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  • #2,141
  • May 28, 2015 10:01am May 28, 2015 10:01am
Quoting sriloba
Sometimes, I want to alert a signal just GU and EY in this thread. But my responsability is very very big. I will support the stress. But I decide to do it this friday during the European session from midnight to 5 am ET. Now it's up to you if you decide to go with my alert. I do it just to alert your attention. But you feel free to trade others pairs as well. Stay tuned !! Sai Ram
Hi Sri,
that would be very much appreciated. This is the best way to learn IMHO. To watch how someone takes live trades.. And be able to discuss about it!
Thank you cant wait.
PS:Those 48 PIPS from EJ today would not be possible on 15 mTF cause on this TF the price barely touched lower RIP channel.. Btw what I find quite difficult on 15MTF is for instance when the price finally reaches the lower channel in order to be able to go long, the FX trend band most of the time changes its colour to red thus disabling any long signal.. Or is it my bad observation?
Everything is gonna be OK at the end. If its not OK Its not the end
  • #2,142
  • May 28, 2015 10:04am May 28, 2015 10:04am
Quoting biondo
{quote} Hi Sri, that would be very much appreciated. This is the best way to learn IMHO. To watch how someone takes live trades.. And be able to discuss about it! Thank you cant wait. PS:Those 48 PIPS from EJ today would not be possible on 15 mTF cause on this TF the price barely touched lower RIP channel.. Btw what I find quite difficult on 15MTF is for instance when the price finally reaches the lower channel in order to be able to go long, the FX trend band most of the time changes its colour to red thus disabling any long signal.. Or is it my...
Being a fxtrader is not easy. Ones must working hard.
  • #2,143
  • May 28, 2015 10:13am May 28, 2015 10:13am
Quoting sriloba
Sometimes, I want to alert a signal just GU and EY in this thread. But my responsability is very very big. I will support the stress. But I decide to do it this friday during the European session from midnight to 5 am ET. Now it's up to you if you decide to go with my alert. I do it just to alert your attention. But you feel free to trade others pairs as well. Stay tuned !! Sai Ram
Looking forward to it. Great thread here!
Know your edge and trade within it
  • #2,144
  • May 28, 2015 10:30am May 28, 2015 10:30am
Quoting sriloba
Sometimes, I want to alert a signal just GU and EY in this thread. But my responsability is very very big. I will support the stress. But I decide to do it this friday during the European session from midnight to 5 am ET. Now it's up to you if you decide to go with my alert. I do it just to alert your attention. But you feel free to trade others pairs as well. Stay tuned !! Sai Ram
sriloba, please do it. If we see entry points that would be very good for us to learn better.
  • #2,145
  • Edited 10:58am May 28, 2015 10:45am | Edited 10:58am
This is the way I analyse the pair from H4-M15-M5 by using DTDT system

The charts attached try to explain the strategy (EurJpy taken in european session)

H4 : Price breaks upward the most recent of the previous high-- momentum is up --1)

Trend H4 is up because 5/10 ema cross up + 1) -- good arguments

M15 : Pivot point for today is M2/M4 means the pair is bullish and M2 is the low of the day and M4 is the high of the day --Keep in mind PP works only 50% of the time.

My pivot point is built midnight to midnight ET.

At midnight, price retraces to the CPP which is located near the channel--Woow wonderful confluent of events.

At the same time I watch M5 just in case the high probability of setup is missed in M15.

Remind the high probability of entry signal when price closes, at least , in the channel to validate the signal. Very important.

Then proceed the rule of the entry point. Is it simple, guys ?

I use M5 just to support M15 that's all.


Sai Ram
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Being a fxtrader is not easy. Ones must working hard.
  • #2,146
  • May 28, 2015 11:00am May 28, 2015 11:00am
Quoting verified
Hi everyone, It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm . In the past week I only had 1 "significant" loss, -12 pips. I scalp the M1 / M5 timeframe. While I can be very happy about this intermediate result, it's still something I want and need to improve, the efforts to achieve this are big. However, I never felt uncertain or bad. Not much emotions involved ATM. I hope I can improve more and soon. I wanted to let you know. Best, verified
Hi V
I thankfully appreciate your contribution to the tread and support to the SRI!

Pls update two screen shots of M1 & M5 that you mostly use in scalping as you said above...... and the name of template {as given by Sribola ... if so} you use .....
I know there are lot of good method/templates mentioned here in this tread ...but would like to see whats your template and screen design..
pls help...

do you mean ATM is the most relax and free and least stress method?
Thx
IM
  • #2,147
  • May 28, 2015 11:05am May 28, 2015 11:05am
Quoting imdisaait
{quote} Hi V I thankfully appreciate your contribution to the tread and support to the SRI! Pls update two screen shots of M1 & M5 that you mostly use in scalping as you said above...... and the name of template {as given by Sribola ... if so} you use ..... I know there are lot of good method/templates mentioned here in this tread ...but would like to see whats your template and screen design.. pls help... Thx IM
Namaste Imdisaait,

I think you have to wait later in the day because the IT MAN is sleeping. He will try to design the new stochastic good for momentum entry signal specially scalping.

Stay tuned !

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,148
  • May 28, 2015 2:39pm May 28, 2015 2:39pm
First day with DTDT system. Two demo trades, 20 pip win on each.

GU

Attached Image (click to enlarge)
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EC

Attached Image (click to enlarge)
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  • #2,149
  • May 28, 2015 5:30pm May 28, 2015 5:30pm
sriloba what settings would you say are best for using a 4hour macd? default settings?
  • #2,150
  • Edited 8:00pm May 28, 2015 7:30pm | Edited 8:00pm
Good morning Sai Ram, Ronald and the Gang

Yesterday I wrote that I scalp the M1 and M5 timeframe and yes I do, but ...

I always look at higher timeframes, to get the big picture and and the trends. they must be aligned when I scalp. M15 and M5 is great for a final decision. Then, I enter on M1. I enter on M1 because the 1 minute candles let me get in very fine-tuned. I count the candles there ( a typical cycle is 4-6,7 candles ). I also use volume information ( the tick-count ) for the scalping decision and want to see a confirmed fractal there ( reversal ). And finally, when everything looks right I enter. Often I do not enter.

This results in 3 - 6 scalps a day, not more. Some would call this trading but I don't . If I don't find anything I wait. In the past week I had 1 day where I did not trade at all because there have been no setups ( for me ). I exclusively trade my girlfriend ( EURUSD ) at the moment. Reason for the latter is that I have a lot of screen time experience ( really a lot ) with this pair.

Sai Ram, when you decide to post live trades I am very happy about that.

Its not beeing too lazy or not willing to learn. It's the ability to see your high probability setup at the same time on my screen and that I can get used how the setups look like. If I can get a feeling for that and feel good about it, I'll enter also. Everyone following you or other highly experienced traders must be aware that losing is part of the deal and exactly this trade they take could be a losing one. The responsibility for this is always with the follower and not with the people sharing what they are doing ( Sai Ram and hopefully others as well, who join the thread from time to time ).

I want to thank all of you and I'm looking forward for today.

Best Regards,
Verified
  • #2,151
  • May 28, 2015 8:20pm May 28, 2015 8:20pm
Hi fellow traders,

Tonight, from midnight to 5 am ET, I will alert in this thread the signal on only GU and EurJpy.

There will be 2 kind of signal :

1) The high probability trade when price closes in the channel on M15

2) The low probability trade when price miss a few pips to reach the channel on M15. But, meanwhile, price closes in the channel on M5.

We can take the low probability trade with best sound of money management.

I will send an alert well before the entry signal triggers so you can decide to take a trade or not.

I do this to show you the way I see the best trades using DTDT system

By now, I presume you know pretty well the rules of long and short trade.

First, I will send an alert then I will send the details of my analysis.

Stay tuned !!

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,152
  • Edited 9:24pm May 28, 2015 8:48pm | Edited 9:24pm
double posting, see next post
  • #2,153
  • May 28, 2015 8:55pm May 28, 2015 8:55pm
Quoting imdisaait
{quote} Hi V I thankfully appreciate your contribution to the tread and support to the SRI! Pls update two screen shots of M1 & M5 that you mostly use in scalping as you said above...... and the name of template {as given by Sribola ... if so} you use ..... I know there are lot of good method/templates mentioned here in this tread ...but would like to see whats your template and screen design.. pls help... do you mean ATM is the most relax and free and least stress method? Thx IM
Hi imdisaait,

ATM I use up to 3 systems. The first is the one I used when I started forex, only about 1 year ago. I did lose, but never a lot and considered it as ( very low ) "education costs". What I needed to learn is to accept losses and exit. However, this first system is highly impacted by the outcome of this thread. The system is improving, I am confident when I use it.

The second system is one of Sai Ram's systems he could recommend for scalping also . I try to use it "as it is" to get my trading style improved.

The third system is a system I want to learn. This system has nothing to do with this thread but I am very curious about it and I simply want to know .

So, nothing really new from my side. But honest .

BTW, nearly everyone talks about how important it is to learn to lose. This talking can be misleading also. You should not trade live when you really lose. I talk about losing because I had problems to accept any !!! losses. Which only leads to more losses, IMO. I'm not a good loser .

Best, Verified.
  • #2,154
  • Edited 9:22pm May 28, 2015 9:04pm | Edited 9:22pm
I'm disusing macd or rsi or stoch's. I'm instead going to include the trend of the h4 5/10 ema's combined now with the trend of 5/10 ema's from the h1. I realize that some trades may be missed but that includes both good and bad setups that hit stops . By combining both into direction I feel it's eliminating the extreme tops or bottoms where it may take a while for the h4 5/10 to recognize a reversal and it will eliminate the times if only using the h1 5/10 when too many quick setups are taken or miss out on the big picture.

my reasons for disusing macd is because i feel it lags a bit for direction especially for this system because it (this system) relies on the outter channel drection of a trend it can not show up or show up late for a much later entry or as mentioned about the h4 5/10 ema's take too long until the crossover finally happens. the price chart MA's change a bit sooner.

for the rsi i feel the only way to rely on it for trend direction is using it as an above 50 or under 50 reading but the fact is it too will probably lag a bit on reversals or may take a while to crossover and too many trades would be missed.

for the stoch crossovers discussed here much i feel they are basically uselss. they are too variable in it's direction and too quick to change. In other words it changes too frequently and far far too easily so basically it's more like just something that happens to be there type of a thing. It shows up on every little change it's not much of a filter at all.

in conclusion, this type of system which relies on the outter parts of the average of price movement would falter with macd or rsi or stoch because those indicators I feel are more in tune with trading the inner parts moreso of the average of price movement.

the reason for the change is because quite frankly h4 may be a little bit too broad and h1 a bit too much of a variable both in missing the bigger picture and in being faked out.

I feel combining both h4 and h1 price ma trend direction it's more solid.
  • #2,155
  • May 28, 2015 9:12pm May 28, 2015 9:12pm
Quoting justin7
I'm disusing macd or rsi or stoch's. I'm instead going to include the trend of the h4 5/10 ema's combined now with the trend of 5/10 ema's from the h1. I realize that some trades may be missed but that includes both good and bad setups that hit stops . By combining both into direction I feel it's eliminating the extreme tops or bottoms where it may take a while for the h4 5/10 to recognize a reversal and it will eliminate the times if only using the h1 5/10 when too many quick setups are taken or miss out on the big picture. my reasons for disusing...
Hi justin, good morning

There is a saying that in forex you can't force the market to do what you expect, you need to follow the market. Same is true for this thread, you might highly benefit from it by following instead of trying to find better solutions. The reason for this is the experience of the OP.

My 2 Cents.

Best Regards and have a nice day, Verified
  • #2,156
  • May 28, 2015 9:18pm May 28, 2015 9:18pm
Quoting verified
{quote} Hi justin, good morning There is a saying that in forex you can't force the market to do what you expect, you need to follow the market. Same is true for this thread, you might highly benefit from it by following instead of trying to find better solutions. The reason for this is the experience of the OP. My 2 Cents. Best Regards and have a nice day, Verified

I have experience as well.
  • #2,157
  • May 28, 2015 9:26pm May 28, 2015 9:26pm
Quoting verified
{quote} Hi justin, good morning There is a saying that in forex you can't force the market to do what you expect, you need to follow the market. Same is true for this thread, you might highly benefit from it by following instead of trying to find better solutions. The reason for this is the experience of the OP. My 2 Cents. Best Regards and have a nice day, Verified
I'm not disusing the tma bands or the renko street channel those are fine. I'm only throwing out macd and stoch or rsi.

And adding h1 5/10 ema's trend direction to the h4's.

More trades may be missed but that includes both potential winners as well as losers. Theres a reason for including both into a trade. You're getting rid of the negatives either one by itself might have.
  • #2,158
  • May 28, 2015 9:31pm May 28, 2015 9:31pm
Quoting verified
{quote} Hi justin, good morning There is a saying that in forex you can't force the market to do what you expect, you need to follow the market. Same is true for this thread, you might highly benefit from it by following instead of trying to find better solutions. The reason for this is the experience of the OP. My 2 Cents. Best Regards and have a nice day, Verified
I'm just making my points if you want to disagree with some actual reasoning and a logical argument regarding indicators and why or why not it can work then feel free to

no need to be vague and off with other statements that had nothing to do with my theory
  • #2,159
  • May 28, 2015 9:42pm May 28, 2015 9:42pm
Quoting sriloba
Hi fellow traders, Tonight, from midnight to 5 am ET, I will alert in this thread the signal on only GU and EurJpy. There will be 2 kind of signal : 1) The high probability trade when price closes in the channel on M15 2) The low probability trade when price miss a few pips to reach the channel on M15. But, meanwhile, price closes in the channel on M5. We can take the low probability trade with best sound of money management. I will send an alert well before the entry signal triggers so you can decide to take a trade or not. I do this to...
All set up and ready to go !

Cheers, verified
  • #2,160
  • May 28, 2015 9:44pm May 28, 2015 9:44pm
Hi guys,

This is another setup using 5ema H/L as channel in H1-- I will use EMA MTF setting in M15 -- See chart attached

Example : Long EURNZD

H4 : The trend is up trend


M15 : price retraces to 5ema low on H1 and well above the channel in M15

- stoch(5,3,3) is os

-rsi(9) is below 50 but is os (best)

-R%(14) is sitting on os

M5 : price is at the channel and proceed the entry rule

I hope Justin is less worry with additional setting on H1

Sai Ram
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Being a fxtrader is not easy. Ones must working hard.
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