Williams%R, SAR X-over 15 minute candles

forexschoolonline.com/swing-high-swing-low/ go here better than a chart.

Thank you so much. Really appreciated.

What combination do you use for this strategy? Is 3 bars good enough, like the one in Daz 3 bar fractal approach?

Nevermind, working on swing and low on most recent 3 candles that form that pattern for now. Thanks for the info earlier. Was useful.

Using initial swing highs and lows I get quite wide gaps. You mentioned somewhere that you have to keep moving stops - just trying to figure out what you do to achieve your 6 - 8 pip stop average. Do you move stops in relation to new swing highs and lows that are created or are you applying some other method?

As of right now there really is nothing that looks worthwhile to trade all my pairs are in a tight range. See if anything develops.

The feeeeeeling of BE + 5 - priceless...

I am showing Rocky template, but I also use other methods for entry and trailing....

2 trades in Profit , 1 BE.

Rocky, when you look at 1Hr or 15 min strength for the pair and you see that EURJPY is a Buy, it means that it is already been going up for awhile and we can see it on the 5 min chart......so do you wait for pullback to enter the same strength direction or you look to trade the reversal of that direction?

Rocky, Nice and simple strategy. works well.

If the trend has been lengthy say at least 2-3 hours I look to trade with the trend, Shorter will go either way look for divergences.

rocky - awesome thread and strategy, looks like it has brought good successes!

I have one question though. In applying the indicators and checking charts, it seems that the Williams %R is somewhat redundant. For example, I cannot find any instances of a SAR cross that doesn’t already have the %R going in the favorable direction.

do you use different settings for the %R than what is standard in TOS?

Rocky...just when I thought I was out of scalping ..you pulled me back in...

You have 3 no actually 4 components to system PSAR, EMA, W%R and the most important price action. The first three could start you looking for a trade doesn'rt matter what order they trigger in just that all of them point toward possible trade, Price action confirms the trade entry. You need to sort the signals out
which is done by price action, if you just used the indicators and took every trade, system is a loser.

No as far a W%R crossing the -50 line is the simple part, ther is other information available to you. 1) Divergences, example all the indicators point toward Bullish entry, but WPR gives you Bearish divergence do you enter or wait to see if price than reverses, then returns to the trend. 2)You are in a trade with some decent profit And a Divergence pops up Do you look for an exit or not? 3) Price has stayed below -50 line for last 2 hour Now you get a Bullish signal as WPR peaks above -50 whats your choice take signal or not? All the indicators have their subleties, Its not just price is above ema, WPR crossed -50 ,PSAR flipped, plus candles are more than just OHLC. there is size, wicks indivdually tell you something, their patterns tell you something, Do you enter on a Bearish pin bar? All 4 components offer you an edge if you learn to interpret the information correctly.

The reason I don't care for EA's is they are too black and white they lack discretion.

To Diven18, LOL the thrill of a little adrenaline pop is why I love day trading.

Ok done for the day turned out better than expected.

hi everybody missed some solid set ups but still manage to collect some profit, got very good signal of AUDJPY and close little earlier in hurry, need more patience let profit run and close loss.

Rocky Hello
Is it possible to adapt this thread to another instruments like stocks, features or options?
The reason I'm asking is because there is no opportunity to trade Forex in KZ with Ameritrade. Stocks and options the only instruments I've got to trade
Thank you and good luck

May I know how you choose currrency pairs, do you use currency strength meter

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