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DHR - Daily Half Range Strategy

  • #241
  • Edited 1:53pm Jun 7, 2023 5:28am | Edited 1:53pm
EURUSD 15M. Done for the day.

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-The touch of the sell line eariler had no strength.
-Strength at buy line.
-Price in a range for 3rd day.
-Resistance met at yesterday low.
-ATR H1 greater than 10
  • #242
  • Jun 7, 2023 7:43pm Jun 7, 2023 7:43pm
Hi Ronin,

Just wanted to say thanks for sharing your idea for this method, I have had good success for the last couple weeks trying it out. The key I think is using some secondary confirmation to go with the buy sell lines. For me so far I mostly look at higher time frame support resistance and direction. Don't use the buy line at the top of a long daily uptrend which is approaching daily resistance for example. I also look for fresh crosses on the 200ema on the 15 min timeframe and a general bias using the 200 ema if price is above or below. I'll have to check out the ATR H1 indicator you have been using also.
  • #243
  • Jun 8, 2023 2:02am Jun 8, 2023 2:02am
Hi feichkop,

Thank you for the kind words and sharing how a trade is confirmed. Agree a secondary confirmation is required; I was naively hoping to avoid this.
Still trying to figure out some solid filters to add to the rules. I will try your suggestions.

The ATR(10) H1 is used to show that there is enough momentum. For example, for a 5 pip target the ATRT(10) H1 would need to have a value of more than 5 pips, probably around > 8 pips. If the target is 5 pips and the ATR(10) H1 is 5 pips, unlikely there is enough room / momentum etc... used to filter out some of the SL trades; like yesterdays' touch of the sell line.

The MT4 built-in ATR indicator can be used instead of the ATR MTF if preferred; using the calculation below:

60min chart = 10
15min chart = x
60min/15min = 4

4 * 10period = 40 period (40 period ATR on 15M == 10 period ATR on H1).
  • #244
  • Jun 8, 2023 4:06am Jun 8, 2023 4:06am
EURUSD 15M. Done for the day.

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  • #245
  • Jun 8, 2023 4:46am Jun 8, 2023 4:46am
Hi, if using the template provided in post #1 it appears at ATR (1), so we need to change that to ATR (40) I understand. Thanks Ronnie for your hard work on this.
  • #246
  • Edited 5:40am Jun 8, 2023 5:10am | Edited 5:40am
Quoting BfromG
Hi, if using the template provided in post #1 it appears at ATR (1), so we need to change that to ATR (40) I understand. Thanks Ronnie for your hard work on this.
Hi BfromG,

Yes can use ATR(40) instead of the DHR ATR(10) H1.

However I also use ATR(1) so I can see spikes in range. Level drawn at 0.0015, i.e. 15 pips

If you look at the attached image you will see there are maybe only one or few candles that reach above 15 pips per day on a 15M chart. These tend to be impulses / thrusts in movement. Note, the candles tends to reach the 15 pip mark at close of candle, so in realtime looking for around ~8-15 pips.

Tend to put both ATRs in the same sub-window. We are looking for medium term and short term increasing momentum. i.e. increase in candle range

The concept is simple, if you want a TP of 5 pips, there has to be a range greater than 5 pips, otherwise 5 pips is not available. The the greater the ATR value the better.

The entire method is based on the high and low range of the day, the hour and the candle.

Hope that makes sense.

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  • #247
  • Edited 7:49am Jun 9, 2023 4:29am | Edited 7:49am
EURUSD slow day so far, no news today, slowly trying to recover some of the gain yesterday.... wait and see at present.
Maybe a non-trading day as not really any momentum at present.

No trade today.
  • #248
  • Edited 1:10pm Jun 12, 2023 3:05am | Edited 1:10pm
EURUSD 15M. Done for the day.

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The horizontal lines are zigzag hi lo points, just seeing if they add any value.
The MAs used are 200, 100, 50 EMAs. However I prefer a less cluttered chart of the original idea / method
  • #249
  • Jun 12, 2023 8:59am Jun 12, 2023 8:59am
Quick 8 pips this morning
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  • #250
  • Jun 12, 2023 5:45pm Jun 12, 2023 5:45pm
Quoting feichkop
Quick 8 pips this morning {image}
Hi feichkop, please could I learn more about your approach to validate entry by other timeframe S/R and moving averages? Thank you.
  • #251
  • Jun 12, 2023 10:03pm Jun 12, 2023 10:03pm
Quoting Ronin-
{quote} Hi feichkop, please could I learn more about your approach to validate entry by other timeframe S/R and moving averages? Thank you.
Hi Ronin,

Sure, I'm no real expert and still learning but I'll do my best.

Here's a trade I just closed. Looking at the 4hr there is solid support and price is starting to rise. On the 15 min chart I drew in the resistance trendline and actually placed this trade as a pending limit order thinking if price broke both the trendline and the purple 200ema it would have some momentum. That coupled with the idea that if price makes it to the 50% buy line of the 10 day adr it will likely go more in that direction. I have been placing limit orders with a 10 pip tp and a 30 pip sl. Hope that helps



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  • #252
  • Jun 12, 2023 10:06pm Jun 12, 2023 10:06pm
Quoting feichkop
{quote} Hi Ronin, Sure, I'm no real expert and still learning but I'll do my best. Here's a trade I just closed. Looking at the 4hr there is solid support and price is starting to rise. On the 15 min chart I drew in the resistance trendline and actually placed this trade as a pending limit order thinking if price broke both the trendline and the purple 200ema it would have some momentum. That coupled with the idea that if price makes it to the 50% buy line of the 10 day adr it will likely go more in that direction. I have been placing limit orders...
Also BTW, when I placed the trades I was right on the blue buy line, but you can see on my screenshot they shifted a little by the time the trade closde.
  • #253
  • Edited 12:57am Jun 13, 2023 12:37am | Edited 12:57am
EURUSD 15M. Already done for the day!!!

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-Early today. Strong trend from start of new day, so used pending stop order.
-Currency strength >= 0.5
  • #254
  • Jun 13, 2023 12:42am Jun 13, 2023 12:42am
Quoting feichkop
{quote} Hi Ronin, Sure, I'm no real expert and still learning but I'll do my best. Here's a trade I just closed. Looking at the 4hr there is solid support and price is starting to rise. On the 15 min chart I drew in the resistance trendline and actually placed this trade as a pending limit order thinking if price broke both the trendline and the purple 200ema it would have some momentum. That coupled with the idea that if price makes it to the 50% buy line of the 10 day adr it will likely go more in that direction. I have been placing limit orders...

Thank you feichkop, very helpfully.
  • #255
  • Jun 13, 2023 2:26am Jun 13, 2023 2:26am
+5 pips fo today
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Guppy re-invented All Time Return: 83.3%
  • #256
  • Jun 13, 2023 2:36am Jun 13, 2023 2:36am
Quoting 8tango
+5 pips fo today {image}
Excellent! We are all getting there with consistent wins.
  • #257
  • Jun 13, 2023 2:39am Jun 13, 2023 2:39am
Ronin,
I have had faith since day 1 with your system.
cpfleger
  • #258
  • Edited 4:55am Jun 14, 2023 3:13am | Edited 4:55am
EURUSD slow day so far awaiting news later today. Bloomberg radio on and listening......

Price near the buy line now (UCT 10:43), but no cigar yet.
Price still wandering upwards with minor strength at 0.13
  • #259
  • Edited 7:37am Jun 14, 2023 7:23am | Edited 7:37am
EURUSD 15M. Done for the day.


Slow day so far, could see strength was maintaining, however wary as US market about to open and news.

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  • #260
  • Edited 6:05pm Jun 14, 2023 2:44pm | Edited 6:05pm
Hope the method is clear by the nearly two months of live manual trades showing ~91% win rate; handing the baton over...... Good Luck.
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