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Forex Dynamite: Explosion of Pips ;)

  • #421
  • Mar 2, 2016 6:55am Mar 2, 2016 6:55am
Quoting sigill
{quote} Good point. On Forex.com broker, it only reached 3 pips below the breaking candle close, before reversing. So maybe V entered too quick.
That's a good example of not following the rules, I told you all not to follow this te, the story behind why I am trading like this. You will know later, I have removed te from this thread but still available on my profile for public.

Go with the rules I know what I'm doing 😊


BDW YOU PPL R ROCKING, keep it up

V
Precise Execution!
  • #422
  • Mar 2, 2016 7:08am Mar 2, 2016 7:08am
Quoting sigill
{quote} Good point. On Forex.com broker, it only reached 3 pips below the breaking candle close, before reversing.
Never even came close on FXCM demo lol
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1.png Size: 55 KB
  • #423
  • Mar 2, 2016 7:15am Mar 2, 2016 7:15am
Quoting swamp donkey
Closed GBPAUD shorts, shouldn't be too greedy ☺ {image}
How do you trade more than One at a a time on same pair. Will you use different timeframe.
Nothing is Impossible. Only one thing is Impossible . Its Impossble
  • #424
  • Mar 2, 2016 8:43am Mar 2, 2016 8:43am
Hi Varun,

thanks for sharing this system and Live acc on Trade Explorer too.
seems real and works for me.

I'll try to learn the system.. subscribed.
thanks for your kindness.
  • #425
  • Mar 2, 2016 8:46am Mar 2, 2016 8:46am
Hey V!
Thanks for sharing your system!I still learning it, and I use a different trading system. It is actually an online platform, so I cant use your MT4-s stuff, but try to built in many as I can.

Am I correct that is a bearish signal on EUR/JPY?
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_JPY.png Size: 92 KB
  • #426
  • Mar 2, 2016 8:53am Mar 2, 2016 8:53am
EJ is almost ready for a short.
H4 setup checked. H1 only has to go below MA 55
  • #427
  • Mar 2, 2016 9:03am Mar 2, 2016 9:03am
Pairs showing on DynamiteHelper/ProfileGen, with my thoughts:

AUDCAD: Something funny about the wave, not a clean LL-LH.

EURJPY: LH is broken above the H4 trend line (resistance); stochs are oversold on H1 as price is retracing back across trend line -- maybe will pull upward again, then we will see if it breaks down for signal?

GBPCAD: H1 riding up the upper BB; if it doesn't turn around soon it will be making a HH, which is against rules for a sell (need LH).

GBPUSD: H1 riding up the upper BB, plus testing 200 EMA and may be forming a HH, against rules for a sell (need LH). (Sure enough, I ran the script again and it was gone from the profile.)

So movement of the GBP pairs is similar.... something must be hap w gbp
  • #428
  • Mar 2, 2016 9:37am Mar 2, 2016 9:37am
Quoting dragos_
EJ is almost ready for a short. H4 setup checked. H1 only has to go below MA 55
Seems really reluctant to cross... the MA level is also right on the major trendline EJ had broken yesterday/today.
Additionally, this is 2nd candle on the lower BB, so it seems like a critical moment...
  • #429
  • Mar 2, 2016 10:18am Mar 2, 2016 10:18am
Quoting sigill
{quote} Seems really reluctant to cross... the MA level is also right on the major trendline EJ had broken yesterday/today. Additionally, this is 2nd candle on the lower BB, so it seems like a critical moment...
I thought to give you all a homework that why I took the ej but S, answered it already, well done S.

I'll be waiting for a better explanation, with images. This system is a miracle you just need some creativity. This is a new lesson.

V
Precise Execution!
  • #430
  • Mar 2, 2016 10:30am Mar 2, 2016 10:30am
Quoting varun76
{quote} I thought to give you all a homework that why I took the ej but S, answered it already, well done S. I'll be waiting for a better explanation, with images. This system is a miracle you just need some creativity. This is a new lesson. V
I have used up creativity on something else today.So what is expected to happen now?
  • #431
  • Edited 11:44am Mar 2, 2016 11:27am | Edited 11:44am
Quoting lightnight4
{quote} I have used up creativity on something else today.So what is expected to happen now?
Actually now we will learn a new lesson
  • #432
  • Mar 2, 2016 11:59am Mar 2, 2016 11:59am
I want to make sure I am not confused abut the rules let me know what I can refine to practice and backtest / forward test to get a handle on your system here

#1 - Look for swinging market on the H4 charts --> Making LL, LH = Selling opportunities ; HH. HL = Buying opportunities
#2 - When 4 hour color stoch = > 70 --> Looking for SELL ENTRY--> SWITCH TO 1 hour ONLY WHEN break of emas confirmed candle close 5 pips below EMAs
When 4 hour color stoch = < 30 --> Looking for BUY ENTRY -->SWITCH TO 1 hour ONLY WHEN break of emas confirmed candle close 5 pips below EMAs
Note - Rule is enter when price breaks ALL ema's on 1 hour timeframe - enter 5 pips below the close of the 1 hour candle
#3 - Look for widening of / seperation of 5,3,3 stochastic for further confirmation
#4 - Stop loss = recent swing high or low ; Take Profits = End of Heiken Ashi trend = Trade 0.01 per $100 on account for risk management
#5 - AVOID NEWS?

Questions:
I recall reading something about being cautious about the break of 200 ema (you use ema yes ?) Just wanted to ask about what we should be cautious about?
Do you use Dynamite Helper Script to find setups to look at? How many pairs you suggest we look at?
Any better exit strategy than heiken ashi you recommend?
How much time you spend on charts + any times you find are the best times to trade ? Thank you Vman!!!

Attached is all of my screenshots what I still study after going through whole thread last night. I had barely any sleep I will study like a madman over this weekend and next few days I want to get on your level Thanks again I feel this will be the key to my success I crave consistency!!!
Attached File(s)
File Type: rar Vman Examples.rar   1.9 MB | 401 downloads
  • #433
  • Edited 3:14pm Mar 2, 2016 12:39pm | Edited 3:14pm
Quoting Draganjac
Questions: I recall reading something about being cautious about the break of 200 ema (you use ema yes ?) Just wanted to ask about what we should be cautious about? Do you use Dynamite Helper Script to find setups to look at? How many pairs you suggest we look at? Any better exit strategy than heiken ashi you recommend? How much time you spend on charts + any times you find are the best times to trade ?
I'm not V (by any stretch of the imagination) but I can answer some from what he's already written.

He mentioned that the 200 EMA tends to act as S/R (posts #70, #112), so crossing it is a big deal. AFAIU, it may mean the trend has weakened or is reversing.
And yes, he said he uses a 200 EMA, but the template is actually SMA by default, so you have to change it if you want to match his (post #70).
V's been trading loooooooong before I posted those scripts here, so I highly doubt he uses them. But the criteria in the scripts is a basic, mandatory criteria in the rules, so I think it is safe --- to help narrow down what pairs to look at, without loading them all one-by-one.
There are several ways to do the Heiken Ashi exits... he first mentioned the 1 you described (post #51). V's other way he tried to explain in posts #145, #210, but I think we're waiting on clarification.

He said there are no trading hours... we take trades 24/5 (post #82), and trade pretty much every pair with an entry (#85).
I thought he said it doesn't take long at all, to check all the charts around bar time. Mbe didn't. But I SUSPECT he only spends a few minutes per hour..

edit: V is really busy--- he might not have time to unpack your rar and go through it all. The best chance of getting an opinion is to embed annotated screenshots here in real-time. I'm planning to start uberman so I can journal every hour (on my own) and post some here.
  • #434
  • Mar 2, 2016 1:22pm Mar 2, 2016 1:22pm
ej showtime Sigll, thankyou very very much, I appreciate yourhelp .

Will reply everyone tmrw tc and hava a blast

V
Precise Execution!
  • #435
  • Edited 5:50pm Mar 2, 2016 5:35pm | Edited 5:50pm
Attached Image (click to enlarge)
Click to Enlarge Name: ej_h4_idk.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ej_h1_idk.png Size: 37 KB

My late EJ entry went to profit for a bit, but now market has for 2nd time risen off top of major trend resistance and BB support. It could just be natural way downward / nothing to worry abt. But 3 out of 4 stochs are still ~oversold, and I don't like the feeling of this

This is where I get confused. Traders often lose because MMs/LPs love triggering stops to feed their order flow in same direction. So if I fold at 123.535 (prev LH), market could hit it & then drop. Waiting for HA color change should keep trade open longer.

Patience required, not included.
  • #436
  • Mar 2, 2016 5:43pm Mar 2, 2016 5:43pm
Quoting sigill
{image} {image} My late EJ entry went to profit for a bit, but now market has for 2nd time risen off top of major trend resistance and BB support. It could just be natural way downward / nothing to worry abt. But 3 out of 4 stochs are still ~oversold, and I don't like the feeling of this This is where I get confused. Traders often lose because MMs/LPs love triggering stops to feed their order flow in same direction. So if I fold at 123.535 (prev LH), market could hit it & then drop. Waiting for HA color change should keep trade open longer....
I'm still in this one, watching lower TFs for confirmation of move down. Just rejected upper BB on m15 ☺
sentiment repainting...
  • #437
  • Mar 2, 2016 5:59pm Mar 2, 2016 5:59pm
Quoting swamp donkey
I'm still in this one, watching lower TFs for confirmation of move down. Just rejected upper BB on m15 ☺
That is a good point.
A small retracement should be assessed on small TF.
  • #438
  • Mar 2, 2016 6:00pm Mar 2, 2016 6:00pm
Quoting sigill
{quote} That is a good point. A small retracement should be assessed on small TF.
Even a broken clock is correct twice a day ☺
sentiment repainting...
  • #439
  • Mar 2, 2016 6:11pm Mar 2, 2016 6:11pm
Stochastic divergence could signal good setup for GJ short and continuation of long term trend. Wait and see...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-03-03-11-09-50.png Size: 399 KB
sentiment repainting...
  • #440
  • Mar 2, 2016 6:14pm Mar 2, 2016 6:14pm
Quoting swamp donkey
Stochastic divergence could signal good setup for GJ short and continuation of long term trend. Wait and see... {image}
Wish I had Fibs on mobile platform, might point out some confluent targets ☺
sentiment repainting...
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