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M5 Trend Hunt Scalping System - GJ

  • #41
  • Jul 1, 2016 1:36am Jul 1, 2016 1:36am
Quoting fredgold3434
i made this short according the rules. and got great pips. {image}
Good pips you got there, well done friend.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 copy.jpg Size: 165 KB


1. It's my entry of short
2. It's your entry of short

Both showing the same PA, see the yellow box on the left before our entries? That's the retracement but no bull power, that's why the price coming back down.
All the indies showing the same signal as well.
  • #42
  • Jul 1, 2016 2:52am Jul 1, 2016 2:52am
Quoting liquidice
{quote} Good pips you got there, well done friend. {image} 1. It's my entry of short 2. It's your entry of short Both showing the same PA, see the yellow box on the left before our entries? That's the retracement but no bull power, that's why the price coming back down. All the indies showing the same signal as well.
Hy,

i have a question regarding your rules for this trading.
your rules say (in red):

Long Rules :
1. Vortex : Blue should be above Red Line
2. TrendWave : Green above Red Trend Line, both should be ABOVE the Red Horizontal line (positive value)
3. Fractals : Price breaking above fractals (blue Fractal)
4. DodaBBands : Should Be BLUE

Short Rules :
1. Vortex : Red should be above Blue Line
2. TrendWave : Red above Green Trend Line, both should be BELOW the Red Horizontal line (negative value)
3. Fractals : Price breaking below fractals (Magenta Fractal)
4. DodaBBands : Should Be Red

In your example you enter when the Fractals are not broken and fredgold343 did.
Are there any changes to the rule?

D.
  • #43
  • Jul 1, 2016 3:14am Jul 1, 2016 3:14am
Quoting DirkH143
{quote} Hy, i have a question regarding your rules for this trading. your rules say (in red): Long Rules : 1. Vortex : Blue should be above Red Line 2. TrendWave : Green above Red Trend Line, both should be ABOVE the Red Horizontal line (positive value) 3. Fractals : Price breaking above fractals (blue Fractal) 4. DodaBBands : Should Be BLUE Short Rules : 1. Vortex : Red should be above Blue Line 2. TrendWave : Red above Green Trend Line, both should be BELOW the Red Horizontal line (negative value) 3. Fractals : Price breaking below fractals (Magenta...
Hi DirkH143,

Those rules are for the best condition, they most likely to give you the best result from my experience.
As for my trades just now it came from my experience and given the indies showing the same signals, then I will trade the PA.

The Market is very dynamic, they always changing, we have to spot which trade is good trade and which is bad. There's really no 100% rules or holygrail.
The point is to make money right? Do everything you can to bank in those pips .
  • #44
  • Edited 6:04am Jul 1, 2016 4:49am | Edited 6:04am
This could be Long ... wait for the candle to close

Edit : Or I could be wrong .. .. what I see a break of 135 ish could bring it back to 133 ish .. lets see
  • #45
  • Jul 1, 2016 11:48am Jul 1, 2016 11:48am
This few last trades I'm feeling a little speculative ... taking some losses, closing too early (as usual) .. Lesson learned that you have to trust your chart and be patient.
The market move not according to your will, we have to respect the market and get along with it.

Attached Image (click to enlarge)
Click to Enlarge Name: HIt.jpg Size: 135 KB


Happy weekend everyone.
  • #46
  • Jul 1, 2016 8:16pm Jul 1, 2016 8:16pm
Thanks for sharing this useful indicator. Cause spread for GJ is usually higher than common pairs and also if TP only less than 50 pips (5 digit), I will try first on demo next Monday.
  • #47
  • Jul 1, 2016 10:07pm Jul 1, 2016 10:07pm
Quoting niagara33
Thanks for sharing this useful indicator. Cause spread for GJ is usually higher than common pairs and also if TP only less than 50 pips (5 digit), I will try first on demo next Monday.
Hi niagara33,

No worries friend, I'm 'obliged' to share it, since I get so much knowledge from FF and the world, It's only fair if I share it back
  • #48
  • Jul 1, 2016 10:24pm Jul 1, 2016 10:24pm
I just realize 1 thing, In a Downtrend and PA is Bearish, when a Vortex crossing Blue above Red, it might be a good shorting opportunity.

Yellowbox : Vortex crossing

Attached Image (click to enlarge)
Click to Enlarge Name: Good.jpg Size: 203 KB


After that, the price continue to fall.

This should work vice versa. CMIIW.
  • #49
  • Jul 2, 2016 10:03am Jul 2, 2016 10:03am
Hi, liquidice,

First time to read this thread. Interesting! Is the indicator repainting?
  • #50
  • Jul 2, 2016 10:34am Jul 2, 2016 10:34am
Quoting Sunnybeach
Hi, liquidice, First time to read this thread. Interesting! Is the indicator repainting?
Hi Sunnybeach,

All of them are not repainting, the fractals will shift dynamically to show a breakout or a new S/R though. Depends on the PA.

Repaint confuses my judgement.
  • #51
  • Jul 2, 2016 5:39pm Jul 2, 2016 5:39pm
Hi liquidice, based on your experince, what is the best time to trade? Tokyo, London Open, London close, US open, all?
  • #52
  • Jul 2, 2016 10:29pm Jul 2, 2016 10:29pm
Quoting niagara33
Hi liquidice, based on your experince, what is the best time to trade? Tokyo, London Open, London close, US open, all?
This is a good question, I was just thinking about it yesterday, from my experience maybe around asian and London open. Do share here if you spot the best time friend
  • #53
  • Jul 3, 2016 3:09am Jul 3, 2016 3:09am
hi liquidice
Does your system works only on GJ 5M or other pairs and time frames too?
regards
fred
  • #54
  • Jul 3, 2016 5:07am Jul 3, 2016 5:07am
Quoting fredgold3434
hi liquidice Does your system works only on GJ 5M or other pairs and time frames too? regards fred
I try and play around with GJ other time frames but I like the best on M5, it gives a clearer signal.

Haven't tried with other pairs yet, I'm focusing with one pair to get a better knowledge how the PA's are.​
  • #55
  • Jul 5, 2016 4:16am Jul 5, 2016 4:16am
Quoting liquidice
This could be Long ... wait for the candle to close Edit : Or I could be wrong .. .. what I see a break of 135 ish could bring it back to 133 ish .. lets see
Happening now.
  • #56
  • Jul 5, 2016 6:44am Jul 5, 2016 6:44am
I think I Might try to trade EU now, since there are plenty plenty of great trader on the EU forum, will try to align their views with the Indies, follow the trend.
  • #57
  • Jul 5, 2016 10:31am Jul 5, 2016 10:31am
Quoting liquidice
I think I Might try to trade EU now, since there are plenty plenty of great trader on the EU forum, will try to align their views with the Indies, follow the trend.
So far 3 out of 5 trades are right. Will study more to get a feel of the PA.

Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 124 KB


Think the system works as well with EU M5, must wait for all the indies to be aligned for good result. Still have to set your SL to protect your capital.
  • #58
  • Last Post: Sep 11, 2017 7:46pm Sep 11, 2017 7:46pm
If anyone is still using this, I would do a couple of things

1. Use a Currency Strength Meter = CSM, most show short term strength anyway, so find the top & bottom currency and go to that pair

For example, the AUDUSD on this chart, oh, and if the number is greater than 5, trades are better

2. If you really need a Fractal, use Fractals Mod (search FF) as it draws a straight line

Looks to me the other indicators can be dropped, just go with the strong moves, depends a lot on time of day or news

Keep an eye on the larger support / resistance levels or any Daily candle pattern that gave signal

I would probably just go with the DD-Bands, have an EA that automatically puts SL and TP, maybe 10 or so

Good luck all
Attached Image(s) (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
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