Williams%R, SAR X-over 15 minute candles | Page 242 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #4,821
  • Feb 15, 2024 5:52am Feb 15, 2024 5:52am
mas conservativos you wait until price closes above the 200 sma to confirm all the original set up and place your buy order only if price rise above the bar that closes above the 200 sma
stoploss last swing low or below 200 sma or find your own way
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  • #4,822
  • Feb 15, 2024 6:02am Feb 15, 2024 6:02am
Quoting tanyam
{quote} Hi Loppo, I joined this tread last week and just started to try Rocky's 8 EMA + ADX strategy, so I added below trend direction approach to help me understand which way trend direction is going. I'm beginner in trading but I found useful settings you might want to try: 200 SMA, 50 EMA and 30 WMA to see trend direction. Take trades ONLY in direction of the trend: BUY ONLY when price >/above 200 SMA, 50 EMA and 30 WMA SELL ONLY when price </below 200 SMA, 50 EMA and 30 WMA I do not trade when price is between 200 SMA and 50 EMA - this is when...
nice post
  • #4,823
  • Feb 15, 2024 6:08am Feb 15, 2024 6:08am
Quoting Puntacana
La barre olive GBPUSD signifie que le wpr est au-dessus de la ligne 50. La barre orange meam wpr est inférieure à la ligne 50. Dans ce graphique, attendez que le prix clôture au-dessus de la ligne de tendance ou au-dessus du sar confirmé par wpr 16 clôturant au-dessus de la ligne 50 comme idée originale. stoploss dernier swing bas {image}
Can you share the indicators more clearly please? THANKS
  • #4,824
  • Feb 15, 2024 6:08am Feb 15, 2024 6:08am
8:30am
USD
Core PPI m/m
News cause a big move but price has not closed above 200 sma to confirm the set up buy and adx has not closes above 25
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  • #4,825
  • Feb 15, 2024 6:14am Feb 15, 2024 6:14am
now just to hel the set if you do not mind i can tell what i think can hel uour set up
use ib as stoploss too
or to enter a new trade
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  • #4,826
  • Feb 15, 2024 7:02am Feb 15, 2024 7:02am
Quoting BixLeVert
{quote} Can you share the indicators more clearly please? THANKS
Attached File(s)
File Type: mq4 WPR Candles.mq4   6 KB | 281 downloads
  • #4,827
  • Feb 15, 2024 7:34am Feb 15, 2024 7:34am
Hello All,
Does anyone know a good Support / Resistance indicator for NT 8 platform.
Much appreciated.
  • #4,828
  • Feb 15, 2024 7:56am Feb 15, 2024 7:56am
ES is just a mess so far today picked off 2 small wins, 1 decent win and a small loss. Horrible PA.
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  • #4,829
  • Feb 15, 2024 8:15am Feb 15, 2024 8:15am
PA looking a little better let's see if it lasts.
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  • #4,830
  • Feb 15, 2024 9:07am Feb 15, 2024 9:07am
Last trade for now back around 11
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  • #4,831
  • Feb 15, 2024 9:35am Feb 15, 2024 9:35am
Hey Rockypoint, why has nobody developed an EA for your method?

Also , could you share your indi's and template as I see its changed alot since 1st post

Thanks

detto
  • #4,832
  • Feb 15, 2024 10:16am Feb 15, 2024 10:16am
Quoting rockypoint
Last trade for now back around 11 {image}

Hi Rocky,
Nice trade! Your strategy seems easy but I appreciated if you could please review and confirm or correct below rules I put together based on my understanding of our strategy :
BUY Strategy:
MACD Histogram and Signal Line > 0
ADX >25
Price closed > EMA 8 (high) and EMA 8 (low) ? - I'm not sure if my understanding about how to make decision around opening trade with High-ken Ashi and EMA 8 (high/Low). Your entry points are circled on all screen shots. Could you show exact entry point around EMA 8 and High-ken Ashi? Please help me to understand.

Much appreciated.
  • #4,833
  • Feb 15, 2024 10:44am Feb 15, 2024 10:44am
Last trade of the day, best of the day. Switched to 5 renko to slow/smooth things a little bit.
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  • #4,834
  • Feb 15, 2024 10:54am Feb 15, 2024 10:54am
Quoting tanyam
{quote} Hi Rocky, Nice trade! Your strategy seems easy but I appreciated if you could please review and confirm or correct below rules I put together based on my understanding of our strategy : BUY Strategy: MACD Histogram and Signal Line > 0 ADX >25 Price closed > EMA 8 (high) and EMA 8 (low) ? - I'm not sure if my understanding about how to make decision around opening trade with High-ken Ashi and EMA 8 (high/Low). Your entry points are circled on all screen shots. Could you show exact entry point around EMA 8 and High-ken Ashi? Please help me...

Buy- Candle closes above 8 ema tunnel and tunnel is turning up.
adx greater than 25 and turning up(if adx is at 40 for example and going down, not a valid signal)
Macd signal lines have crossed up.
The rest is discretion where to set stops, where to exit, have profit target or not, and especially evaluate PA.
I would suggest you demo trade some 3 hour windows of 1hour before market open to 2 hours after the open. Take every valid entry signal. See what happens. From there see if you find any reasons why trades were not winners.
  • #4,835
  • Feb 15, 2024 2:01pm Feb 15, 2024 2:01pm
Hey RP, Here is my version of your system. Using a 5 Range chart instead of Renko. But made 59 ticks today playing with it.
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  • #4,836
  • Feb 15, 2024 3:49pm Feb 15, 2024 3:49pm
Quoting kthrapp350
Hey RP, Here is my version of your system. Using a 5 Range chart instead of Renko. But made 59 ticks today playing with it. {image}
Hey, 59 ticks is a good day. Charts a little busy for my tastes, but my taste means nothing. All that matters is your comfort level. So if this works for you go for it.
I like seeing people adapting systems to their psyche as opposed to trying to adapt their psyche to the system.
  • #4,837
  • Feb 15, 2024 3:50pm Feb 15, 2024 3:50pm
Quoting kthrapp350
Hey RP, Here is my version of your system. Using a 5 Range chart instead of Renko. But made 59 ticks today playing with it. {image}
These are the posts I really love to see! I love when someone takes the principles of the rocky method and make it their own. That is what I did. I think the main reason people struggle here with rocky's method, and I mean the MAIN reason, is that they try to trade the method like rocky. I think that is a recipe for disaster. rocky is rocky. vidvad is vidvad. kthrapp is kthrapp.

For example, try as I might (and I have tied and from time to time still try to figure it out) I have not been able to get the ADX or DM indicators to consistently help me as a trade trigger.

Same with the MACD - it just isn't for me. But give we the 8 ema bands and another moving avg or two, and I really do well with the rocky method.

Great post and great trading, kthrapp!
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  • #4,838
  • Feb 15, 2024 5:51pm Feb 15, 2024 5:51pm
This is how I'm using it scalping indices during NY open

I think discretional volume analysis is arguably the best entry confirmation
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  • #4,839
  • Edited 10:19pm Feb 15, 2024 6:21pm | Edited 10:19pm
Quoting rockypoint
{quote} Hey, 59 ticks is a good day. Charts a little busy for my tastes, but my taste means nothing. All that matters is your comfort level. So if this works for you go for it. I like seeing people adapting systems to their psyche as opposed to trying to adapt their psyche to the system.
I don't trade it everyday. But I always like to try new things. Is a strength and weakness. I like this better by far than your old Ichimoku Cloud (I think that was it) system. So I tried a few things just to see what would work for me. Still not a fan of Renko charts. But hey makes it more fun. Tomorrow probably back my old reliable stuff. I like to learn new systems that I see out there. Keeps me young. Getting old here. On to PPI tomorrow. Everyone have fun!! Learn Market structure then indicators that is my advice. Of coarse not to RP or Vidvad. They have got it going on!! I will probably post again in another 3 or 4 years. LoL.
  • #4,840
  • Feb 16, 2024 6:22am Feb 16, 2024 6:22am
Quoting MachineLearn
This is how I'm using it scalping indices during NY open I think discretional volume analysis is arguably the best entry confirmation {image}
I've come to the opposite conclusion. I've not found volume to be a reliable intraday indicator at all other than on the ES I often see that a volume spike on an M5 candle WITH a reversal often indicates that the swing direction has changed.

On your chart, why did you not mark the circled area as "yellow bars confirming low relative volume meaning downtrend is losing momentum"?

I'm not knocking you and if it works for you that's great. But volume analysis is a rabbit hole I'd hate to see newbs going down if they're trying to learn rocky's method. Volume is much more reliable, imo, on daily, weekly, and monthly stock charts than it is on intraday charts.

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