Two Reversal Bar Entry System | Page 10 | 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

  • #181
  • Jan 19, 2011 6:41am Jan 19, 2011 6:41am
here you go...

http://www.forexfactory.com/showpost...99&postcount=1

I don't use alot of the features but the ones i do work very well. i think there is a PDF with instructions.

Hope it helps.
  • #182
  • Jan 19, 2011 6:43am Jan 19, 2011 6:43am
This should help..
the best entries, and well worth waiting for.
are when prices are leaving consolidation around the pivot and 200 ema.

There is a an aspect to trading that is addictive. A lot of excitement is generated when a position is in play. This releases adrenalin and the effect is heightened senses. So it is like a drug. The tendency is to want to feel this heightened sensual level all the time, it is pleasurable, so traders fall into the trap of over-trading.
They must have their fix, to feel alive.
Adrenalin rush addiction.

This is not the secret to successful trading, this is a recipe for disaster!
So we want to be able to identify the good entries and then wait for just the right set ups and make a lot of money.
Boring but profitable.
That's my goal.
Attached Image (click to enlarge)
Click to Enlarge Name: entries.gif Size: 71 KB
  • #183
  • Jan 19, 2011 6:43am Jan 19, 2011 6:43am
Don't think i posted the correct link, sorry

try this..

http://www.forexfactory.com/showpost...99&postcount=1
  • #184
  • Jan 19, 2011 6:46am Jan 19, 2011 6:46am
Quoting indy360
Don't think i posted the correct link, sorry

try this..

http://www.forexfactory.com/showpost...99&postcount=1
I'll find a little time here and there to study his program.
Thanks.
  • #185
  • Jan 19, 2011 6:54am Jan 19, 2011 6:54am
Quote
This is not the secret to successful trading, this is a recipe for disaster!
So we want to be able to identify the good entries and then wait for just the right set ups and make a lot of money.
Boring but profitable.
That's my goal.

I think i am guilty of that at the moment, need to learn to only take the A+ set ups, easier said than done!
  • #186
  • Jan 19, 2011 7:10am Jan 19, 2011 7:10am
Quoting indy360
I think i am guilty of that at the moment, need to learn to only take the A+ set ups, easier said than done!
Successful trading is like anything else that someone become successful at.
Practice, practice, practice.
Like an athlete, or musician, artist, marksman... whatever.
It's like the Olympics.
There are lot of skiers, but not everyone makes it to the Olympics.
Some just get a broken leg..
yes, it is difficult. But if you consider what is possible with mastery of all that needs to be mastered..
An awful lot of money!!!!!!
With a steady average of just 20 pips/day and good money management a person could be become a millionaire very quickly.
The psychology needed to become successful is the secret factor.
The metal the trader is made of.
Anyway, I go on an on.
I'm only in the forging fire myself.
Steel would be nice, but I act more like aluminum (foil).
So we keep at it.
little bit little bit one day jackpot...
  • #187
  • Edited 10:43am Jan 19, 2011 7:42am | Edited 10:43am
2 days in a row fell into the same exact trap...
we will wait for the breakout from consolidation around the pivot and 200 ema, place the 3 positions and be patient.
No 3 times!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2 days.gif Size: 58 KB
  • #188
  • Jan 19, 2011 10:35am Jan 19, 2011 10:35am
Plan of attack:
Will be monitoring several pairs to see which ones are consolidating around the pivot and 200ema.
Will check for entries around market openings.
Tokyo open, Europe open, maybe skip US altogether..
That's it.
Looking for breakout from consolidation on the 15 min with the 4hr 2 reversal candle set up.
NZD cpi due out..
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.gif Size: 69 KB
  • #189
  • Jan 19, 2011 10:39am Jan 19, 2011 10:39am
gold is setting up for a move
Attached Image (click to enlarge)
Click to Enlarge Name: xau.gif Size: 63 KB
  • #190
  • Jan 19, 2011 10:40am Jan 19, 2011 10:40am
I think that sounds a sensible approach, the US session seems to give signals that are reversals of the move already started in the Europe / London session. Like you said earlier, moves away from areas of consolidation and the 200 ema seem to yeild the best pips
  • #191
  • Jan 19, 2011 10:42am Jan 19, 2011 10:42am
EURJPY is also at the pivot...
There ar a few other pairs similarly at the pivots and 200 ema.
so plan is to check back when active trading starts in again around Tokyo open.
Then check back again Frankfurt and European markets.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.gif Size: 66 KB
  • #192
  • Jan 19, 2011 10:51am Jan 19, 2011 10:51am
Quoting indy360
I think that sounds a sensible approach, the US session seems to give signals that are reversals of the move already started in the Europe / London session. Like you said earlier, moves away from areas of consolidation and the 200 ema seem to yeild the best pips
Yes, I think so.
Other wise it's like trying to get in on a pulloback and it's iffy if it is going to continue or not,
or else trying to grab a few pips as it retraces.
Seems like US markets are like that, somewhat played out already....
whereas the moves originate from Asia sometimes (like yesterday) or mostly from Europe.
Tokyo is the smallest of the markets, US is middle size. London is the biggest market.
It's not just news and data that gives a big push it's when the doors open and traders flood orders in.
Be back just before Tokyo.
Sayōnara
  • #193
  • Jan 19, 2011 11:02am Jan 19, 2011 11:02am
may not be around for Tokyo, will be ready for Europe
  • #194
  • Jan 19, 2011 12:09pm Jan 19, 2011 12:09pm
I am pleased to see that you develop the strategy in this direction.
I'm the same way gone ... and only with MTF, MD, and news was the strategy right profitable.

Wandler.

PS.:
The session trading EURUSD in EU and U.S. you would have been avoided with MTF.
  • #195
  • Jan 19, 2011 4:30pm Jan 19, 2011 4:30pm
Quoting Wandler
I am pleased to see that you develop the strategy in this direction.
I'm the same way gone ... and only with MTF, MD, and news was the strategy right profitable.

Wandler.

PS.:
The session trading EURUSD in EU and U.S. you would have been avoided with MTF.
Hello friend,
Sorry about the misunderstanding.
Happy to see you again.
Together we can get to where we need to be..
  • #196
  • Jan 19, 2011 4:51pm Jan 19, 2011 4:51pm
Okay this makes a lot of sense.
Almost all the pairs are ready for a move.
I may be a little late to the party though.
Many of them resting in consolidation waiting for the action to begin starting with Asia.
Not sure what brought on the big moves early before Asia opened unless anticipation for China data release (threatening tightening of monetary policy to strengthen the yuan) to be released in 1 and 1/2 hours.

But big move in kiwi and Aussie. and many of the pairs.

Lots of 4hr reversal signals.
took 3 trades demo 3 positions each, micro on hold for now.
Short EURUSD, long USDJPY, short EURGBP
Maybe little late to the party.
We need a sound alert...
Could keep the machine on in the other room and if there is sound alert check it.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 90 KB
  • #197
  • Jan 19, 2011 5:17pm Jan 19, 2011 5:17pm
Quoting Wandler
I am pleased to see that you develop the strategy in this direction.
I'm the same way gone ... and only with MTF, MD, and news was the strategy right profitable.

Wandler.

PS.:
The session trading EURUSD in EU and U.S. you would have been avoided with MTF.
yes mtf..
macd is my indi of choice.
the indi I am attaching is macd with 2 different settings for same time frame (present chart time frame)
macd default 12,26,9 and macd 21,100,9
This should help...Price action is main focus but reference to trend is necessary...
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 67 KB
Attached File(s)
File Type: mq4 macd_tf.mq4   2 KB | 287 downloads
  • #198
  • Jan 19, 2011 5:27pm Jan 19, 2011 5:27pm
China. 1/2 hour. All the world waits on China...
  • #199
  • Jan 19, 2011 5:31pm Jan 19, 2011 5:31pm
Probably would not have taken short in EURGBP if I had the macd mtf set up at the time. EURGBP is hard to trade anyway. Expensive...
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 65 KB
  • #200
  • Jan 19, 2011 5:35pm Jan 19, 2011 5:35pm
hi jiva,

Asian sassion:
Buy USDJPY ... because: GBPJPY up, GBPUSD down -> Buy USDJPY Open and Close with 10p.

I will wait for the news, before I make a new trade.
0 traders viewing now