Williams%R, SAR X-over 15 minute candles | Page 267 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #5,321
  • Mar 15, 2024 12:18pm Mar 15, 2024 12:18pm
Will look for 1 more trade. We'll see what happens.
  • #5,322
  • Mar 15, 2024 12:29pm Mar 15, 2024 12:29pm
Took a long tiny win, done for the day. Now I'm going to make some Onion soup, little chilly and rainy today.
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  • #5,323
  • Mar 15, 2024 1:25pm Mar 15, 2024 1:25pm
Quoting rockypoint
{quote} I get the second trade but don't see the reasoning behind the firs trade.
"So, the level had been totally tested as support and resistance, right? So when the price came back around on the next candle, I was like, "Let's get in on this trade!"
  • #5,324
  • Mar 15, 2024 2:09pm Mar 15, 2024 2:09pm
Quoting ProfitStream
{quote} So, check it out - I took two trades today. The first one had a sweet 2-pip take profit, and the second was even better with an 18-pip take profit. I kept my stop loss at 8 pips and ended up with about 2.25 times my risk. Now, onto the next one. I plan to open at 0.02 lots since I'm compounding each trade. This is where I need to improve because my win rate is floating at 30%. These are the indicators available on the MT5 platform, so I'll stick to them since they worked for you in the past. {image}
Look you are ignoring the indicators(which if you want to trade just PA fine,) for this system at that time there was 1 trade long after Psar flipped to bottom and WPR was moving up past -50
  • #5,325
  • Mar 15, 2024 2:36pm Mar 15, 2024 2:36pm
Quoting rockypoint
{quote} Look you are ignoring the indicators(which if you want to trade just PA fine,) for this system at that time there was 1 trade long after Psar flipped to bottom and WPR was moving up past -50
Got it, I'll brush up and stick to the rules on Monday market day!
  • #5,326
  • Edited 2:57pm Mar 15, 2024 2:39pm | Edited 2:57pm
Quoting MachineLearn
;Removed Divergence logic ;Added Triangular Moving Average Channel - Identify larger trend with TMA channel - Wait for a bounce from TMA channel then enter using Rocky’s method Great results! {image} {image} {image}
So you finally at TMA indicator

All the good traders(successful ones) and there are only 4 of them on FF, went through TMA Channel indicator. As you found TMA, that means you are on the right track at about halfway of your journey. I would give it 2 more years for you to produce consistent profitable results.

My point is, you are on the correct path to success as you chose to experiment with one of the best indicators out there TMA!(MACD is also very good)

Here is my Live Trading for the last 2 days using variation on MA Channel indicator, about + 7.7% per each 50K

Chart is Nasdaq Futures, 5 Minutes TF, using statistically viable Money Management methods, to concur that beast.
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  • #5,327
  • Mar 15, 2024 3:16pm Mar 15, 2024 3:16pm
Quoting driven18
{quote} So you finally at TMA indicator All the good traders(successful ones) and there are only 4 of them on FF, went through TMA Channel indicator. As you found TMA, that means you are on the right track at about halfway of your journey. I would give it 2 more years for you to produce consistent profitable results. My point is, you are on the correct path to success as you chose to experiment with one of the best indicators out there TMA!(MACD is also very good) Here is my Live Trading for the last 2 days using variation on MA Channel...
Beautiful results!

the TMA is incredible indeed!

And 2 years? I’ve was profitable while you were in diapers

I’m just exploring systems with more of an active, and fast paced trading style. Profitability and success was never an issue for me.

I’m looking for a hands on scalping system. I have great intraday and swing trading systems, theyre just not as fun .

keep sharing your results though, they’re inspiring. I hear your voice in the back of my mind when trading now
  • #5,328
  • Mar 15, 2024 3:16pm Mar 15, 2024 3:16pm
Quoting MachineLearn
{quote} Beautiful results! the TMA is incredible indeed! And 2 years? I’ve was profitable while you were in diapers I’m just exploring systems with more of an active, and fast paced trading style. Profitability and success was never an issue for me. I’m looking for a hands on scalping system. I have great intraday and swing trading systems, theyre just not as fun . keep sharing your results though, they’re inspiring. I hear your voice in the back of my mind when trading...
i like everything about this system except the Ema tunnel, that’s why I’m looking for a proper replacement
  • #5,329
  • Mar 15, 2024 3:49pm Mar 15, 2024 3:49pm
Quoting MachineLearn
{quote}I hear your voice in the back of my mind when trading now
What does this voice say?
  • #5,330
  • Mar 15, 2024 4:24pm Mar 15, 2024 4:24pm
Quoting driven18
{quote} What does this voice say?
I hear you laughing at my profits while you rake in 3K weeks

… and trading takes time and that’s it’s been a 5 year process for you
  • #5,331
  • Mar 15, 2024 4:40pm Mar 15, 2024 4:40pm
Quoting MachineLearn
{quote} I hear you laughing at my profits while you rake in 3K weeks … and trading takes time and that’s it’s been a 5 year process for you
No way I am laughing about your profits, I am happy for you and 3K + a week is only my MA Channel strategy .. I trade few different ones
  • #5,332
  • Edited 9:34am Mar 18, 2024 8:21am | Edited 9:34am
When one is disciplined, presents like this are very much appreciated waking up on Monday morning. Trade started on Friday, NASDAQ Futures 10 Min TF, +4% Profit.
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  • #5,333
  • Mar 18, 2024 9:40am Mar 18, 2024 9:40am
Quoting driven18
When one is disciplined, presents like this are very much appreciated waking up on Monday morning. Trade started on Friday, NASDAQ Futures 10 Min TF, +4% Profit. {image}
Nice trade, My psyche can't handle holding futures overnight. Option trades yes futures no. Power to you.
  • #5,334
  • Mar 18, 2024 9:43am Mar 18, 2024 9:43am
Pretty simple easy to trade day so far especially for a Monday which generally are not the best trading days. Nice PA moving at an easy pace. 2 trades for good wins.
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  • #5,335
  • Mar 18, 2024 9:52am Mar 18, 2024 9:52am
Entered a bearish divergence which just cost me 6 ticks.
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  • #5,336
  • Mar 18, 2024 10:31am Mar 18, 2024 10:31am
Got my loss back with a small win +9.
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  • #5,337
  • Mar 18, 2024 12:16pm Mar 18, 2024 12:16pm
Got bored awhile ago, so done for the day. Pretty good Monday. PA started out very tradeable. then turned a little jumpy but still slow.
  • #5,338
  • Edited 2:58pm Mar 18, 2024 1:56pm | Edited 2:58pm
Here is today trading 5 Min TF, Nasdaq Futures with precise Money Management (BE, SL Trailing, TP Trailing - not shown on the chart). Extra Momentum indicators are also not shown. The chart posted for the reason of showing that MA Channel does work.
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  • #5,339
  • Mar 18, 2024 7:02pm Mar 18, 2024 7:02pm
Quoting driven18
Here is today trading 5 Min TF, Nasdaq Futures with precise Money Management (BE, SL Trailing, TP Trailing - not shown on the chart). Extra Momentum indicators are also not shown. The chart posted for the reason of showing that MA Channel does work. {image}
Nice chart, So what Momentum indicators do you like to use?
  • #5,340
  • Mar 18, 2024 8:22pm Mar 18, 2024 8:22pm
Quoting kthrapp350
{quote} Nice chart, So what Momentum indicators do you like to use?
Sorry, I appreciate you asking, but it is personal knowledge acquired with the hard work and sweat.

My point of displaying a chart is, MA Channel technique is a good starting base to work with.
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