True Trading Tactics | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Carpe diem: Intraday tactics for Dax and Dow 54,658 replies

What tactics will prevent getting hurt in enormous swings? 7 replies

NEWBIE Tactics! 18 replies

S/R Trading tactics 4 replies

True Range Trading 2 replies

Attachments: True Trading Tactics
Exit Attachments

True Trading Tactics

  • #401
  • Feb 16, 2012 2:15am Feb 16, 2012 2:15am
Quoting BJ1
Would an A/U long be a valid trade right now on the 1hr chart?
i think it's a valid signal but turned out to be false. i find that this system works best after the london market opens (0700h). hope this helps
  • #402
  • Feb 16, 2012 2:37am Feb 16, 2012 2:37am
@ kraven.

I presume what has just happened on EUR invalidates the setup??

We had a reversal candle, but then the next candle broke down below it:
Attached Image
  • #403
  • Feb 16, 2012 2:38am Feb 16, 2012 2:38am
A/U maybe not a signal to the letter of law,as the pinbar that printed the low did not change colour on closing?
  • #404
  • Feb 16, 2012 2:57am Feb 16, 2012 2:57am
Quoting FOURX
A/U maybe not a signal to the letter of law,as the pinbar that printed the low did not change colour on closing?
BJ1 posted that qn about AU a couple of hours ago. he's referring to the reversal candle at 0300h, not the one at 0600h. i agree the 0600h candle is not a reversal candle on account of colour.
  • #405
  • Feb 16, 2012 3:03am Feb 16, 2012 3:03am
entered long on GU (1.5689) and EJ H1 (102.45) based on reversal candle at 0700h although the candle bodies are pretty long. let's see how it goes...
  • #406
  • Feb 16, 2012 3:07am Feb 16, 2012 3:07am
Quoting Omd
BJ1 posted that qn about AU a couple of hours ago. he's referring to the reversal candle at 0300h, not the one at 0600h. i agree the 0600h candle is not a reversal candle on account of colour.
sorry, I agree with you then Omd,it would have possibly been a signal but it did not break the high by a couple of pips?
  • #407
  • Feb 16, 2012 4:03am Feb 16, 2012 4:03am
Quoting kraven
hope this answers your questions

sorry kraven, but it hasnt answered my question.
  • #408
  • Feb 16, 2012 5:06am Feb 16, 2012 5:06am
not too sure about you guys, but iam finding it difficult to spot signals on the 1hr eu chart. nothing for the past 4 days
  • #409
  • Feb 16, 2012 5:14am Feb 16, 2012 5:14am
Quoting whatfx
not too sure about you guys, but iam finding it difficult to spot signals on the 1hr eu chart. nothing for the past 4 days
Hello. 07:00 GMT yesterday. Turned out to be plum. I missed it though as I tend to wait till London opening and am just testing this strategy.

Cheers
  • #410
  • Feb 16, 2012 5:20am Feb 16, 2012 5:20am
There will always be anomolies beacuse of different brokers.
  • #411
  • Feb 16, 2012 5:21am Feb 16, 2012 5:21am
Yeah, yesterday's deal on EU turned out to be a cracker!

Whatfx - if you don't see any signals, you don't trade. It really is that simple!!

Not having a position is having a position.

I'm happy to wait a week for a signal.

With proper position sizing, you only need a couple of trades a WEEK.

So be patient! It's a key ingredient in your makeup as a trader
  • #412
  • Feb 16, 2012 5:43am Feb 16, 2012 5:43am
Hi. I've done some back-testing on GU H1 and am having trouble with chart saving. I know it is really simple but if anyone can just tell me which type of chart I am to save on MT4 I would really appreciate it.

Cheers
  • #413
  • Feb 16, 2012 5:55am Feb 16, 2012 5:55am
Quoting Chulmleigh
Hi. I've done some back-testing on GU H1 and am having trouble with chart saving. I know it is really simple but if anyone can just tell me which type of chart I am to save on MT4 I would really appreciate it.

Cheers
Think I've got it...we'll see.
  • #414
  • Edited 8:02am Feb 16, 2012 6:12am | Edited 8:02am
Ok. Here goes!

GBP/USD H1 6th Jan 2012 to 30th Jan 2012
35 set ups
3 Not Triggered (NT)
Total Pips +305
Assumed all trades taken without any other reference than KRC
All trades taken immediately on KRC breakout
All stops at top or bottom of KRC
All Profit or Loss taken at 1:1 or at competing KRC
Spread not accounted for so BE is probably a loss
Sundays ignored
Continuation swings not taken
Notes
(1)Probably triggered but perhaps taken loss and Dead Stop.
Counted as -49 pips
(2)Perhaps lower low would have invalidated signal. Counted as -34
(3)Can’t tell what might of happened so left out
(4)Took 16 hours
(5)19 hours to entry. Counted as cancelled

If today gets any more boring I might take a look at something else
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp test 1.gif Size: 29 KB
Click to Enlarge Name: gbp test 2.gif Size: 30 KB
Click to Enlarge Name: gbp test 3.gif Size: 30 KB
  • #415
  • Feb 16, 2012 6:34am Feb 16, 2012 6:34am
Thank you Chulmleigh.

If you get time, could you do the same for E/U?

Many thanks,
Paul.
  • #416
  • Feb 16, 2012 6:40am Feb 16, 2012 6:40am
Quoting liamg4x
Thank you Chulmleigh.

If you get time, could you do the same for E/U?

Many thanks,
Paul.
Yeah, I want to for my own benefit anyway and as F all is going on at the mo I probably will. Have randomly begun GBP/AUD as I want to follow several pairs anyway. I will edit the post to include that continuation swings are not added in but they should be considered though on trading this system.

Cheers.
  • #417
  • Feb 16, 2012 6:49am Feb 16, 2012 6:49am
I had a buy stop on Cable, but have cancelled now due to ranging action.....
Attached Image
  • #418
  • Feb 16, 2012 6:59am Feb 16, 2012 6:59am
seems wise.
  • #419
  • Feb 16, 2012 7:38am Feb 16, 2012 7:38am
Quoting Omd
entered long on GU (1.5689) and EJ H1 (102.45) based on reversal candle at 0700h although the candle bodies are pretty long. let's see how it goes...
Are you still holding the EJ position?
  • #420
  • Feb 16, 2012 7:43am Feb 16, 2012 7:43am
Possible Cable and Swissy anyone at end of this candle?
0 traders viewing now