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Hippiedog's Keep it Stupid Simple

  • #121
  • Oct 15, 2015 12:36pm Oct 15, 2015 12:36pm
Hallo hippiedog,

Do you mean we open sell and buy position at the same time at the open of the wee?
Thanks,


Quoting hippiedog
This is not something I have done yet but thought I would run the idea on just one pair as to the result of buy/selling every new week when the markets open and closing the trade in profit at the end of the week when markets close leaving the negative trade open until in profit, then the following week buy/sell again and so on and so on... I don't know result across the board on say 10 pairs as a alternative extremely lazy hedge system... but there could be something in this, and not a bad result for less than 5 minutes work a week if you are patient.......
  • #122
  • Oct 15, 2015 12:59pm Oct 15, 2015 12:59pm
Quoting antonsatu
Hallo hippiedog, Do you mean we open sell and buy position at the same time at the open of the wee? Thanks, {quote}
Hi antonsatu

Yes that is how I tested this on pair in the attached images...

Example: 12am Monday or Sunday 9pm GMT or whatever where ever you are in the world.
buy1 and sell 1 at same time......
Then Friday results buy + 75 pips profit so close it, sell -75 pips negative so leave open...
Then when markets open again after weekend repeat process buy1 and sell1 at the same time again followed by closing the trade in profit on the Friday evening...
FREEDOM IS SECURITY.
  • #123
  • Oct 15, 2015 3:09pm Oct 15, 2015 3:09pm
Quoting hippiedog
This is not something I have done yet but thought I would run the idea on just one pair as to the result of buy/selling every new week when the markets open and closing the trade in profit at the end of the week when markets close leaving the negative trade open until in profit, then the following week buy/sell again and so on and so on... I don't know result across the board on say 10 pairs as a alternative extremely lazy hedge system... but there could be something in this, and not a bad result for less than 5 minutes work a week if you are patient.......
Hi Hippie!
In the end of the week I close EurUsd sell (positive) an leave buy (negative).
What do I do in the morning of monday:
- open new sell and new buy
or
- open new sell only
?
Thank you!
Just an opinion. Based on research
  • #124
  • Oct 15, 2015 3:23pm Oct 15, 2015 3:23pm
Quoting since80808
{quote} Hi Hippie! In the end of the week I close EurUsd sell (positive) an leave buy (negative). What do I do in the morning of monday: - open new sell and new buy or - open new sell only ? Thank you!
Hi since80808

Yes leave negative open.
Open new sell and new buy Monday morning.
At end of week on friday close only positive position.
Repeat process.
FREEDOM IS SECURITY.
  • #125
  • Oct 16, 2015 8:15am Oct 16, 2015 8:15am
I'm afraid about trending periods. Example:
Uptrend
Monday open buy, open sell
Friday close buy (+10), leave sell (-10)
Monday open buy, open sell
Friday close buy (10+10), leave sell (-10-10)
...
? Can't understand final
Just an opinion. Based on research
  • #126
  • Oct 16, 2015 8:53am Oct 16, 2015 8:53am
In this method
Quoting hippiedog
When price meets that line and that is your signal
do we wait for candle close above the line?
Thanks!
Just an opinion. Based on research
  • #127
  • Edited 9:40am Oct 16, 2015 9:14am | Edited 9:40am
And the last question

Here
Quoting hippiedog
A great example of the power of rejection wick high
you propose horisontal lines as targets.
But here
Quoting hippiedog
Very simple a non trader can become a trader in a day with this strategy...
the same lines are triggers for opening positions.

I'm strongly intersted in your method. Please tell,
which kind of using these lines (previos highs projections) are most useful from your experience?

THANK YOU!
Just an opinion. Based on research
  • #128
  • Oct 16, 2015 11:36am Oct 16, 2015 11:36am
Hi Since

Yes two ways of trading, using different methods...

The trading methods here allow you trade up to previous high and also beyond previous high or low in a down trend.

One is simply using rejection wick high as the resistance line from previous high and when price breaks apply trades with 10 pips stops and take profit at the horizontal line and/or trade many positions and let other trades run...

The other is a trade based on recent volatility using the Average true range indicator (ATR). When price is trending the horizontal line represents the most recent high in the trend, price has then pulled back and until that previous high is broken there is chance of trend change...
So using the ATR at a setting of 4 it will give you the average range of pip move for the last 4 candles... You then apply that range number to your trade and apply stop at 60 EMA... This trading method has an extremely high win rate but the down side is that the majority of the time the risk is far greater than the reward.. but like I said, extremely high win rate.. Always do your own back testing though buddy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ATR$.png Size: 82 KB
Click to Enlarge Name: Nk1.png Size: 88 KB
Click to Enlarge Name: Nk2.png Size: 85 KB
FREEDOM IS SECURITY.
  • #129
  • Oct 16, 2015 12:37pm Oct 16, 2015 12:37pm
The power of keltner channels..
Attached Image (click to enlarge)
Click to Enlarge Name: keltner1.png Size: 150 KB
FREEDOM IS SECURITY.
  • #130
  • Oct 16, 2015 3:32pm Oct 16, 2015 3:32pm
Thank you, Hippie!
[quote=hippiedog;8544783two ways of trading, using different methods[/quote]
Are your triggers in these 2 methods crossing signal lines or closing bars after crossing them?
Just an opinion. Based on research
  • #131
  • Oct 16, 2015 7:29pm Oct 16, 2015 7:29pm
Hi Since

As soon as you have a CLOSE over the line, make sure it is not a wick above and lower close, the candle body must close over the line.

That is the rules but eventually you will get used to it and just know your limits how far you can push things.
FREEDOM IS SECURITY.
  • #132
  • Oct 16, 2015 7:33pm Oct 16, 2015 7:33pm
GBP/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guyear.png Size: 113 KB
Click to Enlarge Name: guyear1.png Size: 108 KB
Click to Enlarge Name: guyear2.png Size: 107 KB
Click to Enlarge Name: 22222222.png Size: 99 KB
FREEDOM IS SECURITY.
  • #133
  • Oct 16, 2015 8:21pm Oct 16, 2015 8:21pm
Quoting hippiedog
AUD/NZD Oct 15 1:30AM GMT Unemployment rate, employment change... Possible set up, just another way of trading easy... {image} {image} {image} {image} {image} {image} {image} {image}
Anybody in this, if it passes 1.05/1.04 be prepared to go to 1.0
Attached Image (click to enlarge)
Click to Enlarge Name: YEARAUDNZD.png Size: 104 KB
FREEDOM IS SECURITY.
  • #134
  • Oct 20, 2015 10:48am Oct 20, 2015 10:48am
Hi Hippie!
Again and again I lose pips this way:
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 39 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 38 KB

What am I doing wrong?
Thank you!
Just an opinion. Based on research
  • #135
  • Oct 20, 2015 11:07am Oct 20, 2015 11:07am
Quoting hippiedog
For anybody who is relatively new to trading and does not like high risk trading then this is some good advice for you to be able to know trend direction... Only buy when price is above the 15 EMA and both the 15 EMA and 30 EMA are above the 60 EMA this is an uptrend so do not Sell. Only sell when price is below the 15 EMA and both the 15 EMA and 30 EMA are below the 60 EMA this is a downtrend so do not buy. When to buy when price is below the 15,30 and 60 EMA is when you are confident of a trend change, or trend pullback, the initial pull back...
Hi Since

4H is down... Have a read of quote post.
This may be bottom of swing on 4H so wait a while or look for another market with better conditions.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad since.png Size: 52 KB
FREEDOM IS SECURITY.
  • #136
  • Oct 20, 2015 11:21am Oct 20, 2015 11:21am
Hi Since

Eur/Cad does not have great market conditions buddy...
The recent history is showing 1 or 2 trades if you are lucky.
Attached Image (click to enlarge)
Click to Enlarge Name: no potetntial.png Size: 63 KB
FREEDOM IS SECURITY.
  • #137
  • Oct 20, 2015 1:30pm Oct 20, 2015 1:30pm
Quoting hippiedog
A great example of the power of rejection wick high, Ema trading and splitting your trade into 2 positions for ultimate profit.. In just two weeks one just currency pair alone has made 1141 pips profit... Check it out... {image} {image} {image} {image} {image}
What pairs do you recomend here?
What is the best TF (not to big for SL=10) from your experience?
And, please, SL=10 or SL=10+spread?
Thank you!
Just an opinion. Based on research
  • #138
  • Oct 20, 2015 2:02pm Oct 20, 2015 2:02pm
Quoting since80808
{quote} What pairs do you recomend here? What is the best TF (not to big for SL=10) from your experience? And, please, SL=10 or SL=10+spread? Thank you!
Hi Since

All the markets, currency, indices, metals etc etc... all of them are excellent for this style of trading, it is down to you to find the right conditions to trade buddy..

Not one market does the same thing perfectly all day long.

10 pip stop or 10 pip + spread, traders choice...

I use 10 pip stop.
FREEDOM IS SECURITY.
  • #139
  • Oct 20, 2015 2:53pm Oct 20, 2015 2:53pm
Hippie, one more question:
Why did you made line like this (my vision is black line)
Attached Image

? I mean how do you know the "right" wick to draw?
Thank you for your time!
Just an opinion. Based on research
  • #140
  • Edited 3:25am Oct 21, 2015 3:06am | Edited 3:25am
Quoting since80808
Hippie, one more question: Why did you made line like this (my vision is black line) {image} ? I mean how do you know the "right" wick to draw? Thank you for your time!
Hi since

black line is an example of rejection wick but price is not above the EMA's, what is absolutely key is to check overall conditions on all time frames 1H 4H and daily prior to attempting an entry in to a trend change, so the lines drawn here should also fit in with diagonal resistance on 4H.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15min1.png Size: 98 KB
Click to Enlarge Name: 1H1.png Size: 95 KB
Click to Enlarge Name: 4H1.png Size: 93 KB
Click to Enlarge Name: 22222222.png Size: 99 KB
FREEDOM IS SECURITY.
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