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  • #161
  • Apr 20, 2020 3:23pm Apr 20, 2020 3:23pm
I have an issue with my chart as soon as the ADR line turns to 'RED'. The chart seems to move off the page towards the left when zooming out and the SMA200 only shows some of the bars. Does anyone else experienced this? Might be an issue on my side?
Attached Image (click to enlarge)
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  • #162
  • Apr 20, 2020 3:27pm Apr 20, 2020 3:27pm
Hi LauraT,

Thanks for sharing your system, it's very impressive. I understood the rules for entry trades, but I still don't get when to exit them. Can you clarify a little the exit trades ?

Thank you
  • #163
  • Apr 20, 2020 3:30pm Apr 20, 2020 3:30pm
LauraT
Been monitoring the thread for the past few days. Looks like a interesting system. Thanks for taking the time to share
  • #164
  • Apr 20, 2020 3:30pm Apr 20, 2020 3:30pm
Daily high and low not appear on my chart which indicator responsible in this?
  • #165
  • Apr 20, 2020 3:33pm Apr 20, 2020 3:33pm
Quoting LauraT
{quote} One thing you might have in your favour is that price is near ADR Low and could rise from here. However, I would generally say there will be better trades out there if you apply the rules. Not saying this is an invalid trade, it's actually similar to the type of thing I'd seek out. But it's perhaps a little advanced compared to channel trades or channel failures, being neither of those. There's every chance it might turn into a channel failure but, by that time, you'd have a bit more confirmation of the up move. Hope this helps.
Thanks Laura, Patje,

For my understanding, it could also become a channel trade in case the channel does not hit the SMA.... right?

In any case I should have waited a bit more for confirmation, learning while practicing!
  • #166
  • Apr 20, 2020 3:40pm Apr 20, 2020 3:40pm
Quoting BWilliam
{quote} The Comprsi is stuck at the bottom. Just be patient to wait it rise towards 50 level. Just checked, it can potentially go down to 2.0400 for a H4 swing trade.
Thanks.

I was just reading the strategy once more on the rules / strategy with respect to the RSI... are you sure it is important if it rising to the 50
line?

The way I perceived the RSI:
- Below 50 is bias for long
- Above 50 is bias for short.
  • #167
  • Apr 20, 2020 3:46pm Apr 20, 2020 3:46pm
Quoting jan.forex
I have an issue with my chart as soon as the ADR line turns to 'RED'. The chart seems to move off the page towards the left when zooming out and the SMA200 only shows some of the bars. Does anyone else experienced this? Might be an issue on my side? {image}
Just in case someone else has this issue I re-downloaded the history bars via 'tools>history centre' and it seemed to sort it for now.
  • #168
  • Apr 20, 2020 3:47pm Apr 20, 2020 3:47pm
Quoting FlyingCat
{quote} Thanks. I was just reading the strategy once more on the rules / strategy with respect to the RSI... are you sure it is important if it rising to the 50 line? The way I perceived the RSI: - Below 50 is bias for long - Above 50 is bias for short.
In post #1
Quoting LauraT
Above 50 is bullish, below 50 is bearish.
Know what you trade
  • #169
  • Apr 20, 2020 3:55pm Apr 20, 2020 3:55pm
Hi LauraT,

Thank you for sharing your system.
I have gone through the whole thread and it is impressive, simple and understandable.
i have also tested on UC and it worked.

thanks a lot,
  • #170
  • Apr 20, 2020 4:04pm Apr 20, 2020 4:04pm
Quoting BWilliam
{quote} In post #1 {quote}
Thanks for pointing this out, somehow I used to believe RSI should be below 50 for long setups and vice verca for sell trades.
  • #171
  • Apr 20, 2020 5:58pm Apr 20, 2020 5:58pm
Thank you so much for sharing your expertise. New traders like me need these simple tested approaches from veteran traders without all the fanfare. I've only been trading for two years and I am just starting to become profitable. My problems is I let my emotions get in the way. I am anxious to try your system.
  • #172
  • Apr 20, 2020 6:01pm Apr 20, 2020 6:01pm
Hi LauraT, Great Thread!
This looks like a great buy but not all is green for the SMA signal, Is that ok?
Attached Image (click to enlarge)
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  • #173
  • Apr 20, 2020 6:43pm Apr 20, 2020 6:43pm
Quoting daywalker654
2 reazons: 1 it could be break out of the channel 2 it's too far from 200 sma, which could behave like a magnet
It doesn't show the 200 SMA
All you touch and all you see, is all your life will ever be.
  • #174
  • Apr 20, 2020 7:17pm Apr 20, 2020 7:17pm
Quoting LauraT
Here's a puzzle for folks... took 106 points out of Dow but why was it a riskier trade than others? {image}
I was of the understanding that the bar had to close outside the channel, although I saw on your examples yesterday that this is not the case. If this is not the case, what is the point of the channel? How could you be sure the price here wasn't going to go up? We can't see the 200 SMA. I know the composite RSI was below 50 but I can't install that anyway, nor the MTF 200 thingy in the corner. My guess would have been a buy trade. Other peoples' winning trades always look easy, until I try it for myself.
All you touch and all you see, is all your life will ever be.
  • #175
  • Apr 20, 2020 8:45pm Apr 20, 2020 8:45pm
Quoting LauraT
Took partial profit on GU, rest still running. {image}
Hi Laura,

May I ask why the entry and stop lines for the still ongoing part of the trade are not visible on your chart?
Timing Direction Strength
  • #176
  • Edited 9:11pm Apr 20, 2020 8:48pm | Edited 9:11pm
Quoting LauraT
Here's a puzzle for folks... took 106 points out of Dow but why was it a riskier trade than others? {image}
Because it broke the top of the channel.

Haha don't know why I answered that, seeing I was late for the thread.
Trade what "Is", not what "If".
  • #177
  • Apr 21, 2020 1:01am Apr 21, 2020 1:01am
Some trades
USDJPY Long Loss
USDCHF Long Win
AUDUSD Short Win
GBPAUD Long Win
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  • #178
  • Edited 2:05am Apr 21, 2020 1:53am | Edited 2:05am
M5 USDCAD long off support of yesterdays high. same as EUR/USD ...EUR/AUD.... GBP/USD
  • #179
  • Apr 21, 2020 2:10am Apr 21, 2020 2:10am
Hello LauraT.
Nice strategy you are sharing here, thank you. I have been profitable in high TFs but I have been looking for some intraday strategy easy to implement but solid at the same time. Yours looks like it might tick all the boxes
Could you share more information about trade management please?
Also, do you think this couple of trades I'm posting would be correct. Although the main entry would have been over the Asia session and already in profit at this moment in time, a retest on yesterday's low looked right enough. Just a bit wary of the time as LO just started. Thanks
Attached Image (click to enlarge)
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  • #180
  • Apr 21, 2020 2:28am Apr 21, 2020 2:28am
Quoting dmti
Hi LauraT, Thanks for sharing your system, it's very impressive. I understood the rules for entry trades, but I still don't get when to exit them. Can you clarify a little the exit trades ? Thank you
Hi there - thanks for the kind words

I've began the thread by mainly focusing on execution of entries. Trade management and money management are extensive topics and will be covered in due course.
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