Start Winning - Trade the Current Trend | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What does it mean to trade with the trend - Define trend? 47 replies

Multis-trend trade EA for scalp on short trend 27 replies

Looking for indicator: alert when current price equal high/low of current bar 26 replies

"Trend" , how do you actually trace the current trend ? 23 replies

What indicator can best reflects a pair's current trend 11 replies

Attachments: Start Winning - Trade the Current Trend
Exit Attachments

Start Winning - Trade the Current Trend

  • #201
  • Nov 21, 2016 4:36pm Nov 21, 2016 4:36pm
Wizlon, I wouldn't focus on the yen trades today. They had an earthquake and a tsunami that will have an impact on the yen. The yen will usually rise in disaster times, opposite of what you would think. Then again most of forex is opposite of what you would think.....
  • #202
  • Nov 21, 2016 4:40pm Nov 21, 2016 4:40pm
Quoting wizlon32
{quote} Well done mate. Brilliant. I would probably have closed the 1st position on signs of weakness. If I had kept my eyes on that pair I would have then taken the next entry and I would again have closed on weakness. I would keep repeating as long as everything looked good as it does here. In doing so I (or you) could have made more than just keeping the first trade open and letting it ride. Also by keeping it open there is more chance that it turns on you and you don't make a bean!
Thanks Wizlon. Good job I closed my single entry when I did as price made a sharp drop back below my initial entry soon after. I'll take your advice next time about multiple small entries and taking profit as you go. 118.0 level might be fairly solid resistance for EJ, will see tomorrow.

Thanks
  • #203
  • Nov 21, 2016 4:49pm Nov 21, 2016 4:49pm
Quoting twj1usa
Wizlon, I wouldn't focus on the yen trades today. They had an earthquake and a tsunami that will have an impact on the yen. The yen will usually rise in disaster times, opposite of what you would think. Then again most of forex is opposite of what you would think.....
Thank you forrthat information and advice.Much appreciated.
Indentify > Plan > Accept > Execute
  • #204
  • Nov 21, 2016 4:58pm Nov 21, 2016 4:58pm
Time for bed I think. Had another amazing day with this strategy. Hope I can keep it up. Hope you all can too.

Catch you tomorrow.
Indentify > Plan > Accept > Execute
  • #205
  • Nov 21, 2016 6:50pm Nov 21, 2016 6:50pm
Quoting nightfox84
{quote} Also I have taken the trade and closed at 1,060 {image}
Hi there Nightfox84 and Wizlon32, would it be possible please if you could upload RSIdash indi on the lower right of Nightfox' template, I downloaded Wizlon's template but the RSIDash other than that of Lawgirls' (one with arrow symbols on top) cannot be moved.

I also searched the FF forum but cant seem to find the specific RSIDash on your template.

Thank you so much.
Attached Image (click to enlarge)
Click to Enlarge Name: rsi dash.png Size: 95 KB
If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #206
  • Nov 22, 2016 12:40am Nov 22, 2016 12:40am
Quoting geol13
{quote} m1 based on h1 shorts {image} {image}
Nice setup! It's clear to me now. thanks for the chart.
Risk comes from not knowing what you're doing.
  • #207
  • Nov 22, 2016 1:10am Nov 22, 2016 1:10am
Quoting AgaJo
{quote} Hi there Nightfox84 and Wizlon32, would it be possible please if you could upload RSIdash indi on the lower right of Nightfox' template, I downloaded Wizlon's template but the RSIDash other than that of Lawgirls' (one with arrow symbols on top) cannot be moved. I also searched the FF forum but cant seem to find the specific RSIDash on your template. Thank you so much. {image}
Are you sure you can't move the indicators yourself? seems strange.
Indentify > Plan > Accept > Execute
  • #208
  • Nov 22, 2016 1:14am Nov 22, 2016 1:14am
Quoting dragonexpert
{quote} Nice setup! It's clear to me now. thanks for the chart.
Slightly confused that you didn't understand but geol13' M1 trades made it clear.

Am I not explaining this very well?
Indentify > Plan > Accept > Execute
  • #209
  • Nov 22, 2016 1:50am Nov 22, 2016 1:50am
Quoting AgaJo
{quote} Hi there Nightfox84 and Wizlon32, would it be possible please if you could upload RSIdash indi on the lower right of Nightfox' template, I downloaded Wizlon's template but the RSIDash other than that of Lawgirls' (one with arrow symbols on top) cannot be moved. I also searched the FF forum but cant seem to find the specific RSIDash on your template. Thank you so much. {image}
Hello Agaio, sure you can move the markers just change the parameters which I illustrated.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB
  • #210
  • Nov 22, 2016 2:44am Nov 22, 2016 2:44am
Hi Wizlon and NightFox,

The RSIDash is fixed on the lowerleft corner even though I had already fixed and enyeterd the correct Y and X axis..

Guess I will just manually attached all indis and make a new template.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 97 KB
If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #211
  • Edited 3:06am Nov 22, 2016 2:54am | Edited 3:06am
Quoting AgaJo
Hi Wizlon and NightFox, The RSIDash is fixed on the lowerleft corner even though I had already fixed and enyeterd the correct Y and X axis.. Guess I will just manually attached all indis and make a new template. Thanks. {image}
Try This

Attached File(s)
File Type: tpl RSI Dash R.tpl   69 KB | 320 downloads


Your RSI Dash on the left is not correct for EURAUD. Remember you neede to change the settings of the MTF RSI Indicators to match the chart you have it on.
Indentify > Plan > Accept > Execute
  • #212
  • Nov 22, 2016 3:23am Nov 22, 2016 3:23am
Hey Wizlon32,

How did you integrate the moving average indicator into the RSI window?
Also, how did you get to choose the previous option of the moving average indicator?
I don't have that option.

Thx.
D.
  • #213
  • Nov 22, 2016 3:29am Nov 22, 2016 3:29am
Quoting DirkH143
Hey Wizlon32, How did you integrate the moving average indicator into the RSI window? Also, how did you get to choose the previous option of the moving average indicator? I don't have that option. Thx. D.
Just drag a moving average in to the RSI window as you would to place one on your chart.

Yours is set to apply to close as default. Change to apply to previous indicator.
Indentify > Plan > Accept > Execute
  • #214
  • Nov 22, 2016 4:12am Nov 22, 2016 4:12am
Hi Wizlon,
Took this trade on GBPJPY 5 min.
Was able to grab some pips.Hope I did it right .....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 266 KB
  • #215
  • Nov 22, 2016 6:45am Nov 22, 2016 6:45am
Quoting ckselvan
Hi Wizlon, Took this trade on GBPJPY 5 min. Was able to grab some pips.Hope I did it right ..... {image}
Well done ckselvan.

The HTF MAs were not ideal for shorts but they are only there to provide you with information. How you chose touse that information is entirly us to you.

However good work using the RSIs! Looking at GBPJPY now I can see that you could even have bagged a few more pips from the trade.
Indentify > Plan > Accept > Execute
  • #216
  • Nov 22, 2016 6:58am Nov 22, 2016 6:58am
Hi wizlon32

Wonder if you have an indicator that alerts when the RSI cross the 50 lvl?
Also if you have any material about RSI pullbacks? the only one I could find online was Larry Connors RSI-2 trading system but it's not really what i'm looking for

the pullback using RSI was a great addition to my system and improved my entries helping me avoid some not so good entries, it fits like a glove when using MTF trend analysis
  • #217
  • Nov 22, 2016 7:05am Nov 22, 2016 7:05am
Quoting mokuro89
Hi wizlon32 Wonder if you have an indicator that alerts when the RSI cross the 50 lvl? Also if you have any material about RSI pullbacks? the only one I could find online was Larry Connors RSI-2 trading system but it's not really what i'm looking for the pullback using RSI was a great addition to my system and improved my entries helping me avoid some not so good entries, it fits like a glove when using MTF trend analysis

I use this one, I set it for 51, 49. I use it to alert me to the pull back of the RSI.
Attached File(s)
File Type: ex4 Rsi Alert v1.1.ex4   6 KB | 258 downloads
  • #218
  • Nov 22, 2016 7:29am Nov 22, 2016 7:29am
Quoting mokuro89
Hi wizlon32 Wonder if you have an indicator that alerts when the RSI cross the 50 lvl? Also if you have any material about RSI pullbacks? the only one I could find online was Larry Connors RSI-2 trading system but it's not really what i'm looking for the pullback using RSI was a great addition to my system and improved my entries helping me avoid some not so good entries, it fits like a glove when using MTF trend analysis
Sorry mokuro I don't have any of those that youhave asked for. Glad it's helped you with your system.

I see jcat has uploaded an RSI Alert Indicator so I hope that works for you too.

Now that Ihave been trading this system for a few days I amgoing to review it including all of the indicators in a bid to improve it.

Don't worry if you are just getting the hang of it, the basic principles will stay the same.
Indentify > Plan > Accept > Execute
  • #219
  • Nov 22, 2016 9:05am Nov 22, 2016 9:05am
USDCAD at present
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.jpg Size: 333 KB
  • #220
  • Nov 22, 2016 9:17am Nov 22, 2016 9:17am
Thank you for your share.

Quoting wizlon32
Hello all. I am going to keep this very simple as It does not need to be complicated. Thread rules and some general thoughts are below so please read and respect. 1. No Trolls - I don't know how to ban anyone but if I need to and I can, I will. 2. I am not an expert, but I have learned a thing or two. Give the thread a chance and if it is not for you please move on. 3. I believe that even the most experienced can still learn (even from those less exerienced). 4. My goal here is to develop this trading method for my own use and also to help some...
0 traders viewing now