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Williams%R, SAR X-over 15 minute candles

  • #3,581
  • Feb 3, 2023 4:30am Feb 3, 2023 4:30am
Quoting rockypoint
Last few days there has been some periods of very fast PA even using 10 tick range bars. Still could of made money but was making me feel like I was chasing PA which I hate doing. After watching it happen again earlier in the 6-6:30 area I switched to 20 ticks bars and that did the trick. Wound up with a excellent day. I'm posting the 2 charts so you see what I mean, really could've of traded the 10 Ticks chart. But mentally was making me feel less confidence in what i was doing. {image} {image}
Rocky, your changing from renko/heiken ashi candles to range/heiken ashi and still being succesful shows how important the trader and his/her mindset is in the equation. That said, I do find the median renko/heiken ashi does help "smooth" out the price action and feeds the indicators just that little better. Possibly just my personal preference..
  • #3,582
  • Feb 3, 2023 8:11am Feb 3, 2023 8:11am
Stop is double my normal $100. But I normally get out quickly if trade doesn't go my way. Traded today, pretty unexpected NFP numbers waited about 15 mins. for things to settle down and picked off the end of the trend down. Trend may resume may not but I'm satified with what I got. My week is over. Traded 6b and 6N in addition to my usual 6E. I used 10 ticks bars today, after initial super fast moves for 10=13 mins. things calmed down a bit. PA now sideways while market digests numbers/
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  • #3,583
  • Feb 3, 2023 8:38am Feb 3, 2023 8:38am
NFP is EURUSD morning for me usually, but not always.

First trade came within 2 pips (4 ticks) of my target, and gave almost all of it back. Next trade again came within 3 pips (6 ticks) of my target and then I gave almost all of that back. Third trade went my way for just a little then reversed hard for a loss of $104 (my max risk per contract on 6E is $125).

Fourth trade went to target and I'm done with the 6E for today with a net profit of 20.50 pips or 41 ticks. I started a little side project this morning to see many times I can lock in 20 pips on the 6E without losing 2X my initial risk before I do.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #3,584
  • Feb 3, 2023 10:48am Feb 3, 2023 10:48am
Thank you Rockypoint and Vidvad for sharing your charts. Vidvad...are your bars for 6E renko or range and what size bars?
  • #3,585
  • Feb 3, 2023 1:28pm Feb 3, 2023 1:28pm
Quoting Ed777
Thank you Rockypoint and Vidvad for sharing your charts. Vidvad...are your bars for 6E renko or range and what size bars?
5 Renko with Heikin Ashi applied for the EURUSD futures, the 6E contract
Life itself is a privilege, but to live life to the fullest is a choice
  • #3,586
  • Feb 6, 2023 10:53am Feb 6, 2023 10:53am
Pretty simple day with easy PA, 2 trades, looking maybe to take one more short.
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  • #3,587
  • Feb 6, 2023 10:55am Feb 6, 2023 10:55am
Possible short set up, but not best time of day.
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  • #3,588
  • Feb 6, 2023 2:53pm Feb 6, 2023 2:53pm
Took the short, been done for awhile. Had a power outage so no internet for a couple of hours.
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  • #3,589
  • Edited 7:26pm Feb 6, 2023 7:07pm | Edited 7:26pm
Really enjoying this system, been using it on INDICES on the 1 Minute, and 1 Hour on Forex Pairs. I have a couple questions.

If we get an ADX cross and MACD isn't in agreeance, do we wait enter when MACD agrees, or do we wait for next setup? (assuming structure is fine)

If ADX Crosses, MACD agrees, and we break a support/resistance level but price has not broke outside of EMA bands, do we A)wait for price to break outside of ema bands and then enter ...B) take trade regardless ....C) wait for next setup

Sorry for silly questions, tried reading as much as possible but so many posts hard to sort through.

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This is a quick position im in on ETH, does this look okay for entry criteria? break of resistance, adx cross, macd strongly agrees.
  • #3,590
  • Feb 6, 2023 9:04pm Feb 6, 2023 9:04pm
Current Positions Opened 1H ( Will Update Tomorrow)

USDJPY:
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GBPUSD:
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AUDUSD:

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  • #3,591
  • Feb 7, 2023 12:57am Feb 7, 2023 12:57am
I trade system this way:

Long -Price close above the Ema
Adx crossing above 25 or bouncing up off of 25
MACD on Green
Preferrably I like trades breaking support/ resistance area or price struture, but not a must.

Short- Price below the Ema
Adx same as above
MACD on Red
Preferences same as above

Also important for day trading, trade makets from hour before open and trade only 3-4 hours.
I also mostly only trade 1 intrument the Euro futures contract 6/E. Though on occasion I'll add some others.

I don't know of anyone using 1 hour candles, so I'm interested to see how that goes.

Good luck and ask away questions always welcome.
  • #3,592
  • Feb 7, 2023 10:34am Feb 7, 2023 10:34am
Another fairly simple morning 2 shorts for small wins 10 and 15 ticks, 3 trade still open 25 ticks locked in.
  • #3,593
  • Edited 11:16am Feb 7, 2023 11:00am | Edited 11:16am
Quoting rockypoint
Another fairly simple morning 2 shorts for small wins 10 and 15 ticks, 3 trade still open 25 ticks locked in.
Rocky, this short trend is getting "old" but ADX is bouncing(see image). If this occurred during your prefered window of trading, would you consider it "renewed" short trend at the bounce or would you be more apprehensive? Entry on the Close of the short candle below Low EMA.
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  • #3,594
  • Feb 7, 2023 11:16am Feb 7, 2023 11:16am
I wait for a close below the ema.
  • #3,595
  • Feb 7, 2023 11:18am Feb 7, 2023 11:18am
Here's my trades
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  • #3,596
  • Feb 7, 2023 11:23am Feb 7, 2023 11:23am
Let me clarify that a little bit, if it's during prime market session for me NY so call it 8am - 10am I'd wait for break of ema. outside that time frame I don't trade except for rare occasions. What I am more likelt to do when trend is "old" is be more willing to take smaller wins.
  • #3,597
  • Feb 7, 2023 5:13pm Feb 7, 2023 5:13pm
Total gross profit today +42 ticks on two trades, net profit ABout 40.5 ticks after commissions and fees

Both were short trades.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #3,598
  • Feb 7, 2023 6:15pm Feb 7, 2023 6:15pm
4 Trades On Nas100 1 Minute
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  • #3,599
  • Feb 7, 2023 6:28pm Feb 7, 2023 6:28pm
Quoting rockypoint
I trade system this way: Long -Price close above the Ema Adx crossing above 25 or bouncing up off of 25 MACD on Green Preferrably I like trades breaking support/ resistance area or price struture, but not a must. Short- Price below the Ema Adx same as above MACD on Red Preferences same as above Also important for day trading, trade makets from hour before open and trade only 3-4 hours. I also mostly only trade 1 intrument the Euro futures contract 6/E. Though on occasion I'll add some others. I don't know of anyone using 1 hour candles, so I'm interested...
Hello rockypoint,

It’s an interesting strategy.

I will try next days for scalping.

But I have some questions.

Candles are renko or ha?

The settings for the indicators are: Adx 6 (level 25) ema 8 (high and low) and macd 26,12,9?

And the most important. This settings are applied to real price or renko/ha values?
  • #3,600
  • Feb 7, 2023 6:36pm Feb 7, 2023 6:36pm
ADX 6(level 25)
MACD 12-26-9
Candles I'm using on TOS are Range/Heiken, on Ninjatrader7 I use Renko/Heiken
settings are applied to real price.

Some platforms don't let you use hybrid Range/Heiken or Renko/Heiken. So just use regular time based candles or heiken Ashii candles

I think someone posted a download for the Renko/Heiken candles but I'm not sure what post number it was.
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