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Attachments: Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound
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Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

  • #981
  • Jul 28, 2011 9:07am Jul 28, 2011 9:07am
Quoting Villonius
Hey Guys

I'm not sure exactly what the current strategy here is ! I've read through a fair bit of the thread and it seems to have changed quite a bit from the initial strategy of 15/30 TF !

It seems Doro now uses an H4 DZ/SZ with OS/OB RSX with a bit of MA thrown in.

Bully seems happier on the 15 TF with Stochs and RSX plus pivots.

Last Template I saw from Phanti was a plain 1 Hr with RSX and MACD plus 365 and 150 EMA

My chart was just to give an idea of market structure and where price might go taking into account DZ/Z and...
thats the current one :

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 165 KB
Attached File(s)
File Type: tpl 02phanti.tpl   206 KB | 275 downloads
Hero calls followed by margin calls...
  • #982
  • Jul 28, 2011 9:36am Jul 28, 2011 9:36am
Thanks Jonas

Thats pretty similar to my basic setup although I typically use a Stochastic mainly for when the market goes into a consolidation.

RSX is definitely interesting I'm curious how often the 85 15 levels hold when the market is trending. You know how all Oscillators get caught when market trends.

Basically as I understand it you look for RSX in OB/OS at SZ/DZ on H1. How do you pick your entry ? You look for PA signal like Hammer followed by strong bar or Bullish/Bearish engulfing in the zone ?

Regards


V
  • #983
  • Jul 28, 2011 9:43am Jul 28, 2011 9:43am
Quoting Villonius
Thanks Jonas

Thats pretty similar to my basic setup although I typically use a Stochastic mainly for when the market goes into a consolidation.

RSX is definitely interesting I'm curious how often the 85 15 levels hold when the market is trending. You know how all Oscillators get caught when market trends.

Basically as I understand it you look for RSX in OB/OS at SZ/DZ on H1. How do you pick your entry ? You look for PA signal like Hammer followed by strong bar or Bullish/Bearish engulfing in the zone ?

Regards


V
Not only on the h1, works on each time frame.

I try to get a good price at demand and supply levels to increase my r:r ratio.
Of course pa needs to confirm a reversal first.
Hero calls followed by margin calls...
  • #984
  • Jul 28, 2011 11:14am Jul 28, 2011 11:14am
Quoting PhAnTi'
Not only on the h1, works on each time frame.

I try to get a good price at demand and supply levels to increase my r:r ratio.
Of course pa needs to confirm a reversal first.
Phanti I see that you have 10k posts, you're quite old on this forum mate and I suppose you went through a lot of systems on your way to being profitable in trading. What's your experience upon the first 1-3 years of trading? How did you came up with the idea of using this system?
  • #985
  • Jul 28, 2011 11:24am Jul 28, 2011 11:24am
EUR/JPY H4 this was a perfect one...for all new people on this thread, i think this chart is a very good example for the strategy: RSX oversold, strong support, Weekly S1/Daily S2 pivot --> nice bounce off up...many pips in your pocket
Attached Image(s) (click to enlarge)
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  • #986
  • Jul 28, 2011 11:30am Jul 28, 2011 11:30am
Quoting Dorobantu
Phanti I see that you have 10k posts, you're quite old on this forum mate and I suppose you went through a lot of systems on your way to being profitable in trading. What's your experience upon the first 1-3 years of trading? How did you came up with the idea of using this system?
I placed my first live trade 11 months ago. I never have played demo....

blowed up my first live acc testing EAs and stupid systems,blowed up the second one....

then i got lucky, met the right people and the good threads, started to learn about PA,supply,demand....
Got the feeling how markets move, what makes them move etc....

still trading peanuts cause i dont have any funds right now to trade with.

The idea of developing a supply/demand system came with my supply/demand studies in the price is everything thread.

all in all everybody who wants to be profitable in trading needs a firm overview and overall knowledge about the markets and the fundamentals.
Theres no other way. You need to know what actually drives the market.

It's supply / demand.

It's not about posts etc, it's about willingness to learn....
Ask your self the following questions:

Why do i wanna trade the markets and especially forex?
Will i keep learning and trying even in worse days?
What do i expect from my trades? Long time gains ? Entertainment? some real fix n solid income?
Am i ready to risk my own capital ?
Can i risk any cash at the moment?

etc. pp

ill tell you that im 100 % addicted to it, do have a lot of fun being in the markets and wanna make it to my full-time job.
Thats why i kept studiyng,posting and trading for the last 11 months, each fuckin day, 4-6 hours / day.
Hero calls followed by margin calls...
  • #987
  • Jul 28, 2011 11:34am Jul 28, 2011 11:34am
Quoting PhAnTi'
I placed my first live trade 11 months ago. I never have played demo....

blowed up my first live acc testing EAs and stupid systems,blowed up the second one....

then i got lucky, met the right people and the good threads, started to learn about PA,supply,demand....
Got the feeling how markets move, what makes them move etc....

still trading peanuts cause i dont have any funds right now to trade with.

The idea of developing a supply/demand system came with my supply/demand studies in the price is everything thread.

all in all everybody...
Words of a wise man...you pretty smart for a "20year-old kid" ...i think you gonna make it
  • #988
  • Jul 28, 2011 11:35am Jul 28, 2011 11:35am
Quoting bullzeye
EUR/JPY H4 this was a perfect one...for all new people on this thread, i think this chart is a very good example for the strategy: RSX oversold, strong support, Weekly S1/Daily S2 pivot --> nice bounce off up...many pips in your pocket
absolutely,

nice trade buddy.

i woould've tried to pick the very low , means buying at the very very low (see left side of wick's lows) to get a enormous r:r , we will see a retrace from the lows in 9/10 cases.
Hero calls followed by margin calls...
  • #989
  • Jul 28, 2011 11:37am Jul 28, 2011 11:37am
Quoting bullzeye
Words of a wise man...you pretty smart for a "20year-old kid" ...i think you gonna make it
Quote
i think you gonna make it

everybody can,it's just a mindset thing.
Great thing in forex is that u can trade as much as you can ( units ), it's just all about pips, if you can earn them u'll trade 1000 $ pips at some point.

Quote
you pretty smart for a "20year-old kid"

Well in Germany we turn adult with 18

how old r u?
Hero calls followed by margin calls...
  • #990
  • Jul 28, 2011 12:08pm Jul 28, 2011 12:08pm
Quoting PhAnTi'
absolutely,

nice trade buddy.

i woould've tried to pick the very low , means buying at the very very low (see left side of wick's lows) to get a enormous r:r , we will see a retrace from the lows in 9/10 cases.
Phanti I have my pending buy at that very low .

Sometimes I feel frustrated but I need to control myself.

About your trading experience and your future in trading forex, I've met alot of people that have gave up what they wanted to initially do and they've went on doing a regular job that they didn't like in the first place. Most of those people slack during the job or don't give the best at it. I admire the few people that have come to the point in life when they work with pleasure and they can make a living out of. Good job Phanti, you're an example!
  • #991
  • Jul 28, 2011 12:10pm Jul 28, 2011 12:10pm
Quoting Dorobantu
Phanti I have my pending buy at that very low .

Sometimes I feel frustrated but I need to control myself.

About your trading experience and your future in trading forex, I've met alot of people that have gave up what they wanted to initially do and they've went on doing a regular job that they didn't like in the first place. Most of those people slack during the job or don't give the best at it.[b] I admire the few people that have come to the point in life when they work with pleasure and they can make a living out of. Good job...
I hope it will be my fulltime job in 2-3 years,

time will tell.
Anyway im sure it will

ok back to trading, where are the charts guys?
Hero calls followed by margin calls...
  • #992
  • Jul 28, 2011 12:23pm Jul 28, 2011 12:23pm
Nice job Bully

I agree that finding OS conditions at Demand Areas is a v good strategy. Sometimes a bit tricky exactly where to find your entry as Phanti points out.

In the attached chart of EUR/JPY 15 min I've drawn an Equidistant channel with touches at 1 2 and 3. Notice around area 3 how price starts to break out of the bottom of the channel and then bounces back in followed by another break below and bounce back in.

The are happening AFTER RSX has reached OS and started to reverse. When you see this it is evidence of clear divergence.

It is followed by a break out of the channel into the demand zone breaking below Daily S2 pivot. If you check your hourly you will see 110.87 is a support level. As soon as it bounces back to the channel off that level you are good to go.

Break outs of channels are usually followed by a strong move in the other direction. Here you have confluent factors.

1) Demand Zone.

2 Support Level at 110.87

3) RSX coming out of OS

4) Price divergence RSX - up PA went down


notice there was strong move back inside the channel followed by a re-test of Daily S2 Pivot.

I have found E Channels a great way to spot PA divergence.

Regards to all



V
Attached Image (click to enlarge)
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  • #993
  • Jul 28, 2011 3:12pm Jul 28, 2011 3:12pm
Quoting PhAnTi'

Well in Germany we turn adult with 18
haha i guess it depends on the good German beer

dorobantu came first with the excellent EUR/JPY trade (thanks dude!), i have taken no trade today ...the chart was just for example

i am still having a regular job and i see the forex-thing like a hobby so far, but i am getting addicted too

i think we do a good job here in this thread, keep on posting guys!
  • #994
  • Jul 28, 2011 3:17pm Jul 28, 2011 3:17pm
Quoting bullzeye
haha i guess it depends on the good German beer

dorobantu came first with the excellent EUR/JPY trade (thanks dude!), i have taken no trade today ...the chart was just for example

i am still having a regular job and i see the forex-thing like a hobby so far, but i am getting addicted too

i think we do a good job here in this thread, keep on posting guys!
Yeah, keep on guys !

Quote
i am still having a regular job and i see the forex-thing like a hobby so far, but i am getting addicted too

how about trading the h4 and daily timeframe?
Hero calls followed by margin calls...
  • #995
  • Jul 29, 2011 12:46am Jul 29, 2011 12:46am
Morning guys, 15 minutes till london open.
Let's get some nice volatility and nice setups!
  • #996
  • Jul 29, 2011 12:57am Jul 29, 2011 12:57am
I'm looking for the bottom level of this demand area to buy aud jpy 4h oversold rsx
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  • #997
  • Jul 29, 2011 1:00am Jul 29, 2011 1:00am
usd jpy 30 m oversold rsx but no demand area below us :-?? all time low
  • #998
  • Jul 29, 2011 1:12am Jul 29, 2011 1:12am
Xag usd 4h oversold, very nice opportunity to go long on a commodity when the dollar is weakened

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  • #999
  • Jul 29, 2011 1:15am Jul 29, 2011 1:15am
I might consider going long already because of fibs
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  • #1,000
  • Jul 29, 2011 2:33am Jul 29, 2011 2:33am
Am I the only one who got up early to catch trades?
Slackers!
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