setted Breakeven...funny day!
First rule is not to lose. Second rule is not to forget the first rule...
Hi theFxPros, Could you please summarize your trading methodology please? Thanks in advance !
guys my strategy is very simple. I always keep in mind the trend shape. If a pair has to trending up, it has to start behaves like this https://aldigozaliproject.files.word...01/uptrend.png and viceversa like this https://aldigozaliproject.files.word.../downtrend.png. I just search for this behavior in range bars and then enter with trendline breaks, indicator allignment, currency power meter and so on. I scalp 1 or 2 or 3 pip charts so my target are quite always very tiny. If the candlestick analysis shows me in higher timeframes a clear and strong trend i try to hold the trade longer like this in audusd
Let's see step by step what i look for.
Let's assuming i am on a audusd 1 pip per bar range bar like this:
The first thing i do is drawing a zig zag by lines like this:
What do i see here? i see a possible trend change beacause i have a lower low, so i wait for the next high. Next high is according to bearish trend shape and i search to enter here:
Same after a while, that blu zone is the possible trigger zone for short entries, same behavior, lower highs, lower lows...
Avoid unclear market, add indicators, multitimeframe analysis and whatever you want but the first trigger of your trades must be PRICE ACTION! Take profit and take stop loss, TAKE STOP LOSS same way you collect profits, don't let your losing position increase and with a lot of practice you will improve in taking good trades.
First rule is not to lose. Second rule is not to forget the first rule...
Avoid unclear market, add indicators, multitimeframe analysis and whatever you want but the first trigger of your trades must be PRICE ACTION! Take profit and take stop loss, TAKE STOP LOSS same way you collect profits, don't let your losing position increase and with a lot of practice you will improve in taking good trades.
I'm still trying to find a good and simple trend indicator but it's not easy... looks like that the simpliest way to trade are japanese candlestick patterns - looking for a reversal patterns on a default chart and finding a good entry setup on RB chart 
and of course trading with trend Trade or not to trade - that is the question...
- #867
- May 13, 2016 12:40pm May 13, 2016 12:40pm
{quote} Hey fxpros would u mind to share that sw heiken ashi ? tnx
Here you go!
you need both indicators in order to make it work.
friendly regards
Pepe
First rule is not to lose. Second rule is not to forget the first rule...
- #868
- May 13, 2016 12:44pm May 13, 2016 12:44pm
{quote} sometimes price action is not enough for range bars
Maybe you would like to try this one?
friendly regards
Pepe
First rule is not to lose. Second rule is not to forget the first rule...
{quote} Hey Pepe i appreciate your complete honesty... best regards about that indi above... step ma of rsi ... do you use it with default settings..? i attached it to my chart it works well but on Rbars it shows nothing !
Hi, these are the settings for both emas
First rule is not to lose. Second rule is not to forget the first rule...
tnx i tried in 2 different platforms, although it works fine on time candles still not working on Rbars..! (platforms are update too) any idea what could be the problem ? cheers
Probably you just have to reduce stepsize and sensitivity options. Me too when attach it on higher range bar size chart doesn't display nothing!Hope it helps!
First rule is not to lose. Second rule is not to forget the first rule...
{quote} owh ok i got it
its just work for me in sensivity :3 and step size: 1
how often do u use this tool in ur trades ?
by the way it dosnt repaint right?
cheers
{quote} thank u pepe yes it was that cuz... ! its just work for me in sensivity :3 and step size: 1 how often do u use this tool in ur trades ? by the way it dosnt repaint right? cheers
i usually use this kind of approach: One tool setted in slow mode (on in higher timeframe or sizeframe) and a fast tool in the timeframe/sizeframe where i open positions. If i use 1 pip range bars for entering trades, i look at 2/3 pip range bars chart and M1/M5 regular timeframe.
If i use only candlestick (rare) i do the same: an higher timeframe as guide and a shorter timeframe where i enter. M1 with M5/M15. Or M5 with M30/H1 and so on.
All of indicators posted here don't repaint but they do if used in multi timeframe mode, as it is normal they do.
Pepe
First rule is not to lose. Second rule is not to forget the first rule...
theFXpros could you post this please. It looks like a pip size calculator based on risk. Am I correct? {image}
no no. That is the DOM of ninjatrader when i used to trade futures. It is for open and manage orders in ninjatrader.
First rule is not to lose. Second rule is not to forget the first rule...