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Swing Trades using Price Action

  • #281
  • Nov 22, 2023 1:41am Nov 22, 2023 1:41am
Thank you for your answer and your time, it should be enough to start testing.
  • #282
  • Nov 22, 2023 2:16am Nov 22, 2023 2:16am
Quoting pt49
{quote} The LONG tail of the wick must touch or pierce the 8ema, NOT the short wick. Occasionally the entire candle may pass through the 8ema. A bullish pinbar must touch the ema from ABOVE. A bearish pinbar must touch ema from BELOW.
I am glad to be on board with the wick pattern! It's indeed a fascinating indicator that provides valuable insights into market sentiment and potential price reversals or continuations.
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We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #283
  • Nov 22, 2023 8:30am Nov 22, 2023 8:30am
Quoting jakartamafia
{quote} Long GBPNZD 1h SL {image} --- Long EURGBP 4h - still running {image}
EURGBP 4h - BE Trade
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It's been awhile since the last post, veryy hectic on the other side of life.
Start backtesting this strategy from day one ^^
Yes, Jakarta is in Indonesia.
  • #284
  • Nov 22, 2023 8:46am Nov 22, 2023 8:46am
my entries from a moment ago, all profitable transactions so far and secured on BE. EURUSD reached TP1, i.e. 1:1 RR
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  • #285
  • Nov 22, 2023 6:09pm Nov 22, 2023 6:09pm
Quoting brabus8001
my entries from a moment ago, all profitable transactions so far and secured on BE. EURUSD reached TP1, i.e. 1:1 RR {image} {image} {image}
Your eurusd trade candle does not pass on my data feed (FXCM).
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In the days of old when sailors were bold, and seldom if ever contented.
  • #286
  • Nov 22, 2023 7:22pm Nov 22, 2023 7:22pm
8EMA slope
I record/take a trade based on trending 8ema (sloping up/down).
You may require more slope, or you may wait until 8ema crosses the 16ema.

Whatever you do or use, BE CONSISTANT... your job initially is to collect data on a large number of trades using exactly thye same entry criteria.
You can refine your rules later, after you have at least 100 trades data on the time frame you prefer for any one pair..
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In the days of old when sailors were bold, and seldom if ever contented.
  • #287
  • Nov 23, 2023 2:37am Nov 23, 2023 2:37am
Hi. With my broker on a funded account, EURUSD was within the entry criteria. 3 transactions ended profitably. We'll see how the day ends today. After historical analysis of charts, I noticed that a long wick, a strong trend without visible corrections, works best. then a candle with a long wick can be treated as a correction. secondly, if the preceding 3 or 4 candles are in consolidation, it reduces the chance of profit, it may mean that the price has reached strong resistance or support.
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  • #288
  • Nov 24, 2023 1:17am Nov 24, 2023 1:17am
2 entries from today, trades still open. I wanted to draw attention to my mistake that I noticed a moment ago. I opened trades on inversely correlated pairs, so practically it can be considered as one trade and then the set % for the trade is too high. my mistake
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  • #289
  • Nov 24, 2023 7:21am Nov 24, 2023 7:21am
XAUUSD Trade Comparison of H1 & H4 charts

H1 candlewick is not touched by 8EMA
H4 candlewick is touched with 8EMA & 16EMA

Just trade safe...
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We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #290
  • Nov 24, 2023 7:37am Nov 24, 2023 7:37am
Quoting deaftrader
XAUUSD Trade Comparison of H1 & H4 charts H1 candlewick is not touched by 8EMA H4 candlewick is touched with 8EMA & 16EMA Just trade safe... {image} {image}
Nice TP HIT!
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We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #291
  • Nov 24, 2023 9:37am Nov 24, 2023 9:37am
I missed 3 good trades today.
Just missed this one 30mins ago...
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In the days of old when sailors were bold, and seldom if ever contented.
  • #292
  • Nov 24, 2023 9:42am Nov 24, 2023 9:42am
Quoting deaftrader
XAUUSD Trade Comparison of H1 & H4 charts H1 candlewick is not touched by 8EMA H4 candlewick is touched with 8EMA & 16EMA Just trade safe... {image} {image}
The 1hour candle is upside down... invalid anyway.
In the days of old when sailors were bold, and seldom if ever contented.
  • #293
  • Nov 24, 2023 9:54am Nov 24, 2023 9:54am
Today I closed the trades with 2-TP1 and 2-BE, BE, due to Friday and the end of the week, I closed the trade manually. prop trading challenge +1% so I'm happy with today's result. Greetings and have a nice weekend to everyone.
  • #294
  • Nov 24, 2023 10:07am Nov 24, 2023 10:07am
Here are the 4 hour trades I found on Gold. It is a Forexcom data feed. If you use Oanda charts it will be different.
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In the days of old when sailors were bold, and seldom if ever contented.
  • #295
  • Nov 24, 2023 10:25am Nov 24, 2023 10:25am
Quoting pt49
Here are the 4 hour trades I found on Gold. It is a Forexcom data feed. If you use Oanda charts it will be different. {image}
EMA8 does not pass through the candle
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  • #296
  • Nov 24, 2023 10:34am Nov 24, 2023 10:34am
Quoting brabus8001
{quote} EMA8 does not pass through the candle {image}
Thanks my friend, you are correct, my bad.

I'm going to back test the shit outa Gold this weekend!
In the days of old when sailors were bold, and seldom if ever contented.
  • #297
  • Nov 25, 2023 9:15am Nov 25, 2023 9:15am
Quoting TheHusla
For anyone interested here is an indicator that can help with back-testing and catching the signals live. {file}
Not work for last MT4 Build ... please update file
  • #298
  • Nov 26, 2023 7:24pm Nov 26, 2023 7:24pm
I hold open BUY trades since last Friday.

Edited: TP Hit! Gold hits 4-weeks HIGH.
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We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #299
  • Nov 27, 2023 3:03am Nov 27, 2023 3:03am
Another TP hit. XAUUSD continues BULLISH!
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We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #300
  • Nov 27, 2023 3:32am Nov 27, 2023 3:32am
Quoting pt49
I began learning trading about 1999... By telephone and 56K dial-up modem. I started live trading 3 weeks after beginning to learn to trade... that was a big mistake in a way, but good in other ways. That account lasted about 4 months before I closed it... I'd lost over ½ of the funds by the time I closed it. I was a "momentum" trader, trading off 1 & 5 min charts just using support/resistance and a 6 & 12 ema. Nothing else. I traded eur/usd in the Asian session when Price was seldom trending. In the 23 years since then I've run the gamut of time...

Struggling with entries? They are there! You just need to be confident in looking for them.
We only trade when there is AGREEMENT. Get 1% Better Each Day!
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