My Day Trading System (MDTS) in trend following

Quoting sriloba

Disliked

Hi, For the sequence of H4_M30_M5 USDCAD DOWNTREND H4: Downtrend M30: Entry 1) Wait for price close above the 5 EMA(H1) of the high and confirmed by 2) CCI(H1) closes above +100 level (OB area) 3) SELL when CCI(H4) is below 50 level confirmed by 4) RSI(M30) is RED M5: Pinpoint 1) Wait for price close above the 5 EMA(H1) of the high and confirmed by 2) CCI(H1) closes above +100 level (OB area) 3) SELL when 5/10 EMAs cross down (RED) confirmed by 4) CCI(H4) is below 50 level 5) AO is above the zero level then paints RED ( Very important. Because we...

Ignored

Quoting NatashaM

Disliked

{quote} Thank you, Sriloba for sharing! First I was so surprised of that you have noticed what I've noticed too - RSI histogram on M30 is better than on H1. But I can't understand - when we have to enter - have we to wait to close the candle on M30 - in 10.00 or we have to enter in 09.10 GT on M5 in advance? Would you clear, please? Thanks!

Ignored

Quoting sriloba

Disliked

{quote} Hi, You can enter in M30 or M5. Pinpoint is not the word I want to use in M5. Forget PINPOINT and instead use Entry in M5. I have noticed in the past that some trades taken in HTF are better than LTF. Because in LTF there are micro trends created when there is volatility. Sai Ram

Ignored

Quoting NatashaM

Disliked

{quote} You mean we have to use the retracement on H1, but enter in 3 ways: 1. M30; 2. M15 or M5?

Ignored

Quoting sriloba

Disliked

{quote} Hi, Yes, you can enter a trade in the time frame that has confirmed all conditions of entry. The retracement on H1 and M30 happens almost the same level. Sometimes price pulls back, in H1, almost at the extreme then resume the trend. I like the retracement occurs on H1. I think the price has pulled back in maximum. On the other hand, there is less signal alerted on H1 than M30. That why I have prayed you to look more pairs. Sai Ram

Ignored

Quoting sriloba

Disliked

Hi, I grabbed 14 pips in 2 trades. 1) GBPUSD : Sell@10:55 GMT and exit manually +6 pips --- First chart 2) NZDUSD : Buy@10:05 GMT and exit manually +8 pips --- Second chart Total=1)+2)=14 pips I decided to exit my trades with a small number of pips because we are in the summertime. Sai Ram {image} {image}

Ignored

Quoting NatashaM

Disliked

{quote} Hi, it is not by the basic rule in the trade GBPUSD - CCI is on 30 min, not H1 retracement - that's why the price began to move on, before falling down.

Ignored

Quoting sriloba

Disliked

{quote} Hi, Natasha I owe you a lot for this final improvement system. You are absolutely right! M30 for retracement: The CCI(M30) combines with the 5 EMA(H1) high/low as Support and Resistant give a pretty accurate pullback of price action. So when price, in M30, closes outside the 5 EMA(H1) high/low and confirmed by CCI(M30) (OB/OS area) then I fly to M5 to look for an entry. I will correct the DOC in POST#288. Sai Ram

Ignored

Quoting sriloba

Disliked

{quote} Hi, Natasha I owe you a lot for this final improvement system. You are absolutely right! M30 for retracement: The CCI(M30) combines with the 5 EMA(H1) high/low as Support and Resistant give a pretty accurate pullback of price action. So when price, in M30, closes outside the 5 EMA(H1) high/low and confirmed by CCI(M30) (OB/OS area) then I fly to M5 to look for an entry. I will correct the DOC in POST#288. Sai Ram

Ignored

Quoting NatashaM

Disliked

{quote} Also, what TP have we to expect on M30 CCI retracement? I think then it is logic to decrease it. The system is going to change!

Ignored

Quoting sriloba

Disliked

{quote} Hi, Let stick with M30 CCI retracement for a month of July. Then we will see the results. Sai Ram

Ignored

Quoting sriloba

Disliked

{quote} Hi, Natasha I owe you a lot for this final improvement system. You are absolutely right! M30 for retracement: The CCI(M30) combines with the 5 EMA(H1) high/low as Support and Resistant give a pretty accurate pullback of price action. So when price, in M30, closes outside the 5 EMA(H1) high/low and confirmed by CCI(M30) (OB/OS area) then I fly to M5 to look for an entry. I will correct the DOC in POST#288. Sai Ram

Ignored

Quoting sriloba

Disliked

Hi guys, First trade winner of the month of July, Canada day. I used the strategy in POST297 I put the Target Bands in M5 just to use the upper bands or lower bands as a target. The trade exited manually for 13 pips. Because the price is hard to reach the upper bands. Sai Ram {image}

Ignored