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MultiTimeFrame Trend Trading with Price Action

  • #201
  • Jun 24, 2015 6:43am Jun 24, 2015 6:43am
Quoting stevepatt
{quote} Hi imifx; Both the AUD/USD D1 Sell is active and the GBP/NZD D1 Buy is active.
Steve.. I meant the last day bull candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 29 KB
If you believe in yourself anything is possible !!
  • #202
  • Jun 24, 2015 9:22am Jun 24, 2015 9:22am
Quoting imifx
{quote} Steve.. I meant the last day bull candle. {image}
Hi imifx;

My Bias remains Bearish on this pair one Bullish Candle isn't going to make me close my position.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th June 15 AUD:USD D1 Chart.png Size: 112 KB
  • #203
  • Jun 24, 2015 11:24am Jun 24, 2015 11:24am
Quoting stevepatt
{quote} I still have these Pending Orders open. I also have these Pending Orders: GBP/NZD D1 Pending Buy Stop GBP/CAD D1 Pending Buy Stop NZD/JPY D1 Pending Sell Stop AUD/USD D1 Pending Sell Stop AUD/JPY D1 Pending Sell Stop {image} {image} {image} {image} {image}
Two losing Trades so far this week.

GBP/NZD D1 Losing Buy Trade (-1R) (-1%)
GBP/JPY D1 Losing Buy Trade (-1R) (-1%)

AUD/USD D1 Sell is still open and active.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th June 15 GBP:NZD D1 Chart.png Size: 80 KB
Click to Enlarge Name: 24th June 15 GBP:JPY D1 Chart.png Size: 89 KB
  • #204
  • Jun 24, 2015 12:28pm Jun 24, 2015 12:28pm
EUR/USD D1 Pending Sell Setting Up
USD/JPY D1 Pending Sell Setting Up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th June 15 EUR:USD D1 Chart.png Size: 106 KB
Click to Enlarge Name: 24th June 15 USD:JPY D1 Chart.png Size: 101 KB
  • #205
  • Edited 3:03pm Jun 24, 2015 12:45pm | Edited 3:03pm
GBP/CHF D1 Pending Buy Setting Up

This would be a valid D1 setup but the market would have to move over 100 pips to trigger a Pending Buy Stop
Attached Image (click to enlarge)
Click to Enlarge Name: 24th June 15 GBP:CHF D1 Chart.png Size: 110 KB
  • #206
  • Jun 24, 2015 10:33pm Jun 24, 2015 10:33pm
Quoting stevepatt
{quote} Hi imifx; My Bias remains Bearish on this pair one Bullish Candle isn't going to make me close my position. {image}
ok, I thought you are using Dimdel's daily red green candle method here as well.
If you believe in yourself anything is possible !!
  • #207
  • Jun 24, 2015 10:48pm Jun 24, 2015 10:48pm
Quoting imifx
{quote} ok, I thought you are using Dimdel's daily red green candle method here as well.

No, I did look into using dimdel's method but after doing some back testing I realised I wouldn't be able to make it work long term.

What I'm doing here is to use Fractals to help with determining Market Structure and instead of using Candle Colour to determine Trade direction I'm using Market Structure to determine my Trade Bias.

It means in times of consolidation there will be far less false signals.

The two charts below, I hope, explains things clearly, let me know if it's not clear.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19th June 15 GBP:USD D1 Chart.png Size: 140 KB
Click to Enlarge Name: 19th June 15 GBP:USD D1 Chart 2.png Size: 121 KB
  • #208
  • Jun 25, 2015 1:13pm Jun 25, 2015 1:13pm
Quoting stevepatt
{quote} No, I did look into using dimdel's method but after doing some back testing I realised I wouldn't be able to make it work long term. What I'm doing here is to use Fractals to help with determining Market Structure and instead of using Candle Colour to determine Trade direction I'm using Market Structure to determine my Trade Bias. It means in times of consolidation there will be far less false signals. The two charts below, I hope, explains things clearly, let me know if it's not clear. {image} {image}
Thank you so much Steve, I love peak and trough strategy. I will follow it with you.
If you believe in yourself anything is possible !!
  • #209
  • Jul 1, 2015 10:57am Jul 1, 2015 10:57am
I'm looking for a way to simplify and improve my trading.

Draw TrendLines from Fractal to Fractal

Setup Candle = a Break of the Fractal TrendLine and the 8 SimpleMA

Set a Pending Sell/Buy Stop at the Bottom/Top of the Setup Candle

Stop Loss at Bottom/Top of Setup Candle

Take profit at 1.5R

Move Stop Loss to break Even at 1R
Attached Image (click to enlarge)
Click to Enlarge Name: 1st July 15 GBP:USD D1 Chart.png Size: 137 KB
  • #210
  • Jul 1, 2015 11:38am Jul 1, 2015 11:38am
TrendLine goes Fractal to Fractal wait for a Break and Close past the Fractal TrendLine and the 8 SimpleMA.

Take a look, see how it works for you put your own twist on it, you never know…...
Attached Image (click to enlarge)
Click to Enlarge Name: 1st July 15 USD:CAD D1 Chart.png Size: 124 KB
  • #211
  • Jul 1, 2015 12:20pm Jul 1, 2015 12:20pm
Quoting stevepatt
TrendLine goes Fractal to Fractal wait for a Break and Close past the Fractal TrendLine and the 8 SimpleMA. Take a look, see how it works for you put your own twist on it, you never know... {image}
Hi Stevepatt,
would you be so kind to update page 1 with the new template. Thanks
  • #212
  • Jul 1, 2015 12:36pm Jul 1, 2015 12:36pm
Quoting stevepatt
TrendLine goes Fractal to Fractal wait for a Break and Close past the Fractal TrendLine and the 8 SimpleMA. Take a look, see how it works for you put your own twist on it, you never know... {image}
Thank you Stevepatt.

Seems an excellent strategy, thx to let us know about it.

Take care
  • #213
  • Jul 1, 2015 2:59pm Jul 1, 2015 2:59pm
AUD/USD D1 Pending Sell Stop
Attached Image (click to enlarge)
Click to Enlarge Name: 1st July 15 AUD:USD D1 Chart.png Size: 133 KB
  • #214
  • Jul 5, 2015 1:53am Jul 5, 2015 1:53am
GBP/USD D1 Short Trade is still running
AUD/USD D1 Short Trade is still running
USD/JPY D1 Short Trade is still running

I have also uploaded the indicators and template I'm using at the moment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5th July 15 GBP:USD D1 Chart.png Size: 102 KB
Click to Enlarge Name: 5th July 15 AUD:USD d1 Chart.png Size: 84 KB
Click to Enlarge Name: 5th July 15 USD:JPY D1 Chart.png Size: 99 KB
Attached File(s)
File Type: zip Fractal_Trendline_Break_of 8SMA.zip   48 KB | 347 downloads
  • #215
  • Jul 5, 2015 5:44am Jul 5, 2015 5:44am
GBP/CHF D1 Short Setup

GBP/NZD hasn't yet setup for a Short Trade but it's one I'm keeping an eye on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5th July 15 GBP:CHF D1 Chart.png Size: 113 KB
Click to Enlarge Name: 5th July 15 GBP:NZD D1 Chart.png Size: 94 KB
  • #216
  • Jul 5, 2015 11:10am Jul 5, 2015 11:10am
Quoting stevepatt
GBP/USD D1 Short Trade is still running AUD/USD D1 Short Trade is still running USD/JPY D1 Short Trade is still running I have also uploaded the indicators and template I'm using at the moment. {image} {image} {image} {file}
Thanks Stevepatt for the template and the indicators. Ayour2a
  • #217
  • Jul 5, 2015 11:13pm Jul 5, 2015 11:13pm
Quoting stevepatt
GBP/CHF D1 Short Setup GBP/NZD hasn't yet setup for a Short Trade but it's one I'm keeping an eye on. {image} {image}
GBP/USD D1 Short TP Hit +150 Pips +1.5R +1.5% Return
AUD/USD D1 Short TP Hit +158 Pips +1.5R +1.5% Return
USD/JPY D1 Short SL Hit +85 Pips +0.84R +0.81 Return

GBP/CHF Pending Sell Stop in place
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6th July 15 GBP:USD D1 Chart.png Size: 332 KB
Click to Enlarge Name: 6th July 15 AUD:USD D1 Chart.png Size: 99 KB
Click to Enlarge Name: 6th July 15 USD:JPY D1 Chart.png Size: 108 KB
Click to Enlarge Name: 6th July 15 GBP:CHF D1 Chart.png Size: 105 KB
  • #218
  • Jul 6, 2015 1:02am Jul 6, 2015 1:02am
hi steve

what results had past week with fractals tredlines?
thanks friend
  • #219
  • Jul 6, 2015 7:34am Jul 6, 2015 7:34am
Quoting dimdel
hi steve what results had past week with fractals tredlines? thanks friend


Hi dimdel;

I only started Trading this method last week but it looks the most promising of all the Swing Trading Methods I've looked at.

I'm Trading EUR/USD - GBP/JPY - GBP/CHF - USD/CAD - GBP/NZD - GBP/CAD - NZD/JPY - GBP/USD - AUD/USD - AUD/JPY - Gold - USD/JPY - EUR/JPY

USD/CAD D1 Long Trade Setup Monday 29th June TP Wednesday 1st July +1.5R
GBP/USD D1 Short Trade Setup Wednesday 1st July TP Monday 6th July +1.5R
AUD/JPY D1 Short Trade Setup Wednesday 1st July TP Friday 3rd July +1.5R
AUD/USD D1 Setup Trade Short Thursday 2nd July TP Monday 6th July +1.5R
USD/JPY D1 Setup Trade Short Friday 3rd July SL Monday 6th July +0.84R

So for the week +6.84R

Risking 1% per Trade would net +6.81%

I'm finding Breakout Swing Trading easier to implement then I did Pullback Trend Trading.
  • #220
  • Jul 6, 2015 10:51am Jul 6, 2015 10:51am
Quoting stevepatt
{quote} Hi dimdel; I only started Trading this method last week but it looks the most promising of all the Swing Trading Methods I've looked at. I'm Trading EUR/USD - GBP/JPY - GBP/CHF - USD/CAD - GBP/NZD - GBP/CAD - NZD/JPY - GBP/USD - AUD/USD - AUD/JPY - Gold - USD/JPY - EUR/JPY USD/CAD D1 Long Trade Setup Monday 29th June TP Wednesday 1st July +1.5R GBP/USD D1 Short Trade Setup Wednesday 1st July TP Monday 6th July +1.5R AUD/JPY D1 Short Trade Setup Wednesday 1st July TP Friday 3rd July +1.5R AUD/USD D1 Setup Trade Short Thursday 2nd July TP...
so it seems very good
worth for a serius second view

thanks
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