No. I know it looks like one but let's review: You are looking for the first cycle up after the cross of the 15 EMA under the 50 SMA. That first cycle needs to contact the BB, release and switch to a negative HA candle. The entry you point at is the ...

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All time frames included, I probably knock out 3-4 trades a week on average. I have an account in which I trade 1 HR and 4HR charts. I have another account for 1D trades. I'm in the U.S. and the asinine rules prohibit hedging and require FIFO of ...

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The daily and 4HR charts provide a greater level of probability and pip count per trade. But the opportunities are fewer. It depends on your trading style and the pairs you choose. I only trade 3 pairs and mostly only 2 - EU and AU and sometimes UJ ...

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Took this trade on AUDUSD last night on a 1 HR chart. Textbook perfect set-up. Set a TP order at the 200 SMA (Red Line) and closed it for 53 pips. image

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It looks good - text book entry. Manage this one carefully. Price is flirting with the 100 day moving average and that cold cause either some stagnation of the trade or volatility that tests your nerve.

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467 as of my last trade.

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I see some excellent trades in those charts but I can't tell which of them you may have entered.

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True, My daily TF trades are few, but I hold them for their extended trends and often add to them as they retrace during the trend. I only trade 3 pairs: EU, AU, and UJ. I choose these based on their direction. When USD is strong, I short EU and ...

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Exactly. I exit on a 1 HR chart on a Friday, sometimes Thursday if I'm taking Friday off or it will be NFP, etc. Then I re-enter on Monday morning or set an entry to trigger during the London open if I think I can get a better price for my ...

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There have been a few requests for how to apply this strategy to shorter timeframes. So here we go... First, the core rules have not changed. See Post #1 for those. The shortest TF I will trade is 1HR. Thus, I have included a 1HR chart below with ...

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Yes, it looks good and as of this post, is in profit. I don't hold trades over the weekend. But that's me...

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Looks like you're in profit this morning. Nice! Another one of my rules... has nothing to do with this method and applies to everything: I don't hold trades over the weekend.

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Thanks for making that your first post at Forex Factory. Welcome. Everyone loves a goldmine. You should start a discussion on it so others can learn.

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HA = Heikin Ashi It's a variation of the Japanese candlestick.

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Absolutely and actually gives strength to the trade. I'm updating my first post because I failed to mention it.

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There are a couple issues with this trade. 1. It seems you are not using HA candles. Conventional candles do not produce the proper response to the rule structure. 2. The 15 EMA is very close and perhaps intersecting the 50 SMA when the trade was ...

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NO. But I would watch it closely. If you entered at .83500, there would be approximately 20 pips of profit in that trade right now (current price .83284 when I wrote this) I don't know about you but 20 pips of profit is enough for me on a daily ...

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SMA: See picture Standard. See my original post for settings. The HA candles must intersect the BB. It doesn't matter what part of the candle does this. Multiple candles will remain connected to the BB until they begin to pull away. Then you are ...

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The Stochastic and the RSI are not exclusive of each other in my method. There is an indicator that combines the parameters of both in a single process. It is the StochasticRSI. It should be readily available on most platforms. Pakeha posted an MT4 ...

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Beautiful. A "textbook" trade executed flawlessly. As you become accustomed to the process, you may decide that BB intersection is not always necessary. Intersection with the 50 is also a strong set-up but not quite as reliable. I don't support ...

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