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Start Winning - Trade the Current Trend

  • #501
  • Jan 5, 2017 12:50pm Jan 5, 2017 12:50pm
Quoting Grantmac
{quote} I'm with you for AUD long. Lets hope it gets a kick up now with the US red news not so good.
Did you go Long on AU Grantmac?
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  • #502
  • Edited 2:01pm Jan 5, 2017 1:48pm | Edited 2:01pm
Quoting wizlon32
{quote} Did you go Long on AU Grantmac?
Hi Wizlon i don't nou why i dont have start to read prevoiusly the thread looks very intresting im start reading it nou thanc you anyway and subscribed
  • #503
  • Jan 6, 2017 12:16am Jan 6, 2017 12:16am
Quoting wizlon32
{quote} Did you go Long on AU Grantmac?
Yes went long made some good little profits but took my profits to early. But successful anyway.

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  • #504
  • Jan 6, 2017 12:18am Jan 6, 2017 12:18am
Just went Short UJ. The 15M, H1 and H4 are all extreme OS and had rejection at the H1 55MA.

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  • #505
  • Jan 6, 2017 1:54am Jan 6, 2017 1:54am
Quoting mizi123
{quote} Hi Wizlon i don't nou why i dont have start to read prevoiusly the thread looks very intresting im start reading it nou thanc you anyway and subscribed
Welcome aboard Mizi.
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  • #506
  • Jan 6, 2017 1:58am Jan 6, 2017 1:58am
Quoting Grantmac
{quote} Yes went long made some good little profits but took my profits to early. But successful anyway. {image}
Well done. Try closing part of your position to guarantee some profit and let the rest run. You can even close part of your position if you only have 1 position open.
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  • #507
  • Jan 6, 2017 2:22am Jan 6, 2017 2:22am
Quoting wizlon32
{quote} Well done. Try closing part of your position to guarantee some profit and let the rest run. You can even close part of your position if you only have 1 position open.
Yeah have been thinking about that actually. Taking some profits at a first target and letting things run. Cheers.
  • #508
  • Jan 7, 2017 9:53am Jan 7, 2017 9:53am
Quoting wizlon32
{quote} Good find Kofix! I have been looking for something similar to mine to share here but haven't been able to find anything nearly the same. Here is a chart with my indicator (top) and yours made to look like mine. I think yours alerts or displays a cross when the RSI candle closes above or below the level and the candle closes but mine alerts when the RSI croses above or below and then re-crosses in the desired direction and the candle closes. The levels can be adjusted by using the levels tab but it doesn't seem tochange the alerts which defeats...
If anyone is looking for a good RSI alerts indicator then why not try FerruFx's Standard indicators which appear in a sub window. They are MTF indicators but you don't necessarily have to use the MTF function if you don't want to. Here are a couple of examples.

In the 1st chart I have used the FFx_RSI indicator set to display only my current trading TF. Very easy to customise and will send you alerts too! The second chart is using the MTF function. I have set the TF settings so that the indicators directly below the current price are correct for my trading TF and the next 2 are set to my chosen 2 higher time frames. You can display every TF if you want to. I think I will give this a go.

You can get all FFx Standard Indicators here http://www.forexfactory.com/showthread.php?t=418662

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  • #509
  • Jan 7, 2017 1:52pm Jan 7, 2017 1:52pm
Hello there guys how are you all

I've finished reading the thread, articulating full time job with reading it's not easy eheheh but I finished and I'm here all ready with all set, now I just have to see if all is working properly and then start adjusting .

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PS - thanks to all who participated and helped to develop this system look promising. But I would like it more simple but for now I'm sticking to the project then I'll tweak my personal style of it. the Dotted lines are some MA I normally use on my trades they are EMA(close) 48 and 100 why those ? 48 x 5min = 240min (4h) gives an approx perspective of the 4h trend , the 100 I just use it as major sentiment (trend). well basically for now I just want to compare my set with the 34 55. I don't trade the cross anyways they just define the trend/direction/bias

thanks again guys
  • #510
  • Jan 7, 2017 2:05pm Jan 7, 2017 2:05pm
Quoting zwara
Hello there guys how are you all I've finished reading the thread, articulating full time job with reading it's not easy eheheh but I finished and I'm here all ready with all set, now I just have to see if all is working properly and then start adjusting . GBPJPYM5.png;2130188 PS - thanks to all who participated and helped to develop this system look promising. But I would like it more simple but for now I'm sticking to the project then I'll tweak my personal style of it. the Dotted lines are some MA I normally use on my trades they...
Welcome Zwara. I see you are using volume and volume candles. Good choice. Did you read the PDF I recommended or are you already familiar with volume?
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  • #511
  • Jan 7, 2017 2:09pm Jan 7, 2017 2:09pm
Quoting wizlon32
{quote} Welcome Zwara. I see you are using volume and volume candles. Good choice. Did you read the PDF I recommended or are you already familiar with volume?
Hello Wiz

I do know some things of the order flow/volume/momentum associated with price it self, but I haven't read the PDF yet that's actually my next task it's already printed so I can read and highlight the important things I'm sure that I will learn something new that a sure thing so it's always good time investment.
  • #512
  • Jan 7, 2017 2:32pm Jan 7, 2017 2:32pm
Quoting zwara
{quote} Hello Wiz I do know some things of the order flow/volume/momentum associated with price it self, but I haven't read the PDF yet that's actually my next task it's already printed so I can read and highlight the important things I'm sure that I will learn something new that a sure thing so it's always good time investment.
You sound very thorough. Looking forward to your posts.
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  • #513
  • Jan 8, 2017 7:34am Jan 8, 2017 7:34am
RSI is an awesome tool for helping us to identify overbought and oversold conditions and very often price will reverse when certain RSI levels are reached or crossed. Have a look at this thread by TooSlow. This entry could really be helpfull no matter what system you are using.
http://www.forexfactory.com/showthread.php?t=549745
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  • #514
  • Jan 9, 2017 2:28am Jan 9, 2017 2:28am
Hi all, welcome back to another week of hopefully some good trading.

Here are a couple of trades I have on at present.

EURUSD 15M and H1 RSI were at extreme levels and bouncing off MA and round number supports.

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USDJPY similar to above.

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  • #515
  • Jan 9, 2017 4:51am Jan 9, 2017 4:51am
Could be a short trade on USDCHF H4. Although the 34 EMA is flat so maybe not ideal. I do see MACD divergence on H1 though. Keeping an eye on it for now.
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  • #516
  • Jan 9, 2017 6:29am Jan 9, 2017 6:29am
Hello Guys how are you all good I expect

Well good day for trading sadly I had to go to London in the morning and it took me the all morning up till now to arrive back home just to see that well I missed two nearly perfect entries in GBUJPY and XaUUSD charts will follow red lines would be the entries anyway there's plenty of fish in the see so I'll wait for the next to come although we are already far in the day in regards to trading but if I see I'll catch it...

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  • #517
  • Jan 9, 2017 6:33am Jan 9, 2017 6:33am
Well those two trades didn't go completely to plan. Although I did manage to take some partial profits and some BE's. so no major losses except on the UJ.
  • #518
  • Jan 9, 2017 6:39am Jan 9, 2017 6:39am
Quoting Grantmac
Well those two trades didn't go completely to plan. Although I did manage to take some partial profits and some BE's. so no major losses except on the UJ.

well everything is a work in progress we learn with the mistakes and enjoy the good ones keep going.

trade well stick to the plan
  • #519
  • Jan 9, 2017 7:18am Jan 9, 2017 7:18am
Hi Wizlon and friends are im OK with these spots on chart!? Thanx in advance
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  • #520
  • Jan 9, 2017 7:44am Jan 9, 2017 7:44am
Quoting mizi123
Hi Wizlon and friends are im OK with these spots on chart!? Thanx in advance {image}
Looks good to me Mizi but your 1st and last sell lines could have been a bar or 2 earlier I think. You should consider using different levels other than the 50 but it's up to you.
There is lots of info here and you just need to take what works for you and make it your own.

I also sold USDJPY today (on demo) because I wanted to try something out.
I am working now but I will post some charts lafter on.
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