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45 Combo - momentum system

  • #1,281
  • Feb 11, 2015 10:07am Feb 11, 2015 10:07am
EJ + 20

Not really trading this setup all the time, but i read the thread and saw a great setup and took it (on demo)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
Persistence will get it. Consistency will keep it.
  • #1,282
  • Feb 11, 2015 11:16am Feb 11, 2015 11:16am
Morning folks... I will add the new entry play post to the 1st page.
I be here for a little while if you got any questions.


Cheers,
  • #1,283
  • Feb 11, 2015 11:23am Feb 11, 2015 11:23am
Quoting Hammertop
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) {image}
First of all on the ones you are showing they are not even swing qualified so forget everything beyond that.

But I see the concern…

You will need to have either a perfect original signal with everything lined up or a perfect Narrow signal… ignore anything in between.
Swing measurement is like as always from last cross to the height of the swing, period.

This new play does not change the core of signal philosophy, which it all begins with Momo swing.

For original signal we’ll need both ema and mac in line in order to have a signal… and for Narrow signal we need both to be tipped over slightly and resume confirmation with candle cross close of both ema coincide and confirmed with First mac narrow bar.

Anything besides these scenarios is invalid… 2nd narrow bar does not count… having a narrow but no cross close, does not validate… or vice versa and or whatever other odd scenario.


Cheers,
  • #1,284
  • Feb 11, 2015 11:29am Feb 11, 2015 11:29am
For those of you who are trading all day... I highly recommend to avoid the mid London session, that where PA is weak most times.
The ideal time to trade if your a all-day trader is to trade the 1st four hours... avoid the next two hours... then resume for 7th - 9th hour.
Trading the mid London session and late N.Y or I should say 2hours past NYS open is asking for trouble... it will be at best a breakeven result and thats even a stretch.

Cheers,
  • #1,285
  • Feb 11, 2015 11:33am Feb 11, 2015 11:33am
Quoting fx-Tycoon
Morning folks... I will add the new entry play post to the 1st page. I be here for a little while if you got any questions. Cheers,
Hello Ty, thinking "trough" this new entry rule I wonder if you also take trades when the MACD did NOT change color together with ema's crossing over a bit (which would be sort of a second chance the other way around) - would be a stronger sign of continuation ?

Attached Image (click to enlarge)
Click to Enlarge Name: macdUSDJPYM1.png Size: 49 KB


Edit: just saw you explain this...
  • #1,286
  • Feb 11, 2015 11:40am Feb 11, 2015 11:40am
Quoting Go5
{quote} Hello Ty, thinking "trough" this new entry rule I wonder if you also take trades when the MACD did NOT change color together with ema's crossing over a bit (which would be sort of a second chance the other way around) - would be a stronger sign of continuation ? {image}
Read my response to Hammertop...

As I have mentioned there we don't like to be take in-between trades... but you can as long as you don't make a habit of it, pick low risk ones and know your money position during the session.


Go5... good god man your always here and trading, when do you sleep bro, lol.


Cheers,
  • #1,287
  • Feb 11, 2015 12:01pm Feb 11, 2015 12:01pm
Quoting fx-Tycoon
{quote} Read my response to Hammertop... As I have mentioned there we don't like to be take in-between trades... but you can as long as you don't make a habit of it, pick low risk ones and know your money position during the session. Go5... good god man your always here and trading, when do you sleep bro, lol. Cheers,
Thanks, Ty. It's becoming clear that you have a fine-tuned system here; now all we got to do is trade it right
Sleeping??...still 5h to go.
  • #1,288
  • Feb 11, 2015 12:14pm Feb 11, 2015 12:14pm
Quoting Go5
{quote} Thanks, Ty. It's becoming clear that you have a fine-tuned system here; now all we got to do is trade it right Sleeping??...still 5h to go.
jezzzzzz another 5hrs... lol
Sleep??? sleep is for wimps, lol

Yep the RR will take you to the promise land every week, however try to avoid the mentioned low liq hours.


Cheers
  • #1,289
  • Feb 11, 2015 3:49pm Feb 11, 2015 3:49pm
Hi all

You should not be tired when trading, some of you have a day job and maybe you need something to wake you up when price is near or crossing the 40 MA than you can use one of these indis if you want, or both. But if you use both maybe than you need no coffee anymore, especially in a sideways market.

MA-Price-Alert: you can set the amount of pips you want to get an alert. It alerts you only once, than you must change timeframe say M5 and than back to M1, to reset so it alerts again. My settings are in the picture. Setting pip-distance to 0 does not work.

The second Indi is
MA Crossover: This allerts you with sound and arrow when price closes under or above your EMA. I just use the first one, the other clutters the chart to much.

good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 20 KB
Click to Enlarge Name: Unbenannt1.PNG Size: 17 KB
Attached File(s)
File Type: mq4 MA_Crossover_Signal.mq4   4 KB | 402 downloads
File Type: mq4 MA-Price-Alert.mq4   4 KB | 431 downloads
  • #1,290
  • Edited 1:01am Feb 12, 2015 12:44am | Edited 1:01am
Hello to all... preparing for the session. I see no red news to worry about.

Sticking to plan, Patience, avoid the lure, be humble, and I just may make it...


Good skill to all.


Cheers,
  • #1,291
  • Feb 12, 2015 1:05am Feb 12, 2015 1:05am
GU long.. risk 5
  • #1,292
  • Feb 12, 2015 1:18am Feb 12, 2015 1:18am
Quoting fx-Tycoon
GU long.. risk 5
i didnt take it, didnt like the sharp move down
trading is like dancing, don't think and just listen to the music!
  • #1,293
  • Feb 12, 2015 1:21am Feb 12, 2015 1:21am
Quoting fx-Tycoon
GU long.. risk 5
/took it even if like Birdland was not so sure because of the sharp reaction...something to say about that Tycoon.. ? and Good morning or evening for you
  • #1,294
  • Feb 12, 2015 1:23am Feb 12, 2015 1:23am
I can care or less about that stuff.. if it's there fresh in the day at zero money position with only 5pips risk I am all over it.
Its gotta PB somehow..
Its 1m... nothing is ever too sharp or too soft, lol
  • #1,295
  • Feb 12, 2015 1:26am Feb 12, 2015 1:26am
Quoting fx-Tycoon
GU long.. risk 5
Hi fx-tycoon,

The 1h indicator on the background needs to be green/red for buy/sell when taking an entry, or this indicator doesn't play a role?
If the question was already - sorry I may have missed it.

Best regards,
Dragos
  • #1,296
  • Feb 12, 2015 1:28am Feb 12, 2015 1:28am
had a pending on ej not triggered... removed just now and looking to see it Narrow signal arrives..
  • #1,297
  • Feb 12, 2015 1:28am Feb 12, 2015 1:28am
buffer saved me some pips on UJ
  • #1,298
  • Feb 12, 2015 1:30am Feb 12, 2015 1:30am
ej long...
  • #1,299
  • Feb 12, 2015 1:31am Feb 12, 2015 1:31am
Took the EJ it looked like an example of the yesterday add tool...or am i wrong...
Wow 20 pip banked...very fast...and out also with GU 18 pips
nice starting today...

edit: well i saw you also took it...
  • #1,300
  • Feb 12, 2015 1:31am Feb 12, 2015 1:31am
Quoting fx-Tycoon
I can care or less about that stuff.. if it's there fresh in the day at zero money position with only 5pips risk I am all over it. Its gotta PB somehow.. Its 1m... nothing is ever too sharp or too soft, lol
Hi. For what it's worth, I agree with Tycoon. It happened to me that because of a sharp retracement I dropped a good position with a few pips while it would go to TP. This is M1 and the shape of the bars that we see can't have the same valuse as on higher TF's. I'm trying to stick in my mind that the real value is in the MM not in the entries.
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