Hello muga34
Welcome to the threat!
Congratc with your trade!
Thanks in advance for EA it will be usefull you need to zip it only then you can attach it
I didnt took first one becouse downmove was already for 50 pips and pullback was realy too small. And other one I took too and got -6 pips thats not much so thats not big deal
There will be good ones witch will lift us up a bit
Thanks Janqie. I did think about whether or not I should have been entering on the first one as the move down was already quite big. I think i need to be tighter with my stops. I should follow your rule to put the stop 1pip below last low + spread so in my case 2-3 pips below last low. I got -11 on the last one due to have a big stop.
Just got out of this one with +12
Price got its les out of EMA but didnt closed outside then stronly rejected
and I took the risk
E/U - sell +2 pip - now looking U/C bonce off daily / weekly pivot
Nice one Janqie. Looks like I may have just missed one on the G/J although the price around the pull back was quite eratic so I probably wouldnt have taken the trade. All 3 charts trending up now, hopefully will get one soon with the G/U.
You right stop must be placed 1 pip + spread becouse if price breaks last high or low trade is dead anyway and you can safe few pips. In general two pips here two there and you have more proofit and less loss since it is scalping.
Ok guys I’m out now have to go.
Tomorrow will explain other Sub so see ya tomorrow and good luck today!
Ok Janqie, have a good day! Its been good trading with you. Looking forward to reading your other sub strategy tomorrow.
Hi janqie,
Would you please let me know which pic is correct for plotting the fib on M1 TF?
Thanks for helping
Couple of problems
a) price is below the green ma
b) purple ma is below the green ma
rem the original rules and also apply to get better trades. Today I mad 186 pips from gu alone using this methodology.
Only buy when
a) 5 min confirms a buy
b) purple ma is above green ma
c) price closes and opens above purple ma
d) green ma is slanting up (if flat them stay out)
vice versa for sells
Good morning,
BL888 realy nice post and explanations thank you!
Its weary nice to hear that you are doing such proofits
Sorry I could not join you this week becouse I’m teaching two of my friends about forex and it is in personal so I have not time now but I’m realy happy that you are in this threat!
Got two beutys in this morning
First +20
Second +10
Got what I want today now gone to make up Sub2 explanations
Hello sam2vt welcome to the threat
The right use of fibs is in first picture but it’s just you plotted it upside down
Hello guys
it’s me againg as I promised here is Substrategy 2 TF (trend friend)
I use basic sub to gain main proofits and take it as soon as it goes about 15 pips
in my direction.
this sub gives oportunity to catch monsters with #1 play.
First of all look at the picture
At the start of movement beutifull basic entry can seen everything is alright. But we got BE and
movement went to the downside for another 3 hours so if we use basic sub only we cant
trade for 3 hours and have to wait or play #1 with basic setup witch can sacrify lots
of trades in a long run trying to catch moves like this.
So what we can do?
1. If price is goin more than 40 pips in one direction we can expect no just
little pullback but long pullback witch can be seen on 5 min with few candles
went counter trend direction.
As in basic Sub first we look 5min tf witch will be traded on 1min
We must look at Mashki indicator.
In steady uptrend or down trend we
can see indicator sticks doing higher highs or lower lows.
When price is doing pullback Mashki also doing pullback and indicator makes
lower highs in uptrend and higher lows in downtrend.
In this case as long as we see mashki doing lower lows after candle close
we wait. But when we see higher low done after candle close we put the marker on it
and then switch timeframe to 1 min
2. After switching timeframe to 1min as in basic Sub we plot fibonacci indicator from start of the move till start of the pullback and watch if pullback gona be no more than 50% of trend move. Also pullback must
stay below 50Ema in downtrends and above 50Ema in uptrends.
3. Again after we get candle witch rejects pullback and switches color to
original move color we take the entry.
Stop must be placed 1 pip + spread abouve or below last high or low
BE must be placed when candle closes with more than 10 pips in profit
4. #1.
To play #1 corectly I have to watch higher highs or lower lows witch
forms after I enter the trade. I have to place my SL near every HH or LL to ride the trend untill it breaks it.
SL must be placed after every litle pullback is rejected by 8 or 10 pips
When we are in proofit for more than 40 pips we can tight up stop or take
it ride a way or what ever becouse again we can expect bigger pullback
witch can take us down.
After I’m out I switch timeframe to 5 min and again looking for next setups.
I saw proofits with this Sub from 40 to 100 pips with one single trade so
if perfectly played it can be great support in account growing
Thats it guys its all I wanted to say for now. If you have questions please ask
I will answer a bit later.
Hey janqie,
ive been testing this system on M5, and so far so good.
apart from when 50 is flat and the 14 keeps crossing.
i can see you are using this on M1.
do you use the same rules for entry and exit on the M1 as the M5?
Thanks
Janqie has posted the rules a few pages back. Please flip back and you will see. If you also read the questions people asked then that will also provide further insights.
BL888,
i cant seem to find it,
could you just briefly tell me is it the same requirements to enter and exit?
Thanks
I think you have mistaken where I took the trade. The red vertical line indicates 5m TF trend change. A little while later, where the small and hard to see red arrows are is where I took the trade.
Janqie, thanks for sharing your sub number 2, looks like a good system. I will hopefully have a go with this system tomorrow.