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Trading is as simple as ABCD

  • #8,061
  • Aug 13, 2015 3:53pm Aug 13, 2015 3:53pm
Quoting AJLFx
At the moment I am using "recover" technique with a EURCAD trade I am in. Will see how it plays out ...
i can see your charts and why and where your entering

its hard for me to explain but i feel your limiting your self to the possible biger pip winners hence your small pips

let me skype with you and chat and see if we can make it better for you
  • #8,062
  • Aug 13, 2015 3:58pm Aug 13, 2015 3:58pm
EURAUD H4 on the radar

bands at top close together
1 touch into supply already
bottom right corner is the slope reading ,,,,h4 chart shows slope close to 0 cross over,,,H1 reading is slowly going do to 0 as well as M15 and M5,,these readings help me to time my entry
H4 centreline not yet turned red

stochastics still green up

so patience

inner band cycle turning at the top of daily cycle and both turning down...
great time to short a possible 500 to 600 pip move down to the bottom of the outer channel

this method is the higher timeframe..


you do the same on m1 too

beauty about this system guys is you choose whch ever timeframe you prefer to trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 62 KB
  • #8,063
  • Edited 4:20pm Aug 13, 2015 4:08pm | Edited 4:20pm
AJLFx

inner channel is 1min
--- blue is 5min channel
yellow is 15 min channel
magenta is 1hr channel

looking at the evidence of the chart
you have gone long 0.18 lots

long at the top of 1min channel----dont make sense,,,,,,should long at bottom of channels and short at the top.
your entry is 3/4 up the 5min channel,and almost the top of 15min channel.
to make it worse,,,,price is over the top of the 1hr channel

why go long??????

Had you been patient and waited for price to get to the top of the 1min channel and the 5 and 15 min channels you would find all cycles are at the top and you be in a great position for a short

the higher timeframe channel you have is 1hr channel and being at that top you would trade that 1hr channel,,,price from top to bottom,,,,,reward would be great,,,risk very little.

this is why i say you very close,,,pay attention to what the chart is saying.

your on the m1 chart,,,,if it help flick onto the M5 chart,,,price will always be 1min so on M5 chart altho no M1 channel you can see price as the 1min .

you are so close,,,,,just take care what your seeing.

simple mistake,,,,,just remember buy at the bottom of the channel sell the top

hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-12-09-05-40_OPEN.png Size: 53 KB
  • #8,064
  • Aug 13, 2015 4:27pm Aug 13, 2015 4:27pm
your result AJLFx from your long on m1 EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 75 KB
  • #8,065
  • Aug 14, 2015 8:11am Aug 14, 2015 8:11am
Very nice AJLFx, I have better results when trade with main trend...

Quoting AJLFx
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 {image} EURUSD closed as price hit 5min TMA upper band {image} Profit = 12pips
  • #8,066
  • Aug 14, 2015 8:52am Aug 14, 2015 8:52am
Quoting Miche09
Very nice AJLFx, I have better results when trade with main trend... {quote}
amazing...........you.obviously not read my posts i posted....
  • #8,067
  • Aug 14, 2015 9:03am Aug 14, 2015 9:03am
Devon......seriously....you're killing the thread
  • #8,068
  • Aug 14, 2015 10:37am Aug 14, 2015 10:37am
Quoting XxLessoxX
Devon......seriously....you're killing the thread
how?Ive simply showed how someone is trading hurst and cyclea wrong and.why there struggling to make small profit
  • #8,069
  • Aug 14, 2015 11:13am Aug 14, 2015 11:13am
This thread has been developed by Clive and great support from Devon to trade a certain way. Now somebody comes along and does mainly the opposite and another one steps in and says it's a great trade? Furthermore Devon is accused of killing the thread? Do these people know what they are talking about?.
Thanks Clive and Devon for a great thread and teaching the right way. I am taking my hat here can't stand the bs which derouted this thread.

Quoting devontrader
{quote} how?Ive simply showed how someone is trading hurst and cyclea wrong and.why there struggling to make small profit
  • #8,070
  • Aug 14, 2015 11:22am Aug 14, 2015 11:22am
Yes Devon, I have read your post, I just trade EURUSD M1 because at 1:30am when I start to trade EO (I trade only max. 2 hours, EO and LO), I just can focus on one pair and I have better result when trade with main trend....
Regards

Quoting devontrader
{quote} amazing...........you.obviously not read my posts i posted....
  • #8,071
  • Aug 14, 2015 1:32pm Aug 14, 2015 1:32pm
Quoting Miche09
Yes Devon, I have read your post, I just trade EURUSD M1 because at 1:30am when I start to trade EO (I trade only max. 2 hours, EO and LO), I just can focus on one pair and I have better result when trade with main trend.... Regards {quote}
i respect what you say...not a.problemi will say please read at least the last 10.to 15 pages and understand what is needed and do you.best.....we are here to help.any question you.ask....why because we want you to be as good as anyone else.also if.you have suggestion please say so...it.could.make it all the.better
  • #8,072
  • Aug 14, 2015 2:07pm Aug 14, 2015 2:07pm
Quoting devontrader
AJLFx inner channel is 1min --- blue is 5min channel yellow is 15 min channel magenta is 1hr channel looking at the evidence of the chart you have gone long 0.18 lots long at the top of 1min channel----dont make sense,,,,,,should long at bottom of channels and short at the top. your entry is 3/4 up the 5min channel,and almost the top of 15min channel. to make it worse,,,,price is over the top of the 1hr channel why go long?????? Had you been patient and waited for price to get to the top of the 1min channel and the 5 and 15 min channels you would...
DevonTrader,

I have been very busy lately ... just looking back at these posts.

I do clearly understand what you are saying .
I can achieve greater reward with smaller risk by waiting for possible confluence either at top or bottom of TMA bands, then preparing to ride the reversal to opposite side of band.

As I mentioned to Clive, I am not that keen on taking reversals that go against the main trend.
But there are some reversal-type trades that I do take.
For instance look at post #8058 ... http://www.forexfactory.com/showthre...83#post8435183

In that post there was confluence at bottom of bands ... but the 1hr TMA showed bullish trend.

I realize that posting my short-term "with-trend" trades may seem counter-intuitive to the thread, so I will stick with posting the charts for reversal-type trades.

Again I do appreciate what your are saying DevonTrader ... waiting for the appropriate setup.
On that note there is guy on FF who goes by the name "TaH" - Trader at Home ... that is not me
I am more like "TaW" - Trader at Work ... I have a day job and can only trade within in limited timeframe.

So I cannot afford the luxury, at this time, to wait for appropriate setup.
I need to master being consistently profitable within the limited timeframe I currently have.

I am a scalper at heart ...

If the market can be compared to a house, then I am the "termite" that eats away at it ... bit-by-bit.
While you guys might want to bring the wrecking ball, knock down the house, and carry it all away in one day ... I am content chewing on this "2x4".

Nonetheless I do appreciate Clive for allowing me on this thread, and all you guys for introducing and working with TMA bands concept.
This has helped me a great deal.
  • #8,073
  • Aug 14, 2015 2:15pm Aug 14, 2015 2:15pm
USDJPY trade was opened.
5/15 TMA upper band was breached.
Possible reversal here since USDJPY has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-14-10-01-55_OPEN.png Size: 57 KB


USDJPY closed as price trades around 5min TMA lower band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-14-10-45-06_FF.png Size: 58 KB


Profit = 11 pips
  • #8,074
  • Aug 14, 2015 2:20pm Aug 14, 2015 2:20pm
Quoting AJLFx
At the moment I am using "recover" technique with a EURCAD trade I am in. Will see how it plays out ...

Closed EURCAD today for (-11 pip) Loss.
  • #8,075
  • Aug 14, 2015 2:37pm Aug 14, 2015 2:37pm
EURCAD trade was opened.
5/15 TMA lower band was breached.
Possible reversal here since EURCAD 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-2015-08-14-10-49-45_OPEN.png Size: 54 KB


EURCAD closed as price was nearing round number

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-14-13-34-48_FF.png Size: 55 KB


Profit = 12 pips
  • #8,076
  • Aug 14, 2015 2:51pm Aug 14, 2015 2:51pm
GBPJPY trade was opened.
5/15 TMA upper band was breached.
Possible reversal here since GBPJPY has been bearish medium term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-14-10-33-35_OPEN.png Size: 58 KB


GBPJPY closed as price hit 5min TMA lower band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-08-14-10-57-36_FF.png Size: 58 KB


Profit = 17 pips
  • #8,077
  • Aug 14, 2015 2:57pm Aug 14, 2015 2:57pm
Has anyone experienced better results with Hurst bands vs TMA bands? Or vice versa?
I love forex. One day it will love me back.
  • #8,078
  • Aug 14, 2015 3:16pm Aug 14, 2015 3:16pm
Quoting Singha83
Has anyone experienced better results with Hurst bands vs TMA bands? Or vice versa?
I found they are working more exact in conjunction with channel lines above and below pa, no matter what the bands.
Bulls are stupid Animals!especially when Im short!
  • #8,079
  • Aug 14, 2015 5:59pm Aug 14, 2015 5:59pm
Do not counter trend scalp...very risky to dig out pips.

your better off trading wirh trend.....if no trade available move to next chart.


leys skype and chat and see if i can help
  • #8,080
  • Aug 15, 2015 1:06am Aug 15, 2015 1:06am
Quoting roughtrader
{quote} I found they are working more exact in conjunction with channel lines above and below pa, no matter what the bands.
pls post pic to show what you mean
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