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  • #4,061
  • Nov 24, 2020 5:07am Nov 24, 2020 5:07am
Quoting coolsjc
@LauraT, When loading the True Trend indicator on MT4, pair ADR data on top left corner disappears. Any remedy for this?
Unfortunately it seems not.
  • #4,062
  • Nov 24, 2020 6:19am Nov 24, 2020 6:19am
Quoting LauraT
Just a reminder of what's possible on, relatively speaking, higher timeframes. Instead of my usual 1m (or tick chart) Dow trade, I took an entry on the 5m last night. I was waiting for the trendline to be broken AND for the high to be taken out before I got in. Got out this morning with 273 points. {image}
when you taking a different timeframe for dow , do you change the trendband to the slower one?
  • #4,063
  • Nov 24, 2020 6:30am Nov 24, 2020 6:30am
Quoting ylmas
{quote} when you taking a different timeframe for dow , do you change the trendband to the slower one?
Yes - if you are trading 5m+ you should use the slower TrendBand.

I didn't actually use either of them for my entry or exit but, if using them, fast for 1m/tick and slow for 5m+
  • #4,064
  • Nov 24, 2020 7:00am Nov 24, 2020 7:00am
New Journal Entry - Advanced/Aggressive Entries

https://www.forexfactory.com/thread/...7#post13279697

Please keep any comments or queries in here as the journal is for information purposes only.

Thanks.
  • #4,065
  • Nov 24, 2020 7:03am Nov 24, 2020 7:03am
AUDUSD - Last night (Few hours after ASIAN OPEN).

Wanted to target ADR High but as I went to sleep moved my TP a bit lower and moved my S/L under the recent swing. During the entry the RSI was at 61
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  • #4,066
  • Nov 24, 2020 7:46am Nov 24, 2020 7:46am
Quoting LauraT
{quote} Yes - if you are trading 5m+ you should use the slower TrendBand. I didn't actually use either of them for my entry or exit but, if using them, fast for 1m/tick and slow for 5m+
LauraT, what is the recommended Time frame (1m/5m) and Trend Band (RSI2/9 or Composite RSI) for Gold XAU/USD?
Consistency & Patience
  • #4,067
  • Nov 24, 2020 8:00am Nov 24, 2020 8:00am
Quoting coolsjc
{quote} LauraT, what is the recommended Time frame (1m/5m) and Trend Band (RSI2/9 or Composite RSI) for Gold XAU/USD?
For Gold these days I'd go for the 5m timeframe and the slow/normal TrendBand (not the indices one).
  • #4,068
  • Nov 24, 2020 8:19pm Nov 24, 2020 8:19pm
Quoting LauraT
New Journal Entry - Advanced/Aggressive Entries https://www.forexfactory.com/thread/...7#post13279697 Please keep any comments or queries in here as the journal is for information purposes only. Thanks.
Greetings Laura,

Any preference on the RSI and the MTF dashboard while making the decision.



https://www.forexfactory.com/attachm...1&d=1606222633
  • #4,069
  • Nov 25, 2020 12:31am Nov 25, 2020 12:31am
Considering the Channels, mainly by 15min chart / channel, and all time highest in BITCOIN 19500.00,
open the trade once price drop below the 15min channels and retest and passed below 15min lower line,
*** didnt consider the RSI combination value - since its all time HIGH***
yet going good
Thx Laura!
Cheers
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  • #4,070
  • Nov 25, 2020 5:04am Nov 25, 2020 5:04am
Quoting Hooman86
{quote} Greetings Laura, Any preference on the RSI and the MTF dashboard while making the decision. {image}
It's going to have to be left to the discretion of the trader for these types of entries, as RSI and MTF dashboard often won't be supportive.

The aggressive entries are likely to be based on things like trendline breaks, market structure, price closing in relation to 8EMA channel etc.

However, there will be times when everything does line up - it'll just be rare.
  • #4,071
  • Nov 25, 2020 3:14pm Nov 25, 2020 3:14pm
Quoting LauraT
{quote} It's going to have to be left to the discretion of the trader for these types of entries, as RSI and MTF dashboard often won't be supportive. The aggressive entries are likely to be based on things like trendline breaks, market structure, price closing in relation to 8EMA channel etc. However, there will be times when everything does line up - it'll just be rare.
and look left, e.g. the high/low of last week
  • #4,072
  • Nov 30, 2020 9:33pm Nov 30, 2020 9:33pm
Trade on GJ (DEMO)- 6:30 PM CT

 

  1. Price above SMA 200
  2. Price broke trendline
  3. RSI and MTF in support
  4. TP at the Yesterday's high
  5. S/L below the SMA

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  • #4,073
  • Dec 2, 2020 4:58am Dec 2, 2020 4:58am
Losing trades today. Can anyone comment of the entry accuracy?

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  • #4,074
  • Edited 5:42am Dec 2, 2020 5:31am | Edited 5:42am
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}
The first trade, as for me, really good! Manage is poor))

In other...you entered in areas of strong levels, and dont wait for reaction of the price to them.

Anyway its just your experience, and in a period of time youll understand it. There are no rude mistakes
  • #4,075
  • Dec 2, 2020 5:54am Dec 2, 2020 5:54am
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}
I will give it a try

NU:

One thing that would have put me off taking this trade was the fact that price failed to create an new High prior to your entry and price struggled to stay above Yesterdays High. The trend was already quite "old" and structure was weakening. Once in the trade taking partials might have been a good option when price spiked in your favor (Always easy to say in hindsight haha)

UF:

If I read markets correctly based on your screenshot.you entered during some market expansion where price created a Lower Low and a Higher High thereafter, so in my opinion it was where uncertain where price will go next at the time of your entry.

EU:

Similar to NU - Price failing to stay above Yesterdays High would have alarmed me and price was already really stretched from yesterdays climb. Right before your entry price almost didn't succeed in forming another Higher Low

EC:

You fought bearish momentum and again the size of the waves and market structure indicated the trend weakening



By no means I'm an expert but I hope my view on things will help
  • #4,076
  • Dec 2, 2020 6:09am Dec 2, 2020 6:09am
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}
You will be answered later by more experienced traders.I am just trying to understand your request NZDUSD 5 min--what is your entry method is it 2 closes outside the ma's--That market had three times attempted to go above 0.7072 as I am also learning I would not have entered where you did as it had already moved up significantly from a Low on Dec 1st. are you an intraday scalper or longer term one? EURCAD 5 min--another example of a huge move up from a previous Low on Dec 1 so you had a bout 135 pip upmove and appear to have entered for a long shortly after that high point the MA's were pointing down so I would have suggested a short where you went long may have been a better---The EURUSD 5 min There are two trades marked, the first is another example of a significant move up of some 130 pips from that Low on Dec 1. If this first trade was a short then it was a good entry as ma's were also confirming down-- That second entry was going nowhere but as we do not know your entry criteria it's difficult to help. USDCHF 5 min Not sure where the entry was as there are 3 marks on your chart--the last two marks suggested you went long and got stopped out I don't know how to comment as there were signals to go long but it reversed and maybe that's all there is to it. Wait as I am sure Laura will be able to comment when she can with better explanations than mine
  • #4,077
  • Dec 2, 2020 3:14pm Dec 2, 2020 3:14pm
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}
For the NU:
1. You trade 5 min, you want quick win.
Then you need watch the chart consistently. Or you setup the trade and walk away?

2. did you use trend line or speed line to protect your trade? the stop loss is disaster protection.
it doesn't mean close the trade at the stop loss. once trend line or speed line is broken, you should
think lose less rather than win more.

That's what I think.
  • #4,078
  • Dec 2, 2020 4:31pm Dec 2, 2020 4:31pm
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}
Trade in M5, lose in M5, when price break trendline in M5, long trade is over. Don't move to M15 and still watch. Trade in small time frame means trade quickly, quick win and quick lose. It doesn't mean quick win and no lose. What we want is big win and small lose. Therefore, small lose is healthy to your trade. If you move to big time frame when lose in small time frame, you are making big lose. That's will hurt your account.

For a good trade, the initial trend line will never be broken before the trend is over. Otherwise, market is ranging or in opposite trend, that's when you should close your trade. Don't expect, act after it happen.

In your case, there is already a lower high, and a down trend line can be drawn, and it break up trend line, then it is an opportunity to short. See Laura's latest Journal.
  • #4,079
  • Dec 2, 2020 6:24pm Dec 2, 2020 6:24pm
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}
Multi time frame analysis means analysis in multiple time frames before you open a trade. We try to catch a big trend at the very beginning.
That's not saying lose in bigger time frame.
  • #4,080
  • Dec 2, 2020 6:33pm Dec 2, 2020 6:33pm
Quoting saha007
Losing trades today. Can anyone comment of the entry accuracy? {image}{image}{image}{image}

Hello Saha and everyone,regards and much respect to Laura,

It has been some months well that I didn't reply here,sorry that we're in a pandemic now,time gave me the freedom and devotion to trade such a method,the best of FF in trading systems.Here I will comment on your screenshots.

NZDUSD - Higher highs came to an end,at some point in the trend it will,my price action lines which i trade with deadly accuracy gave me indication that higher prices are no more,my zone created there can be used as support,turncoat,maybe too early for that.But the end result is a channel cross with entry being at the pullback area at the the high 8ema,however,SL can be above the trendline rejection point 20 pips.The channel re-entered later with another sell setup,made H/S pattern selling dropping about 30 pips,until it encountered yesterday's channel failure or a retest of previous highs as well,price shoot up reaching the 200,testing and breaking through,once support now resistance.......market structure is the foundation in trading
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