Williams%R, SAR X-over 15 minute candles | Page 305 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Consecutive Candles Williams %R and Volume with 55EMA Baseline 788 replies

No candles on 15 minute charts 5 replies

Calculating only buy candles vs sell candles 2 replies

15 Minute MA+SAR trading strategy 19 replies

Attachments: Williams%R, SAR X-over 15 minute candles
Exit Attachments

Williams%R, SAR X-over 15 minute candles

  • #6,081
  • Aug 27, 2024 1:43pm Aug 27, 2024 1:43pm
Not Grouper season now, that starts in late Oct. thru April. Most of the fish i like to eat are when Sea of Cortez cools down Grouper, Pompano, Red Snapper, and Sea Bass. You will see big racks in front of certain restaurants, where fisherman bring grouper in to be cleaned and cut up. The restaurant will cokk them up a dinner and get to keep a large portion of the Grouper for free. One of my favorite fish, especially grouper cheeks/collars.
  • #6,082
  • Aug 28, 2024 10:41am Aug 28, 2024 10:41am
Pretty easy follow the trend down day.
Attached Image (click to enlarge)
Click to Enlarge Name: ns27.PNG Size: 46 KB
  • #6,083
  • Aug 28, 2024 10:59am Aug 28, 2024 10:59am
Done for the day. We're going paddling boarding thru the the estuaries today. My Wife is looking for some starfish.
  • #6,084
  • Aug 29, 2024 10:09am Aug 29, 2024 10:09am
Weak uptrend stuck with the price structure.
Attached Image (click to enlarge)
Click to Enlarge Name: ns28.PNG Size: 54 KB
  • #6,085
  • Aug 29, 2024 10:31am Aug 29, 2024 10:31am
Price structure broke took a divergence for a small win.
Attached Image (click to enlarge)
Click to Enlarge Name: ns28a.PNG Size: 55 KB
  • #6,086
  • Aug 29, 2024 11:14am Aug 29, 2024 11:14am
Last trade of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: ns28a.PNG Size: 52 KB
  • #6,087
  • Aug 29, 2024 1:19pm Aug 29, 2024 1:19pm
Quoting rockypoint
I'm going to keep trading 6 cts. of MES rest of the week, if my comfort level comes back I'll switch to 2 cts. of for a week. If all is still well then back to 4 cts., occasionally 5. Since changing I need to look at different things with the indicators, especially the BB and RSI. WPR is pretty easy to read. But that's trading not matter how good you get you need to keep learning or in this relearning to keep your edge. IMO anyway.
RP. Looking at your recent charts when you changed to time-based bars and indicators, it seems to me that both RSI and WPR look so similar in shapes, moves and turns, that using both may not provide additional information than using just one of the two. "Simpler is better" by removing one. What do you think? Or are you just in the process of comparing the two to decide? Thanks for any feedback.
Bill
  • #6,088
  • Aug 30, 2024 9:59am Aug 30, 2024 9:59am
Shittiest day I've had in a long while, crappy PA. Though it looks like a trade finally hit and open short just started moving.
Attached Image (click to enlarge)
Click to Enlarge Name: ns29.PNG Size: 56 KB
  • #6,089
  • Aug 30, 2024 10:06am Aug 30, 2024 10:06am
Got a nice win so I got out as soon as it started to pull back.
Attached Image (click to enlarge)
Click to Enlarge Name: ns29.PNG Size: 55 KB
  • #6,090
  • Aug 30, 2024 10:10am Aug 30, 2024 10:10am
Will follow for a little while but might be done for the week. Got 1 trade which turned a meh day into an okay day. So if I trade again will be picky on entries.
  • #6,091
  • Aug 30, 2024 10:12am Aug 30, 2024 10:12am
A squeeze is forming, let's see what happens.
  • #6,092
  • Aug 30, 2024 10:40am Aug 30, 2024 10:40am
Squeeze played out close to perfectly picked up a big win. Now definitely done for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: ns29.PNG Size: 51 KB
  • #6,093
  • Aug 30, 2024 10:42am Aug 30, 2024 10:42am
Quoting calaxcorp
{quote} RP. Looking at your recent charts when you changed to time-based bars and indicators, it seems to me that both RSI and WPR look so similar in shapes, moves and turns, that using both may not provide additional information than using just one of the two. "Simpler is better" by removing one. What do you think? Or are you just in the process of comparing the two to decide? Thanks for any feedback. Bill
Haven't forgotten you Bill. Working on a reply now.
  • #6,094
  • Aug 30, 2024 10:53am Aug 30, 2024 10:53am
You are correct I am deciding between the 2. And I have chosen the RSI the WPR even with the longer setting has been a little too jumpy. Plus divergences are more reliable with the RSI.
That said I am still looking to add another indicator for confirmation on entries. I will be looking at both the MACD and ADX. I think the BB's and RSI are a very good pairing. You know me I always like to tinker around with systems.
  • #6,095
  • Aug 30, 2024 11:29am Aug 30, 2024 11:29am
Hi RP, many thanks for taking time to regularly post your trades for us all to learn from, your consistency and win rate is quite something.

After studying your charts this is what I've learnt regards entry criteria...

Long trade:
Bullish candle (green)
RSI > blue (10 period) above red (3 smooth) AND above 50
close of candle toward the upper bollinger band

Short trade:
Bearish candle (red)
RSI > blue (10 period) below red (3 smooth) AND below 50
close of candle toward the lower bollinger band

Is this broadly what you're looking for to enter a trade?

Would you ever enter a trade if price was around the middle bollinger?

Thanks in advance.
  • #6,096
  • Aug 30, 2024 12:58pm Aug 30, 2024 12:58pm
Quoting goose11
Hi RP, many thanks for taking time to regularly post your trades for us all to learn from, your consistency and win rate is quite something. After studying your charts this is what I've learnt regards entry criteria... Long trade: Bullish candle (green) RSI > blue (10 period) above red (3 smooth) AND above 50 close of candle toward the upper bollinger band Short trade: Bearish candle (red) RSI > blue (10 period) below red (3 smooth) AND below 50 close of candle toward the lower bollinger band Is this broadly what you're looking for to enter a trade?...
Yes that is correct and yes I would enter some trades on crosses of the mid line(10 ema).
  • #6,097
  • Edited 1:52pm Aug 30, 2024 1:09pm | Edited 1:52pm
Thanks for confirming RP
Even if a trade meets the criteria it would probably be unwise to take if it could run into nearby support or resistance.
  • #6,098
  • Edited 1:29pm Aug 30, 2024 1:10pm | Edited 1:29pm
Had some interesting results, went back and redid today's trades replacing WPR, first with 6 period ADX and then with 8/17/9 MACD.

With the ADX my losing trade was eliminated and my 17 tick win was 15 ticks all other trades the same so I would've netted 4 more ticks and had 1 less trade.
With the MACD I lost 2 ticks on my first trade, still had the loser, but the big difference was I lost 16 ticks on the last trade, s a total of 24 ticks less.

Therefore I will start next week using the ADX in place of WPR and comparing results to the MACD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: adx1.PNG Size: 51 KB
Click to Enlarge Name: adx2.PNG Size: 45 KB
Click to Enlarge Name: macd1.PNG Size: 54 KB
Click to Enlarge Name: macd2.PNG Size: 48 KB
  • #6,099
  • Aug 30, 2024 10:17pm Aug 30, 2024 10:17pm
Winrate??
Market is Open University, Just have To Do PHD
  • #6,100
  • Aug 31, 2024 2:26am Aug 31, 2024 2:26am
Hi RockyPoint,

I would like to try this strategy, but I see that it has changed drastically since the first post.

Could you direct me to the last update summary and instructions, please.
5 traders viewing now