Two Reversal Bar Entry System | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Scripts for Limit entry, Stop entry, Market entry 47 replies

3 Bar Fractal with mid-bar and bar on each side 11 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

How do I code a 5 pip entry from the previous bar? 2 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Two Reversal Bar Entry System
Exit Attachments

Two Reversal Bar Entry System

  • #141
  • Jan 18, 2011 8:44am Jan 18, 2011 8:44am
if the market falls after this,it means this was a mark up to shake the shorts of the market,if that happens im short,but if not,then nothing

warren buffet words
"if theres nothing to do do nothing"
  • #142
  • Jan 18, 2011 8:46am Jan 18, 2011 8:46am
Quoting jiva34
I may just avoid US market altogether.
Just trade Tokyo and London.
Us seems always weird to me.
lol,tokyo,thats almost like a dead beat,
  • #143
  • Jan 18, 2011 8:48am Jan 18, 2011 8:48am
my guess is that we are actually putting a top in here. There were orders at r2 waiting and now we head down to the wood pivot before US closes.
Just a guess, but I've seen it before...
Anyway I traded the strategy.
I could have waited a bit before placing the order short since it was a little unclear long or short.
1 hour long signal and 4hr short signal at the same time.
Demo and micro... this is why...
  • #144
  • Jan 18, 2011 8:49am Jan 18, 2011 8:49am
Quoting dragan53
lol,tokyo,thats almost like a dead beat,
just my speed...
  • #145
  • Jan 18, 2011 8:51am Jan 18, 2011 8:51am
Quoting dragan53
if the market falls after this,it means this was a mark up to shake the shorts of the market,if that happens im short,but if not,then nothing

warren buffet words
"if theres nothing to do do nothing"
yeah to shake the short like me out.....
  • #146
  • Jan 18, 2011 8:51am Jan 18, 2011 8:51am
i kind of guessed,i dont think its ur speed in reality,its that u didnt read mtm,becuase theres no other way than the vsa way
  • #147
  • Jan 18, 2011 8:53am Jan 18, 2011 8:53am
Quoting jiva34
yeah to shake the short like me out.....
yes to slower the pace of the fall,becuase they want it up,so they can sell it to someone there,for a profit
  • #148
  • Jan 18, 2011 8:58am Jan 18, 2011 8:58am
check out the volume,theres always more buyers than sellers,in this up trend,when we see more seller coming in then down,might not be true volume,but its good enough to see where money is

what does that mean?
it means that banks and big traders move the markets,and try to fool us into exhcnaging their crap with us,the more of us are short,the more of them will be buy ,and short on the level of our stop loss,limit order

if we cant see big movers volume,at least we can see the big fools volume,same thing actually,:nerd:
  • #149
  • Jan 18, 2011 9:16am Jan 18, 2011 9:16am
Quoting dragan53
nice train set there,i want to short as well ,but what looks like down,is actully stopping volume,as we see narrow spread bars,that means that the big guns are exchaning hands with the weak players,so no more demand from big shakers in ny,but i wouldnt complately say that supply has been remove,look at 15m,,now and short when it goes lower a bit,

what we saw today/yesterday was a shakeout from big guns trading to fool us,so they can hit uor stop losses and profit,in return more liquidity for them so they can dump their crap on someone else
what...
post your chart so we can see what you say...
  • #150
  • Jan 18, 2011 9:17am Jan 18, 2011 9:17am
I was just watching the indicator on 15min time frame 4hr signal and on two charts the indicator was there and then disapeared does it repaint

Quoting Wandler
Why only 1H and 4H?! ... I also use M15 and M30 to confirm.

PS.:
Nice Thread ... i like trade with pa.
  • #151
  • Jan 18, 2011 9:28am Jan 18, 2011 9:28am
Quoting dragan53
check out the volume,theres always more buyers than sellers,in this up trend,when we see more seller coming in then down,might not be true volume,but its good enough to see where money is

what does that mean?
it means that banks and big traders move the markets,and try to fool us into exhcnaging their crap with us,the more of us are short,the more of them will be buy ,and short on the level of our stop loss,limit order

if we cant see big movers volume,at least we can see the big fools volume,same thing actually,:nerd:
Is this the kind of thing you would look for???
a/d divergent...
Attached Image (click to enlarge)
Click to Enlarge Name: short.gif Size: 58 KB
  • #152
  • Jan 18, 2011 9:57am Jan 18, 2011 9:57am
yes I like what Dragan is pointing out..
He is right. about the volume.
Took a few quick scalps and back in with a short signal and the trading strategy.
London closing. Not sure what that will mean for direction going forward. But that is probably related to the sudden drop.
Attached Image (click to enlarge)
Click to Enlarge Name: inagain.gif Size: 69 KB
  • #153
  • Jan 18, 2011 10:15am Jan 18, 2011 10:15am
Something I have been overlooking last few hours. Very significant.
Proximity to the 200ema.
Best trades are when prices leave the 200ema and either head up or down.
That seems to be the case with Europe markets.
By the time we get to US a big move has already been in place for several hours. and we are miles away from the 200 ema and bumping up against some support or resistance levels somewhere.
That's why Europe is attractive to trade.
US bounces around, up? down break support? break resistance? etc. all miles away from the 200 ema.
The break out strategy will be most effective when prices are hovering around the 200 ema and ready to move. that's Europe markets.

Also Tokyo is good for 20 pips here and there. Prices tend to hover around the 200 ema during Tokyo too.
But during US mkt we are miles away from the 200. And should we retrace? Should we continue?
And US is only really good for 3 hours to find a big move.

Just thinking out loud.
How to do this.
What to do what not to do.
etc.

Not all strategies work the same in all market conditions.
  • #154
  • Jan 18, 2011 10:36am Jan 18, 2011 10:36am
Quoting Wandler
I think it's very risky to sell EURUSD now.
dont you think u got too many indicators there?
  • #155
  • Jan 18, 2011 11:27am Jan 18, 2011 11:27am
feeling better about things.
after the spill this morning......
we are back in and have reached first target.
next stop 50 pips....
stops all moved to just beyond break even.
And all the rambling about never trading US market and especially after lunch time New York.
Well here we are in a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: ok.gif Size: 68 KB
  • #156
  • Edited 11:44am Jan 18, 2011 11:32am | Edited 11:44am
maybe we have head and shoulder top?
Attached Image (click to enlarge)
Click to Enlarge Name: head.gif Size: 69 KB
  • #157
  • Jan 18, 2011 12:21pm Jan 18, 2011 12:21pm
3 out of 4 signals were good
Other factors than just the arrows need to be considered.
The s/r levels cannot be ignored. r2 was the problem for the one bad trade.
I closed the last 3 shorts because of the time of day, afternoon NY.

Tokyo next.
I think Tokyo can be good fairly consistently for +20 pips per session using the 2 reversal bar entry.
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 64 KB
  • #158
  • Jan 18, 2011 1:28pm Jan 18, 2011 1:28pm
Quoting jiva34
Here's the story, dear friend.
...
thank you in advance.
jiva....
Hi jiva

I think it is a misunderstanding.
I use the same strategy (Two Bar Reversal Entry System from Tony dtrader) ... The only difference is that I do not use the indicator of fxxx, but the candles (bullish bearish) look.

I was quite determined not you interfere with the development or testing of the strategy.
Please excuse me if I did something wrong here.
Will delete all entries.

best regards, Wandler.
  • #159
  • Jan 18, 2011 4:39pm Jan 18, 2011 4:39pm
question was raised about how this system would perform in a sideways market.
It may be there would not be signals. since it takes 2 4hr candles going in the same direction as each other but reverse direction from the 3rd before them, to generate a signal.
If consolidation is going on it might not be that 2 candles will agree. Or if they do it would be obvious by looking at the chart that there is no trending.
We shall see.
  • #160
  • Jan 18, 2011 4:40pm Jan 18, 2011 4:40pm
jiva do u ever sleep,

go to sleep jiva,get some energy for trading,

http://image40.webshots.com/40/6/70/...0PCtMoT_ph.jpg
0 traders viewing now