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Simple Market Flow Trading System

  • #161
  • Jan 12, 2014 11:23am Jan 12, 2014 11:23am
NZDCAD Market Flow Set Up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad daily.png Size: 38 KB
Click to Enlarge Name: nzdcad hourly.png Size: 47 KB
  • #162
  • Jan 12, 2014 11:24am Jan 12, 2014 11:24am
GBPCAD Market Flow Set Up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD daily.png Size: 36 KB
Click to Enlarge Name: GBPCADhourly.png Size: 41 KB
  • #163
  • Jan 12, 2014 11:25am Jan 12, 2014 11:25am
USDCAD Market Flow Set Up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad market flow.png Size: 36 KB
Click to Enlarge Name: usdcad hourly.png Size: 48 KB
  • #164
  • Jan 12, 2014 11:30am Jan 12, 2014 11:30am
Hey guys, if you are not clear on any set up, you may post your question.
  • #165
  • Jan 12, 2014 1:48pm Jan 12, 2014 1:48pm
Quoting ochuko
AUDCAD Market Flow Set Up {image} {image}
So rather than take the most recent fractal break, you take the one closest to price action?
  • #166
  • Jan 12, 2014 1:52pm Jan 12, 2014 1:52pm
Hi ochuko,

Impressive strategy I must say. 2 questions.

1. What kinda win loss ratio you have observed with this strategy?
2. Have you ever tried setting up pending orders at the points where you see potential trade? Instead of waiting for pricing action?

-Omar
  • #167
  • Jan 12, 2014 5:52pm Jan 12, 2014 5:52pm
Quoting stevepatt
{quote} Hi Ozziedave, A fractal swing low needs at least two higher bars to the left and at least two higher bars to the right before it is a confirmed fractal. A fractal swing high needs at least two lower bars to the left and at least two lower bars to the right before it is a confirmed fractal. With Ochuko's method, most of the time, the fractals will have been well confirmed it's just a matter of being sure you have at least two bars either side of the fratcal {image}

Off topic: Hi stevepatt could you please share your lovely fractal breakout indicator. I find it very useful in this strategy. Thanks
  • #168
  • Jan 12, 2014 9:23pm Jan 12, 2014 9:23pm
Quoting spyderman
{quote} So rather than take the most recent fractal break, you take the one closest to price action?
Yes.
Next time, please explain with a picture. Thanks
  • #169
  • Jan 12, 2014 9:27pm Jan 12, 2014 9:27pm
Quoting chit0z
Hi ochuko, Impressive strategy I must say. 2 questions. 1. What kinda win loss ratio you have observed with this strategy? 2. Have you ever tried setting up pending orders at the points where you see potential trade? Instead of waiting for pricing action? -Omar

1. In 10 trades, 7 wins, 3 loses.
2. I dont use pending (limit) order. Reason, price may go beyond that area and hit my SL before reversing in my direction. In this cases a potential winning trade would become a loss.
  • #170
  • Jan 12, 2014 10:01pm Jan 12, 2014 10:01pm
Quoting spyderman
{quote} So rather than take the most recent fractal break, you take the one closest to price action?
Hi Spyderman,

The nearest bullish fractal was only broken by the wick not the body of the D1 candle and went on to form a bearish pin bar.

Although personally I would have been very tempted to trade, after, the following days bullish inside bar
  • #171
  • Jan 12, 2014 10:07pm Jan 12, 2014 10:07pm
Quoting ilovePA
{quote} Off topic: Hi stevepatt could you please share your lovely fractal breakout indicator. I find it very useful in this strategy. Thanks
You need both indicators to get the fractal and the line, play around with them to get the settings you want
Attached File(s)
File Type: mq4 Fractals (Bill Williams).mq4   6 KB | 692 downloads
File Type: ex4 hhLhhllHll.ex4   6 KB | 704 downloads
  • #172
  • Jan 12, 2014 10:30pm Jan 12, 2014 10:30pm
Quoting ochuko
USDCHF Market Flow Set Up {image} {image}
I'd be very wary of trading USD/CHF against the prevailing trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Jan 14 USD:CHF Chart.png Size: 101 KB
Click to Enlarge Name: 13th Jan 14 USD:CHF D1 Chart.png Size: 105 KB
Click to Enlarge Name: 13th Jan 14 USD:CHF H1 Chart.png Size: 115 KB
  • #173
  • Jan 12, 2014 10:55pm Jan 12, 2014 10:55pm
Quoting stevepatt
{quote} I'd be very wary of trading USD/CHF against the prevailing trend {image} {image} {image}

You have a point there. However, I see it moving up. The market would determine anyway.
  • #174
  • Jan 13, 2014 12:26am Jan 13, 2014 12:26am
Quoting ochuko
USDCHF Market Flow Set Up {image} {image}
Good morning great traders,
I just pulled a long trigger on USDCHF for 60pips..Hoping to see how it goes.
  • #175
  • Edited 3:02am Jan 13, 2014 2:47am | Edited 3:02am
ochuko would this be a valid setup or close to one??

The problem of being a junior it does not display soon enough

http://i1298.photobucket.com/albums/...psf13a0482.jpg
  • #176
  • Jan 13, 2014 3:45am Jan 13, 2014 3:45am
Potential short coming on the GBYJPY, waiting for a pullback
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 38 KB
Click to Enlarge Name: gbpjpyh1.png Size: 42 KB
  • #177
  • Jan 13, 2014 3:49am Jan 13, 2014 3:49am
Long setup on the USDCAD, waiting for the engulfing pattern to close
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 45 KB
Click to Enlarge Name: usdcadh1.png Size: 32 KB
  • #178
  • Jan 13, 2014 3:51am Jan 13, 2014 3:51am
Same with the EURCAD, another long setup with a potential engulfing pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcaddaily.png Size: 43 KB
Click to Enlarge Name: eurcadh1.png Size: 31 KB
  • #179
  • Jan 13, 2014 4:12am Jan 13, 2014 4:12am
Highwave candle off a daily trendline, fractal break is up making this a potential long on NZDUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusddaily.png Size: 50 KB
Click to Enlarge Name: nzdusdh1.png Size: 29 KB
  • #180
  • Jan 13, 2014 4:16am Jan 13, 2014 4:16am
Quoting GrassrootTdr
Potential short coming on the GBYJPY, waiting for a pullback {image} {image}
Not yet, you have to wait to see if daily closes below fractal.
Regards
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