Come on now, guys!!! What kind of slack routine are we running here???
What kind of example is this for other Newbies here!!!
Come on now, guys!!! What kind of slack routine are we running here???
What kind of example is this for other Newbies here!!!
HAHAHA! Iâm sorry I just really didnât notice! Hahaha. Usually, when I leave trades overnight, I just get stopped out at one point so Hahaha.
Oh. Iâm not very good at analyzing trades and I just usually jump in whenever I believe the signals are matching the criteria of the system, but I do understand where your frustration is coming from. The system has been working really great for me over the past couple of weeks so I guess Iâm just gonna go with it. It would be great, though, to have answers to the questions youâve posed regarding the system. I hope you still donât get tired of giving us your two cents! Huhuhu.
Hahahaha.
Iâm very happy to give you guys an update on this surprising trade. Haha. I was able to catch 101 pips! Yaaaay. The position was @ 1.31459.
Right now, Iâm still waiting for my indicators to meet the systemâs criteria.
By the looks of it, I might be able to enter a short position for EURUSD by tonight. What do you think @anon46773462? Do you think it will continue to go down?
Maybe - if I find anything to say that is worth that much!
But as I have said before, I am not actually trading specifically according to this method. It first caught my interest because it is so close to my own method which I have evolved over the years, entirely independently, before I ever came to this site, or any other site. I was so surprised when I first saw this some time back that I thought I would follow how its results compared with my own but it wasnât creating any other interest here other than the blog itself and I kind of lost interest - but then you came along and started this thread!
But the fact that I am not able to replicate the same actual signals in the official version means that my âliveâ input has no relevance. So I will just watch how you get along with it and just work with my own parameters.
I already included in my lessons learned close my positions before the market close in Friday afternoon
Hahaha! But itâs you guys who made it worthwhile since I donât really know that much yet. Itâs probably your inputs that also attracted the other members to this thread! [quote=âManxx, post:186, topic:156573â]
So I will just watch how you get along with it and just work with my own parameters.
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Please watch over us! Haha. And youâre always welcome to share how everythingâs looking on your end.
Helloooo awesome BP people. Itâs almost time to sleep over here and I just got to updating now since I was super busy the whole day! Although, I did look at the charts every now and then to see if thereâs a position I could open.
So in the end, it was a slow day for me (trading wise lol) and I wasnât able to put in any trade.
I noticed that itâs mostly just 2 of the indicators matching the systemâs criteria so I choose to not risk it. Haha. Plus, I also want to stay true to the system.
How about you guys? Any open positions or trades today?
Hello @ria_rose,
Currently it looks the market is ranging and there is no clear trend to be catch by the HLHB, maybe in the morning some indicators will match the criteria.
Hello @anon46773462,
I was investigating about the strong/weak analysis and found the next link:
https://www.oanda.com/forex-trading/analysis/currency-heatmap
I think is really helpful
Yes, I am sure these kinds of heatmaps are useful, especially for longer-term traders, in identifying pairs with the greatest potential for continuation. The current results here seem to mirror the SW results quite well.
I guess this kind of mapping could be useful with the HLHB if one is not looking to trade all three pairs and only wants to pick the pair with the greatest potential.
One could also use this kind of heatmap if one only specialises in one/two pairs. like me. For example, looking at the EURUSD recently, there has been little movement in a tight range and the heatmaps show them very close together. This tends to suggest and verify a short-term âpip grabbingâ trading style rather than a âholdâ. If could also suggest dropping to a 15m TF from 1H whereas, when they are show to be trending ,then to also look at the 4H TF.
Yeah! I guess up until now, the markets are still ranging. Haha. I havenât looked at USDJPY though? Is it also like that?
Hey guys! How are you all? I hope youâre all doing amazing (with non-trading related things as well) A
Just like what @Alberto.GP said, today was a pretty slow day for me too. With the markets ranging and all. I remember @Huck mentioned that sheâs working on making the system work better with ranging markets too and I really hope she comes up with something. Haha.
For the EUR, the ADX<25 so the moves might just be breakouts. Hmm. I wonder what our resident EUR expert thinks of this. @anon46773462
Iâm watching GBP because Iâm just waiting for my RSI to go below 50 to go short here.
How about you guys?
Yes, the USDJPY doesnât have a lot of movement at this moment but I changed to the EURCAD to test HLHB system since I saw 2 indicators (EMA & RSI) showing sell signals in the 1H chart. ADX is not showing any trend yet, but it looks that is getting close to 25.
Having got thoroughly bored with EU earlier, I have been trading GU this week - what a lovely pair it has been!
Looking at the 1H chart, it reminded me of this earlier conversation about the 200-period SMA and I thought this was an interesting demonstration of its widely recognised relevance. This chart is a GU 1H chart but the blue line is a 4-hour 200 SMA superimposed on it. Speaks for itself I think? Of course, no MA can âstopâ a price move that is being carried by underlying fundamentals, but it does concentrate focus on a specific zone, which is often respected by technical trading in the absence of strong underlying movers.
In terms of the HLHB, this is possibly a good addition with respect to assessing targets for full or part closures?
Youâre right. Looking at the bigger picture, I missed signals for GBPUSD this week. Oh my. Those couldâve been really good pips.
Oh well. Itâs really hard to balance monitoring my charts with my part-time jobs. Iâll try to do better next week!
Just an update guys, Iâve been itching to open positions this week but it seems like I have missed most of the signals this week. I wonder what to do about this. Because Iâm busy with other jobs during most days, I end up just logging in at times the signals have changed and no longer match the systemâs criteria.
Iâll try to allot more time for my demo trading next week so I could closely watch my charts!
One possibility is to load an app to your mobile that has charting facilities. I have MT4 on my mobile with my core ma structure loaded. I also have alarms set for key times like UK and US starts as well as end of every 4H candle. In my timezone this is 8:00, 12:00, 15:00, 16:00 and 20:00.
By checking on these regular key times I can keep in touch with the overall picture of the maâs and spot when a crossover may be imminent. I donât need to study my screen for long periods unless something âinterestingâ is developingâŚâŚ.
Oh yeah! This sounds like such a good idea. Why didnât I think of this earlier? Haha. Thanks for this @anon46773462! Iâm gonna try to download MT4 on my phone and I hope it works!
Hello @anon46773462,
This is a good example of the 4-hour 200 SMA working as a resistance level, if the chart touch the resistance for sure will bounce back.
What do you mean by superimpose on it?