Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Using MT4 to feed signals to MT5 1 reply

what are the new features in MT5? 11 replies

Filtering Signals on Super Signals v3 0 replies

NEW MT5 Seriously Stuffed For Traders Platform 371 replies

Implications of MT5 32 replies

Attachments: Signals on H4 (MT5)
Exit Attachments

Signals on H4 (MT5)

  • #701
  • Quote
  • Mar 25, 6:11am (32 hr ago) Mar 25, 6:11am (32 hr ago)
[quote=Bakker;15191966]The two I'm watching at the moment, shall wait for hour to close to see if there's any signal: {image}

There were signals on M30 but it bypassed the body of the candle

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
  • #702
  • Quote
  • Mar 25, 6:22am (32 hr ago) Mar 25, 6:22am (32 hr ago)
Ma with offset, is better for me to see and you don't need 2 charts
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 15 KB
  • #703
  • Quote
  • Mar 25, 8:59am (30 hr ago) Mar 25, 8:59am (30 hr ago)
I think I have some explaining to do, something we haven't touch on and which is crucial when it come to execute a trade. Just a signal is not enough.
I will start explaining today and probably need to do more tomorrow.
I guess you know by now that a signal on H4 comes from a doji or a small body candle. Let's take this step by step:
Examples of dojis and/or small bodies:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
  • #704
  • Quote
  • Mar 25, 9:04am (29 hr ago) Mar 25, 9:04am (29 hr ago)
Note where the trade line is drawn. I assume we know by now why?

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
  • #705
  • Quote
  • Edited 9:38am Mar 25, 9:25am (29 hr ago) | Edited 9:38am
Quoting Bakker
Note where the trade line is drawn. I assume we know by now why? {image}
The fact that the trade line is so close to the doji/small body creates a problem of its own. You must realize that its actually the candle that follows which put the signal in place. You will obviously agree it is somewhat of a quick decision to decide whether the trade is on or not however, you are granted some time especially when the pullback is a large one.
So what is the solution? You may recall me saying that you should switch to a lower TF, so let's do it without changing anything
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB

As you can see, the two in the middle make perfect sense. You have another signal and you're ready to go after the pullback is done. See arrows.
  • #706
  • Quote
  • Mar 25, 9:55am (29 hr ago) Mar 25, 9:55am (29 hr ago)
So, we're left with two that's not ready as yet. The one at the bottom seems out of place but it's also perfectly right as the trade line is still in place and able to accommodate the change to H1 very well. We're now left with the one at the top, what shall we do? we just look for a signal (still on H1) lower down (as Stochastic has said the other day: "we dig lower'). And we find it as indicated in dark blue with trade line right in place, and voila, problem solved!

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
  • #707
  • Quote
  • Mar 25, 9:59am (29 hr ago) Mar 25, 9:59am (29 hr ago)
We're done with the explaining in less than an hour. I'm signing off. See you. Take care and may God bless you all; friend or foe.
  • #708
  • Quote
  • Mar 25, 10:01am (28 hr ago) Mar 25, 10:01am (28 hr ago)
better the upper or lower
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 16 KB
  • #709
  • Quote
  • Mar 25, 10:08am (28 hr ago) Mar 25, 10:08am (28 hr ago)
Quoting ingo3344
better the upper or lower {image}
Did you miss the one right at the top, fatique is evident there with all the dojis. Was a perfect setup.
  • #710
  • Quote
  • Mar 25, 10:37am (28 hr ago) Mar 25, 10:37am (28 hr ago)
i tried to grab some pips with gold
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB


thats all for today. good night here.
  • #711
  • Quote
  • Mar 25, 10:50am (28 hr ago) Mar 25, 10:50am (28 hr ago)
Quoting Stochaster
i tried to grab some pips with gold {image} thats all for today. good night here.
Well done buddy, keep it up.
  • #712
  • Quote
  • Mar 25, 10:52am (28 hr ago) Mar 25, 10:52am (28 hr ago)
I have thought it's going to be a quiet day, but turned out very good indeed.
  • #713
  • Quote
  • Mar 25, 12:18pm (26 hr ago) Mar 25, 12:18pm (26 hr ago)
Quoting Stochaster
i tried to grab some pips with gold {image} thats all for today. good night here.
I come to you, Philippines
  • #714
  • Quote
  • Mar 25, 5:41pm (21 hr ago) Mar 25, 5:41pm (21 hr ago)
Quoting Bakker
I think I have some explaining to do, something we haven't touch on and which is crucial when it come to execute a trade. Just a signal is not enough. I will start explaining today and probably need to do more tomorrow. I guess you know by now that a signal on H4 comes from a doji or a small body candle. Let's take this step by step: Examples of dojis and/or small bodies: {image}
your are a awesome mentor
  • #715
  • Quote
  • Mar 26, 5:36am (9 hr ago) Mar 26, 5:36am (9 hr ago)
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 14 KB
  • #716
  • Quote
  • Mar 26, 5:58am (9 hr ago) Mar 26, 5:58am (9 hr ago)
Quoting ingo3344
Ma with offset, is better for me to see and you don't need 2 charts {image}
Hi ingo3344,e t
Please can you quickly explain how you use the MA with offset? Would like to know that as I have never been able to figure the use of the shift feature so I think its a good opportunity for me to learn something new.
Thanks.
R
  • #717
  • Quote
  • Mar 26, 6:07am (8 hr ago) Mar 26, 6:07am (8 hr ago)
simply change the offset in the indicator

Quoting RapzyFX
{quote} Hi ingo3344,e t Please can you quickly explain how you use the MA with offset? Would like to know that as I have never been able to figure the use of the shift feature so I think its a good opportunity for me to learn something new. Thanks. R
  • #718
  • Quote
  • Mar 26, 7:08am (7 hr ago) Mar 26, 7:08am (7 hr ago)
Quoting ingo3344
{quote} I come to you, Philippines
No, dont come to me brother.
  • #719
  • Quote
  • Mar 26, 7:14am (7 hr ago) Mar 26, 7:14am (7 hr ago)
Quoting Stochaster
{quote} No, dont come to me brother.
Ingo is a good guy. I think he would like to visit the Phillippines and just want to say hello.
  • #720
  • Quote
  • Mar 26, 7:19am (7 hr ago) Mar 26, 7:19am (7 hr ago)
Quoting Bakker
{quote} Ingo is a good guy. I think he would like to visit the Phillippines and just want to say hello.
oh, i see. but not this time coz its a big chaos here in PH. partisans conflict.
5 traders viewing now, 3 are members:
ingo3344
,
,
TrapBuddy