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Start Winning - Trade the Current Trend

  • #261
  • Nov 23, 2016 6:47am Nov 23, 2016 6:47am
Wizlon the colored rsi what value is set?
  • #262
  • Nov 23, 2016 6:53am Nov 23, 2016 6:53am
Took this one and went BE, PA return and hit my BE. In M1 the movements are to shorts, maybe I should cut the trade with a small TP , +5 or +9, because is a TF too fast.

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  • #263
  • Nov 23, 2016 7:03am Nov 23, 2016 7:03am
Quoting nightfox84
Wizlon the colored rsi what value is set?
RSI 8 and both other inputs set to 50,as per post 245.
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  • #264
  • Nov 23, 2016 7:05am Nov 23, 2016 7:05am
Enter again, and this time went direct to my TP +12.

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  • #265
  • Nov 23, 2016 7:08am Nov 23, 2016 7:08am
Quoting Trinquete
Took this one and went BE, PA return and hit my BE. In M1 the movements are to shorts, maybe I should cut the trade with a small TP , +5 or +9, because is a TF too fast. {image}
Well done for exploring volume. Don't get over-confident too fast though. Take it slow and alalyse charts until you get the hang of it.Read the pdf again and again and it will pay off.

I need to ask you not to use that template here. If you are now a PVSRA convert then maybe best to post in a PVSRA thread. There are many things about PVSRA that are different from my system.
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  • #266
  • Nov 23, 2016 7:09am Nov 23, 2016 7:09am
Quoting Trinquete
Enter again, and this time went direct to my TP +12. {image}
Well done. Please post the whole chart Trinquete. Are you using my system with indicators for your entry or didyou enter on the cross of the MAs?
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  • #267
  • Nov 23, 2016 7:17am Nov 23, 2016 7:17am
The dip caused by withdrawal of most of last weeks profit. I Need to go back to work now but hope to have a short afternoon. I really want to put some time in to the Renko version of the system.

Attached Image
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  • #268
  • Nov 23, 2016 7:18am Nov 23, 2016 7:18am
I will keep this template, almost like yours, because I like your way to trade and this thread. Ill complete it in the way you give us more info. Last night I read the complete PVSRA pdf.

Edit: My trades are not based on the ema cross, Im looking for a specific setups, like double tops and LL-LH to enter short. The RSI helps me to identify a good quality PB and now the volume gives me more confident in enter in the LH when I see low volume (like the chart above.

Quoting wizlon32
{quote} Well done. Please post the whole chart Trinquete. Are you using my system with indicators for your entry or didyou enter on the cross of the MAs?
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  • #269
  • Nov 23, 2016 8:54am Nov 23, 2016 8:54am
Quoting jcat
{quote} I use this one, I set it for 51, 49. I use it to alert me to the pull back of the RSI. {file}
Thanks jcat, I will try it
  • #270
  • Nov 23, 2016 9:25am Nov 23, 2016 9:25am
The 5M Template works fine on 15M timeframe which I normally trade with. Any input?
  • #271
  • Nov 23, 2016 10:17am Nov 23, 2016 10:17am
Quoting dforant1
The 5M Template works fine on 15M timeframe which I normally trade with. Any input?
Not really apart from to say that I agree. There are loads of different combinations that will work with this. Just find what suits you.
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  • #272
  • Edited 10:42am Nov 23, 2016 10:24am | Edited 10:42am
Quoting Trinquete
Took this one and went BE, PA return and hit my BE. In M1 the movements are to shorts, maybe I should cut the trade with a small TP , +5 or +9, because is a TF too fast. {image}
I quite like thgee look of M1 for scalping.

Here is EURGBP M1 - loads of potential short entries. Signal Bar TF set to M5 and M15.

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USDCHF M1 - Loads of potential Long entries

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And plenty on Renko Charts aswell. MAs are the old 10 EMA Combo. Signal bar has same settings as M5 TF as I find that the structure is similar.

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I could go on....
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  • #273
  • Nov 23, 2016 10:39am Nov 23, 2016 10:39am
Quoting wizlon32
{quote} I quite like thgee look of M1 for scalping. Here is EURGBP M1 - loads of potential short entries. Signal Bar TF set to M5 and M15. {image} USDCHF M1 - Loads of potential Long entries {image} And plenty on Renko Charts aswell. MAs are the old 10 EMA Combo. Signal bar has same settings as M5 TF as I find that the structure is similar. {image} I could go on....
EU M1 also could have provided some lovely entries. Has anyone got any charts to post? Surely some more ofyou have made some money today?
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  • #274
  • Nov 23, 2016 10:58am Nov 23, 2016 10:58am
Trading in the zone by Mark Douglas.

He said that when you have an edge (which we do), you should take every trade you see where your edge is present. You will have some losers but because you have an edge, you will come out on top. This is how a casino makes profit. They only have a slight edge over the punters but because of the number of games of poker, roulette, slot machines, blackjack etc etc, that take place, their edge plays out and they make a lot of money.

Just something to think about.
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  • #275
  • Nov 23, 2016 11:06am Nov 23, 2016 11:06am
Anyone like trading Gold? Here is a couple of possible nice H4 entries. Signal Bar set to D1 and W1. W1 Signal Bar light is green but RSI Dash looks very bearish.

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  • #276
  • Nov 23, 2016 11:34am Nov 23, 2016 11:34am
Can you re upload your new templates to the 1 post please, all the additions are quite difficult to follow when your basic 1 post is miles apart from what we now use Thanks for your hard work though, currently running 2 trades in profit.
  • #277
  • Nov 23, 2016 11:48am Nov 23, 2016 11:48am
Hi Wizlon,

I was checking out your revised strategy and have a question/observation. On the Signal Bar indicator it seems that the "price on 200 EMA" colours/TFs are hard coded H4/D1 and above. I have my M15 charts set so the 2 time frames on the indy are M30 and H1 as you suggest. On those time frames price is definitely above the 200 EMA. Is that correct? Presumably we should be paying more attention to the 34/55 EMA cross colours than the 200 EMA? See charts below.

Thanks

M15
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H1
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D1
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  • #278
  • Nov 23, 2016 11:54am Nov 23, 2016 11:54am
Quoting Ipodbob
Can you re upload your new templates to the 1 post please, all the additions are quite difficult to follow when your basic 1 post is miles apart from what we now use Thanks for your hard work though, currently running 2 trades in profit.
Theyre not really miles apart. It would take you about 1 minute to replicate my current chart template. I am not going to upload any more templates for the time being. The reason is that as you have pointed out, things are evolving and they may well evolve further.

Here's what I would do if I were you.

Use one of the RSI Dash On Chart templates that are already on the thread.
Delete all the MAs and then add the 34 and 55 EMA.
Then add the Signal Bar Indicator and apply the settings that I have already described depending on what TF you want to trade.
If you want the Volume Suite and the Volume Candles Suite then add them.
If you want the ADR indi then download it and apply it to the chart.
Finally save the template.

Done.
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  • #279
  • Nov 23, 2016 12:03pm Nov 23, 2016 12:03pm
Quoting Nelson35a
Hi Wizlon, I was checking out your revised strategy and have a question/observation. On the Signal Bar indicator it seems that the "price on 200 EMA" colours/TFs are hard coded H4/D1 and above. I have my M15 charts set so the 2 time frames on the indy are M30 and H1 as you suggest. On those time frames price is definitely above the 200 EMA. Is that correct? Presumably we should be paying more attention to the 34/55 EMA cross colours than the 200 EMA? See charts below. Thanks M15 {image} H1 {image} D1 {image}
Seems you might be right there. Must have looked right by coincidence when I checked. Dammit.

Have you managed to confirm 100% that the top row works correctly for lower TFs? Hope I haven't been duped by them too

If the top row is correct we may as well turn everything to black except the 2 lights that we need.

I would like a decent fully working version though - I've seen FerruFx around here quite often, I wonder if he would help?

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  • #280
  • Nov 23, 2016 12:11pm Nov 23, 2016 12:11pm
Quoting wizlon32
{quote} Seems you might be right there. Must have looked right by coincidence when I checked. Dammit. Have you managed to confirm 100% that the top row works correctly for lower TFs? Hope I haven't been duped by them too
They seem to be OK but I'll try setting the MA cross alert with the settings below for the 34/55 EMAs. When I get a cross signal just need to check that the lights in the signal bar match, i.e they have changed colour. Anybody else spot any funny behaviour with Signal bar lights please let us know?

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