Swing-Hi trading System | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Swing-Hi trading System
Exit Attachments

Swing-Hi trading System

  • #41
  • Dec 7, 2014 8:26pm Dec 7, 2014 8:26pm
Quoting Ken A
{quote} Looks like another "Delicate Secret" in the making .....
there is something wrong with this thread...
As Above, So Below
  • #42
  • Dec 7, 2014 8:30pm Dec 7, 2014 8:30pm
Quoting kraven
{quote} 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
Here's his BUY set up. Read what he said- not a word about closing higher than the previous candle.

THE PATTERN
BUY Pattern: It takes 2 candles to complete the pattern. the previous candle closes lower than the open price while the 2nd candle must be lower than the previous candle and at the same time must also be higher than the previous candle's high but closes more than the opening price.
  • #43
  • Dec 7, 2014 8:48pm Dec 7, 2014 8:48pm
billbss If what you say is what he means, then this is nothing more then the entry idea thread i started 2 years ago.

http://www.forexfactory.com/showthread.php?t=340503

however the pics he put up, including the one dragos put up and Obi corrected had the 2nd candle closing higher or lower on everyone. IF this was by accident and he didn't mean this then I'LL BE HAPPY TO ADD IT . Simply because its a great addition to my original thread. it now means with this new criteria that the strength of the reversal is stronger then the intitial move (time frame dependent). this should prove more reliable then Just relying on exhaustion candles alone.
  • #44
  • Edited 9:30pm Dec 7, 2014 8:58pm | Edited 9:30pm
So to reword the signal and entry rules so all readers can see for sure how it all works.

Let me see if I get this right from OP and thread so far:

BUY SETUP
candle 1 must be a short (red) candle ie close lower than open
candle 2 must be a long (blue) candle ie close higher than open
candle 2 must be have a lower low than candle 1
candle 2 must close higher than candle 1 open ie candle 2 body "engulfs" candle 1 body

BUY ENTRY
candle 3 must drop below opening (go red) for a short time. Place long order at open and let price move back up and trigger trade.

MANAGEMENT
SL is the lowest point of all 3 candles above
Exit is 1:1 RR or at the close of the next 3 candles (ie candle 3, 4 and 5)

If entry does not trigger in candle 3 at all, remove the order.
Winners add to winning trades!
  • #45
  • Edited 10:16pm Dec 7, 2014 9:56pm | Edited 10:16pm
Quoting marshalmax
So to reword the signal and entry rules so all readers can see for sure how it all works. Let me see if I get this right from OP and thread so far: BUY SETUP candle 1 must be a short (red) candle ie close lower than open candle 2 must be a long (blue) candle ie close higher than open candle 2 must be have a lower low than candle 1 candle 2 must close higher than candle 1 open ie candle 2 body "engulfs" candle 1 body BUY ENTRY candle 3 must drop below opening (go red) for a short time. Place long order at open and let price move back up and trigger...
you got it.
Please Note :If your TP was not hit after 3 candles when the signal trigger, exit the trade at minimal profit but no loss. you can get as many pips as possible but why should I risk my profit when I know that there are more than 20 signals in day from different CU?
  • #46
  • Dec 7, 2014 10:57pm Dec 7, 2014 10:57pm
Quoting marshalmax
So to reword the signal and entry rules so all readers can see for sure how it all works. Let me see if I get this right from OP and thread so far: BUY SETUP candle 1 must be a short (red) candle ie close lower than open candle 2 must be a long (blue) candle ie close higher than open candle 2 must be have a lower low than candle 1 candle 2 must close higher than candle 1 open ie candle 2 body "engulfs" candle 1 body BUY ENTRY candle 3 must drop below opening (go red) for a short time. Place long order at open and let price move back up and trigger...
Hi - Much clearer now, if you can come up with a pic will be much appreciated.
  • #47
  • Edited Dec 8, 2014 1:51am Dec 7, 2014 11:30pm | Edited Dec 8, 2014 1:51am
there was signal on AUD/USD 4H at 12:00GMT , with more than 10pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDmH4.png Size: 18 KB
Click to Enlarge Name: AUDUSDmH4-2.png Size: 18 KB
  • #48
  • Edited 11:50pm Dec 7, 2014 11:38pm | Edited 11:50pm
3 opposite trades also developed on 30M EURAUD early this morning. the last signal also happen to develop on 4H EURAUD too, guys have a pip-filled day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDmM30.png Size: 19 KB
Click to Enlarge Name: EURAUDmH4.png Size: 20 KB
  • #49
  • Dec 7, 2014 11:57pm Dec 7, 2014 11:57pm
signals came from EURUSD at 5:00 GMT, very slow but not without some pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM15.png Size: 16 KB
  • #50
  • Dec 8, 2014 12:40am Dec 8, 2014 12:40am
There's an EA that does this in post 31.

Thanks again Obi,

saf
  • #51
  • Dec 8, 2014 2:35am Dec 8, 2014 2:35am
Quoting marshalmax
So to reword the signal and entry rules so all readers can see for sure how it all works. Let me see if I get this right from OP and thread so far: BUY SETUP candle 1 must be a short (red) candle ie close lower than open candle 2 must be a long (blue) candle ie close higher than open candle 2 must be have a lower low than candle 1 candle 2 must close higher than candle 1 open ie candle 2 body "engulfs" candle 1 body BUY ENTRY candle 3 must drop below opening (go red) for a short time. Place long order at open and let price move back up and trigger...
Thanks MarshalMax. It makes more sense now.
  • #52
  • Dec 8, 2014 2:50am Dec 8, 2014 2:50am
Quoting Obi
signals came from EURUSD at 5:00 GMT, very slow but not without some pips {image}
Sorry Obi, this entry was invalid according to the entry rules.
  • #53
  • Dec 8, 2014 3:04am Dec 8, 2014 3:04am
Quoting mbes
{quote} Sorry Obi, this entry was invalid according to the entry rules.
for the entry rule of this system, it is very much valid, unless there is something fishy with your broker's platform.
PLEASE NOTE THAT THIS SYSTEM SETUP IS VALID FOR BROKERS ON GMT time. this means that you can use MT4 based with GMT time for the setup and place the trade on your respective brokers.
  • #54
  • Dec 8, 2014 3:27am Dec 8, 2014 3:27am
Quoting marshalmax
So to reword the signal and entry rules so all readers can see for sure how it all works. Let me see if I get this right from OP and thread so far: BUY SETUP candle 1 must be a short (red) candle ie close lower than open candle 2 must be a long (blue) candle ie close higher than open candle 2 must be have a lower low than candle 1 candle 2 must close higher than candle 1 open ie candle 2 body "engulfs" candle 1 body BUY ENTRY candle 3 must drop below opening (go red) for a short time. Place long order at open and let price move back up and trigger...
Thanks for your clarification. I just think you missed to mention that the candle 2 must have a higher high than candle 1, right?
Trading is the hardest way to make easy money...
  • #55
  • Dec 8, 2014 4:45am Dec 8, 2014 4:45am
Quoting Obi
signals came from EURUSD at 5:00 GMT, very slow but not without some pips {image}
Hi Obi,

You just trading pure enguilf's candles...if you apply Supply Demand you will see why they produce those candles. Yours win ratio will be more higher

Have a nice journey
  • #56
  • Dec 8, 2014 4:52am Dec 8, 2014 4:52am
Thanks Obi for simple system. looking forward for more info.

thanks again.
  • #57
  • Dec 8, 2014 4:52am Dec 8, 2014 4:52am
Quoting safv6
There's an EA that does this in post 31. Thanks again Obi, saf
May I ask, how would be the setting for this EA if I am GMT +1 time, and the TP would be only 5 pips, and can I use it on 15M time frame? I have five degree broker.
Thank you
  • #58
  • Dec 8, 2014 5:10am Dec 8, 2014 5:10am
Quoting Julexo
{quote} Hi Obi, You just trading pure enguilf's candles...if you apply Supply Demand you will see why they produce those candles. Yours win ratio will be more higher Have a nice journey
more explanation with chart if possible. thanks
  • #59
  • Edited 5:29am Dec 8, 2014 5:18am | Edited 5:29am
another buy signal on EUR/USD 15M happened just some minutes ago. this is going to be interesting as the pattern is also forming on 30M and 1 H. Bagged 10pips here, waiting for 30M and 1H to finish respectively before another trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM15-2.png Size: 17 KB
  • #60
  • Dec 8, 2014 5:28am Dec 8, 2014 5:28am
This system is awesome, i have made 3 trades this morning all green at 5 pip tp and 15 pip sl. watch EurUsd H1 now another set up is forming. Obi please confirm if i am right.

H1 USDJPY another set up is forming
0 traders viewing now