View Full Version : BB, MACD, and everything else where appropriate
Researching the market using this specialized egic overlay makes more sense for me than anything else I've looked at.
That can be for short term trading. So it's a lot of fun. Very.
The basic chart is straightforward.
Candles, Bollinger Bands, and the 400 sma
First issue is to identify the trend daily.
Down, up, apartment in a channel?
Then find entrances on the reduced time frames which go with the trend.
Can fine-tune that to at least the 5 minute candles.
Constantly use a stop and be ready to take a small loss. It has two advantages. Prevents having to take a reduction that is larger after waiting for the transaction to turn round and waiting. And all that time might have been utilized to different transactions. I am carrying one trade at a time. It is fast moving to attempt and monitor multiple at a time.
Loing the most appropriate sma on the proper time period using a cross of price on that as monitoring stop.
News and information... and market openings and closings means heightened action and the possibility of a trend beginning but there's too much volatity right when the news is not there. Apparently there are pending orders above and just below out casing spikes in both direction and they have taken. So have to wait a few minutes until the trend can be recognized. To maintain a close watch for if they're scheduled.
Viewing MACD. It's rolling over? Are there any divergences? Assessing the different time frames.
No actual cash utilized however. So no fear of getting it wrong. But by going into the market utilizing the demonion it keeps my focus and I become more and more acquainted with the way the market moves.
I will earn money. I am sure of it. But for now let me examine this seriously.
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No recognized trend on the day...
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The buyers have been gone after a big uptrend. Trading in a station. The 400 sma just over. This could be as close at it gets to 400sma before going back down. But the day indies an prejudice. Some consolidation before significant move on the day.
I took the transaction anyway. I would not have, if it were real money. But for purposes of studying that I took it.
On the 30 min MACD is rolling over... 400 is just close. There's no information until NY 10am 3 hours.
If there's 4 or 3 pip move I will take it. Stop is set 15...
Not much action.
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A very long rest apartment like this after big move upward resets everything. MACD looking like it wants to turn up...
It's like starting over again to pick a trend. Move up never occurred.
It may last up new buyers... or it may fade. But the general bias is left up to apartment on the day.
Of course ANYTHING can occur in Currency Market. Hence that the stop is not there. To live another day, to play.
Then there's this on the 1 hour. Normally if it closes outside and then inside the bb such as this it indies promoting off. But if the general bias is upward the selling is not really deep. Almost flatlining and then to restart upwards.
New York open in 40 mins brings new traders... a lot of time NY will undo the London trend at first. There are standing orders and also some stop hunting that goes on by brokers.
I prefer to not be sitting a trade when there's info and markets openings.
This is for research purposes. A good way to find out what to not do and what to do.
Alright Closed for -7 pips.
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Outside for -7 pips... But instead not take a brief position....
But perhaps it is okay to trade long and short because the day fad is flattened and not identifiable as long however.
Only Await a long set ups... Maybe New York...
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Okay, in brief...
about the thirty macd rolling over and prices head for the 20.
It is not actually an up fashion on the day however so both long and short are suitable...
If it stalls here the 20 will appear to fulfill it.
NY at 30 mins.
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When I wanted to go short as found on the 30, I could have assessed that the 1 minute for a better entrance. I'd have seen the MACD was rolling over for retracing.
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The target is that the 20sma about the 30 min which coincides with the decrease bb on the 15.
But look at this bounce off the 400sma about the 1 min...
that the 400sma is a very powerful ma.
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That might be as long as it reach the goal. When it is slow like that the sma's and also the bollinger bands tighten.
And come up the prices instead of the prices running to reach them. So prices do attain the bb but since they moved. Since the bb moved.
These things all have to become second nature to me. So I don't even have to consider them.
Like driving a car.
One thing is for I don't need to be in a trade like that when NY opens... If it drops a bit I Will shut if not I will close anyhow.
I'm short with my luck it will be a new leg up at NY open.
Actually I'm pretty sure that's where it is going. To the 400sma on the 30 min.
3 mins to NY
Whoopie... outside for .02... I will retire now. https://forexintuitive.com/attachments/1525128714.jpg
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NY is open... data in 2 hours.
I feel the 400 sma about the 30 minute is where it's headed.
Following the data I'm believe it will pullback a few.
So buying the rumor and also selling the news in drama?
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I'd like to be in and out Many times on the way.
That is the idea. Know the tendency and buy on pullbacks. .
I'll find the hang of it.
Practice makes perfect.
Who knows if there'll be a forex market by the time I get it right.
The entire economic system could crash any day.
US national debt per person...
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Just insufficient market action.
Outside for 2.2
Look for another entrance...
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I think that is a bullish pattern on the 1 min.
A bear trap
When it pull back again I'll enter again.
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yes it had been bullish
might have waited for a pull back.
Trying to break out and proceed for that 400sma on the 30?
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Perhaps that was it... the high for the day. New York likely to undo it a bit.
That is what happens when there's no defined trend.
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There is that 400sma. This in about the 1 minute
Wherever that 400sma seems it's like a magnet.
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This is a lot of fun. I am as a church mouse. Could really use some cash.
But at least I'm enjoying what I am doing. And I am learning how the markets go.
Keep practicing. Https://forexintuitive.com/attachments/1525128724.jpg
Need to cleanup, but who cares about that!!
Need to consume something, forget it.
Later...
If I had been waiting to go long that I must have waited to get the pullback.
It looked like a breakout.
How many times has that happened?
But of this overall direction is upward afterward even when I got the entrance a little wrong it won't matter.
I think it is going up some more to reach the 400sma on the 30.
So let us see if I had been right or just stuck in my thinking.
Of course it might back strongly and get stopped out and then go to the 400sma.
How many times has that happened?
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Sideways until new home begins in US. . 1 hour.
Subsequently oil 30 mins then.
Sitting in this position is really a waste.
I might have obtained a small loss and done 2 great trades at least at the time.
I will find the hang of that if I practice and this happens enough times. Oh yeah. . I see. duh.
No harm though. I see this as going up to the400sma.
In US we can not trade with a long and short open in the same time
and there's FIFO rule... first commerce opened has to be commerce closed.
It's a real handicap. They allow all kinds of terrible market shenanigans. Crooked unethical stuff on levels. They do these rules?
It simply hurts little people. I guess that is why.
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I do not want to start more than 1 place at a time.
If I had taken a little loss then I would have had 3 good trades on pullbacks because my prejudice had been trend up.
Instead of risk one big loss...
So I still watch more upside on the 30. .
However, I'll wait for pullbacks on the 1 second
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Three successful baskets that this morning.
Not sure how many pips... but profit following fees and commissions = $9.10
So somewhere upward of 180 pips on three baskets opened and closed on the 1 minute throughout London.
If that's sign of things to come, this is pretty exciting.
Believe it or not investing like this is a LOT less stressful...
Only figure out a fantastic place to get in and let them battle it out.
This was one of the better ones. 1 minute chart EURJPY
Small losers, big gainers. That is what we want to see.
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I will keep refining identifying entries for pairs using macd, bb20 and bb400 base 1 on the 1 minute.
At the moment stops are extremely wide but exactly what I experienced that this morning was that most of pairs were performing quite well but one was a stinker.
I discovered after about 15 minutes I obtained the entrance on GPUSD wrong and was on the wrong side of the trade. So I upped the net gain goal by that far and shut it for a little reduction.
The rest of the pairs happily trundled along to get to the combined upped net profit goal.
Out of the 9 pairs I am monitoring I discovered 4 that I felt I understood the probabilities well enough to open positions.
No news. Nothing to real transfer the markets. Initially I put net gain at 5., 50 pips.
But no substantial action in the markets so opted out for internet gain 1... 14 pips. Not sure when the spreads are already accounted for. I think so.
That's it for today.
Will operate on another job and come back after while. . To check the markets.
GPDAUD was the big winner.
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After blowing up more demos than I can count or keep in mind, it appears like I am finally on my way.
The last 10 days are consistent. I feel like once I look at the chart through my filter, I can really see where the bid and ask are going.
If I do not get the entry quite right, and I usually don't but when I have the overall direction correct I open another position as it goes. I may need to do that 3 or 4 occasions, but if it turns about... it's usually fairly quickly and it's really spectacular. This happened a lot of times on many distinct pairs.
That I may have a few pairs available at exactly the same time. If there's an attractive gain I will shut everything even if it means a loss on one of the pairs. I was even able to surrender to a significant loss on GBPJPY when I realized I had gotten the tendency incorrect. No biggy. The upcoming transactions wiped out any losses and we live to trade another day.
Before I enter the commerce I have my goal and a general survey of what I expect. If it gets too fishy and resembles the landscape has drastically shifted I will get out. However, I must have some notion of the big picture across time frames and according to information releases, market opening and closings.
I will not trade if I am tired or not enthused about. That is a loser there.
This is my winning template...
400 bb, 20 BB, also MACD... It was phenomenal. . Let's see weekly how it stays up.
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did not really need to take a trade this morning. No information. No news.
But USDCHF had a set up I realized... Everything... nothing.
So I shorted. It was slow to come around and got out when it revealed a respectable profit... although I am pretty sure there's more downside.
That is fine. I am glad.
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Forget MACD. Much simplified with 400 BB
Works best on reduced time frames. 5 mins is great.
Following a run once the prices comes within the outer band on the 400 bb
enter short if on the upper band and long if within the lower band. That's it.
When it bounces beyond the band again wait for it to return inside and short again if to the upper band and long again if within the lower band.
Do this as many times as it happens before the prices revert to the mean... Which they always have to do eventually.
Increasing standing size each time.
1% first position.
2% second position
3 percent third position etc..
It is something similar to a Martingale but not as dangerous. Increases profit and reduces declines.
This seems for a reversal to the mean.
One of the reasons I really enjoy this way of trading is that the goal is always understood. The goal is the mean.
Unlike a big movement. . .where the target isn't known.
. however, it is guaranteed that the prices will revert to the mean at some point.
Employing the 400 signifies the move has been extensive and final within the band means it's getting ready to revert fairly soon.
I've the 20 sma on the chart simply because it gives some visual perspective.
I do not actually use the mean itself because the goal, since sometimes prices will come near the mean but not close at it beyond it. So I am using a channel of 10 pips on the 5 minutes.
As generally happens the template I was using was getting very packed with two macd's and 2 bb's. I wound up after the Fed speak, since it took a dip, getting stuck long on EURUSD.
That can't occur with this egy. There can be reductions. . But not runaway losses. Close is on the 10 pip channel of the 400. Simple...
Have been running it in the tester with fantastic results on different pairs and finally have a few places open stored over the weekend.
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Went out and in a few times on GBPUSD.
The goal is a moving target since the median and the channels move lower.
So I will keep adjusting the take profit to coincide.
When it falls back and goes beyond the lower band I will wait until it comes back inside and put in a position for 2 percent
If it keeps going as is it might be between 25 and 35 pips.
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Forgot to up the place size to 2 percent following the second drop below the upper band so entered 2 for 1 percent
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Going to trade the 1 min with the 400 bb. . 5 pip station
on the 5 min building positions can become overly expensive if it's behind a fantastic run.
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