ema cross down

H1: QQE is trading below 50 Level (bearish); H4 and H1 are aligned. Price closes above 5 ema (high), candle(2).

The candles (1,2) formed the pattern Higher High (HH). The candle (1) is a signal bar and the low of the candle(2) serves as the breakout.

The high of the 4 previous candles are lower than the high of the signal bar. (very important, if we want a maximum retracement)

On the candle(3), we go to M15 to pinpoint the trade. We wait for the candle in M15 to break below the low of the candle 2 in H1 and confirmed by

Force Index (H1) is below zero line. Finally, sell the pair on the next open candle.

Hope I don‛t confuse you.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 83 KB
Being a fxtrader is not easy. Ones must working hard.
  • #159
  • Jun 5, 2019 4:04pm Jun 5, 2019 4:04pm
Quoting sriloba
Hi, There is an example to sell the pair by using the setup formed in H1. GBPUSD H4: Downtrend --- 5/10 ema cross down H1: QQE is trading below 50 Level (bearish); H4 and H1 are aligned. Price closes above 5 ema (high), candle(2). The candles (1,2) formed the pattern Higher High (HH). The candle (1) is a signal bar and the low of the candle(2) serves as the breakout. The high of the 4 previous candles are lower than the high of the signal bar. (very important, if we want a maximum retracement) On the candle(3), we go to M15 to pinpoint the trade....
Thanks, Sriloba! I understand what do you mean - H4 is better to determine the trend by the MAs, then go to H1 and see the H_L formation and when we have a setup on H1 again to see the confirmed H4 trend. Then go to M15, but the breakline of the H1 formation remain to the gragh of M15 - not the break of M15 formation, but the breakout of H1. It is really clever - let see when London is starting is the modified system confirmed. It would be wonderfull - all of us are hoping to discover the key. All the time I believe that the link between the timeframes is this key.
  • #160
  • Jun 5, 2019 4:07pm Jun 5, 2019 4:07pm
Quoting NatashaM
{quote} Thanks, Sriloba! I understand what do you mean - H4 is better to determine the trend by the MAs, then go to H1 and see the H_L formation and when we have a setup on H1 again to see the confirmed H4 trend. Then go to M15, but the breakline of the H1 formation remain to the gragh of M15 - not the break of M15 formation, but the breakout of H1. It is really clever - let see when London is starting is the modified system confirmed. It would be wonderfull - all of us are hoping to discover the key. All the time I believe that the link between...
Hi,

You have asked very good questions. So the others can understand the strategy we use to grab some green pips from the markets.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
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