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Trend Cycle Entry

  • #301
  • Mar 14, 2022 7:29am Mar 14, 2022 7:29am
Quoting TheJube
{quote} That is indeed the 4th cycle. The trend has already been going on for a while now on this timeframe. So i think WD wouldn't take it as it is, but he can say that for himself of course
Isn't it the 2nd? Can you show how you count?
  • #302
  • Mar 14, 2022 7:50am Mar 14, 2022 7:50am
Quoting oohoo
{quote} Isn't it the 2nd? Can you show how you count?
It's the 4th time StochRSI goes back under 20, after the 15EMA/50SMA cross up (I assume that is the white+green line)
Attached Image (click to enlarge)
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  • #303
  • Mar 14, 2022 10:16am Mar 14, 2022 10:16am
Quoting WickedDaddy
I used my, now proven method and made some rich people richer. I also hated the business.

Can I ask why you hated it? Did the rich people not pay you enough? I'd love to trade other people's money and get paid for it
  • #304
  • Mar 14, 2022 12:33pm Mar 14, 2022 12:33pm
Quoting TheJube
{quote} I do really appreciate the effor from Derek, but i think it might be better to put that system on another/new thread instead of here, because it is totally different than the original system from WD. But that's just my 2 cents. We are in WickedDaddy's discord by the way, where i/we are trading live and making good profits. The link is somewhere in this thread.
I agree with this.

BT
  • #305
  • Mar 14, 2022 3:12pm Mar 14, 2022 3:12pm
Quoting TheJube
{quote} It's the 4th time StochRSI goes back under 20, after the 15EMA/50SMA cross up (I assume that is the white+green line) {image}
I think WickedDaddy means the first price cycle, not the first StochRSI cycle. Refer to the image in his 1st posting, the white arrows on the chart represent all first price cycle. Please correct me if I'm wrong with this.

BT
  • #306
  • Mar 14, 2022 3:40pm Mar 14, 2022 3:40pm
Quoting BataviaTrade
{quote} I think WickedDaddy means the first price cycle, not the first StochRSI cycle. Refer to the image in his 1st posting, the white arrows on the chart represent all first price cycle. Please correct me if I'm wrong with this. BT
Hmm, post 238 might clear it up a bit. There it looks like he uses the StochRSI cycle as cycle. The arrows in the 1st post are possible entries, i think that those don't represent the cycles itself. But WD can clear this up the best i guess
  • #307
  • Mar 15, 2022 2:56am Mar 15, 2022 2:56am
Took this EU 15M yesterday (I use 1H structures to define the trend direction). Get out at break even. A little quiz: Did I take entry on cycle 1 or cycle 2?

Attached Image (click to enlarge)
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  • #308
  • Mar 15, 2022 3:06am Mar 15, 2022 3:06am
Quoting kirinda
Took this EU 15M yesterday (I use 1H structures to define the trend direction). Get out at break even. A little quiz: Did I take entry on cycle 1 or cycle 2? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Cycle 1.png Size: 55 KB
  • #309
  • Mar 15, 2022 5:05am Mar 15, 2022 5:05am
WickedDaddy!

Man, thanks to you I have now PIPS coming out of my ears. :-)

I have a different strategy which looks a lot like yours (based on keltners), but have added your cycle theory to it.

Now it makes sense.

Lifechange stuff.

Thanks,

M
  • #310
  • Mar 15, 2022 5:37am Mar 15, 2022 5:37am
Quoting kirinda
Took this EU 15M yesterday (I use 1H structures to define the trend direction). Get out at break even. A little quiz: Did I take entry on cycle 1 or cycle 2? {image}
Nice! In my view: when both RSI stoch lines did not cross the 50 level up, after being in <20 level, then it's still the 1st cycle in my opinion
  • #311
  • Edited Mar 16, 2022 8:23am Mar 15, 2022 11:57am | Edited Mar 16, 2022 8:23am
WickedDaddy!

This guy actually posted a video about your strategy
Inserted Video
, anyone who has still trouble understanding these indicators check this video out.

I have some questions and it would mean a world to me if you could answer them:
Could this work on 1 second TF on leverage trading?

I have few questions and if You could answer them It would make my day for sure.
1.Can you trade any other coins (BTC,ETH,SOL,MATIC) or does it have to be EURO/USD
2. There are many examples of this strategy not catching the up trend, me myself I believe this strategy I've red the code and your test results are very convincing, but look at this https://prnt.sc/f8Z4qHVeTx5G.
3.People are getting rich by doing this. There aren't big % profits from one trade, but that doesn't matter right? You will slowly keep getting money and those 1-5 % profits will get you a lot of money, right?
4. From my perspective I would test it out with small amount of money and when I'm sure this is it, I would put a lot of money into it, because these 1-5 % aren't cutting it if I'm not putting in a lot of money and I'm only risking of losing few % from this great strategy, or maybe you disagree with me?
5. (IMPORTANT) He changed the Stochastic RSI (Originally: Stochastic - 10 and RSI - 13) (He left it 14/14) and also he changed EMA (Originally 15) (He changed to 25). These changes you made do they make this strategy better or does it even matter?

If anyone out here could spend just few minutes of their time to help me out, that would be amazing.
  • #312
  • Mar 15, 2022 2:19pm Mar 15, 2022 2:19pm
Quoting jeedy
Happy new week everyone. @WickedDaddy, whats your take of these trades i have executed {image} {image} {image} {image}
Does it matter which coin you trade? I see a lot of you are trading stock, right? I'm trading crypto and I'm just wondering does it matter what you trade when you use this strategy?
  • #313
  • Mar 15, 2022 7:02pm Mar 15, 2022 7:02pm
Quoting Bozhee
WickedDaddy! This guy actually posted a video about your strategy https://www.youtube.com/watch?v=L41m...ist=WL&index=8,
This might be a silly/paranoid question, but is there a chance that this much exposure will mess up the strategy?

I’ve seen numerous traders talk about how they don’t share their strategy online because the strategy then becomes messed up if thousands of people adopt it. Is that a valid concern? I’ve used WickedDaddy’s strategy on two successful trades.
  • #314
  • Mar 16, 2022 6:03am Mar 16, 2022 6:03am
Quoting Designer
{quote} This might be a silly/paranoid question, but is there a chance that this much exposure will mess up the strategy? I’ve seen numerous traders talk about how they don’t share their strategy online because the strategy then becomes messed up if thousands of people adopt it. Is that a valid concern? I’ve used WickedDaddy’s strategy on two successful trades.
No, never.
  • #315
  • Mar 18, 2022 10:01am Mar 18, 2022 10:01am
Has anyone found the Bollinger Bandwidth oscillator useful?
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  • #316
  • Mar 18, 2022 10:01am Mar 18, 2022 10:01am
Quoting Designer
{quote} This might be a silly/paranoid question, but is there a chance that this much exposure will mess up the strategy?

Yes. As soon as retail traders catch on to something good, it turns into sh!t.
  • #317
  • Mar 18, 2022 12:40pm Mar 18, 2022 12:40pm
Quoting JauntyLoon
{quote} Yes. As soon as retail traders catch on to something good, it turns into sh!t.

‘Most traders take a good system and destroy it by trying to make it into a perfect system.’ – Robert Prechter
  • #318
  • Mar 18, 2022 2:23pm Mar 18, 2022 2:23pm
Quoting JauntyLoon
Has anyone found the Bollinger Bandwidth oscillator useful? {image}
To be honest I would prefer the leave system as it is as in post #1. It has proven to be successful that way. So why clutter up your chart? I don't get it.

BT
  • #319
  • Mar 18, 2022 2:33pm Mar 18, 2022 2:33pm
Quoting TheJube
{quote} Hmm, post 238 might clear it up a bit. There it looks like he uses the StochRSI cycle as cycles. The arrows in the 1st post are possible entries, i think that those don't represent the cycles itself. But WD can clear this up the best i guess
Thanks Jube totally got it now, I studied post #238, along with current charts. It makes more sense indeed to use the StochRSI for counting cycle. I found a good example on NZDCAD (H4) to illustrate. According the rules, a short position is tempting: price has touched upper BB, and changed color to red. Except for the fact the StochRSI is in the 2nd cycle. Hence price halts and start moving north instead of south. Can you confirm we are on the same page?

Thanks and many pips to you.
BT
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  • #320
  • Mar 18, 2022 3:08pm Mar 18, 2022 3:08pm
Quoting BataviaTrade
{quote} To be honest I would prefer the leave system as it is as in post #1. It has proven to be successful that way. So why clutter up your chart? I don't get it. BT
I need to change it because IG charts don't have a stochastic RSI.
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