5 Min TrendPipper - with Hull, Ema and Pivots | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Standard Pivots and Fibonnaci Pivots? 9 replies

Hull MA: Indicator was working - just stopped! (Hull 2 color) 6 replies

An experiment with cci pivots & 200 ema 11 replies

EMA's and MA's confiming small time correctoin ema's crossing 1 reply

:: Smithy's Live Trades :: (EMA's / Pivots / News Traps) 10 replies

Attachments: 5 Min TrendPipper - with Hull, Ema and Pivots
Exit Attachments

5 Min TrendPipper - with Hull, Ema and Pivots

  • #201
  • Apr 10, 2011 6:44pm Apr 10, 2011 6:44pm
Quoting pipdude
closed eurusd long 1.4301 3rd exit +160
is this a gap trading?
  • #202
  • Apr 10, 2011 10:40pm Apr 10, 2011 10:40pm
Everyone:

I just put together a checklist that i am going to use next 90days I am sick and tired of not being consistent and losing money left and right. I have used so many systems and I am confused than ever to figure out what is working and what is not. I feel like I need to use all the strategies that I came across. Why is it happening to me? because Trading is psychological and you have to be focus on 1 strategy until you master it. Below are very good link that i came across over the weekend, I am sure these will help every trader in this forum.

1)
Inserted Video

2)
Inserted Video

3)
Inserted Video
  • #203
  • Apr 10, 2011 10:45pm Apr 10, 2011 10:45pm
Long Entry checklist

1)Check forexfactory for news (any news pending when you are entering,
Don’t trade)
2)Price is above 20 ema
3)Candle is closed green
4)Indicators turned green
5)Stoploss ( last swing low/ or most I want to lose is 20 pips)
6)Target must be the nearest pivot levels or you define the target ( my
daily target is 10 pips for a trade)
7)Entry


Short Entry Checklist

1)Check forexfactory for news (any news pending when you are entering,
Don’t trade)
2)Price is below 20 ema
3)Candle is closed red
4)Indicators turned red
5)Stoploss ( last swing high/ or most I want to lose is 20 pips)
6)Target must be the nearest pivot levels or you define the target ( my
daily target is 10 pips for a trade)
7)Entry
  • #204
  • Apr 10, 2011 10:53pm Apr 10, 2011 10:53pm
I can't upload the jpeg.. i have exceeded my quota.. how do i get increased quota. anyone...
  • #205
  • Apr 11, 2011 12:14am Apr 11, 2011 12:14am
Quoting vyrexus
is this a gap trading?
no, this is a trade i'm closing from friday.
  • #206
  • Apr 11, 2011 4:35am Apr 11, 2011 4:35am
Here is my first trade with this method, got 26 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ-4-11.JPG Size: 81 KB


btw, anyone could tell me how to set MTF nolagma 7.1 SW indicator to draw just 2 colors instead 3 please?
  • #207
  • Apr 11, 2011 8:00am Apr 11, 2011 8:00am
finally a breakout with the eurusd, 3 possible short entries, from aggressive to most conservative.
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 16 KB
  • #208
  • Apr 11, 2011 8:47am Apr 11, 2011 8:47am
Quoting pipdude
finally a breakout with the eurusd, 3 possible short entries, from aggressive to most conservative.
What about the other breakout before the ones you mentioned that didn't work out. We need to talk about the good, bad and ugly not the winning ones alone, just saying for the newcomers on here.
keep it movin'
  • #209
  • Apr 11, 2011 10:00am Apr 11, 2011 10:00am
Hi all,

Sorry I have been absent, been busy getting ready for my trip and flying to Queensland. Hopefully will be able to contribute more now I am set up here on the other side of the country.

Thank you all for your contributions, observations and trades, and special thanks to the guys helping others with answers to questions. Your doing a great job with some very helpful answers.

Quoting natanas
Julie,

Just wondering about the pivot indicator you're using in your template. Is there a particular reason why you picked the pivot indicator you're using.
It was more up to date one and it has the daily candle and also I liked the labels being on the lines instead of having to mouse over to see which pivot it was. Spot pointed out we need to set the pivot to daily not fibo.

Quoting Delite
Hello Julie

Great thread! Do you pay attention to the angle of the EMA before entry?
I don't think its made it to my rule page yet but yes, when trades are successful you can see the ema was angling in the direction of the trade, a trade often fails if the ema is flat and price is moving above and below the ema.

Quoting dynel14
+12pips, again...thanks

don't get me wrong. I only want to show how it can work.
So glad you are getting pips, please don't be shy about posting your successful trades, we can all learn from them and positive confirmation that the system works by many people was one of my main reasons for starting the thread. Trading a system confidently, with discipline is about belief. You need to believe in the system even if it produces a few losers. Because it is often then that we say, bah it doesn't work and move on to a new one just to start the whole process over. The more positive trades we see the more confident we feel and when we see losers we can analyse to see how weed out not so good entries.

J
  • #210
  • Apr 11, 2011 10:19am Apr 11, 2011 10:19am
my first trade in real and succes 14 pip
Attached Image (click to enlarge)
Click to Enlarge Name: 14.gif Size: 19 KB
  • #211
  • Apr 11, 2011 11:00am Apr 11, 2011 11:00am
hi. i missed all the action today. after NY upmove, i was waiting for a pullback. i entered at the hammer, but since in my opinion it was against the rules - 2 red nonlegs had developed, and i felt i anticipated the entry - i bailed out at first sign of weakness at the highs. it would have been a nice trade had i stayed in a little longer, or if i had re-entered at the close of the bull candle.

i entered for these reasons:

1) frustration at missing the previous upmove
2) hammer off daily open and pivot
3) hammer breaks previous low, but RSI makes a higher low
4) break of short term TL and immediate 5mn high.
Attached Image (click to enlarge)
Click to Enlarge Name: g-u_apr_11.png Size: 39 KB
  • #212
  • Apr 11, 2011 11:12am Apr 11, 2011 11:12am
Quoting bubola
hi. i missed all the action today. after NY upmove, i was waiting for a pullback. i entered at the hammer, but since in my opinion it was against the rules - 2 red nonlegs had developed, and i felt i anticipated the entry - i bailed out at first sign of weakness at the highs. it would have been a nice trade had i stayed in a little longer, or if i had re-entered at the close of the bull candle.

i entered for these reasons:

1) frustration at missing the previous upmove
2) hammer off daily open and pivot
3) hammer breaks previous low, but RSI...
your entry is good. sure not with this system, but be flexible and look for price action first!!!
  • #213
  • Apr 11, 2011 12:18pm Apr 11, 2011 12:18pm
+12pips

EDIT: I have my own settings, but the rules are similar
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 20110411 trade 3.jpg Size: 153 KB
  • #214
  • Apr 11, 2011 12:20pm Apr 11, 2011 12:20pm
Quoting pipdude
finally a breakout with the eurusd, 3 possible short entries, from aggressive to most conservative.
pipdude

can you post the channel indicator you are using please.

I have been using keltner channels but I would like to compare them to your channel indicator

Thx!

PGPB
  • #215
  • Apr 11, 2011 12:31pm Apr 11, 2011 12:31pm
First winning trade for me +15, lost 2 trades (-17pips) already due to not following the rule strictly, and i think you've got a wonderful approach here Julie, its so simple, atleast thats what i think and i'll stick with it and so how things go from here.

Ps: Don't mind my extra indicators, it's for show.
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 55 KB
keep it movin'
  • #216
  • Apr 11, 2011 2:28pm Apr 11, 2011 2:28pm
Hi Julie and Gang,
Thanks Julie for a very straight forward trade system. Read through this thread middle of last week and have traded it Friday and today with good results. +27 x 2lots on Friday and +37 x 2lots today. That is mixed between the EURUSD and GBPUSD , traded between 7am and 11 am EST. Just wanted to share my results so far.

Take Care
Always Learning
  • #217
  • Apr 11, 2011 3:39pm Apr 11, 2011 3:39pm
Quoting pgpb
pipdude

can you post the channel indicator you are using please.

I have been using keltner channels but I would like to compare them to your channel indicator

Thx!

PGPB
I am guessing that your channel is basically two ema's 20 ema high and 20 ema low

am I correct?

PGPB
  • #218
  • Apr 11, 2011 5:38pm Apr 11, 2011 5:38pm
Quoting kola8701
What about the other breakout before the ones you mentioned that didn't work out. We need to talk about the good, bad and ugly not the winning ones alone, just saying for the newcomers on here.
yes, very true. any ideas on how to filter out false entries?
  • #219
  • Apr 11, 2011 5:48pm Apr 11, 2011 5:48pm
Quoting pgpb
pipdude

can you post the channel indicator you are using please.

I have been using keltner channels but I would like to compare them to your channel indicator

Thx!

PGPB
on that chart i had a 13 ema high, low, close channel, sometimes price doesn't pullback to 20 ema, so i use something tighter to price. i like to use these ema channels with fib no's 8, 13, 21, etc.
  • #220
  • Apr 11, 2011 6:15pm Apr 11, 2011 6:15pm
i went back over trade signal for last night's ranging by eurusd. if you would have used most conservative entry method, 3rd arrow, you would have avoided all false entries, except one, next signal would have had a winner. remember, the setup, is a trade signal, not an entry signal. you have to wait and see if setup gives you an entry.
1 trader viewing now