Williams%R, SAR X-over 15 minute candles | Page 324 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #6,461
  • Dec 9, 2024 12:02pm Dec 9, 2024 12:02pm
Quoting MrReRaise82
{quote} Okay, I see, thank you for the reply. Am I getting your strategy right: 1min HA candles and 10 period Bollinger. I can't figure out the RSI indicator's red line, is that some sort of MA plotted? I see you are using ADX's 25 line as a filter (?) Are you entering short when RSI crosses down, ADX is above 25 (?) and candle closes below BB middle line? And vice versa I guess for longs?
Hm, you seem to be entering short when the HA 1min candle closes on the lower Bband and exit when it closes above the middle line?
And the red line of the RSI is a 3 period moving average applied on the 10 period indicator?
  • #6,462
  • Dec 9, 2024 12:19pm Dec 9, 2024 12:19pm
Quoting MrReRaise82
{quote} Okay, I see, thank you for the reply. Am I getting your strategy right: 1min HA candles and 10 period Bollinger. I can't figure out the RSI indicator's red line, is that some sort of MA plotted? I see you are using ADX's 25 line as a filter (?) Are you entering short when RSI crosses down, ADX is above 25 (?) and candle closes below BB middle line? And vice versa I guess for longs?
RSI is just plotted that way on Ninja Trader. As for the system now. Yes I want to see ADX above 25 and turning up. RSI moving below 50 line for shorts and above for longs. AS for BB I'm looking to see BB's Pinch then expand. Read up on BB'S and Squeezes.
  • #6,463
  • Dec 9, 2024 12:45pm Dec 9, 2024 12:45pm
Quoting rockypoint
{quote} RSI is just plotted that way on Ninja Trader. As for the system now. Yes I want to see ADX above 25 and turning up. RSI moving below 50 line for shorts and above for longs. AS for BB I'm looking to see BB's Pinch then expand. Read up on BB'S and Squeezes.
Just so that I fully understand, you look for an entry in this order?

Short
1. BB should be expanding after a squeeze (are you looking for the trigger candle to touch/close on the lower band?)
2. RSI should be below 50
3. ADX above 25 and turning up

Exit: when candle closes above middle Bband? Or when RSI goes back above 50 level?

Thank you!
  • #6,464
  • Dec 9, 2024 12:48pm Dec 9, 2024 12:48pm
I'm trading MNQ and wondering if this looks like a good setup for you in hindsight?
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  • #6,465
  • Dec 9, 2024 1:05pm Dec 9, 2024 1:05pm
Gave it a try towards the short side on paper trading, already in massive profit. Added the Bbandwith indicator to help identify the expansion.
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  • #6,466
  • Dec 9, 2024 1:15pm Dec 9, 2024 1:15pm
Quoting MrReRaise82
{quote} Just so that I fully understand, you look for an entry in this order? Short 1. BB should be expanding after a squeeze (are you looking for the trigger candle to touch/close on the lower band?) 2. RSI should be below 50 3. ADX above 25 and turning up Exit: when candle closes above middle Bband? Or when RSI goes back above 50 level? Thank you!
That's up to you. I use the midline most of the time but not always. You need to do what makes you feel most comfortable.
  • #6,467
  • Dec 9, 2024 1:17pm Dec 9, 2024 1:17pm
Quoting MrReRaise82
Gave it a try towards the short side on paper trading, already in massive profit. Added the Bbandwith indicator to help identify the expansion. {image}
Never used BB band width, just look at the BB's. TTM Squeeze is a good indicator also.
  • #6,468
  • Dec 9, 2024 1:22pm Dec 9, 2024 1:22pm
Quoting MrReRaise82
Gave it a try towards the short side on paper trading, already in massive profit. Added the Bbandwith indicator to help identify the expansion. {image}
NQ can e profitable it can also be a wild ride. You'll need larger SL's PA generally moves much quicker with a lot of volitility.
  • #6,469
  • Dec 9, 2024 1:25pm Dec 9, 2024 1:25pm
Trading the NQ/MNQ can be stressful due to large quick moves. I'm past the days of needing the stress.
  • #6,470
  • Dec 9, 2024 1:31pm Dec 9, 2024 1:31pm
Quoting rockypoint
{quote} NQ can e profitable it can also be a wild ride. You'll need larger SL's PA generally moves much quicker with a lot of volitility.
Just earned 210 dollars on MNQ with the Topstep account. This never happened before but your setup broke the connection, I was panicking for a few minutes before I could log back in

Hey, thank you so much, really-really appreciate the replies and the guidance, I really like this system, so simple! I HATE complexity.
And yeah, MNQ is a bitch but I love it, just suits me, could never really get along with MES.
  • #6,471
  • Dec 9, 2024 1:37pm Dec 9, 2024 1:37pm
Sorry, one more question re the HA candles. Is it necessary for this strategy to use HA candles? I have never traded with them before and am a bit confused as to how to enter, market, limit or stop order, where to put it, if I should just enter on the close of the 1min candle...?
  • #6,472
  • Dec 9, 2024 1:38pm Dec 9, 2024 1:38pm
Quoting MrReRaise82
{quote} Just earned 210 dollars on MNQ with the Topstep account. This never happened before but your setup broke the connection, I was panicking for a few minutes before I could log back in Hey, thank you so much, really-really appreciate the replies and the guidance, I really like this system, so simple! I HATE complexity. And yeah, MNQ is a bitch but I love it, just suits me, could never really get along with MES.
That what you need to do, be comfortable with what and how you trade. Good luck.
  • #6,473
  • Dec 9, 2024 1:48pm Dec 9, 2024 1:48pm
Quoting MrReRaise82
Sorry, one more question re the HA candles. Is it necessary for this strategy to use HA candles? I have never traded with them before and am a bit confused as to how to enter, market, limit or stop order, where to put it, if I should just enter on the close of the 1min candle...?
i guess what I am asking is do you enter on a market order at close of the trigger HA candle?
  • #6,474
  • Dec 9, 2024 2:25pm Dec 9, 2024 2:25pm
Quoting MrReRaise82
Sorry, one more question re the HA candles. Is it necessary for this strategy to use HA candles? I have never traded with them before and am a bit confused as to how to enter, market, limit or stop order, where to put it, if I should just enter on the close of the 1min candle...?
No HA candles are not necessary, I'm just more comfortable with them. I enter on market orders and exit on market orders.
  • #6,475
  • Dec 9, 2024 2:44pm Dec 9, 2024 2:44pm
Quoting rockypoint
{quote} No HA candles are not necessary, I'm just more comfortable with them. I enter on market orders and exit on market orders.
Thank you. For now I will split my screen to have both HA and candlesticks on until I get comfortable with HA.
  • #6,476
  • Edited 9:08am Dec 10, 2024 8:45am | Edited 9:08am
Dow Futures 5 Min TF, went on the Limit Sell order..done for the day

Opening ranges are very very tricky, but that is where the good money can be made.

Took me few years to monitor every opening of DOW range to come up with this strategy.
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  • #6,477
  • Dec 10, 2024 9:22am Dec 10, 2024 9:22am
Rockypoint, one further question if you don't mind. I noticed that your trigger candles for entry most of the time reach/close on the higher or lower Bband and have no wicks in the other direction (so no lower wicks for longs/no upper wicks for shorts).

Is this a fair observation, are you in particular looking for these kind of candles to enter on majority of the time?
  • #6,478
  • Edited 11:52am Dec 10, 2024 10:31am | Edited 11:52am
Quoting MrReRaise82
Rockypoint, one further question if you don't mind. I noticed that your trigger candles for entry most of the time reach/close on the higher or lower Bband and have no wicks in the other direction (so no lower wicks for longs/no upper wicks for shorts). Is this a fair observation, are you in particular looking for these kind of candles to enter on majority of the time?
I see what you are saying, but no can't saying I'm looking for these candles. I think maybe because I don't like entering on large candles especially when price is ranging.
Todays an example open brought large candles down then up, then down and up again so I just didn't trade. Could I have made money probably, but I will usually pas this kind of PA. It's settled a little now but Pa is messy. So no trading for me today. Instead I made Cheddar, jalapeno corn bread and a Machaca omelet. Lots of coffee and breakfast in bed with the wife.
  • #6,479
  • Dec 10, 2024 10:48am Dec 10, 2024 10:48am
Quoting rockypoint
{quote} I see what you are saying, but no can't saying 'm looking for these candles. I maybe because I don't Entering on large candles especially when price is ranging. Todays an example open brought large candles down then up, then down and up again so I just didn't trade. Could I have made money probably, but I will usually pas this kind of PA. It's settled a little now but Pa is messy. So no trading for me today. Instead I made Cheddar, jalapeno corn bread and a Machaca omelet. Lots of coffee and breakfast in bed with the wife.
Very nice, you my man are living the life! I just looked up this omelet, looks waaay more delicious than what I am used to making Thank you for the answer. Couple of lower quality setups today on MNQ but I definitely agree, not a great day for trading, already saw the DAX in a very subdued mood this morning, didn't really go anywhere.

One thing I am noticing is that when the ADX comes from below 25 and everything else aligns, those seem to be the strongest moves, even today on MNQ.

Enjoy the rest of the day!
  • #6,480
  • Dec 11, 2024 10:51am Dec 11, 2024 10:51am
Boring day. I am done for the day. Off to run some errands.
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