Bull and Bear Entry

I like to mention the bull and bear numbering little more in detail

I am using the number 1 to 10 for the analysis

Bull + 1 to +10

Bear -1 to -10

Long : The gold lines started to looking up

First candle +1 ( Bull) -10 ( Bear)

The second candle onwards the numbering changes to

+2,+3,+4 etc ( Bull) +1,+2+3 ( bear)

In the strong up trend both the bull and bear number goes in +


Short : The Red lines started to looking down

First candle -1 ( Bear) +10 ( bull)

The second candle onwards the numbering changes to

-2,-3,-4 etc (bear) -1,-2,-3 (bull)

In the strong down trend both the bear and bull number goes in minus


In the bearsih market if you wish to go long

First the Gold lines should be looking up

Candle closed both the bull and bear number +
Enter for trade the next candle

Red lines are facing down

The move up with bull number + and bear number - only qualifies for
further short trade or new short trade

sorry I have not mentioned this details in my first post

Hi harigp

Thank you for sharing your strategy. It's appreciated!

I have a question regarding the entry after the candle closes. I am confused.

According to this chart, your indication shows potential sell orders being executed during these points. However the candles never closed above the 21 EMA(high). They were between the low and high EMA. (This is where I am confused)

Is the rule for short entries: Candle Closed above EMA 21 (High) with Bear Number( Minus) -.01 and below?

Thank you for your clarification as I would like to test with properly understanding the rules.


http://www.forexfactory.com/attachme...1&d=1232454592

Hi Fx cash

Thank you for your interest. I have done post 22 now where I have clarified
little more about the long and short entries by looking into the market
condition.

Hi harigp

I've also been experimenting with the bull and bear strength indicators. It's only early days but seems to work well. I use 5min charts too and have guppy ma's on the chart for trend direction. If the trend is down I use the bears indicator and wait for a retrace on it. As the price and indicator retrace, I put a sell order just below the low of that bar. And vice-versa for a buy.

I added a Stoch oscillator to make sure I'm not buying in an overbought marker or selling in an oversold market.

So far the bear/bull indicators look very promising as long as there is a filter with it.

Good luck with your system
Bobby

Thanks for the quick reply harigp.

So with the new clarification of the rules on post 22, there is NO 21EMA's used for closing of the candles?

We can trade without to make entry decisions?

Thanks

Fx Cash

Candle closed above 21 EMA gives you the highest level of going short with
good amount of pip gain and that will be your starting point for the day and
if the market continues to be bearish further move up as mentioned in post 22 provides you further short entries/ short entries for traders who were late
in catching the candle above 21 EMA provided the market is still bearish

harigp,

Thanks for the clarification. Will give it a shot.

new short entry

Candle Bear number -.05 candle between two EMA bull no .24

Closed for 54 pip

The closed candle has bear no -.98 and bull no -.24

The market is bearish used the opportunity of retrace

I'm curious about the .01 rule. I've been watching e/u all day and have gone back several days and can't find when the bear/bull ever reached .01 +/-

At the zero line they start at .000 +or- and work up or down from there. Today at one point then the e/u dropped 100pips, the bear never went further then -.0036

Is there something I need to change in my settings or what?

thx,
todd

Hi todd

I am attaching the EU chart where the candle was above 21 EMA and had
bear no -.0007 and the red line are looking down.

-.01, -.02 -.03 -.04 are all good for entries provided other conditions are met

You should be using the data window for the numbers for bull and bear

Please post a chart when referring to indicator numbers. I would like to be able to follow what you are saying. Thank you for posting this interesting method.

Steve

Thank you very much Flamenco143. That makes it much more clear.

todd

When you get some time, could you post the charts of where you've found entries and why on the GBP/JPY either long or short, because I am not finding hardly any entries at all based on your description in the first or revised post. Thanks.

Yes I will post one or two charts with reason for entry on gj, but I am not able to post the data window along with the chart may be I dont now how to post along with the data window. The chart will show the details of bull and bear number

Short entry

Chart Attached

Candle above 21 EMA had bear number minus .13 and bull number +.08

Trigger candle bear minus .016 and bull minus .02

The red lines of bear all looking down

+45 pip move

By looking at the one hour chart and 30 minute chart it seems to me that it could be a bull day today.

So I am planning any pull back I will go long and further long

let us see

Thanks. I will study this entry tomorrow.

Thanks for that chart. You're not on Interbank, which is OK. The feeds are slightly different between Interbank, and whatever broker you use, but over time will average out. I think you're also applying the Exponential Moving Average differently than I am, because that particular entry wouldn't have applied if the EMA is applied to Median Price and some other settings. It WOULD apply if I set it to "First Indicator's Data".
What do you apply the EMA to on your chart, so I can be in sync with you? Thanks.

Hi paradoxical

I was out the whole day I can see some good move in us session short

I am using EMA 21 High and EMA 21 LOW

Have you did some trade in demo

Today the chart I posted to you I had good pip return plus two further shorts

Hi harigp,

One question.

When you say that close of bar must be above EMA High for a Short Entry, do you refer to the close of price candlestick or HeikenAshi candlestick? They could be different...

And, could you explain a little further about re-entries? I don't get it.

Thanks
masilva

Hi harigp. I set it to 21 high and 21 low. But, there's another setting inside the indicator that changes where the lines end up at. Depending on which one you use, the closed candle can be inside or outside the line. This is the "Apply To" box. I put in there "Previous Indicators Data" and this setting seems to be close to what you used. If you use a different one, please let me know.
I am doing some demo trades today. One lost and two won.
From what I'm observing, looks like this reflects price action, which will usually give you winners if you follow it.
Must have taken you or someone a long time tinkering and chart watching to come up with these particular settings.
I like trading when a pair is at a temporary extreme from center, and headed back. The thing I didn't have before was timing the reversal. This seems to be a way to do that.