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Daily Trading Strategy [ADR + RSI = High Probability]

  • #561
  • Aug 24, 2020 6:36am Aug 24, 2020 6:36am
Quoting sixbuttons
{quote} No, ADR hit 95% and started to retrace so I am at that point looking for an entry.
That's why I asked for the indicator settings. With default-settings (ADR 15 days, ADR starts at 00:00 broker time) the ADR for today is almost 87% for AUDNZD so there is no entry signal yet...
  • #562
  • Aug 24, 2020 6:53am Aug 24, 2020 6:53am
Quoting vPriVate
{quote} That's why I asked for the indicator settings. With default-settings (ADR 15 days, ADR starts at 00:00 broker time) the ADR for today is almost 87% for AUDNZD so there is no entry signal yet...
I can assure you on my side AUDNZD reached a high of 96% ADR according to the dashboard.

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  • #563
  • Aug 24, 2020 7:02am Aug 24, 2020 7:02am
Can't confirm this... 2 different indies with other values...
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  • #564
  • Aug 24, 2020 7:25am Aug 24, 2020 7:25am
Quoting vPriVate
Can't confirm this... 2 different indies with other values... {image}
Every broker is different. Part of the problem of dealing in absolutes with Forex - without a centralised market you quite simply can't.

Anyone else get AUDNZD up in the high 90s this morning? Ah-Ong appears to have had similar readings to me.
  • #565
  • Aug 24, 2020 8:08am Aug 24, 2020 8:08am
Quoting sixbuttons
{quote} Every broker is different. Part of the problem of dealing in absolutes with Forex - without a centralised market you quite simply can't. Anyone else get AUDNZD up in the high 90s this morning? Ah-Ong appears to have had similar readings to me.
Yes, I also got the alert.
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  • #566
  • Aug 24, 2020 8:15am Aug 24, 2020 8:15am
Quoting vPriVate
Can't confirm this... 2 different indies with other values... {image}
Try this
https://www.forexfactory.com/thread/...0#post13127960
  • #567
  • Edited 8:51am Aug 24, 2020 8:33am | Edited 8:51am
CHFJPY short - ignore the yellow line, I've literally just taken this one. 0.1% risk (1x).

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  • #568
  • Aug 24, 2020 8:43am Aug 24, 2020 8:43am
Second forecast from yesterday.
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  • #569
  • Aug 24, 2020 9:30am Aug 24, 2020 9:30am
CHFJPY closed early in profit - MACD cross
  • #570
  • Aug 24, 2020 9:39am Aug 24, 2020 9:39am
Some other alerts that popped up:

AUDCAD short hit the ADR alert but did not have any OB RSI arrows on the 15m, so that's an invalid signal and will not be pursued any further today

CADCHF Long and EURCAD Short have hit the ADR alert and are now waiting to either become valid or invalid signals. Monitoring them on the 15m.
  • #571
  • Aug 24, 2020 9:49am Aug 24, 2020 9:49am
Quoting Ah-Ong
{quote} Try this https://www.forexfactory.com/thread/...0#post13127960
My values are fine, using them since a few days and had same results as other members. Even with the 3rd indicator the values are the same.
As you can see the range is fine as well, level starts at midnight brokertime.
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Maybe there was a breakout in AUDNZD that causes the ADR level (because there was only one candle near 100%).
  • #572
  • Aug 24, 2020 10:03am Aug 24, 2020 10:03am
US100 but not all confirmed
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  • #573
  • Aug 24, 2020 10:22am Aug 24, 2020 10:22am
Quoting webglobe
US100 but not all confirmed {image}
It seems that you like to trade index.
  • #574
  • Aug 24, 2020 10:29am Aug 24, 2020 10:29am
Quoting Ah-Ong
{quote} It seems that you like to trade index.
Yeah i just trade two instruments

DAX 30 and
STEP INDEX (deriv.com) - no fundamentals headache

but testing the pairs with this strategy
  • #575
  • Aug 24, 2020 10:30am Aug 24, 2020 10:30am
In on these two. Calling time on the markets at the London close might be a good idea but I don't have enough data yet. Either way I won't be taking new entries past 5pm GMT for now.

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  • #576
  • Aug 24, 2020 10:34am Aug 24, 2020 10:34am
FX TRADERS CHECK usdcad
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  • #577
  • Aug 24, 2020 10:55am Aug 24, 2020 10:55am
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That's the end of my day. Frustrating finish but not a losing day!

Could be because of trading after the London close or could just be bad luck. I might just monitor the potential trades after London tomorrow rather than get involved.
  • #578
  • Aug 24, 2020 11:20am Aug 24, 2020 11:20am
ADR active
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  • #579
  • Aug 24, 2020 11:31am Aug 24, 2020 11:31am
My end of the day.
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  • #580
  • Aug 24, 2020 11:41am Aug 24, 2020 11:41am
Two position pending ADR.
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