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Bull and Bear Entry

  • #241
  • Feb 10, 2009 4:38am Feb 10, 2009 4:38am
How to find out whether it is consolidation or not

Settings for indicator is SEMA has to change to 5 and colors all make it to none execpt last two
Attached File(s)
File Type: mq4 3xMAs#4.mq4   9 KB | 393 downloads
  • #242
  • Feb 10, 2009 9:39am Feb 10, 2009 9:39am
Some of the contract booked:

EU M 30 bullish Picked contract in one minute at pull back

GJ M 30 Bearish Picked contract in one minute at pull back
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 29 KB
  • #243
  • Feb 10, 2009 10:12am Feb 10, 2009 10:12am
Quoting harigp
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

I am still a bit confused about your system. What are the bull bear numbers that are to be satisfied? Sorry if I am disturbing.
  • #244
  • Feb 10, 2009 10:31am Feb 10, 2009 10:31am
HI wah

You might have understood about the HA COLOUR and formation

As long as M 30 is bullish/ bearish

You can use either M 1/ M2 to see any pullback is happening and wait for the pull back to complete and go for long and short accordingly

I am keeping the following windows open

M 1, M2, M5 AND M 30

I make sure that M 30 the bull and bear indicator is up or down and the candles are above or bellow the EMA and monitor the M 1 OR M 2
for a proper pull back and enter for trade
  • #245
  • Feb 10, 2009 10:34am Feb 10, 2009 10:34am
The market is now very active and good result
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 30 KB
  • #246
  • Feb 10, 2009 10:41am Feb 10, 2009 10:41am
Quoting harigp
HI wah

You might have understood about the HA COLOUR and formation

As long as M 30 is bullish/ bearish

You can use either M 1/ M2 to see any pullback is happening and wait for the pull back to complete and go for long and short accordingly

I am keeping the following windows open

M 1, M2, M5 AND M 30

I make sure that M 30 the bull and bear indicator is up or down and the candles are above or bellow the EMA and monitor the M 1 OR M 2
for a proper pull back and enter for trade

You mean you check for both the bull and bear indicators to be above in both the 30min and the 2min for a buy. Vise versa for sell.
  • #247
  • Feb 10, 2009 10:45am Feb 10, 2009 10:45am
Chart showing where i have entered short
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 38 KB
  • #248
  • Feb 10, 2009 10:54am Feb 10, 2009 10:54am
Ho Wah

yes it is correct .I made a detailsed explantion for this but due to internet problem it go erased
  • #249
  • Feb 10, 2009 11:07am Feb 10, 2009 11:07am
one possible short developing
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 45 KB
  • #250
  • Feb 10, 2009 11:15am Feb 10, 2009 11:15am
I think there is no need to look at the data window anymore. Just check for a kind of retrace on 2min and enter when both bull and bear are above and coming down for a sell.
Attached Image (click to enlarge)
Click to Enlarge Name: bb.gif Size: 42 KB
  • #251
  • Feb 10, 2009 11:18am Feb 10, 2009 11:18am
Hi Wah

To some extent you are correct, I kept practiced on this with M 1 AND M 2
and M 30
  • #252
  • Feb 10, 2009 11:18am Feb 10, 2009 11:18am
What do you say? A potential sell setup?
Attached Image (click to enlarge)
Click to Enlarge Name: bb2.gif Size: 40 KB
  • #253
  • Feb 10, 2009 11:23am Feb 10, 2009 11:23am
Hi wah

But if you see the M 30 the candles are still not belwo the EMA 21 low
  • #254
  • Feb 10, 2009 12:19pm Feb 10, 2009 12:19pm
Quoting harigp
Hi wah

But if you see the M 30 the candles are still not belwo the EMA 21 low
Hi Harigp,
Nice method, kindly refresh my memory how to construct a 2min chart from MT 4 platform pls. Did it long time ago completely lost track with the steps.
Thanks
  • #255
  • Feb 10, 2009 1:34pm Feb 10, 2009 1:34pm
Hi, wah
Here is the period converter that you are looking for.save it in your mt4 indicator file.open the 1min tf of the currency you want and select the indicator from the navigation frame.After selecting the ind make sure that on the common tab, tick on "allow DLL imports" and on the input tab put "2" at the "period multiplier "then click "OK".
Now on the control bar select "file "then "open offline" then the 2min tf of the currency you want then select "open".It will open the 2min tf chart.Make sure you dont close the 1min chart that you initially opened.
I hope i have explained it clearly.
Attached Files
  • #256
  • Feb 10, 2009 10:55pm Feb 10, 2009 10:55pm
Trying out New Time frame as follow

M 10 Main chart ( checking bullish or bearish)

M 1 AND M 2 for entry
  • #257
  • Feb 11, 2009 4:52am Feb 11, 2009 4:52am
M 30 candles below EMA 21.

Price went high after the UK news

Took Short . I also looked into the support and resistence by using 8 gmt one hour candle. Price has no broken the high of 8 gmt candle
Attached Image (click to enlarge)
Click to Enlarge Name: gj 5 minute.gif Size: 23 KB
  • #258
  • Feb 11, 2009 9:39am Feb 11, 2009 9:39am
I would suggest that you make a summary of how to trade this system because there have been different improvements which need to be reflected on the first post so that we won't have to read the whole thread.
  • #259
  • Feb 11, 2009 9:43am Feb 11, 2009 9:43am
Hi Wah

Yes I am Planning to do that during the week end with charts etc
  • #260
  • Feb 11, 2009 1:28pm Feb 11, 2009 1:28pm
M 30 candles below EMA 21.

Price went high after the UK news

Took Short . I also looked into the support and resistence by using 8 gmt one hour candle. Price has not broken the high of 8 gmt cand

The above was the trade taken after the UK news. The trade was not taken
During the news result but waited for things to develop

I am attaching the chart of 1 Hour, M 5 start of 9 gmt and M 5 second chart

While i was on trade 8 GMT WAS THE CLOSED candle

This the trade based on support and resistence level looking into bullish bearsih market condition. This method is on trail basis


Charts are

ONE HOUR CHART SHOWING THE 8 GMT CANDLE

One hour chart flipped to five minutes and marked the top and bottom of the
8 gmt closed candle and identifed the start of 9 gmt candle

Second chart : 5 minute chart showing the breaking the top of the 8 gmt candle and subsequent development


M 30 CHART TO SHOW THAT THE MARKET WAS BEARISH THAT TIME
DURING UK NEWS TIME
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 8 gmt closed.gif Size: 29 KB
Click to Enlarge Name: gj 8 gmt 5 minute.gif Size: 34 KB
Click to Enlarge Name: gj 8 gmt 5 minute second.gif Size: 35 KB
Click to Enlarge Name: m 30 chart.gif Size: 33 KB
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