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Ronnierott's 1 Hour Strategy

  • #361
  • Mar 7, 2011 7:12am Mar 7, 2011 7:12am
If anyone interested getting in there is a signal of GBPCHF at the moment , pending at 1.50440
In fact it is just about to get eaten

Again not the clearest of signals but maybe ronnie can clarify that indeed it is a signal
if it gets past 1.50500 Round number , it could fly
  • #362
  • Mar 7, 2011 7:15am Mar 7, 2011 7:15am
Quoting kedridder
still valid!
By this system yes, but i doubt usd/chf will go down another 100 pips in the coming 1 week.
  • #363
  • Mar 7, 2011 7:17am Mar 7, 2011 7:17am
Quoting peterporter
If anyone interested getting in there is a signal of GBPCHF at the moment , pending at 1.50440
In fact it is just about to get eaten

Again not the clearest of signals but maybe ronnie can clarify that indeed it is a signal
As per the rules, I think it's invalid as the 15 EMA is too close (nearly touching) to the 50 EMA.
  • #364
  • Mar 7, 2011 7:21am Mar 7, 2011 7:21am
Quoting lakeluke
As per the rules, I think it's invalid as the 15 EMA is too close (nearly touching) to the 50 EMA.
Oh yeh
RULE 3. DO NOT TRADE WHEN THE 15 EMA IS INSIDE OR VERY CLOSE TO THE 50 EMA CHANNELS.

This is an interesting one cos we can see the 15EMA edging away from the 50 EMA channels as it repaints itself and by the time (if) it triggers it could be quite far away
Also i think its been asked before . What constitutes very close ?

Zoom in on it
Attached Image
  • #365
  • Mar 7, 2011 8:38am Mar 7, 2011 8:38am
ronnierott Quote:
Originally Posted by peterporter http://www.forexfactory.com/images/buttons/viewpost.gif
Am I right
A signal could be coming on USDCHF in 8 mins


I wouldnt say its the best of signals but as per the rules its a signal nonetheless



Correct.

Sell stop @ 0.9236



BAD SIGNAL
  • #366
  • Mar 7, 2011 8:38am Mar 7, 2011 8:38am
not sure but i think a text book entry is forming on eur/usd. would love a confirm
  • #367
  • Mar 7, 2011 8:41am Mar 7, 2011 8:41am
Quoting peterporter
Oh yeh
RULE 3. DO NOT TRADE WHEN THE 15 EMA IS INSIDE OR VERY CLOSE TO THE 50 EMA CHANNELS.

This is an interesting one cos we can see the 15EMA edging away from the 50 EMA channels as it repaints itself and by the time (if) it triggers it could be quite far away
Also i think its been asked before . What constitutes very close ?

Zoom in on it
I prefer it if it's at least 6 pips away from the 50 EMA
  • #368
  • Mar 7, 2011 8:44am Mar 7, 2011 8:44am
Quoting perfectgrim
not sure but i think a text book entry is forming on eur/usd. would love a confirm

Depends on if the current candle closes above the 15 EMA. But saying that, I'd prefer it if the MACD MA was more into the coloured area.
  • #369
  • Edited 8:57am Mar 7, 2011 8:44am | Edited 8:57am
Quoting perfectgrim
not sure but i think a text book entry is forming on eur/usd. would love a confirm
its good but that silly MACD EMA isnt in the MACD histogram very much as per
Rule 1

Well its actually not silly cos it makes sure you have a good trend before committing

UPDATE , Wow that does look a good entry , shame about the MACD
  • #370
  • Mar 7, 2011 8:48am Mar 7, 2011 8:48am
Quoting momo2k11
ronnierott...
yep well its been triggered , just gotta wait and see, could quite easy come back down again considering the general trend is down on H4 and H1
have faith , its not over to the fat lady sings
  • #371
  • Mar 7, 2011 8:50am Mar 7, 2011 8:50am
well, this pair certainly didnt give me a good time. Yellow area is my setup candle.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 114 KB
  • #372
  • Mar 7, 2011 9:02am Mar 7, 2011 9:02am
Quoting ronnierott
Depends on if the current candle closes above the 15 EMA. But saying that, I'd prefer it if the MACD MA was more into the coloured area.

EU - that's a no trade on my chart, closed with MA line outside of coloured area on MACD
  • #373
  • Mar 7, 2011 9:36am Mar 7, 2011 9:36am
well damn, entered before i saw response, well... if i win drinks are on me
  • #374
  • Mar 7, 2011 10:16am Mar 7, 2011 10:16am
Quoting peterporter
If anyone interested getting in there is a signal of GBPCHF at the moment , pending at 1.50440
In fact it is just about to get eaten

Again not the clearest of signals but maybe ronnie can clarify that indeed it is a signal
if it gets past 1.50500 Round number , it could fly

The candle you had in question was a valid setup although the 15 EMA was a bit too close to the 50 for my liking..... All about ones comfort zone.

However, 2 candles on looked alot better.
  • #375
  • Mar 7, 2011 11:16am Mar 7, 2011 11:16am
Quoting ronnierott
The candle you had in question was a valid setup although the 15 EMA was a bit too close to the 50 for my liking..... All about ones comfort zone.

However, 2 candles on looked alot better.
Yeh quite an interesting one that
The rate at which it went up and came down did not really impact the MA
Trouble is, what we do in demo is always more courageous to what we do in Live
  • #376
  • Mar 7, 2011 10:20pm Mar 7, 2011 10:20pm
Morning all,

GBP-USD nearly generating a sell signal:
Attached Image
  • #377
  • Edited 11:43pm Mar 7, 2011 11:24pm | Edited 11:43pm
The signal candle for GBP/CHF has appeared, 2 hours ago;

based on it I think we should place a Sell at 10 pips below it low; so Sell @ 1.49937

Lets see how it goes.
Attached Image
  • #378
  • Mar 7, 2011 11:35pm Mar 7, 2011 11:35pm
Quoting lakeluke
The signal candle for GBP/USD has appeared, 2 hours ago;

based on it I think we should place a Sell at 10 pips below it low; so Sell @ 1.49937

Lets see how it goes.


GBP/USD ????????
  • #379
  • Mar 7, 2011 11:43pm Mar 7, 2011 11:43pm
Quoting ronnierott
GBP/USD ????????
sorry, meant gbp/chf; i'll edit the post. Thanks. Is the signal correct?
  • #380
  • Mar 8, 2011 12:10am Mar 8, 2011 12:10am
sell signal at closing of 05:00am candle on GBP/JPY
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