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SilentFathers Trading Ideas

Took a quick scalp on 15min EU. Expected a bounce at the peak looking left so took quick profit after trend change and will wait for retracement to reenter
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Quoting hepsibah
Took a quick scalp on 15min EU. Expected a bounce at the peak looking left so took quick profit after trend change and will wait for retracement to reenter {image}
I find it very interesting - what happens when price touches one of the bands.
Quoting shg
Hi Guys, Thanks to op for creating thread and thanks to the shiva and hepsibah for upgrading indicator for mt4 I have noticed something with combination of other indicator. I do want to post my analysis but only if op or other seniors allowed to post... let me know please thanks
You can post anything. I don't mind any new idea or something. Post it if you wish. I also work on this but it needs time.
Short on WTI + 1,44

notice the nice obvious Head & Shoulders patterns
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Quoting parisboy
Short on WTI + 1,44 notice the nice obvious Head & Shoulders patterns {image}
(I have taken the same trade on oil and just exited. Despite the H&S and the news in 45 min I do not think it’s going to break support... Cheers, k)
Quoting kprsa
{quote} (I have taken the same trade on oil and just exited. Despite the H&S and the news in 45 min I do not think it’s going to break support... Cheers, k)
Closed Short position + 1,95
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Quoting Old_Dog
{quote} Hello mate, No problem at all. Just add a Moving Average of Period = 1 to your chart but no colour (see first pic). Then add whatever levels you want (see second pic). You can tweak the levels until you get the best signals. That's it Kind regards, OD . {image} {image}
I know your actual settings but your secret is safe with me
Read in between the price!!!
Quoting calebfx
{quote} I know your actual settings but your secret is safe with me
Don't you think that the settings would be different for each currency pair, and different for each time frame?
Thanks to SilentFathers who gave me opportunity to share my observation...

Here are my screenshots from EN H4. I am not sure about the success rate for other pairs and timeframes but together we can study and make changes accordingly.

There is no reason behind choosing EN. I had that chart open and i applied the indicator. After observing past 6 months i found something to share. I normally trade in H4 so i have had that chart open by default...

I am using bollinger bands and blue indicator for this study. When blue line cross from top there will be opportunity for buy trade and when blue line cross bollinger band from bottom there will be sell opportunity. As per my study if the blue line come out from bollinger bands within 3 or 4 candles then its a trade or else its void. Because of this observation we miss good opportunity. Specially when there is strong trend. But because of this rule we avoid few bad trades as well...

I am posting few charts from EN H4...please have a look everyone and if this is good idea with other pairs and then we can trade. I have use bollinger bands default settings 20/2.
These are 2 screenshots from January 2018

First screenshot have 2nd trade which cross back from bollinger middle band and that is why i believe we can take that kind of trades. But blue line should go along with middle band for couple of candles for successful trade....Its heavy trend which will do heavy pull back or reversal....

Have a look....
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Quoting hepsibah
{quote} I started to collect sentiment data from myfxbook about a month ago to test the premise that trading against the crowd should be profitable. And on the data so far, it certainly seems to be the case. On the chart the green lines show the average long price of trades held by retail traders and the number is the percentage of retail traders who are long. The magenta lines represent the average short price and the corresponding percentage. So, if you are looking for a bias, trading against the crowd should definitely give you an edge on the...
Interested in this indi mate if you wanna share. Thanks for your input so far.

Quoting BlackStack
{quote} Don't you think that the settings would be different for each currency pair, and different for each time frame?
Perhaps, you keep tweaking till you get a sensible S/R but I was actually referring to the settings used on his US30 H1 chart posted
Read in between the price!!!
Few more screenshots
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And few more...
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  • Post #176
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  • Edited Aug 9, 2018 12:11am Aug 8, 2018 11:57pm | Edited Aug 9, 2018 12:11am
Quoting shg
And few more... {image} {image} {image} {image}
Your idea is all well and good but as a guide to help you in my humble opinion would be to only take trades which pierce the lower or upper bollinger bands entering with a candle in the direction of the intended trade. This in conjunction with your rules on the cross of lower and upper BB by the blue indi. Avoid trades hovering around the BB middle line only short trades work there mostly.

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Above all hindsight is 20/20 so observe this in real time

EDIT: Also avoid taking trades earlier than the close of the 04:00 candle and later than the close of the 16:00 H4 candle, mind you it takes 4hrs so basically the close of the 16:00 would be the beginning of the 20:00 candle
Read in between the price!!!
Quoting calebfx
{quote} Your idea is all well and good but as a guide to help you in my humble opinion would be to only take trades which pierce the lower or upper bollinger bands entering with a candle in the direction of the intended trade. This in conjunction with your rules on the cross of lower and upper BB by the blue indi. Avoid trades hovering around the BB middle line only short trades work there mostly. {image} {image} Above all hindsight is 20/20 so observe this in real time EDIT: Also avoid taking trades earlier than the close of the 04:00 candle and...
Yes i agree...will observe with you inputs. For the middle band i think if blue line lined up with middle band for few candles then those trades work fine but i will keep observing them...

thanks
Quoting shg
{quote} Yes i agree...will observe with you inputs. For the middle band i think if blue line lined up with middle band for few candles then those trades work fine but i will keep observing them... thanks
Don't really understand what you mean by the above
Read in between the price!!!
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See trade 2, blue line crossed middle band and keep moving with it in the same direction. After few candles moving with middle band it crossed back to up in the direction and that is where we can buy.

To confirm this we need more examples and if this is what it does we can take trades....Blue line crossed middle band downward and went further down mean that it was heave trend....At the first attempt it failed and then at second it went 300+ pips..
Quoting calebfx
{quote} Interested in this indi mate if you wanna share. Thanks for your input so far. {quote} Perhaps, you keep tweaking till you get a sensible S/R but I was actually referring to the settings used on his US30 H1 chart posted
I would share if I could but it needs several indis that I cobbled together that has my own myfxbook login hard coded into it. A more experienced coder than I am would be able to come up with something where you could enter your own login but tbh, looking at myfxbook/outlook once a day is all you need. If I find some patterns as the amount of data increases, I will certainly share.
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