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1001 strategies/approaches to trade

  • #41
  • Nov 17, 2022 12:36am Nov 17, 2022 12:36am
Oh and btw, TDT.Coffee…

if I post one last SA, it will also not involve the EMAs. But they will still be on the chart.

So try not to get all bent out of shape that I don’t change my chart every time I use an SA with or without EMAs and just leave them on there all the time.

Not sure if this helps you or not but but the EMAs are not just for an SA, but also for managing trades as they progress. But that is another topic.
  • #42
  • Nov 17, 2022 12:43am Nov 17, 2022 12:43am
Oh and did I forget to mention. I don’t care if you follow me or not. it’s your loss if you don’t, not mine.

who knows maybe eventually I will post something that will help you? Maybe I already did…

If you come here again with all of your sarcasm and negativity, my patience with you will run out, as it has been wearing thin up till now.
  • #43
  • Nov 17, 2022 1:03am Nov 17, 2022 1:03am
Dear TDT.Coffee…

I see you have a trade explorer. I could help you see what you are doing wrong and how it is not sustainable.

But you don’t want my help.

So I changed my mind - no more time for you. I have more productive things to do.

I will still post one more SA example. Check back if you like. Or not. Don’t care either way.
  • #44
  • Nov 17, 2022 1:40am Nov 17, 2022 1:40am
The final SA to be shared here:

Can be traded on any TF
Can work in trending or volatile conditions
Can offer high +R opportunities

Chart shows 2 opportunities yesterday, although there were more than just these 2.

what to look for is for price to make a strong move
note where the move started from
the last candle that moved in the opposite direction (HH or LL) draw a box around it.
the box is what many refer to as an order block
frequently what order blocks form, price will return to it for more orders to be filled then head back in the prior direction

in below chart as example the previous LL bearish candle before the move up is the order block. Price returned to it twice, both times offering winning trades with good +R potential.

do you enter when it touches the OB? Or when it goes a certain percentage into the OB area?

You need to decide what you are comfortable with according to risk and context.

you could try a few times with smaller SL or one try with wider SL

there can be FB pr BOs in either direction which can also be traded.

this is just another way to draw areas of interest on the chart with high probability opportunities IMO. Again. Nothing new under the sun.
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  • #45
  • Nov 18, 2022 9:52am Nov 18, 2022 9:52am
Quoting benaiah
Funny thing is, TDT.Coffee. You are proving my point. There is no interest. Only negative feedback for the most part so far. I don’t even know why you are responding to me. You don’t like hearing anything I’ve learned from my 10+ years and 20k hours in front of the charts with 150-200k trades executed? It doesn’t hurt my feelings. Your mind is closed. You think you know better. Maybe you do? But I wouldn’t know since you haven’t shared anything of value to me as of yet. I didn’t really ask for your opinion but you gave it, and and so here we are....
I know how it is. I have made 12 threads now. My last one seem to get a little interest but the older ones I have stopped because there were no interest. It is like people on FF circle around some few threads with loads of people and posts. Like if you go to a discoteque, people chose the one that is over crowded in sted of the neighbour one with fewer guests, and a more pleasent noise level.
MetaTrader 4 - so many advantages.
  • #46
  • Nov 18, 2022 10:34am Nov 18, 2022 10:34am
Quoting RiskFighter
{quote} I know how it is. I have made 12 threads now. My last one seem to get a little interest but the older ones I have stopped because there were no interest. It is like people on FF circle around some few threads with loads of people and posts. Like if you go to a discoteque, people chose the one that is over crowded in sted of the neighbour one with fewer guests, and a more pleasent noise level.
I actually don’t mind much if there is no interest. But when mostly negative it is wearisome.
  • #47
  • Nov 18, 2022 7:53pm Nov 18, 2022 7:53pm
OK!

Due to popular demand (sarcasm) I will continue this thread.

First I won’t be documenting every strategy.

Second, I added a trade explorer if anyone is interested to see the results and/or analyzing trades.

Third, the account is a 100k eval. I still have my smaller accounts but want to test the waters with a bigger account.
  • #48
  • Nov 19, 2022 10:20am Nov 19, 2022 10:20am
Quoting benaiah
The final SA to be shared here: Can be traded on any TF Can work in trending or volatile conditions Can offer high +R opportunities Chart shows 2 opportunities yesterday, although there were more than just these 2. what to look for is for price to make a strong move note where the move started from the last candle that moved in the opposite direction (HH or LL) draw a box around it. the box is what many refer to as an order block frequently what order blocks form, price will return to it for more orders to be filled then head back in the prior direction...
Nice thread.
I have tried the last OB strategy, the advantage it has is that when it works well it has a high R:R, the problem is that they stop you many times, if you are looking for confirmation (for example in a lower TF) lower the R:R and increase probability.
As always a game of odds and risk/reward.
Thanks for sharing and I encourage you to continue.
  • #49
  • Nov 19, 2022 12:01pm Nov 19, 2022 12:01pm
Quoting gerval
{quote} Nice thread. I have tried the last OB strategy, the advantage it has is that when it works well it has a high R:R, the problem is that they stop you many times, if you are looking for confirmation (for example in a lower TF) lower the R:R and increase probability. As always a game of odds and risk/reward. Thanks for sharing and I encourage you to continue.
Thanks! And yeah, I do the same thing with most of my SAs, base areas of interest on higher TF, and entries on lower TF.

And with all my SAs, my win rate is low, but with high +R average.

My favorite setup is when I see the same setup on M1 as I see on higher TF, like M15 or M30.
  • #50
  • Edited 2:07am Nov 20, 2022 1:44am | Edited 2:07am
Here is an SA that is probably the simplest I know and requires no indicators.

The recommended TF to trade is M30 or H1.

What you are looking for as a possible signal is a strong candle close, i.e. a very small wick, or no wick at all.

Place a stop order just beyond the candle. The SL will be just beyond the new candle’s HH or LL depending on whether bullish or bearish.

Ideally the new candle will not retrace much or at all before it heads in same direction as prior candle. If it does retrace to the extent that your SL would be too big then don’t take the trade.

Best setups for this SA are if price has broken out and/or is not facing an immediate resistance level. And is not in heavy consolidation.

Below chart shows examples on GER30. I also marked some entries that were false breaks which may have initially been a loss if you traded as described above, since if you are stopped out right away, it is a signal in opposite direction. But if you were in really good profit and let price come back, then it would not necessarily be a good trade since the 2nd candle wick is too big meaning SL would be too big. Probably best to only go for +1R or +2R if you take the second trade in opposite direction to try and avoid 2 consecutive losses. Plus an FB signals volatility. You don’t want to risk going for too much and turn the second trade winner into a loser.

This SA should easily average +3R even if you aren’t expert at reading PA, since many times when price does go in your favor with this SA you can easily get +5R minimum and sometimes much more. Usually once the second candle closes you would TP or even before that if you are in good profit.

Edit: I also didn’t mark every single setup on the chart. There are many more I didn’t mark with arrows…
Edit2: Stop after 2 consecutive losses because if that happens maybe you did something wrong or the volatility is too crazy
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  • #51
  • Nov 20, 2022 6:40pm Nov 20, 2022 6:40pm
Hi Benaiah have you tried using engulfing candles? I have just started exploring this idea for a trading strategy and looking for other who might have some input
  • #52
  • Nov 20, 2022 9:24pm Nov 20, 2022 9:24pm
Yes engulfing candles are good. I would trade the order block associated with them in context.
  • #53
  • Nov 20, 2022 10:29pm Nov 20, 2022 10:29pm
Quoting benaiah
Yes engulfing candles are good. I would trade the order block associated with them in context.
Ahh so now the next thing I need to learn is about the order blocks? order books? This is more futures trading I think

My idea was based on something that I had seen last week, where the bullish engulfing happened and then 10+ bull candles followed, it was the perfect looking set up
  • #54
  • Edited 4:55am Nov 21, 2022 4:39am | Edited 4:55am
Quoting IcyComplex
{quote} Ahh so now the next thing I need to learn is about the order blocks? order books? This is more futures trading I think My idea was based on something that I had seen last week, where the bullish engulfing happened and then 10+ bull candles followed, it was the perfect looking set up
I explain the basic concept of OBs here: https://www.forexfactory.com/thread/...0#post14225670

An engulfing bar is basically a false break. It is either a HH followed by a LL (bearish) or a LL followed by a HH (bullish). And if there is an engulfing bar that is an FB associated with an order block I’d look to enter on a pull back near or within the order block.

Below is an example of a trade I’m in now on GER30. From left to right, the first arrow shows the engulfing-ish bar with a follow through break out of structure. The rest of the arrows show possible entries on a pull back to the OB area. This isn’t the greatest engulfing bar example but it does show the concept of how it relates to OBs. There doesn’t need to be an engulfing bar to trade an OB, but it does add to the confluence of the trade setup…

Edit: far right arrow was my entry on the trade
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  • #55
  • Nov 21, 2022 4:50am Nov 21, 2022 4:50am
Below shows what it looked like on M30 (entry above was based on M5).

it was a +20R trade.I had 2 lossses trying to get a good entry with tight SL. So +18R gain on the setup. So now, back to sleep
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  • #56
  • Nov 21, 2022 4:51am Nov 21, 2022 4:51am
Traded above on one of my small live accounts. Later today I will trade my 100k eval…
  • #57
  • Nov 21, 2022 4:31pm Nov 21, 2022 4:31pm
Quoting benaiah
{quote} I explain the basic concept of OBs here: https://www.forexfactory.com/thread/...0#post14225670 An engulfing bar is basically a false break. It is either a HH followed by a LL (bearish) or a LL followed by a HH (bullish). And if there is an engulfing bar that is an FB associated with an order block I’d look to enter on a pull back near or within the order block. Below is an example of a trade I’m in now on GER30. From left to right, the first arrow shows the engulfing-ish bar with a follow through break out of structure....
Awesome, thank you for this info.

Good luck with your testing
  • #58
  • Nov 23, 2022 9:08am Nov 23, 2022 9:08am
Well, the 100k funded account will be awarded to me next week.

I passed step one today, and also hit the target for step 2. Just need to satisfy 4 more trading days.

I totally see how managing smaller accounts prepared me for trading the big one.

Also, going back and forth between trading big account verses small account keeps the mindset grounded and focused on controlling risk.
  • #59
  • Last Post: Nov 23, 2022 10:13am Nov 23, 2022 10:13am
Continuing my current topics here:
https://www.forexfactory.com/thread/...3#post14232433
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