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Attachments: SilentFathers Trading Ideas
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SilentFathers Trading Ideas

Quoting Lowphat
{image} playing with the settings to match this push. the support areas i think will be relative to the intensity of level angel.
Great idea Lowphat. Very clever.
Quoting Sann
Hello everyone, today was catching reversal peaks on US30/T50 but couldn't find anything better than that. I wonder does it make sense to draw levels like this (outside upper/lower peaks of the indicator)? {image}
That is correct. Good you noticed that you can do it like this. However it exactly proves my point. These I call blind spots. Never figured out how to know where price will reverse. If on high outside of those bands or inside.
Lovely set up on EU m15 this morning

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Quoting hepsibah
Lovely set up on EU m15 this morning {image}
Mate, you bypassed forex already. ;S I mean good job.
I'm seeing the upper channel break previous price highs with M patterns below. I have entered a short expecting price to retrace back to the M on the price at around 1.1569. If the upper channel continues up and breaks the price high at the next line above before the retrace, I will add another short. The channels are close to making a touch so it is very possible price may move slightly higher until this occurs.

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Quoting hepsibah
I'm seeing the upper channel break previous price highs with M patterns below. I have entered a short expecting price to retrace back to the M on the price at around 1.1569. If the upper channel continues up and breaks the price high at the next line above before the retrace, I will add another short. The channels are close to making a touch so it is very possible price may move slightly higher until this occurs. {image}
Correct it is highly possible.
hepsibah, how can I avoid this trade?
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Quoting Traffex
hepsibah, how can I avoid this trade? {image}
Please show full screen. I can't see it like this. Then I might help you. Now it looks like bad counter-trend trade
Quoting Traffex
hepsibah, how can I avoid this trade? {image}
I think I've mentioned this several times already but, as soon as the top channel (in your example) shows that it is no longer a spike down i.e. when it creates a new low below the black line I've drawn, the setup is no longer valid and you need to exit.

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The touch/cross over setup has to look like below. As soon as the second of the spikes is taken out, get out. These setups are very high probability but, like all setups there will be failures.

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hepsibah, thank you again. My question was, if I could avoid the bad trade, and from what you post, you would have taken this trade again and exit at a new low. I thought as much.
What is your percentage of losing trades in which timeframe with this system? And which RR do you have on average?

SilentFather: Sorry, I can't remember, which chart it was, but it was a HH of the lower band.
Quoting Traffex
hepsibah, thank you again. My question was, if I could avoid the bad trade, and from what you post, you would have taken this trade again and exit at a new low. I thought as much. What is your percentage of losing trades in which timeframe with this system? And which RR do you have on average? SilentFather: Sorry, I can't remember, which chart it was, but it was a HH of the lower band.
Mmm. You have seen a lot of my trades posted here and I can tell you that so far it has been very profitable for me.

But it would be much better if you were to share the results of your own analysis in the thread because only you know where you would have entered and exited because we all see things differently and have a different approach to risk. Patje did exactly this and liked the approach but decided that he would need more filtering to make it work for him which is an opinion that I respect because I know that he has put in the time and effort to come to that conclusion.
Quoting hepsibah
{quote} Mmm. You have seen a lot of my trades posted here and I can tell you that so far it has been very profitable for me. But it would be much better if you were to share the results of your own analysis in the thread because only you know where you would have entered and exited because we all see things differently and have a different approach to risk. Patje did exactly this and liked the approach but decided that he would need more filtering to make it work for him which is an opinion that I respect because I know that he has put in the time...
2 out of 2 today, yd 4 out of 5. ...... It's is nice to know your exit upfront, only have to tweak the entry a little bit.... Rrr 1:1 till 1:4 this far. ..
Quoting Patje
{quote} 2 out of 2 today, yd 4 out of 5. ...... It's is nice to know your exit upfront, only have to tweak the entry a little bit.... Rrr 1:1 till 1:4 this far. ..
That's great Patje, thanks for the feedback. There's a long weekend coming up as it's bank holiday in UK and US on Monday so lots of time for research and analysis for possible tweaks
Trendline idea... When we have some trendline and price made high or low, we can sell or buy on the trendline IF there is high or low as here on my example.. Should be very easy and accurate profit. I did this years ago and it worked. So yeah... I will also show you later another trendline idea which does not happen often but it is very good point of entry. Don't make high on wicks. They are literally deleted like this. Because indicator will help us enter on exact high or low most of the times, we don't need to check for wicks much because when you make trendline from the indicator (not the price) we will have very accurate TL too.

Oh and don't forget. Sell when price is going below to the trendline and vice versa..

SF
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Quoting SilentFather
Trendline idea... When we have some trendline and price made high or low, we can sell or buy on the trendline IF there is high or low as here on my example.. Should be very easy and accurate profit. I did this years ago and it worked. So yeah... I will also show you later another trendline idea which does not happen often but it is very good point of entry. Don't make high on wicks. They are literally deleted like this. Because indicator will help us enter on exact high or low most of the times, we don't need to check for wicks much because when...
Hello SilentFather,

Thanks for sharing your idea. Could you explain a little bit more the entries? I have read your post several times but still don't get it. Thanks!
Quoting Patje
{quote} This is also a pattern that happens many times... {image} {image} {image}
How did you go on about drawing the lines. We shall create a private video for the people in this thread to learn how to actually use this.
Quoting Lowphat
{image} playing with the settings to match this push. the support areas i think will be relative to the intensity of level angel.
Is that a green and red MA made visible to the public to use or is it just private for yourself?
Quoting hepsibah
{quote} I think I've mentioned this several times already but, as soon as the top channel (in your example) shows that it is no longer a spike down i.e. when it creates a new low below the black line I've drawn, the setup is no longer valid and you need to exit. {image} The touch/cross over setup has to look like below. As soon as the second of the spikes is taken out, get out. These setups are very high probability but, like all setups there will be failures. {image}
Do you wait for close below the black line?
Quoting luis1moce
{quote} Hello SilentFather, Thanks for sharing your idea. Could you explain a little bit more the entries? I have read your post several times but still don't get it. Thanks!
Obviously, sure. You just make a trendline (literally any - just take the high/low from the indicator, not a price) and wait till price slows down, makes some high for sell and low for a buy and then retraces back up (for a buy) or retraces down again (for sell). Then price MUST touch the trenline and IN THE SAME TIME also be on last high or low. Then we can simply buy or sell and get really easy profit.

Here on picture is confluence of few things and this trade would be really great idea.

SF
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And one more... Up to you if you want to keep "old" trendlines. They mostly work also. Forgot to say.
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