1H Swing Trading on EURUSD | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, EUR/JPY

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: 1H Swing Trading on EURUSD
Exit Attachments

1H Swing Trading on EURUSD

  • #22
  • Dec 26, 2019 11:28am Dec 26, 2019 11:28am
Quoting fxtr84
Neatly. The trend is down. {image}
I don't see the point of posting that, but if you think your views and or system are way better, you should open your own thread, a lot of people would be happy to follow.
Simplicity is the Ultimate Sophistication.
  • #23
  • Dec 26, 2019 1:02pm Dec 26, 2019 1:02pm
BT, your Account info looks quite good. Shows how you have successfully built this method. Congrats.
  • #24
  • Dec 26, 2019 1:20pm Dec 26, 2019 1:20pm
Quoting diamonddbw
BT, your Account info looks quite good. Shows how you have successfully built this method. Congrats.
Yes, well, I messed a bit at the beginning as I hadn’t all the rules and parameters in place and also took far riskier trades which shouldn’t be taken as an example but I think the dust has settled now.

But having a method built is not the end, just the beginning, I will try and hope that I will be able to trade it during the whole 2020, that would really mean something for me.

Thanks for the post and let's try to all have a successful trading year 2020 !
Simplicity is the Ultimate Sophistication.
  • #25
  • Edited 3:29pm Dec 26, 2019 3:15pm | Edited 3:29pm
Here we are, at the exact moment where all three indicators give us a Buy signal.

As said earlier in post #20, I won't enter a new trade right now as I already have a running long trade. Instead I will try to get the Opportunity trade @ 1,1090 with a limit order (for the night here in Europe) which is about 20 pips from recent top. I choose that level completely arbitrarily looking at recent swings and also because it's still above the recent broken trend line. Maybe tomorrow morning, looking at price action, I could reconsider that level, we'll see...

Here's the chart were we can see that both MA100 and trend line were crossed and MSRSI @ 40+

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 67 KB


Valid AA' Buy signal.
Simplicity is the Ultimate Sophistication.
  • #26
  • Dec 27, 2019 3:15am Dec 27, 2019 3:15am
Good morning everyone,

It looks like the signal was valid ;-) Unfortunately, my Opportunity trade didn't trigger, the pullback was only ~15 pips, I missed it by 5 pips, well, that's life, great that I didn't forgot to place the stop trade on the back up.

Now it's the time to protect my initial trade with a stop loss so I have only one trade exposed, and let the price run it's course.
The MA100 will soon start pointing the north and I expect the price to pull back to it and that maybe the time to add an additional trade, I will judge at that moment...

On the news front, no major event (FOMC or NFP) today and next week so the sky is clear, we shouldn't have any important disturbance from that side.

Adding a chart for the records.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
Simplicity is the Ultimate Sophistication.
  • #27
  • Dec 27, 2019 6:48am Dec 27, 2019 6:48am
I've crunched the numbers for 2019. Using a 100p TP, & 65p SL, letting the trades run until either TP, SL or reverse entry is hit. I went through the entire year 3 times to find any errors.
Total Pips

+ 2793
100 + 59 + 100 + 70 + 77 + 100 + 15 + 9 + 100 + 15 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 3 + 63 + 24 + 100 + 100 + 100 + 100 + 100 + 100 + 24 + 34 + 100 + 100 + 100

- 931
33 + 21 + 65 + 14 + 65 + 25 + 65 + 53 + 65 + 41 + 48 + 5 + 17 + 39 + 26 + 65 + 37 + 8 + 29 + 43 + 34 + 37 + 31 + 65

This is a slight deviation from BT's criteria, but it shows the value of his method. The average is about 30 pips per week, without spending your life in the "Men/Women Who Stare at Charts" club.

Anxious to hear what others have found.
  • #28
  • Dec 27, 2019 7:32am Dec 27, 2019 7:32am
Quoting diamonddbw
I've crunched the numbers for 2019. Using a 100p TP, & 65p SL, letting the trades run until either TP, SL or reverse entry is hit. I went through the entire year 3 times to find any errors. Total Pips + 2793 100 + 59 + 100 + 70 + 77 + 100 + 15 + 9 + 100 + 15 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 100 + 3 + 63 + 24 + 100 + 100 + 100 + 100 + 100 + 100 + 24 + 34 + 100 + 100 + 100 - 931 33 + 21 + 65 + 14 + 65 + 25 + 65 + 53 + 65 + 41 + 48 + 5 + 17 + 39 + 26 + 65 + 37 + 8 + 29 + 43 + 34 + 37 + 31 + 65 This is a slight deviation...
Don't be anxious, lol, but instead Relax ;-)

I think that everyone can, or has to, adapt the system to his own needs, style and expectations and then look by himself to what (s)he gets.

So all good and thanks for the contribution.
Simplicity is the Ultimate Sophistication.
  • #29
  • Dec 27, 2019 8:29am Dec 27, 2019 8:29am
Thanks for system broketrader! Does anyone have an mq4 (open source) version of this indi?
  • #30
  • Dec 27, 2019 9:04am Dec 27, 2019 9:04am
Quoting nixxx
Thanks for system broketrader! Does anyone have an mq4 (open source) version of this indi?
Thank you!

It looks like it's hard to find one and I'm not sure of the accuracy of the one I gave the link previously.
So the best is that I will write one and publish the code here, just give me a bit of time for it...
Simplicity is the Ultimate Sophistication.
  • #31
  • Dec 27, 2019 9:49am Dec 27, 2019 9:49am
Attached File(s)
File Type: ex4 TSO Stochastic RSI.ex4   194 KB | 895 downloads
  • #32
  • Edited 3:09pm Dec 27, 2019 10:47am | Edited 3:09pm
Quoting nixxx
Thanks for system broketrader! Does anyone have an mq4 (open source) version of this indi?
Here is the version I made, it gives a slightly different result than TSO, which one is better ? But you have the source code to play with.

Attached File(s)
File Type: mq4 MyStochRSI.mq4   11 KB | 852 downloads



Edit:

Here is a better updated Indicator version, please use this one instead.

Attached File(s)
File Type: mq4 MyStochRSIv2.mq4   10 KB | 1,570 downloads
Simplicity is the Ultimate Sophistication.
  • #33
  • Edited 2:07pm Dec 27, 2019 1:32pm | Edited 2:07pm
Who could think that this thing would sky-rocket like this after the entry call ?

Given the recent run-up and with 2+ months of profits target on the table I'm closing my positions before the weekend.

Edit: I couldn't resist to enter a trade in opposite direction now. I think that we should travel lower in direction of the MA100 and given the current level of MSRSI, this could very well be a top. we will see...
Simplicity is the Ultimate Sophistication.
  • #34
  • Dec 27, 2019 3:10pm Dec 27, 2019 3:10pm
MyStochRSI indicator updated, please see post 32.
Simplicity is the Ultimate Sophistication.
  • #35
  • Dec 27, 2019 7:05pm Dec 27, 2019 7:05pm
Got in Dec 24th based on Stochastic I came up with because could not find anything like the suggested.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trade Dec 24.png Size: 74 KB
  • #36
  • Dec 27, 2019 10:14pm Dec 27, 2019 10:14pm
Hi BT.

I'm already enjoying following along with your thread although I trade very differently.

I hope you can stay on track and profit greatly from your system in 2020.

It seems we share the same signature, too.

Cheers
Anthony
Empty your mind and let the market guide you
  • #37
  • Dec 27, 2019 11:23pm Dec 27, 2019 11:23pm
Interesting, The MA 100 you mentioned is Simple MA ?
Keep the faith and keep going
  • #38
  • Dec 28, 2019 1:57am Dec 28, 2019 1:57am
Quoting diamonddbw
Got in Dec 24th based on Stochastic I came up with because could not find anything like the suggested. {image}
Hi Diamond, what is the platform you use ?
Simplicity is the Ultimate Sophistication.
  • #39
  • Dec 28, 2019 2:08am Dec 28, 2019 2:08am
Quoting SunnyCoast
Hi BT. I'm already enjoying following along with your thread although I trade very differently. I hope you can stay on track and profit greatly from your system in 2020. It seems we share the same signature, too. Cheers Anthony
Hi Sunny!

Glad you enjoy the thread, be cool with the popcorn, I don't want to be responsible of any diet issue ;-)

And thanks for the wishes, yes I will try to stay on track, this time I have Mr Da Vinci watching over my shoulder so I have to be serious...

Nice signature you have there ;-) It's my new Mantra to not forget to keep things simple!

Thank you! I hope you will have a great year too !!!
Simplicity is the Ultimate Sophistication.
  • #40
  • Dec 28, 2019 2:08am Dec 28, 2019 2:08am
Quoting Niily
Interesting, The MA 100 you mentioned is Simple MA ?
Hi Niily, yes it's Simple MA
Simplicity is the Ultimate Sophistication.
0 traders viewing now