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PA Trading with EMAs and common Sense

  • #481
  • Apr 3, 2023 9:53pm Apr 3, 2023 9:53pm
Quoting vvm
AUD CAD H 1 2 Trades: 1. Sell after 2LeggedPub to 8MA LOSS 2. Buy after failed Sell after 2LeggedPub to 8MA or Buy BullishEngulfing WINN s. Charts atb vvm {image} {image}
hey vvm, these trades were affected by fundamental factors due to the interest rate news coming up for the AUD

technically, i think for the first one, the wick wasn't long enough to trap the bulls, if it was higher like this it would of had a better chance

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you did very well to anticipate the reversal and more importantly act on it to come out on top - good job!
every minute matters!
  • #482
  • Apr 4, 2023 12:01am Apr 4, 2023 12:01am
Hi there,

new Day new Luck

atb vvm
PA Trading with EMAs & common Sense
  • #483
  • Apr 4, 2023 12:04am Apr 4, 2023 12:04am
Quote
technically, i think for the first one,
the wick wasn't long enough to trap the bulls,
if it was higher like this it would of had a better chance



he niks,

U are right
I think now so too

atb vvm
PA Trading with EMAs & common Sense
  • #484
  • Apr 4, 2023 1:34am Apr 4, 2023 1:34am
Quoting niks
{quote} yes! i'm really feeling it - once i get a few more trades in i will figure out how it fits in with my analysis... i was planning to replace the M1, it was only there for testing purposes, so i'll add the M15 as you recommend in its place i'm glad they're starting to make sense and thanks again for all your feedback...
It makes a lot of sense. It will take time to integrate fully so I would say don't rush it, just gather the observations over time. Would really recommend adding an auto screenshot in MQL5 on entry. You want to freeze them candles on entry then analyse after with your journaling process.

On a HIGHLY simplistic basis just make sure the HTF candles are in the same direction as your trade and ignore any over-extension trades in the other direction. As you are following M1, you should see a lot inline with the HTFs.

As you scalping M1, M5 would be useful dude. I scalp M5 and have M15-D1. For you, you should really have M5-D1, if you can manage to get all that on your charts.

I'm really glad I could help! This indicator is just amazing for scalping, like I said before, I had been thinking of a way of representing this data on my chart for a long time. Never came across anything as good as this.
  • #485
  • Apr 4, 2023 2:20am Apr 4, 2023 2:20am
Quoting vvm
Hi there, new Day new Luck atb vvm
AUDUSD 1M

short off resistance targeting a new low, then cost averaged against old support hoping for resistance, then again on the break of ema200 anticipating a failure...

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decent profit in the end thanks to a dose of new luck!

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best of luck for your day
every minute matters!
  • #486
  • Apr 4, 2023 2:27am Apr 4, 2023 2:27am
Quoting niks
{quote} AUDUSD 1M short off resistance targeting a new low, then cost averaged against old support hoping for resistance, then again on the break of ema200 anticipating a failure... {image} decent profit in the end thanks to a dose of new luck! {image} best of luck for your day
You see how M5-H1 looks real good for shorts?

My take bro
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  • #487
  • Apr 4, 2023 2:43am Apr 4, 2023 2:43am
Quoting TheHusla
{quote} You see how M5-H1 looks real good for shorts? My take bro {image}
yes, certainly starting to feel its benefits, still gotta fix that LL bar bug though, haven't got around to it yet, and i'm going to compact it a bit more, then it will look complete and better in the screenshots

i totally agree with your take on my trade as well, i've seen you take those trades at the perfect entry many times, i should take more notice of them, it paid off EXTREMELY well had it been taken!


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i notice no mention of my first entry! i know it looks reckless, obviously not for me at the time, the PA signals were there, in hindsight it was, but it was based on the premise that AUD will retrace most of yesterdays move...
every minute matters!
  • #488
  • Apr 4, 2023 2:48am Apr 4, 2023 2:48am
Quoting niks
{quote} yes, certainly starting to feel its benefits, still gotta fix that LL bar bug though, haven't got around to it yet, and i'm going to compact it a bit more, then it will look complete and better in the screenshots i totally agree with your take on my trade as well, i've seen you take those trades at the perfect entry many times, i should take more notice of them, it paid off EXTREMELY well had it been taken! {image} i notice no mention of my first entry! i know it looks reckless, obviously not for me at the time, the PA signals were there,...
ha yeah your first entry was madness ;-)

Those kind of entries work when you have HUGE momentum like gold/GU yesterday. But those kind of market conditions are rare. It's much better to wait for a retrace to your long EMA and look for a zone to play off. ESP as we talking M1 here. This is all in my opinion!
  • #489
  • Apr 4, 2023 3:37am Apr 4, 2023 3:37am
@Niks

Perfect U pattern mate. You see how there are no left shoulders and it spends a long time basing before exploding back up?

Also the whole thing is counter trend so this is perfect.
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  • #490
  • Apr 4, 2023 5:50am Apr 4, 2023 5:50am
Quoting TheHusla
@Niks Perfect U pattern mate. You see how there are no left shoulders and it spends a long time basing before exploding back up? Also the whole thing is counter trend so this is perfect. {image}
very nice and well suited for a CT setup, never considered anything like this before, i certainly will now! appreciate your time in sharing it...

this is how i'd probably enter and exit - enter after the breakout of the range and exit just below the start of the move, in this case, there was a nice ema to help guide the exit...

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every minute matters!
  • #491
  • Apr 4, 2023 6:01am Apr 4, 2023 6:01am
Quoting niks
{quote} very nice and well suited for a CT setup, never considered anything like this before, i certainly will now! appreciate your time in sharing it... this is how i'd probably enter and exit - enter after the breakout of the range and exit just below the start of the move, in this case, there was a nice ema to help guide the exit... {image}
yeah it swept all them lows and then would have been nice as a dynamic engulf. Also the next red candle, would have been a nice entry.
  • #492
  • Apr 4, 2023 6:07am Apr 4, 2023 6:07am
AUDUSD 1M

short off resistance, double top then triple top targeting break of previous lows

including what i was seeing in the indicator - resistance and downtrends everywhere!

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it definitely helped in this trade...

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every minute matters!
  • #493
  • Apr 4, 2023 6:27am Apr 4, 2023 6:27am
Quoting niks
AUDUSD 1M short off resistance, double top then triple top targeting break of previous lows including what i was seeing in the indicator - resistance and downtrends everywhere! {image} it definitely helped in this trade... {image}
that's it bro, so simple!

I think you can benefit from tidying your entries more. Order blocks, breakers blocks, SnR etc.
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  • #494
  • Apr 4, 2023 8:16am Apr 4, 2023 8:16am
Haven't seen too many clean setups for this strat or my orders are getting missed when I do. But got this one today.

USDCHF H1 Bought.

Very simple. Fakeout of SnR and 1-2-3 back up to confirm longs to upper zone.
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  • #495
  • Apr 4, 2023 9:11am Apr 4, 2023 9:11am
GBPNZD H1 SOLLLLLDDDD

Big move up to take A LOT of liquidity. The first move down I wasn't convinced by so waited.
The double top here was a classic. The second leg took out the high of the first which took all the stops of the guys who got the direction correct.
After a BIG move like that, it looked good for short term reversals.
I messed up my entry lot calcs which doesn't happen too often but which is why I have multiple positions.

Risk is significantly reduced. The TP was the low but I needed a little more for my R:R of 1.5.
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  • #496
  • Apr 4, 2023 11:49am Apr 4, 2023 11:49am
@vvm - check this out one. I was thinking about it but was already in GN at the time and didn't want too much exposure, as hadn't seen anything on this strategy for a little while. I haven't seen any very basic H4/D1 EMA rejections that I like in quite a while either.

But check out that zone, how many times it held price. Beautiful engulf entry after price comes back to demand.
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  • #497
  • Apr 4, 2023 12:01pm Apr 4, 2023 12:01pm
Quoting TheHusla
@vvm - check this out one. I was thinking about it but was already in GN at the time and didn't want too much exposure, as hadn't seen anything on this strategy for a little while. I haven't seen any very basic H4/D1 EMA rejections that I like in quite a while either. But check out that zone, how many times it held price. Beautiful engulf entry after price comes back to demand. {image}
hi thehusla
maybe so???

s. D1 Chart

atb vvm
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PA Trading with EMAs & common Sense
  • #498
  • Apr 4, 2023 12:10pm Apr 4, 2023 12:10pm
or so???

s. H4 Chart

atb vvm
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PA Trading with EMAs & common Sense
  • #499
  • Apr 4, 2023 12:20pm Apr 4, 2023 12:20pm
s. H1 chart

atb vvm
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PA Trading with EMAs & common Sense
  • #500
  • Apr 4, 2023 12:24pm Apr 4, 2023 12:24pm
EUR USD M5 BuyScalp after Bearish IB & Bounce from 20MA

s. Chart

atb vvm
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PA Trading with EMAs & common Sense
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