any of you guys putting these trades on in the eurusd that i am posting they are simple setups as long as you know what direction you are going then its just wait for pullback and find trigger bar
any of you guys putting these trades on in the eurusd that i am posting they are simple setups as long as you know what direction you are going then its just wait for pullback and find trigger bar
Ignored
Yes Div, I trade the London and US sessions. Initially, I was slightly confused about the swings, but now understand it.
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Joined Dec 2010
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Status: Keep working and you will get there
|77 Posts
Hello Div. this is the kind of secret within the forex charts that few can see .... congratulations!
I would like to know your opinion on using the 15 min chart to identify the trend and the beginning of the new (Breaking the trend line). when the trend line is broken, go to the 5 min chart and wait for the flag and then follow your method ... what do you think? Please, what is the best time to trade? tks
great thats the way to make money as for the times i trade from 00gmt to 130 gmt 1400 -1700 heres the deal if news is at 830 ill start at 845 if news is at 10 i wait till 1015 though i try and get a setup from 845 till 020 and make sure i am out by news till to avoid widening of spread senario find the trend wait for pullback enter if you are not comfortable with divergence 123 look for it when the market is pulling back in the uptrend like today and get divergence going back into the trend now thats a powerful move which it was today
as long a price closes above 10 sma and cci closes above 50 it doesnt matter if the candle is red white or blue PRICE is what counts that candle had no pullback and its late in session if you cant draw a flag line you got nothing
Mr Divergence i didn't take this trade because i took the earlier trade. As for as the trigger bar and candle size do you watch say 3 pip versus say 7 pip trigger candle ....do you give smaller size more consideration ? Here is an example.
size of the candle doesnt matter my stop is last swing low this is about pullback flagtrendline break candle closes above 10 sma and cci closes above 50 dont make it any more complicated its just that simple. the theory behind all this is we want to trade with trend because thats where most of the orders are the pullbacks are profit taking thats what makes a market a market the candle your showing is no different than the one you and i won with only difference is there was a pullback with our trade none here
yes, i do. if we get a trigger, and the next candle doesnt get you into the trade, as long as candle is within 2 pips of sma and cci is still closed above 50, you have 1 more shot. if that one doent take you in, you have no trade, and you wait till cci goes back into the middle or oppostie side of 50 levels, and wait for a new signal. we r looking for momentum to accure. if not, stay out.
Ignored
hi, div,
I am backtesting your strategy.
would you please explain why the following two trades are failed?
is that because we should only enter a trade in the next two bars after the trigger bar?
and also, if we can't enter in the first bar, and need to enter in the second bar, the low of the first bar(for long) should be within 2 pips of sma10 and the first bar's cci>50?
am I right?
would you please explain why the following two trades are failed?
is that because we should only enter a trade in the next two bars after the trigger bar?
and also, if we can't enter in the first bar, and need to enter in the second bar, the low of the first bar(for long) should be within 2 pips of sma10 and the first bar's cci>50?
am I right?
Ignored
I guess div is on bed now. Just my point of view:
Chart 1 -- it seems you have got a new and better trigger bar (bar #2 to the left of your trigger bar arrow) .
Chart 2 -- div's rule of validation: if a trigger bar is not triggered within 2 bars, stay out.
