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Simple Horizontal Line Trading H1

  • #21
  • Jun 15, 2019 1:00pm Jun 15, 2019 1:00pm
Quoting Fx-ken
Here are some example of H4 MA50 100 Pip Setup, It's similar to JarFx05 method to enter at 00 level GBPUSD (sideway market not reach 100 pip target) {image} EURJPY (reach 100 Pip target twice last 2 week) {image}
Hi,

Analyzing the charts I have observed that the price has natural zones RS, SD how there anyone wants to name.
It can be good combined with BB, MACD, MA, Pivot, Pitchfork etc.

regards

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if you're doing we all have results with all
  • #22
  • Jun 15, 2019 1:57pm Jun 15, 2019 1:57pm
PS

This method can also trade XAU successfully. If the methodology is good then it will work on everything.

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if you're doing we all have results with all
  • #23
  • Jun 15, 2019 2:20pm Jun 15, 2019 2:20pm
so last mounth you made 15 percent roi ? How dod you know when the market is or will be shoppy sideways ? how was the other 2 mounth in gain that you traded this system ? have you tryed other options like other timeframes other sessions other targets and stopsize ?

Also the ema is of no use because you know what direction you will take position in when it breaks the lne from below or above ?

Thank You.

Best regards
  • #24
  • Jun 15, 2019 2:28pm Jun 15, 2019 2:28pm
the strategy is so simple! i tink a ea will work for it.
  • #25
  • Jun 16, 2019 2:11am Jun 16, 2019 2:11am
And also for this mounths result i see you only have winners and losers no break evens ?

Best regards
  • #26
  • Edited 6:29am Jun 16, 2019 5:56am | Edited 6:29am
Quoting jgadefelth
And also for this mounths result i see you only have winners and losers no break evens ? Best regards
Hi,

I will not say anything new. They have been unchanged for years. No matter how the market changes. The entrance is a pending order. If my scenario is wrong, the order will not be opened. Sometimes I fly on BE, sometimes I close manually with a small loss if the market does not go in my direction. Depends on market conditions. Basically used candle from the Renko family. Read more from the picture.

regards

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if you're doing we all have results with all
  • #27
  • Jun 16, 2019 6:53am Jun 16, 2019 6:53am
Quoting jgadefelth
And also for this mounths result i see you only have winners and losers no break evens ? Best regards
I only post winner or losers to show the method will work if you have patience. i personally still cannot hold all the time because human emotions, so sometimes i close order manually by my feelings or move to BE+1/5.

Its best to hold until the target reach but i still have fear of losing my profit.
  • #28
  • Jun 16, 2019 7:03am Jun 16, 2019 7:03am
Quoting jgadefelth
so last mounth you made 15 percent roi ? How dod you know when the market is or will be shoppy sideways ? how was the other 2 mounth in gain that you traded this system ? have you tryed other options like other timeframes other sessions other targets and stopsize ? Also the ema is of no use because you know what direction you will take position in when it breaks the lne from below or above ? Thank You. Best regards
For sideway you can see by changing from H1 to H4 the candle will not moving anywhere from that level.

Like example in GBPUSD this week, without indicators you know its moving sideway.

The Ma purpose only to tell when to buy or sell, price above ma50 tend to go up, and below ma50 tend to go down.

We cannot predict where the market will go, but with the Ma it help to chose which direction it will go. (Not 100%, because market move on their own way)

You can use it without the MA and tell us how it goes.
I prefer using ma so it will limit my trade.

Less trade less risk, more trade more risk (my opinion)
  • #29
  • Jun 16, 2019 7:06am Jun 16, 2019 7:06am
Quoting jarfx05
PS This method can also trade XAU successfully. If the methodology is good then it will work on everything. {image}
Yup actually this method can be use in any market even at stock market. But i choose GBPUSD & EURJPY because it move faster and the spread still pretty good. (Spread around 1.8 to 2.5)

For GBPJPY it move faster than gbpusd eurjpy but the spread is to big for me (almost 3 if i remeber correctly)
  • #30
  • Jun 16, 2019 8:14am Jun 16, 2019 8:14am
Hi jgadefelth without MA here are chart example

let's pretend the MA50 is not there.

in this downtrend how will you filter the long and sell position if you not using the MA as a filter?
you will buy sell buy sell buy sell and got stop out almost all your buy position.

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Example of price is going sideway
- ma is lagging indicator so it useless to know the trend going to sideway or not
- you must train your eyes to see the market start go goes sideway, when they move only up and down in the same area for a couple times.
- and also by applying dow theory, when the price not making new Higher High and Higher low / Lower High Lower Low it's have a high chance the price will change direction or going sideway

GBPUSD H4 & H1 when side way moving up and down in same Area

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  • #31
  • Jun 16, 2019 8:26am Jun 16, 2019 8:26am
Market Cycle (i just take this pic at google)

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  • #32
  • Jun 16, 2019 10:19am Jun 16, 2019 10:19am
Quoting Msmaximus
the strategy is so simple! i tink a ea will work for it.
I hope someone can make it for us
  • #33
  • Jun 16, 2019 10:25am Jun 16, 2019 10:25am
Why asian session bwcause you cant london or us , otherwise they move more ?

Best regards
  • #34
  • Jun 16, 2019 7:36pm Jun 16, 2019 7:36pm
Quoting jgadefelth
Why asian session bwcause you cant london or us , otherwise they move more ? Best regards
I trade from asian london and us open, because i live in asia, when us open is already 8 pm at my country. You can trade anytime you want.
  • #35
  • Jun 17, 2019 2:29am Jun 17, 2019 2:29am
Quoting Fx-ken
Hi jgadefelth without MA here are chart example let's pretend the MA50 is not there. in this downtrend how will you filter the long and sell position if you not using the MA as a filter? you will buy sell buy sell buy sell and got stop out almost all your buy position. {image} Example of price is going sideway - ma is lagging indicator so it useless to know the trend going to sideway or not - you must train your eyes to see the market start go goes sideway, when they...
I would sell when price comes from above and breaks the lines downward and vice versa for buy. Have you tryed other options like 1:2 risk reward ? other timeframes ? pairs yes little more in spread for GJ for it moves faster trends more i think ?

Best regards
  • #36
  • Edited 3:45am Jun 17, 2019 3:34am | Edited 3:45am
Quoting jgadefelth
{quote} I would sell when price comes from above and breaks the lines downward and vice versa for buy. Have you tryed other options like 1:2 risk reward ? other timeframes ? pairs yes little more in spread for GJ for it moves faster trends more i think ? Best regards
Hi,

Fx-ken has already written that the spread on GJ is too big for him. If the guy trades only GU and EJ, respect it. He probably spends many hours watching these currency pairs and got to know their characteristics well. There are people who only trade Cable and live good.

regards
if you're doing we all have results with all
  • #37
  • Jun 17, 2019 5:43am Jun 17, 2019 5:43am
Quoting jgadefelth
{quote} I would sell when price comes from above and breaks the lines downward and vice versa for buy. Have you tryed other options like 1:2 risk reward ? other timeframes ? pairs yes little more in spread for GJ for it moves faster trends more i think ? Best regards
i tried using 1:2 reward (25 pip SL 50 Pip TP) but sometimes the price just bounce back after SL hit, so i give it a little more space SL but not changing the TP, for GJ actually move the same way like EJ, but the spread is to big for me.
  • #38
  • Jun 17, 2019 5:44am Jun 17, 2019 5:44am
Quoting jarfx05
{quote} Hi, Fx-ken has already written that the spread on GJ is too big for him. If the guy trades only GU and EJ, respect it. He probably spends many hours watching these currency pairs and got to know their characteristics well. There are people who only trade Cable and live good. regards

I think he never see my other reply. haha
  • #39
  • Jun 17, 2019 6:37am Jun 17, 2019 6:37am
Hi,

For people who want to try this methodology of trade and ask about MTF I have prepared a small helper.

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Attached File(s)
File Type: zip indi.zip   66 KB | 481 downloads

Attached File(s)
File Type: tpl ! 00 level.tpl   154 KB | 374 downloads

The font must be copied to the Windows /Fonts
Attached File(s)
File Type: zip Stratman.zip   < 1 KB | 405 downloads
if you're doing we all have results with all
  • #40
  • Jun 17, 2019 7:04am Jun 17, 2019 7:04am
D1 Trade with MA50, if your patience level is god level maybe you will be rich quick. (i still have issue to hold my position for longer period haha)

this method will work if you can trust the method and trust yourself. (Just to be safe, you need to move your SL to BE+1/5 when it goes your way)

in D1 / H4 we using 100 pip line not 25 pip line. so you can adjust your RR to 100 SL 200 TP / 50 SL 100 TP / anything you want.

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