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(binned per thread starter's request) Naked Trading With HA Handl

  • #581
  • Aug 8, 2023 10:29am Aug 8, 2023 10:29am
Quoting cpfleger
Orangejuice, Support and Resistance horizontal Lines with Vertical Dotted Lines to defined real time per candle direction. Paid Indicator and not available to the public as I have given enough to loads of people over the last few years. cpfleger
yes you have, I know you have helped me a great deal and I thank you!
without patience how can you be a trader?
  • #582
  • Aug 8, 2023 11:29am Aug 8, 2023 11:29am
Steverino832,
Not sure if I shared this Zig Zag Channel Indicator with you yet...
cpfleger
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 ZigZagWithChannelsFix.mq4   63 KB | 258 downloads
File Type: ex4 ZigZagWithChannelsFix.ex4   56 KB | 214 downloads
  • #583
  • Aug 8, 2023 12:13pm Aug 8, 2023 12:13pm
Quoting Inthebox
buy {image}
1st and 2nd trades to offset pnl. 3rd for profit.
support at h4 engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #584
  • Aug 8, 2023 2:16pm Aug 8, 2023 2:16pm
Quoting Inthebox
{quote} 1st and 2nd trades to offset pnl. 3rd for profit. support at h4 engulf. {image}
nice recovery! some times one bullet is just not enough
without patience how can you be a trader?
  • #585
  • Aug 8, 2023 2:37pm Aug 8, 2023 2:37pm
Quoting Steverino832
{quote} nice recovery! some times one bullet is just not enough
actually trading the h4 if you trust the engulf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #586
  • Edited Aug 9, 2023 7:25am Aug 8, 2023 9:26pm | Edited Aug 9, 2023 7:25am
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closed for 21.8 pips
without patience how can you be a trader?
  • #587
  • Aug 9, 2023 1:15am Aug 9, 2023 1:15am
buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #588
  • Aug 9, 2023 8:00am Aug 9, 2023 8:00am
Play with the channel result for today.
Open position as price leave the channel.
xinitial.
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  • #589
  • Aug 9, 2023 12:24pm Aug 9, 2023 12:24pm
xinitial,
Its nice to see a young man with incentive to learn and earn.
cpfleger
  • #590
  • Aug 9, 2023 2:25pm Aug 9, 2023 2:25pm
Quoting cpfleger
{image}
Its good to see Dean Malones classic Synergy system still in use in 2023. Quite nostalgic! I used to run the full Synergy system with the arrows and all the other MTF and volatility stuff on an Acer netbook about ten years ago. . Used to really slow it down and it took an age to switch charts.Not a problem on modern day hardware. I think Dean had more success with his DOTS/Guppy system though
  • #591
  • Aug 9, 2023 5:31pm Aug 9, 2023 5:31pm
hostwey,
Dean sold a lot of Synergy Systems and yes when you used all of those lovely Indicators it would slow old computers down, but I have reduced my version over the years, and it still performs. It also shows to many a young man you do not a new system to trade successfully but most retail traders are still chasing the Holy Grail which was just a drinking cup in those hills of Egypt.
cpfleger
  • #592
  • Edited 6:26pm Aug 9, 2023 6:01pm | Edited 6:26pm
Maybe this does not belong here, as the only indicator I am using is volume. If not, I will immediately delete. I've been testing a Naked HA Chart system that uses high volume to confirm breakouts.

You'll notice if you look at the yellow lines, that when the HA candle breaks the trendline, it has high volume confirmation in bias direction.

If you look at the gray lines, you'll notice that when the breakout finally happens, if there's not enough volume to confirm the breakout, the price actually fails to move further, loses momentum and reverses. The candle breaking the trendline (touching) should have high volume. I'm using the PVSRA indicator for volume.
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Here's a setup that happened like an hour ago on EURUSD. When price originally broke the trend line, there was no volume confirmation. The trend lost momenutm and price quickly started tor reverse. As crossed back over the trendline to test it, when it broke for the second time, that's when the volume kicked in and momentum carried price down for a quick scalp.
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And GBPAUD moments ago
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Can't go broke making profit
  • #593
  • Aug 9, 2023 6:47pm Aug 9, 2023 6:47pm
Quoting FireScape
Maybe this does not belong here, as the only indicator I am using is volume. If not, I will immediately delete. I've been testing a Naked HA Chart system that uses high volume to confirm breakouts. You'll notice if you look at the yellow lines, that when the HA candle breaks the trendline, it has high volume confirmation in bias direction. If you look at the gray lines, you'll notice that when the breakout finally happens, if there's not enough volume to confirm the breakout, the price actually fails to move further, loses momentum and reverses....
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Can't go broke making profit
  • #594
  • Aug 9, 2023 6:49pm Aug 9, 2023 6:49pm
Quoting FireScape
Maybe this does not belong here, as the only indicator I am using is volume. If not, I will immediately delete. I've been testing a Naked HA Chart system that uses high volume to confirm breakouts. You'll notice if you look at the yellow lines, that when the HA candle breaks the trendline, it has high volume confirmation in bias direction. If you look at the gray lines, you'll notice that when the breakout finally happens, if there's not enough volume to confirm the breakout, the price actually fails to move further, loses momentum and reverses....
welcome, nice charts
without patience how can you be a trader?
  • #595
  • Aug 9, 2023 6:56pm Aug 9, 2023 6:56pm
Quoting Steverino832
{quote} welcome, nice charts
Thanks! Here's another one half hour ago

Still trying to find a loser
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Can't go broke making profit
  • #596
  • Edited 7:27pm Aug 9, 2023 6:57pm | Edited 7:27pm
Waiting
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Edit - Uh oh, what do we do now? If price bounces off trendline, and next candle shows bearish volume spike, do we take quick short scalp ? hmm
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Edit - I said screw and took it! Quick scalp to trendline. (1.3 spread) Lets spectate and see if we would have got 2R
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Edit - Almost there
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Edit - OFC it's have trouble at this level. This is why i hate leaving orders open, feels like once you get to major S/R levels its a coin flip
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Can't go broke making profit
  • #597
  • Aug 9, 2023 7:29pm Aug 9, 2023 7:29pm
USDJPY just popped, but wouldn't stay in this trade too long, heading into no mans land, bound to reverse soon. 5 - 7 pippys and call it a day
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Can't go broke making profit
  • #598
  • Edited 8:02pm Aug 9, 2023 7:30pm | Edited 8:02pm
Waiting
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Edit - No trade yet, but maybe on the way back down
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Edit - Precisely what happened, lets wait for candle close and short
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Edit - Entering quick short for 1:1 with recent swing and just before support
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Can't go broke making profit
  • #599
  • Edited 8:19pm Aug 9, 2023 7:58pm | Edited 8:19pm
Waiting
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Edit - Short
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Edit -
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Can't go broke making profit
  • #600
  • Aug 9, 2023 8:31pm Aug 9, 2023 8:31pm
Markets dried up, be back in the morning for some nice scalps. Before I go I leave you with a nice little tip.

Follow the ascending/descending wicks - they tell the story!
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Can't go broke making profit
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