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  • #1,901
  • Jul 23, 2024 8:59pm Jul 23, 2024 8:59pm
Quoting emmanuel7788
{quote} Tough day ... When trading near any higher timeframe SnR levels, I want to use the H1 and H4 price action to get into the market. Daily and Weekly SnR are where today' price action is, so better pick a H4 rejection candle. Weekly {image} Daily {image} H1 {image} ...

EA Jul 24 4Hr

- knowing where the HTF SnR levels are,

- this 4Hr and the next would be when to trade,

- IF your initial SL is 10pips you need to see at least 75pips to get that +7.5R trade

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul24 H4 24-7-2024 9-55-26 am.png Size: 20 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,902
  • Jul 23, 2024 9:16pm Jul 23, 2024 9:16pm
AU Jul24

- BRN6600 is psych level

- plus the Daily SnR levels

- will probably stop this 'falling knife'

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jul24 6600psyc level 24-7-2024 10-14-05 am.png Size: 24 KB



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,903
  • Jul 23, 2024 10:17pm Jul 23, 2024 10:17pm
Quoting emmanuel7788
{quote} EA Jul 24 4Hr - knowing where the HTF SnR levels are, - this 4Hr and the next would be when to trade, - IF your initial SL is 10pips you need to see at least 75pips to get that +7.5R trade {image} ...

EA Jul24 M30

- breaking high is good.

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul24 m30 breaking high 24-7-2024 11-14-37 am.png Size: 19 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,904
  • Jul 25, 2024 1:21am Jul 25, 2024 1:21am
Quoting emmanuel7788
{quote} EA Jul24 M30 - breaking high is good. {image} ...

EA Jul25 Quick Update

- Daily SnR levels

- where the bulls will meet some resistance

- good place to place our buy targets

- must protect all downside risks

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul25 Daily SnR levels 25-7-2024 2-17-37 pm.png Size: 24 KB



...



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,905
  • Jul 25, 2024 3:36am Jul 25, 2024 3:36am
EG 25/07/2024
Looking for a Bouncing trade on TDI.
The correct phase Elliot in daily seems not over yet.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
  • #1,906
  • Jul 25, 2024 8:59am Jul 25, 2024 8:59am
Hey everyone, I have a question that's a bit out of context. What are you using on MT5 for automatic risk calculation? Everytime I find a good trade, I waste almost a minute while I calculate how many lots are 1% according to my SL. Maybe there's a tool or something that could calculate my lots automatically depending on how big of SL I choose?
  • #1,907
  • Jul 25, 2024 7:56pm Jul 25, 2024 7:56pm
Quoting Evaldas321
Hey everyone, I have a question that's a bit out of context. What are you using on MT5 for automatic risk calculation? Everytime I find a good trade, I waste almost a minute while I calculate how many lots are 1% according to my SL. Maybe there's a tool or something that could calculate my lots automatically depending on how big of SL I choose?


there are many commercial tools available but the good ones are not free.

https://www.mql5.com/en/blogs/post/752975



If this one can be of any use,

https://www.mql5.com/en/code/37075

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,908
  • Jul 25, 2024 8:00pm Jul 25, 2024 8:00pm
Quoting emmanuel7788
{quote} EA Jul25 Quick Update - Daily SnR levels - where the bulls will meet some resistance - good place to place our buy targets - must protect all downside risks {image} ... ...

EA Jul26 End-Of-Week

- Daily 'rejection' candle ... pulled back from highs,

- no more buying today

- market is fundamental driven

- market sentiments is waning

- be realistic with selling and R:R 1:7.5



Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul26 Daily rejection 26-7-2024 8-38-16 am.png Size: 24 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,909
  • Jul 25, 2024 8:08pm Jul 25, 2024 8:08pm
Quoting emmanuel7788
{quote} EA Jul26 End-Of-Week - Daily 'rejection' candle ... pulled back from highs, - no more buying today - market is fundamental driven - market sentiments is waning - be realistic with selling and R:R 1:7.5 {image} ...

EA Jul26 M30 sell follow 4Hr

- If this can break the last two 4Hr candles lows will be good

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul26 Sell H4 candle 26-7-2024 9-05-54 am.png Size: 21 KB


H4 rejection of Weekly SnR levels

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul26 H4 rejection of Weekly SnR 26-7-2024 9-10-49 am.png Size: 11 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,910
  • Jul 25, 2024 8:39pm Jul 25, 2024 8:39pm
Quoting Evaldas321
Hey everyone, I have a question that's a bit out of context. What are you using on MT5 for automatic risk calculation? Everytime I find a good trade, I waste almost a minute while I calculate how many lots are 1% according to my SL. Maybe there's a tool or something that could calculate my lots automatically depending on how big of SL I choose?
Check this out.. Something useful are here.
https://www.earnforex.com/metatrader...osition-Sizer/
Rhythm & Discipline
  • #1,911
  • Jul 26, 2024 3:54am Jul 26, 2024 3:54am
Quoting emmanuel7788
{quote} EA Jul26 M30 sell follow 4Hr - If this can break the last two 4Hr candles lows will be good {image} H4 rejection of Weekly SnR levels {image} ...

EA Jul 26 M30 sell UPDATE London 10am

- to aim for +4R, I would protect +2R

- is this worth to sacrifice some profit now?

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul26 M30 update 2R protect 26-7-2024 4-49-44 pm.png Size: 22 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,912
  • Jul 26, 2024 3:57am Jul 26, 2024 3:57am
Quoting emmanuel7788
{quote} EA Jul 26 M30 sell UPDATE London 10am - to aim for +4R, I would protect +2R - is this worth to sacrifice some profit now? {image} ...
is the ea your using automatic?
  • #1,913
  • Jul 26, 2024 4:04am Jul 26, 2024 4:04am
Quoting adxking
{quote} is the ea your using automatic?

you can use the EA THV CaveManager in the OP' post #324

https://www.forexfactory.com/thread/...3#post14726213
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,914
  • Jul 26, 2024 8:27pm Jul 26, 2024 8:27pm
Quoting emmanuel7788
{quote} EA Jul 26 M30 sell UPDATE London 10am - to aim for +4R, I would protect +2R - is this worth to sacrifice some profit now? {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul26 M30 update 2R protect 26-7-2024 4-49-44 pm.png Size: 22 KB


...

EA Jul 26 M30 closed

- getting out at +2R was a good exit plan on a Friday


Attached Image (click to enlarge)
Click to Enlarge Name: EA M30 closed 27-7-2024 1-14-02 am.png Size: 22 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,915
  • Jul 27, 2024 1:58am Jul 27, 2024 1:58am
Rob,
May I ask what is your risk management rule? How many trades you take a session?
  • #1,916
  • Jul 27, 2024 4:13am Jul 27, 2024 4:13am
Quoting bigjjnem
Rob, May I ask what is your risk management rule? How many trades you take a session?

I am sure Rob will reply you when he is online.

Here is what I would do on a weekend.

Trading XAU once a day only, risk $300 per trade, and with risk : reward 1:7.5R
Starting with USD10,000.
What if when your account grow to $20,000?
Do you add another currency pair to your trading account ?
or
Do you increase your risk and lot size trading the same XAU?

Jan 2018 to Jul 2024 Daily chart

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Daily EA RR 1to7.5 Jan 2018 to Jul 2024 27-7-2024 5-06-38 pm.png Size: 9 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,917
  • Jul 27, 2024 6:11am Jul 27, 2024 6:11am
Quoting emmanuel7788
{quote} I am sure Rob will reply you when he is online. Here is what I would do on a weekend. Trading XAU once a day only, risk $300 per trade, and with risk : reward 1:7.5R Starting with USD10,000. What if when your account grow to $20,000? Do you add another currency pair to your trading account ? or Do you increase your risk and lot size trading the same XAU? Jan 2018 to Jul 2024 Daily chart {image} ...
Thanks Em,

What session you trade XAU? Also, what if you have to re - enter the trade? How you enter the trade? Normally, I split into 2 entries, 1 is for rejection candle, 2nd is when I can see it goes right direction. But this strategy make me miss some good pips.
  • #1,918
  • Jul 29, 2024 3:07am Jul 29, 2024 3:07am
Today's +7R trade went in under an hour.

I'm having trouble finding which post showed how to react to H4 candles, could someone help me? From my understanding, I should see how the last H4 candle (that's already closed) reacted to a resistance/support level. For example, if it closed below the resistance, I am only looking for sells, right? And the resistance zone becomes support only when a H4 candle closes above it, correct?

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
  • #1,919
  • Jul 29, 2024 5:49am Jul 29, 2024 5:49am
Quoting emmanuel7788
{quote} I follow post#1 and draw those SnR with different colours Daily - red H4 - dark green M30 - dodgerblue Daily {image} H4 {image} M30 {image} ...
Thanks Emmanuel
  • #1,920
  • Jul 29, 2024 11:19am Jul 29, 2024 11:19am
Today, I took that beautiful trade on gold. I saw, that we broke the structure on 15m time frame, and that was annoucment for me to pull in sell. The structure was broken with clean bearish candles, so I gave that trade big probability to play in my advantage. RR was 1:1, but I saw that we hit 1H support, so I coonsidered to take my profit. Sl was above the strucutre as always while I trade that set up.
Attached Image (click to enlarge)
Click to Enlarge Name: pic_36.png Size: 62 KB
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