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1H Swing Trading on EURUSD

  • #41
  • Dec 28, 2019 2:22am Dec 28, 2019 2:22am
Hi Broketrader, thank you for sharing your idea here, please check my uploaded chart, is it correctly following your system?, thanks
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  • #42
  • Dec 28, 2019 2:39am Dec 28, 2019 2:39am
Hi Broketrader, thanks!!!!
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  • #43
  • Dec 28, 2019 3:27am Dec 28, 2019 3:27am
Interesting. I will try it. Good work!
  • #44
  • Dec 28, 2019 4:02am Dec 28, 2019 4:02am
Quoting valseva
Hi Broketrader, thanks!!!! {image}
If you find at least one good set up and enter one lot per trade you can make OVER $800.00 per week in similar moves.
Congrat for you trade.
  • #45
  • Dec 28, 2019 5:58am Dec 28, 2019 5:58am
Quoting broketrader
{quote} Hi Diamond, what is the platform you use ?
++++++++++++++++++

MT4. 100 Stochastic with 100sma overlapped. It very closely matches many of the set ups on your charts.

I may have to expand my Tradingview knowledge, so I can match your set ups.
  • #47
  • Dec 28, 2019 6:14am Dec 28, 2019 6:14am
Quoting ohm
Hi Broketrader, thank you for sharing your idea here, please check my uploaded chart, is it correctly following your system?, thanks {image}
Do I see double, or are there 2 averages instead of one ?

Quoting valseva
Hi Broketrader, thanks!!!! {image}
I see that you integrated this, or part of this in your own system, well done ! Hope it will help you to trade better.

Quoting landorra
Interesting. I will try it. Good work!
Thanks and Good luck!

Quoting Bachata
{quote} If you find at least one good set up and enter one lot per trade you can make OVER $800.00 per week in similar moves. Congrat for you trade.
Please stop and avoid giving that kind of advice, not in this thread !

You are suggesting that it's possible to find good setups "If you find...", let me tell you that YOU CAN'T, period.

A good trade is only good when it terminates in profit like we had the chance to see in our last trade.

At the time the setup is there and that all the conditions are met, what you have is only a setup, nothing more, because you don't know if price will go in your favor 5 pips and then reverse 50.

In this last trade, I didn't expect at all that price was going to sky-rocket in that way, it has been almost a straight line during the day, why it went like that, I don't know and I don't care and nobody including you and myself could have said at that exact moment, please see post #25 that it was THE good setup.

And don't make me wrong, I don't want to hurt you, just want to make things clear for everyone.
Simplicity is the Ultimate Sophistication.
  • #48
  • Dec 28, 2019 6:18am Dec 28, 2019 6:18am
Quoting diamonddbw
{quote} ++++++++++++++++++ MT4. 100 Stochastic with 100sma overlapped. It very closely matches many of the set ups on your charts. I may have to expand my Tradingview knowledge, so I can match your set ups.
I encourage you to use TradingView, you have to play a bit with it but it's easy, you will see. Once I got used to it, I never went back to MT4 to look for a chart.
Create an account there (which is free) so you can save your chart layout and if you need help, let me know.
Simplicity is the Ultimate Sophistication.
  • #49
  • Dec 28, 2019 6:53am Dec 28, 2019 6:53am
Quoting broketrader
{quote} I encourage you to use TradingView, you have to play a bit with it but it's easy, you will see. Once I got used to it, I never went back to MT4 to look for a chart. Create an account there (which is free) so you can save your chart layout and if you need help, let me know.

Never Tradingview. It doesn't have basic fundamental Bill Williams indicators which are built in MT4 and MT5. one of those very basic indicators is Fractal.

Once they have it I will look at it.
  • #50
  • Dec 28, 2019 7:03am Dec 28, 2019 7:03am
To be fair (Letterkenny), the trade I showed had a late entry, which is why it made it all the way to 100. And, as BT said, that type of a slow, steady climb, is not normal (as if there exists any normalcy in the world of trading).

When a potential opportunity presents itself, you have 3 choices, take it, don't take it, or standby and shrug your shoulders. If you find yourself choosing the last option, most of the time, success will be fleeting.
  • #51
  • Dec 28, 2019 7:04am Dec 28, 2019 7:04am
Quoting YYZ
{quote} Never Tradingview. It doesn't have basic fundamental Bill Williams indicators which are built in MT4 and MT5. one of those very basic indicators is Fractal. Once they have it I will look at it.
Well, I typed Bill Williams in the indicator box and that's what I got, is the one you're looking at there ?

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Simplicity is the Ultimate Sophistication.
  • #52
  • Dec 29, 2019 9:30am Dec 29, 2019 9:30am
Hi everyone,

I hope that you are having a nice weekend and holiday season.

I took some time to re-read and reformat the first post, you can have a look at it if you want but in short, I just added a sentence regarding the Exit as I didn't say too much about that before, here it is:

 

  1. You exit the trade either when you are happy with your current profits or on a contrary signal. Also note that MSRSI approaching the 5 or 95 level is a clear signal that an incoming correction is due, so act accordingly.


Keep in mind that this is not written in stone, so if you have 20 pips profits and want to get out and are happy with, it's all OK!

There was also a question about why my current sell, that doesn't fit any rule.

That's true and as I said in post #20, I sometimes enter a trade when I feel that we are at a peak or that a peak is being tested, some times these trades work and sometimes not, so please don't put too much importance on them.

Regarding the current sell trade, I must admit that I went in, I think a bit too early, so if the price floats above 1.1175-1.1180 in incoming trading hours, I will certainly exit and wait for some kind of confirmation of the top before maybe entering again, but again, this is extra personal stuff that I like to play with, that I share transparently and which am open to discuss but it's not in direct relation with the system at play here, please take note of it.

Simplicity is the Ultimate Sophistication.
  • #53
  • Dec 29, 2019 12:52pm Dec 29, 2019 12:52pm
Quoting valseva
Hi Broketrader, thanks!!!! {image}


@Valseva...can you share your template...thanks
  • #54
  • Dec 29, 2019 7:23pm Dec 29, 2019 7:23pm
Interesting thread on H1 strategy. subscribed
  • #55
  • Dec 30, 2019 4:32am Dec 30, 2019 4:32am
Hi Broketrader

Regarding the current sell trade, I must admit that I went in, I think a bit too early, so if the price floats above 1.1175-1.1180 in incoming trading hours, I will certainly exit and wait for some kind of confirmation of the top before maybe entering again, but again, this is extra personal stuff that I like to play with, that I share transparently and which am open to discuss but it's not in direct relation with the system at play here, please take note of it.[/quote]

About this short trade, it is interesting that I often also had this kind of reaction and would enter a trade without a signal. Invariably I was wrong.

I have enjoyed your thread and have posted my system here just to show, and I'm going to continue to follow your thread to see how well my signals match yours. As you can see I don't have a sell signal, but I am having a take profit signal flashing on and off. Best of Luck for the new year ahead.

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  • #58
  • Edited 5:51am Dec 30, 2019 5:39am | Edited 5:51am
Quoting derekw
About this short trade, it is interesting that I often also had this kind of reaction and would enter a trade without a signal. Invariably I was wrong. I have enjoyed your thread and have posted my system here just to show, and I'm going to continue to follow your thread to see how well my signals match yours. As you can see I don't have a sell signal, but I am having a take profit signal flashing on and off. Best of Luck for the new year ahead. {image}
Thanks and good luck with your system too !
Simplicity is the Ultimate Sophistication.
  • #59
  • Dec 30, 2019 7:01am Dec 30, 2019 7:01am
[/quote] About this short trade, it is interesting that I often also had this kind of reaction and would enter a trade without a signal. Invariably I was wrong. I have enjoyed your thread and have posted my system here just to show, and I'm going to continue to follow your thread to see how well my signals match yours. As you can see I don't have a sell signal, but I am having a take profit signal flashing on and off. Best of Luck for the new year ahead. {image}[/quote]

Could you please share your template and indicators? Looks good!
  • #60
  • Dec 30, 2019 7:08am Dec 30, 2019 7:08am
Hi Akolva

Perhaps another time as this thread is not about my system. Hope you understand.
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