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multiple systems per pair/multiple pairs per system? 3 replies

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(binned per thread starter’s request) A system to capture open

  • #41
  • May 17, 2025 8:20pm May 17, 2025 8:20pm
Quoting Islandfx911
I think it would be good to forget about alarms / alerts for the moment and concentrate on the basic setup parameters. I'll post trades this week and answer questions then people can get into RF's alarm / alert.
there is really no need to "re-invent the wheel".

there are lots of alarm and alert indicators/EAs resources for these price action setups.

what is important is to learn the setups, master the setups, ... and be at your trading terminal when the every hours when the market sessions open and close.... pull the trigger at the right time and take the head-shot.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42
  • May 17, 2025 8:59pm May 17, 2025 8:59pm
Quoting emmanuel7788
{quote} there is really no need to "re-invent the wheel". there are lots of alarm and alert indicators/EAs resources for these price action setups. what is important is to learn the setups, master the setups, ... and be at your trading terminal when the every hours when the market sessions open and close.... pull the trigger at the right time and take the head-shot. {image} {image} ...
Once you know what you are looking for a what time it literally takes seconds to see if there is a setup. It is not complicated.
Mondays can be tricky as there can be Gaps but we'll see how we go.
Your trade order needs to be in the right place at the right time.
  • #43
  • May 17, 2025 9:00pm May 17, 2025 9:00pm
Quoting RickM
{quote} Hi Islandfx911 That's a setup I trade all the time, except I am first Long and then Short before you get your first entry signal. Its my secret sauce 92% winner. What is a Upthrust Bar? (Future's or Stock Market Bar) 1.. It starts with High Ask Imbalance with 2-3 times normal volume levels. 2.. Big players start to stack the Ask book with Sell Orders 3.. This triggers Type B Algo's to attack the Asks creating a Bullish thrust. 4.. Stops get trigger causing a instant move up creating a Gap in its place. 5.. No more Stops? - price collapses...
Thanks for posting.
Lets see what the week brings
Your trade order needs to be in the right place at the right time.
  • #44
  • May 17, 2025 9:25pm May 17, 2025 9:25pm
Quoting Islandfx911
{quote} Once you know what you are looking for a what time it literally takes seconds to see if there is a setup. It is not complicated. Mondays can be tricky as there can be Gaps but we'll see how we go.
those technical based setups are simple. ... easy to see on the charts ...

It is the FEAR and GREED which traders must learn to develop the mental strategies to tame their FEAR and GREED when they are trading.

FEAR and GREED are not bad emotions.
You need to know when to be fearful when others are greedy,
and when to be greedy and others are fearful.
These are all on the charts we see every time we are trading.

Monday May 19, when Sydney opens, expect JPY pairs to gap.

AU May 19, just wait for the first 2 hours to complete, then see what happens one hour before Tokyo open.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #45
  • Edited 10:24pm May 17, 2025 9:43pm | Edited 10:24pm
Quoting Slingshots1
{quote} Hi RF is it possible to highlight the THRUST BAR with a painted Colour and signal alert again how many bars will the 1.5 be or how many bars from the day opening can someone have before the appearance of the THRUST BAR. Thanks {image}
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what comes after a FAILURE of a swing ?
you need to get in before the crowd does in order to have an edge, ... sound like greed, right?

Learn this:

see post#888 (https://www.forexfactory.com/thread/post/14758430#post14758430)

The Law of Charts TLOC ... Joe Ross Forex

{download link} here (https://www.forexfactory.com/attachment.php/3688345?attachmentid=3688345&d=1594625930)

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46
  • May 17, 2025 11:46pm May 17, 2025 11:46pm
Quoting RickM
{quote} Hi Islandfx911 That's a setup I trade all the time, except I am first Long and then Short before you get your first entry signal. Its my secret sauce 92% winner. What is a Upthrust Bar? (Future's or Stock Market Bar) 1.. It starts with High Ask Imbalance with 2-3 times normal volume levels. 2.. Big players start to stack the Ask book with Sell Orders 3.. This triggers Type B Algo's to attack the Asks creating a Bullish thrust. 4.. Stops get trigger causing a instant move up creating a Gap in its place. 5.. No more Stops? - price collapses...
This is TMI..simplicity is the Key! Enter, MM, Control Fear and Greed!
  • #47
  • May 18, 2025 1:44am May 18, 2025 1:44am
Quoting emmanuel7788
{quote} there is really no need to "re-invent the wheel". there are lots of alarm and alert indicators/EAs resources for these price action setups. what is important is to learn the setups, master the setups, ... and be at your trading terminal when the every hours when the market sessions open and close.... pull the trigger at the right time and take the head-shot. {image} {image} ...
Please provide link to an indicator/EA, that you mention are out there, dealing with this setup.


thanks
  • #48
  • Edited 4:00am May 18, 2025 3:46am | Edited 4:00am
I do not provide an indicator to help people see the obvious. That would be a waste of time. Using my indicators will:

  1. Send you a signal to a phone, if you should be away from the screen at the moment.
  2. Give the ability to trade a number of indicators in parallel - say 4 indicators - or even more. At every open of a new bar, the attention will be drawn to instruments that have a setup in stead of wasting time on instruments without setup.

I look forward to have more information on an existing indicator for this setup, so that I do not have to do the work. Perfect :-)

Of cause I am not working on anything right now. I strongly support, that OP set the direction of his thread. And I agree that it is wise to learn the setup in depth, before using an indicator.

MetaTrader 4 - so many advantages.
  • #49
  • May 18, 2025 6:32am May 18, 2025 6:32am
Quoting RiskFighter
{quote} What kind of channel do you have on that chart??
MA RIBBON you need it? Will it help here ?
  • #50
  • May 18, 2025 6:44am May 18, 2025 6:44am
Quoting Slingshots1
{quote} MA RIBBON you need it? Will it help here ?
OK. Just currious. Thanks :-)
MetaTrader 4 - so many advantages.
  • #51
  • May 18, 2025 6:45am May 18, 2025 6:45am
It is so nice to see, that there are 7 members at this thread now - on a Sunday. That witness of your interest in trading guys. Nice.
MetaTrader 4 - so many advantages.
  • #52
  • May 18, 2025 6:51am May 18, 2025 6:51am
Quoting Slingshots1
{quote} MA RIBBON you need it? Will it help here ?
Hi Slingshot,
All you need is the 5 SMA high and 5 SMA Low to create the bands and place the trades at the correct time.
Your trade order needs to be in the right place at the right time.
  • #53
  • May 18, 2025 7:04am May 18, 2025 7:04am
Note to all,
I will be at my trading desk every morning for 2hrs this week to place trades and post charts. I cannot guarantee I will be trading the Frankfurt / London opens or the US open but you get to see the Asian session trades.
It is very simple to understand and trade.

Question for you all........
Do you want me to post charts of all the setups available each day this week?
Bearing in mind that the pairs are correlated and may give the same entry.
If there is a currency pair you favor I can take a look at it.
Your trade order needs to be in the right place at the right time.
  • #54
  • May 18, 2025 7:08am May 18, 2025 7:08am
Quoting Islandfx911
Note to all, I will be at my trading desk every morning for 2hrs this week to place trades and post charts. I cannot guarantee I will be trading the Frankfurt / London opens or the US open but you get to see the Asian session trades. It is very simple to understand and trade. Question for you all........ Do you want me to post charts of all the setups available each day this week? Bearing in mind that the pairs are correlated and may give the same entry. If there is a currency pair you favor I can take a look at it.
Good idea, my friend. We will monitor the trade.
  • #55
  • May 18, 2025 7:09am May 18, 2025 7:09am
Quoting Islandfx911
Note to all, I will be at my trading desk every morning for 2hrs this week to place trades and post charts. I cannot guarantee I will be trading the Frankfurt / London opens or the US open but you get to see the Asian session trades. It is very simple to understand and trade. Question for you all........ Do you want me to post charts of all the setups available each day this week? Bearing in mind that the pairs are correlated and may give the same entry. If there is a currency pair you favor I can take a look at it.
Let's say you chose 1 or 2 different instruments that you think may be more advantageous for your trading. That could be a good test of the technique. I trade Dow futures so that is my preferred instrument.
  • #56
  • May 18, 2025 7:21am May 18, 2025 7:21am
Quoting driven18
{quote} Let's say you chose 1 or 2 different instruments that you think may be more advantageous for your trading. That could be a good test of the technique. I trade Dow futures so that is my preferred instrument.
I will take a look this week and post some charts
Your trade order needs to be in the right place at the right time.
  • #57
  • May 18, 2025 7:58am May 18, 2025 7:58am
My EURUSD analisys for the next week.
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  • #58
  • May 18, 2025 8:05am May 18, 2025 8:05am
Quoting driven18
{quote} This is TMI..simplicity is the Key! Enter, MM, Control Fear and Greed!
This is 100% true, as he claims 92% winners and yet I use none of that extraneous stuff and I sit quite comfortably upon a claim of 94% winners. Keep in mind, however, that while it was once claimed that 73.6% of statistics are made up on the spot to support some otherwise unsubstantiated claim, that number has risen to 95.3% in the age of the internet, and to an amazing 99.69% when specifically referring to claims made on trading forums.
Life itself is a privilege, but to live life to the fullest is a choice
  • #59
  • May 18, 2025 8:09am May 18, 2025 8:09am
Quoting Islandfx911
{quote} Hi Slingshot, All you need is the 5 SMA high and 5 SMA Low to create the bands and place the trades at the correct time.
Thanks i will be grateful if pairs tradeable is displayed i will be looking out for trades from 15minutes chart to 4hrs chart Those blue and red color candles i will be using like the THRUST candle and the arrows are set for 5sma lets see how the set up will play out starting from midnight..
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  • #60
  • May 18, 2025 9:12am May 18, 2025 9:12am
Quoting Islandfx911
This is a basic system that can be used to capture the market opening move. I have talked about this system before, it is nothing new. 5 SMA bands of high and low. Time frame is up to you. I use 15m but that is not firm. Rules for a BUY and SELL 1. Only place trades in the first 1.5Hrs of the market open 2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar. 3. Enter on a close inside the bands. 4. Take profit at support and resistance levels. That's it. I will post a few charts, it' is up to you to explore...
Very similar but slightly different to Laura's "Roadmap" thread
https://www.forexfactory.com/thread/993524-roadmap-a-way-to-read-markets
Will follow with interest.
every Saint has a past. Every Sinner has a Future
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