Start Winning - Trade the Current Trend | Page 19 | 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

  • #361
  • Nov 28, 2016 4:38am Nov 28, 2016 4:38am
LONG AUDNZD H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD_H4.png Size: 40 KB

MAs acting as Support at FIB Level adding a little confidence.

Entry taken from the M5

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD_M5.png Size: 40 KB


Hoping for a Swing Trade here.

Trade well.
  • #362
  • Edited 5:09am Nov 28, 2016 4:53am | Edited 5:09am
SHORT EURAUD M5

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_-_M5.png Size: 42 KB


Trade Well!.
  • #363
  • Nov 28, 2016 5:07am Nov 28, 2016 5:07am
LONG AUDCHF - H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF_-_H4.png Size: 40 KB


Entry on M5

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF_-_M5.png Size: 41 KB


Trade well!.
  • #364
  • Nov 28, 2016 5:30am Nov 28, 2016 5:30am
Quoting krismitt
LONG AUDCHF - H4 {image} Entry on M5 {image} Trade well!.
It's nice to see someone applying the indicators and taking ownership of their own template.
Indentify > Plan > Accept > Execute
  • #365
  • Nov 28, 2016 5:33am Nov 28, 2016 5:33am
EU Short. H4 Trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
Indentify > Plan > Accept > Execute
  • #366
  • Nov 28, 2016 8:20am Nov 28, 2016 8:20am
Quoting wizlon32
EU Short. H4 Trade. {image}
I noticed that you went short even that RSI 8 for 5M is green, is this correct setup?
  • #367
  • Nov 28, 2016 8:23am Nov 28, 2016 8:23am
Quoting htawfik
{quote} I noticed that you went short even that RSI 8 for 5M is green, is this correct setup?
I used my discretion htawfik. I recommend that you do the same and use yours.
Indentify > Plan > Accept > Execute
  • #368
  • Nov 28, 2016 8:31am Nov 28, 2016 8:31am
Quoting wizlon32
{quote} I used my discretion htawfik. I recommend that you do the same and use yours.
Thanks also I noticed that using the old way of RSI 14 it give more acurate results. I will test it again and give my results
  • #369
  • Nov 28, 2016 8:50am Nov 28, 2016 8:50am
Quoting htawfik
{quote} Thanks also I noticed that using the old way of RSI 14 it give more acurate results. I will test it again and give my results
I think you are missing the point of the 8 RSI custom indicator. It is an additional filter that can be used to highlight a deeper pullback than just using the 3 RSI. When the 14 RSI crosses 50 then we are potentially looking to trade in the opposite direction.

Anyway, please find the best way that works for you.
Indentify > Plan > Accept > Execute
  • #370
  • Nov 28, 2016 9:16am Nov 28, 2016 9:16am
Hi Wizlon, I jumped into that trade but a bit later off the 5Mchart once I had a cross of the MA's. Did you take multiple positions on the 5M on the way down? I notice there were a few opportunities to enter.
  • #371
  • Nov 28, 2016 9:20am Nov 28, 2016 9:20am
Quoting Grantmac
Hi Wizlon, I jumped into that trade but a bit later off the 5Mchart once I had a cross of the MA's. Did you take multiple positions on the 5M on the way down? I notice there were a few opportunities to enter.
Well done Grantmac, that is good to hear. Personally I didn't as I am working and can't monitor properly. Please show your entries to help others to learn.
Indentify > Plan > Accept > Execute
  • #372
  • Nov 28, 2016 9:25am Nov 28, 2016 9:25am
Attached Image (click to enlarge)
Click to Enlarge Name: trade 12 pips.png Size: 45 KB


Safe trend trade entered at pullback Blue line and left at R3 for 12 pips. Great system!

Thank you wizlon32.
  • #373
  • Nov 28, 2016 9:38am Nov 28, 2016 9:38am
Quoting wizlon32
{quote} Well done Grantmac, that is good to hear. Personally I didn't as I am working and can't monitor properly. Please show your entries to help others to learn.
Sure I hope this helps. I'm not sure on target yet though. If I was to be greedy I would say off the H4 low around 1.0533 level but I am thinking if it gets back down to the low of the 5M chart (1.0560) I might exit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #374
  • Nov 28, 2016 9:48am Nov 28, 2016 9:48am
Quoting wizlon32
{quote} I think you are missing the point of the 8 RSI custom indicator. It is an additional filter that can be used to highlight a deeper pullback than just using the 3 RSI. When the 14 RSI crosses 50 then we are potentially looking to trade in the opposite direction. Anyway, please find the best way that works for you.
I got it now thanks a lot for your help
  • #375
  • Nov 28, 2016 10:05am Nov 28, 2016 10:05am
Quoting Grantmac
{quote} Sure I hope this helps. I'm not sure on target yet though. If I was to be greedy I would say off the H4 low around 1.0533 level but I am thinking if it gets back down to the low of the 5M chart (1.0560) I might exit. {image}
I wouldn't consider that greedy or unrealistic for a trade which makes sense on H4. Thats a nice H4 engulfing candle. Let's see.
Indentify > Plan > Accept > Execute
  • #376
  • Nov 28, 2016 11:40am Nov 28, 2016 11:40am
Quoting krismitt
LONG AUDCHF - H4 {image} Entry on M5 {image} Trade well!.
Good trading krismitt.
Indentify > Plan > Accept > Execute
  • #377
  • Nov 28, 2016 12:11pm Nov 28, 2016 12:11pm
I am sure that my use of the LTF MA lights and RSI Lights has probably surprised some people, but I think the LTF trend can be also just as important as the HTF trend. One of the biggest mistakes traders can make is jumping in too soon so why not also keep an eye on the LTF trend. When the LTF trend matches the HTF and we get a signal on the current time frame (CTF) then we have a nice situation - HTF, LTF and CTF all in agreeance. Surely this gives us the best chance of success?

I am going to change my LTF lights to M5 or M1 for all TF templates. The chart below is EU M5 with H4 template.. You can see that the M5 34 x 55 EMA cross can capture good moves. My EU entry was well after the cross. Previously my H4 template LTF lights were set to H1 which I feel is too slow.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
Indentify > Plan > Accept > Execute
  • #378
  • Nov 28, 2016 1:02pm Nov 28, 2016 1:02pm
This is my results today using the system, thanks a lot
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-28_1400.png Size: 32 KB
  • #379
  • Nov 28, 2016 1:46pm Nov 28, 2016 1:46pm
Quoting htawfik
This is my results today using the system, thanks a lot {image}
Well done mate and thanks for sharing. Is the screenshot from a trading platrform and were all trades entered and managed manually?
Indentify > Plan > Accept > Execute
  • #380
  • Nov 28, 2016 1:49pm Nov 28, 2016 1:49pm
Quoting wizlon32
{quote} Well done mate and thanks for sharing. Is the screenshot from a trading platrform and were all trades entered and managed manually?
I am using MT4 but I am also using BDM, you can find it at FF, it is free but really good tools to try.

no auto used for the entry or exit, all manual
0 traders viewing now