1H Swing Trading on EURUSD | Page 5 | 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

  • #81
  • Jan 2, 2020 4:52am Jan 2, 2020 4:52am
Quoting Bororo
{image} hello BT, happy new yr! looking at the extremes to enter at tops or bottoms a trend line break might help to avoid. nice work!
Hi Bororo, Let's not discuss too much those trades as they are not part of the system traded here, but I understand your point.
Everyone has to make its own appreciation, Thanks
Simplicity is the Ultimate Sophistication.
  • #82
  • Jan 2, 2020 5:21am Jan 2, 2020 5:21am
Quoting broketrader
{quote} Hi Bororo, Let's not discuss too much those trades as they are not part of the system traded here, but I understand your point. Everyone has to make its own appreciation, Thanks
no p! green luck!
Rise or fall....a better me!
  • #83
  • Jan 2, 2020 5:49am Jan 2, 2020 5:49am
Thoughts for the next signal...

It looks like we are in the way to our next SELL signal but we must consider the following:

 

  1. The swing from the previous top to this signal (if there is one) will be quite big, certainly more than 80 pips !
  2. 1.1168 and 1.1150 are previous recent daily tops and they will act as support.
  3. A daily down trend-line dating from 2018 has just been broken recently with its level actually near 1.1150 (support).


My feeling right now is that we will breach the MA-100, eventually also the trend-line, but that MSRSI won't agree suggesting a false breakout, maybe a good moment to close my shorts and risk a long trade but it's too early to say now.

Here is the current situations and my trend lines:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB
Simplicity is the Ultimate Sophistication.
  • #84
  • Jan 2, 2020 11:12am Jan 2, 2020 11:12am
The strong rejection at trend-line and MA100 both at the same level made me close my shorts just to re-enter them again.

Now it seems that we are crossing lower and if successful, we could test 1.1150.
MSRSI still says No Sell.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
Simplicity is the Ultimate Sophistication.
  • #85
  • Jan 3, 2020 1:59am Jan 3, 2020 1:59am
a bit of a late entry.....
Attached Image (click to enlarge)
Click to Enlarge Name: EU2.jpg Size: 112 KB
Rise or fall....a better me!
  • #86
  • Jan 3, 2020 2:38am Jan 3, 2020 2:38am
Interesting thread, following
Building a Freedom All Time Return: 5,178.8%
  • #87
  • Jan 3, 2020 2:49am Jan 3, 2020 2:49am
Good morning everyone!

We had our Sell signal (BB') hours ago, sorry for being late, I'm also some 15 pips late in my trade but I also need to sleep ;-)

The price was so glued to the trend-line and MA100 that I thought that we were rebounding from there until MSRSI crossed the 60 line, which on my chart is at 1.1172, and took everyone with it ;-)

The next resistances I see are at 1.1150 (daily top), 1.1130 (day down trend-line) and 1.1100 (4H trend line).
Keep in mind that while trading the 1 hour and sticking to our signals, it's still important to be aware of what's happening elsewhere.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
Simplicity is the Ultimate Sophistication.
  • #88
  • Jan 3, 2020 2:52am Jan 3, 2020 2:52am
Quoting J1mm
Interesting thread, following
Thanks! Hope you will enjoy!
Simplicity is the Ultimate Sophistication.
  • #89
  • Jan 3, 2020 4:12am Jan 3, 2020 4:12am
Here is a new version of MyStochRSI for MT4, which does the calculation on the correct and needed bars instead of a limited number of them as V2 does.
Sorry, it has been a lot of time since I have coded for MT4.

Attached File(s)
File Type: mq4 MyStochRSIv3.mq4   10 KB | 1,229 downloads
Simplicity is the Ultimate Sophistication.
  • #90
  • Jan 3, 2020 4:33am Jan 3, 2020 4:33am
Quoting broketrader
Here is a new version of MyStochRSI for MT4, which does the calculation on the correct and needed bars instead of a limited number of them as V2 does. Sorry, it has been a lot of time since I have coded for MT4. {file}
I'm not sure why but when I go to download this file it shows as a "text document".
  • #91
  • Jan 3, 2020 4:36am Jan 3, 2020 4:36am
Wow, today have one setup but today is Friday..... Will try make one at next week.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 103 KB
Keep the faith and keep going
  • #92
  • Jan 3, 2020 5:04am Jan 3, 2020 5:04am
Quoting bojack34
{quote} I'm not sure why but when I go to download this file it shows as a "text document".
Try, right-click and then save as...
Simplicity is the Ultimate Sophistication.
  • #93
  • Jan 3, 2020 5:12am Jan 3, 2020 5:12am
Quoting Niily
Wow, today have one setup but today is Friday..... Will try make one at next week. {image}
Yes, Fridays are sometimes messy, their particularity is that they end the week and 1 out of 4, the month. I have seem sometimes trends reversing that day, in particular during the NY session.

So I will be watching closely the NY session to see if the guys there confirm the current wave down or if they want to put the mess again ;-)

In any case, it's good to be conservative and prudent
Simplicity is the Ultimate Sophistication.
  • #94
  • Jan 3, 2020 5:19am Jan 3, 2020 5:19am
Quoting Bororo
a bit of a late entry..... {image}
Yes, but still better than mine Take care of your running profits !
Simplicity is the Ultimate Sophistication.
  • #95
  • Jan 3, 2020 7:08am Jan 3, 2020 7:08am
Price rejected at 1.1130 at the daily trend-line and 30 min before NY open.
Had to close my shorts as I entered a bit late and then got half long position.
Let's see if this is only resistance rejection or a reversal...
Simplicity is the Ultimate Sophistication.
  • #96
  • Jan 3, 2020 2:06pm Jan 3, 2020 2:06pm
Well, I will leave it for today, again, a bit of over-trading but that will return to normal from Monday.
Could have done far better for sure but with $5 loss for the day, I'm still happy.
Time to profit from the weekend and prepare for the next swing.
Simplicity is the Ultimate Sophistication.
  • #97
  • Jan 4, 2020 2:46am Jan 4, 2020 2:46am
Quoting broketrader
Price rejected at 1.1130 at the daily trend-line and 30 min before NY open. Had to close my shorts as I entered a bit late and then got half long position. Let's see if this is only resistance rejection or a reversal...
Hi broketrader, brilliant thread!

I have a question, would you consider re-entering a short position if the price is rejected again by MA100? I know it was Friday but if that was Tuesday or Wednesday, what would you do? Thank you!

Attached Image (click to enlarge)
Click to Enlarge Name: zlRXBgWL.png Size: 104 KB
  • #98
  • Jan 4, 2020 8:02am Jan 4, 2020 8:02am
Quoting 24moonbridge
{quote} Hi broketrader, brilliant thread! I have a question, would you consider re-entering a short position if the price is rejected again by MA100? I know it was Friday but if that was Tuesday or Wednesday, what would you do? Thank you! {image}
Hi 24moonbridge, thank you, glad you appreciate!

It's always easier to say it later than during the session, the dynamics are different and the emotions too and this always alter your judgement.

But in that particular setup, I see two possible scenarios.

  1. You were aware of the 1.1130 support and you took your profits there and if price gets back to your sell point at 1.1170, then you sell again, knowing that you are anyway "in sync" with your signal, so all fine.
    .
  2. You didn't take any profits yet, then you shouldn't re-enter knowing that you have already a trade that is almost at break-even or even in a loss.
    Moreover, that retracement looks more like a reversal impulse than a simple retracement. Of course at this time we still don't know but it should at least lead to caution.

So for me, the best possible trade here is the scenario 1, eventually with a tight stop loss above the high of the swing. Otherwise it's better to just forget and wait the next Swing.

Simplicity is the Ultimate Sophistication.
  • #100
  • Jan 4, 2020 11:40am Jan 4, 2020 11:40am
Quoting Slingshots1
Nice one BT its a job well done i have these add ons in case of issues like drawing trendlines grail and the arrow stuff to signal a hundred cross over the fibo lines can be downloaded at MARKET MQL5 .Greenpips 2020 {file} {image} {image} {file} {image} {image}
Apparently you didn't take the time to read the first post before posting your crap.
What have your Fibos and Grail Indi to do with the system ? Nothing! You are out.
Simplicity is the Ultimate Sophistication.
1 trader viewing now