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Swing Trades using Price Action

  • #181
  • Jan 29, 2023 7:15am Jan 29, 2023 7:15am
Quoting lucaswalliam
{quote} I am verifying it, still need more samples and data. The results look pretty good.
Cool, feel free to post H4 setups that you might be considering once you've done your analysis. I am only tracking on D1, but the theory is the same for all TFs so the observations would be useful.
  • #182
  • Jan 29, 2023 10:17am Jan 29, 2023 10:17am
For anyone interested here is an indicator that can help with back-testing and catching the signals live.
Attached File(s)
File Type: ex4 Swing Trading.ex4   10 KB | 532 downloads
  • #183
  • Feb 3, 2023 7:40am Feb 3, 2023 7:40am
Quoting pt49
It's been a lean month on the daily chart for this method. However, this week produced 2 entries, sell EURUSD and sell XAUUSD. The euro trade failed but the gold trade is going nicely. {image}
@pt49, I appreciate this thread. A lot of trading strategy threads tend to morph into something with completely different rules and more complications than beginners can handle. While there are plenty of price action ways to trade this, forcing the focus on long wick dojis and daily charts only is a fine way to instill patience from the beginning.

Beginners can learn a lot here. I believe patience is the key. It took me more than a decade to understand that. Once you master the patience, everything else will fall in line.
  • #184
  • Feb 8, 2023 11:19pm Feb 8, 2023 11:19pm
First trade on this strategy.

MN down to D1 all bearish.

D1 doji rejection of the EMA14.

Looking at H4 there was a nice range down.

I entered off the last high that was created before the daily close.

I have tightened the SL to almost B/E as no need to leave any risk on the trade at this stage.
Attached Image(s) (click to enlarge)
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  • #185
  • Edited 6:08am Feb 9, 2023 12:30am | Edited 6:08am
Quoting TheHusla
First trade on this strategy. MN down to D1 all bearish. D1 doji rejection of the EMA14. Looking at H4 there was a nice range down. I entered off the last high that was created before the daily close. I have tightened the SL to almost B/E as no need to leave any risk on the trade at this stage. {image} {image} {image} {image}
TP Hit, nice start to this strat.

I will be posting all future trades here:

https://www.forexfactory.com/thread/post/14320036

Decided to keep a journal consolidating all my trades.
  • #186
  • Oct 31, 2023 1:28am Oct 31, 2023 1:28am
Good luck with your new thread Husla.
I guess it's time to keep this old-time thread alive...

Backtesting a few pairs...
I am in this current trade (live) on EUR/AUD on hourly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EurAUD 60min Rejection.png Size: 67 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #187
  • Oct 31, 2023 1:50am Oct 31, 2023 1:50am
EURJPY daily... 9 years data
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY day.png Size: 43 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #188
  • Oct 31, 2023 1:57am Oct 31, 2023 1:57am
USDJPY daily...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY day.png Size: 52 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #189
  • Oct 31, 2023 2:28am Oct 31, 2023 2:28am
GBPUSD -- 22 years back tested.
DAILY.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD daily.png Size: 59 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #190
  • Edited Nov 1, 2023 12:51am Oct 31, 2023 3:11am | Edited Nov 1, 2023 12:51am
Quoting pt49
GBPUSD -- 22 years back tested. DAILY. {image}
https://www.tradingview.com/script/b...9-by-Cuancuan/ [was hidden by TradingView team, idk why]
https://www.tradingview.com/script/U...9-by-Cuancuan/ [was hidden by TradingView team, idk why]
https://www.tradingview.com/script/w...9-by-Cuancuan/ -- if this one was hidden again, I wont upload it anymore LOL

Hello sir, I created a simple indicator to translate what you require on a trade to be seen easily on TradingView.
Looking forward to learning more from your veteran experience!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB
Yes, Jakarta is in Indonesia.
  • #191
  • Oct 31, 2023 4:09am Oct 31, 2023 4:09am
What are criteria to assess whether a swimg trading system is good or bd?

(1). it can follow price swing or follow zig zag price movement. when you can catch zigzag, no worry about other things.
(2). it run on positive momentum, and stay with momentum until momentum loss.
(3). ?
(4). ?
Attached Image (click to enlarge)
Click to Enlarge Name: Swing on ZigZag on Yen 2023-10-31 215705.png Size: 85 KB
  • #192
  • Oct 31, 2023 4:14am Oct 31, 2023 4:14am
Quoting Jack168
What are criteria to assess whether a swimg trading system is good or bd? (1). it can follow price swing or follow zig zag price movement. when you can catch zigzag, no worry about other things. (2). it run on positive momentum, and stay with momentum until momentum loss. (3). ? (4). ? {image}
Nice curving pattern for shorts imo, just need to manage risk on it
  • #193
  • Oct 31, 2023 7:44am Oct 31, 2023 7:44am
Quoting jakartamafia
{quote} https://www.tradingview.com/script/b...9-by-Cuancuan/ Hello sir, I created a simple indicator to translate what you require on a trade to be seen easily on TradingView. Looking forward to learning more from your veteran experience! {image}
Amazing I started to learn coding about 20 years ago but couldn't concentrate to study it. I just got too old.
Here is a shot of the last 23 months on the Daily GBP/USD.
You should be able to expand it somehow if you can.
I noticed your Indicator missed a good entry short just past the high at 31st July '23... it went to 21r
... hence, I'm posting this Chart for you to fine tune your Indicator and for others who wish to study it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDD1.png Size: 65 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #194
  • Edited 8:00am Oct 31, 2023 7:49am | Edited 8:00am
Quoting Jack168
What are criteria to assess whether a swimg trading system is good or bd? (1). it can follow price swing or follow zig zag price movement. when you can catch zigzag, no worry about other things. (2). it run on positive momentum, and stay with momentum until momentum loss. (3). ? (4). ? {image}
(3) it allows you to sleep through trades... live a a normal life!
(?) the trend REALLY is your friend.
In the days of old when sailors were bold, and seldom if ever contented.
  • #195
  • Oct 31, 2023 9:10am Oct 31, 2023 9:10am
Quoting pt49
{quote} Amazing I started to learn coding about 20 years ago but couldn't concentrate to study it. I just got too old. Here is a shot of the last 23 months on the Daily GBP/USD. You should be able to expand it somehow if you can. I noticed your Indicator missed a good entry short just past the high at 31st July '23... it went to 21r ... hence, I'm posting this Chart for you to fine tune your Indicator and for others who wish to study it. {image}
Ah I see ! Because I add another extra HTF Filter EMA30 to ensure the trending condition. While I will try to make the extra HTF filter optional on the backend, for now just change the EMA30 to EMA16.

After fine tuning, I will add an alert for the indicator, so everytime the pinbar shows up, we will get an email and also push notification (for TradingView Premium only).

Thanks for checking it out Hope it contribute something for the people with the great resources you've shared here
Yes, Jakarta is in Indonesia.
  • #196
  • Oct 31, 2023 9:30am Oct 31, 2023 9:30am
Quoting jakartamafia
{quote} Ah I see ! Because I add another extra HTF Filter EMA30 to ensure the trending condition. While I will try to make the extra HTF filter optional on the backend, for now just change the EMA30 to EMA16. After fine tuning, I will add an alert for the indicator, so everytime the pinbar shows up, we will get an email and also push notification (for TradingView Premium only). Thanks for checking it out Hope it contribute something for the people with the great resources you've shared here
Can you make a button to switch individual ema's off?
In the days of old when sailors were bold, and seldom if ever contented.
  • #197
  • Edited 6:51pm Oct 31, 2023 6:40pm | Edited 6:51pm
Daily trades the last few days or so were on:
eurjpy +.25r
euraud +1r & 2.97r
usdjpy +1.8r
audnzd +5.6r
... with some still running.

I traded a few hourly trades last night... rules exactly the same on hour as on Daily.
If you back test it for scalping I'm sure you can find profitable pairs... DON'T trade live without back testing it YOURSELF.

HOURLY... 12 pairs gave us about 18 trades that I found with many still running...

uraud doing best with +2.34r & +0.6r
udchf +3.5r &DD
audjpy 2 trades in DD
usdcad +1.27r
nzdjpy +.7r
gbpjpy DD
NAS +1.95r & +1.1r
Dow +1.0r & 2 x stopped out.
ASZ +1.29r & +.9r
In the days of old when sailors were bold, and seldom if ever contented.
  • #198
  • Oct 31, 2023 8:14pm Oct 31, 2023 8:14pm
Quoting pt49
{quote} Can you make a button to switch individual ema's off?
Yey, it's done with the new update to make the higher EMA filter an option. Anyway, the TradingView team texted me this morning telling me that my script / description somehow breached their house rule. So I need to reupload to the new one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 46 KB
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Yes, Jakarta is in Indonesia.
  • #199
  • Edited 11:09am Nov 3, 2023 1:18am | Edited 11:09am
New Long Entry Possibilities (?)
Based on H1 EURGBP. Entry with stop order 1 pips above the high, and stop-loss 1 pips below the low.
Let's see how it goes.

It's a loss. Price turns back to the downward (following higher timeframe downtrend)

If you would like to use the indicator I code for this strategy:
https://www.tradingview.com/script/w...9-by-Cuancuan/
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
Click to Enlarge Name: screenshot.png Size: 46 KB
Yes, Jakarta is in Indonesia.
  • #200
  • Nov 3, 2023 11:13am Nov 3, 2023 11:13am
New Long Entry Possibilities (?)

Based on H1 EURJPY. Entry with stop order 1 pips above the high, and stop-loss 1 pips below the low.
One of the opportunities hit TP already +2R. The other one is hovering around +1R
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
Yes, Jakarta is in Indonesia.
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