1H Swing Trading on EURUSD | Page 26 | Forex Factory

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1H Swing Trading on EURUSD

  • #501
  • Apr 9, 2020 11:27pm Apr 9, 2020 11:27pm
Quoting gacon
Hi BT, when you will close your position...
Hi gacon,
I don't really know, it's the trend which decides, but post #374 will give a good idea of what I could try to do.


Quoting gacon
...Do you just wait for sell signal to close your long.
This is the last call to exit as I cannot be long having a sell signal or vice-versa.
Simplicity is the Ultimate Sophistication.
  • #502
  • Apr 9, 2020 11:59pm Apr 9, 2020 11:59pm
We finally got that swing high impulse we were so impatiently waiting , giving us that second swing low which allows us to draw the trend line.
Welcome to 20-11 !

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 136 KB


The 5 min SRSI chart shows a clear lack of strength either to the upside or downside, we clearly see the Zero (signal) and one waves but then it had some difficulty making a top or a bottom, making the wave identification difficult. I think that the Easter prolonged weekend is the reason for it.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 116 KB
Simplicity is the Ultimate Sophistication.
  • #503
  • Apr 10, 2020 7:33am Apr 10, 2020 7:33am
Quoting broketrader
{quote} If you have read the thread, you know that in the past I have been looking at daily, weekly and monthly charts to spot that kind of longer term trends. Recently I have come to the conclusion that it doesn't make any sense to take care of them, not to just deny them or argue they are wrong/right views, but just because they are simply not in my trading time horizon. I'm trying to become good in trading this system, it's the only thing I have to care about. Now if an up trend reaches the point of a major down trend, as your picture suggest,...
Yup- I’ve read over this thread multiple times. Was just curious about mindset while approaching it. Clearly it’s shuffling by that point slowly
  • #504
  • Apr 11, 2020 12:48pm Apr 11, 2020 12:48pm
Quoting Bororo
Break that high damit! {image}
Hi Bororo,

What APP are you using in your phone that allows you to use the mq4 file?
Due to my job, I'm looking for the possibility to trade the system from the phone. Would you be so kind so share with me your set up?

Thanks!
  • #505
  • Apr 11, 2020 1:08pm Apr 11, 2020 1:08pm
Quoting founaud
{quote} Hi Bororo, What APP are you using in your phone that allows you to use the mq4 file? Due to my job, I'm looking for the possibility to trade the system from the phone. Would you be so kind so share with me your set up? Thanks!
Its tradingview, the app....get it from playstore

https://www.google.com/url?sa=t&sour...4XJGc5sKuKGsYE
Rise or fall....a better me!
  • #506
  • Apr 11, 2020 1:39pm Apr 11, 2020 1:39pm
Quoting Bororo
{quote} Its tradingview, the app....get it from playstore https://www.google.com/url?sa=t&sour...4XJGc5sKuKGsYE
Thanks for your quick and kind reply Bororo.

I just downloaded the App.
How do you manage to apply the indicator from page #1 in txt format? It seems that in the app you can only add pre-existing indicators to the chart.

Thanks for your support!!
Regards
  • #507
  • Apr 11, 2020 1:51pm Apr 11, 2020 1:51pm
Quoting founaud
{quote} Thanks for your quick and kind reply Bororo. I just downloaded the App. How do you manage to apply the indicator from page #1 in txt format? It seems that in the app you can only add pre-existing indicators to the chart. Thanks for your support!! Regards
Yeah.... You have to paste the script on PC first, then save there. If you don't save it won't show
Rise or fall....a better me!
  • #508
  • Apr 13, 2020 1:11am Apr 13, 2020 1:11am
Good morning all, hope that your Easter went well...

A bit boring with this weak trend these days but we need to give it the benefice of the doubt, maybe things will accelerate a bit starting tomorrow...
Any other still in the trade ?
Simplicity is the Ultimate Sophistication.
  • #509
  • Apr 13, 2020 1:14am Apr 13, 2020 1:14am
Quoting broketrader
Good morning all, hope that your Easter went well... A bit boring with this weak trend these days but we need to give it the benefice of the doubt, maybe things will accelerate a bit starting tomorrow... Any other still in the trade ?
I am still inside. I will reevaluate the situation in case the price goes back down to 1.0918
  • #510
  • Apr 13, 2020 1:34am Apr 13, 2020 1:34am
Quoting broketrader
Good morning all, hope that your Easter went well... A bit boring with this weak trend these days but we need to give it the benefice of the doubt, maybe things will accelerate a bit starting tomorrow... Any other still in the trade ?
I'm still holding my longs from last thursday, hope it will accelerate further, once again thank you, and have a good day
  • #511
  • Apr 13, 2020 1:43am Apr 13, 2020 1:43am
hold them,but i set break even near 1.09
  • #512
  • Apr 13, 2020 2:13am Apr 13, 2020 2:13am
still in.....some emotional ish battles though!
Rise or fall....a better me!
  • #513
  • Apr 13, 2020 2:48am Apr 13, 2020 2:48am
Quoting broketrader
Good morning all, hope that your Easter went well... A bit boring with this weak trend these days but we need to give it the benefice of the doubt, maybe things will accelerate a bit starting tomorrow... Any other still in the trade ?
Hi BT,

Yes I am still in the trade.

I added on the test of the 96SMA but closed too quickly. I am still building some clear rules around exits and SLs as I spend more time with the strategy.

Currently, I am still in 1 position. I will exit this on a reversal signal, this is how I will exit the last bit of the trade going forward in my rules on exits.

I was looking at the last 4 years of signals over the last week and may I say the signals are great. Sure there are ranging periods and some losses but just need to use Money Management and ride it out. I will be trading 0.01 lots placing 1 to 3 trades per signal while testing and getting to know the system.

Here are my trades on my chart. Please let me know if you would like me to remove it if you want to keep your thread using only one template.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 42 KB



* Using your MA indicator but just canceled plotting the histogram on the MA.


I agree with you regarding people following the rules of your thread to keep it as clean and constructive as possible.

Happy trading to you and all for the week.
When preparation meets oppertunity
  • #514
  • Apr 13, 2020 6:13am Apr 13, 2020 6:13am
I'm anticipating a bear signal so I have locked current profits with a sell.
If bear signal comes, I will have my first entry for the next trend, if we rebound from here, well I will take a loss.
Simplicity is the Ultimate Sophistication.
  • #515
  • Apr 13, 2020 6:27am Apr 13, 2020 6:27am
I'm out of the trade for now. Since I came to the party late, I did put in a small order on the 9th, which got hit with the test that happened today. I also have a buy stop at 1.09711 but I doubt we will see that this time around. I'm planning on followning the strategy and waiting for the next clear signal before placing any orders. I use MT4 but am going to take some time to implement your signals on TradingView this week just to diversify my knowledge of platforms and also keep my nose in the charts.

Dan
  • #516
  • Apr 13, 2020 6:37am Apr 13, 2020 6:37am
Quoting GingerBoloks
{quote} Hi BT, Yes I am still in the trade. I added on the test of the 96SMA but closed too quickly. I am still building some clear rules around exits and SLs as I spend more time with the strategy. Currently, I am still in 1 position. I will exit this on a reversal signal, this is how I will exit the last bit of the trade going forward in my rules on exits. I was looking at the last 4 years of signals over the last week and may I say the signals are great. Sure there are ranging periods and some losses but just need to use Money Management and...
Hi GingerBoloks,
Thank you for you valuable information.
In fact I was planning to make a backtesting of the system, but only opening an order when colour changes, and closing when the opposite colour appears. (The other two entries are kind of subjective). I wonder if the big bearing/bulling periods will compensate choppy markets. Have you done anything like that? Can you please give us more details of the orders simulated for the past four years?

Thanks!
  • #517
  • Apr 13, 2020 7:05am Apr 13, 2020 7:05am
The trend line was broken on a closing basis, so I closed half of the remaining long.
Waiting for a bear signal to close the remaining long if we're not back into the trend...
Simplicity is the Ultimate Sophistication.
  • #518
  • Apr 13, 2020 7:47am Apr 13, 2020 7:47am
Quoting Jagg
I've put together an "all in one" package/template including a new MTF MyStochRSI indicator version. SmaSRSI96 in main chart and the MyStochRSI indicator lines in subwindow are programmed in a way they only show when we are in a M5 or H1 chart (nothing is shown when we aren't)! The MTF indicator version shows you the H1 (pink) and M5 (blue) StochRSI lines when you are in a M5 chart - also the SmaSRSI96 representation in the main chart shows the H1 status when in the M5 chart. Update: small bug fixed in v2 - so please only download v2!!! {image}...
Thank you very much for this you legend! Could not get BT's latest versions updated in post#1 to work on my XM mt4 platform (works fine on IC markets so its odd) but your all in one does.
Also many thanks to you BT for sharing the simple well-though-out system and allowing us all to be a part of your journey. I have just caught up on the thread over the weekend and I look forward to seeing how the system plays out for the rest of the year. Many thanks!

Kind Regards,
Hampy
  • #519
  • Apr 13, 2020 8:00am Apr 13, 2020 8:00am
Quoting hampy
{quote} Thank you very much for this you legend! Could not get BT's latest versions updated in post#1 to work on my XM mt4 platform (works fine on IC markets so its odd) but your all in one does. Also many thanks to you BT for sharing the simple well-though-out system and allowing us all to be a part of your journey. I have just caught up on the thread over the weekend and I look forward to seeing how the system plays out for the rest of the year. Many thanks! Kind Regards, Hampy
You're welcome and good luck if you are giving it a try
Simplicity is the Ultimate Sophistication.
  • #520
  • Apr 13, 2020 8:01am Apr 13, 2020 8:01am
Just closed some more as we are now under SMA...
Check your oxygen tubes we will be soon under the water...
Simplicity is the Ultimate Sophistication.
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