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Author Topic: Chart Setups / Discuss trades here  (Read 19512 times)

Offline donnaforex

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Re: Chart Setups / Discuss trades here
« Reply #15 on: September 27, 2015, 02:09:44 PM »
I have re-attached the images to the posts... apologies,
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Offline michael

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Re: Chart Setups / Discuss trades here
« Reply #16 on: September 29, 2015, 05:00:15 PM »
Quote from: donnaforex date=1442754856 link=msg=346955

attached current template

I am afraid that I cannot see your current template, please.  Thanks!

Offline donnaforex

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Re: Chart Setups / Discuss trades here
« Reply #17 on: September 29, 2015, 10:44:14 PM »
oops... here it is.

Also adding my own one that i'm using right now, cool purple colour (what can i say, i'm a girl....) it does have thicker lines too for clarity.

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Offline michael

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Re: Chart Setups / Discuss trades here
« Reply #18 on: September 30, 2015, 05:58:48 PM »
Quote from: donnaforex date=1443563054 link=msg=347386

oops... here it is.

Also adding my own one that i'm using right now, cool purple colour (what can i say, i'm a girl....) it does have thicker lines too for clarity.



Hi Donna,

Thanks a lot for sharing your templates!  I have yet to receive a confirmation email for MTF-STO indi, though.

Offline Forex Philosopher

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Re: Chart Setups / Discuss trades here
« Reply #19 on: October 01, 2015, 08:38:55 AM »
Quote from: donnaforex date=1442738222 link=msg=346946

Anyone struggling with anything they want feedback on?

Here's a typical chart setup for the FX1DO system for you to look at... this is a "perfect" example (not all setups are this perfect!), it illustrates quite nicely the principle of FX1 entries (trade in the direction of the cycle but at the best possible price!).

GBPAUD M5 chart attached.

Explanation:

Price is in a DOWN CYCLE as evidenced by the red MA's
Price rising into our setup zone, whilst the m5 stochastic in the top window flashes a pink sell condition alert.
At the same time, we have confirmation from the higher timeframe via the bottom stochastic window showing that the H1 cycle is currently down also.

Entry: Anywhere in the setupzone
Profit: Banked 20 with very little drawdown. If using partial exits and leaving a portion of your trade, you could have exited at the -3ATR for around +45 to +55 pips depending on your entry point.


If anyone has any questions please ask on the topic. I'll try to post some 'less than ideal' setups shortly to illustrate a few points about not trading this system like a 'robot' and applying some logic to get a favourable outcome.



Thanks for posting the charts Donna.

I've jumped on a a few of the webinars and I'm confused. What I see is very different from what are in the two PDFs that Bill prepared explaining the system (and which is summarised in the other main thread here as well).

Even your explanation above, although clear does not seem to be the system Bill documents in the PDFs and the main thread. The PDFs are entirely talking about 1 hour time frame and and the chart images show H1. No where is there anything that shows a 5M chart in any of the initial documentation. Yet in your examples here and all the others I'm coming across plus what seems to be exclusively done on the webinar the 5M charts are used extensively.

So is there some other thread/documentation that I am missing that explains the system? What I have read does not match what goes on in the webinars. In all of the 10 Cases (examples) Bill takes you through in his documented system rules he never once shows a 5M chart - everything is off the H1 chart. Can you clarify please?



Offline trademaker

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Re: Chart Setups / Discuss trades here
« Reply #20 on: October 01, 2015, 09:56:51 PM »
Quote from: Forex Philosopher date=1443685135 link=msg=347458

Quote from: donnaforex date=1442738222 link=msg=346946

Anyone struggling with anything they want feedback on?

Here's a typical chart setup for the FX1DO system for you to look at... this is a "perfect" example (not all setups are this perfect!), it illustrates quite nicely the principle of FX1 entries (trade in the direction of the cycle but at the best possible price!).

GBPAUD M5 chart attached.

Explanation:

Price is in a DOWN CYCLE as evidenced by the red MA's
Price rising into our setup zone, whilst the m5 stochastic in the top window flashes a pink sell condition alert.
At the same time, we have confirmation from the higher timeframe via the bottom stochastic window showing that the H1 cycle is currently down also.

Entry: Anywhere in the setupzone
Profit: Banked 20 with very little drawdown. If using partial exits and leaving a portion of your trade, you could have exited at the -3ATR for around +45 to +55 pips depending on your entry point.


If anyone has any questions please ask on the topic. I'll try to post some 'less than ideal' setups shortly to illustrate a few points about not trading this system like a 'robot' and applying some logic to get a favourable outcome.



Thanks for posting the charts Donna.

I've jumped on a a few of the webinars and I'm confused. What I see is very different from what are in the two PDFs that Bill prepared explaining the system (and which is summarised in the other main thread here as well).

Even your explanation above, although clear does not seem to be the system Bill documents in the PDFs and the main thread. The PDFs are entirely talking about 1 hour time frame and and the chart images show H1. No where is there anything that shows a 5M chart in any of the initial documentation. Yet in your examples here and all the others I'm coming across plus what seems to be exclusively done on the webinar the 5M charts are used extensively.

So is there some other thread/documentation that I am missing that explains the system? What I have read does not match what goes on in the webinars. In all of the 10 Cases (examples) Bill takes you through in his documented system rules he never once shows a 5M chart - everything is off the H1 chart. Can you clarify please?






The basic, original FX1DO system is what is discussed and shown in the PDF and FX1 Video. It is the basic foundation of the overall larger system that has been developed. Over time, variations of the original FX1 system have been developed. When you join the webinars, we still use the original, basic FX1DO technique.. BUT.. we have also expanded it to use the M5, and other periods, simply because there are a great amount of opportunities on those other periods. During training sessions, we discuss and use the variations of the FX1 system. These variations are taught in LIVE, REAL TIME sessions.


AS IT IS CLEARLY WRITTEN IN POST #2 OF THE FORUM, "... Constants:  We primarily use the H1 and H4 for analysis periods and the M5 for initiating trades"; It would seem that this is reasonably clear.. However, I will attempt to make it even more so here.

The FX1 System creates condition alerts which are based upon our criteria and filters. The condition alerts occur on all time periods. We Primary are concerned with H1 and H4 periods.  

In our Live gotowebinar projections, templates, etc. and in our Live Voice Analysis Market Commentary provided by Ms. DonnaForex and Myself, we discuss and explain how we use the M5 period (which also has condition alerts) to often obtain price improvement for positions, early alerts to market cycle changes, early alerts to potential changes to take profit levels and various other market conditions.

While there may be some who are not comfortable with using the M5 period, and instead they simply utilize the higher periods of choice. Others, such as myself, prefer to use m5 to gain a more optimized entry/exit level and prefer to be alerted to changing market conditions as early as possible.. frankly before the main crowd tries to jump in.

So while the vid and pdf do not show an m5 chart, nor did I post any m5 charts in the forum presentation, it should be recognized that the H1 & H4 IS still being used,.. but that there are additional techniques and methods being taught around the original basic technique of using the DO. Additionally, once someone actually logs into the webinar projections for live training sessions, or views the many hours of live training videos, it is recognized, CLEARLY, how the m5 is utilized. Each session, I outline a market analysis for our 3 Kings and 4 Queens, beginning with (normally) the H4 period. Expert analysis is provided from both Ms. DonnaForex and MiamiBill for the London and New York session.

I hope to see you there, and that you also consider participating in our PIP charity event program.

Regards,

MiamiBill


Offline donnaforex

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Re: Chart Setups / Discuss trades here
« Reply #21 on: October 02, 2015, 08:20:30 AM »
Quote from: Forex Philosopher link=msg=347458 date=1443685135

Quote from: donnaforex date=1442738222 link=msg=346946

Anyone struggling with anything they want feedback on?

Here's a typical chart setup for the FX1DO system for you to look at... this is a "perfect" example (not all setups are this perfect!), it illustrates quite nicely the principle of FX1 entries (trade in the direction of the cycle but at the best possible price!).

GBPAUD M5 chart attached.

Explanation:

Price is in a DOWN CYCLE as evidenced by the red MA's
Price rising into our setup zone, whilst the m5 stochastic in the top window flashes a pink sell condition alert.
At the same time, we have confirmation from the higher timeframe via the bottom stochastic window showing that the H1 cycle is currently down also.

Entry: Anywhere in the setupzone
Profit: Banked 20 with very little drawdown. If using partial exits and leaving a portion of your trade, you could have exited at the -3ATR for around +45 to +55 pips depending on your entry point.


If anyone has any questions please ask on the topic. I'll try to post some 'less than ideal' setups shortly to illustrate a few points about not trading this system like a 'robot' and applying some logic to get a favourable outcome.



Thanks for posting the charts Donna.

I've jumped on a a few of the webinars and I'm confused. What I see is very different from what are in the two PDFs that Bill prepared explaining the system (and which is summarised in the other main thread here as well).

Even your explanation above, although clear does not seem to be the system Bill documents in the PDFs and the main thread. The PDFs are entirely talking about 1 hour time frame and and the chart images show H1. No where is there anything that shows a 5M chart in any of the initial documentation. Yet in your examples here and all the others I'm coming across plus what seems to be exclusively done on the webinar the 5M charts are used extensively.

So is there some other thread/documentation that I am missing that explains the system? What I have read does not match what goes on in the webinars. In all of the 10 Cases (examples) Bill takes you through in his documented system rules he never once shows a 5M chart - everything is off the H1 chart. Can you clarify please?





Forex Philosopher... I see Bill has responded to you.

Ignoring the fact the timeframes are different on the examples i have posted, do you see any other glaring inconsistencies with the basic core strategy? If so you may be misunderstanding some elements of it. Let me know if there's something specific you are stuck with and i can help clarify.

Regarding timeframes, you can trade it on any timeframe you like :). We do use M5 a lot in the traderoom as Bill said. The downside to the M5 charts is that trading is quite intense, you can't really walk away from your screen. I know a few people trading only on the H4 or Daily charts as this fits in better with the time they have available.

One other difference from the core you may see, is the use of a secondary stochastic on a higher timeframe to confirm the trade. The core remains the same still within this.





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Offline Forex Philosopher

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Re: Chart Setups / Discuss trades here
« Reply #22 on: October 02, 2015, 08:49:09 AM »
Thanks Donna,

No, at the moment there is nothing specific I need clarification on.

My main reason for the question is that it seemed very likely in my eyes that I was missing some key documentation when there was a glaring mismatch between the provided PFDs, the thread chart examples and the webinars themselves. And that was even further confirmed and compounded when I jumped on the webinar and there was a lot of talk of "Kings" and "Queens"!! (again no mention of these anywhere in the provided documentation)

Hmmmm, I thought I've definitely not picked up something and overlooked downloading something somewhere I  thought which is a natural reaction I think. I later jumped on another webinar where you explained the "Kings" and "Queens" concept but you you did say, "wow, I've explained this for the 5th time today or words to that effect". That may be so, but people can't necessarily be on the webinar from start to end as they fit it around their jobs no doubt. So if it is not documented anywhere you are bound to get the same questions repeated to those new for the first time. 

Sorry Bill seem inconvenienced by my question, but no question is a ridiculous question particularly when money is involved  :D And what may appear obvious to Bill with is intuitive knowledge of the system from years of using, is not intuitive to first time readers particularly when it is not even in the system description in the first place!!

I'm happy now that I have everything that is available and will continue with the webinars to get greater understanding and put some personal study time in. I think you do a great job Donna of explaining things on the London sessions and thank you very much for the efforts you put in. Much appreciated.

Offline wukexue

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Re: Chart Setups / Discuss trades here
« Reply #23 on: October 05, 2015, 02:50:08 AM »
Thank you a lot, donna, it's real helpful of these examples in details.

I do find trading on 5M period only mechanically is not good, additional analyzation and filter is a must.

I'll be keeping learning and studying.

Offline bruce_knee

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Re: Chart Setups / Discuss trades here
« Reply #24 on: October 06, 2015, 11:44:48 AM »
Hi, all. Can I ask what do you think about EUR/USD triangle on the daily chart, do you think it's reliable one?
I hope that's the right place to ask the question I am new to this forum

Thanks  :)

Offline pakeha

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Re: Chart Setups / Discuss trades here
« Reply #25 on: October 09, 2015, 10:17:07 AM »
Hi

Like many of you I have been trying translate Bill's knowledge and experience into an approach that works for me.  A recent ah-ha for me has been trading off the 5 min 0 ATR (thanks Donna), but with the TL providing context (some of the more volatile pairs will reverse on the TL rather than the 0 ATR).  This precision with the trade entry really helps reach the 20 pip target.  

To better describe how I break down the trading day into cycles I have attached the EURUSD chart for Oct 8 (yesterday).  While it has quite a bit of information on it, there are 6 trades made - five 0 ATR reversals and a daily open reversal - for 115 pips.  I find this to be a low risk approach to implementing Bill's system.  

Comments welcome

Trevor H


Offline gatch

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Re: Chart Setups / Discuss trades here
« Reply #26 on: October 09, 2015, 02:23:18 PM »

Hi

I have took this EA FX1 setup this morning but I have problem.

I have short but EA go to other direction  :'(

I have set my TP to 80 pips because I haveno idea where it's more correct to put it.

Difficult trade emotionnal for me.
I have 2 red circle on my screen because I think it's good to put SL to last swing.

Someone can help me for this setup ?

Regards


http://www.screencast.com/t/XqAq40eLbt7

Offline SuperM

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Re: Chart Setups / Discuss trades here
« Reply #27 on: October 09, 2015, 02:28:17 PM »
Quote from: pakeha link=msg=347850 date=1444382227

Hi

Like many of you I have been trying translate Bill's knowledge and experience into an approach that works for me.  A recent ah-ha for me has been trading off the 5 min 0 ATR (thanks Donna), but with the TL providing context (some of the more volatile pairs will reverse on the TL rather than the 0 ATR).  This precision with the trade entry really helps reach the 20 pip target. 

To better describe how I break down the trading day into cycles I have attached the EURUSD chart for Oct 8 (yesterday).  While it has quite a bit of information on it, there are 6 trades made - five 0 ATR reversals and a daily open reversal - for 115 pips.  I find this to be a low risk approach to implementing Bill's system. 

Comments welcome

Trevor H

Trevor, thanks for sharing your chart. Hope to see more like this in the future so we can learn more. Thanks!
« Last Edit: October 09, 2015, 03:08:01 PM by SuperM »

Offline Pent56

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Re: Chart Setups / Discuss trades here
« Reply #28 on: October 09, 2015, 05:35:44 PM »
Quote from: pakeha link=msg=347850 date=1444382227

Hi

Like many of you I have been trying translate Bill's knowledge and experience into an approach that works for me......



Great chart Trevor. Thanks for sharing. Will start to add some charts of my own soon.

Steve

Offline donnaforex

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Re: Chart Setups / Discuss trades here
« Reply #29 on: October 09, 2015, 08:23:12 PM »

Gatch,

Your charts show classic and very profitable setups! You need to re-evaluate where you are putting your stoploss if these trades stopped you out in the red circles. First off, in the room we don't generally put a stop into the market but trade using a (well-defined) mental stoploss. Having a stop at or near the tradeline drawn in your picture is 99% of the time going to result in a bad experience - price reacts from these tradelines so it makes sense that we don't want to be putting our stop there. Please come along to one of the live webinar sessions as i think you'd pick up a lot of helpful info (and they are free) that will take you beyond the basics and into profitability.

Let me know if i can do anything further to help.
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