Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound | Page 84 | Forex Factory

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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

  • #1,661
  • Edited Oct 9, 2011 4:54am Oct 8, 2011 5:21pm | Edited Oct 9, 2011 4:54am
Quoting bullzeye
Awesome Dude! Thanks for the hard work...I have a couple of questions...

Well the trading the H4 and D1 is honestly very hard for me. I try this for a few times, but dont`t get confident yet whit it. The challenging thing is still the big SL and TP that you have to set for this timeframes. My account is still very small ( i trade micro lots ) and my moneymanagement don`t allow me to set SL bigger than 50-60 Pips. What do you think about that?

Do you use hard SL and TP in your trading or set stops every time over last...
well if you trade a micro account u can use stops bigger than 100 pips of course...just adapt your traded sizes.
Patience is a key virute of trading, if you dont have any patience u wont earn any cash in this business in the long run.... if you trade the daily chart you might wait 10-14 days to get the expected result of example.... forex is a long investment business if you are a swinger......

i dont use trailing stops....i bank at my predefined levels.

always appreciated, dont stop to ask questions !

kindest regards Jonas
Hero calls followed by margin calls...
  • #1,662
  • Oct 9, 2011 4:46am Oct 9, 2011 4:46am
Quoting PhAnTi'
It's soooo fuckin rainy and cold outside that im gonna post some stuff about my trading.

How i trade? How i search for possible setups? Why i dont take setup A but take B instead? etc....

first of all i will show you how i start to analyze pair-X. In the following example i will take AUDCAD.

Seriously we need about 1000 pips a month to make a living out of this business.... in my humble opinion. Sure there might be others that need 100 pips a month .... should be ok,if you trade 100 standard lots and more ;-p ....

1000 pips x 1.0 standard...

Dear Jonas

i came to your forum before almost one month before you join the job in bank. since then i am learning what you told me , and guess i am far better trader .

I had found answer that what is mind setup when use your system in long run trades. until now i am using your system on M30 H1 TF . 95% success ratio, patients is the key .

I want to try bigger TF trades, your post boosting my confidence .
I have your template 02phanti , it have some error it shows wrong pair current price and spread. could you please check it, or post your latest one.
The indicator Better volume , could you please also upload how to read it. ?

Thanks

An"

Thanks in advance
  • #1,663
  • Oct 9, 2011 4:52am Oct 9, 2011 4:52am
Quoting Anpips
Dear Jonas

i came to your forum before almost one month before you join the job in bank. since then i am learning what you told me , and guess i am far better trader .

I had found answer that what is mind setup when use your system in long run trades. until now i am using your system on M30 H1 TF . 95% success ratio, patients is the key .

I want to try bigger TF trades, your post boosting my confidence .
I have your template 02phanti , it have some error it shows wrong pair current price and spread. could you please check it, or...
Hey An,

first of all thanks for joining this thread and this way of trading.
I dont use any volume indicators anymore for my trading, but ill upload the indie and an additional ebook for you.

This systems works best on the higher timeframes, but M30 and H1 are still ok for it, please dont go lower though.

Please post your charts and trade setups that we can discuss them here and improve your trading.

Kindest regards
Jonas

Ps: And yes, patience is the key. Dont expect a 250 pip gain on a daily timeframe trade within 1 day, this might take a couple of days etc...we are swingers,not scalpers
Attached File(s)
File Type: ex4 BetterVolume 1.4.ex4   6 KB | 372 downloads
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 421 downloads
File Type: pdf Better_Volume_Indicator 2.pdf   322 KB | 844 downloads
Hero calls followed by margin calls...
  • #1,664
  • Oct 9, 2011 5:00am Oct 9, 2011 5:00am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.jpg Size: 139 KB


i might consider taking some longs here soon if 2.000 level turned support again.

Target around 2.2222 , see weekly tf :

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #1,665
  • Oct 9, 2011 5:13am Oct 9, 2011 5:13am
i got a couple of requests via mail how i search for trickie and key levels, note: Not supply or demand levels, i mean trickie levels that might cap price for a while or might be useful to place targets.

Well if we open a chart we see hundreds of coloured candles, rangebars that show us traded price range in a predefined timespan (like M1,M5 etc.).

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 113 KB


So problem is that we dont find the very significant levels in this candle jungle quiet often, so we switch to a line chart.
A line chart shows us the connection of all closing prices of the candles.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.jpg Size: 129 KB


remember: always go to the next higher timeframe to search for the turning points,for supply and demand areas etc...

example: if you trade the h4 timeframe go to the daily to search for your levels/areas.
Hero calls followed by margin calls...
  • #1,666
  • Oct 10, 2011 3:16am Oct 10, 2011 3:16am
Attached Image (click to enlarge)
Click to Enlarge Name: daily eur usd.jpg Size: 191 KB
  • #1,667
  • Oct 10, 2011 3:28am Oct 10, 2011 3:28am
This turned out to be +100 pips for today.

This set up is really gr8
Attached Image (click to enlarge)
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  • #1,668
  • Oct 10, 2011 3:44am Oct 10, 2011 3:44am
hello phanti.

as i understand now you dont look RSX to go long or short yes? oversold/overbought. you only see only levels where price turn..
Georgia
  • #1,669
  • Oct 10, 2011 4:05am Oct 10, 2011 4:05am
short eur usd @ 1.3580, 1h supply level into a 1d supply level
Attached Image (click to enlarge)
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  • #1,670
  • Oct 10, 2011 8:55am Oct 10, 2011 8:55am
Quoting AbhijetPandi
This turned out to be +100 pips for today.

This set up is really gr8

nice trade
Hero calls followed by margin calls...
  • #1,671
  • Oct 10, 2011 8:57am Oct 10, 2011 8:57am
Quoting refreshg
hello phanti.

as i understand now you dont look RSX to go long or short yes? oversold/overbought. you only see only levels where price turn..
well i dont trade rsx itself...i might use it for additional confirmation, but naked trading is the most important aspect here.

Demand.
Supply.
Hero calls followed by margin calls...
  • #1,672
  • Oct 10, 2011 8:57am Oct 10, 2011 8:57am
Today EUR going up and USD going down in every pair.
  • #1,673
  • Oct 10, 2011 9:13am Oct 10, 2011 9:13am
Quoting AbhijetPandi
Today EUR going up and USD going down in every pair.
yip ill reload shorts though
Hero calls followed by margin calls...
  • #1,674
  • Oct 10, 2011 9:16am Oct 10, 2011 9:16am
worth a try for swing,

r:r ~ 1:2 ..... main trend bearish, lot of supply up there. Ill sell higher if this one kisses my stops.

ill remain short as long as we stay below 3935.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.jpg Size: 137 KB


280 pips up today, guess we should see at least some correction at this h4 supply cluster to move stops to be...

thats the plan

lets c
Hero calls followed by margin calls...
  • #1,675
  • Oct 10, 2011 10:06am Oct 10, 2011 10:06am
Quoting PhAnTi'
worth a try for swing,

r:r ~ 1:2 ..... main trend bearish, lot of supply up there. Ill sell higher if this one kisses my stops.

ill remain short as long as we stay below 3935.

Attachment

Attachment

280 pips up today, guess we should see at least some correction at this h4 supply cluster to move stops to be...

thats the plan

lets c
triggered...lets c ;-p

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 130 KB
Hero calls followed by margin calls...
  • #1,676
  • Oct 10, 2011 10:31am Oct 10, 2011 10:31am
Quoting PhAnTi'
triggered...lets c ;-p

Attachment
lowered stop to 3702.

This is sick. This is forex

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 129 KB
Hero calls followed by margin calls...
  • #1,677
  • Oct 10, 2011 11:21am Oct 10, 2011 11:21am
Quoting PhAnTi'
lowered stop to 3702.

This is sick. This is forex

Attachment
I got in this alot earlier on the daily chart, im hanging on about a 60 pips loss right now, and im really confused of what's happening on eur usd

DO you have any ideea how such a good supply level could get ignored?
  • #1,678
  • Oct 10, 2011 11:23am Oct 10, 2011 11:23am
Quoting Dorobantu
I got in this alot earlier on the daily chart, im hanging on about a 60 pips loss right now, and im really confused of what's happening on eur usd
indeed..... anyway show me your setup, wheres ur stop and target? and why did u enter at price x?

regards
Jonas

Ps: my stop is 3702...still holding...
Hero calls followed by margin calls...
  • #1,679
  • Oct 10, 2011 11:29am Oct 10, 2011 11:29am
well guys, today is Bank Holiday in USD, JPY, CAD...why trading such a freaky market?
  • #1,680
  • Oct 10, 2011 11:36am Oct 10, 2011 11:36am
Quoting PhAnTi'
lowered stop to 3702.

This is sick. This is forex

Attachment

mhhhh....Phanti as you always say we have to wait for a clear reversal sign before we entered a trade. I dont see anything like this in H1, H4 and D1 ...of course it could be a positive trade at the end, but why going risky ...you remember: patience is everything (rather a safe trade, as a early trade
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