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Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:02am On Oct 12, 2017

[quote author=redsox11 post=61321993]E/A, intra-scalp.
E/A update... Took some off and set to breakeven.

Business › Re: Learn Forex Trading (absolutely Free) by redsox11(op): 10:21pm On Oct 11, 2017*

I'll continue another day. Questions and contributions are welcome.

6 Likes 3 Shares

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:18pm On Oct 11, 2017

nennin:
thank you @redsox11 for this wonderful and easy trading system. i really appreciate, i have now understand those previous teaching. thanks once again.

Good one man, keep it up.

bigbasho:
@Redsox. your system confirmed this drop on ucad. confluence of signal with that TL. if it retraces to my pending order i will join. I have learnt something from you. Thanks bro

Wonderful I see you snipping all those pips, nice one. Exactly, the method confirmed it and in already. Good you enter on retrace so you don't have to be in drawdown. Kudos Bro.

donblanco:
Thanks for your explanation so far its bn really helpful,pls can you clarify more about the (pre and last bars failing to close above the prior high of bar) on the higher timeframe( bigger picture) if charts illustration can be shown.Thanks

E.g After 3 bull ("bull = buy candle", sometimes I explain more. I'm not saying you don't already know but to make it clearer for those who don't know) candles on bigger picture, you can wait for the 4th candle to close bearish, then zoom in. If you like don't wait, you can zoom in after 3 bull candles but most time market structure will keep you out from entering bad trades anyway (The higher Low would not be broken that way no sell signal generated yet)

Ps: Sorry I'll post chart later.

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Business › Re: Learn Forex Trading (absolutely Free) by redsox11(op): 10:02pm On Oct 11, 2017

The template to use and how to load template. So your chart can look like mine.
Download the template below, save it to your desktop.

You will need MT4 platform, a software of sort for trading. Go to any forex company and download one.

To load your template. Click CHART --> TEMPLATE --> LOAD TEMPLATE --> Go to your desktop on double click the template you save on your desktop earlier.

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Business › Re: Learn Forex Trading (absolutely Free) by redsox11(op): 9:57pm On Oct 11, 2017

HH - Higher High
HL - Higher Low

FOR... Up-trend (when the market/price is going UP )

====================

LH - Lower High
LL - Lower Low

For... Down-Trend (when the market/price is going DOWN )

===================

For CHANGE OF TREND... From UpTrend to DownTrend

HL- Higher Low must be broken.

For CHANGE OF TREND... From DownTrend to UpTrend

LH- Lower High must be broken.

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Business › Re: Learn Forex Trading (absolutely Free) by redsox11(op): 9:48pm On Oct 11, 2017

More on market structure...

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Business › Re: Learn Forex Trading (absolutely Free) by redsox11(op): 9:42pm On Oct 11, 2017*

Some more info on Market structure ( HL, HH , LH and LL ). With some pictures to help with the explanation.

Note:
Page 1-2 : For newbies / new traders / fresher to learn about forex, market structure.
Page 2: Inside Bar pattern, Momentum breakout entry pattern.

Page 2: Exercise/ Self learning / Daily achievement of x3 20 pip take profit with no regards to any losses

Page 3: No more training, thread is now used as a journal where I post my rants and what not.

2 Likes 1 Share

Business › Learn Forex Trading (absolutely Free) by redsox11(op): 7:48pm On Oct 11, 2017*

Disclaimer; This is not new idea and I didn't create anything here. I'm doing this to help others, I'm not looking for anything in return.

It's simple enough to understand, and can give anyone a strong forex background to build on. This will take you from a trader with no clue at all, to a trader with some clue.

Is this the Holy Grail ? If you are searching for Holy Grail on public trading forum or even anywhere, then I wish you sweet dreams

There is no need to use more that 1 moving average, so we are going to have only one.

It doesn't mean to buy/sell blindly. It mean it aid you to make an idea of what could happen and where you are in market CIRCLE "there's different terminology, circle and all... it's not important, it's the idea behind it that is important".

So basically we'll use the HH, LH, LL, LH info we learnt earlier with just 1 MA line (If you don't understand HH, LH, LL, LH... Read up on it, it's not difficult idea to grasp at all).

Some extra info; we are not looking to trade MA lines, or MA cross, it's little bit more comprehensive.

HH - Higher High,
LH - Lower High,
LL - Lower Low,
LH - Lower high.

Ps: If you've got no idea what forex is and it's your first time. Start from here to learn the very basic; https://www.babypips.com/learn/forex

More Later....

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Business › Re: Forex Trade Alerts Season 17 by redsox11: 7:38pm On Oct 11, 2017

For example you have 3-5 green bars each closing one over prior. The moment the pre and last bars fail to close above prior high of bar, then the momentum is weakened, it's logical. This is the moment to investigate in lower timeframes if there is sellers activity (exploit the bulls fear).

E.g So because you are looking at the timeframe Daily, and you have 5 days (minimum of 3 bars) in the formation described early, you want too look at this pattern. So you start to "zoom in" on 1hr/4hrs to see the reaction to the MA LINE with market structure (HH,HL,LL,LH and HL ) to determine if the sellers have taking over.

SO THAT'S ALL. You should give it a shot. Ask if something is not clear, I'm sure others here will help out.

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Business › Re: Forex Trade Alerts Season 17 by redsox11: 7:26pm On Oct 11, 2017*

This is very important, the most important to help increase your success. You need to look for minimum of 3 consecutive bars on the same direction with continuous trend on the bigger picture (DAILY or WEEKLY as bigger picture. That's where you're looking at for the overall direction of the market).

When you get very good at it, you can go as low as 4hours(for bigger picture) but now stick to daily or weekly candle, 3 bars minimum.

Don’t forget this is to teach especially new people. Stable and reliable way to look and enter the market, it’s not some 15mins system for get rich quick.

You should look to trade this on 4hours, minimum 1hr. I’ll suggest 4hours, this way you could trade and still have a life outside of trading and not stuck on your Laptop / PC all the time.

PS: Everything I put here is only half of the equation, you still have to learn money management. So you don’t put all your risk only in one trade.

Ps: If you're using weekly as your big picture, then you zoom in to 4hours to pull the trigger.
If you're using daily as your big picture, then you zoom in to 1hour to pull the trigger.

Pps: Ask questions, post chart, try it out on demo. You don't get good at it by just reading on forum.

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Business › Re: Forex Trade Alerts Season 17 by redsox11: 5:19pm On Oct 11, 2017

I'll post the conclusion now. It's nothing out of the ordinary. Almost same info as everything I have posted earlier.
Take it and run it on demo, take your time. It will get easier.

I won't mention advance things you could also do with it. First thing first.

When people think forex, in their head, they usually look for something complex, some shinning tools to use for trading. It doesn't have to be so.

Forex could be simple or complicated depending on the way you play it. When I say simple, it doesn't mean you won't put in some good effort.

Ps: I'll open new thread later and put everything about this method in it. Everything absolutely free. I don't answer emails, so as not to give wrong impression. You can ask anything on here, no hidden agenda, so everything is open for everybody to see.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 4:13pm On Oct 11, 2017*

E/A, intra-scalp.

nennin:
how many pips difference from 148.050 to 148.450?, i will like to know how to calculate pips by myself.

Answer is 40. ( 148.050 to 148.450 )... Subtract/Minus grin

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 3:06pm On Oct 11, 2017

bigbasho:
I dey believe you my oga. NB: once price breaks the previous High or Low, it often retraces back to the previous broken level which can be a good entry point before it continues in the anticipated direction. can you point that out sir?

So true. That way you have less SL.

Ps: Let me give you one advantage of this method. Say you enter a trade 50 SL and 100 TP. Your SL is not static stop loss, what I mean is that, when the market moves in your favour, you move and reduce your SL along.

So that way if the trade goes against you, you might lose say 30 pips instead of the full 50 pips. Those few pips count in long run.

nennin:
how many pips difference from 148.050 to 148.450?, i will like to know how to calculate pips by myself.

40... Subtraction

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:33am On Oct 11, 2017

kunletoks:
How do you determine if a pair is overbought or oversold?

Intuition and experience mostly, wait for some good retrace before buying again.
Nobody can really tell 100%, you might think it’s overbought and market will continue shooting up.

Another way you could play it is;

Enter mostly on fresh signals to be safe

You can enter with half your regular lot size , so you’ve 2 entries, cut one with good profit, set the other to break even and let the profit run.

Ps: Will post the conclusion soon. To wrap the lessons up.

4 Likes

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:45am On Oct 11, 2017

amolak:
Euraud is also good for buy at current price

With Experience you can buy but it's dangerous.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:26am On Oct 11, 2017*

amolak:
Base on @Redox11's strategy EurNzd is good for Buy at current price

You don't buy when it's over-bought, you can enter and it will turn against you. You have to plan to enter buy when it's fresh entry. Also Sell when it's fresh entrance. No be after the market do go well well already. Coz then it's too late and the probability is stack against you

HH - Higher High
HL - Higher Low

FOR... Up-trend

====================

LH - Lower High
LL - Lower Low

For... Down-Trend

==============

For CHANGE OF TREND... From UpTrend to DownTrend

HL- Higher Low must be broken.

For CHANGE OF TREND... From DownTrend to UpTrend

LH- Lower High must be broken.

2 Likes

Business › Re: Forex Trade Alerts Season 17 by redsox11: 6:11pm On Oct 10, 2017

Remember??

Edit- About filter, You need to see a strong move, that obeys the MA line without going up and down around the MA line.. You need to see the strong move before thinking about entering trades.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 5:48pm On Oct 10, 2017

U/J

Ps: Basic and good info to get anybody started on FX, the more experience have different method to enter market usually.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:13pm On Oct 10, 2017

Another variation how to play it. Check chart below.

Ps: Later today, I'll post the remaining info. That way you can put all together. You won't sit around looking to enter on all charts. You'll have specific thing you're looking for, then afterwards you zoom in into 4hours for your entry.

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Business › Re: Forex Trade Alerts Season 17 by redsox11: 12:06pm On Oct 10, 2017

@Bigbasho All you need is time to comprehend otherwise its the more you look, the less you see . I still recommend you start with babypips.

You're right. It would help and make things more clear for you.

@kunletoks

Yes set to CLOSE.

Ps: Watchlist below. You should play it on demo as you are still getting a hang of it.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:21am On Oct 10, 2017

sojmann:
Nice one!...............something similar..........
I like multiple MAs,shows the waves clearly

Good one. It has broken the high, it's possible to come down to form HL, Higher Low.
** I meant to put Higher Low on the chart.

nennin:
okay, let's go there. i will be using the candlesticks as example because of how easy they are, doji,hammer head, engulfing etc. all this candlesticks have one or two pattern in which you will identify them with ease. but in this case of HH,HL,LL,LH. they are given me tough time to understand it, just like supply and demand i have try to look if i can identify those areas but can't. but in the case of support and resistance i can identify S and R with ease.

Those are not bad too, it's tad difficult to use though, as they are subjective and not usually stand alone reason to enter market with. As you have to take into account where those candle stick pattern appears to be valid.

Put an Indicator called Zig-Zag on your chart, it will help you with the HH, LH, LL, HL.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 5:13am On Oct 10, 2017

E/G can't create new Higher highs HH and Lower High LH (which is usually UP trend move)

But now it's creating, Lower lows LL, with Lower high LH (Which is usually indicative of down trend)

2 Likes

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:51pm On Oct 09, 2017

nennin:
God knows i don't really get this at all. i just view gbpjpy i saw almost all the timeframe selling according to candestick.

That's okay Nennin, we have all been there and it's totally okay. First let start with what is it your don't understand?? I mean first thing.

Do you have skype / Viber video call ?? We could arrange for that sometimes. You'll need access to a computer and MT4/5 .

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:45pm On Oct 09, 2017

FILTER FILTER FILTER.

This will help you to avoid bad trades. Before you enter at all, look at this and use it to guide yourself.

When you trade, try to bag a lot of pips instead of going for small pips target, you can enter and set trade to breakeven after first retracement.

Few more charts and that's all. Ask questions if something is not clear.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 10:06pm On Oct 09, 2017

jammer777:
Whats the value of thr MA line pls?

I thought nobody would ask

You'll have have different Simple Moving average on different timeframe.

On 4 hours, it's 30 SMA.... It's to only appear on 4hrs
On 1 hour 24 SMA... It's to only appear on 1hr
On 30mins 50 SMA... It's to only appear on 30mins
Daily 55 SMA... It's to only appear on daily

amolak:
How do you calculate your taking profit?

Minimum 1:1 but you should let the profit run and cut your losses short.

4 Likes 1 Share

Business › Re: Forex Trade Alerts Season 17 by redsox11: 8:09pm On Oct 09, 2017

Bellonaire:
This is really interesting, Thank you for sharing this. I love the simplicity and application of market structure. God bless you for sharing once again.

You're welcome Man, we should be there for each other when we can.

Ps: I still have few things to post to bring it all together but that for later. We should work on this first.

Pps: Nennin hope you're following too? I can answer any question? other people here can also chip in.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 7:49pm On Oct 09, 2017

More... I'll leave it here for now, for others to comment, contribute , share something and discuss.

Ps: Another thing, avoid extended and more risky move. Personally I will avoid that, I prefer the first and fresh entries.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 7:45pm On Oct 09, 2017

Mini Recap;

1, We worked on market structure ( Higher Low HL, , High high HH, Lower High LH, Lower Low LL ) , To determine Up Trend or Down Trend

2, I showed you when to enter and type of market to stay away from

3, Combining market structure with the MA Line

Ps: With market structure, you should have a clue where the market is going. Check daily, move down to 4hours, move to 1hour, you should be able to see structure to determine/anticipate where the market is heading. If not, check another pair/currency.

Pps : Chart below to show entry and where to put stop loss, SL.

1 Like

Business › Re: Forex Trade Alerts Season 17 by redsox11: 6:51pm On Oct 09, 2017

What we are looking for is price to pierce deep through the MA line to form High/Low and and come back to find support at the MA before bouncing back up. See chart below.

This way you are combining the HH, LH, LL, HL (market structure) knowledge with MA line.

Ps: Avoid trades where price is moving up and down around MA Line ( that’s weak momentum )

Any question so far?? Guys should let me know if I'm not making sense.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 6:21pm On Oct 09, 2017

Bellonaire:
I will buy after the double bottom and break above the resistance line cos that confirms the down trend is over.

Nice answer man... Anyone else huh

I'll post more info soon.

Business › Re: Forex Trade Alerts Season 17 by redsox11: 5:43pm On Oct 09, 2017*

nennin:
the question is on the second higher low i notice that there is wick of sell candle lower than ur marked area?

Sorry which chart are you referring to?? Even if Low or High is created, you have to wait for it to be broken before entering or thinking about entering.

redsox11:
From the chart picture below. From all you've learnt so far.

-- The Higher high, HH, LL... stuff + the 1 MA line we are using;

Questions;
1) Where is your buy entry??
2) and why do you enter buy there?

No answer is stupid or bad. This questions is especially for new people. Maybe after pro can help out with the answers too.
Thanks.

Anybody else want to help us with the answer??

Business › Re: Forex Trade Alerts Season 17 by redsox11: 4:19pm On Oct 09, 2017

From the chart picture below. From all you've learnt so far.

-- The Higher high, HH, LL... stuff + the 1 MA line we are using;

Questions;
1) Where is your buy entry??
2) and why do you enter buy there?

No answer is stupid or bad. This questions is especially for new people. Maybe after pro can help out with the answers too.
Thanks.

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