Kevinator 5m retracement-Live trading

RELEASE IT!

If you don't understand what the TMA is used for you really need to re-read the thread and read it again. Don't trade until you understand what the TMA it is and how to use it.

eurusd long after retracement bar.

kevinator,

i'm having problems with retracement indi, see in 1st chart how there are no red retracement bars near the end, then in next chart after i've refreshed indi, red bars appear, where they weren't before. have you seen this problem before?

Hi There,

Attached pics showed the different signal before and after re-apply the template.

Please don't get me wrong, I'm not mean to complaint or point out anything bad here. I just would like to know, is that we need to keep on re-apply the template during the scanning for signal/entry?

P/S: I'm new to these indis

previous eurusd short entry and exit.

Refer to post number 99

if you come from negative to positive you know that it is a new retracement but with the new one posted here I hadn't problems...

my trades for today

thank you kevinator

guys check out post--- 78 Mediator has spruced it up for you

Youre the man Mediator

Thanks rebelheart!

How is your EA doing? Or was this just a teaser?

Vlado

thanks for your help on indi problem.

Ok guys...

I thought I'd lend Kevin a hand and provide some basic training in PA and reading the indicators. So pull up a 5M GU chart and follow along.

You can see from the open of today (Friday) price sort of slowly made it's way higher but with no real momentum to speak of. We have a long period of consolidation (between re lines) and we see the stoch is over 80 but very flat. During the London session price makes a nice run up and creates a higher high but note that the stoch stays basicly flat even during what appears to be a nice run up. When I see a run up to a new high like that and the stoch doesn't respond that tells me that there's not alot of momentum behind the push higher. What I look for next is price to start making lower highs and the stoch to step down below the 80 level. As you can see on the first red arrow price comes down but doesn't quite make it tot he bottom of the TMA band but that's ok. Next I wait for a retrace to the upper band and see if price gives me another swing top that is lower than the last high. Low and behold we get the retrace to the upper band (second red arrow). Once we get the second retrace I start to get real interested and start to watch what price does around the upper band. Next you see a small pin bar form at the band high and the next candle is a nice bearish push down. Notice where the stoch indicator line is, it just stepped down below the 80 level. At the close of the bearish candle I would enter (green line) at 1.6427. My SL would go above the last swing high which is the first red arrow. Price makes it's way down to the bottom TMA band for a 14-16 pip gain. On the retrace indicator I like to see the bars come up on the positive side and then go below the zero line. The bar on the retrace indy doesn't necessarily have to turn magenta/red for me to enter the trade. I just like to see the indy bar go below as the bearish candle closes. Now we wait to see if we get another retrace and price makes it's way back up to the upper band. Now we wait and watch what price does. Again, the stoch is still stepping down and price gives us a nice bearish candle as the retrace indy bars go below zero (3rd red arrow). I would be in at 1.6417 (green line). Also note we have another lower high formed.

I hope this doesn't confuse anyone. If you're patient and wait for the retraces you can put the odds in your favour.

Yes precisely, on a 5 digit broker you were still only -26.5 pips, the 5th digit is a 0.1 of a pip.

Hi Guys...

Just one more chart showing what's happened to the GU after the big 80 pip move down.

After the big move down price starts to go up and then back down this goes on for some time and you realise that we are in some type of consolidation pattern again (red lines). Take a look at the stoch during the consoildation. It's below the 20 level and basicly flat. Now you could take a long trade when the consolidation breaks but I would want to see some confirmation before I go long. Looking at this chart conformation would be for price to go above the aqua horizontal line at the last major swing high. Take a look at the swing A-B all the price action in the consolidation phase is inside of that last swing. For price to go significantly higher it has to break the swing high at 1.6438. Even if we break the consolidation area to the up side if price doesn't make it past 1.6438 and it turns around and starts lower price will have form another lower high within the A-B swing (see the aqua zig zag lines).

Maybe I am complicating things for some of you, but if you start to learn this stuff you will put the odds on your side and your winning percentage will go up significantly.

Far from complicating things your expanations make things a whole lot easier

For this newbie anyway......
many thanks


Jim

********This is a work zone********************************

Although there is a lot of discussion this is a zone for numbers, production, and work.Our focus is to be present at more trade setups and execute those opportunities as they present their self.

This is a celebration of vanity and excess.More money means a better lifestyle and more possession.Our mission is to engage ourselves and scan these charts for every trade setup that isn't tied down.

Excellent work guys, you all are doing a fantastic job.The more you learn the system the more you can learn to anticipate and modify to suit your needs.

Trade taken off of the hard rules of the system.Market stepping up off of overbought conditions on the low TMA.15+ positive pips and trade closed as on now.

Got in late but trade taken about the same time as euro trade.There was some correlation on both pairs(eurusd/eurchf).All euro pairs had some of the same movement. Positive trade for 10 pips closed as of now.

Same trade as eurchf and eurusd.Got in late but I noticed mtf stoch stepping up and there was a break in the bull candles of retracement finder then it resumed so I pulled the trigger and walked with another 10 pips.

Correct trade setup according to hard rules.All indicators aligned so trade entered and 15 pip banked.