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renofaith replied Jun 22, 2017I moved the vertical line to the right on purpose to show what would've happen if you got in a hurry and entered on the candle that is to the left of the arrow. You would have lost due to the high of the pin bar. It's best to wait for the stochastic ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017Would anyone like a couple hundred pips before lunch on Tuesday? Gotta be willing to let it sit through the weekend. Gotta have plenty of wiggle room for the Friday close and the Sunday open. Very doable. EUR/JPY has always been my favorite pair. ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017Thank you for the kind words Paul, hope this stuff helps. I totally enjoy it. Thx renofaith
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017Absolutely !! You got this !! Best of luck rookie !!
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017I forgot your exit... what you do is very similar to what I do. On the other hand, if PA gives me a winner MINUS 3 PIPS, I will go for BE, i.e. stop loss very close to the entry. Thx renofaith
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017The stochastic on a buy needs to breach AND CLOSE above the 80, preferably with plenty of daylight, on the 4H. Then go to 1H for entry. I pull triggers on crosses 1H, also if the lines are touching 1H, but a cross is best 1H. thank you for your ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017I'm not gonna lie friends, I would have probably taken both trades, but note the daylight on the stochastics readings. Hope this helps someone who maybe doesn't have much time to trade. I love staring at PA. I got stuff to do!! CAUTION... I don't ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017This is kinda how I do it. 1. Scan 15 pairs ever 4 hours looking for the SIGNAL line to close above/below the 80/20. 2. Identify the pairs (write them down). 3. Pull up the hourly charts and wait for a stochastic crossover or a change in candle ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017Maybe you all like to overthink this stuff. I know I did for a long time. This is easy peasy !!
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017USD/CAD 1H I don't mind waiting 4H for a smooth setup at 7 am before you jump in the car and head to the box. I always check the 4H first.
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017EUR/AUD STOCHASTICS WK overbought and coming down. D1 oversold and moving up 4H overbought and coming down 1H was overbought it's been coming down. interesting!! How good is this SNIPER TRADE ??
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017I risk a max of 3% daily. I use fibs depending upon what PA tells me. Pin Bars are a big help but not a must. I do NOT check FF for news announcements. I carry trades over the weekend (be wise with that close/open spread), I trade holidays and ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017Stochastics is a bit sloppy looking, but I haven't lost a dime yet. It's coming. And yes, this thread is not about divergence, but I'm gonna trade it when I see it. The chart here may be my first loser. EUR/AUD 1H
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017I check my charts every 4 hours, Once stochastics hits either overbought or oversold, go to the 1H and watch for the Stochastics to do the same thing. Here's another winner folks. A very recent winner !!
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017If you want to be greedy and squeeze every pip out that you can, head down to the 15m or the 5m charts. I don't have the stomach for that. I'll be cheering you on my friend. This is nearly perfect for me. I'm simply sharing. Greetings and best ...
One Hour Sniper (OHS)
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renofaith replied Jun 22, 2017I have a full time job, I could've taken the majority of these trades.
One Hour Sniper (OHS)
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One Hour Sniper (OHS)
Started Jun 22, 2017|Trading Systems|670 replies
We're all here to generate pips. Fresh edit 1 March 2019. This is not my creation. This will ...
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renofaith replied Nov 24, 2016Notice the trend line I decided to plot on the C.C.I. This trade was taken 2 1/2 hours prior to the news event. I make a note every Sunday of all major news events for the coming week. Don't leave this information to chance. Most of the 'major' ...
Stacker6
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renofaith replied Nov 24, 2016Happy Thanksgiving F.g. I don't know which one is more sensitive, the C.C.I. or the R.S.I. I'd be willing to bet that if you decrease your R.S.I. setting, you'd achieve your 'zero' cross. If you don't wish to adjust your setting, take a gamble on an ...
Stacker6