My Trend Following - Page 9
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Thread: My Trend Following

  1. #81
    Hello,

    I wish to clarify HHHL and LHLL


    HH: The top of this signal candle is higher than the top of the previous candle

    HL: The low of this signal candle is higher than the low of the prior candle


    LH: The large of this signal candle is lower than the top of the previous candle

    LL: The low of this signal candle is lower than the low of the prior candle


    I) Higher Highs, Higher Lows for bearish reversal pattern

    ii) Lower Lows, Lower highs for bullish reversal pattern


    Next we'll see how exactly we enter a transaction based on these patterns



    Sai Ram


  2. #82
    Hello,

    Sell trade:

    When HHHL is formed then set market stop order on the low of the previous candle of this signal candle.

    Long trade:

    When LHLL is formed then place buy stop order on the top of the last candle of this signal candle.


    Sai Ram


  3. #83
    Hello,

    Down Tendency

    H4: The trend is down. Since 5/10 EMA crossed down and supported by macd hist lt; 0 and stochastic crossed down

    H1: Wait for CCI goes above 100 then go to M15

    M15:

    I) CCI must be above 100 one of the 2 indiors (MFI or Stochastic) moves from the OB region

    ii) Wait for HHHL pattern shaped. Then set a stop below the low of the candle of the sign candle.


    Sai Ram

  4. #84
    Hi,

    Up Tendency

    H4: The Tendency is up. Since 5/10 EMA crossed up and supported by macd hist gt; 0 and stochastic crossed up

    H1: Wait for CCI goes below -100 then go to M15

    M15:

    I) CCI has to be below -100 among the 2 indiors (MFI or Stochastic) moves from the OS area

    ii) Wait for LHLL pattern formed. Specify a buy stop on the high of the last candle of the sign candle.


    Sai Ram

  5. #85
    Quote Originally Posted by ;
    quote Hello, I use 5/10 EMA cross over on H4 to recognize the trend. H4: Up tendency: 5/10 EMA cross upward and supported by macd hist gt; 0 and stochastic cross up Down tendency: 5/10 EMA cross down and supported by macd hist lt; 0 and stochastic cross down Sai Ram image
    Sorry, I meant to ask exactly what currency pairs do you use this egy on the majority of the time?

    Tom

  6. #86
    Quote Originally Posted by ;
    quote Sorry, I meant to ask what currency pairs do you use this egy on the majority of the time? Tom
    Hi,

    95 percent of the time I exchange GBPUSD. Because I need only 20 pips to get my daily goal.

    I also scan EURUSD, AUDUSD and EURJPY.


    Sai Ram

  7. #87
    Hi,

    Now I Seized 10 pips on Aussie. There aren't any news. The markets are all slow. When deciding to set a trade ones must take cautions.

    This transaction is less high probability by 2 variables:

    1_ No news less volatility
    two _ Price didn't pull back enough. Because CCI(H1) wasn't reach the OS region.

    Lets watch the transaction which I obtained today.

    H4: The fad was upward

    H1: CCI was just below the zero line. I'd love to determine CCI went below -100

    M15:
    CCI was below the zero line. I'd love to determine CCI went below -100. However, MFI and Stochastic have been in OS Region. Price found support . The last event gave me confidence to set a buy stop.
    Once LHLL bullish reversal pattern formed I set a buy stop above the top of the last candle of this sign candle.

    The trade exited manually with 10 pips. Because the market was slow


    Sai Ram

  8. #88
    Quote Originally Posted by ;
    quote Hi, I'll use the template attached below to analyse my transactions in the future. I am sorry for the convenience. MFI stands for Money Flow Index. It's in metatrader platform, Volume indiors Bonne fin semaine Sai Ram document file picture
    Hi Sai can you please discuss the indior with no rar? I cant open the rar file in my computer. Thank you

  9. #89

  10. #90

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