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Simple Market Flow Trading System

  • #341
  • Jan 24, 2014 10:17am Jan 24, 2014 10:17am
Short UJ under pinbar that was a rejection of the daily fractal.

The EURGBP trade was stopped out.

Draghi speaks at noon EST, I hope it sends it flying in the right direction!
Attached Image
"Be the change that you wish to see in the world." --Gandhi
  • #342
  • Jan 24, 2014 10:55am Jan 24, 2014 10:55am
Quoting Wally1953
Short UJ under pinbar that was a rejection of the daily fractal. The EURGBP trade was stopped out. Draghi speaks at noon EST, I hope it sends it flying in the right direction!
Wally1953, I stopped the short trade on EURGBP when the next bullish pin bar appeared...
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP - Hourly.png Size: 33 KB
  • #343
  • Jan 24, 2014 11:13am Jan 24, 2014 11:13am
Quoting bojno
{quote} Wally1953, I stopped the short trade on EURGBP when the next bullish pin bar appeared... {image}

Bojno,

Smart move. I didn't get to my charts until it was too late.
"Be the change that you wish to see in the world." --Gandhi
  • #344
  • Jan 24, 2014 1:24pm Jan 24, 2014 1:24pm
Friday trades could be dicey at times. Expecially when news is coming out
  • #345
  • Edited 9:06am Jan 25, 2014 8:49am | Edited 9:06am
Ochuko,

Nice video and clean system you have here. I have been successfully scalping lower t/f's for a few years usually for small pips with large lots. Have you tested your system with smaller t/f's maybe 1hr candles for fractal support/resistance and trend lines in lieu of day candles and drop down to 15m in lieu of 1hr for entries using your same rules? Of course I realize that lower t/f's are not as reliable as the higher ones and much more whip saw, but this could be another tool used with a scalping system in determining money flow as you so elegantly present here.

I always watch s/r, fibs, round numbers and other s/r's areas, but you break it down to using simple elements, fractals and trend lines which makes sense not using a bunch of lagging indicators.

Just curious about your opinion. Viewed your video on Saturday and pulled up some charts and in hindsight it appears it may prove interesting. I will give it a try next week but in the meantime just thought I would ask. I read all of your posts and did not see any reference to lower t/f's ( maybe missed them though. If so my apologies)

Thank You and Regards,

Cigarguy
Keep It Simple
  • #346
  • Jan 25, 2014 12:45pm Jan 25, 2014 12:45pm
Quoting cigarguy
Ochuko, Nice video and clean system you have here. I have been successfully scalping lower t/f's for a few years usually for small pips with large lots. Have you tested your system with smaller t/f's maybe 1hr candles for fractal support/resistance and trend lines in lieu of day candles and drop down to 15m in lieu of 1hr for entries using your same rules? Of course I realize that lower t/f's are not as reliable as the higher ones and much more whip saw, but this could be another tool used with a scalping system in determining money flow as you...
With this system, our reference is focused on the using daily time frame to determine market flow, while we look out for market entries on the lower time frame. In this case, our time frame is the H1 time frame for market entry.
  • #347
  • Jan 25, 2014 3:51pm Jan 25, 2014 3:51pm
Quoting ochuko
My thread was moved to the commercial section for a reason I dont know. And I was labelled a commercial member. Is there anything I have done wrong?
Maybe something to do with this:


Attached Image


  • #348
  • Jan 25, 2014 4:19pm Jan 25, 2014 4:19pm
If that may be the case, there is no problem. I will need to step up further and offer more values.
For example I have a course that covers how to draw trend lines and I give it out absolutely
FREE with no string attached.
If anyone is interested, you can just CLICK HERE.
  • #349
  • Jan 25, 2014 4:30pm Jan 25, 2014 4:30pm
Quoting ochuko
If that may be the case, there is no problem. I will need to step up further and offer more values. For example I have a course that covers how to draw trend lines and I give it out absolutely FREE with no string attached. If anyone is interested, you can just CLICK HERE.

Nothing personal against you Ochuko but my view of commercial members is dim. There are traders and then there are those who sell trading systems. Most commercial members sell trading systems but couldn't trade to save their lives. If a trading system works so well then why not back it up with a live trade explorer or verify your trading success with the system on "myfxbook". Here's your chance to separate yourself from all the BS that the commercial site is so full of.
  • #350
  • Jan 25, 2014 5:18pm Jan 25, 2014 5:18pm
Quoting Winston Reed
{quote} Nothing personal against you Ochuko but my view of commercial members is dim. There are traders and then there are those who sell trading systems. Most commercial members sell trading systems but couldn't trade to save their lives. If a trading system works so well then why not back it up with a live trade explorer or verify your trading success with the system on "myfxbook". Here's your chance to separate yourself from all the BS that the commercial site is so full of.

Good idea. Thanks for your suggestion.
  • #351
  • Jan 26, 2014 5:56am Jan 26, 2014 5:56am
Quoting ochuko
{quote} With this system, our reference is focused on the using daily time frame to determine market flow, while we look out for market entries on the lower time frame. In this case, our time frame is the H1 time frame for market entry.
Thanks, I understand your system but was just curious about lower t/f's hence my post.
Keep It Simple
  • #352
  • Jan 26, 2014 8:18am Jan 26, 2014 8:18am
Quoting cigarguy
{quote} Thanks, I understand your system but was just curious about lower t/f's hence my post.
With lower time frames, you will get more set ups. I just came up with an idea, one can check daily, Hourly and trade off from the lower time frame. Through that means one is engaging on top down analysis
  • #353
  • Jan 26, 2014 10:51am Jan 26, 2014 10:51am
I think it should give back to the "Trading Systems" section because of more people could join this thread...
  • #354
  • Jan 27, 2014 1:21am Jan 27, 2014 1:21am
Notice: See also EURJPY, GBPJPY, AUDJPY, USDCHF...

USDJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY - Daily.png Size: 33 KB
Click to Enlarge Name: USDJPY - Hourly.png Size: 32 KB
  • #355
  • Jan 27, 2014 3:10am Jan 27, 2014 3:10am
Market Flow Set For AUDJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpydaily.png Size: 27 KB
Click to Enlarge Name: audjpyh1.png Size: 30 KB
  • #356
  • Jan 27, 2014 3:12am Jan 27, 2014 3:12am
Market Flow Set Up For CADCHF.
For more market flow set up, click here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADCHFD1.png Size: 26 KB
Click to Enlarge Name: CADCHFH1.png Size: 37 KB
  • #357
  • Jan 28, 2014 12:39am Jan 28, 2014 12:39am
If you took this trade set up, you may exit with about 100 pips take profit
This set up was posted here: http://forexrescue.com/market-flow-s...h-january2014/
Attached Image (click to enlarge)
Click to Enlarge Name: MFlow1.png Size: 29 KB
  • #358
  • Jan 28, 2014 12:41am Jan 28, 2014 12:41am
I did not take this trade setup. But those who did, you need to protect your profit
Attached Image (click to enlarge)
Click to Enlarge Name: MFlow2.png Size: 32 KB
  • #359
  • Jan 31, 2014 9:03am Jan 31, 2014 9:03am
I have been following your thread silently ochuko...read it TWICE already.

- I have downloaded ALL the sample trades and will soon download the youtube video.

- I tried trading this system LOOSELY this week and ended up with a 41.28% bump in profit...I WASN'T even trying to really watch out for all the 6 or so candle patterns as required.

- Now I will take a look at the famous Japanese candlestick patterns Pdf just to refresh my edge (for the trades this week I simply used google images to download the images of the candles am required to look out for)

- No...I won't be posting charts at this juncture...am STILL in trading - silent mode.

Thank you Ochuko...I have ALWAYS wanted to trade NAKED (Price Action only) and THIS is the SIMPLEST method I have seen yet.

I am still around.

Regards,

Ty
My job: I speculate and manage risk.
  • #360
  • Jan 31, 2014 10:12am Jan 31, 2014 10:12am
I will be inactive for some time, because of working on my stuff... And what about [highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]giving back to the "Trading Systems" section? That's better place... [/highlight]
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