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Simple Market Flow Trading System

  • #41
  • Jan 9, 2014 4:08am Jan 9, 2014 4:08am
See a good example on EURUSD
Price is close to resistance
A bearish pin bar has formed
We would be placing a trade based on that pin bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Sell EU.png Size: 46 KB
  • #42
  • Jan 9, 2014 4:13am Jan 9, 2014 4:13am
Quoting ochuko
Hi Lucariga, nice observation there. If you look at the GBPCHF daily time frame, you will notice a break of the fractal flow up. If you also take note, you will notice a continuous break of the fractal flow, so each break signifies a change in the flow. With regards to the GBPCHF, it can also be called fractal continuation. {image}
Crystal clear.

What are your rules for Pin Bars entry? Breakout of the low?
SL above Pin's high?
  • #43
  • Jan 9, 2014 4:18am Jan 9, 2014 4:18am
Quoting lucariga
{quote} Crystal clear. What are your rules for Pin Bars entry? Breakout of the low? SL above Pin's high?
Yes
  • #44
  • Jan 9, 2014 5:11am Jan 9, 2014 5:11am
I like your approach clean charts and using the Day frames as the main direction I hope you do not mind if I can stick around to learn what you are willing to show us, thank you for your time
  • #45
  • Jan 9, 2014 5:45am Jan 9, 2014 5:45am
Quoting Davidj1234
I like your approach clean charts and using the Day frames as the main direction I hope you do not mind if I can stick around to learn what you are willing to show us, thank you for your time
This is a simple system. It is trend following devoid of any form of ambiguity.
  • #46
  • Jan 9, 2014 7:10am Jan 9, 2014 7:10am
Quoting ochuko
See a good example on EURUSD Price is close to resistance A bearish pin bar has formed We would be placing a trade based on that pin bar. {image}

how did you choosed your resistance? a lot of candles passed through. I read somewhere that when it breaks multiple times its no longer valid?
  • #47
  • Jan 9, 2014 7:16am Jan 9, 2014 7:16am
Quoting mario777
{quote} how did you choosed your resistance? a lot of candles passed through. I read somewhere that when it breaks multiple times its no longer valid?
See the daily fractal break
  • #48
  • Jan 9, 2014 7:22am Jan 9, 2014 7:22am
Quoting ochuko
{quote} See the daily fractal break
I see. Thanks! it seems this is a loss now.
  • #49
  • Jan 9, 2014 7:27am Jan 9, 2014 7:27am
Gold is moving in our direction. So far in profit. EURSD hit SL. -22pips
  • #50
  • Jan 9, 2014 7:41am Jan 9, 2014 7:41am
EURUSD and USDCHF looks good to re-enter.
  • #51
  • Jan 9, 2014 8:19am Jan 9, 2014 8:19am
Our GBPCHF went ahead to hit profit.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchflive.png Size: 57 KB
  • #52
  • Jan 9, 2014 8:35am Jan 9, 2014 8:35am
This is EURUSD. See how price reacted around our entry area and went down to hit our potential take profit area. Though this trade was not a winner, but a good example to show you how this system works
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdlive.png Size: 41 KB
  • #53
  • Jan 9, 2014 8:41am Jan 9, 2014 8:41am
If you have any question, observations or suggestions, I would be glad if you post it here so that we can all learn and improve this system.
  • #54
  • Jan 9, 2014 9:05am Jan 9, 2014 9:05am
Interesting method. I'm new to trading but i do like this method that follows the trend. Been looking at a few other systems as well but i will keep this one top of my watchlist.

I was watching UC and EU for this trade and noticed that if there hadn't been the US unemployment claims news going on, it would had probably hit it's target instead of SL.

So about re-entering. What are your rules? Do you normally re-enter in the targeted zone and wait for a pullback if it's out of the zone, or based on candle?
  • #55
  • Jan 9, 2014 9:15am Jan 9, 2014 9:15am
Quoting plateau
Interesting method. I'm new to trading but i do like this method that follows the trend. Been looking at a few other systems as well but i will keep this one top of my watchlist. I was watching UC and EU for this trade and noticed that if there hadn't been the US unemployment claims news going on, it would had probably hit it's target instead of SL. So about re-entering. What are your rules? Do you normally re-enter in the targeted zone and wait for a pullback if it's out of the zone, or based on candle?
My rules for re-entry remains the use of candle sticks and I discussed the candle stick I use.
My re-entry is usually based on the target zone. Once price exceeds by target zone by over 50 pips, I forget about that pair and look out for another set up.
  • #56
  • Jan 9, 2014 9:27am Jan 9, 2014 9:27am
Waoo, good work Ochuko.. Thumbs up.
I am so sorry for asking this question: How do you determine the money flow change? I have been trying to figure it out but couldnt get it figured out.
Hoping to read your reply, please
  • #57
  • Jan 9, 2014 9:42am Jan 9, 2014 9:42am
Quoting ochuko
USDCAD Bias: Bullish {image} {image}
May i know where are you basing the blue line entry point from?
  • #58
  • Jan 9, 2014 9:44am Jan 9, 2014 9:44am
Quoting ochuko
{quote} My rules for re-entry remains the use of candle sticks and I discussed the candle stick I use. My re-entry is usually based on the target zone. Once price exceeds by target zone by over 50 pips, I forget about that pair and look out for another set up.
Thanks for that. Really helps clear things up.
  • #59
  • Jan 9, 2014 9:46am Jan 9, 2014 9:46am
Quoting omoluabii
Waoo, good work Ochuko.. Thumbs up. I am so sorry for asking this question: How do you determine the money flow change? I have been trying to figure it out but couldnt get it figured out. Hoping to read your reply, please
Hi brother, I would encourage you to take you time to read through this thread from the beginning. I explained how to determine market flow change and NOT money flow change. If you still have any challenge in understanding it, kindly quote from the area that is giving you problem and I will try to answer your question(s).
  • #60
  • Jan 9, 2014 9:48am Jan 9, 2014 9:48am
Please is a valid setup for a change in market flow as depicted in the imagine attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusddaily.png Size: 39 KB
Click to Enlarge Name: Screenshot1.png Size: 246 KB
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