Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Consecutive Candles Williams %R and Volume with 55EMA Baseline 788 replies

No candles on 15 minute charts 5 replies

Calculating only buy candles vs sell candles 2 replies

15 Minute MA+SAR trading strategy 19 replies

Attachments: Williams%R, SAR X-over 15 minute candles
Exit Attachments

Williams%R, SAR X-over 15 minute candles

2 more trades trend continuation on a/j and a/u
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xo52.png Size: 84 KB
Click to Enlarge Name: xo53.png Size: 86 KB
Yes I place stops at entry, I have a trade template that automatically places a 20 pip stop I can then drag stop on the chart to actual desired spot.

No I don't use trailing stops, personal preference nothing wrong with them.
Quoting rockypoint
Yes I place stops at entry, I have a trade template that automatically places a 20 pip stop I can then drag stop on the chart to actual desired spot. No I don't use trailing stops, personal preference nothing wrong with them.
What is your average stop loss in pips, when stopped out.....always have to think in r:r terms..even for short scalps...
6-8 pips get a fair amount of b/e's
Just a quick heads up if any of you are more comfortable with longer time frames check out Dazjw2311's thread 3 bar fractal break very nice system and great info.
Is there an amount of time you would consider waiting and then canceling the signal if both indicators don't line up? I notice that normally one of the indicators will be in position first and then you have to wait on the second. I wasn't sure if there was an amount of time that you would wait before you change your mind on the trade?
Kind of depends on Price action if its popping up and down better of with quick confirmation 3-4 candles you can be move patient if price is in a tight range consolidating(squeeze on a BB) patience there can provide some very nice trades.
Do you still set stops a few pips above/below previous swing high/lows? Or are you using an "opposite signal" as your SL/Exit? If you are using an "opposite signal" as your SL/Exit do we have to wait for both indicators to change directions or just get out as soon as one of them change?

EDIT: Sorry I just seen this post. I must have missed it. My bad. "Yes I place stops at entry, I have a trade template that automatically places a 20 pip stop I can then drag stop on the chart to actual desired spot. No I don't use trailing stops, personal preference nothing wrong with them."


I guess since this post is up here how do you feel about these stops?
I'm Done 4 trades started about 11:15 my time. A bunch of singles on a fairly slow night, alright with me. So you know I was aggressive with my entries tonight
Using the arrows to take entries as long as Williams%R was pointed in right direction and close to the 50.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xo54.png Size: 71 KB
Click to Enlarge Name: xo55.png Size: 79 KB
Click to Enlarge Name: xo56.png Size: 78 KB
Click to Enlarge Name: xo57.png Size: 72 KB
Lets be honest about what I did tonite. I've been tweaking as we've gone along mostly to find a way be more selective with the signals. Tonight I went back to the original template so I could take some trades. You can manipulate chart s to show you what you want to see. Even then I took a look at williams %r setting to 10 which helped me justify taking the trade. Trading to trade is not a good thing, tonight it went my way. Other times it hasn't i'd say it works out 50/50.
So don't look at these trades as good ones. They are not, If you have a system follow the system. Discipline and Patience. Just see that no matter how experienced you get sometimes the need overcomes the system.
Got up a little late today, wanted the unemployment numbers to come out, but who knew Fed would announce they would spend trillions to help economy. So Fx market essentially turned to chop. Took 3 all continuation trades, 1 win, 1 loss and 1 b/e. Behaved myself today and followed the system. My biggest enemy(trading wise) right now is boredom. Being stuck inside with no beach(closed) no gym(closed) has got my sleep patterns all screwed up. See I left result off of GBP/AUD which was +13.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xo58.png Size: 88 KB
Click to Enlarge Name: xo59.png Size: 83 KB
Click to Enlarge Name: xo60.png Size: 89 KB
Quoting rockypoint
Got up a little late today, wanted the unemployment numbers to come out, but who knew Fed would announce they would spend trillions to help economy. So Fx market essentially turned to chop. Took 3 all continuation trades, 1 win, 1 loss and 1 b/e. Behaved myself today and followed the system. My biggest enemy(trading wise) right now is boredom. Being stuck inside with no beach(closed) no gym(closed) has got my sleep patterns all screwed up. See I left result off of GBP/AUD which was +13. {image} {image} {image}
Do you wait for the candle to close once the arrow shows up? I have noticed the arrow may trigger alert mid way through a candle. Thanks
Nope I wait for candle to close, as it appears early it can also disappear
Quoting rockypoint
Nope I wait for candle to close, as it appears early it can also disappear
I've seen you post 2 different exit strategies so far. First being the close at the 50 of the Willams%R, Second using your template that automatically places 20 pip stops that you manually adjust from there. I'm assuming using previous swing H/L's and or S/R areas. Am I correct in assuming that you use both of these exits? Is there a time and a reason for each of them? Do you have any other exit strategies that you use? Sorry for all the questions. I'm just trying to learn and the only way to learn is to ask questions. I'm taking notes of all your posts. Trying to put everything together. Thanks for your help and your time.
I'm not 100% sure about what you are calling exit strategies, the s/l's yes that is what I do. The Williams%R at 50 I'm not sure what you mean Yes I might exit a trade I'm in because W%R reversed against me, but mostly use that for 1 of triggers/confirmations for entry. Truthfully my exits are mostly how I'm feeling about price movement, or I'm just done trading. Hope that helps
Quoting rockypoint
I'm not 100% sure about what you are calling exit strategies, the s/l's yes that is what I do. The Williams%R at 50 I'm not sure what you mean Yes I might exit a trade I'm in because W%R reversed against me, but mostly use that for 1 of triggers/confirmations for entry. Truthfully my exits are mostly how I'm feeling about price movement, or I'm just done trading. Hope that helps
yes that helps. I'm sorry for the confusion. By exit strategy, yes I meant your SL. I just seen you post a couple of different ways you exit your trades. One way I seen you mention was exiting your trades when the W%R goes back to the 50 and crosses the opposite direction of your trade. (on a candle close i'm assuming). The second way I seen you mention exiting your trades you talked about the template that automatically places a 20 pip SL and then you manually adjust the SL according to ???, again I'm assuming your using price structure........swings H/L.....S/R...etc. I just thought of a THIRD exit you use.......when that 3rd hour is over and you are done trading, you will just close your trade and be DONE. Again, sorry to be a pain, i'm just trying to put all the pieces together. I like your strategy and I respect your years of trading experience. If i'm going to pick the brain of someone and learn their strategy, it should be someone who knows wtf they are doing...haha. Txs again RP!

Edit: "Truthfully my exits are mostly how I'm feeling about price movement, or I'm just done trading. Hope that helps" Yes, this helped me. TY
No problem
Quoting bojack34
{quote} yes that helps. I'm sorry for the confusion. By exit strategy, yes I meant your SL. I just seen you post a couple of different ways you exit your trades. One way I seen you mention was exiting your trades when the W%R goes back to the 50 and crosses the opposite direction of your trade. (on a candle close i'm assuming). The second way I seen you mention exiting your trades you talked about the template that automatically places a 20 pip SL and then you manually adjust the SL according to ???, again I'm assuming your using price structure........swings...
Rocky has another thread that may be worthy of your study. Like here, all good stuff.
Trading with range bars ichimoku cloud & awesome oscillator
every Saint has a past. Every Sinner has a Future
Quoting turnip15
{quote} Rocky has another thread that may be worthy of your study. Like here, all good stuff. Trading with range bars ichimoku cloud & awesome oscillator
Great tip T, this strategy and his approach to MM, entry and exit are quite similar to his old thread, Rocky is gifted with picking up the right trades at the right times and manage them very well....
Yes - Gifted.

Not like the others(you know who you are) demo trading for years and think they are sh$t.

Rocky, question for you, what percentage of your risk account do you put on the line for each trade and are all trades - same position amount?
6 traders viewing now, 4 are members:
hnk
,
,
tradepar
,
DwnUndrTrdr