30 minute timeframe strength and weakness | Forex Factory

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30 minute timeframe strength and weakness

  • #1
  • First Post: Jun 18, 2024 12:19pm Jun 18, 2024 12:19pm
Hi

I am going to share my new indicator and method

its a scaling idea for 3 pips a time

you need to see the indicator plotting the 2 lines either up or down and enter with a 3 pip target

stop loss exit on the close of the 30 min candle

avoid news

you can use this on EU GU AU
Attached Image (click to enlarge)
Click to Enlarge Name: S AND W CCC.jpg Size: 170 KB
Attached File(s)
File Type: ex4 SupRes_V3 aaa.ex4   15 KB | 292 downloads
File Type: mq4 SupRes_V3 aaa.mq4   6 KB | 329 downloads
File Type: tpl strength and weakness.tpl   26 KB | 291 downloads
  • #2
  • Jun 18, 2024 12:30pm Jun 18, 2024 12:30pm
If your very aggresive then try 1 pip exit , seems to happen over and oveer again

you could try for 1 pip exit or 30 min candle close if you dont get the 1 pip
  • #3
  • Jun 18, 2024 12:43pm Jun 18, 2024 12:43pm
Pips dont matter its $$$

so you could trade 10 lots anf that woud be $100 evey time you enter , well just about everytime
  • #4
  • Jun 18, 2024 12:50pm Jun 18, 2024 12:50pm
This system gives you the stronger candles vs the weaker ones

you could try 3 pip stop for 1 pip exit or if you don't get your 1 pip just close on the price goes back above the candle close just exit asap
  • #5
  • Jun 18, 2024 1:09pm Jun 18, 2024 1:09pm
you want too be in the trade and close within 5 minutes with 1 pip exit after 5 mins this is scalping but very accurate
  • #6
  • Jun 18, 2024 1:28pm Jun 18, 2024 1:28pm
ok , here is what ii have noticed that is very good idea

measure from the close price to the middle line thats your projected target , stop goes at the high low of the s a r candle

its usually 1:2 rr

but who cares it seems to work
  • #7
  • Jun 18, 2024 1:37pm Jun 18, 2024 1:37pm
if you have £100 in your account then only trade 0.01 lots no more than that , so say you risk 15 pips at 0.01 lots , thats 1.5% risk if its 20 pips then 2% risk

you can make 2 to 4% a day you only need 15% a month

this system is great
  • #8
  • Jun 18, 2024 1:55pm Jun 18, 2024 1:55pm
if the distance from the middle to the close is say 7 pips then just take 1 pip away from it as the target

so the target would be 6 pips with say a 12 pip stop loss
  • #9
  • Jun 18, 2024 2:24pm Jun 18, 2024 2:24pm
trade AU EU GU , less is more

good trading
  • #10
  • Jun 18, 2024 2:52pm Jun 18, 2024 2:52pm
Suggestion: can you start a single thread with all of your strategies instead of cluttering the forum. Thanks.
  • #11
  • Jun 18, 2024 2:57pm Jun 18, 2024 2:57pm
i dont mean it ,

its just that i have some good ideas
  • #12
  • Jun 19, 2024 7:48am Jun 19, 2024 7:48am
Quoting bitgiggy
Suggestion: can you start a single thread with all of your strategies instead of cluttering the forum. Thanks.
Guess he want to achieve the red diamond quickly
  • #13
  • Jun 19, 2024 8:45am Jun 19, 2024 8:45am
just be patient with this system

if the lines don't appear then don't enter

there must be lines
  • #14
  • Jun 19, 2024 4:57pm Jun 19, 2024 4:57pm
Can anyone please explain? Let me understand the trading process. I've read it many times but don't understand.
  • #15
  • Last Post: Jun 25, 2024 2:14pm Jun 25, 2024 2:14pm
Quoting jamesagnew
Hi I am going to share my new indicator and method its a scaling idea for 3 pips a time you need to see the indicator plotting the 2 lines either up or down and enter with a 3 pip target stop loss exit on the close of the 30 min candle avoid news you can use this on EU GU AU {file} {file} {file} {image}
Thanks but your R:R must be extremly bad or have I missed something?
Try to make a live example. Couldn't it be helpful? Just for proper understanding.
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