Fisher

okay, back to monitoring the EURUSD for entry signals.
but only after a little snack break
best wishes
jiva34

data for eur pmi out in 20 m.
want to test out value of signals on 1m for pullback and reentry.
fisher is neg on 5m, has turned bull on1m and then back to neg. Is this a pullback?
enter short and we shall see.
stop is 20 pips
tgt is just above the pivot point, not shown on 5m.
with data coming out in 20mins, how will EURUSD behave? will it move at all, will it whipsaw, ??

seem to have better results just waiting for a signal on the 5 min.
may have entered too soon using the 1 min.
better entry would have been as shown, on the 2nd bar after a signal on the 1m.
Not sure I want to trade using the 1min at all.
Will follow the trade, I took it....even if is just a demo, how can I consider using real money if I cannot become profitable using a demo? so just a demo?
if fisher 5m crosses above 0 line I will close. and enter long in 2nd bar after cross.
looks like the data release for EUR didn't have much of an effect.
GBP bank minutes released in 25 mins, curious to see what affect if any that data might have on EURUSD.

fisher is still below 0 on 5m, while above 0 on 1m
so the trend is still down... pullback still in the cards...

USD weakness on GBP banks statements?
not much of a an effect on EURUSD.
looks like Fed statement 2:12pm est is the one everyone is waiting for.
if fisher 5m crosses above 0, will enter long on 2nd bar after the cross.

interesting developments
pa appears to be breaking down
bottom of the short term range,,hmmmm

very often pa will test a pivot point once it trades beyond it.
It will return to test it before either breaking it and moving beyond it or failing and falling back to reverse the trend..
the tgt is set to just above the pivot point which doesn' t show on the 5m chart. but can be seen on the 15m. pivot point is the yellow line... also there is somewhat of an intersection of the pivot point and the 200 ema, so it can be seen as an area of strong support and resistance...
fisher indi also indicates short position, shows below 0 line

trade moving in favorable direction
fisher 5m still below 0 line, short
5min on left, 15 min right
maybe for trading the 5min, the 15min chart would be more helpful, rather than the 1 min...

one more little push and the tgt is hit...
I hate to say anything for fear of jinx....
but this makes about 8 straight wins using this indicator.....
I might have to start trading real money at this rate.....
(in case anyone wants to try this out, the setting for fisher is 55 not the default 10)
there is a little repainting, but not a problem if 55 is used and entries are only on the 2nd bar after a signal bar)
best wishes
jiva34

this is too much..
another winning trade...
am I dreaming..

It's at this point, when the pa is almost hitting the tgt but hesitating, that I am tempted to close early. Thinking, what if that's as far as it goes? And I miss the goal, and have to either sit through a forever consolidation in the hopes the pa moves again my favor, or risk turning a winner into a loser waiting for it to turn back...
in this particular trade, I'm tempted to wait it out, although the pivot point has been just barely reached, the 200 ema sits just below it on the 15 min, a test of the pivot very often overshoots the pivot to really give it a good test. with the 200 ema sitting just below the pivot I'm going to leave the trade on thinking it will reach for that 200ema on the 15 min.
All fishers, 5 and 15 are still short indication..
just when things are getting really interesting I have to pack up my laptop. Am at work and the next shift is about to come in the door....
back in a while
jiva34

hey jiva34

ill code the alert for you, should not be a problem

question is, do you want to use the 1m for alert too -
like 5m just crossed the 0 line, alert only if 1m indicates the same direction?

GREAT!!!

Great Thread. Still studying. Wondering why Heiken Ashi isn't part of this since there's no discussion of candle patterns...would see reversals clearer.

sorry bout the flood. I live in Peachtree City and went to Sandy Springs to help my son clean up his basement flood. All is fine now.

Your honesty is refreshing.

Steve

hit the tgt, right on!!!

answer to a prayer.....
alert I am thinking of is a sound alert just for a cross of the 0 on whatever chart the time frame is set for. But please please please make it with an on off function so it can be turned off too.
so 5m time frame, alert for that chart
open another time frame chart and the alert could be set for that time separately, whether it was the 15m or the 1m, or whatever.
no extra conditions added. Just a simple cross of the 0 for whatever time frame the chart is set for.
Don't know your level of expertise or how complicated it would be, but arrows or dots also would be great (with a turn off turn on function?)...
(Not asking very much, just everything.)
much much thanks whatever you can do......
jiva34...

There are so many tools for us to use to identify the price action. Whatever you care to share about use of HK-Ashi, or regular candle patterns is more than welcome.
It is not something I put much emphasis on in my own trading at this time. Although I do keep a watch for very unusual candles. Like ones with very long wicks, or very obvious reversals like harami... Hk-ashi is whole 'nother planet I haven't visited much yet.

The building inspector has to come before the electric can go back on, and the inspectors have a very long list, so it could be a while... Boy does it start to smell bad very quickly after flooding....you know like those clothes that someone forgot to take out of the washer and didn't remember until a day later. phew!!!

Since the plan for today is trade only the one pair EURUSD I am now back to watching for signals on the 5m after 2 good trades since London (and a lot of time out to play "flood victim".)
okay, fisher buy signal 5 min,
entered the trade and then some repainting
this is not unusual and has not been a problem, even when the signal completely disappears, what happens is the signal comes back even stronger after a few bars... So let's see.
stop is just below pivot point and 200 ema
tgt may need to be moved, for now it is set at just below an upper trend line resistance in the 15m.

May be the stop was still too close.
Will follow the pa for a while to try to learn something.

You are doing great! Keep it up. I think you have seen that sticking with the basics (only taking signals on the 5min chart) is working out very nice for you. Just my opinion but if you are not making money (even if it's demo) trading the pullbacks, why bother with them.

I will finally get to trade this method tonight (my schedule has been hectic lately). I will trade the 4 majors and watch only the 5min signals.

Since this will be an experiment for me, I'm going to change a few things to try and help Jiva34 figure out some other possibilities. I will be using Parobolic SAR to determine my stop loss. I will also be using Heiken Ashi candles I suggested early and I'm comfortable with them because I use them in my everyday trading.

Jiva34, can you please post the pivot points indicator you are using as I will be using that also. I will begin trading this method at the start of the Asian session this afternoon. I also will not refresh my charts and see what significance that has on the signals with the very minimal repainting issue.