Trading Price Pivots

profit-taking is perhaps more complicated ... chantalb to speaks TSL day to day ... but the answer you when read the post

I prefer to close half position when I reached at least a 1:1 ratio, and I moved the SL to break even,and let it run half position .... tomorrow, Friday, move the SL
even though I have no clear exit

hi friends

today I will try the strategy "chantalb" in lower TF
if we use higher TF d1-m30 (or h1) ... on h4 will use m5

1440 / 30 = 48 (d1-m30) ==> 240 / 5 = 48 (h4-m5)

example .. awaiting entry into nzd-usd and aus-usd... h4-m5

GO...

hi porfirio: what's your performance with your High TF trading with this strategy? Thank you.

blackmovie is high ... but do not really say .... practice and you'll notice the strength of this strategy

Yesterday I walked into lower TF h4-m5 (or M30) ... and I noticed that on many occasions confifuracion candle "price pivots" in d1 occurs earlier in h4

I'll put pictures to see if I understand ... I speak very little English

look

D1-H1

H4-M5(M15)

just practice practice practice ....

I think I will stop publishing ... this seems a monologue of my ego ... and gives me a little shame.

No, would be good to see you charts - I've only just discovered this thread and am reading my way through it, the more recent examples the better to understand it - and you seem to understand it!!

ok friend, I will help you

see for example NZD-USD ... d1-h1 (or M30)

look what I'm looking for ... see picture

d1 have to wait at least until tomorrow (4 candle d1) and wait retracment fibo

is also interesting to look at ICC 14 in d1 ... leaving -100 (oversold)

I hope I've helped

sorry for my english

out? When you see the opposite configuration (price pivots) ... but uses the TSL to protect

when you do it 100 times will be easy

if you're wrong, no matter at hand will give you the opportunity to study because of the failure

I hope you understand the relationship of the candles and the d1 y h1 (or m30) ... is important

in h4 y m15 (or m5) is exactly the same

Yes, I get the piece about entering on a retrace on the 1hr once the fractal has appeared on the d1. What I'm still not clear on is when a d1 fractal is "valid", and when it isn't. The original post stated they must be at "Price Pivots" e.g 1.1000, 1.1500 etc, yet later charts don't seem to have these areas marked, or there is no reference to them. Also, the concept of trading with the trend was introduced (using 200 MA as guide I think), but then later it seems that any / all fractals are valid.

So from what I've seen on the charts, it's easy to look at a fractal before a large move and see how it would have been easily tradable and profitable, but not so easy to see how a bunch of opposing fractals in a ranging market would have been traded e.g. USDCAD in Jan / Feb - which I guess is always the problem with any system though!!

So in this previous example you had entered the USDCAD long around the 28th July, which was doing very well. But prior to this, in the white circle on my chart there were 2 previous d1 fractals, one long then one short, but I see no reference to these in any postings. Both look like they would have been stopped out, and I would say that the short would have been the preferable direction at that point anyway, as the prevailing trend was down (and was at the 0.95000 PP)?

Did you take either of these trades?

CHANTALB when he returns to explain the topic of fractals ... I do not utlized

just watch if the price is overbought or oversold CCI lines 14 and TMA


I will certainly CHANTALB and will respond .. he is the creator of the strategy ... I use them all the strategies in my own way

if usd-cad take a few days ago ...

Yes that would have been a nice trade. So seems you are looking for reversals of trend, rather than going with the trend, very interesting to know - thanks for the help in understanding!

sorry .. "yes" meant, not "if"


regard to tenure ... a trend change takes place in lower TF ... you look at the example above usd-cad ... d1 ema is below 100 in a bearish channel ... but by gum and h1 is a bullish channel and above the 100 ema

therefore I said before is very important that the relation d1-h1

although it is not necessary for me to use EMA's .... zoom the screen and I sense it will make ... therefore I said that practiced over and over again

As mentioned earlier in the thread the RSI I use is nothing other than a regular 14 period with colored rectangles and lines. You can add them yourself... were I to attach the indicator you would get nothing other than the one you already have in MT4...

Hope this helps,

I have been busy making up for all the lost time waiting on the sidelines during July. So trading was a priority for me over the thread since the beginning of August. I will make more time for this thread in the coming days and answer all queries.
Porfirio, I am amazed at the speed you picked up this strategy and how you made it fit into your style… Bravo!
This is the thing… trading is a personal style full stop. Now what I have attempted so far here was to introduce readers to a strategy that is very profitable and simple. Porfirio (sorry for taking you as an example) is living proof, and I hope you can one day all prosper as traders.
The learning curve to becoming a trader is a very long one and that of trading is endless and ever changing. There is no such thing as a one stop shop in trading where you can get all you need and then hit the millionaires list. It is a personal process, and a very very lengthy one…
In my next posts I will go deeper into one last topic PRICE and that will be the climax of what I have to share. I have given a lot of clues on the tools I use in trading throughout the thread. It is up to you to pick them up or not.
CB