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  • #141
  • Oct 11, 2016 9:52am Oct 11, 2016 9:52am
Quoting LuXing
{quote} Avg spread on GCHF is maybe high-ish ? Entry and SL on GJ, good for quite some pips LuXing {image}
Yep GCHF is not tradable from M1, but M5 is fine, thats why i pointed out m5 only.


Lets see if UMXN can close above highs, it opens further upside. Dollar is printing upside move across all pairs atm for larger move 100+ pips.
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  • #142
  • Oct 11, 2016 9:55am Oct 11, 2016 9:55am
Quoting JAKammus
{quote} You seem to prefer longer trend break. Is that right?
Hm not exactly sure what you mean. Perhaps you meant i would like to see more candles in structures for which i look for break? If so then yes.
  • #143
  • Oct 11, 2016 9:57am Oct 11, 2016 9:57am
Quoting janpec1000
EA in. {image}
Took 10 pips.
  • #144
  • Oct 11, 2016 10:05am Oct 11, 2016 10:05am
Sold AU.
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  • #145
  • Oct 11, 2016 10:06am Oct 11, 2016 10:06am
Seem reasonable ? Trendline, entry, SL & TP ?

LuXing
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Wisdom begins in wonder
  • #146
  • Oct 11, 2016 10:09am Oct 11, 2016 10:09am
Quoting janpec1000
Sold AU. {image}
Stoped for 2.
  • #147
  • Oct 11, 2016 10:10am Oct 11, 2016 10:10am
Quoting LuXing
Seem reasonable ? Trendline, entry, SL & TP ? LuXing {image}
The short you have plotted is not entry becouse candle that has confirmed breakout has closed too far away from trendline.
  • #148
  • Oct 11, 2016 10:12am Oct 11, 2016 10:12am
Quoting janpec1000
Gold H1, gona look for some longs tomorrow. {image}
Its going nicely to target but i didnt get any trade in becouse spread is too large today.
  • #149
  • Oct 11, 2016 10:20am Oct 11, 2016 10:20am
Quoting janpec1000
{quote} The short you have plotted is not entry becouse candle that has confirmed breakout has closed too far away from trendline.
"Distance is never measured by pips, you want to adapt to volatility which means that what guides you for distance is visual percentage distance of your actual TP on setup. If distance is larger than 20% of TP on structure, that is the number that exceeds quallified entry."

- Candle closed 3 pips under trendline, but should not be measured like this.
- Adapt to volat. Mmm, candle breaking the trendline was double of M1 Average Candle Size (480 periods). 4 pips instead of 2 pips.
- So if candle close below trendline > 20% of TP, I should have;

a. aimed for more TP, too risky for this pair IMHO
b. stayed out altogether

I´ll go with the b for beer ;-)

LuXing
Wisdom begins in wonder
  • #150
  • Oct 11, 2016 10:41am Oct 11, 2016 10:41am
Last night at the Asian session I made 30 pips in 5 trades. No losses. I've been looking for ways to improve the odds. Have you tried trading only in the direction of the 1H trend for example? Or looking for impulse legs in the 15M. Thats how I found this setup here.
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  • #151
  • Oct 11, 2016 10:45am Oct 11, 2016 10:45am
Closed it. +10pips on EURUSD
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  • #152
  • Oct 11, 2016 10:53am Oct 11, 2016 10:53am
Quoting JAKammus
Closed it. +10pips on EURUSD {image}
Good.
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As from your previous question to be honest i didnt do clear statistical count to confirm if with trend or use of impulse legs has advantage. If you would want that info you would have to do the counting on historical charts yourself, it could be benefitial but its a lot of work, it will take you several hours to get any relaiable info. Historical statistical counts are always benefitial to system that you trade becouse they provide info where system can be scaled to if needed.

One thing that i do know however, if you trade in direction of H1 breakout setup and you use large M1 TP you will certainly have more odds for that trade to TP than if you would not be following any particular patterns of higher TF.
  • #153
  • Oct 11, 2016 10:54am Oct 11, 2016 10:54am
Another +5 pips on EURUSD. I don't think it was accordingly to the rules of this thread, but since we had a big retracement in the previous swing I expected a low projection, which happened. So I waited for a a break upwards to get in with 1:1 RR. Worked out great!
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  • #154
  • Oct 11, 2016 10:56am Oct 11, 2016 10:56am
Quoting LuXing
{quote} "Distance is never measured by pips, you want to adapt to volatility which means that what guides you for distance is visual percentage distance of your actual TP on setup. If distance is larger than 20% of TP on structure, that is the number that exceeds quallified entry." - Candle closed 3 pips under trendline, but should not be measured like this. - Adapt to volat. Mmm, candle breaking the trendline was double of M1 Average Candle Size (480 periods). 4 pips instead of 2 pips. - So if candle close below trendline > 20% of TP, I should...
Always go with beer option.
  • #155
  • Oct 11, 2016 10:57am Oct 11, 2016 10:57am
Quoting janpec1000
{quote} Good. {image} As from your previous question to be honest i didnt do clear statistical count to confirm if with trend or use of impulse legs has advantage. If you would want that info you would have to do the counting on historical charts yourself, it could be benefitial but its a lot of work, it will take you several hours to get any relaiable info. Historical statistical counts are always benefitial to system that you trade becouse they provide info where system can be scaled to if needed. One thing that i do know however, if you trade...
Great feedback! Thanks. I was wondering if you actually moved the SL to BE+1 or something. So basically you TS following rejection candles? What do you consider a rejection candle?
  • #156
  • Oct 11, 2016 10:58am Oct 11, 2016 10:58am
Quoting JAKammus
Another +5 pips on EURUSD. I don't think it was accordingly to the rules of this thread, but since we had a big retracement in the previous swing I expected a low projection, which happened. So I waited for a a break upwards to get in with 1:1 RR. Worked out great! {image}
Nothing wrong with that trade, however i would trade this one only from lower TF, having tick chart on to be precise on the breakout since you have per candle trendline where highs of each candle form actual highs that trendline is following. Its really important to be in quick, otherwise you keep decreasing RR.
  • #157
  • Oct 11, 2016 10:59am Oct 11, 2016 10:59am
Quoting JAKammus
{quote} Great feedback! Thanks. I was wondering if you actually moved the SL to BE+1 or something. So basically you TS following rejection candles? What do you consider a rejection candle?
Rejection candle is if you have ascending trendline and it breaks, and then candle retests it and goes lower forming bearish pinbar that would be rejection candle. Oposite for bull setup.
  • #158
  • Oct 11, 2016 11:01am Oct 11, 2016 11:01am
Quoting janpec1000
{quote} Nothing wrong with that trade, however i would trade this one only from lower TF, having tick chart on to be precise on the breakout since you have per candle trendline where highs of each candle form actual highs that trendline is following. Its really important to be in quick, otherwise you keep decreasing RR.
Yea tick chart would have been ideal. I only got in because it gave me at least the 1:1. I knew where I was going to exist so I just checked the SL to make sure it gave me the right ratio. It was risky without the tick, you are 100% correct lol. I felt confident simply because I was following the chart from the previous trade.
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  • #159
  • Oct 11, 2016 11:04am Oct 11, 2016 11:04am
Quoting janpec1000
{quote} Rejection candle is if you have ascending trendline and it breaks, and then candle retests it and goes lower forming bearish pinbar that would be rejection candle. Oposite for bull setup.
Oh ok, so basically retesting the back of the TL or maybe a SR line from previous swing? Do you trail after that? Trading in the 1M chart is tough because price can retrace and take your stop very quick.
  • #160
  • Oct 11, 2016 11:45am Oct 11, 2016 11:45am
+15 pips on GBPUSD
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