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Attachments: Swing-Hi trading System
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Swing-Hi trading System

  • #21
  • Dec 6, 2014 5:34pm Dec 6, 2014 5:34pm
Quoting chazbo 3071
{quote} Those exhaustion candles combined with divergence and/or support and resistance make for a nice simple system.
yes or off SR area's from a higher time frame.
  • #22
  • Dec 6, 2014 5:45pm Dec 6, 2014 5:45pm
Quoting rocky
{image}

I thought No demand volume bars have to be lower than the previous 2 volume bars...
  • #23
  • Dec 6, 2014 6:03pm Dec 6, 2014 6:03pm
Quoting dragos_
{quote} I thought No demand volume bars have to be lower than the previous 2 volume bars...
If there is no Demand for higher PA which is observed by looking at volume bars then price will drop. If there is no Supply then PA will rise. Rocky.
  • #24
  • Dec 6, 2014 6:31pm Dec 6, 2014 6:31pm
This is a simple and promising method.
I hope the thread doesn't get bogged down with a bunch of indicators and filters.
That's what happens to most threads with potential.
  • #25
  • Edited 8:00pm Dec 6, 2014 7:11pm | Edited 8:00pm
Quoting borgu
Obi Nwannem Ndi Ocha ji anyi akpari amu here http://www.forexfactory.com/showthread.php?t=516654. biko try ka anyi mechie fa onu. Kudos. eso me gi na azu Nwannne.
Nnaa, I started this thread to help and allow every trader who wish to contribute to the perfection of this system. There are very interesting things I will reveal about the system but that would depend on the response and contributions made. thanks
  • #26
  • Dec 6, 2014 9:29pm Dec 6, 2014 9:29pm
Quoting bradu
{quote} please explain this with a diagram or with a chart please thanks
yes Obi please mark your entry to be clear. Thanksvfor sharing!
  • #27
  • Dec 7, 2014 10:14am Dec 7, 2014 10:14am
Quoting Obi
{quote} Nnaa, I started this thread to help and allow every trader who wish to contribute to the perfection of this system. There are very interesting things I will reveal about the system but that would depend on the response and contributions made. thanks
I would like to see the interesting things you are talking about.
  • #28
  • Dec 7, 2014 10:22am Dec 7, 2014 10:22am
Quoting leeshindig
it's the quick stop take and reverse.. is this not what everyone watches for an entry?
no
As Above, So Below
  • #29
  • Dec 7, 2014 11:01am Dec 7, 2014 11:01am
Quoting Obi
{quote} Nnaa, I started this thread to help and allow every trader who wish to contribute to the perfection of this system. There are very interesting things I will reveal about the system but that would depend on the response and contributions made. thanks
Obi,
I am Waiting to hear some Interesting things! from you. Subscribed.
Bomi
  • #30
  • Dec 7, 2014 1:33pm Dec 7, 2014 1:33pm
Quoting tashkent
{quote} no
oh, ok lol

maybe only me then
  • #31
  • Edited 3:36pm Dec 7, 2014 2:05pm | Edited 3:36pm
Thanks for sharing, Obi! Always good to see some new ideas. Attached is a very basic EA that is supposed to do exactly what you said. I hope it will help in testing.

This is it, right?:
IF previous candle is bullish
AND 2nd previous candle is bearish
AND previous candle low is below 2nd previous candle low
AND previous candle high is above 2nd previous candle high
AND price is currently at previous candle close
THEN BUY (and the other way around for sells), right?
Close profitable trades every bar after 3 bars

https://fxdreema.com/shared/CinKNFI1d
The only thing I added is an optional time filter and "if no trade exists". If I interpreted anything wrong, I'd be happy to correct or expand.
Maybe it works, maybe we need an other filter, I'm sure we'll figure it out.

Thanks again Obi and contributers! Good trading!
Cheers!

Saf
Attached File(s)
File Type: mq4 Obi_EA_0.02.mq4   126 KB | 558 downloads
  • #32
  • Dec 7, 2014 2:43pm Dec 7, 2014 2:43pm
Quoting Obi
{quote} for a buy, you wait until the new candle breaks lower than the candle 2 close, For sell , you wait till the next candle breaks higher than the previous candle close (candle 2) please note that it must break lower than the previous candle(candle 2) close before you place your buy trade and it must break higher than the candle 2 before you sell. this happens 98% of the time. You take your profit after 3 candles from the candle 2 if your take profit has not been hit. sometimes if the trade is very slow, you exit trade after the 3 candles at...
TO get the point clear nwanne, can you clarify the following
1. Candle A, and B gives the signal, so we enter in Candle C when the candle C breaks breaks higher than candle B's close for sell and when Candle C breaks lower than Candle B's close for buy. ( Candle C is the next candle after the confirmation, that is the next candle after candle 2)
2. if 1 is yes, does the set up become invalid if the next candle that is Candle C fails to break the close of Candle B.
3. What time frame is your preference. and its TP and SL.

below is an EA that closes your trade when your TP or SL is reached. it sets the tp and sl in invisibble and once it is hit, it will close your trade. you have to open the trade manually and it will commence its job. set your tp and sl in the input options. it is from Udine i guess. enjoy
Attached File(s)
File Type: mq4 WUKAR.mq4   3 KB | 426 downloads
  • #33
  • Dec 7, 2014 3:06pm Dec 7, 2014 3:06pm
Quoting leeshindig
{quote} oh, ok lol maybe only me then
and Obi
As Above, So Below
  • #34
  • Dec 7, 2014 4:39pm Dec 7, 2014 4:39pm
Quoting tashkent
{quote} and Obi

yea looks like it

I don't trade like this exact method, I guess what I meant was.. doesn't matter what your system is, MA crosses, breakouts, whatever.. waiting for the stop squeeze for direction confirmation (which is inevitable) can often allow you to stay in the trade much longer, with less risk.
  • #35
  • Dec 7, 2014 4:52pm Dec 7, 2014 4:52pm
Quoting tashkent
{quote} and Obi
Looks like another "Delicate Secret" in the making .....
  • #36
  • Edited 6:07pm Dec 7, 2014 5:57pm | Edited 6:07pm
Hi Obi
I love concepts which are simple, fast in practice and clear.
Only some candles,
....& you could compare very fast many time frames at different currency pairs within a minimum of time at a great pace
....and making profits here and there.
The rest seems risk management.
Good idea!
Kindest regards!
FXcube

___
The manikin signalizes entry chances (first long, the other short) where I would tend to go into the market with higher risk (more lots) due to the fact that here are also additively a CCI divergence.

GBPUSD, M15, 2014 December 07
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, M15, 2014 December 07.jpg Size: 191 KB
  • #37
  • Dec 7, 2014 6:46pm Dec 7, 2014 6:46pm
using exhaustion candles to help with entries is something i've done for a long time.

I've posted this pic to help those that are struggling to grasp what Obi is trying to show here. In the pic you will see the indicator created for me. you will find it in my old thread, link in previous post. the indi shows exhaustion candles, you will have to decide whether it closes H/L then the first candle, but it sure helps spotting them.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4.png Size: 70 KB
  • #38
  • Dec 7, 2014 6:51pm Dec 7, 2014 6:51pm
Obi doesn't require that the candle close higher/lower than the previous candle, only that it closes higher/lower than its own open.
  • #39
  • Dec 7, 2014 7:09pm Dec 7, 2014 7:09pm
Quoting billbss
Obi doesn't require that the candle close higher/lower than the previous candle, only that it closes higher/lower than its own open.
what! yes he does. look at all his pic's

if he doesn't then there is nothing new here, it's nothing more then what I posted about a year ago. I actually believe that the part when the 2nd candle closes higher or lower is a very intelligent addition to the exhaustion candle
  • #40
  • Dec 7, 2014 8:21pm Dec 7, 2014 8:21pm
Quoting Obi
{quote} for a buy, you wait until the new candle breaks lower than the candle 2 close, For sell , you wait till the next candle breaks higher than the previous candle close (candle 2) please note that it must break lower than the previous candle(candle 2) close before you place your buy trade and it must break higher than the candle 2 before you sell. this happens 98% of the time. You take your profit after 3 candles from the candle 2 if your take profit has not been hit. sometimes if the trade is very slow, you exit trade after the 3 candles at...

I may be stupid, I understand the set up, but do not understand the logic of the entry criteria.
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