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My Day Trading System (MDTS) in trend following

  • #181
  • Jun 10, 2019 8:21am Jun 10, 2019 8:21am
Quoting sriloba
Hi fellow traders, If your entry, M15 is whipsawed, you can go up a one-time frame. For day to day trading, it is wise to enter a trade, not below H1. M30 is borderline. Sai Ram
Which system have you in mind? For H1 entry we have to sacrifice green pips. I think it is not necessary - it is better after a good analising to enter at smaller timeframes.
  • #182
  • Jun 10, 2019 8:48am Jun 10, 2019 8:48am
Quoting sriloba
{quote} NO. ALWAYS WAIT FOR THE CANDLE CLOSES. Sai Ram
The M15 candle close?
Guppy re-invented All Time Return: 83.3%
  • #183
  • Jun 10, 2019 8:49am Jun 10, 2019 8:49am
Quoting NatashaM
{quote} You are posting different pairs - take a look! H4 - GBPUSD, but H1 and M15 - EURUSD! Be carefull!
You are right, thanks.
Guppy re-invented All Time Return: 83.3%
  • #184
  • Jun 10, 2019 9:06am Jun 10, 2019 9:06am
Is it a good sell enter? I don't follow rules of post #132.
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS-2.jpg Size: 244 KB
Guppy re-invented All Time Return: 83.3%
  • #185
  • Jun 10, 2019 9:09am Jun 10, 2019 9:09am
Quoting 8tango
{quote} The M15 candle close?
Hi,


You said IS SELL entry is timing. I assume that you saw the Fxtrendband in H4 is developing a bearish bar. But the current candle was not closed yet.

You have to wait for the current in H4 closed then you decide your entry in M15 goes in the same direction in H4 (Prevailing trend).


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #186
  • Jun 10, 2019 9:17am Jun 10, 2019 9:17am
Quoting 8tango
Is it a good sell enter? I don't follow rules of post #132. {image}
Hi,

H4 is down.

Wait for Force Index bar (H1) closes above the zero. (Pull back)

Then go to M30 to wait for the Higher High (HH) formed then study the key level of entry for SELL TRADE.

Finally, go to M15 to wait for price breaks below the key level of M30 then you can pull the trigger with a quiet mind.

Go to POST#132 to learn the entry strategy.

THIS POST IS VERY IMPORTANT TO ANALYZE THE HIGH PROBABILITY OF ENTRY


I will post an example with charts


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #187
  • Jun 10, 2019 9:21am Jun 10, 2019 9:21am
Quoting sriloba
{quote} Hi, You said IS SELL entry is timing. I assume that you saw the Fxtrendband in H4 is developing a bearish bar. But the current candle was not closed yet. You have to wait for the current in H4 closed then you decide your entry in M15 goes in the same direction in H4 (Prevailing trend). Sai Ram
But we see several black bars on H4 had closed - so the main trend is down. And I can't understand what we have to wait and till when? Would you clear, please, beacause I'm confused too! Would you explain in details the latest version, Sriloba, please! Thanks!
  • #188
  • Jun 10, 2019 9:26am Jun 10, 2019 9:26am
Quoting sriloba
Hi, guys Now, as promised, I share with you my day trading system. Enjoy it !! The MDTS simplified is located in Post#168 Sai Ram {file} {file} {file} {image}
Thank you very much,this was really helpful
  • #189
  • Jun 10, 2019 9:31am Jun 10, 2019 9:31am
Quoting NatashaM
{quote} But we see several black bars on H4 had closed - so the main trend is down. And I can't understand what we have to wait and till when? Would you clear, please, beacause I'm confused too! Would you explain in details the latest version, Sriloba, please! Thanks!
Hi,

I replied to the POST#175.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #190
  • Jun 10, 2019 9:38am Jun 10, 2019 9:38am
I'm a little confused.

If I follow your instructions into the MTDS_simplified.doc document, you said:

1) Determining the trend with the H4 timeframe.

2) Wait for the retracement with the H1 timeframe.

3) Enter a trade with the M15 timeframe.

On the picture below could you tell me if I can enter a trade on M15 on the 2 red vertical bar (H4 timeframe) or only on the first red vertical bar?
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS-3.jpg Size: 90 KB
Guppy re-invented All Time Return: 83.3%
  • #191
  • Edited 9:54am Jun 10, 2019 9:40am | Edited 9:54am
Hi,


GBPUSD


H4: The trend is DOWN

H1: I wait for Force Index bar closes above the zero (GREEN) ---- ( Pull back )

M30: I will wait for HH formed. Then I will study the key level of SELL TRADE.

M15: I will wait for price closes below the key level found in M30. Then I will pull the trigger with a high probability of trade.

This is my analysis. If the signal alert occurs close to the London session end then I will not enter a sell trade.

This model of charts might help me to increase the high probability of entry in M15 (especially). I will see ...



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 93 KB
Being a fxtrader is not easy. Ones must working hard.
  • #192
  • Jun 10, 2019 9:47am Jun 10, 2019 9:47am
Quoting 8tango
I'm a little confused. If I follow your instructions into the MTDS_simplified.doc document, you said: 1) Determining the trend with the H4 timeframe. 2) Wait for the retracement with the H1 timeframe. 3) Enter a trade with the M15 timeframe. On the picture below could you tell me if I can enter a trade on M15 on the 2 red vertical bar (H4 timeframe) or only on the first red vertical bar? {image}
Hi,


Study the charts attached below.

Then if you have a doubt, please feel free to ask the question.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 94 KB
Being a fxtrader is not easy. Ones must working hard.
  • #193
  • Jun 10, 2019 9:53am Jun 10, 2019 9:53am
Ok for the H4 and H1 charts, I understood.

But for the M30 chart we wait what (if the H4 and H1 charts are confirmed)? Could you post an example of this M30 chart condition?
Guppy re-invented All Time Return: 83.3%
  • #194
  • Jun 10, 2019 10:01am Jun 10, 2019 10:01am
Now we have 2 conditions (H4 and H1), what is the M30 configuration?
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS-4.jpg Size: 187 KB
Guppy re-invented All Time Return: 83.3%
  • #195
  • Jun 10, 2019 10:12am Jun 10, 2019 10:12am
Quoting 8tango
Ok for the H4 and H1 charts, I understood. But for the M30 chart we wait what (if the H4 and H1 charts are confirmed)? Could you post an example of this M30 chart condition?
Hi,


Study the charts attached below.

Is it ok?





Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 121 KB
Being a fxtrader is not easy. Ones must working hard.
  • #196
  • Jun 10, 2019 10:19am Jun 10, 2019 10:19am
Quoting 8tango
Now we have 2 conditions (H4 and H1), what is the M30 configuration? {image}
Hi,


I use 4 patterns of reversal to study the analysis of a high probability of entry.


Uptrend:

1) Lower Low (LL)
2) Inside Bar (IB)
3) Outside Bar (OB)


Downtrend:

1) Higher High (HH)
2) Inside Bar (IB)
3) Outside Bar (OB)



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #197
  • Jun 10, 2019 10:20am Jun 10, 2019 10:20am
Yes now it's ok for all charts, thanks.

But today it's too late to take a trade because london is closed, is it ok?

Do you trade only GBPUSD?
Guppy re-invented All Time Return: 83.3%
  • #198
  • Jun 10, 2019 10:27am Jun 10, 2019 10:27am
Quoting 8tango
Yes now it's ok for all charts, thanks. But today it's too late to take a trade because london is closed, is it ok? Do you trade only GBPUSD?

It is 11:13 ET

London is about to close. The volatility is slow.


I trade GBPUSD 95% of the time then EURJPY, EURUSD and AUDUSD



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #199
  • Jun 10, 2019 10:37am Jun 10, 2019 10:37am
How many trades do you take per day on GBPUSD?
Guppy re-invented All Time Return: 83.3%
  • #200
  • Jun 10, 2019 10:42am Jun 10, 2019 10:42am
Quoting 8tango
How many trades do you take per day on GBPUSD?
Hi,



2 trades maximum





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