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  • #8,021
  • Aug 11, 2015 2:36pm Aug 11, 2015 2:36pm
EURUSD trade was opened.
5/15 TMA upper band was breached.
Possible continuation here since EURUSD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-11-10-58-27_OPEN.png Size: 53 KB


EURUSD closed as price hit 5min TMA upper band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-11-11-40-09.png Size: 42 KB


Profit = 18pips
  • #8,022
  • Aug 11, 2015 2:40pm Aug 11, 2015 2:40pm
USDCAD trade was opened.
5/15 TMA upper band was breached.
Possible continuation here since USDCAD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long

[Forgot to take snapshot of initial open]

USDCAD closed as price hit 5min TMA upper band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-11-10-01-09.png Size: 40 KB


Profit = 15pips
  • #8,023
  • Aug 11, 2015 2:43pm Aug 11, 2015 2:43pm
Trades today:

NZDCAD = 01 pips
USDCAD = 15 pips
CADCHF = 06 pips
EURAUD = 08 pips
EURUSD = 18 pips

Total Profit = 48pips
  • #8,024
  • Aug 11, 2015 2:44pm Aug 11, 2015 2:44pm
Quoting AJLFx
Trades today: NZDCAD = 01 pips USDCAD = 15 pips CADCHF = 06 pips EURAUD = 08 pips EURUSD = 18 pips Total Profit = 48pips
good work, as usual
  • #8,025
  • Aug 11, 2015 2:46pm Aug 11, 2015 2:46pm
Quoting clivepackham
{quote} Hi AJLFx I'm not sure I agree with some of these trades you're taking, in particular your continuation trades when the 5 or 15 min outer bands have been exceeded??? You seem to be looking for a "continuation trade" in the direction of the extended move, out side the outer bands??? I'm not surprised that you are having to use your "recovery" trades to get out of poor positions or when they do go your way they are fairly small winners. I think you're do better taking the reversals when the outer bands are exceeded, these are the extremes of...

Clive,

Believe it or not ... I find reversal trades a bit riskier for my appetite.

I do clearly understand your point.

I thought about your post and what this thread is accomplishing.
I believe I am becoming consistent trading with the short-term trend.

Yet, I am not totally averse to reversal trading.
So here is what I will try to do ...

Trade 5/15 TMA band breaches when 1min TMA turns back (using smaller size)
If reversal is against 1Hr TMA trend direction then I only want 10-15pips.

If reversal is moving back to 1HR TMA trend direction then I use larger size lots, and go for opposite TMA band.

Recovery Trades
I will continue to use "recovery" trades when appropriate.

Please note that recovery trades are not an afterthought.
Every trade I take uses MM that plans ahead for recovery in case the trade goes "south".
This is why I use it so often, and also one of the reasons why I have had very few small losses.
  • #8,026
  • Aug 11, 2015 2:55pm Aug 11, 2015 2:55pm
Gonna be my last post on this method but its definately showing us where to enter on our 1 minute charts with a high probability trade in direction of hrly channels etc.

Heres an HRLTY chart of GBPCAD showing the hRLY extremities being exceeded and the resulting trades, especially when the trades are in the direction of the hrly channel..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1 hrly chart shows us the way.png Size: 100 KB


Now I want to look in a bit more detail at those last two entries from this morning..first one goes about 100 pips second one about 150 pips..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1 nice trades 1 minute entries.png Size: 111 KB


heres the two entries on our 1 minute charts...the first one is just after the Tokyo open

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1 good entry at outer bands.png Size: 69 KB


And the second just after the London Open...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1 nice entries.png Size: 83 KB


Well thats what we're after , all very well in hindsight but can we catch them going forward??? Thats the million dollar question???

My thoughts are to have an alert go off whenever the 1 minute middle band turns then check out that chart, if its outside or around its 5 min, 15 min or even better its hrly outer bands its got to be worth a try, enter on first couple of pullbacks after the slope change back with the new trend...

Tight entries with high returns with a bit of luck...

Look for trades just after market opens...

Well thats what I'm working on now sorry its taken so long to post...heres the templates I'm using..
Attached File(s)
File Type: tpl The No Fear Trading System.tpl   378 KB | 458 downloads
Feel the Fear and do it anyway!!!
  • #8,027
  • Aug 11, 2015 3:17pm Aug 11, 2015 3:17pm
Heres the DAX template if you want to try it on the DAX too..

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1 template.png Size: 62 KB


One last template that I use sometimes which uses the TTindy set to open the top 8 trending 5 minute charts, so I'm looking to trade in the direction of the 5 minute channel looking to enter near the lower bands or even trade every middle band turn from red to green back with the trend,

But don't forget all trends come to an end so if it goes over the 15 min or hrly outer bands look for the reversal against the 5 min channel...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1 trading a strong trending 5 min channel.png Size: 87 KB


Just remember when that 5 minute channel hits the HRLY be ready for the reversal...This is the same strong trender running into its hrly upper band...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1 hrly upper band hit.png Size: 73 KB


Remember all trends come to an end.....Good luck..

EDIT: If you want to use the TTindy to open your strongest trending 5 minute charts and automatically load the right template then save the template as "default" as well then it will automatically use that template for your charts and you're get your alerts whenever price turns your way...
Attached File(s)
File Type: tpl DAX template.tpl   353 KB | 513 downloads
File Type: tpl No Fear Trading System 5 min master.tpl   355 KB | 481 downloads
Feel the Fear and do it anyway!!!
  • #8,028
  • Aug 11, 2015 3:35pm Aug 11, 2015 3:35pm
Quoting AJLFx
{quote} Clive, Believe it or not ... I find reversal trades a bit riskier for my appetite. I do clearly understand your point. I thought about your post and what this thread is accomplishing. I believe I am becoming consistent trading with the short-term trend. Yet, I am not totally averse to reversal trading. So here is what I will try to do ... Trade 5/15 TMA band breaches when 1min TMA turns back (using smaller size) If reversal is against 1Hr TMA trend direction then I only want 10-15pips. If reversal is moving back to 1HR TMA trend direction...

I understand and its certainly working for you but I did notice that your bigger winner 18 pips on the EURUSD was a buy off of the lower band so giving you the room to move to the 5 min upper band for exit. Thats what I'm talking about earlier, but like you say the main thing is you're trading with the trend so even though close to the extremeties they will go your way more often than not..

But the point is you are making pips everyday and that has gotta be good news....

I also agree about the reversal trades from outside the 15 min and hrly can be a bit hairy as we are going against the current trend so the best ones would be as I've shown in post 8026 (first chart gbpcad hrly) above when the hrly channel is going the same way as the 1 min middle band then we are trading from the hrly extremity back with the hrly trend and bigger winners should follow.

Anyway my friend you are certainly getting consistent results so carry on but maybe try to enter away from the extremeties to give yourself a chance of a bigger winner...

All the best, keep up the good work...
Feel the Fear and do it anyway!!!
  • #8,029
  • Aug 11, 2015 4:43pm Aug 11, 2015 4:43pm
follow your rules and you will be rewarded
reading some posts i can see a little not quite getting it right
i looked at the EURNZD
took my trade at 1 LOT size and here is your result
after i took this picture i closed the trade out

speaks for itself

anyone want some help,,i will help on a skype call

HEY HARRY DID YOU GET THIS ONE TOO LOL
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 64 KB
  • #8,030
  • Aug 11, 2015 5:02pm Aug 11, 2015 5:02pm
Quoting AJLFx
EURAUD trade was opened. 5/15 TMA upper band was breached. Possible continuation here since EURAUD has been bullish short term. Decided to wait for 1min TMA center to turn back to green before going Long {image} EURAUD closed as price hit 5min TMA upper band {image} Profit = 8pips
taking a long at the top of a channel??? That like a diver breathing all oxygen out of his lungs b4 diving in.top of channel you short bottom of channel you buyas well as channel heading right direction
  • #8,031
  • Aug 12, 2015 2:40am Aug 12, 2015 2:40am
Quoting devontrader
follow your rules and you will be rewarded reading some posts i can see a little not quite getting it right i looked at the EURNZD took my trade at 1 LOT size and here is your result after i took this picture i closed the trade out speaks for itself anyone want some help,,i will help on a skype call HEY HARRY DID YOU GET THIS ONE TOO LOL {image}
WHAT DO U THINK????
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2015-08-12 um 09.39.08.png Size: 62 KB
  • #8,032
  • Aug 12, 2015 2:41am Aug 12, 2015 2:41am
Quoting devontrader
Pipglutton i can see on yournchart the tma slope setting could be better... and renegade....man you spotted the perfect entry point...well done. get the alarms sorted ..... im working with a guy at the moment hoping to have a dashboard. dont ask me any questions please lol ive chatted and showed the method etc and so far henis busy coding....what comes out i dont know yet.
Hi Jason.
Suggestions on my slope settings? Any and all assistance will be greatly appreciated.
Rgds
Pieter
  • #8,033
  • Aug 12, 2015 3:26am Aug 12, 2015 3:26am
If this 3 on the 4h sticks then we will have a lot of fun on the way down.......we will see..... (I will reserve a small part of my port with a longer leash for that)


Quoting harry23
{quote} WHAT DO U THINK???? {image}
  • #8,034
  • Aug 12, 2015 5:59am Aug 12, 2015 5:59am
This could be a nice place to buy next 1 minute pullback as below hrly lower band and middle band turning green....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1 reversal setup.png Size: 62 KB


Been some nice trades down too since London Open...
Feel the Fear and do it anyway!!!
  • #8,035
  • Aug 12, 2015 6:23am Aug 12, 2015 6:23am
Quoting Pipglutton
{quote} Hi Jason. Suggestions on my slope settings? Any and all assistance will be greatly appreciated. Rgds Pieter
my hurst zip file.posted a page or 2 backload thw template and look at the slope.settings
  • #8,036
  • Edited 7:52am Aug 12, 2015 7:40am | Edited 7:52am
GBPJPY under its hrly lower band so bought this turn up on first pullback and at BE so lets see how many we get out of this hrly extreme turn..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 first pullback after turn up.png Size: 51 KB


been busy trading the DAX this morning and doing ok , trades the 1 minute middle band nicely....129 pips up so far but more beginners luck than judgement I'm sure...

EDIT: Banked 17 pips at 5 min upper band
Feel the Fear and do it anyway!!!
  • #8,037
  • Aug 12, 2015 8:12am Aug 12, 2015 8:12am
Strong surge on this GBPNZD so lets see what we can squeeze out of this...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1 what can we get out of this.png Size: 66 KB


EDIT; just 12.4 but that will do...
Feel the Fear and do it anyway!!!
  • #8,038
  • Aug 12, 2015 8:38am Aug 12, 2015 8:38am
Quoting devontrader
follow your rules and you will be rewarded reading some posts i can see a little not quite getting it right i looked at the EURNZD took my trade at 1 LOT size and here is your result after i took this picture i closed the trade out speaks for itself anyone want some help,,i will help on a skype call HEY HARRY DID YOU GET THIS ONE TOO LOL {image}
Nice bit of profit there real money?
  • #8,039
  • Aug 12, 2015 9:19am Aug 12, 2015 9:19am
Does anyone have a strategy for to avoid this? I missed it but I would had entered at the arrow. First "x" would be an ideal exit but the second "x" is where a stop loss would be placed. I was hoping if anyone else would mind sharing a different plan to avoid or limit losses.

The strategy is solid. IMO if not the best on FF... i have been spending lots of time trying to figure out how to limit losses as of now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m5-forex-capital-markets-3.png Size: 53 KB
I love forex. One day it will love me back.
  • #8,040
  • Aug 12, 2015 9:24am Aug 12, 2015 9:24am
Quoting Singha83
Does anyone have a strategy for to avoid this? I missed it but I would had entered at the arrow. First "x" would be an ideal exit but the second "x" is where a stop loss would be placed. I was hoping if anyone else would mind sharing a different plan to avoid or limit losses. The strategy is solid. IMO if not the best on FF... i have been spending lots of time trying to figure out how to limit losses as of now. {image}
The best way top limit losses like this would be to not buy in a downtrend. All of the bands are pointed down so why consider buying?
Today's zone = Tomorrow's opportunity!
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