Cagliostro wrote: Mon Jul 29, 2024 11:40 pm Hello Wall Street.

Who is riding the beast?


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Hi, Cagliostro. love the clarity of your system but still want to verify how you determine the trend on 1hr,do you wait for the 2nd dot after the arrow on the 1 hr chart to confirm the trend before going to 5min to look for entries. Thanks.

Topguy7 wrote: Tue Jul 30, 2024 7:22 pm Hi, Cagliostro. love the clarity of your system but still want to verify how you determine the trend on 1hr,do you wait for the 2nd dot after the arrow on the 1 hr chart to confirm the trend before going to 5min to look for entries. Thanks.

Hi, 1 hour before London opens, I do some HTF analysis and get an idea of the daily bias for the instuments I trade.
I choose the ones that have a clear direction and possible had already made some movements during the Asia sessions.

London usually does a pullback and continue the Asian trend, after trying to get Asian highs or lows. If this is the case, the day is pretty easy.
In case there is no clear direction, I wait for ADR to reach 10/20% and receck both HTF and LTF trends, when they align with daily open, zigzag and adr, the entry is very likely to be there waiting.

moey_dw wrote: Tue Jul 30, 2024 7:09 pm What a set up........ love that chart that's all you need right there

Thanks mate, trying to keep it clear and simple.

What would be awesome is if there was a multi pair scanner for 5 min and 15 min for your trading system. I think that would be a game changer.

Hi Cagliostro,

Question I have is on 5Min you have a Semafor arrow down but on 15 min you have semafor arrow up as I circled. The trade I highlighted was a great trade to take. In instances where you have 5 min and 15 min semafor in opposite direction, how do you analyze whether to take the trade or not? I believe you take your trade in the same direction as the arrow based on past posts.

pentek123456 wrote: Thu Aug 01, 2024 9:44 pm What would be awesome is if there was a multi pair scanner for 5 min and 15 min for your trading system. I think that would be a game changer.

Yeah, that would help. Perhaps after the summer break will take a look into it.

Beautiful breakout of EU. Still running in trailing, bit of beach trading.

PS: I added a modded version of Keltner, will explain with the new version in the next weeks

pentek123456 wrote: Fri Aug 02, 2024 8:23 am Hi Cagliostro,

Question I have is on 5Min you have a Semafor arrow down but on 15 min you have semafor arrow up as I circled. The trade I highlighted was a great trade to take. In instances where you have 5 min and 15 min semafor in opposite direction, how do you analyze whether to take the trade or not? I believe you take your trade in the same direction as the arrow based on past posts.

That's a great question.

I use the 15M zigzag arrows for intraday bias.

• It means that when I see a good trade on the 5M that goes in the same direction of the bias I go with bigger risk, 50% will be closed at 1R and rest will trail as I expect a long run to the opposite arrow.

• When the setup is good on 5M and is against the daily bias, that will be a scalp on a pullback, risky but doable with lesser funds.

In any case, I suggest to increase the WR% by taking only trades when low and high TF are aligned, as the last EU trade I posted this morning, very safe trade as both TF were bullish.

Just follow the rules.

London Open - there were no good looking charts, apart from Oil. Dixie was reversing, all looked too good not to enter it.

Awesome ride to the reversal arrow, 150 pts.