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Attachments: Buy sell line trading
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Buy sell line trading

  • #2,321
  • Jan 10, 2013 11:07am Jan 10, 2013 11:07am
Quoting SMcGuire45
Great trends on Yen pairs tonight!

nice to see you back... well done mate
tradewith60
  • #2,322
  • Jan 10, 2013 11:12am Jan 10, 2013 11:12am
Been backtesting like crazy over the holidays, everyone should have a look at outside bars on H1 tf.... with the ma's for trend they're very powerful

So rather than just engulfing open and close we're looking for the high and low to be engulfed.. as always though it MUST be at a swing point, allow the retrace first..
Attached Image
tradewith60
  • #2,323
  • Edited 12:45pm Jan 10, 2013 12:32pm | Edited 12:45pm
Quoting fisheggs
That is Awesome! almost 8R!

Olarion you seem to have this nailed, I will look over the charts myself however, would you able to put up some charts when you get a sec with entry and exits marked?

Congrats once again!
Here is one typical trade example from today with entry, exit and stop marked...GBP/AUD on H1.
I bailed out at the round number. Had I trailed my stop behind the last closed H1 candles, I would have gained +55 pips instead of +38 pips.

PS:
I forgot to mention I added the 10ema recently. So either I look for retracements to the 10ema or the 50lwma.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD_H1.png Size: 40 KB
  • #2,324
  • Jan 10, 2013 12:40pm Jan 10, 2013 12:40pm
Quoting 60minuteman
Been backtesting like crazy over the holidays, everyone should have a look at outside bars on H1 tf.... with the ma's for trend they're very powerful

So rather than just engulfing open and close we're looking for the high and low to be engulfed.. as always though it MUST be at a swing point, allow the retrace first..
You are so right, mate.
I like outside bars very much, they're almost as powerful as the engulfing pattern.

For the retracement as a MUST, I second that. Very important advice.
  • #2,325
  • Jan 10, 2013 12:42pm Jan 10, 2013 12:42pm
Quoting behrozfx
Hi Guys . I don,t know what is SMA indicator.? please help me i,m newbie here. If anybody have the indicators that we need add on chart from this method attach it please. thanks alot
behrozfx,

SMA = Simple Moving Average

All you need to do is add a 50 period (applied to close) Simple Moving Average. If you use MT4, click the "Indicators" button on the top menu bar, click Moving Average to get this box below. You can use a Simple or Linear Weighted. Hope that helps!
Attached Image
  • #2,326
  • Jan 10, 2013 12:48pm Jan 10, 2013 12:48pm
Quoting 60minuteman
nice to see you back... well done mate
Thanks 60MM! Good to be getting back in the saddle! Glad to see you're doing well.
  • #2,327
  • Jan 11, 2013 3:27am Jan 11, 2013 3:27am
Hi everyone,

Great thread. I was wondering if it's possible to search on only attachments
in a thread and how we do it?

I've been looking for an indicator that will email me when an engulf of a candle
body occurs.

Cheers

Simon
  • #2,328
  • Jan 11, 2013 3:28am Jan 11, 2013 3:28am
Quoting simond2002
Hi everyone,

Great thread. I was wondering if it's possible to search on only attachments
in a thread and how we do it?

I've been looking for an indicator that will email me when an engulf of a candle
body occurs.

Cheers

Simon

Click on the Pin button on the top row.
  • #2,329
  • Jan 11, 2013 3:32am Jan 11, 2013 3:32am
Quoting kashTrader
Click on the Pin button on the top row.
Ah ha. Cheers KashTrader
  • #2,330
  • Jan 11, 2013 3:42am Jan 11, 2013 3:42am
Quoting Olarion1975
Here is one typical trade example from today with entry, exit and stop marked...GBP/AUD on H1.
I bailed out at the round number. Had I trailed my stop behind the last closed H1 candles, I would have gained +55 pips instead of +38 pips.

PS:
I forgot to mention I added the 10ema recently. So either I look for retracements to the 10ema or the 50lwma.
==================================

Great trading Olarion !

When those two MA s come close together = pure gold (10 EMA and 50 WMA)
Attached Image (click to enlarge)
Click to Enlarge Name: bs.jpg Size: 96 KB
  • #2,331
  • Jan 11, 2013 3:46am Jan 11, 2013 3:46am
Hi all,

Can I ask, does anyone know if there is an indicator that will send an
email when the following criteria is reached?

I've searched this and various other threads and can't seem to find
anything that quite fits the bill.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: bullbear.jpg Size: 136 KB
  • #2,332
  • Jan 11, 2013 5:29am Jan 11, 2013 5:29am
Quoting Olarion1975
Here is one typical trade example from today with entry, exit and stop marked...GBP/AUD on H1.
I bailed out at the round number. Had I trailed my stop behind the last closed H1 candles, I would have gained +55 pips instead of +38 pips.

PS:
I forgot to mention I added the 10ema recently. So either I look for retracements to the 10ema or the 50lwma.
Thanks Olarion.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,333
  • Jan 11, 2013 5:58am Jan 11, 2013 5:58am
Quoting 60minuteman
Been backtesting like crazy over the holidays, everyone should have a look at outside bars on H1 tf.... with the ma's for trend they're very powerful

So rather than just engulfing open and close we're looking for the high and low to be engulfed.. as always though it MUST be at a swing point, allow the retrace first..
I often lurk here but don't post as I usually take entries from 15 min chart.

Just thought you might want to have a look at this and take it out for a spin. It alerts when there is a close higher/lower than previous 2 candle closes (i.e. does not necessarily engulf a wick) and 1 of the previous 2 closes must be in opposite direction.

So if buying 1 of the 2 prior closes must be red negative close. The idea is to try and alert to candles that revert to trend after retracements.

The arrow is shown above/below the candle that follows the trigger event.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
Attached File(s)
File Type: mq4 Reversal_3bars(2).mq4   6 KB | 464 downloads
  • #2,334
  • Jan 11, 2013 6:02am Jan 11, 2013 6:02am
Quoting Vantage
I often lurk here but don't post as I usually take entries from 15 min chart.

Just thought you might want to have a look at this and take it out for a spin. It alerts when there is a close higher/lower than previous 2 candle closes (i.e. does not necessarily engulf a wick) and 1 of the previous 2 closes must be in opposite direction.

So if buying 1 of the 2 prior closes must be red negative close. The idea is to try and alert to candles that revert to trend after retracements.

The arrow is shown above/below the candle that follows the trigger...
cool Vantage, I will give it a spin... nice to have traders such as yourself lurking
tradewith60
  • #2,335
  • Jan 11, 2013 7:28am Jan 11, 2013 7:28am
I love Fridays...
I am up +116 pips, 6 trades, 6 wins, 4.0R account growth today.

I exited conservatively at the next daily s/r line...4 trades on H1, 2 trades on H4.

Cheers,
Olarion
  • #2,336
  • Jan 11, 2013 7:29am Jan 11, 2013 7:29am
Quoting Olarion1975
I love Fridays...
I am up +116 pips, 6 trades, 6 wins, 4.0R account growth today.

I exited conservatively at the next daily s/r line...4 trades on H1, 2 trades on H4.

Cheers,
Olarion
Cool... Can you post some charts bro.
  • #2,337
  • Jan 11, 2013 7:45am Jan 11, 2013 7:45am
First post of a trade here for me. The green arrow up shows the close higher than the prev 2 candle closes(see the alert 4 posts above), back into trend. Entry and exit at the days open/yesterdays high combo. +39, 2nd trade of day 1st was CT.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 19 KB
  • #2,338
  • Jan 11, 2013 7:54am Jan 11, 2013 7:54am
Quoting kashTrader
Cool... Can you post some charts bro.
Sure, mate. Here are my trades for today...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCHF_H1.png Size: 34 KB
Click to Enlarge Name: GBPCHF_H1.png Size: 35 KB
Click to Enlarge Name: USDCHF_H1.png Size: 31 KB
Click to Enlarge Name: GPBCAD_H4.png Size: 31 KB
Click to Enlarge Name: GPBCHF_H4.png Size: 33 KB
  • #2,339
  • Jan 11, 2013 8:21am Jan 11, 2013 8:21am
Quoting Olarion1975
Sure, mate. Here are my trades for today...
Nice trades Olarion, people should note the position of the entries in respect to the MA's... the best trend entries occur near the ma's after a retrace... good stuff mate
tradewith60
  • #2,340
  • Jan 11, 2013 8:27am Jan 11, 2013 8:27am
Hi 60minutes and olarion and other guys. Mr 60 and Olarion if u attach the indicators or tmp here thanks.
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