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1H Swing Trading on EURUSD

  • #421
  • Apr 6, 2020 7:08am Apr 6, 2020 7:08am
Quoting kesterpogz
Have applied your indicators to tradingview. mine doesnt look like yours though. {image}
Read post 306
  • #422
  • Apr 6, 2020 8:00am Apr 6, 2020 8:00am
Nice thread and system. I subscribed both on you and the thread. Good work. I will follow this thread closely and try to implement the system in my trading.

Thanks @Broketrader
  • #423
  • Apr 6, 2020 9:36am Apr 6, 2020 9:36am
Hi Brokertrader, I have been following your thread from the start and wanted to say thank you so much for sharing it, i truly appreciate everything you have done
  • #424
  • Apr 7, 2020 1:12am Apr 7, 2020 1:12am
Finally I closed the trade on 20-10, I still wanted to keep 20% but I closed all by error, was doing it on my phone...

Both trends 20-10 and 20-10" were broken on a hourly closing but as long as there is no signal, all this could be a fake move or a bull trap so if price goes back under trend, I could very well consider a short, re-enter what I have just closed, we'll see...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 121 KB


Welcome Maroc-Ismael and Forex5151 and good luck
Simplicity is the Ultimate Sophistication.
  • #425
  • Apr 7, 2020 3:21am Apr 7, 2020 3:21am
Hello BT, there is a new buy signal on EU. Am in.
  • #426
  • Apr 7, 2020 3:29am Apr 7, 2020 3:29am
We are beyond Sma-96 and SRSI is approaching 40 so we should get the signal in a couple hours I think...

Now, the 5m SRSI is at maximum, which is usual when the signal comes in, so I think I will enter conservatively specially if I see the price travelling slowly to the bottom of the wave, still too early to know.

My plan for next trades is as follows:
Risk = 15% of balance which is about 2 lots (over 100 pips)
30% on signal = 0.6 lots, 50% at wave 1 = 1 lot, 20% at wave 2 = 0.4 lots

It's also possible that I anticipate the wave 2 trade in wave 1 with some tentatives using tight stops, I will see when I'm there.
Will post a chart when the signal comes in...
Simplicity is the Ultimate Sophistication.
  • #427
  • Apr 7, 2020 3:31am Apr 7, 2020 3:31am
Quoting bpola
Hello BT, there is a new buy signal on EU. Am in.
Hi bpola, I don't have it yet, the sun rises earlier in your place than in mine
Simplicity is the Ultimate Sophistication.
  • #428
  • Apr 7, 2020 3:41am Apr 7, 2020 3:41am
Maybe. .

Am in with small position. Will add as trend is confirmed.
  • #429
  • Apr 7, 2020 5:02am Apr 7, 2020 5:02am
Last hour close just confirmed the signal...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 115 KB
Simplicity is the Ultimate Sophistication.
  • #430
  • Apr 7, 2020 5:04am Apr 7, 2020 5:04am
Quoting broketrader
Last hour close just confirmed the signal... {image}
Bought EU half and hour ago.~ Also, I found it quite useful in USDJPY
Damage
  • #431
  • Apr 7, 2020 5:13am Apr 7, 2020 5:13am
Quoting abconqq7
{quote} Bought EU half and hour ago.~ Also, I found it quite useful in USDJPY

Everyone is free to trade whatever he or she wants but again this system is only for EU
Simplicity is the Ultimate Sophistication.
  • #432
  • Apr 7, 2020 5:15am Apr 7, 2020 5:15am
Quoting broketrader
Last hour close just confirmed the signal... {image}
Im in as well.
When preparation meets oppertunity
  • #433
  • Apr 7, 2020 7:36am Apr 7, 2020 7:36am
Hi Broker trader. I was just wondering what do you plan to do when the market changes from this really trending environment to a really choppy environment on EURUSD. As i assume this is a trend following approach, it may provide many false signals during periods of consolidation.

Thank you
  • #434
  • Apr 7, 2020 7:48am Apr 7, 2020 7:48am
Quoting Forex5151
Hi Broker trader. I was just wondering what do you plan to do when the market changes from this really trending environment to a really choppy environment on EURUSD. As i assume this is a trend following approach, it may provide many false signals during periods of consolidation. Thank you
I plan nothing but to trade the system as it is, I have been past (testing) all 2019 and there were choppy periods and it's still worked not so bad. I also hope that the entry in three steps (waves) can also avoid the major part of the losses during those times but this we still need to see if it's true or not.

Now, for those thinking that some filter or additional strategy could be added for that, forget it, I won't even discuss that, for me that's the major trap that traders fall into, trying to make a system perfect when such a thing cannot exist. We must enjoy trending times and be patient the rest of the time, I know that, and and I know that those choppy times will come, it remains to be seen how I will handle them.
Simplicity is the Ultimate Sophistication.
  • #435
  • Apr 7, 2020 7:57am Apr 7, 2020 7:57am
Quoting broketrader
{quote} I plan nothing but to trade the system as it is, I have been past (testing) all 2019 and there were choppy periods and it's still worked not so bad. I also hope that the entry in three steps (waves) can also avoid the major part of the losses during those times but this we still need to see if it's true or not. Now, for those thinking that some filter or additional strategy could be added for that, forget it, I won't even discuss that, for me that's the major trap that traders fall into, trying to make a system perfect when such a thing...
You system is good sir.
I go in early today, just exactly when the first candle cross the 100ma
And till now, the direction is still up up up up....
Thank you for putting this system out for free
  • #436
  • Apr 7, 2020 8:11am Apr 7, 2020 8:11am
Quoting broketrader
{quote} I plan nothing but to trade the system as it is, I have been past (testing) all 2019 and there were choppy periods and it's still worked not so bad. I also hope that the entry in three steps (waves) can also avoid the major part of the losses during those times but this we still need to see if it's true or not. Now, for those thinking that some filter or additional strategy could be added for that, forget it, I won't even discuss that, for me that's the major trap that traders fall into, trying to make a system perfect when such a thing...
Hi Broketrader, I'm inside too today.
I was wondering if we are already close to the first wave. I'm wrong?
Thanks
  • #437
  • Apr 7, 2020 8:27am Apr 7, 2020 8:27am
Quoting broketrader
{quote} I plan nothing but to trade the system as it is, I have been past (testing) all 2019 and there were choppy periods and it's still worked not so bad. I also hope that the entry in three steps (waves) can also avoid the major part of the losses during those times but this we still need to see if it's true or not. Now, for those thinking that some filter or additional strategy could be added for that, forget it, I won't even discuss that, for me that's the major trap that traders fall into, trying to make a system perfect when such a thing...
I agree about the mistake many people make trying to overcomplicate things. All boils down to how one handles their psychology and ability to follow rules without deviating from their plan. It took me a solid 1.5 year to realise that it's not the strategy's fault i was losing money but entirely my own fault and my lack of pateince.
  • #438
  • Apr 7, 2020 8:52am Apr 7, 2020 8:52am
Quoting broketrader
{quote} I plan nothing but to trade the system as it is, I have been past (testing) all 2019 and there were choppy periods and it's still worked not so bad. I also hope that the entry in three steps (waves) can also avoid the major part of the losses during those times but this we still need to see if it's true or not. Now, for those thinking that some filter or additional strategy could be added for that, forget it, I won't even discuss that, for me that's the major trap that traders fall into, trying to make a system perfect when such a thing...
Your system is good sir.
I got in early today, just exactly when the first candle cross the 100ma
And till now, the direction is still up up up up....
Thank you for putting this system out for free
  • #439
  • Apr 7, 2020 8:58am Apr 7, 2020 8:58am
Quoting Henrieternal
{quote} You system is good sir. I go in early today, just exactly when the first candle cross the 100ma And till now, the direction is still up up up up.... Thank you for putting this system out for free
You're welcome, Good luck!
Simplicity is the Ultimate Sophistication.
  • #440
  • Apr 7, 2020 9:07am Apr 7, 2020 9:07am
Quoting FrancescoDTM
{quote} Hi Broketrader, I'm inside too today. I was wondering if we are already close to the first wave. I'm wrong? Thanks
Still not clear Francesco ? Look at the 5m chart below...

Wave zero is when you get the signal, SRSI-168 in blue oscillates near the maximum, wave 1 is the next touch of the opposite side and wave 1 is one entire cycle after. You can see them on the chart drawn by hand in pink. I hope this will definitely clarify things.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 120 KB
Simplicity is the Ultimate Sophistication.
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