Trend Cycle Entry

Quoting oohoo

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WickedDaddy, I know you use TV. Do you apply StochRSI and BB to regular candles or to HA?

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Quoting yczzd

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Hi, wickeddaddy, Thank you very much for your contribution. Would you mind providing a true trading exposure? Thank you in advance。

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Quoting WickedDaddy

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{quote} Someone is paying attention! Ha! Well done. I will explain: A "cycle" is a retrace in which the StochasticRSI travels fully to the opposite extreme. So yes, it appears the first cycle had already occurred. Here's the catch: The Stochastic cycle had not ended AND the candles had not intersected with the BB. At the point the candles did intersect the BB, the StochasticRSI had returned to below 20% without cycling upward to 80% or even midway to 50%. Anything below (for longs) or above (for shorts) is not a completed cycle. So in this case,...

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Quoting WickedDaddy

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{quote} I assume you mean that I will post a trade live. Certainly. I have taken about week off, as the Ukraine situation is better avoided and I am having a pool and outdoor entertainment area built in my backyard. The construction has been intense. It's been difficult to focus on anything else. I expect to trade this week and will post a "live" trade at the point I enter. I'm watching EURUSD for a possible set-up on the hourly chart as I type this. It's in the 3rd cycle, which is not good, but I'm contemplating it anyway. AUDUSD also is setting...

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Quoting Hazeem

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{quote} Regarding the trade dated Jan 12, 2022, the set up looks nice and I tried to zoom into the picture, the stochastic was a nice 1st cycle execution but the price only bounced on the 15 ema and nearly touched the lower BB. So, why did you take the trade? What else did you see to must have entered that trade???

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Quoting Hazeem

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{quote} Hello WD, like I side, I m still learning your strategy and it worths the effort. I just want to make an observation from the little backtesting I have been doing with my little time. There are times we find profitable setups on the stochastic second cycle or perhaps the third cycle and I noted that for this cycles( 2nd and 3rd) to be as strong as the first for a profitable trade, it comes simultaneously with either a hidden divergence ( wc signifies trend continuation ) or a classical divergence at the extremes of the stochastic. WD, I...

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Quoting WickedDaddy

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{quote} I do occasionally take 2nd and 3rd cycle trades and yes, I watch for various conditions to make that decision - divergence being a major consideration. I also look at things like price proximity to a strong MA, like 100 or 200, as those tend to cause pause or reversal in price even if temporary. What is the trend? Flat MAs are problematic - price is stagnating, consolidating or just plain going nowhere. I like to see a direction or at least price above or below long term MAs. I've said before; my technique is only that, a technique. But...

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Quoting WickedDaddy

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{quote} I assume you mean that I will post a trade live. Certainly. I have taken about week off, as the Ukraine situation is better avoided and I am having a pool and outdoor entertainment area built in my backyard. The construction has been intense. It's been difficult to focus on anything else. I expect to trade this week and will post a "live" trade at the point I enter. I'm watching EURUSD for a possible set-up on the hourly chart as I type this. It's in the 3rd cycle, which is not good, but I'm contemplating it anyway. AUDUSD also is setting...

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Quoting oohoo

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{quote} From Russia it doesn't look like Ukraine strain will dissipate soon. Most likely, markets will have to learn to live with this uncertainty.

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Quoting WickedDaddy

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{quote} Are you in Russia? True, I don't expect it to just go away. Either it will become something more than the current situation, which will send markets one way. Or, it will dissipate into a political quarrel of rhetoric and markets will treat that by going in another direction. But a direction either way. It seems markets are "holding their breath" currently. If the uncertainty continues for too long, markets will become bored with it and move on. That's just human nature. Whatever your situation, I hope you are not negatively affected by it....

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Quoting WickedDaddy

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{quote} First, I notice you are trading a 1 HR chart. My 1 HR chart includes a 100 and 200 SMA for trend reference. Your chart is missing that and I notice that a few of your proposed trades are against the trend (comparing them to my chart). I only trade in the direction of overall trend. I explain that somewhere in this thread specifically regarding trading short timeframes, like 1 HR and 4 HR charts. Most of your proposed trades are on the 2nd or 3rd StochasticRSI cycle. Yes, they touch the BB, but on the 2nd or 3rd cycle. Rule is BB engagement/disengagement...

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Quoting TheZenienss

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{quote} Thank you for the comments about my backtesting! I have re-done them using only cycle 1 and applied SMA100(yellow dots line) and SMA200(aqua dots line). {image}

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Quoting pipgainer

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On the above examples, look at price in relation to the 200 SMA. On Trade 5, after the very large candle to the left, I would expect price to pull back to that point. It's a no trade for me on any of those. Guys, WickedDaddy is showing you something special here, read it ALL, very thoroughly.

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Quoting THA58

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{quote} If you're looking for 30 to 40 pips.....Yes I think I will let it play out for the moment. {image}

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Quoting WickedDaddy

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{quote} It is setting up but remember to wait for a red HA candle to close and then review the conditional rules at that time. Will the 15 EMA cross the 50 SMA upward at that point? Will the 15 EMA begin to round down and what will the StochasticRSI be doing at that point? Patience...

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