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  • #3,421
  • Aug 29, 2019 3:32am Aug 29, 2019 3:32am
Quoting 40PipsAlan
{quote} With you on these ones boss. Bit of DD at the moment
Oh dear, not so good after all. SL on both
  • #3,422
  • Aug 29, 2019 4:49am Aug 29, 2019 4:49am
Holy freaking crap, I really can't make this work, every trade I take goes back against me. This time got stopped out in the very same candle as I entered on both trades, AJ and EA.
I should seriously consider changing my approach, and when I see a setup I just take the other side. Would have worked out like a charm for the past 2 weeks :x
  • #3,423
  • Aug 29, 2019 5:01am Aug 29, 2019 5:01am
Took the same two trades, got stopped fast too. I'm thinking about leaving the H4 tf and looking only on D for a while...
  • #3,424
  • Edited 7:51am Aug 29, 2019 5:24am | Edited 7:51am
I got stopped out 4H EA with -1R, 4H AU with -0.27R and 4H NJ with -1R. Still long on AN 4H. Not often the full stop loss get hit. So far not a good week.

Quoting Wenke
Took the same two trades, got stopped fast too. I'm thinking about leaving the H4 tf and looking only on D for a while...
Maybe a good thing to do. I think I will back test daily timeframe (21 forex pairs) for august to see if the result get better than for 4H.
  • #3,425
  • Aug 29, 2019 6:00am Aug 29, 2019 6:00am
Current trades 4h entry


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Blessed is the one who takes refuge in Him.
  • #3,426
  • Aug 29, 2019 6:49am Aug 29, 2019 6:49am
I am just wondering if we should even be looking at this pair. The weekly has closed inside the HMA/EMA. The same on the Daily. So maybe we should wait until they close outside of the channel? Perhaps EMM can give us a clue or anyone else have any suggestions? AUD/JPY
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  • #3,427
  • Aug 29, 2019 7:07am Aug 29, 2019 7:07am
Quoting 40PipsAlan
I am just wondering if we should even be looking at this pair. The weekly has closed inside the HMA/EMA. The same on the Daily. So maybe we should wait until they close outside of the channel? Perhaps EMM can give us a clue or anyone else have any suggestions? AUD/JPY {image}
let me give you my clue...

that is AUDJPY pair

and my monitor says ' analyse buy setup' when NY open

but I know Weekly trend is bearish and COWABUNGA system says it is in a correction phase ... aka sideways ranging.

Attached Image (click to enlarge)
Click to Enlarge Name: TMSr Monitor AUDJPY NYO 29-08-2019 20-00-21.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,428
  • Aug 29, 2019 8:09am Aug 29, 2019 8:09am
Quoting emmanuel7788
{quote} let me give you my clue... that is AUDJPY pair and my monitor says ' analyse buy setup' when NY open but I know Weekly trend is bearish and COWABUNGA system says it is in a correction phase ... aka sideways ranging. {image}
Then why in this post: https://www.forexfactory.com/showthr...9#post12471499 did you say
Quote
both EURAUD and AUDJPY H4 are good trades... at the moment
when they were selling AJ on the H4?
Success means going from failure to failure without loss of enthusiasm
  • #3,429
  • Aug 29, 2019 8:37am Aug 29, 2019 8:37am
Quoting lisat
{quote}Then why in this post: https://www.forexfactory.com/showthr...9#post12471499 did you say {quote} when they were selling AJ on the H4?
I expect to see AUDJPY cycling for timeframes below D1 So this will be muddying the waters for you if you are looking for trades on D1 and H4. You can see H4 starting up right now. But H1 will soon be making a pullback.
To free Gazans of Hamas, use whatever it takes.
  • #3,430
  • Aug 29, 2019 9:33am Aug 29, 2019 9:33am
Quoting 40PipsAlan
I am just wondering if we should even be looking at this pair. The weekly has closed inside the HMA/EMA. The same on the Daily. So maybe we should wait until they close outside of the channel? Perhaps EMM can give us a clue or anyone else have any suggestions? AUD/JPY {image}
Hi, imho, the best setup trade for this week is NC H4 on 26th august 20:00 candle close, W1 down LL+ LC+, D1 LL+ LC+, so H4 is line with D1 and W1.. a second mouse trade.. but even then using trailing 2 bar High, ended postive, but not 2R, i think around 0.5R; anyway, this is the D1 trade taken by RH if i'm not wrong.. i missed this trade as the H4 cancle closes at 4am local time.. lol.. really difficult to find H4 candle that is totally in line with D1 n W1..

for AJ, if i'm not wrong that is 29/8 8:00 candle right.. even the D1 candle is small, PA is still PA according to this post .. so D1 direction is more down than up as LL+ LC-++, furthermore W1 is more down than up as looking at previous weeks and last week LL- LC+... but H4 is up so H4 is against D1 and W1.. may be just a retrace of H4 itself... or a new up.. anyway this is totally an early bird trade.. oh D1 23/8 shows a breakout down from the smallest insidebar..

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and maybe i'm thinking too much... looking at 4 bars of H4 candles(the upwards slope) seems to be steeper than the downward slope made by 10 H4 candles.. so even there is a H4 candle down, maybe it is better to skip this currency pair, as it is indicating a better upwards movement, yet it is still not supported by D1 and W1..

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p.s.. my W1 trades are all red at the moment.. lol.. i didn't take all from NZD pairs even though they look prettier compared to AUD as i was thinking too much about correlation.. in the 4 currency pairs chosen, EA and NJ correlated D1 -87, GA and GS +74... but oh man, NZD i think performs better... lol
  • #3,431
  • Aug 29, 2019 10:54am Aug 29, 2019 10:54am
Quoting moRTaL
{quote} Hi, imho, the best setup trade for this week is NC H4 on 26th august 20:00 candle close......but oh man, NZD i think performs better... lol
NZD is ever faithful, 1 of my fav currency's to trade.
The more you learn, the more you see
  • #3,432
  • Aug 29, 2019 12:25pm Aug 29, 2019 12:25pm
Quoting DrDave
{quote} if you like to become a trader, well you have to know S/D.Utter nonsense! I once did some studying of S/D. Did I find it interesting? Yes. Did I find it a tool useful for helping me to make trade decisions? No. Do I use indicators? Yes--LAGGING ones.

S/D is a good thing to know

my trade entry and SlL was set up more than 24 H ago

no need to spend more than 15 - 20 min at your PC

PO the trade and it executes without you

This is the beauty of the beast

does this work all the time...hell no, nothing works all the time

right MM is key, if you make 4:1 even 8:1 some times its not necessary

how would you feel about this DR.Dave, I feel great

I remember spending countless hours to find a trade and than watch the trade....not anymore

my approach works with each pair and each TF and the best
I dont spend my time watching 3 or 4 trades
often I dont know they even triggered

like I have to do things, like dentist or shopping, whatever
going to the beach for a day

and yes I have losing trades, their is no holy grail that makes you a 100% winner, I promise you
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  • #3,433
  • Aug 29, 2019 12:26pm Aug 29, 2019 12:26pm
have to say I missed the trade 2 days earlier
did not take attention to it early enough
  • #3,434
  • Aug 29, 2019 12:33pm Aug 29, 2019 12:33pm
Hi all traders, I have several questions to ask.

1. If H4 chart show long/short, but daily chart show sideway. What should we do?

2. How to avoid sideway (crossover trade but go to opposite direction)? Any suitable indicator and how to use it?

BEST REGARDS,
Jeff
  • #3,435
  • Aug 29, 2019 12:42pm Aug 29, 2019 12:42pm
Quoting foureggs
{quote} S/D is a good thing to know my trade entry and SlL was set up more than 24 H ago no need to spend more than 15 - 20 min at your PC PO the trade and it executes without you This is the beauty of the beast does this work all the time...hell no, nothing works all the time right MM is key, if you make 4:1 even 8:1 some times its not necessary how would you feel about this DR.Dave, I feel great I remember spending countless hours to find a trade and than watch the trade....not anymore my approach works with each pair and each TF and the best...
I do not dispute that S/D is a good thing to know for many traders, because they use it. My remark is that contrary to what was written
Quote
f you like to become a trader, well you have to know S/D.
NO, knowing S/D is NOT a MUST to becoming a good trader!

I do not spend hours babysitting trades. I also put a SL TP and walk away. I have even posted before that I went shopping while the trade was running.

If your system is banking you $$ at the end of the year, great! Keep doing it. If it banks enough $$ at the end of the year to meet whatever goals you set, even better.
To free Gazans of Hamas, use whatever it takes.
  • #3,436
  • Aug 29, 2019 5:17pm Aug 29, 2019 5:17pm
Quoting reo4ua
Current trades 4h entry {image}
What cross indicator are you using?
  • #3,437
  • Aug 29, 2019 5:39pm Aug 29, 2019 5:39pm
Quoting Jefflee
Hi all traders, I have several questions to ask. 1. If H4 chart show long/short, but daily chart show sideway. What should we do? 2. How to avoid sideway (crossover trade but go to opposite direction)? Any suitable indicator and how to use it? BEST REGARDS, Jeff
Hi, imho,
1.
sideway? -> the D1 chart is showing that it is clear ranging (like rectangle shaped) with an upper and lower limit zone... for example, at the moment when you get the signal, PA is at the upper limit of the range (you need to define this, let say maybe within 10-15% of the upper limit zone), knowing the number of pips for SL for H4 TMSr short set up, you have to calculate whether the TP is still within the range, again we have to leave some leeway, let say 15-20% in case PA doesn't reach the max lower limit zone... and when W1 shows down trend, it would be preferable to trade short only... then that H4 TMSr setup is at least in line with D1 and W1... better probability

sideway?-> triangle on a D1, and W1 downtrend? i would wait for a clear LL and LC for D1 before entering only short H4 TMSr setup, at least then the trade will qualify as H4 in line with D1 and W1..

2.
Crossover trade but go to the opposite direction? hmmm... imho, nobody knows the future, thats why the best setup is when H4 is in line with D1 and W1... NC is example on above post 3430.. next is when H4 is at least in line with D1 only..
Indicator to see it? find using search option on previous posts made by SwingMan adx filtered hull ma crossing.. but i didn't use it as one can see it clearly on D1 in seconds.. for example following what Emm suggested when the previous W1 is trapped within hull ma and ema, no D1 and H4 trade in the week for that particular currency pair.. or using observation skills again, you can really see clearly APB/HA is not progressing up or down in seconds for D1... see recent UC D1 as a good example, thus better not trade H4 long setups unless your TP can be reached a little before that upper limit...
  • #3,438
  • Aug 29, 2019 6:52pm Aug 29, 2019 6:52pm
Quoting tillionaire
{quote} What cross indicator are you using?
https://www.forexfactory.com/showthr...4#post12461754


Overlayed with HMA Trend - Robinhood discussed how he uses this several pages back.
Blessed is the one who takes refuge in Him.
  • #3,439
  • Aug 29, 2019 8:41pm Aug 29, 2019 8:41pm
Quoting reo4ua
{quote} https://www.forexfactory.com/showthr...4#post12461754 Overlayed with HMA Trend - Robinhood discussed how he uses this several pages back.
I thought it could be another indicator since I already have it but the circles are not appearing.
  • #3,440
  • Aug 30, 2019 1:02am Aug 30, 2019 1:02am
NZDJPY

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Trade well.
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