Williams%R, SAR X-over 15 minute candles | Page 30 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #581
  • Jun 17, 2020 11:52pm Jun 17, 2020 11:52pm
Quoting samsha786
{quote} Hi Rocky I appreciate you sharing your trading system with us. Finding it difficult to be consistently profitable. You seem to apply more than just Currency Strength when choosing a pair to trade. Can you offer more insights into what to consider when choosing the pair to trade? I do understand that there will be good and bad days, I'm just trying to figure out what I can do to keep me out of some of the bad ones.
Samsha, have a look at the attached word doc. I have marked some rudimentary Support and Resistance lines on the 60 Min Charts going into today's sessions. I do this every day. I start to get interested if/when Price approaches and then breaks these zones. Note however that when a S or R zone is broken I still will consider the time of day/ price v ATR / EMA separation etc. But it is system that serves me well. I don't get absolutely married to the zones but I am very aware of them. You have to be flexible and adapt. But if you go through this process every day and pay attention to these levels and how price reacts around them, you'll get some good trades. Example of not getting married to a position. Let's say that Price approaches a Support zone and I want a break short for trend continuation. If Price reaches that level and then turns around off the level I will adjust my thinking (perhaps we are going long and reversing now?) The best advise I got from a mentor many years ago was "novices focus on entry, professionals focus on structure". Once I changed my focus my results came with it. Once you get the structure right Rock Points entry method is GOLDEN. Let's see how Price plays off these levels tonight and lets see if any trades set up as a result. The USD denominated pairs a pretty "rangy" at the minute but the JPY denominated pairs have some solid movement. We'll know more in about 12 hours.
Attached File(s)
File Type: docx June 18 60 Min Mark Up Levels.docx   970 KB | 451 downloads
  • #582
  • Jun 18, 2020 9:12am Jun 18, 2020 9:12am
Another meh day for ny open 2 small winners, calling it quits for the day up 31 pips.
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  • #583
  • Jun 18, 2020 9:22am Jun 18, 2020 9:22am
Samsha, Robdragon is essentially correct. The indicators let you know when a trade might be setting up, the currency strength indicator gives you an idea which currencies might offer best opportunities. But the most important element is always prices structure. My favorites are breakouts of areas of consolidation.
  • #584
  • Jun 18, 2020 10:22am Jun 18, 2020 10:22am
Quoting rockypoint
Samsha, Robdragon is essentially correct. The indicators let you know when a trade might be setting up, the currency strength indicator gives you an idea which currencies might offer best opportunities. But the most important element is always prices structure. My favorites are breakouts of areas of consolidation.
Let me get in on this...Yes, areas of consolidation ..look at consolidation and drum roll...Breakout
Attached Image
  • #585
  • Jun 18, 2020 10:25am Jun 18, 2020 10:25am
Quoting RobDragon
{quote} Samsha, have a look at the attached word doc. I have marked some rudimentary Support and Resistance lines on the 60 Min Charts going into today's sessions. I do this every day. I start to get interested if/when Price approaches and then breaks these zones. Note however that when a S or R zone is broken I still will consider the time of day/ price v ATR / EMA separation etc. But it is system that serves me well. I don't get absolutely married to the zones but I am very aware of them. You have to be flexible and adapt. But if you go through...
Hi Rob. Thanks for your response. Truly appreciate it.
  • #586
  • Jun 18, 2020 10:27am Jun 18, 2020 10:27am
Quoting rockypoint
Samsha, Robdragon is essentially correct. The indicators let you know when a trade might be setting up, the currency strength indicator gives you an idea which currencies might offer best opportunities. But the most important element is always prices structure. My favorites are breakouts of areas of consolidation.
Thanks for clarifying.
  • #587
  • Jun 18, 2020 10:28am Jun 18, 2020 10:28am
Quoting driven18
{quote} Let me get in on this...Yes, areas of consolidation ..look where i entered ... what was there before entry? Consolidation and drum roll...Breakout {image}
Thanks for the example.
  • #588
  • Edited 9:55am Jun 19, 2020 9:41am | Edited 9:55am
The Dow today...BE +

The EURUSD today...BE +

There are some lessons for Rookies in these pics
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  • #589
  • Jun 19, 2020 10:10am Jun 19, 2020 10:10am
Turned into a better than expected day, had trouble getting up today so a little late to the party. Things were looking a little slow after some good over night moves, but patience paid off today and wound up with some solid trades. Kind of set my stops and just let things run for awhile, see what happens.
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  • #590
  • Jun 19, 2020 10:20am Jun 19, 2020 10:20am
Hi rockypoint,driven, shamsha hope all fine and doing well, come back again, busy in routine life, will post charts regularly from next week and participate maximum.
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  • #591
  • Jun 19, 2020 11:05am Jun 19, 2020 11:05am
nice trade Badell
  • #592
  • Jun 19, 2020 11:27am Jun 19, 2020 11:27am
Lets start weekend right..closing DOW and Shop, can not be too greedy ... ready to start on a cold bourbon barrel ale beer...
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  • #593
  • Jun 19, 2020 12:09pm Jun 19, 2020 12:09pm
Everyone enjoy their weekends, see you next week. Making my Mex Pizza tonite Nopales and Habaneros with Shrimp. Cold Bohemias
  • #594
  • Jun 19, 2020 1:07pm Jun 19, 2020 1:07pm
Hi badeel,

Could you tell us what kind of arrow indicator do u use?

Would u mind to share it?

thx
  • #595
  • Jun 19, 2020 1:40pm Jun 19, 2020 1:40pm
Quoting Tokken
Hi badeel, Could you tell us what kind of arrow indicator do u use? Would u mind to share it? thx
i using this indicator
just change color of arrows to white and all inputs false
Attached File(s)
File Type: mq4 PSAR-Alerts-Indicator.mq4   10 KB | 895 downloads
  • #596
  • Jun 19, 2020 2:38pm Jun 19, 2020 2:38pm
thx badeel,

what are your entry rules?
  • #597
  • Jun 20, 2020 2:34am Jun 20, 2020 2:34am
Hi!
Guys can you tell your average month income from trading like this? For example for the last 1-3 month.
  • #598
  • Jun 20, 2020 11:38am Jun 20, 2020 11:38am
Evocati, My income is nobodies business but my own. So all I will say about it is I've made a very good living trading since 2006. Whether you can make a living doing this will depend on a number of things money management, risk analysis, discipline etc. You will not make a living trading a $1k account supplemental income yes. You need to trade and see what you can do on a monthly basis and go from there. Honestly I know that most traders will fail to achieve the consistency to become full time traders.
  • #599
  • Jun 20, 2020 12:19pm Jun 20, 2020 12:19pm
Quoting Tokken
thx badeel, what are your entry rules?
1. before NY open selection of right pairs important, almost ten to fifteen minutes before NY open checked pairs making clear down or up movement with small candle formation, no long wicks and big candles. avoid range pairs.( very important to catch right pairs each day for consistency, if you failed to decide pairs dnt trade that day)

2. pair respecting higher high and lower low formation it should be your target, moving average, William and psar arrow just helping hand to catch good entry, other wise basic entry is depend on price action.

3. after NY Open watch market for two hours after every 5 minute closely with focus, sometime signal triggered early sometime wait for two hours and got nothing.



thanks
  • #600
  • Jun 20, 2020 1:28pm Jun 20, 2020 1:28pm
Quoting rockypoint
Evocati, My income is nobodies business but my own. So all I will say about it is I've made a very good living trading since 2006. Whether you can make a living doing this will depend on a number of things money management, risk analysis, discipline etc. You will not make a living trading a $1k account supplemental income yes. You need to trade and see what you can do on a monthly basis and go from there. Honestly I know that most traders will fail to achieve the consistency to become full time traders.
I did't want to know your income in money. I just wanted to know results of your trading system in percent per month. But all what you said in your post I know and undestand. Thank you for that.
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