Bull and Bear Entry

Entry details:

Hi harigp, just to be sure if i understand well how to trade this system right now you are waiting only for long because of the 30M ? Right harigp ?
Thanks to you for your time to share your knowledge !
Luk

Hi Pips Rider

M 30 : TO Check only the Current Trend

M 2 : To Enter For Trade


As I mentioned in the previouse post entry long for the first trade in M 2 if the candles are below 21 EMA LOW and bull and bear numbers are satisified

If M 30 is looking bullish for quite sometime and if you miss the first entry
wait for the pull back in M 2 and enter for long again looking into bull and bear numbers

I had my first entry and got 145 pip and later there was pull back in M2
M 30 is looking bullish and I went for long again

Thanks for the quick reply harigp !
Luk

Another contract

Refer post 212 for the set up for the last trade

Wt is the setup for your last post and how to trade in that

Hi Prasath 2008

When I started this thread till last week the trade was based on EMA High and EMA Low with bull bear number. Go Long when M 30 IS BULLISH and Short when M 30 is bearish and talked about contracts at the start of the day and additional contract while pull back etc.

This system does not have any other indicator and in the longer term at least for a day there was no proper idea about how the market is going to move for the rest of the day or days based on this system, and I felt the importances of the longterm direction.

Again there are indicators to measure the support and resistence but I thought I will develope one.

This is a very simple procedure to use do the set up as per the post 212
and monitor the market on M 5

Post 212 says to draw the horizontel line on the top and bottom of the one hour bar you have choosen and flip the bar to M 5.

If you see the candles are further moving upwards breaking the top of the
one hour candle you have choosen you could possibily go long
and when it reaches the peak draw another horizontel line and see after
some retracment is it is going to break the new high and possibility of another long. This way I have tried to check the general trend of the market
whether it is bullish or bearish

For this puporse you have to select one one hour candle closed(latest) at the time of starting your trade and measure the high or low as described above and move accordingly

This is just on an experment baisis started today

The latest GJ CHART ATTACHED

The basic rules of entry and exit reamains the same the new approach is only to find out the long term view

20 pips just in minuts before get my cup of coffe

As per you i made two lines (Yellow) and it crossed down and given good entry

HI prasath

good when ever you see proper new lows mark horizontel lines and see it breaks that line later

M5 chart

Trying to touch the low of 3 gmt candle marked before.If it breaks the low upwards next target could be the high of the 3 gmt candle and possible change of direction

gmt 3 lower = R1 is crossed now crossed gmt 3 higher which is R2

Collected 58 pip contract entered just above R 1

The support and resistence experment was sucessful so far and just above R 2 is the candles are placed. I expect further development based on 16 hours GMT

If you refer back to yesterdays chart the candles in GJ has broken Yesterdays R1 and moving towards Yesterdays S1 .



Will it form another low below yesterdays S1 POST 233 FOR CHART

Nice thread Harigp...

Best Regards,

KG

Hi KG

Thanks for that

I will be their after a little while

Past two days testing the arrow indicator it is not jumping and also not giving any false signal some times we are loosing because of side way market that i am showing the yellow box. can u able to modify the indicator for avoiding that entries.

Sorrry forgot to attach the image

HI prasad

Where is the indicator have you posted here

By looking into those images where you marked in box like you said it is in consolidation. better to stay out