The trend line was broken, it's a bit early to be in but I'm in lightly, and plan to add if SRSI improves and that we don't see a new low...
Simplicity is the Ultimate Sophistication.
- #282
- Mar 23, 2020 6:20am Mar 23, 2020 6:20am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
We are again under trend line and it's again acting as resistance .
On the 5 min. front, we had a low at 1.0638 marked by a SRSI168 low.
If a new SRSI-168 low doesn't makes a lower low, then it could be a good opportunity to add a long...
On the 5 min. front, we had a low at 1.0638 marked by a SRSI168 low.
If a new SRSI-168 low doesn't makes a lower low, then it could be a good opportunity to add a long...
Simplicity is the Ultimate Sophistication.
- #283
- Mar 23, 2020 7:27am Mar 23, 2020 7:27am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Simplicity is the Ultimate Sophistication.
- #285
- Mar 23, 2020 11:59pm Mar 23, 2020 11:59pm
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Yeah! Nice move while asleep !
Seeing EU weakening yesterday evening, I was thinking about a fake movement but now the signal validates my early entries.
Again, 20-8 was a very nice trend that traveled 500 pips over 13 days. I didn't trade it perfectly given the early and heavy positions I took but I still managed to make a new high on my account, so I'm happy because of that and also because I see some progress with my trading.
The plan for the next trade is to enter using the waves principle I explained in post #276
The Wave Zero or Signal Wave is done, waiting now Wave One to add to position...
Seeing EU weakening yesterday evening, I was thinking about a fake movement but now the signal validates my early entries.
Again, 20-8 was a very nice trend that traveled 500 pips over 13 days. I didn't trade it perfectly given the early and heavy positions I took but I still managed to make a new high on my account, so I'm happy because of that and also because I see some progress with my trading.
The plan for the next trade is to enter using the waves principle I explained in post #276
The Wave Zero or Signal Wave is done, waiting now Wave One to add to position...
Simplicity is the Ultimate Sophistication.
Yeah! Nice move while asleep ! Seeing EU weakening yesterday evening, I was thinking about a fake movement but now the signal validates my early entries. Again, 20-8 was a very nice trend that traveled 500 pips over 13 days. I didn't trade it perfectly given the early and heavy positions I took but I still managed to make a new high on my account, so I'm happy because of that and also because I see some progress with my trading. {image} The plan for the next trade is to enter using the waves principle I explained in post #276...
P.s
You have made 2020 for the likes of me!
Bororo
Rise or fall....a better me!
- #287
- Mar 24, 2020 2:10am Mar 24, 2020 2:10am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
{quote} Hey broketrader! Still in love with the system! Kindly assist i n the link to the 15m Indicator that shows the early entry. I have searched to no avail. Thanks P.s You have made 2020 for the likes of me! Bororo
Glad you enjoy it, the indicator is at post #271, keep in mind that it's for TradingView only.
I'm not updating it for MT4 but you can get the one at post #118 and change the input parameters to 168, 168, 10, 10, on the 5 min. time frame and have the same result, just be careful as it will freeze temporarily the terminal at beginning if you have too much bars in the chart.
Simplicity is the Ultimate Sophistication.
- #288
- Mar 25, 2020 5:32am Mar 25, 2020 5:32am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Wave 1 completed.
I have this annoying tendency to enter too early because of the fear off missing out the trade. Hopefully I entered small at the beginning and bigger at bottom of the wave. I just removed my bad entries now that we are at top of it, maybe will add more at wave 2 and if so, try to do better...
I have this annoying tendency to enter too early because of the fear off missing out the trade. Hopefully I entered small at the beginning and bigger at bottom of the wave. I just removed my bad entries now that we are at top of it, maybe will add more at wave 2 and if so, try to do better...
Simplicity is the Ultimate Sophistication.
- #290
- Mar 25, 2020 11:51am Mar 25, 2020 11:51am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Hey there, I'm new to this strategy and I can't figure out how to display the SMA on the 5m chart on tradingview. Do you use the same file attached in the thread on both chart 5m and h1, or you're using a different setting for the 5m?
Edit: Corrected file
Simplicity is the Ultimate Sophistication.
- #291
- Mar 25, 2020 12:14pm Mar 25, 2020 12:14pm
- Joined Oct 2012 | Status: Trader | 1,696 Posts
No more entries, I need to relax a bit now. I got all my entries as planned, in waves 0,1 and 2.
On wave 2, this time I did very well! waited until almost last moment and even felt that the low below the trend line was a fake so I immediately took 1.2 lots just to see the price rocket 40+ pips just after that.
I just hope now that the trend gets some momentum, I will try to ride it to the end...
On wave 2, this time I did very well! waited until almost last moment and even felt that the low below the trend line was a fake so I immediately took 1.2 lots just to see the price rocket 40+ pips just after that.
I just hope now that the trend gets some momentum, I will try to ride it to the end...
Simplicity is the Ultimate Sophistication.
- #293
- Mar 25, 2020 2:24pm Mar 25, 2020 2:24pm
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Simplicity is the Ultimate Sophistication.
- #295
- Mar 26, 2020 4:29am Mar 26, 2020 4:29am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Simplicity is the Ultimate Sophistication.
- #297
- Mar 27, 2020 2:29am Mar 27, 2020 2:29am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Wow! I was hoping for some momentum after my last entry just to see this thing skyrocket 250+ pips in a single day ! That was some momentum !
It looked so weak when I entered that I wasn't expecting that, but if you look at 20-8 it's the same repeating story.
I have acquired one simple mental trick which is to be on the side of the signal and trust it even if the chart at that moment seems to say another story !
AND THIS IS THE ONE SINGLE THING THAT I HAVE TO DO!
So we are now in 20-9 trend. Will it be as wild as 20-8 or just a one event impulse ? Nobody knows, and as you maybe think, of course I'm tempted of taking those huge profits before the weekend but hopefully, I have some margin, well, at least now, we will see at the end of the day...
I have the idea in mind that this run up could last one week more and peak with the NFP numbers of next Friday, so my plan is to keep the trade until next Friday if I can, the difficult part will be when my current profits will be threaten by the inevitable pullbacks that we will have in between, let's see if I can endure them, stay calm and with the trend...
It looked so weak when I entered that I wasn't expecting that, but if you look at 20-8 it's the same repeating story.
I have acquired one simple mental trick which is to be on the side of the signal and trust it even if the chart at that moment seems to say another story !
AND THIS IS THE ONE SINGLE THING THAT I HAVE TO DO!
So we are now in 20-9 trend. Will it be as wild as 20-8 or just a one event impulse ? Nobody knows, and as you maybe think, of course I'm tempted of taking those huge profits before the weekend but hopefully, I have some margin, well, at least now, we will see at the end of the day...
I have the idea in mind that this run up could last one week more and peak with the NFP numbers of next Friday, so my plan is to keep the trade until next Friday if I can, the difficult part will be when my current profits will be threaten by the inevitable pullbacks that we will have in between, let's see if I can endure them, stay calm and with the trend...
Simplicity is the Ultimate Sophistication.
- #300
- Mar 27, 2020 4:49am Mar 27, 2020 4:49am
- Joined Oct 2012 | Status: Trader | 1,696 Posts
Simplicity is the Ultimate Sophistication.