What's that screenshot of stratman?
- #14,262
- Oct 7, 2009 4:33am Oct 7, 2009 4:33am
Morning Everyone 
I liked the H4 system a lot but have lost on a few and won on a few, so looking at things I noticed a few interesting things and thought I would share them with you all for comment.
In the picture below under my current understanding of the signals for this H4 entry system I would have entered at point 1 (Grey circle). When the fast trix changed colour indicating bearish. This however retraced some 90 pips before turning round at point 2 and going on to make in excess of 150 pips at point 3, where the fast trix turned green, bullish, which is our exit point.
So if I had taken the signal at point 1 would I have survived the draw down to point 2 ? scarey !
I probably would have been stopped out or just completely lost my cool and bailed out much earlier. 
However if you look a few days further down the road the fast trix crosses the slow trix and they both turn red, so my entry would have been at the yellow circle, point "A". This would have bagged me around 200 pips
and avoided the stressful draw down.
So my conculsion is as follows:-
1) I wait for an Arrow indication in the Trix window. (Alarm on so I dont miss it)
2) I then monitor things and wait until I get a cross on the fast & slow Trix and they are both the same colour (Alarm on so I dont miss it) at which point I enter a trade.
3) For my stop I would look for a suitable place behind S & R
4) Although my goal would be to stay in the trade & wait until the fast trix changed colour, I would probably target several S & R lines during the trade and take some profits at each point. But that depends on your risk appitite
I was also considering whether or not I would trade against the over all trend or not ? Not sure on that one yet still considering it ?
Anyway look forward to hearing what anyone has to say.
ab1
I liked the H4 system a lot but have lost on a few and won on a few, so looking at things I noticed a few interesting things and thought I would share them with you all for comment.
In the picture below under my current understanding of the signals for this H4 entry system I would have entered at point 1 (Grey circle). When the fast trix changed colour indicating bearish. This however retraced some 90 pips before turning round at point 2 and going on to make in excess of 150 pips at point 3, where the fast trix turned green, bullish, which is our exit point.
So if I had taken the signal at point 1 would I have survived the draw down to point 2 ? scarey !
I probably would have been stopped out or just completely lost my cool and bailed out much earlier. However if you look a few days further down the road the fast trix crosses the slow trix and they both turn red, so my entry would have been at the yellow circle, point "A". This would have bagged me around 200 pips
and avoided the stressful draw down.So my conculsion is as follows:-
1) I wait for an Arrow indication in the Trix window. (Alarm on so I dont miss it)
2) I then monitor things and wait until I get a cross on the fast & slow Trix and they are both the same colour (Alarm on so I dont miss it) at which point I enter a trade.
3) For my stop I would look for a suitable place behind S & R
4) Although my goal would be to stay in the trade & wait until the fast trix changed colour, I would probably target several S & R lines during the trade and take some profits at each point. But that depends on your risk appitite
I was also considering whether or not I would trade against the over all trend or not ? Not sure on that one yet still considering it ?
Anyway look forward to hearing what anyone has to say.
ab1
- #14,268
- Edited 5:34am Oct 7, 2009 5:24am | Edited 5:34am
I was also considering whether or not I would trade against the over all trend or not ? Not sure on that one yet still considering it ?
Anyway look forward to hearing what anyone has to say.
I go in trade in point 1 and had 100 pip, lock profit with SL. You see slow Trix is touching 0 no space well orientated. All candle is green and we are in the mid chanell.dont trade and weit for better entry.
Anyway look forward to hearing what anyone has to say.
I go in trade in point 1 and had 100 pip, lock profit with SL. You see slow Trix is touching 0 no space well orientated. All candle is green and we are in the mid chanell.dont trade and weit for better entry.
- #14,271
- Oct 7, 2009 6:00am Oct 7, 2009 6:00am
I was also considering whether or not I would trade against the over all trend or not ? Not sure on that one yet still considering it ?
Anyway look forward to hearing what anyone has to say.
I go in trade in point 1 and had 100 pip, lock profit with SL. You see slow Trix is touching 0 no space well orientated. All candle is green and we are in the mid chanell.dont trade and weit for better entry.
When you say 0 space do you mean it was in the extreme oversold zone ?
So are you in currently then on the NZDUSD & AUDUSD ? as they have a similar pattern. Im just about to go short on the NZDUSD, but am waiting for the AUDUSD trix to cross and be the same colour
Hi thanks, but I am but a simple man !.................. can you elaborate a little more please and go into exactly what you are saying, if thats ok please
When you say 0 space do you mean it was in the extreme oversold zone ?
So are you in currently then on the NZDUSD & AUDUSD ? as they have a similar pattern. Im just about to go short on the NZDUSD, but am waiting for the AUDUSD trix to cross and be the same colour
- #14,273
- Oct 7, 2009 6:29am Oct 7, 2009 6:29am
. All candle is green and we are in the mid chanell.dont trade and weit for better entry.
one question - and why you don't take short now?
according to your picture - PA is not in the middle of yellow channel, fast trix is changed to red, enough space to 0 line, Stoch is going down, LH to previous
Thanks,
hello to Kranj
Pipgame from Trebnje
- #14,276
- Oct 7, 2009 7:01am Oct 7, 2009 7:01am
In trix window is uper(overbought), midle (0) and lower(oversold) line.NZDUSD & AUDUSD is in supportline wait.
H4 has strong downward chanel and Daily is making Lower Highs and Lower lows ?
- #14,277
- Oct 7, 2009 7:07am Oct 7, 2009 7:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #14,278
- Oct 7, 2009 7:24am Oct 7, 2009 7:24am
Ok Dudes I give up !
Made 70 pips lost 135 pips....so thats a loss today so far of -65 pips.
H4 technique out the window...not working .....
I think Ill go read some more this is not working for me
ab1
Made 70 pips lost 135 pips....so thats a loss today so far of -65 pips.
H4 technique out the window...not working .....
I think Ill go read some more this is not working for me
ab1
- #14,280
- Oct 7, 2009 7:46am Oct 7, 2009 7:46am
Ok Dudes I give up !
Made 70 pips lost 135 pips....so thats a loss today so far of -65 pips.
H4 technique out the window...not working .....
I think Ill go read some more this is not working for me
ab1
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