5's envelopes - intraday strategy | Forex Factory

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5's envelopes - intraday strategy

  • #1
  • First Post: Edited Jul 6, 2010 11:29pm Aug 30, 2009 12:18pm | Edited Jul 6, 2010 11:29pm
Greetings traders


I would like to introduce my new baby for daytrayding purpose


Tools

pivots.mq4
standard envelopes
emas 14/52/200

optionally

momentum (44) + stoch (65,20,3) -my setup
or any other indicators u are willing to use.

Environment


Only M15 TF
Works best on GBP pairs
London time but this is not a strict rule.


Rules

Red envelopes indicate highly OB/OS market during one day therefore price CANNOT goes faster in one day.
Mostly red envelopes are hit during news, etc = reversal area for coming days.

Blue envelopes is standard market condition. = TP - retrace start area

Combination of S/R levels + one of envelope is very good reversal spot.

Thats all have fun

if i see any feedback i will tell u more but for now try to observe by urselves.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009-08-30_191543.png Size: 13 KB
Click to Enlarge Name: 2009-08-30_191608.png Size: 18 KB
Attached File(s)
File Type: mq4 AutoPivot.mq4   15 KB | 887 downloads | Uploaded Jul 6, 2010 11:27pm
File Type: tpl bands5.tpl   10 KB | 967 downloads | Uploaded Jul 6, 2010 11:27pm
  • #2
  • Aug 31, 2009 6:25am Aug 31, 2009 6:25am
My longs on beast regarding red envelope+ S3


Note
buying into move is not recommended and its not part of this technique
Attached Image(s) (click to enlarge)
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  • #3
  • Sep 4, 2009 3:32am Sep 4, 2009 3:32am
Greetings!
just saw this thread.
what are your settings for the envelopes?
envelopes have a (almost) similar use with Bollinger bands.
so i'm curious: why do u prefer envelopes over the Bolli.bands? have u used Bollinger bands in the past?

btw, which specific pairs do u use these settings with? i'm sure u have used this beyond M15 TF, correct?

Thanks!
  • #4
  • Sep 4, 2009 4:44am Sep 4, 2009 4:44am
Quoting supremeChaos
Greetings!
just saw this thread.
what are your settings for the envelopes?
envelopes have a (almost) similar use with Bollinger bands.
so i'm curious: why do u prefer envelopes over the Bolli.bands? have u used Bollinger bands in the past?

btw, which specific pairs do u use these settings with? i'm sure u have used this beyond M15 TF, correct?

Thanks!

Hi

envelope period 50
blue bands 0.5%
red bands 1%

There are just a two paralel ema50, nothing else
I havent been using BB i dont like it.

System works ONLY on M15 TF especially on GBP pairs, but can be used on other market as well.

Do u need more ?



100-200 pips daily is a piece of cake with this, just try it on DEMO.
  • #5
  • Edited 8:55am Sep 7, 2009 5:34am | Edited 8:55am
5ysfx,
i noticed u use Median Price HL/2 for your EMA's & envelopes.
May i ask what is/are your reason/s for using this?
Thanks for your time


EDIT:
in post #1 u mention 52ema, (& 52 envelope, in the template)
in the above post, post#4 u mention 50ema & envelope
so which have u used?
  • #6
  • Sep 7, 2009 6:20am Sep 7, 2009 6:20am
Very good job!!

best regards
/ ... clarifying decisions ... /
  • #7
  • Sep 8, 2009 2:50am Sep 8, 2009 2:50am
subscribe.

Thanks,

RR
  • #8
  • Nov 20, 2009 11:19am Nov 20, 2009 11:19am
Really taken a look at this setup? Great system!

Has anyone added anything to it, or adjusted it for their
trading?

I wonder if someone could add an alert indicator,
like the stochastic cross indicator in function,
but that would alert when the important crosses
happen on the momentum overlay?

Brian
  • #9
  • Nov 20, 2009 1:17pm Nov 20, 2009 1:17pm
Thanks for the strategy!

Could you please share your template?

Regards!
  • #10
  • Nov 20, 2009 6:22pm Nov 20, 2009 6:22pm
Sorry, I didnīt see it

Because my english is not my default language, could you please explain a bit more about entering a trade and exiting?

thanks!
  • #11
  • Nov 23, 2009 12:14am Nov 23, 2009 12:14am
Do you have any set rules on the crossing of the
mom 44 in relation to the stochastic? Ie.. they cross
within x bars or you dont enter if the stochastic
is above/below level when it crosses..etc
anymore detail on how you trade this very
nice setup is much appreciated.

thanks!

Brian
  • #12
  • Nov 23, 2009 2:32am Nov 23, 2009 2:32am
Quoting golden1
Do you have any set rules on the crossing of the
mom 44 in relation to the stochastic? Ie.. they cross
within x bars or you dont enter if the stochastic
is above/below level when it crosses..etc
anymore detail on how you trade this very
nice setup is much appreciated.

thanks!

Brian
Most importing things is fundamentals, unfortunately this world was constructed in this way. Well priority #1 is fundies then news(sometimes accidental) last not but least is technical which i am trying to be the best in with, more predictable via this system is bands which means ema50 and so on so forth.
Frankly it doesnt matter what u think, follow the daily trend and watch out for weekly levels.
Cheers and goodluck.
  • #13
  • Nov 23, 2009 2:38am Nov 23, 2009 2:38am
The envelopes are great and the mom overlay with stoch fits
onto my mostly otherwise chaos setup very nicely.... I appreciate
it very much

Brian

Quoting 5ysfx
Most importing things is fundamentals, unfortunately this world was constructed in this way. Well priority #1 is fundies then news(sometimes accidental) last not but least is technical which i am trying to be the best in with, more predictable via this system is bands which means ema50 and so on so forth.
Frankly it doesnt matter what u think, follow the daily trend and watch out for weekly levels.
Cheers and goodluck.
  • #14
  • Nov 26, 2009 1:44pm Nov 26, 2009 1:44pm
What are the changes you would make to this setup to trade
the 30 minute charts 5sysfx?

What MOM settings would you use and the stoch I guess
we would keep the same..anything else?

thanks

Brian
  • #15
  • Dec 1, 2009 7:26pm Dec 1, 2009 7:26pm
This setup from you a while ago, the mom and ema overlay portion
with stoch, very nice. I use 44 mom on the 15 and 22 mom on
the 30m charts.

Thanks!

Brian

Quoting golden1
What are the changes you would make to this setup to trade
the 30 minute charts 5sysfx?

What MOM settings would you use and the stoch I guess
we would keep the same..anything else?

thanks

Brian
  • #16
  • Feb 16, 2010 7:53am Feb 16, 2010 7:53am
looks pretty well for short today
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  • #17
  • Feb 16, 2010 10:59am Feb 16, 2010 10:59am
someone using this system in 5 min TF?
  • #18
  • Feb 17, 2010 7:41am Feb 17, 2010 7:41am
5ysfx:
Could you attach the envelope indicator again?
thanks
  • #19
  • Feb 19, 2010 3:10pm Feb 19, 2010 3:10pm
Envelopes are in your mt4 default indicators.

Do you use this on 5 min? Love to see a screen shot/
your setup if so. I am getting comfortable focusing
on M15 finally

Brian

Quoting neurus
5ysfx:
Could you attach the envelope indicator again?
thanks
  • #20
  • Feb 22, 2010 11:49am Feb 22, 2010 11:49am
Is this an entry according to your setup? I see a couple ways you
can trade this same setup, would this be similar to how you trade it?

Love to see more recent trades

The two red lines are my most recent trades with this
system on gbp/usd

thanks for your comments

Brian
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