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Simple and profitable trading style

  • #681
  • Mar 13, 2017 2:13am Mar 13, 2017 2:13am
For those new here on this thread, I have a twin brother to this thread, " Method of using Stochastic Oscillator Profitably"
Make all mistakes in demo and rain in pips in live account
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  • #682
  • Mar 13, 2017 2:38am Mar 13, 2017 2:38am
Quoting lordgbengs
{quote} Hi Erebus Thank you for your contribution here so far. Please can you share the indicator that allows you track the weekly/monthly bollinger bands on lower time frames and your template? Thank you
Not sure what you mean, the B/Bands are the same on each time frame, weekly & daily, as per Metatrader only

if you mean the green & red horizontal line, they are the previous week's High & Low and the week before that High & Low

need more informations, thanks
It takes a lot for me to IGNORE you, but you can try.
  • #683
  • Mar 13, 2017 2:48am Mar 13, 2017 2:48am
Quoting Erebus
{quote} Not sure what you mean, the B/Bands are the same on each time frame, weekly & daily, as per Metatrader only if you mean the green & red horizontal line, they are the previous week's High & Low and the week before that High & Low need more informations, thanks
Hi Erebus

Thank you for your response. What I mean is the indicator circled in the picture below;

Attached Image (click to enlarge)
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D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #684
  • Mar 13, 2017 3:33am Mar 13, 2017 3:33am
Quoting lordgbengs
{quote} Hi Erebus Thank you for your response. What I mean is the indicator circled in the picture below; {image}
Yes, I already answered that

"if you mean the green & red horizontal line, they are the previous week's High & Low and the week before that High & Low"

check the Platform Tech forum, there are many indicators for that, find one you like
It takes a lot for me to IGNORE you, but you can try.
  • #685
  • Mar 13, 2017 3:35am Mar 13, 2017 3:35am
Thank you for answer.

I have another question regarding EURJPY, I put the screenshot of the weekly chart, here we can see that weekly candle closed below the middle line, and i put the screenshot of the daily chart, here we can see that the daily candle closed below the lower band. So at the close of that daily bar, we had the signal to go short, right?

Thanks!
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  • #686
  • Mar 13, 2017 3:54am Mar 13, 2017 3:54am
I have another question, please. I am reading all the pages of this thread and i see that someone has already asked this question, but unfortunately i was not able to understand well, maybe my english is bad, so sorry about that. If you don't mind i would like to ask it again, maybe this time i understand!
Do I need to wait that the weekly candle CLOSES above the middle line or not?
Let's make this example: let's say that Today is wednesday and the ACTUAL weekly candle is coming from the bottom and is already ABOVE the middle line, and the ACTUAL daily candle is already ABOVE the upper band.
What i have to do is: to wait until the end of the day and check if the candle closes above the upper band, if it closes above it, i enter LONG in that moment (the start of thursday). I don't need to wait until the week candle is closed, I have already the signal and i enter on the start of thursday. Can you confirm it?

Thanks so much!
  • #687
  • Mar 13, 2017 4:08am Mar 13, 2017 4:08am
Another question if you don't mind.

IN this example we have the weekly candle that closed below the middle line, but the daily candle is not closing below the lower band yet.
If let's say the next daily candle closes below the lower band, should we enter short? It is a valid signal?

Thanks!
Attached Image(s) (click to enlarge)
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  • #688
  • Mar 13, 2017 5:08am Mar 13, 2017 5:08am
Quoting Erebus
{quote} Yes, I already answered that "if you mean the green & red horizontal line, they are the previous week's High & Low and the week before that High & Low" check the Platform Tech forum, there are many indicators for that, find one you like
Thank you for your response and guidance. Do you have an issue sharing this particular one?

Cheers
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #689
  • Mar 13, 2017 5:13am Mar 13, 2017 5:13am
Quoting okrim
I have another question, please. I am reading all the pages of this thread and i see that someone has already asked this question, but unfortunately i was not able to understand well, maybe my english is bad, so sorry about that. If you don't mind i would like to ask it again, maybe this time i understand! Do I need to wait that the weekly candle CLOSES above the middle line or not? Let's make this example: let's say that Today is wednesday and the ACTUAL weekly candle is coming from the bottom and is already ABOVE the middle line, and the ACTUAL...
Yes, you're correct. I have said the reason I use the word "closing" and "closed" candle each time I mention the weekly candle. Let me say it again. If while you're waiting for the trade setup, the weekly is closing( still within the week ) and the daily closed above the upper band then we can get in even before the weekly candle closes on Friday. I use the word "closed" if the daily closed above the upper band on Friday and the weekly closed above the middle band on Friday also. I shared a chart I got in with EURJPY long. The daily and the weekly both closed above the upper band and middle band respectively on Friday. Any further question, don't hesitate to ask.
Make all mistakes in demo and rain in pips in live account
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  • #690
  • Mar 13, 2017 5:18am Mar 13, 2017 5:18am
Quoting okrim
Another question if you don't mind. IN this example we have the weekly candle that closed below the middle line, but the daily candle is not closing below the lower band yet. If let's say the next daily candle closes below the lower band, should we enter short? It is a valid signal? Thanks! {image} {image}
I fully understand your question and it has been dealt with. It may work, but risky.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #691
  • Mar 13, 2017 5:26am Mar 13, 2017 5:26am
I will continue to say that we cannot use it to fight strong trend. Weekly and the daily may close so well below middle band and lower band respectively during strong uptrend. It may just be a retracement before going bullish again. I t works best when market is breaking from sideways and about to trend.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -2.3%
  • #692
  • Mar 13, 2017 5:27am Mar 13, 2017 5:27am
Quoting lordgbengs
{quote} Thank you for your response and guidance. Do you have an issue sharing this particular one? Cheers
yes, as a matter of fact I do, it's called COPYRIGHT
It takes a lot for me to IGNORE you, but you can try.
  • #693
  • Mar 13, 2017 7:26am Mar 13, 2017 7:26am
Quoting Erebus
{quote} yes, as a matter of fact I do, it's called COPYRIGHT
Thank you for clarifying.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #694
  • Mar 13, 2017 9:01am Mar 13, 2017 9:01am
Hello,

based on daily and 4hr TF (i see that you don't trade 4hr TF but you like anyway), we have this pair that is getting interesting. So, if today the 4hr TF close above the upper band we have the setup. If before the end of the day it fails to close above the upper band we don't have it.
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  • #695
  • Mar 13, 2017 9:08am Mar 13, 2017 9:08am
EURUSD also nice:

the weekly candle of last week closed above the middle line, and the dayle candle of friday closed above the upper line. Is this a setup for LONG entry right now?
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  • #696
  • Mar 13, 2017 9:10am Mar 13, 2017 9:10am
EURUSD, actually i would like to see this trendline broken to enter long, what do you think?
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  • #697
  • Mar 13, 2017 9:14am Mar 13, 2017 9:14am
USDCHF. I would like to show this setup, i ask you, please can you tell me that if we have already the setup? I think so.
Again daily and 4hr tf.
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  • #698
  • Mar 13, 2017 11:26am Mar 13, 2017 11:26am
I was so obsessed by my EURUSD long that am still waiting to trigger TP that I failed to report the newly formed EURUSD long trade, based on the strategy here. The last weekly candle closed above the middle band while the daily strongly closed above the upper band. Euro is taking break today
Attached Image(s) (click to enlarge)
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Make all mistakes in demo and rain in pips in live account
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  • #699
  • Mar 13, 2017 11:29am Mar 13, 2017 11:29am
The interesting thing about the last weekly bullish candle is the long lower shadow, though it has a small upper shadow.
Make all mistakes in demo and rain in pips in live account
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  • #700
  • Mar 13, 2017 7:17pm Mar 13, 2017 7:17pm
Quoting 9jatrader
I was so obsessed by my EURUSD long that am still waiting to trigger TP that I failed to report the newly formed EURUSD long trade, based on the strategy here. The last weekly candle closed above the middle band while the daily strongly closed above the upper band. Euro is taking break today {image} {image}
Not totally convinced on this one, look what it did 5 or 6 weeks back on the Weekly candles, cross up and immediately down

There are so many news events this week, might pay to be cautious
It takes a lot for me to IGNORE you, but you can try.
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