I am fully aware that the strategy as it stands is excellent, but I was just wondering if anyone had any thoughts on using HH's and HL's and so on? Thanks. Nick
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How would it help Nick? We are trading swings. It does not matter overmuch where the market is going. I might be wrong.
What is your idea? Be happy to hear it. Different view etc.
If you listen to some successful and experienced traders, they seem to define a trend by the HH's and HL's or the LH's and LL's. As some say, trade with the trend.
The only reason I threw the question into the ring was that, and maybe it is just coincidence, but I notice a number of my better trades come after a fail swing or in a trend that might have been defined by the HH's etc. Only thinking out loud!!
If you listen to some successful and experienced traders, they seem to define a trend by the HH's and HL's or the LH's and LL's. As some say, trade with the trend.
The only reason I threw the question into the ring was that, and maybe it is just coincidence, but I notice a number of my better trades come after a fail swing or in a trend that might have been defined by the HH's etc. Only thinking out loud!! Cheers.Nick
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Might well be a good idea, swings usually are longer with the trend and the retracements shorter.
I had thought about only trading with the trend myself.
Had a little time this morning to place a trade and did so on eurusd short from 4513, not quite perfect, but close, there was a big wick on candle before my entry showing that the mkt doesnt really want to go long, but went negative 7 pips, which isnt too bad and then finally some follow through, got 40 right now with about 25 percent of my position still left in, maybe it drops more when I step out shortly, so I will set my tp for some where around 4450.
Hope some of the group got some of this, or the killer drop on eurjpy, I missed that as I was sort of preoccupied with checking my emails, damn email lol.
hlass
Today two big losses
1) eurjpy long 132,33 lost 30 pips stochastic was okay while enter...
2) eurusd long 144.89 lost 28 pips. stochastic was okay while enter
so i got a big problem when taking alwaya only 10 pips win if i have two losses with togehter 58 pips... because i only can trade in the german late afternoon and evening, the big moves are rarely bzw. only o n the wrong side
Today two big losses
1) eurjpy long 132,33 lost 30 pips stochastic was okay while enter...
2) eurusd long 144.89 lost 28 pips. stochastic was okay while enter
so i got a big problem when taking alwaya only 10 pips win if i have two losses with togehter 58 pips... because i only can trade in the german late afternoon and evening, the big moves are rarely bzw. only o n the wrong side
perhabs better only trading with the trend
:-(
cruely day
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Hi,
I am home for about 30minutes, Warsteiner, please attach charts with entry times for both trades, I looked and eurusd depending where you got in, you might have had 20-25 pips winner, eurjpy not sure by the price you said, there might not have been a proper setup so please place charts with your times of entry please and I will see what I can do in my short time home to help explain what happened in your trades.
hlass
here the charts. the original trades are with ninja-trader but i dont know if possible to show here, so these are the pics of meta-trader. hope it works
here the charts. the original trades are with ninja-trader but i dont know if possible to show here, so these are the pics of meta-trader. hope it works
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First screen problem is that the TDI is below the 50 (yellow line) and second problem is the price action is for a sell and below the 200ema. I trade with Dean everyday and he is always looking at price action, above or below the 200ema and daily pivot and TDI (yellow line below or above the 50 mark). I hope that helps.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
thanks for answer. but lt. craig harris method i think the trades were okay... not fro synergy but craig harris... i only dont know if craig trades against ma 200 and pivot...
First screen problem is that the TDI is below the 50 (yellow line) and second problem is the price action is for a sell and below the 200ema. I trade with Dean everyday and he is always looking at price action, above or below the 200ema and daily pivot and TDI (yellow line below or above the 50 mark). I hope that helps.
here the charts. the original trades are with ninja-trader but i dont know if possible to show here, so these are the pics of meta-trader. hope it works
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Both trades were in downtrends, at least a little downtrend, but just going by the indicators, both tdi and stochastic were not quite ready yet, you must wait for confirmation, otherwise you get a headfake, and this headfake could just be a retrace which could be people taking profits, but when in some sort of a trend, it is best to stay with the trend till it changes, granted we are playing on the 15m chart and a bigger chart say 1hr or 4hr chart might show something else, but one can not jump all over different charts and then trade from one chart while looking at another, what I do is look at all charts like big down day 4hr and so on and then trade off of 15m chart, so that way I know what the real trend is using the bigger charts, so start with day or 4hr chart to know where we are and then trade off of 15minute chart, then that way you can use the swings off of the fractals like craig harris has taught us all, also as you advance, you will be able to use support and resistance and important numbers like 00 and 50 and also trendlines, but as you are learning, just remember using indicators is fine, as we all started with indicators, but just wait for confirmation, so on stochastic 8 3 3 wait till you have a long in the position like craig says between 12 and 2 and maybe a bit into the range, instead of 20 going long maybe wait till stochastic gets to 25 or 30 for better confirmation, a few less pips but a good way to stay out of a bad trade, a good filter in other words and same for tdi, wait for more of a cross, hope this helps, if any questions, just ask and when I get back home, ill answer, take care.
hlass
thanks for answer. but lt. craig harris method i think the trades were okay... not fro synergy but craig harris... i only dont know if craig trades against ma 200 and pivot...
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I only trade with the trend. I use the following. 200ema, daily pivot and price action. I want all of them to agree. For a sell below the 200ema, daily pivot and PA bearish. The opposite for a buy. I know that CH takes most of his trades with the trend. If you watch the videos of the natural flow of the market. When he does go into a countertrend trade, he is in an out. Remember you need countertrend trades to get trend trades. So use a fib to get into the market at a better price. I also use the DSR indicator. It shows the Support and Resistance lines. I see that you have synergy 2, so are you trading with Dean in the morning.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
By the way everyone, when I stepped out, I got lucky as there was a spike and it hit my tp at 4448, so a nice 65 pip trade, speak to you all later when I get back home.
hlass
