Anchor trading 30 minute timeframe | Forex Factory

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Anchor trading 30 minute timeframe

  • #1
  • First Post: Jun 16, 2024 9:57am Jun 16, 2024 9:57am
hi

this method is very good ,

all you need is a black chart ,

you need an up candle followed by a down candle this is anchor high

then you need a close past that anchor high enter and target 30 pips or if you see 2 opposite candles close the trade

simple idea

see the method attached
Attached Image (click to enlarge)
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  • #2
  • Jun 16, 2024 11:42am Jun 16, 2024 11:42am
I like this one...

I'm doing 1:2 from anchor low..works nice
Attached Image (click to enlarge)
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  • #3
  • Jun 16, 2024 12:34pm Jun 16, 2024 12:34pm
Quoting MachineLearn
I like this one... I'm doing 1:2 from anchor low..works nice {image}

you mean anchor high ?
  • #4
  • Jun 16, 2024 12:36pm Jun 16, 2024 12:36pm
not sure you understand the method
  • #5
  • Jun 16, 2024 12:44pm Jun 16, 2024 12:44pm
here is what to do ,

see attached
Attached Image (click to enlarge)
Click to Enlarge Name: jpy pairs.jpg Size: 182 KB
  • #6
  • Jun 16, 2024 12:51pm Jun 16, 2024 12:51pm
follow these rules and it will work
  • #7
  • Jun 16, 2024 1:17pm Jun 16, 2024 1:17pm
ok here is what i noticed

take the first signal after London open , and hold until you see 2 opposite candles win or loss does not matter ,

follow these rules and you get 1 trade a day

as soon as it goes opposite with 2 candles then close pc come back next day

hope you understand
  • #8
  • Jun 16, 2024 1:28pm Jun 16, 2024 1:28pm
if your more conservative then aim for 30 pips or exit on 2 opposite candles whatever happens first
  • #9
  • Jun 16, 2024 2:06pm Jun 16, 2024 2:06pm
this system can be used on the 5 minute timeframe

entry is on the same rules if you see 3 candles closing lower or higher exit

target is 15 pips on the 5 min tf
  • #10
  • Edited 3:04pm Jun 16, 2024 2:21pm | Edited 3:04pm
5 minute timeframe

target 5 PIPS

stop is 5 also

trade from London open until news time around 13:30 pm uk time

just aim for 5 pips and if your in a buy then you exit on 3 lower closes or 5 pips whatever happens first

so a stop out might be only -5

and tp 5

hope you understand
  • #11
  • Jun 16, 2024 3:33pm Jun 16, 2024 3:33pm
Is this just for London session ?
  • #12
  • Jun 16, 2024 5:24pm Jun 16, 2024 5:24pm
Please illustrate what constitute the down/up candle and exact entry on a chart.
Second is the opposite also used for entry up/down candle?
  • #13
  • Jun 17, 2024 2:51am Jun 17, 2024 2:51am
Quoting jamesagnew
hi this method is very good , all you need is a black chart , you need an up candle followed by a down candle this is anchor high then you need a close past that anchor high enter and target 30 pips or if you see 2 opposite candles close the trade simple idea see the method attached {image}
When you try it on real time charts, not on history drawings,
the wicks ruin it all every time
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 9 KB
Just an opinion. Based on research
  • #14
  • Edited 3:41am Jun 17, 2024 2:59am | Edited 3:41am
Quoting jamesagnew
close past that anchor high enter
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 16 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 6 KB

What is the normal entry rule???
Just an opinion. Based on research
  • #15
  • Jun 17, 2024 8:28am Jun 17, 2024 8:28am
please understand , the entry is on the close past the anchor , i showed it clearly in the screenshot

its not on the break past the anchor , it must close past
  • #16
  • Jun 17, 2024 1:05pm Jun 17, 2024 1:05pm
Quoting jamesagnew
please understand , the entry is on the close past the anchor , i showed it clearly in the screenshot its not on the break past the anchor , it must close past
Please understand that people can't understand your description.
Please show ONE real (or demo) trade on the chart, not history drawings - entry, exit, SL, TP - something like this:
Attached Image (click to enlarge)
Click to Enlarge Name: 433.jpg Size: 21 KB

Realy interesting.
Thank you for your sharings!
Just an opinion. Based on research
  • #17
  • Jun 18, 2024 2:05am Jun 18, 2024 2:05am
Hello, I've made an EA based on your idea. The results on M30, EuroUSD are below.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
Attached File(s)
File Type: ex4 1_1la2_rev1.0.ex4   29 KB | 220 downloads
  • #18
  • Jun 18, 2024 2:16am Jun 18, 2024 2:16am
The EA results are better on USDJPY H1
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
  • #19
  • Jun 18, 2024 2:33am Jun 18, 2024 2:33am
Better results GoldvsUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
  • #20
  • Jun 18, 2024 7:50am Jun 18, 2024 7:50am
hi there guys. I want to share my HFT concept EA v1 for free for EURUSD-M1.
for 1000usd use 0.01 lots, for 10000 use 0.1 lots and for 100000 balance use 1.0 lots

switch off during news(high) better just switch off during ny session because we need sidewayslol
pls somebody tinker with the sets and share w/ me

default set is okay , for 1000usd or 1000cents
close all script can come in handy to be used with this EA

source: trust me bro.

please share if you have made sets for other pairs
Attached File(s)
File Type: ex5 ADRIANLEMON-hedge-v1-EURUSDM1.ex5   30 KB | 144 downloads
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