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Trend Cycle Entry

  • #261
  • Feb 25, 2022 10:59am Feb 25, 2022 10:59am
Could you tell us "why" you didn't choose to enter at the "first" cross? (after)..
Thanks
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Edit..
Oh, I forget that the MAs must be separated, now it is clear
"Great Men are not born great, They Grow Great."
  • #262
  • Feb 25, 2022 11:05am Feb 25, 2022 11:05am
Quoting WickedDaddy
completely unorthodox
Cool!
Maybe in this version of the system you could share your TP\SL methods?
Just an opinion. Based on research
  • #263
  • Feb 25, 2022 11:17am Feb 25, 2022 11:17am
Quoting MyProfit
Could you tell us "why" you didn't choose to enter at the "first" cross? (after).. Thanks {image} Edit.. Oh, I forget that the MAs must be separated, now it is clear
First, the 15 EMA crossed back over the 50 SMA, upwards. That negates the trade.

Second, I was asleep at that time in the morning. But even if not, refer to the above.

That drop happened out of fear of the Ukraine invasion. Sure, the short opportunity was awesome and other methods could be used to grab some pips in that short term parabolic move. But we're not discussing those methods here.

Take a look at that event on a 15M chart and see the 3rd cycle that met the criteria. I don't advocate tiny timeframes but if your risk appetite includes small timeframes and also allows for 2nd and 3rd cycle entries, go for it.
  • #264
  • Feb 25, 2022 11:26am Feb 25, 2022 11:26am
Quoting since80808
{quote} Cool! Maybe in this version of the system you could share your TP\SL methods?
I don't trade that version. It was just to make a point. But just for fun...

I would add a BB and put the SL just above (short) or below(long) the deviation at the time of entry.

I would set a TP for at least 1.5 times the stop in pips if I couldn't manage it. Otherwise, I would close the trade when the StochasticRSI was opposite the entry. If it returned (repeat cycle) and the EMA had not shifted, I would re-enter and go for another ride.
  • #265
  • Edited 1:26pm Feb 28, 2022 2:23am | Edited 1:26pm
WickedDaddy,
Based on the Trade Cycle Entry method you have shared here in this forum below setup of NZDUSD should be matched with entry Criteria ...
NZDCAD Daily TF has got almost the same condition for entry.
Attached Image (click to enlarge)
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If you don't build your DREAM, Someone will hire to help build theirs ...
  • #266
  • Feb 28, 2022 5:10am Feb 28, 2022 5:10am
Quoting drsa1970
WickedDaddy, Based on Trade Cycle Entry method you have shared here in this forum below setup should be matched with entry Criteria ... NZDCAD Daily TF, has got almost the same condition fro entry. {image}
It's the 2nd cycle. Also, on W 0.84 acts as support. I'm not sure if the W timeframe has to be taken into account. Maybe WD can shine light on this. My 2cts.
  • #267
  • Feb 28, 2022 6:16am Feb 28, 2022 6:16am
Quoting drsa1970
WickedDaddy, Based on Trade Cycle Entry method you have shared here in this forum below setup should be matched with entry Criteria ... NZDCAD Daily TF, has got almost the same condition fro entry. {image}
i'm waiting for a down trend and Cycle 1 on h4.
  • #268
  • Feb 28, 2022 9:25am Feb 28, 2022 9:25am
Quoting drsa1970
WickedDaddy, Based on Trade Cycle Entry method you have shared here in this forum below setup should be matched with entry Criteria ... NZDCAD Daily TF, has got almost the same condition for entry. {image}
it's not clear what you are asking. NZDCAD? You posted an NZDUSD chart. The entries look clear based on the rules in Post #1. But I drew them on your chart anyway - freehand, so please forgive the amateur mouse control...

I'm showing 1st, 2nd, and 3rd cycles:
Attached Image (click to enlarge)
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  • #269
  • Feb 28, 2022 9:34am Feb 28, 2022 9:34am
Quoting BataviaTrade
{quote} It's the 2nd cycle. Also, on W 0.84 acts as support. I'm not sure if the W timeframe has to be taken into account. Maybe WD can shine light on this. My 2cts.
Looking at NZDCAD, the weekly is in its 2nd cycle after the cross (week of May 10). It has not completed this cycle yet and is nowhere near BB intersection yet. The daily is in a weakening down trend, with the latest uptrend extending for a longer period of time than the last one, and above the 50 SMA. This could be a turning point and may result in consolidation and likewise, choppy trading for the near term.
  • #270
  • Feb 28, 2022 4:31pm Feb 28, 2022 4:31pm
Quoting WickedDaddy
{quote} Looking at NZDCAD, the weekly is in its 2nd cycle after the cross (week of May 10). It has not completed this cycle yet and is nowhere near BB intersection yet. The daily is in a weakening down trend, with the latest uptrend extending for a longer period of time than the last one, and above the 50 SMA. This could be a turning point and may result in consolidation and likewise, choppy trading for the near term.
Thanks WD, yes, good observation, I like the part about the 2 uptrends. I did not notice. It surely could be good signal to stay out of a nasty short trade.

Happy trading,
BT
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  • #271
  • Mar 1, 2022 10:00am Mar 1, 2022 10:00am
Quoting BataviaTrade
{quote} Thanks WD, yes, good observation, I like the part about the 2 uptrends. I did not notice. It surely could be good signal to stay out of a nasty short trade. Happy trading, BT {image}
Another thing to consider is the current price is consolidating at previous support, now resistance - the launch point of the previous uptrend. NZD could certainly weaken and be sold down to a new low. But this recent uptrend is coming off a historical buying zone (look at your weekly) and the RBNZ recently raised rates to 1.00%, making NZD a good carry trade. My bet is for a slow and somewhat choppy uptrend to previous averages of .87 - .88 in NZDCAD.

My $.02
  • #272
  • Edited 1:31pm Mar 1, 2022 12:08pm | Edited 1:31pm
Quoting pakeha
Attached is a Stochrsi that you can use {file}
Just to be sure, if this settings (or indicator?), are the same as wickeddady? 10,k3,d3, rsi13 Note the stoch ma method (ema)?

EDIT; Checked, IT is OK, same than above....
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"Great Men are not born great, They Grow Great."
  • #273
  • Mar 4, 2022 11:19pm Mar 4, 2022 11:19pm
Nice setup.
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  • #274
  • Mar 6, 2022 7:33pm Mar 6, 2022 7:33pm
Quoting mk4tx
Nice setup. {image}
Your set up does not meet WD's set up rules, because the MAs have no separation and are on top of each other.
  • #275
  • Mar 9, 2022 8:27am Mar 9, 2022 8:27am
keep going...
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  • #276
  • Mar 9, 2022 9:40am Mar 9, 2022 9:40am
Quoting TheZenienss
continua... {image}
Me too, same trade
  • #277
  • Mar 10, 2022 3:31pm Mar 10, 2022 3:31pm
Winners only so far this week on the H4, including AUDJPY. I yielded 300+ pips in total, nice!
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  • #278
  • Mar 11, 2022 12:42pm Mar 11, 2022 12:42pm
EU H4
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Just an opinion. Based on research
  • #279
  • Edited 5:39am Mar 12, 2022 5:24am | Edited 5:39am
What an interesting thread. Thanks WickedDaddy for sharing this. I finally became a successful and full time trader with a very similar system. Of course I don't want to hijack your thread but since my system is so similar in it's fundamentals to yours I thought it may be useful to members liking and in turn profiting from your Trend Cycle Thread.

I trade on an M5 chart. I trade only Oil and Gold, but the system can work for anything. This way I'm almost always in a trade during London and New York hours, (just because that's my daytime).

Template and Indicators:
Attached File(s)
File Type: zip Magic Dots.zip   161 KB | 1,118 downloads
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  • #280
  • Mar 12, 2022 6:05am Mar 12, 2022 6:05am
What I showed in the above post is the trade method and so I showed the perfect trade, but in my actual trading that differs in the exit method.

What I do is when another white Magic Dot appears I move my SL under it to secure a profit like in the picture below.

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