10.4/10.5 trades only

[Gertje]

I get a lot of PM about how I trade the H1 using the H4 signals.

For example the AUDNZD; monday it signalled a short setup so I went to the H1 charts;
- Entered pending sells at MR1, DP, MS1 and TP at S1.
- MR1 triggered and I was 'live'.
- During my sleep DP triggered and the next morning before I got a chance to look at the charts due to work, MS1 triggered.
- Price retraced on me and I set a pending on the new DP that triggered last night.
- This morning I adjusted the TP to the new DS1, and a few moments ago TP was hit for 94 pips on this pair.

Most will find my initial entry too early, but for me the crossing of the WP was the trigger.
This is how I trade all except xxxJPY pairs at the moment.

Attached the H1 and H4 charts for AUDNZD.

[Gertje]

Like with the previous pair, EURCAD signals on H4 [possible bounce of WP, RSI nearly flat] so switch to H1 for pendings.
- MR1 triggers first and price retraces on me
- Set more pendings below price at R1 and MR2, they trigger as well
- Today's pivots are nearly at the same level as yesterday's so no new pendings.
- Move TP to new S1
- TP

Attached H1 and H4 charts.
.

[zentauro67]

This is about how I manage orders. I use 10.4 template as a decision taken chart (see my first post), and once I have set in my mind entry, sl, and tp, I run a naked template with Another Brian´s TT2P EA attached.

As I use broken retrace trendlines as a trigger I need an EA that let you enter with a slope line (the magenta one here) and not only horizontal. This send a dinamic pending order that will change with every new candle and only will be activated if the trendline is broken. Here I choose a conservative SL (above last swing high) and two targets with a Break even line near the first one.

Why a naked template? I believe in "set and forget" and for me the best way of not being tempted to change things in the heat of action is a no indis template.

I don´t use here 240 as SL because GBPCAD is a ranging pair (as GPBNZD and EURGBP) and if it goes north it will surely have no mercy. Also, you can see that the entry magenta line has some pips extra in its slope to avoid fakeouts.

tt2p.jpg

[nanningbob]

I decided to enforce the pics with posts or we are just going to get the whole conversation of the other thread over to here. This is for showing trades, asking about trades, and discussing trades with pics. I even deleted my own without pics. Sorry.

4H CSS is showing a bunching in the middle meaning everything is retrace for dips and rallies or change of direction of trend. I am going with dips and rallies. Had a wild day yesterday with a 4% increase in my account and the DD bouncing between 2-5%. CSS narrowing shown below.

[nanningbob]

CSS 4H shows how different pairs rise and fall. Interesting to see what is going on. I hate how this new Empty4 udate shifts everything and messes up the pics. OK have to use active workspace to not get the shift.

[kwanann]

Going to give this a try for today. Not sure if my understanding is complete so comments are welcome

[nanningbob]

OK as all pairs head for the center on the Daily it shows they should be ranging which is what we see in our trading the last several days. I got the Daily CSS here.

[nanningbob]

usd cad just crossed the 240 line and ready to bounce up maybe the first trade of a future USD UT. This is where they start if it develops. Go to 1H chart and play the break above the DP.

[nanningbob]

usd jpy play the cross over the daily pivot on the 1H chart back into the trend. usd/chf same thing play the break up across the DP. IN fact all the USD pairs gbp/usd, nzd/usd, aud/usd, eur/usd are set up for the DP cross, some have already done it. Looks like a good day for USD strength.

[TraderDesk]

Thanks to Bob pointing out USDCAD I like what I saw so I looked at the one hour chart and placed a few pending buy-stops on the DP and DMR1 lines. No probability analysis just like the fact it is above 240ma and USD on CSS is angle still sharply up...

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