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1H Swing Trading on EURUSD

  • #801
  • Jun 19, 2020 8:09am Jun 19, 2020 8:09am
Quoting broketrader
I think that that was all for trend 20-18, of course, the close must still confirm that. {image} The retracement was so strong that of course there was some money left on the table but that's inevitable and I have no problem with that. I still made a profit of 2K on the whole operation and given that the trend was apparently only a retracement, I'm happy with the result. {image}
For me that impulse with so little retracement is proof of a change in market sentiment so I'm preparing to go long.
I will try to do as well in the next trend as I did in this one!
Simplicity is the Ultimate Sophistication.
  • #802
  • Jun 19, 2020 9:47am Jun 19, 2020 9:47am
Quoting broketrader
{quote} For me that impulse with so little retracement is proof of a change in market sentiment so I'm preparing to go long. I will try to do as well in the next trend as I did in this one!
What a trap! It made me enter 1 lot long but seeing the pa, I just closed and re-entered my previous trade...
Simplicity is the Ultimate Sophistication.
  • #803
  • Jun 19, 2020 9:58am Jun 19, 2020 9:58am
Quoting broketrader
{quote} What a trap! It made me enter 1 lot long but seeing the pa, I just closed and re-entered my previous trade...
market throws a number of curve balls at you...
i admire the way you handle the last few trades...
  • #804
  • Jun 19, 2020 10:59am Jun 19, 2020 10:59am
Quoting Del62a
{quote} market throws a number of curve balls at you... i admire the way you handle the last few trades...
Yeah, I lost some feathers in the battle but as long as I'm globally profitable, it's OK but what a mess
Simplicity is the Ultimate Sophistication.
  • #805
  • Jun 22, 2020 12:50am Jun 22, 2020 12:50am
Good morning and good trading week to all !

The peak of Friday gives a higher point to draw a new trend from the previous fake bull signal.

As a touch of the trend is always the best moment to add to the trade, it's also the time to watch the price action carefully as any close on the other side of the trend would just mean a possible reversal.

So I plan to add another short if we approach 12100 but cancel everything if after that we close above ~12150 in the following hours...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 150 KB
Simplicity is the Ultimate Sophistication.
  • #806
  • Jun 22, 2020 4:16am Jun 22, 2020 4:16am
It went to the other side so I think that we are done with 20-18 but who knows...
I took a loss of exactly what I wanted to risk on this (around 500) with the last trades, so everything is OK as I'm trading by the rules.

Now waiting a new signal to start trading 20-19 ...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB
Simplicity is the Ultimate Sophistication.
  • #807
  • Jun 22, 2020 8:50am Jun 22, 2020 8:50am
I'm long anticipating a bit the next signal...
Simplicity is the Ultimate Sophistication.
  • #808
  • Jun 22, 2020 10:05am Jun 22, 2020 10:05am
Quoting broketrader
I'm long anticipating a bit the next signal...
It's there, the first ray of what should be the next trend...
Waiting future retracements to SMA and trend-line, when there is one, to add more...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 99 KB
Simplicity is the Ultimate Sophistication.
  • #809
  • Jun 23, 2020 10:20am Jun 23, 2020 10:20am
Day 1 after the entry call...

We got a very nice impulse of around now 100 pips, the only retracement we got was at 3 am CET so I couldn't trade it as I was sleeping
I will just wait the next one...


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 100 KB
Simplicity is the Ultimate Sophistication.
  • #810
  • Jun 24, 2020 4:05am Jun 24, 2020 4:05am
Adding now ! I missed the low of the candle by 1 pip, can you believe it ?
But I still prefer to enter now, I think this was the retracement I was looking for, even if my entry is not optimal and that there is still risk for more...
Simplicity is the Ultimate Sophistication.
  • #811
  • Jun 24, 2020 4:27am Jun 24, 2020 4:27am
Quoting broketrader
Adding now ! I missed the low of the candle by 1 pip, can you believe it ? But I still prefer to enter now, I think this was the retracement I was looking for, even if my entry is not optimal and that there is still risk for more...
Should have been patient a bit more so I added one more below but could dump them all if the hour closes at the lows of the range...
Simplicity is the Ultimate Sophistication.
  • #812
  • Jun 24, 2020 8:21am Jun 24, 2020 8:21am
Quoting broketrader
{quote} Should have been patient a bit more so I added one more below but could dump them all if the hour closes at the lows of the range...
Went too low so dumped it all as the retracement is looking like a reversal now
Edit: Will re-enter if we approach again 1.13 or make a tentative at SMA
Simplicity is the Ultimate Sophistication.
  • #813
  • Jun 24, 2020 10:18am Jun 24, 2020 10:18am
Quoting broketrader
{quote} Went too low so dumped it all as the retracement is looking like a reversal now Edit: Will re-enter if we approach again 1.13 or make a tentative at SMA
No way, it's a reversal, nothing to do except take the losses and wait for the next...
Simplicity is the Ultimate Sophistication.
  • #814
  • Jun 24, 2020 12:28pm Jun 24, 2020 12:28pm
Quoting broketrader
{quote} No way, it's a reversal, nothing to do except take the losses and wait for the next...
Why do you think it's a reversal ?
  • #815
  • Jun 24, 2020 1:03pm Jun 24, 2020 1:03pm
Quoting dmti
{quote} Why do you think it's a reversal ?
Well, firstly, by a reversal I mean that we could have a bear signal in the following hours.

The thing is that I don't want to be long and with losses at the moment I get that signal, I prefer to get the losses now if I see that the price action is not doing as I expected and eventually re-enter later if we are back to 1.1290 or higher.

Now, looking at the chart below, my decision was based on:

1) No follow-through on that bullish pin-bar,
2) Price leading towards SMA in a lengthy but consistent fashion, while I prefer quick tests followed by rejections like that pin-bar.
3) SRSI is near 60 which means that as soon as we will touch the SMA, a bear signal will appear.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB


A reminder for myself: Next time you see a pin-bar followed by such bearish candle, just close. I did it but a bit later...
Simplicity is the Ultimate Sophistication.
  • #816
  • Jun 24, 2020 1:38pm Jun 24, 2020 1:38pm
Quoting broketrader
{quote} Well, firstly, by a reversal I mean that we could have a bear signal in the following hours. The thing is that I don't want to be long and with losses at the moment I get that signal, I prefer to get the losses now if I see that the price action is not doing as I expected and eventually re-enter later if we are back to 1.1290 or higher. Now, looking at the chart below, my decision was based on: 1) No follow-through on that bullish pin-bar, 2) Price leading towards SMA in a lengthy but consistent fashion, while I prefer quick tests followed...
okay, thank you for your explanations.
  • #817
  • Jun 25, 2020 12:24am Jun 25, 2020 12:24am
Entered a short on signal and cancelled as I'm not really convinced.
I will wait confirmation with more downside movement and eventually enter on retracement.
Simplicity is the Ultimate Sophistication.
  • #818
  • Jun 25, 2020 2:37am Jun 25, 2020 2:37am
Hi. Could someone please make me an ea that closes open trades based on the stochastic value?

I will manually place the trades, I only want this ea to close open trades.

Criteria for closing buy trades:
k line of stochastic has crossed above value 80
*please assign input to stochastic value so that I can change the value if necessary

Criteria for closing sell trades:
k line of stochastic has crossed below value 20
*please assign input to stochastic value so that I can change the value if necessary

please make this work on every tick and make the time period current

Thank you
  • #819
  • Jun 25, 2020 4:41am Jun 25, 2020 4:41am
Quoting ajc922
Hi. Could someone please make me an ea that closes open trades based on the stochastic value? I will manually place the trades, I only want this ea to close open trades. Criteria for closing buy trades: k line of stochastic has crossed above value 80 *please assign input to stochastic value so that I can change the value if necessary Criteria for closing sell trades: k line of stochastic has crossed below value 20 *please assign input to stochastic value so that I can change the value if necessary please make this work on every tick and make the...
Wrong thread.
Put your request in Platform tech: like I will code your EAs and Indicators for no charge
  • #820
  • Jun 29, 2020 3:49am Jun 29, 2020 3:49am
I remember looking at this thread in the early days and not giving it much thought. I come back a few months later and see that it has turned into a really nice methodology for trading.
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