Tuesday on GbpJpy
TP missed for few pips
TP missed for few pips
HI Crazy, Yes, only 2 trades out of 6 hit the TP (30 pips), the other 4 bounced back, is there a way or an indicator that can help to give a hint that the market is bouncing back, that way i could have closed with BE or a small profit and be on the safe side.
Which Indicator could predict future price movement.
I like to see if dashboard is getting quickly empty while it was full of pairs days ago... Meaning that globaly, trends on different pairs aren't extented anymore.
=> Pullback or reversal time.
Also Level 7 is the last... so at some point market can reverse sharply.
Example on Daily GbpNzd
Who knows after +7 area, that market would give back +1000 pips?
Hi Crazy, is there a way to add the difference of the outlook % between (today and yesterday) and (this week and last week), that way we get an idea if the number/% of sellers / buyers has increased or decreased, that will be an indication of the continuation of the trend,a pullback or an indication of a reversal. Regards.
You are right, the way to analyse crowd's sentiment.
I won't modify Dashboard as we need a very specific Indicator to visualize past data regarding crowd's fear and greed.
You should know that this indi can be purchased from website.
As you can see, I have attached 2 MT4 Indicators based on sentiment analysis on EurChf.
Market was -7 during asian session and I have placed 3 short.
While this time, you can check how the crowd goes massively against the trend.... nearly 98% of buyers.
I belong 2% traders making pips right now.
When you combine Dash & Sentiment Traders Indi, you can make sure to get into the right decision.
Based on Sentiment Traders only, we see that traders started to be mainly Long from 6Th June.
I have strength dashboard and sentiment indicator from crazytrader. This morning i took GBPCHF sell : Reasons: 3 red arrows in Asia Session , crowd buying GBPCHF , GBP strength Weak CHF Strength Strong Price Action Signal : Pin bar on hourly at outer area of bollinger band. This is intra day trade happy for circa 20 pips. I will inform after i close. {image}
You did good, GbpChf is great call today.
I'm short since last week... bearish trend was already full bearish.
I consider this strategy as swing trading so I like to give a chance the market to move. I tend to add trades days after days if signals is persistant.
However it can be dangerous as we enter late into trend and market can reverse anytime. For now it's fine on this pair
Hi,
I have created a demo account where I have started trading based on the Dashboard EA, I have just started a week ago (17/06/2019) and I am starting to learn how to master this tool, great so far.
- 5 trading days,
- 36 trades,
- 14.5% return, (account of 100K, 1:100 leverage)
- Small Draw Down,
- The open trades that are creating the small DD are trades I took in the first three days when I was still trying to learn how to use this great tool to trade, they will be closed as soon as the DD is minimal.
Please check the following link for more details.
https://www.forexfactory.com/thesniper20#acct.87
I will be taking trades based on dashboard EA and the Sentiment Traders indicator together from next week. I will be posting progress updates as I learn how to trade using both tools together.
I have created a demo account where I have started trading based on the Dashboard EA, I have just started a week ago (17/06/2019) and I am starting to learn how to master this tool, great so far.
- 5 trading days,
- 36 trades,
- 14.5% return, (account of 100K, 1:100 leverage)
- Small Draw Down,
- The open trades that are creating the small DD are trades I took in the first three days when I was still trying to learn how to use this great tool to trade, they will be closed as soon as the DD is minimal.
Please check the following link for more details.
https://www.forexfactory.com/thesniper20#acct.87
I will be taking trades based on dashboard EA and the Sentiment Traders indicator together from next week. I will be posting progress updates as I learn how to trade using both tools together.
hey TheSniper20 good start for sure. can you give a rough indication to how hands - off your system is, i.e. how much time does it require per day, and does it require a degree of intermittent attention throughout the day, or is it hands-off once set up at the start of te session? thanks, blam {quote}
The system belongs to a genius coder called CrazyTrader (check his website here: https://www.crazytraderfx.com/ )
I am using the Dashboard EA (https://www.crazytraderfx.com/ea) to take positions for now, and I will be adding a second tool to help with my trading decisions starting from next week (Sentiment Traders indi: http://crazytraderfx.blogspot.com/20...ent-index.html)
I am monitoring the system daily on a regular basis, especially right after the Asian session (but you still get several opportunities throughout the day if you have time to spend in front of the screen, nothing comes for free
) These are the signs I look for before taking a trade:
1- Stars = 5
2- All TF = Sell / Buy
3- Power = 7 / -7
4- Outlook = red 90+ / green 90+
5- Asset Ranking: I look at the strongest currencies against the weakest currencies
6- I take a look at the importing upcoming news just in case so I do not get any surprises, so I stay away in news times.
I believe that Crazytrader is continuously developing new indis and EAs that help making trading profitable for retail traders like us. Thanks to his products I am getting more confident taking trades knowing that 80 to 95% those trades will go my way.
I will continuously be posting updates of my trades and performance so other follow traders can benefit using these great tools, I am hoping to switch to live trading in the coming few weeks, that will be once I get to master using both the Dashboard EA and the Sentiment Traders Indi together.
I hope that this had helped answering your questions.
Regards,
The Sniper20
When to close?
We know that market will reverse at some point. So we have to worry our trades
Rule 1:
A currency has reached extreme on long view (Index ranking)
- Currency on top < 10
- Currency weak > 90
As we hit extreme, we could suspect market to reverse. It woud be great idea to close all our winning trades on CHF on yesterday.
If you are aggresive, you could close and reverse trade and joinning crowd side and considering that they have been wrong for some time by now.
The red arrow on chart showed when Crowd started to be Long o_O
Dashboard indicated to go short, and first short were opened.
Adding short day after day
If we had closed last night executing rule 1, it would have been great and maximizing profits.... Next time we know. I will adust EA : )
We know that market will reverse at some point. So we have to worry our trades
Rule 1:
A currency has reached extreme on long view (Index ranking)
- Currency on top < 10
- Currency weak > 90
As we hit extreme, we could suspect market to reverse. It woud be great idea to close all our winning trades on CHF on yesterday.
If you are aggresive, you could close and reverse trade and joinning crowd side and considering that they have been wrong for some time by now.
The red arrow on chart showed when Crowd started to be Long o_O
Dashboard indicated to go short, and first short were opened.
Adding short day after day
If we had closed last night executing rule 1, it would have been great and maximizing profits.... Next time we know. I will adust EA : )