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Simple Monday-Tuesday System (attached calculator)

  • #361
  • Feb 24, 2020 6:40pm Feb 24, 2020 6:40pm
Quoting Erebus
Quite a 1-day move on the USA stock market, cut right through the 20 days low, new trends starting? {image}
Yeah analyst are blaming the corona virus for this sell off as traders are realising the negative impact of stocks. I am selling the shit outta United Airlines stock as their quarterly earning will be shit come next reporting period
  • #362
  • Feb 24, 2020 6:43pm Feb 24, 2020 6:43pm
The virtual Snickers bar is still available



Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #363
  • Feb 24, 2020 8:01pm Feb 24, 2020 8:01pm
Thanks 4ecstasy and Erebus for an elegant and simple method, will be trading this live tomorrow

NZDUSD based on last week,

Entry at High+25% / Low-25% (Blue dotted lines)
SL at 50% of range (Red dotted lines)
TP 1:1 and 1:2 (green lines)

Trust my understanding is right
Attached Image (click to enlarge)
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  • #364
  • Feb 24, 2020 8:55pm Feb 24, 2020 8:55pm
Quoting yieldplay
Thanks 4ecstasy and Erebus for an elegant and simple method, will be trading this live tomorrow NZDUSD based on last week, Entry at High+25% / Low-25% (Blue dotted lines) SL at 50% of range (Red dotted lines) TP 1:1 and 1:2 (green lines) Trust my understanding is right {image}
Very nice chart, is that online or something else? Get rid of the MA's and you're naked.

Yes, that looks spot on for the entry, stop loss and take profit you mentioned.

I'm tending to a quicker entry as close to the high and low as I can, here my view of the daily.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #365
  • Feb 24, 2020 8:59pm Feb 24, 2020 8:59pm
Quoting Erebus
{quote} Very nice chart, is that online or something else? Get rid of the MA's and you're naked. Yes, that looks spot on for the entry, stop loss and take profit you mentioned. I'm tending to a quicker entry as close to the high and low as I can, here my view of the daily. {image}
I like the way you have that set up.
Learn from your mistakes and march on.
  • #366
  • Feb 24, 2020 9:09pm Feb 24, 2020 9:09pm
Quoting Erebus
{quote} Very nice chart, is that online or something else? Get rid of the MA's and you're naked. Yes, that looks spot on for the entry, stop loss and take profit you mentioned. I'm tending to a quicker entry as close to the high and low as I can, here my view of the daily. {image}
Thanks Erebus, using Tradingview, works a treat on mobile as well
Still leaning towards using MA as a guide, that's 10 and 20EMA from Dale

You are using +10pips off the highs/lows?
  • #367
  • Feb 24, 2020 9:10pm Feb 24, 2020 9:10pm
Quoting here2there
{quote} I like the way you have that set up.
thanks bud, TradingView script: Day of Week to highlight the days and just 10 and 20 EMA
  • #368
  • Feb 24, 2020 10:59pm Feb 24, 2020 10:59pm
Hay sir.
What if we make a telegram channel chat. That Will be more interesting and on time to update the strategy.

Best regard
Stay Hungry Stay Folish
  • #369
  • Feb 24, 2020 10:59pm Feb 24, 2020 10:59pm
I give up on setting up my Fibs on MT4. If anyone on here is using MT4 and has a Fib Indi that they use with this strategy, will you please share? TY. I'm trying to get a indi that will set up the fibs like how Erebus has shown in his examples. They are nice and clean. Unfortunately he is using MT5 Mobile.
  • #370
  • Feb 24, 2020 11:14pm Feb 24, 2020 11:14pm
Quoting yieldplay
{quote} Thanks Erebus, using Tradingview, works a treat on mobile as well Still leaning towards using MA as a guide, that's 10 and 20EMA from Dale You are using +10pips off the highs/lows?
No, not pips, percentage

The Fibonacci Tool has a range of 0 to 1, in the settings

These are the points when drawing the Fibs from High to Low

The range between high and low, between 0 to 1, could be anything, but it's 100%

So, a setting of 1.15 and -0.15 will draw a line 15% away from the 0 line and the 1 line

Every pair will be different, the greater the range between high and low, the greater the distance between the 0 line and the -0.15 line, same for the 1 line and the 1.15 line.

Automatically adjusts for volatility

Hope that helps.
It takes a lot for me to IGNORE you, but you can try.
  • #371
  • Feb 24, 2020 11:17pm Feb 24, 2020 11:17pm
Quoting bojack34
I give up on setting up my Fibs on MT4. If anyone on here is using MT4 and has a Fib Indi that they use with this strategy, will you please share? TY. I'm trying to get a indi that will set up the fibs like how Erebus has shown in his examples. They are nice and clean. Unfortunately he is using MT5 Mobile.
It's the same for MT4, don't know where you are going wrong

It takes a lot for me to IGNORE you, but you can try.
  • #372
  • Feb 24, 2020 11:53pm Feb 24, 2020 11:53pm
Quoting Erebus
{quote} No, not pips, percentage The Fibonacci Tool has a range of 0 to 1, in the settings These are the points when drawing the Fibs from High to Low The range between high and low, between 0 to 1, could be anything, but it's 100% So, a setting of 1.15 and -0.15 will draw a line 15% away from the 0 line and the 1 line Every pair will be different, the greater the range between high and low, the greater the distance between the 0 line and the -0.15 line, same for the 1 line and the 1.15 line. Automatically adjusts for volatility Hope that helps....
Hey buddy hope the recovery is going well, U still using 25% of the range for entry ? Or U going to drop it to 15% ?
  • #373
  • Feb 24, 2020 11:53pm Feb 24, 2020 11:53pm
Quoting bojack34
I give up on setting up my Fibs on MT4. If anyone on here is using MT4 and has a Fib Indi that they use with this strategy, will you please share? TY. I'm trying to get a indi that will set up the fibs like how Erebus has shown in his examples. They are nice and clean. Unfortunately he is using MT5 Mobile.
I'm on MT4 and it was easy to do ?
I'm not sure how I can save it as a indicator to share tho is that possible ?
  • #374
  • Feb 24, 2020 11:56pm Feb 24, 2020 11:56pm
Quoting Erebus
{quote} It's the same for MT4, don't know where you are going wrong
I got it figured out as much as i'm going to. I never used Fibs before so i'm not familiar with them at all. I know a little bit about how to use them but I've never done it. Any way, I have all my levels set. I will just have to go through each pair individually and set up the fibs for each of them. I thought that there might be an indicator out there that would allow you to select Dates/Times and do this for you. With as popular fibs are i'm suprised there isn't. Either way, I got it.

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  • #375
  • Feb 25, 2020 12:02am Feb 25, 2020 12:02am
Quoting Erebus
{quote} No, not pips, percentage The Fibonacci Tool has a range of 0 to 1, in the settings These are the points when drawing the Fibs from High to Low The range between high and low, between 0 to 1, could be anything, but it's 100% So, a setting of 1.15 and -0.15 will draw a line 15% away from the 0 line and the 1 line Every pair will be different, the greater the range between high and low, the greater the distance between the 0 line and the -0.15 line, same for the 1 line and the 1.15 line. Automatically adjusts for volatility Hope that helps....
That clear things up, so instead of originally .25 you are using .15
Cheers mate, yes i agree, adjusts for volatility, we are on the same page
  • #376
  • Feb 25, 2020 12:02am Feb 25, 2020 12:02am
Quoting yieldplay
{quote} thanks bud, TradingView script: Day of Week to highlight the days and just 10 and 20 EMA
Actually, I installed that a couple of days ago

How to get rid of the Volume bars?

And how to change pairs quickly?

I see a Watch List, but have to rotate to vertical and back horizontal

Anyway, trading from Metatrader not Trading View so no big deal



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It takes a lot for me to IGNORE you, but you can try.
  • #377
  • Feb 25, 2020 12:05am Feb 25, 2020 12:05am
Will anyone be keen on this?
I have a spreadsheet that automatically calculates the Highest High and Lowest Low
Can place a screenshot here on Wednesday morning if it helps

This is sample based off last Monday/Tues Highest High, Lowest Low
Attached Image
  • #378
  • Feb 25, 2020 12:09am Feb 25, 2020 12:09am
Quoting yieldplay
Will anyone be keen on this? I have a spreadsheet that automatically calculates the Highest High and Lowest Low Can place a screenshot here on Wednesday morning if it helps This is sample based off last Monday/Tues Highest High, Lowest Low {image}
Looks great very helpful
  • #379
  • Feb 25, 2020 12:09am Feb 25, 2020 12:09am
Quoting Erebus
{quote} Actually, I installed that a couple of days ago How to get rid of the Volume bars? And how to change pairs quickly? I see a Watch List, but have to rotate to vertical and back horizontal Anyway, trading from Metatrader not Trading View so no big deal {image}
i loaded a new chart to test it out, if you look at the top left corner where the down arrow is you will see Vol (for volume).
Click on it and press the X and it will go away

On mobile, to change pairs quickly just click on watchlist, choose the pair that you want and it will bounce back to chart tab, hope that helps
Attached Image (click to enlarge)
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  • #380
  • Feb 25, 2020 12:11am Feb 25, 2020 12:11am
Quoting PhillipmC
{quote} Looks great very helpful
let me put it up tomorrow morning, waiting for wednesday is really an exercise in discipline
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