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Day Chart Stress FREE - Complete Chart

  • #181
  • Feb 1, 2017 4:23pm Feb 1, 2017 4:23pm
Quoting tnandkumar
hi tototexas.. thank you soo much sharing for such a stress free stratergy. But i want to know things form you,please find time to reply me 1. what is the stoploss point in this stratergy 2. Are you not using mizi HA system now in your tamplet....,so now are the rules different from what mentioned in post no 1 ? Did i miss something ? thanks in advance
i look previous candle price (for sell i put stop loss on higher part of previous candle) for buy (i put stop losso on previus candle lower low)
post 141
post 175
  • #182
  • Feb 1, 2017 7:32pm Feb 1, 2017 7:32pm
Quoting tototexas
{quote} thanks to dean1star huge help from him and i waiting to talk to him to get some more tip
Yeah, many thanks Dean.
  • #183
  • Feb 1, 2017 8:20pm Feb 1, 2017 8:20pm
Quoting tototexas
{quote} i look previous candle price (for sell i put stop loss on higher part of previous candle) for buy (i put stop losso on previus candle lower low) post 141 post 175
thanks you bro..
  • #184
  • Feb 2, 2017 6:19am Feb 2, 2017 6:19am
126 455 shorted on pound dollar
closed long last night at 233 pips at 11 pm uk time
try and get some charts up later
see if we get some down momentum from 126 455 short from here at 11.10 am this morning.
planning this is position one of usually 3 maybe 4
  • #185
  • Feb 2, 2017 7:40pm Feb 2, 2017 7:40pm
hi tototexas and other frds...

i would request if someone can post few charts of their trades with indication of buy /sell and SL and TP....for better understanding as per the rules mentioned ....

thank you all in advance...
  • #186
  • Feb 3, 2017 6:03am Feb 3, 2017 6:03am
Quoting tnandkumar
hi tototexas and other frds... i would request if someone can post few charts of their trades with indication of buy /sell and SL and TP....for better understanding as per the rules mentioned .... thank you all in advance...
guess you might find most traders around here dont have to spend all the day infront of the screen so replies to your questions might take some time .. just giving you aheads up thats all
  • #187
  • Feb 3, 2017 7:38am Feb 3, 2017 7:38am
Quoting tototexas
Hi there, Premis: I am new here and I was testing this system that's work for me... I open new Thread for Opinion, Critics, Idea and mistakes correction I am going to explain System I am using for montly, combined 2 system from the forum and together gives me very clear Idea what's going to happen. I check chart 3 times per day 5 min in morning 8:45 CET (15 min before London open) 2:45 PM and 8:45 PM I check all the currencies very quick. Red Bars mean main trend going down Green Bars mean main trend going up Tomato Bars mean momentum...
Hello TotoTexas,

Just got to read the full posts. What you say about trading on higher time frames like Daily is 100% true. It is stress-less and addresses a major psychological aspect of trading, the trader can do the analysis, set the target profit and Stop Loss and just walk away and let the market do its thing.

You have packed quite some solid information in the trading system, Trend Identification, Momentum, Currency Strength, Trading Range and even Multiple Time Frame analysis....

I am catching up. This is the snapshot of what i understood:

Attached Image (click to enlarge)
Click to Enlarge Name: Stress Free System.png Size: 141 KB


Kindly correct me if you see any mistakes and i have couple of doubts which i will be grateful if you could address them..


So, when the Big Green Dot appears, we get ready to exit any previous positions and look to enter new positions.

Doubt-1: After the Green Big Dot appears:

Do we Buy when the first Blue Arrow Appears

(or)

Do we wait for the Small Green Dot and then enter on the Blue Arrow?

Doubt-2:

The Optimal Entry is to wait for for Heikin Ashi Trend to change Green and the Momentum to turn blue?

(or)

Can we enter even without the HA trend and Momentum?


Doubt-3:

When the Big Dot Green appears, do we enter only Long Positions or can we enter short positions as well?


I see that, you were generous enough to give out the improved system as well. I am trying to understand each step of the original one before going for the improved system.

Looking forward to your insights and getting upto speed...

Thanks

PS:

1. I have used 15-Min TF as an example, as the screen had some space to jot my notes...

2. I see there are other criteria for entry. Just want to take one step at a time.
  • #188
  • Feb 3, 2017 7:55am Feb 3, 2017 7:55am
Quoting dean1star
{quote} guess you might find most traders around here dont have to spend all the day infront of the screen so replies to your questions might take some time .. just giving you aheads up thats all

thank you deanstar1 for your reply...

actually my post should have been like what aveen has put up in post no. 187,i too have similar doubts like him.

hope you or tototexas can answer his post.

it would of help to me also

thanks you
  • #189
  • Feb 3, 2017 8:09am Feb 3, 2017 8:09am
Quoting aaven
{quote} Hello TotoTexas, Just got to read the full posts. What you say about trading on higher time frames like Daily is 100% true. It is stress-less and addresses a major psychological aspect of trading, the trader can do the analysis, set the target profit and Stop Loss and just walk away and let the market do its thing. You have packed quite some solid information in the trading system, Trend Identification, Momentum, Currency Strength, Trading Range and even Multiple Time Frame analysis.... I am catching up....
Step 1 right
Step 2 right
you can go in first blue one
you missing a point by the way (small red circle) then take a look for sell

then on second small green look for buy on step 3
step 4 is the best entry yes it is for big move..

dubt 1
you buy on arrow after circle red circle red arrow green circle blue arrow

if come green circle blu arrow i buy.... more blue arrow more entry (with smaller SL)

dubt 2

on the optimal entry you gonna get mostly big swing (if you patient to wait weeks before happen )


dubt 3

when green coming you look only for blue arrow and is always buy (could be a swing down for news against buy position) SL helps
  • #190
  • Feb 3, 2017 8:19am Feb 3, 2017 8:19am
when you wait for best entry look at small ST and moment that's happen...weekend with monday news could go opposit way with strong down and than back in is way 3/4 days later or more
  • #191
  • Feb 3, 2017 9:13am Feb 3, 2017 9:13am
Perfect example (looks like entry )
D1 looks like good entry in buy
H4 is going down... this coul save you from 30 to 200 pips

Price could go more down on D1 and move the green cirle also
keep looking what's happening before you entry in position
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: forex1.jpg Size: 211 KB
  • #192
  • Feb 3, 2017 9:21am Feb 3, 2017 9:21am
another example... should be sell

is not, or better not yet!

1 sell signal
2 is still buy
3 NZD crazy USD depressed (soon gonna go change) soon could be tonight or 3 days
4 NZD going up USD going down...

would you enter in sell??

Keep more info as possible
Attached Image (click to enlarge)
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  • #193
  • Feb 3, 2017 9:27am Feb 3, 2017 9:27am
Quoting tototexas
{quote} Step 1 right Step 2 right you can go in first blue one you missing a point by the way (small red circle) then take a look for sell then on second small green look for buy on step 3 step 4 is the best entry yes it is for big move.. dubt 1 you buy on arrow after circle red circle red arrow green circle blue arrow if come green circle blu arrow i buy.... more blue arrow more entry (with smaller SL) dubt 2 on the optimal entry you gonna get mostly big swing (if you patient to wait weeks before happen ) dubt 3 when green coming...

hi tototexas...

thanks for this post...many things are clear.i have few queries ,when time permits please answer

1, Do we need to scan for any setup at the start of day candle ?

2, In your earlier posts i have observed that you are trading on 4hr chart.Is it that you are entering on daily time frame and shifting to 4HR time frame for exit

3, Is possible please post a chart,showing the SL positions.AS per my sense are you using previous candel high or low,200 MA,Weekly high or low for placing stop loss.

Thank you ..
  • #194
  • Feb 3, 2017 9:39am Feb 3, 2017 9:39am
Quoting tnandkumar
{quote} hi tototexas... thanks for this post...many things are clear.i have few queries ,when time permits please answer 1, Do we need to scan for any setup at the start of day candle ? 2, In your earlier posts i have observed that you are trading on 4hr chart.Is it that you are entering on daily time frame and shifting to 4HR time frame for exit 3, Is possible please post a chart,showing the SL positions.AS per my sense are you using previous candel high or low,200 MA,Weekly high or low for placing stop loss. Thank you ..
I check H4 for better entry and to be sure that is right moment for entry....
look what could happen
I cannot risk yet... could go up and lose could go down (miss some pips) but i get better entry from H4 and confirm on D1 then
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.JPG Size: 168 KB
  • #195
  • Feb 3, 2017 9:42am Feb 3, 2017 9:42am
in H4 i can get both move of violet arrow.... on D1 I could use the pullback for entry
Could go also down directly (nobody knows it) we get more info as possible and then trade....
  • #196
  • Feb 3, 2017 10:30am Feb 3, 2017 10:30am
Quoting tototexas
in H4 i can get both move of violet arrow.... on D1 I could use the pullback for entry Could go also down directly (nobody knows it) we get more info as possible and then trade....

thats great bro....

thank you bro...
  • #197
  • Feb 3, 2017 10:38am Feb 3, 2017 10:38am
Quoting tnandkumar
{quote} thats great bro.... thank you bro...
test test

I would focus on few pairs and make 10 trade only on that.....
could take month or more.. but when you look at chart you can understand much faster
  • #198
  • Feb 3, 2017 10:56am Feb 3, 2017 10:56am
dean could you provide the indicator of daily open for weekly open and h4 open?
thinking we could get better perfomance
  • #199
  • Feb 3, 2017 11:03am Feb 3, 2017 11:03am
Quoting tototexas
{quote} Step 1 right Step 2 right you can go in first blue one you missing a point by the way (small red circle) then take a look for sell then on second small green look for buy on step 3 step 4 is the best entry yes it is for big move.. dubt 1 you buy on arrow after circle red circle red arrow green circle blue arrow if come green circle blu arrow i buy.... more blue arrow more entry (with smaller SL) dubt 2 on the optimal entry you gonna get mostly big swing (if you patient to wait weeks before happen ) dubt 3 when green coming...
Toto Texas,

Really thanks a lot for the explanation and the many helpful charts.

Request a clarification on this: You said "I missed a sell when the red circle and then sell entry."

1.Once a circle is formed (whether the circle is small or big) , any arrow is a valid signal?

Example:

1a.Small Green Circle and Then Blue Arrow--> Valid Buy Signal?
1b. Small Red Circle and Then Red Arrow-->Valid Sell Signal?

2. I interpreted like this: [Correct me if wrong]

Buy Signal:

Big Green Circle and then Small Green Circle and then Blue Arrow

Sell Signal:

Big Red Circle and then Small Red Circle and then Red Arrow.

So are these Valid Signals as well:

2a. Big Red Circle and then Small Green Circle and then Blue Arrow-->Valid Buy Signal?
2b. Big Green Circle and then Small Red Circle and then Red Arrow-->Valid Sell Signal?

Thanks for the inputs Toto...
  • #200
  • Feb 3, 2017 11:06am Feb 3, 2017 11:06am
Quoting tototexas
{quote} I check H4 for better entry and to be sure that is right moment for entry.... look what could happen I cannot risk yet... could go up and lose could go down (miss some pips) but i get better entry from H4 and confirm on D1 then {image}
TotoTexas,

How do you refine the entry using H4?

Once you get a signal (Example: Buy Signal) on Daily, do you switch to 4HR to get the same Buy signal?

Thanks
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