{quote} These settings look good to me.{image}
Hi guys, forex market conditions have been tough, price whipsawing (liquidity challenges?).... tip for any scalpers willing to put in the work have a look at the DE30index and JAPANIndex (great daily movement) look on the 15min TF you may find some joy (RH method indicators ofcourse RSI must have crossed the purple line for entry)... took the last 30days to test and work on some new ideas....
ive just shared the most successful find
good luck!
ive just shared the most successful find
good luck!
The more you learn, the more you see
- #5,823
- Jun 24, 2020 8:12am Jun 24, 2020 8:12am
Hi All,
Just went long on GBP/CHF . Although I didn't feel good about this trade, I decided to go solely based off of my indicators.
this is a H4 trade.
The D1 chart looks like this:
Any suggestions?
Just went long on GBP/CHF . Although I didn't feel good about this trade, I decided to go solely based off of my indicators.
this is a H4 trade.
The D1 chart looks like this:
Any suggestions?
- #5,826
- Jun 24, 2020 9:02am Jun 24, 2020 9:02am
Hi All, Just went long on GBP/CHF . Although I didn't feel good about this trade, I decided to go solely based off of my indicators. {image} this is a H4 trade. The D1 chart looks like this: {image} Any suggestions?
- #5,827
- Jun 24, 2020 9:21am Jun 24, 2020 9:21am
{quote} I think short enrty after the price pull back is a good set up more than long because in Daily show down trent and price is retrace
As I see it now after about an hour, I must have waited for the current H4 candle to get closed and if it remained blue/blue and the HMA was still green, then I should have entered long.
my takeaway from this loss trade: in uncertain choppy markets like this, I must enter a trade not after the setup candle, but only after the second candle after the setup has closed in the intended direction!!!
I have the same problem here:
I entered based on the indicators but it hasn't flourished into a profitable trade yet!
I did the same with NZD/JPY and I entered on the third candle instead of the second candle after the setup candle, but still am in the same dilemma.
So I Guess this trade contradicts my own rule stated above!!!
I am very confused now. what would you do in these situations?
{quote} Yes, you're right. I considered the H4 cross and entered based on the indicators showing a long continuation trade. Also This daily retrace, could become a large move on D1. As I see it now after about an hour, I must have waited for the current H4 candle to get closed and if it remained blue/blue and the HMA was still green, then I should have entered long. my takeaway from this loss trade: in uncertain choppy markets like this, I must enter a trade not after the setup candle, but only after the second candle after the setup has closed...
if i am trading the nzd/jpy but im not cause the trend goes nowhere i would enter there
the same with the aud jjpy i would enter on my cursor i set but i dont trade cause this pair is only going in a sideway channel so decided to wait out because low risk and reward ratio and space for the price to go down....maybe will decided to enter if there is a sell signal after breakout
hope this helps
- #5,831
- Jun 25, 2020 2:08am Jun 25, 2020 2:08am
{quote} for the NZ /JPY YOU Should enter after the crossover of hma and ma5 if i am trading the nzd/jpy but im not cause the trend goes nowhere i would enter there {image} the same with the aud jjpy i would enter on my cursor i set but i dont trade cause this pair is only going in a sideway channel so decided to wait out because low risk and reward ratio and space for the price to go down....maybe will decided to enter if there is a sell signal after breakout {image} hope this helps
Yeah, I shouldn't have entered any trade. As I see the market, we've had a choppy market this week. I see other traders using other systems/methods have made very good profits using lower time frames by using S/R , Trend line , fibo and ...
this is some trades taken by a trader on GBP/USD yesterday:
I am trying to come up with filters and methods to use RobinHood's method on lower time frames, I'm curious if anyone else here on this thread, has ever tried to use this method on lower time frames with success?!
{quote} Hi Warsito123, Yeah, I shouldn't have entered any trade. As I see the market, we've had a choppy market this week. I see other traders using other systems/methods have made very good profits using lower time frames by using S/R , Trend line , fibo and ... this is some trades taken by a trader on GBP/USD yesterday: {image} I am trying to come up with filters and methods to use RobinHood's method on lower time frames, I'm curious if anyone else here on this thread, has ever tried to use this method on lower time frames with success?!
there is a signal to sell GBP/usd but its 00:00 my time so i am asleep ATM
- #5,833
- Jun 25, 2020 2:18am Jun 25, 2020 2:18am
{quote} Hi Warsito123, Yeah, I shouldn't have entered any trade. As I see the market, we've had a choppy market this week. I see other traders using other systems/methods have made very good profits using lower time frames by using S/R , Trend line , fibo and ... this is some trades taken by a trader on GBP/USD yesterday: {image} I am trying to come up with filters and methods to use RobinHood's method on lower time frames, I'm curious if anyone else here on this thread, has ever tried to use this method on lower time frames with success?!
- #5,835
- Jun 25, 2020 4:04am Jun 25, 2020 4:04am
{quote} Hi Warsito123, Yeah, I shouldn't have entered any trade. As I see the market, we've had a choppy market this week. I see other traders using other systems/methods have made very good profits using lower time frames by using S/R , Trend line , fibo and ... this is some trades taken by a trader on GBP/USD yesterday: {image} I am trying to come up with filters and methods to use RobinHood's method on lower time frames, I'm curious if anyone else here on this thread, has ever tried to use this method on lower time frames with success?!
When there are no higher timeframe setups then I start to look for lower time frames. 5 minute time frame works well for me as you have the benefit of 1 min for tuning and 15 min for confirmation. So far my trial on the 5 min is going well. However, its even more important to 'look left' on lower TFs. Look for nice orderly candles. If it looks choppy then dont enter. I tend to exit much more hastily on the lower TFs when I can see the tide turning.
Hi All,
I haven't had a good trading week so far. I got stopped out on many trades. So I decided to wait for explicit signals on D1 time frame and then Enter with very good confirmations from H4 and D1.
So here are the charts that I am watching and waiting to get out of this damn choppy market
1st: AUD/USD - D1 is showing a long signal:
But on the H4 there is a visible area of R. So I'll enter at the break and re-test of this R zone:
2nd: NZD/USD - D1 is showing a long signal:
H4 is still in the range area. I am using S/R analysis to make sure a buy signal wouldn't turn out fake again:
3rd: EUR/JPY - it is showing a long entry on D1. but seems to be a very weak move:
and the H4 is still wondering where it wants to move!!!
I haven't had a good trading week so far. I got stopped out on many trades. So I decided to wait for explicit signals on D1 time frame and then Enter with very good confirmations from H4 and D1.
So here are the charts that I am watching and waiting to get out of this damn choppy market
1st: AUD/USD - D1 is showing a long signal:
But on the H4 there is a visible area of R. So I'll enter at the break and re-test of this R zone:
2nd: NZD/USD - D1 is showing a long signal:
H4 is still in the range area. I am using S/R analysis to make sure a buy signal wouldn't turn out fake again:
3rd: EUR/JPY - it is showing a long entry on D1. but seems to be a very weak move:
and the H4 is still wondering where it wants to move!!!