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45 Combo - momentum system

  • #1,261
  • Feb 11, 2015 3:52am Feb 11, 2015 3:52am
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This play what basically does is to keep our filter honest…

When the regular original entry setup gets filtered, at this time, we give it one more chance for full confirmation of that filter…

So, when setup gets filtered we’ll zoom in to see what’s its the next move!!... IF immediately price bounces back and cross closes both ema and that cross close candle happens to match with the first narrow opposite newly direction mac bars.. then you got yourself a confirmation for possible momo resume and revealing the filter deceive. You can trade this as a valid signal if all other normal confirmations matches like the original setup… low risk, distance etc.

I use the live eg. chart of gu and uj that I just banked on... you see that original setup got filtered with both ema cross and mac tiping over to opposite from bull to bear... now, the very next thing does is matches with the price... first NARROW mac bar is also the cross close candle... this indicates that possible resume of the momo is possible with revel of fully drained bears (end of PB), catching its fake out and going with slingshot momo for probably the best starting point.


I hope is clear.
  • #1,262
  • Feb 11, 2015 4:00am Feb 11, 2015 4:00am
Yes it's clear thanks FX.
Another question I have thought of, is this method essentially about trying to catch the FIRST pullback. If you miss that pullback do you trade the next one ( because if you had taken it your 1 hour rule would normally keep you out) I think I have had a couple of losing trades by trading too late after missing a trade.

For example just now........ GU- 6.8
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  • #1,263
  • Feb 11, 2015 4:00am Feb 11, 2015 4:00am
UJ: -7.8
  • #1,264
  • Feb 11, 2015 4:04am Feb 11, 2015 4:04am
Quoting birdland
{quote} great trade! and thx for your explanation on that thin mac... but i think its for newbies too much confusion and will lead to overtrading to concentrate on this technical detail birdland

Well believe it or not I wanted to wait on this longer... one of the reason why I did not want this to be included from the beginning... its a bit advance and the original setup must first sank in with many traders under belt before moving on to this one.
However I wanted this to be reveal when I am fully involved here so I can watch over everyone who try this. I will be taking a month vacation in March... so only about three weeks till then... so either I had to talk about it afterwards or right now, lol.. I chose now.
plus i see most everyone on demo here... I advise to stay on demo for at least this play until you fully get it and practiced enough to feel comfortable before going live on it.

But really.. it is still very simple... it just need patience and to stay away from itchy fingers... to stay calm and let it fully develop before jumping the gun.
  • #1,265
  • Feb 11, 2015 4:05am Feb 11, 2015 4:05am
Quoting fx-Tycoon
{image}{image} This play what basically does is to keep our filter honest… When the regular original entry setup gets filtered, at this time, we give it one more chance for full confirmation of that filter… So, when setup gets filtered we’ll zoom in to see what’s its the next move!!... IF immediately price bounces back and cross closes both ema and that cross close candle happens to match with the first narrow opposite newly direction mac bars.. then you got yourself a confirmation for possible momo resume and revealing the filter deceive. You can...
Got it now. It loos very clear with your pictures. Great trades! So we have one more weapon in our armoury now. I wonder if there's more that you havent told us
Would the setup I marked with a white arrow be still valid if missed the first entry?
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  • #1,266
  • Feb 11, 2015 4:06am Feb 11, 2015 4:06am
I am long on gu btw... risk is 6 not bad for my situation..
  • #1,267
  • Feb 11, 2015 4:09am Feb 11, 2015 4:09am
Quoting Hammertop
{quote} Got it now. It loos very clear with your pictures. Great trades! So we have one more weapon in our armoury now. I wonder if there's more that you havent told us Would the setup I marked with a white arrow be still valid if missed the first entry? {image}
NO.. only the first one right after the original setup filtered situation. This is essential to keep discipline on... otherwise you be trading almost everything.. it's about timing.
At time we are looking at fresh momo with pullback... things are happening the and being settled between bears and bulls.. ok. You want to be either in it or out of it in that timely matter.
  • #1,268
  • Feb 11, 2015 4:10am Feb 11, 2015 4:10am
Quoting fx-Tycoon
I am long on gu btw... risk is not is 6 not bad for my situation..
i am with you on that, and thanks for chosing to say the new add to the strategy now... after march was looong time to wait...lol

thanks
  • #1,269
  • Feb 11, 2015 4:17am Feb 11, 2015 4:17am
Quoting fx-Tycoon
{quote} Well believe it or not I wanted to wait on this longer... one of the reason why I did not want this to be included from the beginning... its a bit advance and the original setup must first sank in with many traders under belt before moving on to this one. However I wanted this to be reveal when I am fully involved here so I can watch over everyone who try this. I will be taking a month vacation in March... so only about three weeks till then... so either I had to talk about it afterwards or right now, lol.. I chose now. plus i see most everyone...
clear!
trading is like dancing, don't think and just listen to the music!
  • #1,270
  • Feb 11, 2015 4:17am Feb 11, 2015 4:17am
Quoting schoe
Yes it's clear thanks FX. Another question I have thought of, is this method essentially about trying to catch the FIRST pullback. If you miss that pullback do you trade the next one ( because if you had taken it your 1 hour rule would normally keep you out) I think I have had a couple of losing trades by trading too late after missing a trade. For example just now........ GU- 6.8 {image}
It does not conflict with the hourly rule... the first trade was triggered in the 2nd hour and this one is triggered in the 3rd hour.
  • #1,271
  • Feb 11, 2015 4:21am Feb 11, 2015 4:21am
Ok thanks Fx. Where are you going on Holiday ( not vacation)!! lol. If you are coming to the UK I'll put the kettle on................
  • #1,272
  • Feb 11, 2015 4:22am Feb 11, 2015 4:22am
I was triggered on the box point... as you can see my pending was set on timely manner as where my stop is.

I kept the stop there bcz thats all I want to lose so I walk with +20 still.
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  • #1,273
  • Feb 11, 2015 4:29am Feb 11, 2015 4:29am
Quoting Hammertop
{quote} Got it now. It loos very clear with your pictures. Great trades! So we have one more weapon in our armoury now. I wonder if there's more that you havent told us Would the setup I marked with a white arrow be still valid if missed the first entry? {image}
No viciously holding anything back just that I believe it must be in timely manner in order for better clear understanding of the process and limit unnecessary damage.

But for entry this is pretty much it. Two simple one which really is like one just catching it and not letting a momo move being wasted if its true intention is to continuation.
  • #1,274
  • Feb 11, 2015 4:32am Feb 11, 2015 4:32am
Out for +7 on this gotta go to bed I am beat.

+33 for the day.

Practice the new play on demo or small account please.


GN all.
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  • #1,275
  • Feb 11, 2015 4:37am Feb 11, 2015 4:37am
FX, Thanks for trading by our side and sharing your thoughts and screens. Very much appreciated and well done on achieving your target today
  • #1,276
  • Feb 11, 2015 5:04am Feb 11, 2015 5:04am
TY fx-Tycoon
  • #1,277
  • Feb 11, 2015 6:31am Feb 11, 2015 6:31am
EJ: -7.2...
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  • #1,278
  • Feb 11, 2015 6:43am Feb 11, 2015 6:43am
Quoting Go5
EJ: -7.2...{image}
UJ: -4.1, down 13 till now.

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  • #1,279
  • Feb 11, 2015 7:22am Feb 11, 2015 7:22am
Hey Ty, the advanced entry you shared today opens new ideas now. Since an opposite macd does not necessarily invalidate the "trend", where do we start measuring the swing preceeding a trade in this picture? at No 1, 2 or 3? (the macd didn't even change colour)
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  • #1,280
  • Edited 9:47am Feb 11, 2015 9:11am | Edited 9:47am
fingers crossed ..
Edit..+3
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