What Really Turned My Trading Around

[Aztrader2]

Not sure, don’t get too far ahead. I need to test it.

Ok Bro, I just asked to know if it was what you’re working on…

Btw. You made me skilled enough to know more… why don’t you tell me something about your use of GMMA?Just to have some homework to do for this weekend…

I loaded a couple of templates I had (Cyrox & Cyrox mma) + 15M/H5 Swings. Are those good ones?

[shahrin]

Ok Bro, I just asked to know if it was what you’re working on…

Btw. You made me skilled enough to know more… why don’t you tell me something about your use of GMMA?Just to have some homework to do for this weekend…

I loaded a couple of templates I had (Cyrox & Cyrox mma) + 15M/H5 Swings. Are those good ones?

So colourful of yours…I got one but not that rainbowish…haha
Need to get our master’s version…

[Aztrader2]

Read Darryl Guppy’s Trend Trading. Then you will see why I took back and decided to reexamine my old trendlines.

I didn’t get him initially. I think I do now.

But you should be able to see what I see now.

I’m reading some articles from him I had… For now I see that (our) channel breaks must be sustained by a turn of long term GMMAs. Once confirmed, we have many ways to join in as suggested by mr. Guppy…
On the other hand, this can help us to better mantain our winning positions when a trend develops…

[Aztrader2]

@shahrin

So colourful of yours…I got one but not that rainbowish…haha
Need to get our master’s version…

Here is the Rainbow template…

Note: GMMAs are not calculated the same way of mr. Guppy here. But it seems to me this template helps us to follow better market movements…

CryoxMMA.zip (793 Bytes)

[Aztrader2]

Read Darryl Guppy’s Trend Trading. .

Oh my God… 439 pages…!:18:

[shahrin]

Our master on weekend vacation…rest…

[Aztrader2]

Anything new to learn today Boss…?

[shahrin]

I need to make the indicator even clearer.

Wait up, I am cooking up something better (with trendlines of coz)

Still waiting for the cooking…new lesson sir?..

[Aztrader2]

@Relativity

Try this :

1-Apply the standard barros swings with MTF
2-Set the 1st (junior) swing H5, 2nd (senior) swing D1 settings
3-Draw 3 regression channels for the current 3 senior swings; apply the channel from extreme of price to extreme of price, aka swing high to swing low.
4-Set the channels to with ‘Ray’ setting on
5-Follow the ‘trend direction’ set by the channels

Don’t use GMMA or Market Profile yet. We are not finished with trendlines and waves, since these are our primary tools. Nothing more.

So I was right before…it was a Regr.Ch.

Questions:

1. I see only 2 RC drawn in your chart
2. Must we draw RC as soon as Baros swings prints a new leg, and move it each time we reach a new extreme?
3. If price breaks the channel, must we ignore the first leg (as you told me before regarding the break of channels)? Which kind of leg (e.g. 15 min swing or 5H swing)?

[Aztrader2]

Being right has no bearing; sorry to burst your bubble lol.

Using it right and trading right is.

1)2 is generally enough, but I decided to try 3 coz i saw something.
2)draw RC as soon as Baros swings prints a new leg = yes, and move it each time we reach a new extreme = yes
In fact, for some homework, do this on all the historical swings for practical. Slowly move the RC to watch how price behaves in it, ignoring the price in front until it passes the ‘RC extreme’, as if price is now moving live.
3) If price breaks the channel, must we ignore the first leg (as you told me before regarding the break of channels)? = now we no longer have to ignore the 1st leg since RC does take into account inside swings.
Which kind of leg (e.g. 15 min swing or 5H swing)? = we only apply RC on D1 swing, but we are observing all PA across MTF through it.

I was right just on identify it…
I have a problem: I drew a RL Channel on a 4H chart & on a 15 Min chart (the extremes are the same) and price broke channel first on 4H, but on 15 min is still inside it…!!!

[Aztrader2]

Don’t use H4 charts. See the problem with compressed data now?

Since we really need to stick to a ‘generic chart’ and be less confused, M15 M30 or H1 is best

Personally, I prefer M30 charts, since according to my research, these are the best we can afford to use.

Done… I drew it on a 30 M chart… price just broke it on EU… let’s see how it works…

p.s. to pinpoint enter: better wait 30 min candle close outside the channel or price must just go through it?

[Aztrader2]

Sorry, I made a mistake… I drew RL Channel on a 5 H swing instead of daily…

Anyway, I made some pip, because I was already (20 pips retrace from daily high of EU).

Regarding EJ, what is your spread?
Coz mine is 3.2 and ADR 20 actually is about 87 = 3,67% EU is 1.6 and ADR about 120 = 1.33% (should be better as you said in firsts posts…?)

[Aztrader2]

EJ 4, 2.88 %
EU 3, 5.65 %

Better? If the pair with better spread has no opportunity, don’t force yourself to trade it.

Anyway the spread to average daily range % should be already a deal done with way before trading starts. Use it to select 1-3 pairs, then focus on them and look for opportunities, thats all. Don’t think too much, especially during trading. Its fine to think alot before and after, since its prep homework + reflections.

If you have not done some homework, close all positions and STOP trading.

In the heat of the battle, you don’t have much time left to think.

So, for you EJ is better, for me EU (%)… difference between brokers…
Mine are Alpari UK (fixed spreads) and Alpari NZ (variable spreads).
I’m using the second one with few money to test live what I’m learning… Then I’ll go to the big account (oh well not sooo big )
Anyway, I think what you told us today (RL Channel on Barros swings) will give us a very good edge… I was already looking at RL when i saw your image of last days, but you discovered the right swing to put it on… :35:

Maybe my journey to Singapore is not so far…

[Aztrader2]

Sorry noticed the typo; should be :
EJ 4, 5.65 %
EU 3, 2.88 %

Yes, those channels used in this manner should at least give you an idea which direction to trade. If anyone still can’t see it, then I can’t do anything else.

The only thing left is entries :
Try looking for :
1-bounces off channel trendlines
2-20 pips of H5 wave extreme
3-combination of 1 or 2

When in doubt, observe the current M30 candle.

Thats all. No more.

Really a great job…!

EURUSD is now showing inverted H & S via H5 swings. Do you see it?

There is a chance for some upside, then ranging movement now, at least till 1.2850? Downtrend might be halted.

I’ll try to catch it: enter long @ the break of the last 15 Min swing

And please don’t call me boss lol.

I’ll call you as I please… ROFL

P.s. Why did you said to draw last 3 RL Channels? Can we use them as possible targets and/or points were price can stop and reverse?

[shahrin]

Mr Rel…
you are suggesting to use H5 and D1 setting on Barros swing on your #190 post. Am I seeing that you are still using M15 and H5 on EU chart on your #197 post?..need to confirm. TQ:)

[shahrin]

Am I drawing it right sir?

[Aztrader2]

Am I drawing it right sir?

As I can see not bro…
You should draw it from the lowermost point of the swing (and not from the previous channel) to the uppermost of current swing. Then, if we have a new high you have to adjust it to the new high reached.

[shahrin]

As I can see not bro…
You should draw it from the lowermost point of the swing (and not from the previous channel) to the uppermost of current swing. Then, if we have a new high you have to adjust it to the new high reached.

Ok…you mean to click-hold n drag from the lowest pt to the highest swing point?..
thanks…

[Aztrader2]

Ok…you mean to click-hold n drag from the lowest pt to the highest swing point?..
thanks…

Yes bro…

[Aztrader2]

We need a soft tool now.

A basic volatility tool is GMMA of coz. Advanced = Market Profile.

3 RL channels seems enough. Don’t draw too many.

Lookin forward to know more about these tools.

Regarding Channels I asked why 3 and not just one or two? The old one (broken) and the new one until it’s broken.