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  • #1
  • First Post: Edited May 5, 2020 6:38am Apr 25, 2020 11:19am | Edited May 5, 2020 6:38am
Hi, I was out her long time ago screwing big time first.
Lost 30k IB account in some year(2011). I never could let go though. Started demo trading again 2017 and real time again some year later(..). I just like to share all my good experience with everyone; hope you make the best of it.
I both trade fundamentals and technical items; enjoyning forexlive as my newspaper and have newsserver(TTN).
What I learned most is to not try invent the wheel yourself to much; its best to learn from someone who has seen all before as I did myself as well
Be happy

I added all indicators Im using and the Min1 template; the basic Moving Average indicator should allready be included in your MT4 version. For higher TF's its best to use the tempaltes published in post 18.
Let me know when you have poblems
Attached File(s)
File Type: ex4 MJMovingAverage_v1.04.ex4   23 KB | 893 downloads | Uploaded Apr 26, 2020 2:19pm
File Type: ex4 Pivot Points Multitimeframe.ex4   71 KB | 752 downloads | Uploaded Apr 26, 2020 2:19pm
File Type: ex4 Pivots.ex4   14 KB | 719 downloads | Uploaded Apr 26, 2020 2:19pm
File Type: ex4 Stochastic.ex4   11 KB | 749 downloads | Uploaded Apr 26, 2020 2:20pm
File Type: ex4 SonicR VSA (White).ex4   17 KB | 776 downloads | Uploaded Apr 26, 2020 2:20pm
File Type: tpl 1minStandard.tpl   31 KB | 782 downloads | Uploaded Apr 26, 2020 2:22pm
File Type: tpl H4Srandard.tpl   24 KB | 658 downloads | Uploaded May 2, 2020 4:46am
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  • #2
  • Apr 25, 2020 11:41am Apr 25, 2020 11:41am
I got inpsired once by some freak plotting a lot of stochastics intervals from same TF in one window. It makes you detect the strenght, if any, from orderflow. I plot only the fast lines from 5-23 for each time frame. It makes you feel confortable for detecting the kind of flow we're in. You could clearly spot from previous H1 chart. It works for all asset classes. Pivots are my main bread and butter but next thing to watch are the MA's Im using. I.E. ema75's for all TF's. Some hedgefound dude once told me. Its the mother of all everages.
Here you go what I mean by the pivots. Its the same chart ES you could see the nive bounce from pivot clusters. Its weekly and daily bounce; the only ones I'm watching. The pink is the ema75 for the 5min chart. The black one the ema75 for min1 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500M1.png Size: 58 KB
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  • #3
  • Apr 25, 2020 11:53am Apr 25, 2020 11:53am
Last picture you could clearly see the point of reversal because all the lines from stochastics made some strong concentration up; also volume increased dramaticly confirming the krep even more. Often very good clue for some reversal all together.
Next picture for the min1 timeframe after you allready did spot the strong flow from H1 out from oversold a bit earlier. What you gonna do after you see this nice orderflow going through 50 all together?
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500M1.png Size: 63 KB
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  • #4
  • Apr 25, 2020 12:27pm Apr 25, 2020 12:27pm
I have to dig how I can deliver the indicators and templates on this site. I promise I come back on this one later. its no rocket science. All I use is basic stuff, you can just use most of the indicators from your broker
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  • #5
  • Edited 1:02pm Apr 25, 2020 12:52pm | Edited 1:02pm
I'll get some dudes on board from some forum to learn how to trade. I made this call on Friday telling them they were discounting the upcoming Retail figure for cable upfront. It broke the trendline before release. Little doubt in my mind it would go to pivot. After pivot you could spot the sweet divergenge from the pivot. No doubt in my mind for some strong reversal:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 70 KB
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  • #6
  • Apr 25, 2020 1:07pm Apr 25, 2020 1:07pm
Subscribed!
  • #7
  • Apr 25, 2020 1:10pm Apr 25, 2020 1:10pm
Sounds interesting! Thanks despichtt! Love to see your upload on your indicators and hear more about your trading. Wish you all the best.
  • #8
  • Apr 25, 2020 1:34pm Apr 25, 2020 1:34pm
looks good to me but i still don't understand why he told you that 75 was the best is there explaintion behind it? Thanks.
  • #9
  • Apr 25, 2020 3:44pm Apr 25, 2020 3:44pm
Subscribed! I am a fan of stochastic.
  • #10
  • Edited 9:33am Apr 26, 2020 1:23am | Edited 9:33am
Quoting AnarBorgil
looks good to me but i still don't understand why he told you that 75 was the best is there explaintion behind it? Thanks.
Someone once told me hedge founds often push through for these averages. I use them often for targets to TP or initiate trade; use them for every TF; ie plot every one of them in the smaller TF's. You could see some compelling correlation in the previous pictures for the lower TF's as well. Sometimes you can pick some leading TF as well; you see price often bounce/rejected just from this ema from specific TF. The spaces in between the lines are often my targets for some trade
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  • #11
  • Apr 26, 2020 1:29am Apr 26, 2020 1:29am
Here you go for for DAX. First you could see clearly price was rejected from ema15min(green line) for some time. When it pushed through it just went to the ema30min(brown) and was rejected a couple of times just spot on
Attached Image (click to enlarge)
Click to Enlarge Name: GDAXIM1.png Size: 68 KB
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  • #12
  • Apr 26, 2020 1:33am Apr 26, 2020 1:33am
Quoting despichtt
{quote} Someone once told me hedge founds often push through for these averages. I use them often for targets to TP or initiate trade. The picture shows the famous 2018 april sellings regarding cable. The orange one is the daily; the yellow one the weekly. The spaces in between them are often good to trade. I use them for every TF; ie I plot every one of them in the smaller TF's. It seems to work for all TF's. You could see some compelling correlation in the previous pictures for the lower TF's as well. Sometimes you can pick some leading TF as...
There was this article i read i will try to find and link of a former hedge fund manager who provided evidence that they use several different large moving averages to give confluence to their positions. The 200 MA is one of the top one everyone uses and since everyone sees the same chart, price reacts very strongly around the average, either strong break or bounce.
  • #13
  • Apr 26, 2020 1:38am Apr 26, 2020 1:38am
Can you please provide the attachments. plzzzzzzzzzzzz.
  • #14
  • Apr 26, 2020 1:52pm Apr 26, 2020 1:52pm
Quoting VictorP
{quote} There was this article i read i will try to find and link of a former hedge fund manager who provided evidence that they use several different large moving averages to give confluence to their positions. The 200 MA is one of the top one everyone uses and since everyone sees the same chart, price reacts very strongly around the average, either strong break or bounce.
Sure they have all compelling stories its were you feel most comfortable with. When its long time no see for price like big up/downtrends everybody watching the good old big MA's first. The bigger MA's are not that important to my game anyway; I have no long game by anymeans. I didnt do the study myself I be honest to you lol but seems the ema75's seem to behave like the most average of all. Not that long ago Eamon from forexlive as well telling about the ema's hegde found were using. For me its more like I have some goal often for some TF to TP somewhere and I like these ones and feel confident with them
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  • #15
  • Edited 3:41pm Apr 27, 2020 3:16pm | Edited 3:41pm
Look at the red volume bar at the black vertical. Just sold to TP on the EMA75 min5(pink line). Ofen some convincing flow from TF goes at least to the EMA75 from same TF(the pink in this case)
For entree I often use min1 chart and like to see all line from different intervals from stochastics crossing 50 in strenght. When Im looing for bit of a reversal I look for some more evidence like breaking TL or very strong volume bar like in this case
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SPX500M1.png Size: 53 KB
Click to Enlarge Name: SPX500M5.png Size: 56 KB
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  • #16
  • Apr 28, 2020 3:13am Apr 28, 2020 3:13am
My cable trade bit earlier shows you nice stochastics readings. First you could see the big green volume spike on the min1 followed by very concentrated lines from all intervals together. I just dont like to buy on the pivot; just bought after leaving the pivot. Next I see the min5 chart also strong figure, even the very slow black(75,1,3) traveling same speed up. It gives me good feeling something beautifull hapening. Last you can see the raging figure from min15 figure; it gives me confortable feeling to go for the bigger targets like the next pivot. Wow, I wish I saw this every morning. Didnt really expected it to be honest; its just a typical case of European switching the risk on button
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 52 KB
Click to Enlarge Name: GBPUSDM5.png Size: 47 KB
Click to Enlarge Name: GBPUSDM15.png Size: 43 KB
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  • #17
  • Apr 28, 2020 10:40pm Apr 28, 2020 10:40pm
Hi, despichtt (https://www.forexfactory.com/despichtt),

Thanks for the thread and trading ideas.

I Cannot figure out how to remove the line "MJMovingAverage: LowerMA_TF_Period NOT Displayed" that appears right on the chart at time frames higher than 5 minutes. Can someone help with that?

Thanks.
  • #18
  • Apr 29, 2020 2:54am Apr 29, 2020 2:54am
Quoting MidnightRun
Hi, despichtt (https://www.forexfactory.com/despichtt), Thanks for the thread and trading ideas. I Cannot figure out how to remove the line "MJMovingAverage: LowerMA_TF_Period NOT Displayed" that appears right on the chart at time frames higher than 5 minutes. Can someone help with that? Thanks.
Hi,

You cannot; unless you know how to programm inside the indicator. I tried ones myself but it got real messy. When you watch Min15 TF you need to adjust the templates indicators a bit and safe the Template when you're done. I.e. delete the MJMovingAverages lower than the current TF and adjust the color for the current TF. I used the standard Moving Average for the current TF thats in all mt4 version.

I'll ad the other TF's as well; might safe you some headache:
Attached File(s)
File Type: tpl 5minStandard.tpl   29 KB | 462 downloads
File Type: tpl 15minStandard.tpl   33 KB | 462 downloads
File Type: tpl 30minStandard.tpl   31 KB | 393 downloads
File Type: tpl H1Standard.tpl   28 KB | 431 downloads
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  • #19
  • Apr 29, 2020 9:57am Apr 29, 2020 9:57am
Im not much of a long trader most of the times; I really like scalping. I only push through right away if there is some compelling story for discounting. When the day started the Dollar was weak in fact when European session started so no reason to go for some homerun south first at all.
After 1000h chart time you could see the lines from stochastics H1 all going down in strong fashion. Thats when Im looking for nice entree Min1 chart. First situation I spotted the increased selling volume(red bar) to sell to the brown(ema75Min30). Second one you can nicely see all lines from stochastics going through 50 with a bit of a candle as well. I pushed this one through to the blue(ema75H1)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ForexH1.png Size: 54 KB
Click to Enlarge Name: Forexmin1.png Size: 66 KB
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  • #20
  • Apr 29, 2020 10:20am Apr 29, 2020 10:20am
Here is how I like to play bottem bounces. First I like to see some strong flow for some TF like here the min5 chart. You can see all lines going through 50 in strong fashion. On the higher TF's you still see nothing off course. I like to think its going to the ema75 for that TF at least. In this case the purple one(ema75min5). Usualy I TP halve of my trade; sometimes just all. I closed the trade after the Gilead headline anyway because I wanted to play ES; dear that one was tasty!!

You could have scaled this one up as well btw by watching the higher TF to see this beautifull flow from min15 chart; so at least to the ema75 for that TF(min15; the green) or the pivot off course because it was near by
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Forexmin5.png Size: 55 KB
Click to Enlarge Name: Forexmin15.png Size: 56 KB
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