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  • #5,841
  • Mar 24, 2014 6:01am Mar 24, 2014 6:01am
Quoting FerruFx
{quote} Yes in my case it is H4. I am too busy to continue looking for setups on lower TFs. I did at the beginning and that was great but I wasn't able to fully concentrate on my codings !
Hi FerruFx,
I know my answer will be in the thread somewhere and I am reading through for a 2nd time but with your set ups on the H4 do you look initially for DDS/ Rsioma divergence or BB Squeeze or ADX compression or a combination of them and then confirm the higher TF's are in alignment with possible trade direction. Then look for 1H and/or 15M to also turn in the trade direction.
Thanks
  • #5,842
  • Mar 24, 2014 6:06am Mar 24, 2014 6:06am
Quoting HarDRaceR
I've been watching this topic, I came across only one question ... Once you enter a trade on any of the above methods, that will rule out of the position at the beginning, if the trade does not go the right side of what was expected ... If you use the ADX 89/144 is to exit from a successful position ... So if you look at the charts, for example: RSIOMA crosses 50% on 1H chart, ADX has all 5 speeds, but after a while 89/144 refuse, but RSIOMA price and still has the right direction? whether it will be a sign to exit? Or do we need to have additional...

Welcome HarDRaceR,

Also follow the lower Time Frames and news for possible up coming reversals.....................

I see you entered a bit late, the ADX compression is the start of the trade and follow the direction of the RSIoma and the Green Sto.

Trade the direction of the Impulse waves and not the retracements, the steeper waves are the Impulse waves.

News made this one turn around fast. Your Google translator English is good......................
Attached Image (click to enlarge)
Click to Enlarge Name: impulse eurcad.JPG Size: 271 KB
The More You Learn, The More You Earn.....
  • #5,843
  • Mar 24, 2014 6:12am Mar 24, 2014 6:12am
Quoting nickcnew
{quote} Hi FerruFx, I know my answer will be in the thread somewhere and I am reading through for a 2nd time but with your set ups on the H4 do you look initially for DDS/ Rsioma divergence or BB Squeeze or ADX compression or a combination of them and then confirm the higher TF's are in alignment with possible trade direction. Then look for 1H and/or 15M to also turn in the trade direction. Thanks
They all take into play.

BBS is a leading clue of a next move to come

ADX compression is a leading clue of a next move to come

DS trade is a leading clue of a next move to come

Find these on larger TF's then the TF you like to trade on , and then look for entries on the Lower TF's

Green Sto , RSIoma, ADX expansion confirm direction.

These are the main parts to looking for trades, there are many little clues available for other trades.................
The More You Learn, The More You Earn.....
  • #5,844
  • Mar 24, 2014 6:14am Mar 24, 2014 6:14am
Quoting FerruFx
{quote} You should train with the 89/144 exit rule. That's amazing !
On exits using the 89/144 rule. If entered a trade on the 4H do you then check the trade on a 4 Hourly basis and at any point both are turning down on candle close place the stop above/below the latest candle?

As I do not have access to a computer whilst at work I would have an emergency stop in place some way off price and monitor every 4 hours with the 89/144 exit rule.

Thanks in advance

Nick
  • #5,845
  • Mar 24, 2014 6:36am Mar 24, 2014 6:36am
Quoting nickcnew
{quote} Hi FerruFx, I know my answer will be in the thread somewhere and I am reading through for a 2nd time but with your set ups on the H4 do you look initially for DDS/ Rsioma divergence or BB Squeeze or ADX compression or a combination of them and then confirm the higher TF's are in alignment with possible trade direction. Then look for 1H and/or 15M to also turn in the trade direction. Thanks
My answer few posts ago : I trade exclusively the H4.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,846
  • Mar 24, 2014 7:10am Mar 24, 2014 7:10am
Quoting FerruFx
{quote} My answer few posts ago : I trade exclusively the H4.
Hi FerruFx,
I was basically asking what do you look for on the 4H (ForexAlien has answered) and what TF's above/ below do you use for confirmation. As I will be trading off the 4H.

Thanks and Thanks ForexAlien.
  • #5,847
  • Mar 24, 2014 7:13am Mar 24, 2014 7:13am
DS setup M5 EURUSD for short H1 falling good for few points, maybe wait for first retracement? but watch out green sto divergence
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 208 KB
  • #5,848
  • Mar 24, 2014 7:27am Mar 24, 2014 7:27am
Quoting rukiver
DS setup M5 EURUSD for short H1 falling good for few points, maybe wait for first retracement? but watch out green sto divergence{image}
i suppose the movement down is finished for the moment
  • #5,849
  • Mar 24, 2014 7:29am Mar 24, 2014 7:29am
Quoting nickcnew
{quote} Hi FerruFx, I was basically asking what do you look for on the 4H (ForexAlien has answered) and what TF's above/ below do you use for confirmation. As I will be trading off the 4H. Thanks and Thanks ForexAlien.
Not sure what I can say more : again Alien setup on H4 exclusively ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,850
  • Mar 24, 2014 7:37am Mar 24, 2014 7:37am
Quoting forexalien
{quote} Welcome HarDRaceR, Also follow the lower Time Frames and news for possible up coming reversals..................... I see you entered a bit late, the ADX compression is the start of the trade and follow the direction of the RSIoma and the Green Sto. Trade the direction of the Impulse waves and not the retracements, the steeper waves are the Impulse waves. News made this one turn around fast. Your Google translator English is good...................... {image}
Thanks for the answer! I took a loss on that deal ... But had the same inputs AUDCHF, EURAUD, currently closed to all general result on the 3rd deals 110 points ... I'll be watching for further expansion and contraction ADX, only one question arose if it is strongly compressed, the ADX speed still does not increase, or 7 21 42 are already working, and 89 144 not, that is the entrance?
  • #5,851
  • Edited 9:55am Mar 24, 2014 9:18am | Edited 9:55am
CADCHF 15M chart appears to be setting up for a wave 3 on the ADX with all other indicators still pointing long.

Attached Image (click to enlarge)
Click to Enlarge Name: cadchf 15m mar 24.png Size: 72 KB


The 5M chart has the green stochastic heading back up, a DS trade, BBS and ADX to support this trade to the upside.

Attached Image (click to enlarge)
Click to Enlarge Name: cadchf 5m mar 24.png Size: 65 KB


Looking to make a quick few pips on this pair as it has been going nowhere but down for the past few months. Tight SL in place in case of pattern failure.

EDIT: Faked out. Took a 10 pip loss. Got in too early and the 5M never confirmed. Here's the 5M after.

Attached Image (click to enlarge)
Click to Enlarge Name: cadchf fake.png Size: 69 KB


I'm doing well using the larger time frames for getting in, but still not too good with the smaller time frame entries. Will continue to practising until this is no longer a problem.
The pips are out there
  • #5,852
  • Mar 24, 2014 11:16am Mar 24, 2014 11:16am
on mobile.

USD/JPY is setting up for a DS trade to the short on the 5M. Price is roughly @ 102.20.

Lets see where this goes.
I love forex. One day it will love me back.
  • #5,853
  • Mar 24, 2014 11:28am Mar 24, 2014 11:28am
Quoting jpadvisor
{quote} I think you just pointed out the exact exit rule. I mean we are speaking about H4 and higher, but maybe Thomasz1 referring to the lower TF!
mmmhh... i've begon to take screenshot , to make analysis but mea culpa, i've seen i'm more hesitating and confuse than i believed,

so for example, where did you go out on this trade http://nimga.fr/f/8M9Cw.png ( red line is the entry ) ( there are 2 holes on the purple adx, 9dec 18H and 10dec 12H )

that's a good example where we are really limit to stop ( when the rsioma cross the 50 ) ,

perhaps you will say you would escape at the end when the stoch 100 cross the 20 line but ok,
here we have really nice movement but really often if you wait that that's pretty awful,

i see a problem in this for example http://nimga.fr/f/fg5pt.png ( always admitting you're waiting a candle confirmation of adx to get out , red line is the exit)

one case which is a problem for a lot of indi => slow downtrend, little candle by little candle . because of that you get out too late => rsioma which accompanies DDS is perhaps the alert/key for these types of scenarii

personaly i've never waited that stoch 100 cross the 20/80 line to close

I'm curious to know your opinion on this subject, really
  • #5,854
  • Mar 24, 2014 8:28pm Mar 24, 2014 8:28pm
Quoting rukiver
DS setup M5 EURUSD for short H1 falling good for few points, maybe wait for first retracement? but watch out green sto divergence{image}
10 - 11 pips , it worked and also produced price divergence on the RSIoma to make it go long.......................
Attached Image (click to enlarge)
Click to Enlarge Name: eu divergence.JPG Size: 209 KB
The More You Learn, The More You Earn.....
  • #5,855
  • Mar 24, 2014 8:30pm Mar 24, 2014 8:30pm
Quoting HarDRaceR
{quote} Thanks for the answer! I took a loss on that deal ... But had the same inputs AUDCHF, EURAUD, currently closed to all general result on the 3rd deals 110 points ... I'll be watching for further expansion and contraction ADX, only one question arose if it is strongly compressed, the ADX speed still does not increase, or 7 21 42 are already working, and 89 144 not, that is the entrance?
You can try to enter with just ADX 7,21,42 but it is not a GRADE "A" trade until the 89 and 144 turn with the rest............
The More You Learn, The More You Earn.....
  • #5,856
  • Mar 24, 2014 8:32pm Mar 24, 2014 8:32pm
EU M15

DS trade setting up................
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15 ds trade.JPG Size: 283 KB
The More You Learn, The More You Earn.....
  • #5,857
  • Mar 24, 2014 8:36pm Mar 24, 2014 8:36pm
Quoting Fox Mulder
CADCHF 15M chart appears to be setting up for a wave 3 on the ADX with all other indicators still pointing long. {image} The 5M chart has the green stochastic heading back up, a DS trade, BBS and ADX to support this trade to the upside. {image} Looking to make a quick few pips on this pair as it has been going nowhere but down for the past few months. Tight SL in place in case of pattern failure. EDIT: Faked out. Took a 10 pip loss. Got in too early and the 5M never confirmed. Here's the 5M after. {image} I'm doing well using the larger time frames...
Thanks for posting , you are correct, the M5 was falling away and never confirmed.................
The More You Learn, The More You Earn.....
  • #5,858
  • Mar 24, 2014 9:38pm Mar 24, 2014 9:38pm
Quoting forexalien
{quote} Thanks for posting , you are correct, the M5 was falling away and never confirmed.................
When you are not sure, don't place the trade..................
The More You Learn, The More You Earn.....
  • #5,859
  • Mar 25, 2014 3:10am Mar 25, 2014 3:10am
Quoting forexalien
{quote} 10 - 11 pips , it worked and also produced price divergence on the RSIoma to make it go long....................... {image}
Great! Thx for confirmation. i took only a few pips. i still have some building lots
  • #5,860
  • Mar 25, 2014 4:12am Mar 25, 2014 4:12am
Quoting forexalien
{quote} 10 - 11 pips , it worked and also produced price divergence on the RSIoma to make it go long....................... {image}

Alien is the divergence in the RSIoma to be considered as stronger than a divegence in the stochastics? Of course or probably it would be better when both have a divergence, doesnt it?
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