I do occasionally take 2nd and 3rd cycle trades and yes, I watch for various conditions to make that decision - divergence being a major consideration. I also look at things like price proximity to a strong MA, like 100 or 200, as those tend to ...

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On my chart (the one I posted for that trade) the red candle that closes at 0600 US Central Time has touched the BB. The next candle closes green, thus triggering the entry on the open of the next candle (the white crosshairs). Perhaps your chart is ...

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I assume you mean that I will post a trade live. Certainly. I have taken about week off, as the Ukraine situation is better avoided and I am having a pool and outdoor entertainment area built in my backyard. The construction has been intense. It's ...

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To HA candles. I occasionally switch to standard candles to get a glimpse of the actual entry point, but I prefer HA for its simplicity.

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First, I notice you are trading a 1 HR chart. My 1 HR chart includes a 100 and 200 SMA for trend reference. Your chart is missing that and I notice that a few of your proposed trades are against the trend (comparing them to my chart). I only trade ...

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Someone is paying attention! Ha! Well done. I will explain: A "cycle" is a retrace in which the StochasticRSI travels fully to the opposite extreme. So yes, it appears the first cycle had already occurred. Here's the catch: The Stochastic cycle had ...

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Your chart looks very different than mine - This is AJ daily and according to my chart, is not a trade. image

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I don't trade crypto so I can't comment on the validity of this system in regards to crypto.

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It is setting up but remember to wait for a red HA candle to close and then review the conditional rules at that time. Will the 15 EMA cross the 50 SMA upward at that point? Will the 15 EMA begin to round down and what will the StochasticRSI be ...

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Yes, that is true. Manual scrolling is the alternative. I've also used replay with standard candles while making judgment calls against a matching chart with HA that I am manually scrolling in unison. It's tedious but worth the effort.

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I remember watching that trade. I didn't take it. The 15 EMA is almost intersecting the 50 SMA - too close for my taste and a cross negates the trade. In this example, the 15 EMA is sharply headed for that cross as well. Remember, while not an ...

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Alerts can be set in Trading View for almost any kind of condition. Have you heard of, seen Trading View? There is a free subscription but the better tools are in the paid version. Still, it's inexpensive and a very good tool. I don't use MT4 so I ...

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The percentages were established through manual back testing. (review my post) I scroll way back on the chart and then mark each place where a trade would be entered as well as observe whether that entry would result in a profitable trade. I logged ...

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NO STOP LOSS ORDERS Some of you may have read in 1 or 2 of my posts that I don't use stops. To be clear, I don't use stops that would result in a loss to my trade. When I first started trading, I traded stock options (20+years ago). I used stops. ...

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Ha ha... yes, it seems the same questions keep popping up but in slightly different context. And yes, the answers are similar because the rules are the rules. I have said before that I occasionally bend my rules. But that is due to my familiarity ...

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Agreed on NZDUSD. I have traded it during times of geopolitical mayhem, such as what is happening with Ukraine. NZD seems unaffected and most likely due to it being too small and insignificant on the world stage for anyone to be concerned about it ...

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I only trade 3 pairs: EURUSD, AUDUSD and occasionally USDJPY. I have chosen the first two for ease of pip value calculation and trade volume. 1 pip at 1 lot = $10 US. Easy. (I'm in the US). I trade EU when the US dollar is strong (short EU) for the ...

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Review this post: url It shows a perfect set-up and reviews the rules. Secondly, My system has only been used consistently on EURUSD, AUDUSD and occasionally USDJPY. I have not used it consistently on any other pair. If you are trying to employ ...

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I recently posted this in an answer to Drsun: My method is very mechanical. But it is not the only way I make trading decisions. A comprehensive trader pays attention to central bank strategies, geopolitics, economic conditions, etc. No chart is ...

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I lied, I actually did have a losing trade. I have a test account in which I trade a small amount for the purpose of testing slight variations of my method. I remembered that I caused a trade to lose in October of last year because I clicked on the ...

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