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  • #421
  • Feb 24, 2012 5:10am Feb 24, 2012 5:10am
Quoting DrLobo
ok in which case your SL should have been above the 2.
therefore you should not have lost so many pips.

But end of the day ... if market is moving one way and you are going the other even if thats what these indicators are saying then you are going to loose.
In the matter of SL you are right.

When trading day is begining we never know if first move is only introduction of big move or just swing. I try to catch swings like HH show us on last 2 pages of this thread. Thats why i entered short when price crossed MA, and stoch down.

By the way, if i had BB MACD on my screen i would not be allowed to enter trade.
  • #422
  • Edited 7:46am Feb 24, 2012 5:51am | Edited 7:46am
lets see, all indicators are go, the setup chart is on the 1hr as you can see huge bearish move and trigger is placed on the 15 min all indicators just got bearish from the pull back.

The setup chart is from Hector DeVille. and I am using this scalping strategy as the trigger.

http://content.screencast.com/users/...02-24_1148.png


1) Update on this trade looks like its going to be a loosing trade no new lows were created and now its bouncing back up attacking my SL placed behind the 3
  • #423
  • Feb 24, 2012 9:13am Feb 24, 2012 9:13am
HH

Come over from Dredds thread. I like this system......

Entry on red line. Think I am doing something right. Hardest part is filtering out the chop.

D
Attached Image (click to enlarge)
Click to Enlarge Name: eu2402hh.gif Size: 28 KB
  • #424
  • Feb 24, 2012 10:13am Feb 24, 2012 10:13am
not sure if you are doing it right unless prior to this move you was stopped out on a long and short entry ?

And i dont see any evidence to suggest that you are trading with the trend and how you determined what the trend was.


Quoting rossobonks
HH

Come over from Dredds thread. I like this system......

Entry on red line. Think I am doing something right. Hardest part is filtering out the chop.

D
  • #425
  • Feb 24, 2012 10:33am Feb 24, 2012 10:33am
Quoting DrLobo
And i dont see any evidence to suggest that you are trading with the trend and how you determined what the trend was.
He has HA of 4 timeframes on his chart, so we may say that he is trading very much with the trend. Very solid setup.
  • #426
  • Edited 11:01am Feb 24, 2012 10:57am | Edited 11:01am
This 'Trend' thing can be hard work to suss out at first. But here is my take on it...

I think if we are trading the 1min swings you shouldnt look any further higher than the 5m TF. After all we are trying to take a small part of the swing on the 5m chart whilst ignoring tops n bottoms.

Any comments would be greatly appreciated.

D

P.S The 4HA MTF is a smoothed version. Not sure if I am keeping it on my charts yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2402.jpg Size: 121 KB
  • #427
  • Feb 24, 2012 12:52pm Feb 24, 2012 12:52pm
Hello all, i finished reading the thread today and let me tell you, i like it, but what i like the most it's the psicological approach that HH is preaching here, there is really no need to complicate things, just pull the trigger at the right time and the right price, even with just 1 indicator we can be very profitable, HH i have a system of my own which i use on 1H and 4H, what you gave me here with your system is a hell of a trigger for my system which i have been testing this past two days and let me tell you it seems this is a gold mine, i have attached a chart where i marked the entry of my system on H1 and then go down to the 5M to pull the trigger with yours... (a little tweaked and some other indis i use), if its ok with you i can share my knowledge on your thread because in the end this is for helping each other right?, anyway i do not wat to confuse the readers with another stuff, so i will post my chart as i am using it right now...i had signals with my system and as soon as i got them i went with yours on the 5M chart to pin point my entry, here they are
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01 EURUSD 22nd.jpg Size: 121 KB
Click to Enlarge Name: 01 EURUSD 24TH.jpg Size: 93 KB
  • #428
  • Feb 24, 2012 12:57pm Feb 24, 2012 12:57pm
Quoting rossobonks
This 'Trend' thing can be hard work to suss out at first. But here is my take on it...

I think if we are trading the 1min swings you shouldnt look any further higher than the 5m TF. After all we are trying to take a small part of the swing on the 5m chart whilst ignoring tops n bottoms.

Any comments would be greatly appreciated.

D

P.S The 4HA MTF is a smoothed version. Not sure if I am keeping it on my charts yet.

Rossobonks,
Can you post your 4HA MTF indicator?

Thanks.
  • #429
  • Feb 24, 2012 1:03pm Feb 24, 2012 1:03pm
Quoting DrLobo
without knowing where price is going then trading in the wrong direction means you will hit SL. Thats not the problem however because its ok to loose. However the problem is where market is going sideways these trades tends to hit my SL.

Problem is that market is bipolar ... 50% of time it is trending and 50% its going sideways.

So I estimate you got a 25% chance of winning.

Why ?

Well because sideways you loose and in the trending market lets say you get 50% of the calls right and 50% you might be going the wrong direction. If you think that...
It is fine to trade the 1 min in a sideways market, the key is the 1 min channel has to be wide enough to make some pips with.

It is awfully difficult to get 5 or more pips if the channel is only 8 pips wide and the spread is 3 or 4 pips lol
  • #430
  • Feb 24, 2012 1:08pm Feb 24, 2012 1:08pm
Quoting robby2007
Hello all, i finished reading the thread today and let me tell you, i like it, but what i like the most it's the psicological approach that HH is preaching here, there is really no need to complicate things, just pull the trigger at the right time and the right price, even with just 1 indicator we can be very profitable, HH i have a system of my own which i use on 1H and 4H, what you gave me here with your system is a hell of a trigger for my system which i have been testing this past two days and let me tell you it seems this is a gold mine, i...
Glad to have you aboard robby2007.

Share away, I learned how to trade by other people sharing their little tricks and secrets. Please if you want to trade 1 hr, watch the daily open lines that I have mentioned previously.
  • #431
  • Feb 24, 2012 1:10pm Feb 24, 2012 1:10pm
Quoting rossobonks
This 'Trend' thing can be hard work to suss out at first. But here is my take on it...

I think if we are trading the 1min swings you shouldnt look any further higher than the 5m TF. After all we are trying to take a small part of the swing on the 5m chart whilst ignoring tops n bottoms.

Any comments would be greatly appreciated.

D

P.S The 4HA MTF is a smoothed version. Not sure if I am keeping it on my charts yet.
you got it rossobanks. Any mtf indicator you can use to determine 5 min direction is good for the 1 min. As you move up time frames, you move your mtf indicator with them.
  • #432
  • Edited 1:25pm Feb 24, 2012 1:14pm | Edited 1:25pm
Finally what I had hoped for, interesting conversations about trading a method. I don't care what system you use for trading, it is a concept that I am teaching. Trading is a very visual thing, If you can recognize certain patterns that happen over and over again, soon it becomes easy to take trades from those patterns.

With MTF indicators to guide you, it even gets easier.

@ Robby2007, I was in the EUR trade also
  • #433
  • Feb 24, 2012 4:50pm Feb 24, 2012 4:50pm
@ Joao

I have been trading less than a year so I am by no means an expert here among this crowd of fantastic traders. Since I discovered the semafors I have been a fan and have been following any thread that may help me improve on using them. Having said that, I used to get faked out a lot with the semafors, especially in a very strong trend movement like yesterday.

Now I use the ArrZZx2 with the semafor. I only get in the trade if an area of support or resistance is formed with the semafor. The ArrZZx2 also forms a little blue "x" to warn you to get out if direction is unsure. As I only trade the 5 min and the 1 min this is important to me so I can get out and then jump back in when the trend continues. This has worked for me. I hope it helps you.

I will try to upload here but if it doesnt work, I may need instructions.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 1 min.jpg Size: 165 KB
Attached File(s)
File Type: ex4 ArrZZx2.ex4   15 KB | 1,168 downloads
  • #434
  • Feb 24, 2012 10:47pm Feb 24, 2012 10:47pm
Quoting hharrington
You are like most people learning to trade, you have not learned the nuances of trading the shorter time frames.

It takes loads of screen time and practice, which I think I mentioned in the first part of this thread.
You should post that in red capital letters in the first post.

Some people just DO NOT have what it takes to become a trader; not everybody will make it to become a surgeon.
  • #435
  • Edited 7:54am Feb 25, 2012 6:01am | Edited 7:54am
Quoting rossobonks
This 'Trend' thing can be hard work to suss out at first. But here is my take on it...

I think if we are trading the 1min swings you shouldnt look any further higher than the 5m TF. After all we are trying to take a small part of the swing on the 5m chart whilst ignoring tops n bottoms.

Any comments would be greatly appreciated.

D

P.S The 4HA MTF is a smoothed version. Not sure if I am keeping it on my charts yet.
Find a mtf trend indicator, geez i just happen to have one. Put it on your chart and set it to the next time frame up. Pick a number that you like,,7 9, 20 21 etc, use it as your line in the sand. If you are above it trade long, below it trade short.
Attached File(s)
File Type: mq4 T3 clean.mq4   6 KB | 1,345 downloads
File Type: ex4 T3 clean.ex4   7 KB | 1,107 downloads
  • #436
  • Feb 25, 2012 7:08am Feb 25, 2012 7:08am
For the newbies here is an example of how to use the T3 clean. If you use it you don't need the mtf heiken ashi in bottom window.

HH
Attached Image (click to enlarge)
Click to Enlarge Name: t3 example.gif Size: 71 KB
  • #437
  • Feb 25, 2012 11:38am Feb 25, 2012 11:38am
Quoting hharrington
Glad to have you aboard robby2007.

Share away, I learned how to trade by other people sharing their little tricks and secrets. Please if you want to trade 1 hr, watch the daily open lines that I have mentioned previously.
Thanks HH, i will be trying to contribute, i do have your open lines in mind, i just don't plot it on my charts as i like to have them as clean as possible the EURUSD shot up beautifully...
I aslo wanted to mention that i like to hold my trades as much as possible, catch between 20 and 100 - 150 pips, (1H - 4H swings) since i can't spend too much time to be on the screen, so i'll share my swing system later on when i finish testing up the entries and TPs on the 5M...
  • #438
  • Feb 25, 2012 11:39am Feb 25, 2012 11:39am
Quoting robby2007
Thanks HH, i will be trying to contribute, i do have your open lines in mind, i just don't plot it on my charts as i like to have them as clean as possible the EURUSD shot up beautifully...
I aslo wanted to mention that i like to hold my trades as much as possible, catch between 20 and 100 - 150 pips, (1H - 4H swings) since i can't spend too much time to be on the screen, so i'll share my swing system later on when i finish testing up the entries and TPs on the 5M...
Fantastic
  • #439
  • Feb 25, 2012 12:24pm Feb 25, 2012 12:24pm
forgot to post settings for ArrZZ:
SR- 3
SRZZ- 30
MainRZZ - 50

Again...I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud.jpg Size: 164 KB
  • #440
  • Feb 25, 2012 4:33pm Feb 25, 2012 4:33pm
Quoting XStorm
@ Joao

I have been trading less than a year so I am by no means an expert here among this crowd of fantastic traders. Since I discovered the semafors I have been a fan and have been following any thread that may help me improve on using them. Having said that, I used to get faked out a lot with the semafors, especially in a very strong trend movement like yesterday.

Now I use the ArrZZx2 with the semafor. I only get in the trade if an area of support or resistance is formed with the semafor. The ArrZZx2 also forms a little blue "x" to warn...
Xstorm, I like your chart and the way you are using HHs method. If its ok with HH could you share your template.
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