Williams%R, SAR X-over 15 minute candles | Page 255 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #5,081
  • Feb 26, 2024 8:36am Feb 26, 2024 8:36am
First trade of the week a long soon after the opening bell for +5 points or +20 ticks ES.

M1 showing trade on tradovate:

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Green up arrow shows the entry candle on the rocky chart:
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Profit target was one tick above the premarket high. ATR on M5 has me considering reducing my TP to +20 ticks from +25 ticks. The TP changes based on intraday volatility and I use the M5 ATR as a "finger on the pulse."
Life itself is a privilege, but to live life to the fullest is a choice
  • #5,082
  • Feb 26, 2024 9:02am Feb 26, 2024 9:02am
First trade of the week, slow PA. As noted last week am trading without ADX for awhile.
Attached Image (click to enlarge)
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  • #5,083
  • Feb 26, 2024 9:05am Feb 26, 2024 9:05am
As you can see on above chart there was a long entry signal after the trade I did not take. Because Bullish PA structure had been broken
  • #5,084
  • Feb 26, 2024 9:27am Feb 26, 2024 9:27am
It is Monday
  • #5,085
  • Feb 26, 2024 9:33am Feb 26, 2024 9:33am
A small win.
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  • #5,086
  • Feb 26, 2024 10:35am Feb 26, 2024 10:35am
Nice sized win. Slow Monday.
Attached Image (click to enlarge)
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  • #5,087
  • Feb 26, 2024 10:45am Feb 26, 2024 10:45am
Here's what probably would've happened trading my usual way.
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  • #5,088
  • Feb 26, 2024 10:59am Feb 26, 2024 10:59am
Using Vidvads template but not his trade management.
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  • #5,089
  • Feb 26, 2024 11:07am Feb 26, 2024 11:07am
Of the 3 ways I felt least comfortable with Vidvads(visually) probably would have felt better on a day with decent PA. My usual method today would have given me smaller profits but was comfortable and ADX keeps you out of some of the sideways movement. With just the MACD mad the largest profits but here really need to be aware of price structure or you could wind up over trading.
  • #5,090
  • Feb 26, 2024 12:42pm Feb 26, 2024 12:42pm
I hit a couple of good NQ trades after that initial ES trade. When the ES god flattish it can be difficult to get in an out of with hurting yourself. NQ can fly and looks scary, but because it flies you can often get +60 ticks before losing -60 ticks.

For NQ I actually seem to prefer the M1 to the renko right now. ES I definitely prefer renko H-A.
Life itself is a privilege, but to live life to the fullest is a choice
  • #5,091
  • Feb 26, 2024 1:10pm Feb 26, 2024 1:10pm
Quoting vidvad
I hit a couple of good NQ trades after that initial ES trade. When the ES god flattish it can be difficult to get in an out of with hurting yourself. NQ can fly and looks scary, but because it flies you can often get +60 ticks before losing -60 ticks. For NQ I actually seem to prefer the M1 to the renko right now. ES I definitely prefer renko H-A.
What would your entries look like today on m1 nq
  • #5,092
  • Feb 26, 2024 1:19pm Feb 26, 2024 1:19pm
Nothing very traceable from my charts
  • #5,093
  • Feb 26, 2024 1:22pm Feb 26, 2024 1:22pm
Here’s a nice little trick a mentor once taught me..it’s for pre market analysis.. check m30 RSI…over 50 longs under 50 shorts, analyze which direction the RSI is headed as well.
  • #5,094
  • Edited 2:15pm Feb 26, 2024 1:27pm | Edited 2:15pm
I made 3 NQ trades today. I agree Time or tick charts for the NQ. They are easy to trade. So here are my three trades in the last hour +63 ticks. So my bad. Normally when I trade the NQ I use a 300 tick chart not the 610. This is due to the volume being less on the NQ So I replaced the 610 tick with a 300 tick. Shows the entries better. If I was trading the MNQ I would use the 610 tick chart. Volume is much higher on that contract. Thanks
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  • #5,095
  • Feb 26, 2024 1:49pm Feb 26, 2024 1:49pm
Ah I see, I was missing trades because I was waiting for the entire tunnel to align with Ema. You guys will go long even if the lower tunnel hasn’t crossed or aligned
  • #5,096
  • Feb 26, 2024 2:01pm Feb 26, 2024 2:01pm
Quoting MachineLearn
Ah I see, I was missing trades because I was waiting for the entire tunnel to align with Ema. You guys will go long even if the lower tunnel hasn’t crossed or aligned
Entry rules are up to the trader and it makes a difference whether you are using min., renko, range or as Kthrapp does tick charts because charts are going to look different. The system is a small part the risk/trade mgmt. and psychology are the big parts.
  • #5,097
  • Feb 26, 2024 2:15pm Feb 26, 2024 2:15pm
Quoting rockypoint
{quote} Entry rules are up to the trader and it makes a difference whether you are using min., renko, range or as Kthrapp does tick charts because charts are going to look different. The system is a small part the risk/trade mgmt. and psychology are the big parts.
How can you make sure to stop overtrading while using this strategy? because usually after a couple of losses I start to FOMO
  • #5,098
  • Feb 26, 2024 2:18pm Feb 26, 2024 2:18pm
Quoting rockypoint
{quote} Entry rules are up to the trader and it makes a difference whether you are using min., renko, range or as Kthrapp does tick charts because charts are going to look different. The system is a small part the risk/trade mgmt. and psychology are the big parts.
100% agreed thanks Rocky
  • #5,099
  • Feb 26, 2024 2:19pm Feb 26, 2024 2:19pm
Quoting JVT4
{quote} How can you make sure to stop overtrading while using this strategy? because usually after a couple of losses I start to FOMO
Get out of the market when Volume dies, around lunch. East rule to follow
  • #5,100
  • Feb 26, 2024 2:29pm Feb 26, 2024 2:29pm
Quoting JVT4
{quote} How can you make sure to stop overtrading while using this strategy? because usually after a couple of losses I start to FOMO
Hey JVT4,

I am learning this strategy as well and I also overtraded quite a lot. After quite a bit of study I discovered that to start it is the best to only trade the clear trends. You could look at the first and second section of the LauraT journal. She has a nice bit of text where she explains that you will have to accept that you didn't trade a trade that would have won. However I got the tip here to focus on the clear trends. I did some backtesting over the weekend and that tip helped me a lot.
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