Just one example of many set ups today.
Wednesday, April 12, 2017
DAX Apr 17
I was late this morning and didn't get this but another example on DAX. Between its open and London open (green line) there are buy and sell 3 bar reversal signals. The 1 min moving averages would keep me out of any sells. The 1 min chart highlights the 1 min higher low 10.13 chart time. Good angle and separation on the moving averages.
Just one example of many set ups today.
Just one example of many set ups today.
GBPJPY EURJPY 14 Apr 17 which one to trade
Which pair to trade. All 4 pairs GU/GJ, EU/EJ had 3 bar sell signals on the close of either the 12.05 or 12.10 candles. All the set ups were valid, double tops or lower highs, pairs agreeing. So which to trade?
The red lines on the 1 min charts for GJ and EJ show the close of the 5 min candle that had the 3 bar reversal signal and the next 1 min lower high at 12.30 chart time. GJ's moving averages are a mess, EJ has the nice angle and separation that I am looking for.
The red lines on the 1 min charts for GJ and EJ show the close of the 5 min candle that had the 3 bar reversal signal and the next 1 min lower high at 12.30 chart time. GJ's moving averages are a mess, EJ has the nice angle and separation that I am looking for.
Wednesday, April 5, 2017
DAX30 GBPJPY GBPUSD 5 April 2017
Having a good success rate with filtering trades with the Awesome Oscillator in conjunction with the normal higher low/lower high with the 3 bar reversal signal buying above/selling below the moving averages.
DAX30 just after London open. The red line on 5 min shows where requirements are met (AO, 3 bar reversal sell, lower high. The red line on 1 minute shows where the 5 minute set up candle closes, the very next 1 min negative close confirms the lower high for entry just below 12275. Decent angle and separation on the moving averages.
There are two signals highlighted on GBPJPY 5 minute, 9.10 and 9.45 chart time. GBPUSD was agreeing.
The 1 minute red line at 9.14 shows the close of the 5 min candle, the lower high follows 6 minutes later, Entry just below 137.65, again note the angle and separation on the moving averages.
The next set up is from 9.49 on the 1 minute which I did not consider. There was no 3 bar reversal signal (that happens sometimes as the 5 min stochastic was below the 50 level) and the 1 minute moving averages did not have the angle and separation I look for.
DAX30 just after London open. The red line on 5 min shows where requirements are met (AO, 3 bar reversal sell, lower high. The red line on 1 minute shows where the 5 minute set up candle closes, the very next 1 min negative close confirms the lower high for entry just below 12275. Decent angle and separation on the moving averages.
There are two signals highlighted on GBPJPY 5 minute, 9.10 and 9.45 chart time. GBPUSD was agreeing.
The 1 minute red line at 9.14 shows the close of the 5 min candle, the lower high follows 6 minutes later, Entry just below 137.65, again note the angle and separation on the moving averages.
The next set up is from 9.49 on the 1 minute which I did not consider. There was no 3 bar reversal signal (that happens sometimes as the 5 min stochastic was below the 50 level) and the 1 minute moving averages did not have the angle and separation I look for.
Friday, March 17, 2017
GU GJ 17 Mar '17
It doesn't really get much better than this in terms of signals.
Both GU and GJ have lower highs just after the green line, 3 bar reversal sell signals.
Then around 11 and 11.20 chart time the 3 bar reversal signals buys at the 20lwma cross.
GU/GJ agreeing lower highs first then the higher lows, little/no wicks in the direction of the trades and the 3 bar reversal alerts getting both moves.
Both GU and GJ have lower highs just after the green line, 3 bar reversal sell signals.
Then around 11 and 11.20 chart time the 3 bar reversal signals buys at the 20lwma cross.
GU/GJ agreeing lower highs first then the higher lows, little/no wicks in the direction of the trades and the 3 bar reversal alerts getting both moves.
Tuesday, March 14, 2017
AO research continues
Is the 5 min setting up the move or can you trade 1 min as standalone?
As can be seen from the 5 min AO is already gold before the green line, price moves above the 20lwma, last 3 bar reversal signal a buy, 1 min ma's cross and the first higher low after the cross has the tick mark. Note the angle and separation on the ma's.
Similar story with Dax. 5 min AO solid blue, price below the ma and 3 bar reversal sell signal. 1 min cross and the lower high with the tick mark shows where the 5 min closed with the 3 bar reversal. Again note the angle and separation on the ma's.
Here GJ's 5 min AO has turned blue again but the 1 min ma angle and separation has no comparison to the above trades, see the x.
As can be seen from the 5 min AO is already gold before the green line, price moves above the 20lwma, last 3 bar reversal signal a buy, 1 min ma's cross and the first higher low after the cross has the tick mark. Note the angle and separation on the ma's.
Similar story with Dax. 5 min AO solid blue, price below the ma and 3 bar reversal sell signal. 1 min cross and the lower high with the tick mark shows where the 5 min closed with the 3 bar reversal. Again note the angle and separation on the ma's.
Here GJ's 5 min AO has turned blue again but the 1 min ma angle and separation has no comparison to the above trades, see the x.
Monday, March 13, 2017
EUR pairs 13 Mar '17
This is a small variation on the 5 min 3 bar reversal signal next 1 min entry. This is the higher low/lower high following the moving average cross (10 and 100 lwma on 1 min).
Thursday, March 9, 2017
DAX 8 Mar 17
Not every day is as good as this but the 3 bar reversal did an excellent job of catching the double tops/bottoms/higher lows lower highs around the turns/cross of the 15LWMA. See the London open green line and the red lines 12.40, 14.35 and 16.50. Again the white arrows refer to the close of the previous candle.\
After getting a signal the bias is to trade in that direction.
The unmarked red line is the US open.
After getting a signal the bias is to trade in that direction.
The unmarked red line is the US open.
Thursday, February 23, 2017
AO filter examples
I don't trade the Asian session but applying system with AO filter. X = no trades tick = valid set ups.
Reading between the lines with either cross or ticks. From left to right would be:
- cross far left, higher low, 3 bar buy signal, above ma but AO blue so no buy. There was 1 gold candle and AO bar but no valid entry and then AO went blue again.
- tick far left, lower high, 3 bar sell signal, below ma, AO blue price trades below the set up candles (which have little/no lower wicks)
- tick middle, higher lows, 3 bar buy signal, above ma, AO gold price trades above set up candle (little upper wick)
- cross right, blue AO so no buys, price above ma so no sells with blue AO
- tick right, lower high, 3 bar sell signal, below ma, AO blue price trades below set up candle (little/no lower wick)
Hopefully this gives clear picture.
Reading between the lines with either cross or ticks. From left to right would be:
- cross far left, higher low, 3 bar buy signal, above ma but AO blue so no buy. There was 1 gold candle and AO bar but no valid entry and then AO went blue again.
- tick far left, lower high, 3 bar sell signal, below ma, AO blue price trades below the set up candles (which have little/no lower wicks)
- tick middle, higher lows, 3 bar buy signal, above ma, AO gold price trades above set up candle (little upper wick)
- cross right, blue AO so no buys, price above ma so no sells with blue AO
- tick right, lower high, 3 bar sell signal, below ma, AO blue price trades below set up candle (little/no lower wick)
Hopefully this gives clear picture.
GBPUSD GBPJPY 23 Feb '17
I have shrunk the charts this morning just to give a clearer picture of support. I have also added the awesome oscillator and shown for first time (been researching a little while) more on that later.
GU this morning had some support in the Asian session at M2 1.2430 area and GJ also at M2. Clearly seen from the charts. GU has a 3 bar reversal buy at the Frankie half hour reversal time, with a 5 min higher low off the M2 Asian lows. Just after that GJ rejects its M2 but no 3 bar reversal candle (wasn't above Stoch 9 9 1 50 level).
I have been looking at AO as a filter and not buying when AO blue and not selling when AO gold. Does this cause some trades to be missed - yes of course. Does it avoid some losing trades - yes of course. This morning the GU higher low around 1.2472 and GJ around 141.18, AO turned blue for both so no continuation trades were considered.
The red line on GJ 1 min shows the first higher low entry after GU 5 min set up (higher low, 3 bar reversal buy signal), GJ agreeing with move up on 5 min, AO both gold.
GU this morning had some support in the Asian session at M2 1.2430 area and GJ also at M2. Clearly seen from the charts. GU has a 3 bar reversal buy at the Frankie half hour reversal time, with a 5 min higher low off the M2 Asian lows. Just after that GJ rejects its M2 but no 3 bar reversal candle (wasn't above Stoch 9 9 1 50 level).
I have been looking at AO as a filter and not buying when AO blue and not selling when AO gold. Does this cause some trades to be missed - yes of course. Does it avoid some losing trades - yes of course. This morning the GU higher low around 1.2472 and GJ around 141.18, AO turned blue for both so no continuation trades were considered.
The red line on GJ 1 min shows the first higher low entry after GU 5 min set up (higher low, 3 bar reversal buy signal), GJ agreeing with move up on 5 min, AO both gold.
Wednesday, February 22, 2017
GBPJPY 22 Feb '17
Just after London open (green line) GJ 5 min 3 bar reversal signaled buy (GU agreed chart not shown). So on the 5 min charts there was a valid buy set up.
I have often talked about moving average angle and separation. Here the 1 min chart red arrow up shows the next higher low/double bottom after the 5 min signal. The moving averages are not stacked correctly for a buy (10 below 100) and the 100 is still angled down.
When the 5 min 3 bar reversal signals sell (again 5 min GU agreed) the 1 min chart has a more typical look to it, see the red arrows down. Moving averages stacked correctly and nice angle/separation.
I have often talked about moving average angle and separation. Here the 1 min chart red arrow up shows the next higher low/double bottom after the 5 min signal. The moving averages are not stacked correctly for a buy (10 below 100) and the 100 is still angled down.
When the 5 min 3 bar reversal signals sell (again 5 min GU agreed) the 1 min chart has a more typical look to it, see the red arrows down. Moving averages stacked correctly and nice angle/separation.
Friday, February 10, 2017
GBPUSD GBPJPY 10 Feb '17
I was not in front of the computer this morning.
GBPJPY late Asian session lows around 142.10 were tested just before London open and the 5 min chart has several hammers, then showing the break of this range down to 142.00 was rejected. London open (green line) gave a 5 min close on 142.00. This is reflected on the 1 min with a lower high swing with a top around 142.10. The break below 142.00 gave a small retrace higher and another lower high. See the 1 min chart 2 red arrows down after London open.
GU, GJ 5 min agreeing, lower highs, price below moving averages and last 3 bar reversal signals were down. 1 min lower highs, small retraces, entry candles are the negative closes with little/no lower wicks and price going 1 pip lower on next open candle. See 1 min red arrows down.
GBPJPY late Asian session lows around 142.10 were tested just before London open and the 5 min chart has several hammers, then showing the break of this range down to 142.00 was rejected. London open (green line) gave a 5 min close on 142.00. This is reflected on the 1 min with a lower high swing with a top around 142.10. The break below 142.00 gave a small retrace higher and another lower high. See the 1 min chart 2 red arrows down after London open.
GU, GJ 5 min agreeing, lower highs, price below moving averages and last 3 bar reversal signals were down. 1 min lower highs, small retraces, entry candles are the negative closes with little/no lower wicks and price going 1 pip lower on next open candle. See 1 min red arrows down.
Monday, February 6, 2017
GBPUSD GBPJPY 6 Feb '17
I have a friend sitting with me most mornings and I am trying to get him to trust the higher low/lower highs after the London open green line. Most are signaled by the white arrow 3 bar reversal indicator.
This morning both GU and GJ signaled down just after LO and then 11.15 chart time signaled up.
This morning both GU and GJ signaled down just after LO and then 11.15 chart time signaled up.
Friday, February 3, 2017
GBPUSD GBPJPY 03 Feb '17
GBPUSD and GBPJPY both signaled buys (white arrows = 3 bar reversals) just after London open (green line). GBPUSD signaled a buy again at 11.05 chart time but GJ did not confirm so no trade.
GU and GJ then signaled 11.10 and 11.15 chart time before moving lower.
As usual I am looking to trade in direction of the 5 min 3 bar reversal buy above/sell below moving averages, timing entry from 1 min.
GU and GJ then signaled 11.10 and 11.15 chart time before moving lower.
As usual I am looking to trade in direction of the 5 min 3 bar reversal buy above/sell below moving averages, timing entry from 1 min.
Monday, January 30, 2017
GBPUSD GBPJPY 30 Jan 2017
GBPJPY moving up was not agreeing with GBPUSD at London open (green line). GBPJPY flipped over and gave a lower high on the 5 min chart 10.35 candle close, 3 bar reversal alerted. The 1 min GBPJPY shows where the 5 min chart closed with the 10.39 candle highlighted.
Everything we look for in a trade. GJ and GU agreeing on 5 min with several GU lower highs signalling. GJ 1 min shows the test of 144.05 area and the small retrace up and lower high signals at 10.39 candle close. Entry candle has little/no lower wick.
Everything we look for in a trade. GJ and GU agreeing on 5 min with several GU lower highs signalling. GJ 1 min shows the test of 144.05 area and the small retrace up and lower high signals at 10.39 candle close. Entry candle has little/no lower wick.
Wednesday, January 25, 2017
DAX 25 Jan 2017
One of those instances where the 5 min 3 bar reversal did not alert and I wasn't watching and missed this move after London open.
GBPUSD GBPJPY 25 Jan 2017
GBPJPY gets a 3 bar reversal higher low buy signal at the close of the 10.25 candle. GBPUSD agreeing with move up after the double bottom at the London open.
The GBPJPY 1 minute chart highlights the close of the 5 min charts 10.25 candle at 10.29. Picture perfect entry. Clean initial A-B move up small retrace lower with a clean higher low, little/no upper wick candle.
The GBPJPY 1 minute chart highlights the close of the 5 min charts 10.25 candle at 10.29. Picture perfect entry. Clean initial A-B move up small retrace lower with a clean higher low, little/no upper wick candle.
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