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  • #8,601
  • Jul 10, 2019 10:50am Jul 10, 2019 10:50am
Quoting braintheboss
{quote} Tips: 1) Only use H4 as max TF ( high TFs have delay and its more for long term ). If you are scalper you only use M15/M30 2) You never enter while price it dont have clear rejection/break. In your capture histo is losing bear power and candle shadows around PP only shows some resistance. When you have some movement below PP and histo show power gain you can try open. Anyway as last movement looks a sell off maybe you have luck and later go down. But now not look will stop. At least while histo is losing power... {image}
Good afternoon btb,

Thank you for taking time in replying to this trade.

H4 sounds much more logical now you have explained it.

No excuse on my part but it is still work in progress for me as I work through your style/system.
Some times I struggle see clearly and this is were I must wait for good setups.

Best regards, DT
  • #8,602
  • Jul 10, 2019 11:12am Jul 10, 2019 11:12am
Quoting doubletop
{quote} Good afternoon btb, Thank you for taking time in replying to this trade. H4 sounds much more logical now you have explained it. No excuse on my part but it is still work in progress for me as I work through your style/system. Some times I struggle see clearly and this is were I must wait for good setups. Best regards, DT
No problem. Every trader needs time for understand systems. In my case i learn new things every day too
Try don't lose pants never...
  • #8,603
  • Jul 10, 2019 11:17am Jul 10, 2019 11:17am
Hi BrainTheBoss,
Thank you for sharing your system. I took a buy here on the AUDUSD. Price crossed up through the L50. The H1 histogram is still in neutral territory but Seller's strength is weakening. I would appreciate your thoughts.
PipBull
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 87 KB
  • #8,604
  • Jul 10, 2019 11:26am Jul 10, 2019 11:26am
Quoting Pip Bull
Hi BrainTheBoss, Thank you for sharing your system. I took a buy here on the AUDUSD. Price crossed up through the L50. The H1 histogram is still in neutral territory but Seller's strength is weakening. I would appreciate your thoughts. PipBull {image}
dont;s trade risk reward 2%+1
Attached Image (click to enlarge)
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  • #8,605
  • Jul 10, 2019 11:39am Jul 10, 2019 11:39am
Quoting thisara1
{quote} dont;s trade risk reward 2%+1 {image}
Hi Thisara1,
I appreciate the feedback but I bought the AUDUSD. The chart you attached shows the GBPCAD.
PipBull
  • #8,606
  • Edited 1:56pm Jul 10, 2019 11:46am | Edited 1:56pm
Quoting Pip Bull
Hi BrainTheBoss, Thank you for sharing your system. I took a buy here on the AUDUSD. Price crossed up through the L50. The H1 histogram is still in neutral territory but Seller's strength is weakening. I would appreciate your thoughts. PipBull {image}
I think you got it perfectly

1) Buy is perfect because you wait confirmation after PP area was broken. And really you didn't miss many pips from blue PP. I don't understand why you closed it there. I see engulf bear candle but still is above level and histo didn't show a strong lose of power ( where you mark the exit )

2) Sell is fine even is not confirmed the break because after rejection, price failed to retest top ( price was flat around R50 level ) and H1 histo confirmed a long decreasing of bull power. H1 histo cross zero level too then all things fits well. About that close you have some targets. Close at PP ( orange ), Next week PP blue or follow histo and close at L50 when is going down or when histo had a big dop before big bull candle

3) Last buy it depends how prints histo. A short TP is PP blue but if is enough strong you can close when PP area is crossed ( PP orange ). If LTF are buy you can enter like last SELL because level is broken
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190710-184111.jpg Size: 1.9 MB
Try don't lose pants never...
  • #8,607
  • Jul 10, 2019 11:46am Jul 10, 2019 11:46am
Quoting Pip Bull
{quote} Hi Thisara1, I appreciate the feedback but I bought the AUDUSD. The chart you attached shows the GBPCAD. PipBull
yep showing you risk and reward audusd real swing 6900.6910.your tp 6990.7000,,,,,,
  • #8,608
  • Jul 10, 2019 11:48am Jul 10, 2019 11:48am
Quoting thisara1
{quote} dont;s trade risk reward 2%+1 {image}
Entries/targets are trader free option. All ways are valid. Personally i use levels and if i have a fast swing lower TFs histo. But R:R trading is fine too
Try don't lose pants never...
  • #8,609
  • Jul 10, 2019 1:53pm Jul 10, 2019 1:53pm
Braintheboss & thisara1,

Thanks for the information.
PipBull
  • #8,610
  • Jul 10, 2019 2:21pm Jul 10, 2019 2:21pm
Finally closed @ zero loss... Lesson learnt.

Best regards, DT
Attached Image (click to enlarge)
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  • #8,611
  • Jul 10, 2019 2:34pm Jul 10, 2019 2:34pm
Quoting doubletop
Finally closed @ zero loss... Lesson learnt. Best regards, DT {image}
Really it wasn't be wrong. But timing wasn't be the best moment. Really now is the moment for open that SELL like I wrote in prev post.

But you closed it LOL Ok. Next time will be better

PS: Anyway as is last H4 candle day is better wait Asia open or before LO open for try reenter...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Captura de pantalla (84).png Size: 101 KB
Try don't lose pants never...
  • #8,612
  • Jul 10, 2019 2:43pm Jul 10, 2019 2:43pm
Good evening btb,

Thanks for your reply.

Closed it as I need to re-think my entry exit points, plus my broker swings price all over the place after 22:00 UK time.

Couldn't take the hassle to be honest and decided to exit @ break-even as this was the best policy at the time!

Take care, DT
  • #8,613
  • Jul 10, 2019 3:01pm Jul 10, 2019 3:01pm
Quoting doubletop
Good evening btb, Thanks for your reply. Closed it as I need to re-think my entry exit points, plus my broker swings price all over the place after 22:00 UK time. Couldn't take the hassle to be honest and decided to exit @ break-even as this was the best policy at the time! Take care, DT
Its fine
Try don't lose pants never...
  • #8,614
  • Jul 10, 2019 4:55pm Jul 10, 2019 4:55pm
Quoting braintheboss
{quote} Its fine
Stack MM is working for me so far on auto although I have done some manual closes now and then just to get rid of the losers, staying in profit without any huge account DD so hopefully the addition of your WPivots server indi will help over the long run. I'm kinda glad the market is as screwy as it's been cause I know now what to expect from time to time. Thanks for the help.
  • #8,615
  • Jul 10, 2019 5:26pm Jul 10, 2019 5:26pm
Quoting PipFlak
{quote} Stack MM is working for me so far on auto although I have done some manual closes now and then just to get rid of the losers, staying in profit without any huge account DD so hopefully the addition of your WPivots server indi will help over the long run. I'm kinda glad the market is as screwy as it's been cause I know now what to expect from time to time. Thanks for the help.
It must help. My stack MM test is doing well if you think I had more 30 consecutive trades wrong. Really I have +50 bad trades but still surviving. It's evident system didn't work well in last strong trend movements.

I saw an improvement using PA Score server. Really promise. If it finish this week with a good win ratio I think it will be a forward step. But I still have add ATR levels and some filters.

PS: Panel is almost ready
Try don't lose pants never...
  • #8,616
  • Edited 6:34pm Jul 10, 2019 6:08pm | Edited 6:34pm
I have been reading avidly your conversation Husky, Double and you for my instruction but I have yet found a trade set-up (AS-LO +2hr). Hoping that I can catch one today!!
Stay green!!!
  • #8,617
  • Jul 11, 2019 12:59am Jul 11, 2019 12:59am
First try..... hope it fits the rules?

Candles rejected, PP to PP, Histo losing strength, Stot and RSI turning up
Attached Image (click to enlarge)
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Stay green!!!
  • #8,618
  • Jul 11, 2019 1:20am Jul 11, 2019 1:20am
Quoting Froggy
First try..... hope it fits the rules? Candles rejected, PP to PP, Histo losing strength, Stot and RSI turning up {image}
That PP area is small then normally you enter when price is outside area. Inside area is neutral. If you see histogram overall is still sell. Really price broke a range area going down then I don't see buy at this moment

Captures shows how in long time histo movements you can have a small zero opposite cross ( a small red had in this case ) due to some retracement. Is not wrong use histo as main signal ( fails are little ) but is more convenient have other signals confirming it

At this moment price can do anywhere. I don't see clear signal
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190711-072255.png Size: 245 KB
Try don't lose pants never...
  • #8,619
  • Jul 11, 2019 1:29am Jul 11, 2019 1:29am
Quoting braintheboss
{quote} That PP area is small then normally you enter when price is outside area. Inside area is neutral. If you see histogram overall is still sell. Really price broke a range area going down then I don't see buy at this moment Captures shows how in long time histo movements you can have a small zero opposite cross ( a small red had in this case ) due to some retracement. Is not wrong use histo as main signal ( fails are little ) but is more convenient have other signals confirming it At this moment price can do anywhere. I don't see clear...
Thanks mate, back to the drawing board....
Stay green!!!
  • #8,620
  • Edited 10:19am Jul 11, 2019 1:40am | Edited 10:19am
Quoting Froggy
{quote} Thanks mate, back to the drawing board....
PA rejections/breaks is always better in H4. Here you can see a similar example.

Small PP area in range. As you see even breaking down PP area with red histo but price dont look want go down. Maybe will go in a future but always trader need clear signals and always need read the context moment too
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (86).png Size: 101 KB
Try don't lose pants never...
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