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M5-Two-Way-Confirmation-Strategy

  • #121
  • Edited 6:49pm Jun 13, 2011 10:24am | Edited 6:49pm
Quoting Forexcube
See #118

M5 Confirmation doesn't arise.

Hedging @ 35.48 (Short)

...and waiting at higher time frames (H1/H4, may be Daily) for unwinding the Hedging Order.
M5 Support Line didn't broken.

Eliminate the Hedging Order (35.48 Short) @ 35.38

Profit: +10 pips

...and stay in the market with one Long now (35.55, #117).
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13, Exit HO.jpg Size: 505 KB
  • #122
  • Jun 13, 2011 10:25am Jun 13, 2011 10:25am
Quoting PIPer
Just subscribing to the this wonderful thread!

Hi PIPer!

Have a nice time!

Fxcube
  • #123
  • Jun 13, 2011 1:41pm Jun 13, 2011 1:41pm
EURUSD, M30, 2011 June 13

Short @ 1.4410
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M30, 2011 June 13.jpg Size: 478 KB
  • #124
  • Edited 1:55pm Jun 13, 2011 1:44pm | Edited 1:55pm
LCrudeJul11, H1, 2011 June 13
LCrudeJul11, H4, 2011 June 13

Hammer at H1. H4 looks also good, the market price has reached the bottom of the range with a top at ADX value.

once again:
Long @ 96.96

If trading the Pivotal Points DS2 96.32 could have been an excellent trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: LCrudeJul11, H1, 2011 June 13.jpg Size: 488 KB
Click to Enlarge Name: LCrudeJul11, H4, 2011 June 13.jpg Size: 533 KB
  • #125
  • Edited 3:19pm Jun 13, 2011 3:00pm | Edited 3:19pm
Quoting Forexcube
Silver, M5, 2011 June 13

Long @ 35.55
Silver, H1, 2011 June 13

CCI(14) signalizes a divergence, so not the stochastics.

once again:
Long @ 34.75

Note:
CCI could select a divergence otherwhile where Stohastics or the MACD don't highlight anything.

In some market environments it might be a clever aspect to put in (or out) some more indicators in a trading system entertaining ad libitum in anticipation of making more profit - but check your money management and your deposits if you go in the market twice ventured.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, H1, 2011 June 13.jpg Size: 520 KB
  • #126
  • Jun 14, 2011 4:23am Jun 14, 2011 4:23am
Ger30Jun11, M15, 2011 June 14
Ger30Jun11, H4, 2011 June 14

Short @ 7206 (M15)

Hedge Long @ 7228 (see H4 chart)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Ger30Jun11, M15, 2011 June 14.jpg Size: 505 KB
Click to Enlarge Name: Ger30Jun11, H4, 2011 June 14.jpg Size: 495 KB
  • #127
  • Jun 14, 2011 6:06am Jun 14, 2011 6:06am
Interesting that you are using a new approach, i will read through in the days to come and make comments as i see fit.
My signature is: "Classified".
  • #128
  • Edited 6:38am Jun 14, 2011 6:22am | Edited 6:38am
Quoting Forexcube
Don't trade these market situations.

- When ADX is too low, don't trade. (Often come along with indifferent candles)

- EMA 9/EMA13:
A shallow angle and narrow separation will indicate that momentum is decreasing.
The ADX is quite efficient as a tool to decide just that, ranging conditions. I enjoyed it for this reason. I had a difficult time setting the exact limit of where its ranging, i moved it around quite a lot. So in the end i feel that id rather just look at price itself and decide for myself. I guess its a matter of taste to a large extent. Anyway i think one setting for all days and conditions might not be the best approach, as i think you would agree.

I find myself looking a lot at higher/lower lows and higher/lower highs, to me that is the absolutely earliest indication of "trend".
My signature is: "Classified".
  • #129
  • Jun 14, 2011 6:32am Jun 14, 2011 6:32am
Quoting jmcl
Hi and thanks for your input

One question that worry me:

The ADX indicator, is it suitable for any time frame because somewhere
I have read that the indicator was build around the daily time frame, but I
can't remember where I saw this.

The system is well explained and will check it out

John from Durban
I think most indicators made 10+ years where made with daily TF in mind, or maybe H4 or something like that. The things quants generally do cannot be considered "indicators". Further i think that in general skill and training is more important then indicators since no indicator reading can be thought of as absolute in any sense. Indicators can get in the way of learning about price, since you look at them and are not focusing on price itself. But on the other hand just looking at price might not do you much for many years, it depends a lot of the extent to which a person can have be focused and remain focused. Not even statistics is much use in this, since every day, in a very real and profound way really is a new day. Thats at least my humble experience.
My signature is: "Classified".
  • #130
  • Jun 14, 2011 6:50am Jun 14, 2011 6:50am
Quoting yaed
...So in the end i feel that id rather just look at price itself and decide for myself. I guess its a matter of taste to a large extent. Anyway i think one setting for all days and conditions might not be the best approach, as i think you would agree.

I find myself looking a lot at higher/lower lows and higher/lower highs, to me that is the absolutely earliest indication of "trend".


My sentiments exactly!
  • #131
  • Edited 8:52am Jun 14, 2011 6:53am | Edited 8:52am
Quoting yaed
Interesting that you are using a new approach, i will read through in the days to come and make comments as i see fit.

I've a set of 20 powerful trading systems, (Ranging-, Tranding-, Scalping-, Position Trading and High Risk Trading, Floor-, Tops & Bottoms, Price Pattern, Support & Resistance, Midnight setup, Floor Trader, Swing Trading, Heikin Ashi-Two-Bar-Strategy, Multi-Conditional, Two-Cross, Divergence Tading,...) with different money- and risk management. Why not publish some of them here at FF?
  • #132
  • Jun 14, 2011 7:19am Jun 14, 2011 7:19am
Quoting Forexcube
I've a set of 20 powerful trading systems, (Ranging-, Tranding-, Scalping-, Position Trading andHhigh Risk Trading, Floor-, Tops & Bottoms, Price Pattern, Support & Resistance, Midnight setup, Floor Trader, Swing Trading, Heikin Ashi-Two-Bar-Strategy, Multi-Conditional, Two-Cross, Divergence Tading,...) with different money- and risk management. Why not publish some of them here at FF?
Yes indeed why not
My signature is: "Classified".
  • #133
  • Jun 14, 2011 8:54am Jun 14, 2011 8:54am
Hold all the trades from yesterday and wait.
  • #134
  • Jun 14, 2011 9:17am Jun 14, 2011 9:17am
Quoting Forexcube
Silver, H1, 2011 June 13

CCI(14) signalizes a divergence, so not the stochastics.

once again:
Long @ 34.75

Note:
CCI could select a divergence otherwhile where Stohastics or the MACD don't highlight anything.

In some market environments it might be a clever aspect to put in (or out) some more indicators in a trading system entertaining ad libitum in anticipation of making more profit - but check your money management and your deposits if you go in the market twice ventured.
See #125

Silver, M5, 2011 June 14

Exit @ 35.15

Profit: + 30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 14, Exit.jpg Size: 465 KB
  • #135
  • Edited 9:36am Jun 14, 2011 9:23am | Edited 9:36am
Silver, M15, 2011 June 14
Silver, H4, 2011 June 14

Short @ 35.22

(and hold Silver Order Long from 2011 June 13, @ 35.55, see #117)

When market seems indifferent (see the last six 4H Candles) it could be a favor taking some longs and some shorts or trading the Tops & Bottoms at smaller Time Frames (M5) between the support & resistance lines or the BB (Bollinger Band).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver, M15, 2011 June 14, Short.jpg Size: 480 KB
Click to Enlarge Name: Silver, H4, 2011 June 14, Indecision.jpg Size: 483 KB
  • #136
  • Jun 14, 2011 9:40am Jun 14, 2011 9:40am
Quoting Forexcube
LCrudeJul11, H1, 2011 June 13
LCrudeJul11, H4, 2011 June 13

Hammer at H1. H4 looks also good, the market price has reached the bottom of the range with a top at ADX value.

once again:
Long @ 96.96

If trading the Pivotal Points DS2 96.32 could have been an excellent trade.
See #124

Exit @ 98.09

Profit: + 115 pips
Attached Image (click to enlarge)
Click to Enlarge Name: LCrudeJul11, M5, 2011 June 14.jpg Size: 377 KB
  • #137
  • Jun 14, 2011 1:24pm Jun 14, 2011 1:24pm
This thread is created to provide free resources and information for all traders interested in PA trading.

http://www.forexfactory.com/showthread.php?t=288142
  • #138
  • Jun 14, 2011 1:48pm Jun 14, 2011 1:48pm
EURUSD, M30, 2011 June 14

M30 Shooting Star.

Short @ 1.4478

Stop Loss @ 15 pips above the Shooting Star (H 1.4496) @ 1.4511

In place of a Stop Loss I've set an Hedge Order: Pending Order Long @ 1.4511
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M30, 2011 June 14.jpg Size: 494 KB
  • #139
  • Jun 14, 2011 2:17pm Jun 14, 2011 2:17pm
25'000.-$ Demo Account
Beginning Date: 2011 June 14

http://www.myfxbook.com/members/Forexcube
http://www.myfxbook.com/members/Fore...trategy/122935

http://twitter.com/#!/forexcube
  • #140
  • Jun 14, 2011 2:18pm Jun 14, 2011 2:18pm
Quoting Forexcube
25'000.-$ Demo Account
Beginning Date: 2011 June 14
What is your goal?
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