Bull and Bear Entry

Hi Todd

Go to MT 4 Navigator you will get it their

So far I have not seen the custom made bull and bear indicator

I was looking at this indicator...might be useful....at least I thought it was...

Really good trading system I'll try it in next several weeks and let you know about results.

Thanks Ranger for the indicator. It adds bull and bear together for each candlestick , then gives you the result. If bull is strong and bear is weak, it will show strong bull minus the weak bear giving you what is left. That is different then waiting for both to be in agreement but it may give you an earlier entrance. I like it .

Hello,
You think dont work good if you buy when the bar close above 21 ema hight whit bull and bear +
and sell when bar close below 21 ema low whit bull and bear - ?
Thank you for share your interesting system..

Ranger, I like this and will use this in place of the other ones. It gives a better view, I think.

hi chrys

In the 5 minute chart if there is a bull run the candle reaches the top and the bull gets exhausted and a reversal becomes on the way and we go for short. The reverse for going long when bear gets exhausted.

This is the short terms approach for us to get some pip

If you are planning for a longer trade and if you see bull run still continues
in the higher time frame like M 30 or one hour chart and if you have some long contract already the pullback from EMA 21 (above) can be used
as adding some more long contracts and reverse for bear run in higher time frame by adding some more shorts.

I like to clarify here bull run or bear run completed in time frame 5 minutes
does not mean the end of bull/bear run because in higher time frame
bull/bear run is still in progress

In forex market it is the approach you wish to take like you want to be
an intraday trader looking for short term gain or long trade by using higher
time frame and adding long or shorts

Like you said if it is ++ above EMA 21 and you are going long you may get very little or some time you risk also because candle above 21 EMA in 5 minuute chart according to me is period of reversal going to happen
and vice versa below 21 EMA

Good day to you, Harigp

Very interesting observation you have come up with. Looks like a great price action pattern that repeats with relative consistency. Will do some live testing. Will start by going for 5 to 10 pips per trade only to see the initial success rate / hit rate.

Will only be able to test for 3 to 4 hours per day. Will let you know how it goes...

Regards

Hi Tau

Thanks for that, You can expect much more than that if you enter at the right time and if you read about my post regrding HA colour formation
and shape you could be a good winner

I am planning again a summary of HA colour pattern and shape after little more observation along with bull and bear number.

You will be able to predict the next move early using HA with bull and bear

Good day to you, Harigp

I understand that there might be a lot of pips on the table under certain conditions, but I believe that for me to fully exploit a trading system, I will need to "trust" the entry first. From there, then work on an exit that can be trusted too.

I will thus test the entry as many times as possible and only take 5 to 10 and then get out, waiting for the next. This way, I can determine the initial hit rate or success rate. Have you looked at the combination bull and bear indicator posted earlier? This looks nice and clean and seems to give the same signal for entry to the overlapping indicator you are currently using. Your thoughts?

Regards and all success

Harigp

Are you still using EMA21 HIGH and EMA21 LOW or have you changed it in the apply box,

Plus can you upload a screen shot of your HA setting box.

hi uk cool

For the time being I am using both EMA high and low as well EMA high and
apply to first indicator for the purpose of my study

Like I said in my previouse post the EMA will be taken out and the trade
wiil be based on HA and bull and bear power

I hope we will be able to do this

I will be sharing more about HA and the point of reversal

Hi Tau

No issues about that

Yes the new bull and bear is in my system with my MT4 bull and bear

Showing the char M5 the paper clip and the move down

M 30 bearish

I took the trade at the paper clip and pip gain was +100 not closed the contract because the M 30 is still bearish with bear bar still down and no HA
paper clip formation so far

You guys will be wondering why I am talking about M30 chart.

I said in my earlier post there will be class with M 30 chart

You have to open M5 and M 30 as tile vertically and see the action with M 5
of course with the understanding of HA COLOUR AND FORMATION

I AM GOING WITH +100 PIP and I know still I can go short in M5 after a while based on
chart M 30 beacuse the bear indicator is down and no HA formation so far to go long. Hope fully

Good day to you, Harigp

Took a first tester. Attached screenshots. Used 5minute Eur/Usd. As said, will test entry first to get trust in the system and will then work on exit. Took 14 pips and exited. There were more to take, but I would like to continue getting comfortable with the entry first.

Thanks for sharing. Was fun. Live trade...

Good day to you,

Possible consideration for re-entry? Let me know your thoughts...

As long as the bull indicator are up in M 5 and M30 the pull back will be the opportunity for going long again

Good day to you,

Look at the following setup and let us find a way to not get involved. Either a break of the low of the signal bar, or higher timeframe to signal valid entry.

For me that entry I would have gone long on that pull back as new entry
or addition to my contract because M 30 is bullish

Now when I look into M 30 chart the current bar and the previouse bar are
gettting equal but still some minutes left

In the M 30 the current bar is getting the formation of white on top of the blue