Williams%R, SAR X-over 15 minute candles | Page 286 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #5,701
  • May 16, 2024 9:01am May 16, 2024 9:01am
PA is at a standstill current candle is 20 mins. old.
  • #5,702
  • May 16, 2024 9:03am May 16, 2024 9:03am
Of course as soon as I said that got 4 candles is 45 secs.
  • #5,703
  • May 16, 2024 10:37am May 16, 2024 10:37am
Quoting driven18
{quote} You are hijacking the thread(I mean it in a good way), this MA Channel strategy does not need volume or any variations of it. It is meaningless and brings nothing to the table, just TMI for some of the hopeful subs. MA Channel is a simple strategy that works when MM is fully understood and disciplined to utilize it. Just as an example, here is today Dow Futures 5 Min TF real trades and a gain of 100 points, +3% - no volume or DOM or delta or any variations of it needed, pure PA action with HA Candles and MA Channel. {image}
I am not hijacking the thread, as I stated several times in the post. I probably would not have posted here again had it not been for your post. I am not telling anyone to do anything, please do not get that confused. As I stated, I had to tell the owner of the thread what I am going to work on based off of it, out of respect for his published strategy and thread.

I have to disagree with you completely. Entering a trade based off a MA channel break and/or a Renko Brick alone is not enough reason for me to risk my equity - there is zero propensity behind the trade IMO and that is what I work on. Knowing what to look for using these tools, I can avoid (or detect earlier) many of the fake-out's that any trend trading strategy has to deal with as well as providing a means to assess the trends strength/participation. There are also several studies showing the decline of trend trading returns since the start of 2000's, so I am always looking for that extra edge when trend trading, sorry if this offends you.

If you cannot understand Order Flow or are content in your trading, then I wish you the best! However other traders strive for excellence and continually want to improve their trading and general market understanding, many of which tend to be Order Flow traders of which the post was really made for and as I said, I will create a new thread to develop these Order Flow ideas, for those traders. Again, not hijacking...

I apologise if it seemed that way.

Trade safe,

MM
Seeking Fair Value
  • #5,704
  • Edited 11:50am May 16, 2024 11:33am | Edited 11:50am
Quoting makingmoves
{quote} I am not hijacking the thread, as I stated several times in the post. I probably would not have posted here again had it not been for your post. I am not telling anyone to do anything, please do not get that confused. As I stated, I had to tell the owner of the thread what I am going to work on based off of it, out of respect for his published strategy and thread. I have to disagree with you completely. Entering a trade based off a MA channel break and/or a Renko Brick alone is not enough reason for me to risk my equity - there is zero propensity...
One more point to respond, not necessarily based on your write up.

When it comes to trading, Simplicity is The Key. This is a Big Secret I will open to struggling 95% of the traders.

It takes many years of experience and trying/working with 100's of indicators of this and that to realize the uselessness and meaninglessness of them. I thank my good fortune that I finally understood it.

Cheers
  • #5,705
  • May 16, 2024 12:54pm May 16, 2024 12:54pm
Quoting driven18
{quote} One more point to respond, not necessarily based on your write up. When it comes to trading, Simplicity is The Key. This is a Big Secret I will open to struggling 95% of the traders. It takes many years of experience and trying/working with 100's of indicators of this and that to realize the uselessness and meaninglessness of them. I thank my good fortune that I finally understood it. Cheers
Respectfully, I do not believe that to be a big secret, retail traders are taught this from their first YouTube video.

You must remember, not everyone does or should trade like you. Every trader needs to know this, their way is not the only way, including my trading style, not everyone can make use of the enormous amount of data Order Flow presents.

What I find far more important is the reasoning behind placing a trade, staying in a trade and closing a trade. In a extremely competitive market/industry, where 95% of people fail, I personally don't expect the job of a trader to be simple.

If you have made trading simple, I commend you and respect your choice of trading structure/beliefs however I cannot agree that simple is the way everyone should trade.

I fully agree that almost all indicators are useless, like the indicators in the thread title that are not used anyone (that I can see), but at the same time this strategy includes indicators! Order Flow itself is not an indicator but a tool to view the market in a more detailed way; you can visualize it in any way you want - its about the Data & Orders!

Anyways all the best to you, I'll step back from posting on this thread.

Trade safe,

MM
Seeking Fair Value
  • #5,706
  • May 16, 2024 3:07pm May 16, 2024 3:07pm
Quoting makingmoves
{quote} I am not hijacking the thread, as I stated several times in the post. I probably would not have posted here again had it not been for your post. I am not telling anyone to do anything, please do not get that confused. As I stated, I had to tell the owner of the thread what I am going to work on based off of it, out of respect for his published strategy and thread. I have to disagree with you completely. Entering a trade based off a MA channel break and/or a Renko Brick alone is not enough reason for me to risk my equity - there is zero propensity...
I have no problem with you posting on this thread. I did not see your posts as trying to hijack anything. Primarily I focus on ema tunnel and renko/heiken ashi candles with whatever variation people wish to use. But I also have no problem with people throwing out some idea's. Am I going to trade like you, no I will not doesn't suit me. Doesn't mean I don't find some of it interesting.
  • #5,707
  • May 16, 2024 3:13pm May 16, 2024 3:13pm
Only things I don't want on this thread is negativity and posters who insist their way is the only way. Negativity because trading is difficult enough without throwing bad vibes out there, the my way or the highway people because it's a waste of space they are idiots.
  • #5,708
  • May 16, 2024 3:17pm May 16, 2024 3:17pm
Finally to Makingmoves i agree 100% that you should start a thread if you want to open up a discussion on what you posted here. And i will subscribe and watch what happens with great interest.
  • #5,709
  • May 17, 2024 9:47am May 17, 2024 9:47am
No trading for me today PA just not worth the trouble. Great weekend to all.
  • #5,710
  • Edited 1:03pm May 17, 2024 12:42pm | Edited 1:03pm
Hi Rocky

I did trade near the close as usual and after some crappy PA moves, some nice signals appeared.

WARNING VOLUME SHIT
Footprint charts can be made to look like normal candle chart WHILST still containing valuable information visually. Traders often wonder why ES changes direction and often it's because some big player has an ICEBERG order placed at a certain level to block a trend movement, and therefore create a trend change. Here you can see my chart highlights major absorption levels with either a BUYERS or SELLERS Resistance line which is a great signal to start trading the other way. These Resistance lines are automatically drawn by the Motivewave Trading Platform (The MAC users best choice for Future's Trading).
Here I am being honest to your Strategy and waiting till price crosses the MA lines on my chart.

Notice I am not using HA but instead have the "point of control" of each candle as my guide for current direction. This is the yellow area within a chart and tells me that this is the highest area of volume within the candle and therefore the only important thing I should focus on.

Cumulative Delta is there as well for a visual factor (or I can place a Totals tape like MM uses).

Here I took the Sell down to the GREEN ABSORPTION signal where I exited for a 40 tick profit (2 trades) and when Long after the MA cross for 40 Ticks in two trades thereafter.

Hoping this isn't too VOLUME BORING STUFF for normal chart guys.

PS. Notice the size of the Volume (black) in the bars that cross the first Red resistance on the way up - they were 5 times larger.
There was a real chance price could have turned bearish, but PA here won.
(Chart details -Red is Bearish Delta, Green is Bullish Delta, yellow is candle POC, grey area is 70% of candle Volume area)

PSPS. This chart did "SHOOKED ME OUT" at that Red candle on the upwards move because the POC was almost crossing the MA line.
That was "TRADER FUCKUP" and I should have held.

PSPSPS. The reason Rocky's Strategy excites me is Renko Bars keep you in longer in a trade, whilst time / tick charts SHAKE YOU OUT TO F......k
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Trading thin liquidity at the boundary of the charts
  • #5,711
  • Edited 1:09pm May 17, 2024 12:56pm | Edited 1:09pm
Damn, do I want to do this post, ahhh screw it, here it go's. Just to finish up the week.

Today was very choppy day and I had few losses. I am showing last 2 trades on Dow Futures 5 Min TF and as per RickM expression "WARNING 'NO" VOLUME SHIT"

After few small losses, trade 1 on the image took me to BE for today. Trade 2 is still going and profitable.

It was another great week! All have a good weekend. It is time for cold one. Cheers to Rocky and RickM, old trading buddies .

P.S There is allot that go's into the trade and not visible on the image, I am only displaying MA Channel, as it is what this thread is dedicated to.
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  • #5,712
  • May 17, 2024 2:58pm May 17, 2024 2:58pm
Hey Rocky & co. This is a perfect picture from today MNQ - are these 2 the best entry points or is there something to be made aware of that I am missing. Usually price has moved on as soon as the set up cross over has happened so how do you get in at the best possible price. Any ideas or advice? Pity all days do not print like this

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  • #5,713
  • May 17, 2024 4:22pm May 17, 2024 4:22pm
Quoting binnie
Hey Rocky & co. This is a perfect picture from today MNQ - are these 2 the best entry points or is there something to be made aware of that I am missing. Usually price has moved on as soon as the set up cross over has happened so how do you get in at the best possible price. Any ideas or advice? Pity all days do not print like this {image}
I usually anticipate the close with a market order as long as price isn't moving super fast that works fine for me, you could set up a limit order. That's the issue for me with the NQ gets too speedy for my taste.
  • #5,714
  • May 19, 2024 7:22am May 19, 2024 7:22am
Hello, gentlemen, can you explain to me what the conditions for entry into the MACD should be, what must be met, thank you
  • #5,715
  • May 19, 2024 6:54pm May 19, 2024 6:54pm
Hi rockypoint.
What are the settings for the hybrid Renko? See below for the ovo renko hybrid generator

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  • #5,716
  • May 19, 2024 9:03pm May 19, 2024 9:03pm
I use 5 ticks most of the time for ES. can use 3 on slower days or 6 on higher volume days/
  • #5,717
  • May 19, 2024 9:05pm May 19, 2024 9:05pm
Quoting borofx
Hello, gentlemen, can you explain to me what the conditions for entry into the MACD should be, what must be met, thank you
Look at the charts entry points are marked.
  • #5,718
  • May 20, 2024 7:54am May 20, 2024 7:54am
Kind of a weird start to the day, PA very slow but just keeps creeping in my direction, CVD keeping me in the trade. Without CVD would have exited at about 34 ticks now locked in at 48.
  • #5,719
  • May 20, 2024 8:04am May 20, 2024 8:04am
I got out it's too slow moving making me antsy.
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  • #5,720
  • May 20, 2024 8:08am May 20, 2024 8:08am
Probably longest first trade of the day i remember having in last few years.
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