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Williams%R, SAR X-over 15 minute candles

  • #101
  • Apr 6, 2020 12:13pm Apr 6, 2020 12:13pm
Quoting rockypoint
Mainly look at E/J, E/U, G/U, U/CHF, & U/J. On Days when Eur, Jpy or Usd are trending strongly might expand into a/j, a/u. e/g, g/j, g/a and u/c. But I start every day with the first 5.
Thanks. Will do.
  • #102
  • Apr 6, 2020 9:48pm Apr 6, 2020 9:48pm
Quoting rockypoint
Playing with a new kind of candle by Linda Bradford Raschke that like Heiken Ashii candles have a different calculation. Bullish and bearish candles are a a brighter green or red. More choppy price action candles stay the normal colors. So even when price is going down candle might remain bright green and vice versa. Other than these 3 trades won't use again on this thread, since I think they are only licensed for use on thinkorswim. One other small change switched from just 20 ema to 10 and 20 ema. {image} {image} {image}
Could you PLease explain how you use the 10 and 20 ema? Open? Close? I have never used ema's because I was always taught that they were lagging indicators. I am really interested in your strategy. Very simple. I'm looking for something very simple that I can trade over and over and over again. Simplicity is key. TY for sharing your knowledge with us who are early in our trading careers.
  • #103
  • Apr 6, 2020 10:09pm Apr 6, 2020 10:09pm
Quoting bojack34
{quote} Could you PLease explain how you use the 10 and 20 ema? Open? Close? I have never used ema's because I was always taught that they were lagging indicators. I am really interested in your strategy. Very simple. I'm looking for something very simple that I can trade over and over and over again. Simplicity is key. TY for sharing your knowledge with us who are early in our trading careers.
I think close, 20 under 10 bias long and visa versa..
  • #104
  • Apr 6, 2020 10:47pm Apr 6, 2020 10:47pm
Quoting Patje
{quote} I think close, 20 under 10 bias long and visa versa..
I appreciate your help but i'm going to wait and see what the OP has to say. TY
  • #105
  • Edited 11:49pm Apr 6, 2020 11:38pm | Edited 11:49pm
Virtually all indicators are lagging indicators. long the 10 crossed above 20, short the 10 crossed below 20. 20 ema can be used as support/resistance while in a trade. Say you a re long on eur/usd trade has moved in your direction as it does 10 and 20 ema's will separate a bit. Then price moves against you for 2 candles but hits 20ema and closes at it. That can be a sign that 20 ema is acting as support and price might bounce up an continue in your direction.

Here's an example.
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  • #106
  • Apr 7, 2020 12:16am Apr 7, 2020 12:16am
Quoting rockypoint
Virtually all indicators are lagging indicators. long the 10 crossed above 20, short the 10 crossed below 20. 20 ema can be used as support/resistance while in a trade. Say you a re long on eur/usd trade has moved in your direction as it does 10 and 20 ema's will separate a bit. Then price moves against you for 2 candles but hits 20ema and closes at it. That can be a sign that 20 ema is acting as support and price might bounce up an continue in your direction. Here's an example. {image}
Here's a trade that I just took. The Williams % Range went from above the 50 to below the 50, at the same time the PAR SAR went from dots below the candles to dots "above" the candles. I marked the candle I entered on with a vertical red line. I was watching as the candle prior to the red line was closing. Right when the previous M5 candle was closing was when the Williams%R was going under the 50 and the dots were forming on top, so I couldn't enter on the candle that I marked 1, unless we are supposed to enter these trades before the M5 candle closes. If we are supposed to wait for the candle to close than I had to enter on candle 2. You can see that I have my SL above the swing high. I wasn't exactly sure where to put the TP but I placed it towards the bottom of the swing low. Did I do anything glaringly wrong?

EDIT: If you look at the Williams % R at the candle 2, you would think I was entering wrong, but I was entering at the closing of candle 1. By the time candle 2 opened and I entered the trade the Williams % R started to turn the other direction.....it looks wrong but I feel like I entered correctly.

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  • #107
  • Apr 7, 2020 12:17am Apr 7, 2020 12:17am
Quoting rockypoint
Virtually all indicators are lagging indicators. long the 10 crossed above 20, short the 10 crossed below 20. 20 ema can be used as support/resistance while in a trade. Say you a re long on eur/usd trade has moved in your direction as it does 10 and 20 ema's will separate a bit. Then price moves against you for 2 candles but hits 20ema and closes at it. That can be a sign that 20 ema is acting as support and price might bounce up an continue in your direction. Here's an example. {image}
Tyvm for that explanation. That helps a lot.
  • #108
  • Apr 7, 2020 12:28am Apr 7, 2020 12:28am
Ok I'm done for the night 4 quick trades. I'm tired and planning on getting up in 5 hours to trade. Bojack I'll answer you tomorrow.
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  • #109
  • Apr 7, 2020 12:31am Apr 7, 2020 12:31am
Quoting rockypoint
Ok I'm done for the night 4 quick trades. I'm tired and planning on getting up in 5 hours to trade. Bojack I'll answer you tomorrow. {image} {image} {image} {image}
Ok, Txs. I too am going to bed. I also have to wake up in 5 hours. I have to call unemployment right when they open. I'm praying that I can get thru today. Busy signal alllll day today. Wish me luck!
  • #110
  • Apr 7, 2020 7:40am Apr 7, 2020 7:40am
I am hanging it up for the day no trades this morning. Going to walking away from trading today. Hang with my wife, discuss and plan our coming move.
  • #111
  • Apr 7, 2020 7:53am Apr 7, 2020 7:53am
Do you prefer the Dot's to form on the chart first, and then the cross of the 50? Or, would you prefer that the 50 cross first and then the dots form on the chart afterwards? If one happens before the other, do you just wait for the 2nd indicator to trigger, and then enter? Or is there an amount of time you would consider waiting and then canceling the signal if both don't line up?
  • #112
  • Apr 7, 2020 2:59pm Apr 7, 2020 2:59pm
Quoting rockypoint
The white boxes are entries/exits
Apologies for digressing but knowing of your earlier thread I thought this might interest you. ( A stripped down Ichimoku)
Shows a DAILY but you could use lower ( 5 min) time frames ?

Section of Video from 25:05 ( single slow ma)

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #113
  • Apr 7, 2020 7:27pm Apr 7, 2020 7:27pm
Hola Turnip,

How have you been? Yeah I saw it when you posted it on my other thread. I tried it without much luck kind of 50/50 for me. But I did look at some of his other videos and found one on Williams%R which I liked. Started playing with that which led to this system. So thank you for starting me on a little trading journey.
  • #114
  • Apr 7, 2020 9:20pm Apr 7, 2020 9:20pm
Quoting rockypoint
Hola Turnip, How have you been? Yeah I saw it when you posted it on my other thread. I tried it without much luck kind of 50/50 for me. But I did look at some of his other videos and found one on Williams%R which I liked. Started playing with that which led to this system. So thank you for starting me on a little trading journey.
look at pairs on the hourly, if the williams & is either starting or in ther upper 50% area look for buys ets on m5/m1 looks consistant
  • #115
  • Apr 7, 2020 9:24pm Apr 7, 2020 9:24pm
if you look in london and new york starting hours yesterday in usdcad , some great pull backs to 20ema to sell
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  • #116
  • Apr 8, 2020 12:16am Apr 8, 2020 12:16am
Subscribed and following. Thanks and
Regards
  • #117
  • Apr 8, 2020 4:04am Apr 8, 2020 4:04am
Quoting rockypoint
Hola Turnip, How have you been? Yeah I saw it when you posted it on my other thread. I tried it without much luck kind of 50/50 for me. But I did look at some of his other videos and found one on Williams%R which I liked. Started playing with that which led to this system. So thank you for starting me on a little trading journey.
Well, without meaning to embarrass you, it was reading your thread that made me a much more profitable and confident trader.
Crikey, I've even started to learn Spanish having been to Spain a couple of times now. The sunshine and more pleasant lifestyle appeals to me old bones
I like this thread too.
every Saint has a past. Every Sinner has a Future
  • #118
  • Apr 8, 2020 7:20am Apr 8, 2020 7:20am
Thank you Turnip for the kind words. Go for it Spain is gorgeous, when we decided, to Leave U.S.A. Spain is a place we checked out along with Portugal.. But in the end my wife wanted to be near her parents and family so Mexico it was and it has been wonderful.
  • #119
  • Apr 8, 2020 7:22am Apr 8, 2020 7:22am
4 trades so far today, nothing making any strong moves just picking off some pips.
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  • #120
  • Apr 8, 2020 8:35am Apr 8, 2020 8:35am
Quoting rockypoint
4 trades so far today, nothing making any strong moves just picking off some pips. {image} {image} {image} {image}
Rocky, do you place SL, right away? For long under MA 20? Do you ever trail?

Can you talk about your MM a bit...as you enter a trade...

You are pulling me back into scalping..
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