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Using the DASR for successful trading

  • #601
  • Aug 13, 2012 3:38am Aug 13, 2012 3:38am
Quoting jmtini
2 good stoch signals today.

However the chart is not great on EURUSD as we had a huge range during the night and the MA's are not lined up nicely for a safe trade IMHO.

When we start the trading day and open the chart we really want to see a nice small Asian trading range as well as price action not breaking through our 1 hr vegas EMA lines (blue and white lines)

Hi jmtini -- The stoch. entry system seems an interesting signal. The first white arrow on the chart is further to the right than the stoch. that indicated the trade , so my question is what trigger would you use to enter the trade once the the stoch. had highlighted a trade set up ?

Many thanks.
  • #602
  • Aug 13, 2012 3:55am Aug 13, 2012 3:55am
Quoting klw
Hi jmtini -- The stoch. entry system seems an interesting signal. The first white arrow on the chart is further to the right than the stoch. that indicated the trade , so my question is what trigger would you use to enter the trade once the the stoch. had highlighted a trade set up ?

Many thanks.
Hi klw

I would wait for the Stoch lines to cross which would be matched by 1 or 2 down candles. Sorry my white arrows were not drawn correctly (I drew them by hand!)

Guys I have gone short CHFJPY - better looking chart. Price action bounced down back off daily pivot point level (green line)
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy 5 min.gif Size: 21 KB
  • #603
  • Aug 13, 2012 6:47am Aug 13, 2012 6:47am
Well I got stopped out on my CHFJPY short as the european currencies are very strong this morning!

I have another great breakout strategy which uses "hidden pendings" and picked up 60 pips. I place a pending on the other side of the 20 SMA on the 4 hr chart - sometimes on the 1 hr chart too. Also you can do it to catch breakouts above/below Asian trading session lines (red and blue horizontal lines on our chart.) I've attached a simple 4hr chart which I use for this strategy.

On the 5 min price action broke through the Asian trading ceiling and we had a nice bounce off the 20 SMA backed up by our stoch strategy. MACD was useless because price action did not retrace enough. Maybe later it will and we'll get a big red arrow!

PS: DON'T USE THAT "ENTRY" INDICATOR I POSTED ABOVE - IT'S USELESS!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4 hr chart.gif Size: 17 KB
Click to Enlarge Name: eurusd 5 min.gif Size: 21 KB
  • #604
  • Aug 13, 2012 9:36am Aug 13, 2012 9:36am
Well did anyone catch that "big red arrow" signal early this morning? Actually worked out perfectly - I missed it I'm afraid!

Nice signal off our "MA bounce candle" 62 EMA which was reflected by the MACD and stoch. If you backtest you'll see that this is a great MA for entering trades that very often work out really well! Also this is exactly the kind of trade we need our bounce_off_ma EA for! It's interesting to note that before we got the bounce off the 62 EMA, price action substantially broke through the 20 SMA which was a "warning" that we could possibly expect a drop down to the 62 EMA

Forgot to mention of course that a pending buy order placed just above our horizontal blue line (Asian high) to catch a possible breakout would have yielded quite a few pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 5 min.gif Size: 25 KB
  • #605
  • Aug 13, 2012 11:53am Aug 13, 2012 11:53am
Well the bulls ran out of steam this afternoon!!


Anyway having a look at EURJPY we see a buy signal early this morning that eventually worked out really well when the MACD changed colour and we got a great "bounce" off our 62 "bounce of MA" EMA indicator!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 5 min.gif Size: 24 KB
  • #606
  • Aug 13, 2012 12:02pm Aug 13, 2012 12:02pm
So on EURJPY and GBPUSD we got bounces off our main "bounce" indicator (62 EMA) which on the former pair would have yielded 50 pips and on the latter around 30.

ON EURUSD the upmove was more of a breakout with no significant retracement except off the 20 SMA if we were there to take advantage. Otherwise with our pending order strategy (above the blue line - high of Asian session or above the 20 SMA on the 4 hr chart) we would have scored very nicely indeed!


OK so we may not have picked up anything today on our live account if we're still testing out the system - but it's a learning curve!
  • #607
  • Aug 14, 2012 2:05am Aug 14, 2012 2:05am
Hi everyone

Euro and Swissie looks bullish today. Looking for nice bounce off our 62 EMA "bounce" indicator soon on EURUSD, EURJPY and CHFJPY

Cable (GBPUSD) looks dangerous as news at 9.30am
  • #608
  • Aug 14, 2012 2:39am Aug 14, 2012 2:39am
Well EURUSD bounced beautifully had 3 trades open - nice one!

CHFJPY and EURJPY still moving up too quickly to even bounce off 20 SMA!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5 min.gif Size: 20 KB
  • #609
  • Aug 14, 2012 4:16am Aug 14, 2012 4:16am
OK we just got a bounce off the 62 EMA have gone long for min 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 5 min.gif Size: 21 KB
  • #610
  • Aug 14, 2012 4:25am Aug 14, 2012 4:25am
That was quick!

Took my 10 pips profit

Nice day so far - that's 70 pips (including 60 pips EURUSD - my 3 positions)
  • #611
  • Aug 14, 2012 4:31am Aug 14, 2012 4:31am
Well blow me down! Just got a signal on GBPUSD with a suggested TP of 5715

So I'm giving it a go! Anyone else got it on their charts??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 5 min.gif Size: 21 KB
  • #612
  • Aug 14, 2012 6:51am Aug 14, 2012 6:51am
Quoting jmtini
Well blow me down! Just got a signal on GBPUSD with a suggested TP of 5715

So I'm giving it a go! Anyone else got it on their charts??
Hi jmtini,
Nice adaption of Paulus 1m1t model. Have just begun following and would appreciate if you could please explain the purpose of the Bounce Indicator.
I can see that you are using the p1m1t signnal, but not sure how the Bounce Indicator fits in.
EP
  • #613
  • Aug 14, 2012 7:04am Aug 14, 2012 7:04am
Quoting EaglePip
Hi jmtini,
Nice adaption of Paulus 1m1t model. Have just begun following and would appreciate if you could please explain the purpose of the Bounce Indicator.
I can see that you are using the p1m1t signnal, but not sure how the Bounce Indicator fits in.
EP
Hi Eaglepip

I am using the "bounce_off_MA" 62 EMA indicator to initiate trades as it tends to work well on the 5 min chart. Obviously it's NOT going give us 100% but it does work a lot more then 50% of the time. Have a look at the charts above (posts 604, 605, 608, 609) to get an idea of the opportunities it presents.
  • #614
  • Aug 14, 2012 7:07am Aug 14, 2012 7:07am
Just gone long EURJPY. Got a signal earlier on.

Trying to get 10 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 5 min.gif Size: 22 KB
  • #615
  • Aug 14, 2012 7:13am Aug 14, 2012 7:13am
OK just closed for my 10 pips on 2 positions - that took about 14 mins!!
  • #616
  • Edited 9:58am Aug 14, 2012 7:20am | Edited 9:58am
Back in EU guys for two positions.

Nice divergence on the Stoch and with the GU breakout, EU should follow IMHO!


Only for 10 pips X 2 of course

Annoyed that I closed out my GBPUSD long just now of course!!!
  • #617
  • Aug 14, 2012 8:23am Aug 14, 2012 8:23am
Well you can't win them all - shows how dangerous it is to take trades off our ultimate support line - usually only a 50/50 chance of success.


When price action breaks through our ultimate support level one can of course go up to the 15 min chart. On cable it shows a nice bounce off the daily pivot as well as the 15 min support level at around 15680. Trying 2 longs from these levels with SL just below the daily pivot at 15680
  • #618
  • Aug 14, 2012 9:57am Aug 14, 2012 9:57am
Stopped out GBPUSD

Miserable afternoon but great morning!!

Good lesson to leave out the 15 min chart - only concentrate on the 5 min
  • #619
  • Aug 15, 2012 1:02am Aug 15, 2012 1:02am
Quoting jmtini
Hi Eaglepip

I am using the "bounce_off_MA" 62 EMA indicator to initiate trades .....
I applied the indicator to a fresh chart and can see that it only plots an envelope around the 62Ema. The name gave the impression that it was also putting out a signal. LOL.
ep
  • #620
  • Aug 15, 2012 2:55am Aug 15, 2012 2:55am
Quoting EaglePip
I applied the indicator to a fresh chart and can see that it only plots an envelope around the 62Ema. The name gave the impression that it was also putting out a signal. LOL.
ep

Hi Eaglepip

Don't know if you've read all the posts above buy it's supposed to be used in conjunction with it's EA. I never said that the indicator gave an alert but it would be great if it did. However the EA can be set up to give out an alert when it hits the price envelope.
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