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Reverse your trades = Profits

  • #41
  • Dec 11, 2012 6:49pm Dec 11, 2012 6:49pm
Hi OutscalpMe,

Impressive results...cheers!


Quoting OutscalpMe
Good evening. What you've mentioned is how I ACTUALLY trade. I have attached one of my accounts here for you to see the results and how I do it. I simply use pending orders to catch the reversals when they occur. The most important part of trading that way is to realize you have no bias towards any direction. You're simply allowing price action to grow your account.
  • #42
  • Dec 11, 2012 8:05pm Dec 11, 2012 8:05pm
Quoting Fxbay
Hi OutscalpMe,

Impressive results...cheers!
Thank you very much. Im hoping to keep it up.
  • #43
  • Dec 11, 2012 9:05pm Dec 11, 2012 9:05pm
Quoting Fxbay
Hi Ronald, This strategy is about "reverse trades" . we are looking for support (buy) and Resistance (Sell). But you need to have different TF to understand the trends...

Please explain what you meant by "But you need to have different TF to understand the trends..."
i.e. how do you the information from different TF in your trading using this indicator. Thanks
  • #44
  • Dec 11, 2012 9:17pm Dec 11, 2012 9:17pm
Hi aelimian,

Kindly add "Heiken Ashi" indicator into your chart to identify the trend or rebounce from Supp/Resis levels. use : 1min TF and 15min TF (short term scapling) or 1hr TF and 4hr TF. Keep it simple and clean so that you can catch the "reverse trades"..See example chart below!
happy pips!!!

Quoting aelimian
Please explain what you meant by "But you need to have different TF to understand the trends..."
i.e. how do you the information from different TF in your trading using this indicator. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 42 KB
  • #45
  • Dec 11, 2012 9:40pm Dec 11, 2012 9:40pm
Latest GBP/JPY 1min/30min TF charts.. match both to identify the "Reversing trades". Ready to entry "SELL" once it reverse to red candle. *Note : SL 133.285
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy1mins.gif Size: 39 KB
Click to Enlarge Name: gbpjpy30mins.gif Size: 31 KB
  • #46
  • Dec 11, 2012 11:08pm Dec 11, 2012 11:08pm
GBP/JPY 30TF Chart....looking for next red candle to SELL.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy30mins.gif Size: 31 KB
  • #47
  • Dec 12, 2012 1:28am Dec 12, 2012 1:28am
AUD/USD chart looking around resistance Zone....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 40 KB
  • #48
  • Dec 12, 2012 3:57am Dec 12, 2012 3:57am
Quoting Fxbay
latest GBP/JPY chart looking for entry SELL....SL 123.75. Resistance is too hot. BE or TP15pips. We trade 1 standard lot!!!!
Note : Once Support and Resistance is too close..You may choose to stay out till break-out.
TP!!!!!!TP!!!!!!!TP!!!!!!! DONE!
Do you use on M1,M5 only? Is that indicator repaint?
  • #49
  • Dec 12, 2012 4:03am Dec 12, 2012 4:03am
Hi Ronald,
For short term trades use M1 and M15 with standard lot size. You can use M15 and H1 too. Hi Guys, dont worry about repaint. many indicators has this problem but we use "Heiken Ashi" indicator to double confirm the trend too. This strategy set with tight SL.

Quoting ronald_fsm
Do you use on M1,M5 only? Is that indicator repaint?
  • #50
  • Edited 5:35am Dec 12, 2012 5:21am | Edited 5:35am
NOTE : L"Shape Signal never go wrong (happen mostly on EUR/USD only).. highly profitable !! Try it, Guys.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
  • #51
  • Dec 12, 2012 6:05am Dec 12, 2012 6:05am
Tips : "40 degree" Reverse Trades...show on chart. trade 30TF only.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB
  • #52
  • Edited 4:45am Dec 13, 2012 4:23am | Edited 4:45am
Potential SELL signal for EUR/USD as follow:~ We had improve version on Colour candle to tell us trending market. Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 40 KB
  • #53
  • Dec 13, 2012 6:33am Dec 13, 2012 6:33am
Trade Opportunity for GBP/JPY chart.. looking to SHORT any moment once red candle appear!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 43 KB
  • #54
  • Dec 13, 2012 12:57pm Dec 13, 2012 12:57pm
Quoting Fxbay
Trade Opportunity for GBP/JPY chart.. looking to SHORT any moment once red candle appear!!!!
Hi, FxBay: where do you get the GREEN RED CANDLE software? Also: can you react to my previous message from Dec11 @ 7.51am.
Thanks in advance
Bern
  • #55
  • Edited 6:48pm Dec 13, 2012 6:07pm | Edited 6:48pm
Hi bernbeach, As your requests, what happen is we trade the support(BUY) and resistance(SELL) on 15min TF , 1hr TF , 4hr TF and Daily TF. PL/Profits target is change of candle colour.
The longer the TF is better. but may take patience and lots of waiting time for trade set up.
Once price move to example support zone(Blue colour) we will be waiting to BUY when the colour of candle change from red to green from rebounce..it's so simple and easy.

The indicators is provided as attached. Try it!

We hope it might help!

Happy Pips...

Quoting bernbeach
Hi Fxbat, gd morning

Lks great your thread. I do NOT get the clue. Still functionning in old mindset . Plse explain in detail; Rgds Bern,
Attached File(s)
File Type: ex4 ZB-CloudCandles.ex4   8 KB | 278 downloads
File Type: ex4 SupDem.ex4   13 KB | 257 downloads
  • #56
  • Edited 6:32pm Dec 13, 2012 6:18pm | Edited 6:32pm
Hi bernbeach, we include example of current GBPJPY daily TF for you. At this moment on GBPJPY pair, we looking for new SELL position till red candle appear for us we entry. Good Pips...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 47 KB
  • #57
  • Dec 14, 2012 3:37am Dec 14, 2012 3:37am
Quoting Fxbay
Hi bernbeach, we include example of current GBPJPY daily TF for you. At this moment on GBPJPY pair, we looking for new SELL position till red candle appear for us we entry. Good Pips...
Thanks a lot, FxBay. Very precious indeed the S&B zones of SupDem. Not the red/green candle. I use another indicator wich is the BLUEWAVE @ 21 periods incombination with D-Mark trend lines. See enclosure of ex. & chart. Enjoy. Bern
Attached File(s)
File Type: ex4 BW.ex4   3 KB | 276 downloads
File Type: csv EURAUD15.csv   206 KB | 289 downloads
  • #58
  • Dec 14, 2012 4:38am Dec 14, 2012 4:38am
Very interesting thread. Will follow your analysis, charts.... Good luck
  • #59
  • Dec 14, 2012 7:04am Dec 14, 2012 7:04am
Spikes!!!!!!! That's an reversing trades set up too!!!....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #60
  • Dec 14, 2012 9:39pm Dec 14, 2012 9:39pm
Quoting Fxbay
Spikes!!!!!!! That's an reversing trades set up too!!!....
Is the checklist icon in red colour an indicator or you draw manually? thanks for info
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