My Way | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Money management in trading - the stupid way and the right way 22 replies

Hard Way, Easy Way 115 replies

Is the martingale way the only way in Forex? 34 replies

Simple Way is the most advance way... 11 replies

2 Way VS 1 Way Analysis 9 replies

Attachments: My Way
Exit Attachments

My Way

  • #101
  • Jan 25, 2021 11:17am Jan 25, 2021 11:17am
Quoting hasib
Here is a possible buy entry, and possible stop and tp. It is an example I miss this trade. Price above MDC and RSi is above 55. you need is this for buy. Ask questions, for Better understanding. You can have better results If you select one or 2 pair, 2 to 3 TF for trading entry. For analysis or market understanding you can use all the TF No problem. {image}
Hey, so do you check the higher time frame to see if the entry rules are also active (middle donchian, RSI above/below) there and then place your trade? or do you use the higher tf for the trend direction long/short?
And it's gone! - poof
  • #102
  • Jan 25, 2021 11:53am Jan 25, 2021 11:53am
Little scalp in the M5 chart. Pips hunting is done for the day. I will hunt more pips on my way tomorrow. I will focus on Gold and GU. You can join me too.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 61 KB
MA provides the market's current direction and strength.
  • #103
  • Jan 25, 2021 12:02pm Jan 25, 2021 12:02pm
Quoting Selavi1
{quote} Hey, so do you check the higher time frame to see if the entry rules are also active (middle donchian, RSI above/below) there and then place your trade? or do you use the higher tf for the trend direction long/short?
I focus on GU and Gold. so I kind of know what's going on in the market. when I trade M5 I trade based on M5 no Higher TF. But I know what is going on in H1 and H4 since I use the triple screen for trading.
If you look at my GU m5 scalp you will see No higher tf buy signal I got. I got a buy signal in M5 I execute it. If it hit sl no problem I have already made my share of pips today.
when the price is above middle dc I try to buy as low as possible before it runs up.
RSI gives us strength information. If RSI is above 55 we expect the price will go up.
MA provides the market's current direction and strength.
  • #104
  • Jan 25, 2021 1:32pm Jan 25, 2021 1:32pm
Hi Hasib, it's good to see you are continuing with the thread. That is great. I am happy about That.
Could you please share the indicators you are using and if necessary settings?
Thank you and all the best to you
  • #105
  • Jan 25, 2021 1:59pm Jan 25, 2021 1:59pm
Quoting hasib
Little scalp in the M5 chart. Pips hunting is done for the day. I will hunt more pips on my way tomorrow. I will focus on Gold and GU. You can join me too. {image}

great job the admin, but you have not uploaded the indicator you are using
  • #106
  • Jan 25, 2021 2:31pm Jan 25, 2021 2:31pm
Quoting youngjosh
{quote} great job the admin, but you have not uploaded the indicator you are using
It is donchian channel,the one on the chart.
The other one is StepMA,you can find them with googling.
  • #107
  • Jan 25, 2021 3:27pm Jan 25, 2021 3:27pm
Good stuff
MTN
  • #108
  • Jan 25, 2021 4:03pm Jan 25, 2021 4:03pm
Quoting PixelSniper
{quote} It is donchian channel,the one on the chart. The other one is StepMA,you can find them with googling.
yes, I shared nothing new, practice and focus will create the difference. In fact if anyone create a ea with it it will have very low win rate but in manual trading it works very well.
MA provides the market's current direction and strength.
  • #109
  • Jan 26, 2021 2:31am Jan 26, 2021 2:31am
I have got my H4 entry but I could not enter sell I miss the trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 56 KB
MA provides the market's current direction and strength.
  • #110
  • Jan 26, 2021 6:38am Jan 26, 2021 6:38am
Maybe to combine the system with the ADX indicator as confirmation?!
And it's gone! - poof
  • #111
  • Edited 4:52pm Jan 26, 2021 6:52am | Edited 4:52pm
Here is all the indicator you need.
I use default settings.
only smtmms - I hide all the color
Attached File(s)
File Type: ex4 Advanced ADX - 2 alerts.ex4   10 KB | 381 downloads
File Type: ex4 APB_HA (auto-width) On_Off.ex4   17 KB | 423 downloads
File Type: ex4 DonchianChannels.ex4   8 KB | 404 downloads
File Type: ex4 FXSSI.RoundLevels.ex4   63 KB | 391 downloads
File Type: ex4 smTMMS Oscillator_v7.3.1.ex4   47 KB | 389 downloads
File Type: ex4 step one more average 2.3 mtf histo.ex4   35 KB | 396 downloads
MA provides the market's current direction and strength.
  • #112
  • Jan 26, 2021 8:44am Jan 26, 2021 8:44am
Quoting Selavi1
Maybe to combine the system with the ADX indicator as confirmation?!
if you like to use adx. you can use this
Attached File(s)
File Type: rar Advanced ADX - 2 alerts.rar   8 KB | 358 downloads
MA provides the market's current direction and strength.
  • #113
  • Jan 26, 2021 9:17am Jan 26, 2021 9:17am
I can see ADX filter out some bad trade, Although we will not trade that kind of choppy market, ADX could be a good tool for avoiding some of those Choppy markets.
MA provides the market's current direction and strength.
  • #114
  • Jan 26, 2021 11:13am Jan 26, 2021 11:13am
M15- Today's possible entry in Gbpusd.
Post your chart for better understanding and learning.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 43 KB
MA provides the market's current direction and strength.
  • #115
  • Jan 26, 2021 11:17am Jan 26, 2021 11:17am
H1- Today's possible entry in GU.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 38 KB
MA provides the market's current direction and strength.
  • #116
  • Jan 26, 2021 11:21am Jan 26, 2021 11:21am
M5- today's possible entry in gu
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 45 KB
MA provides the market's current direction and strength.
  • #117
  • Jan 26, 2021 11:44am Jan 26, 2021 11:44am
Nice job master, i ll check it and give feedback!
And it's gone! - poof
  • #118
  • Edited 2:34pm Jan 26, 2021 2:20pm | Edited 2:34pm
GBPUSD analysis

Monthly chart
1. RSI is above 55 and it is pointing up.
2. Stoch is pointing up
3. ADX is moving upside. ADX was below 25 now it is rising up.
4. Step Ma is up too
Summary Trend is up.

Weekly chart
1. RSI is above 55 and it is pointing up
2. Stoch is pointing up
3. ADX in buy for a long time.
4. Step Ma is up too
Summary Trend is up.


Daily chart
1. RSI is above 55 and it is pointing up
2. Stoch is pointing up
3. ADX is below 25 so the market is slow but it is rising, so an up side move is possible.
4. Step Ma is up too
Summary Trend is up but the market is slow.


H4 chart
1. RSI is above 55
2. Stoch is pointing up
3. ADX is below 25 as the daily chart but in the h4 chart, there is no upside indication. indicating the market is in a range.
4. step Ma is in upside momentum.

Monthly to H4 in all chart price is above MDC, Close to UDC line.

Our overall market understanding is done now we will look for a trading opportunity. If we do this journaling we will improve our understanding and trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 55 KB
Click to Enlarge Name: Screenshot_2.png Size: 41 KB
MA provides the market's current direction and strength.
  • #119
  • Jan 27, 2021 5:07am Jan 27, 2021 5:07am
who install and observe the strategy, that I have shared so far.
If I see no one is benefited from it or people are not interested anymore I will stop sharing here. If you are interested I will share more.
MA provides the market's current direction and strength.
  • #120
  • Jan 27, 2021 5:42am Jan 27, 2021 5:42am
Today 44 pips in gold. Ahead of fomc market is slow but I collect my pips when I see an opportunity.
Get 9 pips in GU too.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 48 KB
MA provides the market's current direction and strength.
0 traders viewing now