Tease Me more @cpfleger | Forex Factory

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Tease Me more @cpfleger

  • #1
  • First Post: Edited May 22, 2024 7:32am Sep 18, 2023 6:07pm | Edited May 22, 2024 7:32am
Dear Admin,
Please delete this thread.

Thank you.
x.
  • #2
  • Sep 18, 2023 6:54pm Sep 18, 2023 6:54pm
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  • #3
  • Sep 18, 2023 7:28pm Sep 18, 2023 7:28pm
Quoting cpfleger
{image}
Sir, why are you open there?
Is it based on the leg of the smooth HA starting to shorten with an upward spike?
xinitial.
  • #4
  • Sep 18, 2023 7:32pm Sep 18, 2023 7:32pm
xinitial Great job on starting a new thread! Best of luck, Steve.
without patience how can you be a trader?
  • #5
  • Sep 18, 2023 7:34pm Sep 18, 2023 7:34pm
xinitial.
I opened the trades earlier before the end of the NY Session and then changed the TF to Daily since the Market will slow down until around 7ish tonight.
cpfleger
  • #6
  • Sep 18, 2023 7:43pm Sep 18, 2023 7:43pm
xinitial,
To support my reason to open the two trades are; extreme spike is Blue and there is a Black SR Square along with a Blue Star to tell me where the bottom of the sell trend is along with the Channel Red Line defined the direction. The weakness is the painted Red Cross on the 4 Hour TF before the close of the NY Session.....
cpfleger
  • #7
  • Sep 18, 2023 9:01pm Sep 18, 2023 9:01pm
Quoting Steverino832
xinitial Great job on starting a new thread! Best of luck, Steve.
Thank you and you are always welcome here.
xinitial.
  • #8
  • Sep 18, 2023 9:04pm Sep 18, 2023 9:04pm
Quoting cpfleger
xinitial, To support my reason to open the two trades are; extreme spike is Blue and there is a Black SR Square along with a Blue Star to tell me where the bottom of the sell trend is along with the Channel Red Line defined the direction. The weakness is the painted Red Cross on the 4 Hour TF before the close of the NY Session..... cpfleger
I got it.
Thank you.
  • #9
  • Sep 18, 2023 9:12pm Sep 18, 2023 9:12pm
First trade for today.
xinitial.

channel with ov.
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  • #10
  • Sep 18, 2023 9:28pm Sep 18, 2023 9:28pm
Quoting cpfleger
xinitial, To support my reason to open the two trades are; extreme spike is Blue and there is a Black SR Square along with a Blue Star to tell me where the bottom of the sell trend is along with the Channel Red Line defined the direction. The weakness is the painted Red Cross on the 4 Hour TF before the close of the NY Session..... cpfleger
CP, this is helpful! Do you just target the nearest S/R level? take a small bite so they won't notice?
  • #11
  • Sep 18, 2023 9:33pm Sep 18, 2023 9:33pm
Tryin smooth criminal.
xinitial.
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  • #12
  • Sep 19, 2023 1:03am Sep 19, 2023 1:03am
Mornin, stuck in a range at the moment on lower time frames. Is this why, your going for higher time frames C?

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  • #13
  • Sep 19, 2023 1:11am Sep 19, 2023 1:11am
Quoting cpfleger
xinitial, To support my reason to open the two trades are; extreme spike is Blue and there is a Black SR Square along with a Blue Star to tell me where the bottom of the sell trend is along with the Channel Red Line defined the direction. The weakness is the painted Red Cross on the 4 Hour TF before the close of the NY Session..... cpfleger
Thank you for explaining.
  • #14
  • Sep 19, 2023 1:31am Sep 19, 2023 1:31am
Quoting Ronin-
Mornin, stuck in a range at the moment on lower time frames. Is this why, your going for higher time frames C? {image}
Same here.
  • #15
  • Sep 19, 2023 2:03am Sep 19, 2023 2:03am
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  • #16
  • Sep 19, 2023 4:44am Sep 19, 2023 4:44am
xinitial / Ronon,
Gents, in another Forum I did say once or twice that most traders have been taught to think about MultiTimeFrame Analysis usually from the top down (Daily to 15M TF). Now, I have played around over the last few years and concluded the opposite works for me. So I tend to start out on a low TF (5M) and see trade opportunities which is where xinitial is today and Roning prefers 15M TF but they start to see their trade slowly falls off or reverses, where I have started to raise the TF slowly and depending on the clock time (closer to the end of a Trading Session) makes a big difference on whether to close the trade or extend the trade (higher TF). Volume of the Market is to me the most important element because without Volume no system works.
Comments welcomed.
cpfleger
  • #17
  • Sep 19, 2023 4:56am Sep 19, 2023 4:56am
Quoting cpfleger
xinitial / Ronon, Gents, in another Forum I did say once or twice that most traders have been taught to think about MultiTimeFrame Analysis usually from the top down (Daily to 15M TF). Now, I have played around over the last few years and concluded the opposite works for me. So I tend to start out on a low TF (5M) and see trade opportunities which is where xinitial is today and Roning prefers 15M TF but they start to see their trade slowly falls off or reverses, where I have started to raise the TF slowly and depending on the clock time (closer...
Yeah AGREE, markets that are slow and have low volume really can't be traded, and there is no system that works in markets with low volume. Waiting in a low market is more impatient than waiting in a high volume market. I prefer doing something else than wait in slow market.
xinitial.
  • #18
  • Sep 19, 2023 5:10am Sep 19, 2023 5:10am
xinitial / Ronin,
Are you two happy with the system as is or do we need to optimize / define the How to use this system ?
Example is - Candle type (HA verses Smoothed HA).
I await your comments because I feel you two are just starting to see the light of this system and still need more understanding, let me know soon.
cpfleger
  • #19
  • Sep 19, 2023 5:18am Sep 19, 2023 5:18am
Gents,
To continue from my previous post.
Food for thought.
cpfleger
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  • #20
  • Edited 6:04am Sep 19, 2023 5:33am | Edited 6:04am
Quoting cpfleger
xinitial / Ronin, Are you two happy with the system as is or do we need to optimize / define the How to use this system ? Example is - Candle type (HA verses Smoothed HA). I await your comments because I feel you two are just starting to see the light of this system and still need more understanding, let me know soon. cpfleger
There are few technical issues I'm struggling with as follows below that maybe resolved by further optimization / define how to use.

1) Sometimes the setup is present and correct (subdem box, extreme spike, arrow signal and x, break of channel and one wick HA), but it is a small pullback in trend and get caught out. This is mainly due to the pullback not being more than 1.9x spread so does not quite get over the buy / sell entry line.

2) Getting better at seeing when to trade and not based on volume and speed of marke. On the lower time frame I look at the spread and if it larger than the candles than know it could be risky. Is there another way that I'm missing?

3) Maybe other things to mention but can't think at the moment.
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