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Join me as I trade profitably with repainting super signals

  • #41
  • Nov 23, 2016 1:52am Nov 23, 2016 1:52am
since yesterday 4hr tf
Attached Image (click to enlarge)
Click to Enlarge Name: 4h tf trade.png Size: 73 KB
  • #42
  • Nov 23, 2016 2:47am Nov 23, 2016 2:47am
I have been talking about how to trade this in a trending market this is an example. i have shifted my stop to a recent swing by protecting larger part of my trade provided my new entry is correct. If am correct with the new reversal i will follow it to the down side. if am wrong the previous buy will hold and i will continue the ride up.

Ask any question if in doubt
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4 aud today.png Size: 67 KB
  • #43
  • Nov 23, 2016 2:58am Nov 23, 2016 2:58am
Quoting ollyfx
Ask any question if in doubt {image}
Still guessing nobody understands why and how you enter.
  • #44
  • Nov 23, 2016 3:20am Nov 23, 2016 3:20am
Please if you dont understand me or this system at all i will love to explain again or answer your question if you have any.

Forex is not hard only we trade it the hard way
  • #45
  • Nov 23, 2016 3:47am Nov 23, 2016 3:47am
Bonjour,
Thank you for this idea and this sharing
A drawing is worth a thousand words. Please post more charts with your trades and SL.


cheers
jf
  • #46
  • Nov 23, 2016 4:09am Nov 23, 2016 4:09am
I just took this trade now, this is a simple system and i have said it time and again the psychology behind it is to take trade with little stop. market reverses at any point in time the arrows are just there to tell us we are in extremes which we might be for a long time. but reversal bars or candles and the trend on 4h tf or daily time frame is used to make trading judgment based on the close of the reversal or setup candle. Not all trades will end up profitable ut we risk so little for more.

Things to note:

Trend direction from higher time frames lol just by looking
Reversal Candle or bar
Stoplevel is your new defined swing which is close to entry level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 3.png Size: 67 KB
  • #47
  • Nov 23, 2016 4:11am Nov 23, 2016 4:11am
Quoting ollyfx
Please if you dont understand me or this system at all i will love to explain again or answer your question if you have any. Forex is not hard only we trade it the hard way
Are you simply using a new ZZ leg as a signal? And your entry is @ the H/L of the signal candle?
  • #48
  • Nov 23, 2016 4:24am Nov 23, 2016 4:24am
Quoting Anusragger
{quote} Are you simply using a new ZZ leg as a signal? And your entry is @ the H/L of the signal candle?
No, i take trade based on the close of the signal candle, sometimes i make trade based on the strength of the current signal candle just like the one i just shared. The super signal is a powerful reversal indicating signal, but does not worth trading in appearance. i am only at alert when i see their appearance an i will be looking for reversal candle, that will sometimes close above the previous open of the last bar
  • #49
  • Nov 23, 2016 5:21am Nov 23, 2016 5:21am
Hi
GBPAUD 1H
We have a green (repaint) arrow. We have a reversal candle. We take the trade and here the SL is something like 55 pips

Right Sir ?

jf

Attached Image (click to enlarge)
Click to Enlarge Name: GA1h.JPG Size: 55 KB
  • #50
  • Nov 23, 2016 5:28am Nov 23, 2016 5:28am
Quoting le celte
Hi GBPAUD 1H We have a green (repaint) arrow. We have a reversal candle. We take the trade and here the SL is something like 55 pips Right Sir ? jf {image}
You are close but not totally, the reversal candle ought to be the close of the bullish candle and not the one you pointed at
  • #51
  • Nov 23, 2016 5:44am Nov 23, 2016 5:44am
Quoting ollyfx
{quote} {image} {image} {image} {image} {image}
Hi,
Where are the reversal candles here Sir ?????????
Sorry but not clear for me
  • #52
  • Nov 23, 2016 5:55am Nov 23, 2016 5:55am
Quoting ollyfx
{quote} You are close but not totally, the reversal candle ought to be the close of the bullish candle and not the one you pointed at
Hi,

Thanks for this system
there are lot of things not so clear for me, i will reread the thread one more time before asking questions.
I just have one question for the moment :
Why do you have a buy trade at this level on post 46 ? it is not the close of the bullish candle
  • #53
  • Nov 23, 2016 6:25am Nov 23, 2016 6:25am
Quoting Arkangela
{quote} Hi, Thanks for this system there are lot of things not so clear for me, i will reread the thread one more time before asking questions. I just have one question for the moment : Why do you have a buy trade at this level on post 46 ? it is not the close of the bullish candle
Thanks for the questions and i think this way we can trade this successfully. Now to the answer I the took the trade because the current candle has broken the previous 3 highs. thanks
  • #54
  • Nov 23, 2016 7:09am Nov 23, 2016 7:09am
i think hence forth i will be updating my trading decision and when am taking it. I just sold GBPAUD Now. stoploss at 1.67975, Bought AUDCAD too sl 0.99531
  • #55
  • Nov 23, 2016 7:40am Nov 23, 2016 7:40am
Quoting ollyfx
i think hence forth i will be updating my trading decision and when am taking it. I just sold GBPAUD Now. stoploss at 1.67975, Bought AUDCAD too sl 0.99531
Bonsoir
Ok and thanks a lot.
So don't care the reversal candle. It's more clear ... hum hum
And SL 3 or 4 pips under / above the arrow candle
Right ?
jf
  • #56
  • Nov 23, 2016 9:08am Nov 23, 2016 9:08am
Well i am making some update to the system and i will also like constructive contributions thanks

Todays result
Attached Image (click to enlarge)
Click to Enlarge Name: todays trade 3.png Size: 109 KB
  • #57
  • Nov 23, 2016 9:21am Nov 23, 2016 9:21am
Quoting ollyfx
Todays results
Bonsoir,
Excellent results ! Bravo
I'm not negative Sir, I'm trying to understand your strategy clearly to do exactly the same thing as you.
But if this strategy is not strict I can understand also ...

I have not all understood at this time
How is the exit of your trade please ?

thanks
jf
  • #58
  • Nov 23, 2016 4:32pm Nov 23, 2016 4:32pm
Attached File(s)
File Type: mq4 super_signals_v3__alerts.mq4   4 KB | 726 downloads

Attached File(s)
File Type: ex4 super_signals_v3__alerts.ex4   18 KB | 428 downloads
The Average Discount Everything
  • #59
  • Nov 23, 2016 11:05pm Nov 23, 2016 11:05pm
Quoting ollyfx
since yesterday 4hr tf {image}

This would be the ideal scenario to show how you take mutiple trades on the same pair.

Looks like your sell has gone against you, perhaps you could show each subsequent stage on how you profit/breakeven it.

M.
  • #60
  • Nov 23, 2016 11:05pm Nov 23, 2016 11:05pm
Now i will like to talk about GBPAUD from 4h and 1h time frames respectively. As you can see the reversal signal came out few bars back and trading setup is just unfolding making the 1hr a bearish market for us. Note that on 4h the super signal is yet to reach a reversal region. i added the channel to it to know where our next reversal can be expected. so i took the sell with regards to 1h tf and my take profit is right that the middle line on 4h time frame. i bought the sam epair with respect with respect to 4hr tf. Provided the momentum shift ti down side my buy stop is few pips below the last swing making it a two trade setup.

I don't always have this scenario most times i always trade in respect to higher time frame or when both are in agreement to each other.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD 1H.png Size: 80 KB
Click to Enlarge Name: GBPAUD 4H.png Size: 72 KB
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