Today 1 trade on ChfJpy. This is a trade with low probability signal
I hesitate to post the trade ChfJpy in the thread because I took a low probability signal. This strategy I have used since 2008 with a small modification from the last March 2015. It is a trend following.
I always look my daily trend on H4 because most of Hedges Funds enter theirs positions on H4.
Short ChfJpy @ 128.327, mental SL @ 150.00, TP @ 128.00 --- The trade closed manually +16 pips. Because it was very late to go to bed. I went to bed at 7:23 am ET.
H4:
The down trend was confirmed on 24 July 2015 after the candle closed.
Down trend : 5/10 EMA cross down confirmed by the stoch cross down + RSI is below the 50 level
M15:
TH4 is down
Price closes above the RIPT + Stoch(10,3,3) is OB + MBFX Timing(9) is at the OB area (I would like to see MBFX Timing is above the 70 level)
Go to M5
M5:
Sell = Signal = TH4 is red + price is above the RIPT ( If price closes in the TMA --- it would be excellent signal) + big red dot circle appears + MTF_Stoch(M15) is red + MBFX Timing went above the 70 level and turns red and cross down 70 level
Sai Ram
I hesitate to post the trade ChfJpy in the thread because I took a low probability signal. This strategy I have used since 2008 with a small modification from the last March 2015. It is a trend following.
I always look my daily trend on H4 because most of Hedges Funds enter theirs positions on H4.
Short ChfJpy @ 128.327, mental SL @ 150.00, TP @ 128.00 --- The trade closed manually +16 pips. Because it was very late to go to bed. I went to bed at 7:23 am ET.
H4:
The down trend was confirmed on 24 July 2015 after the candle closed.
Down trend : 5/10 EMA cross down confirmed by the stoch cross down + RSI is below the 50 level
M15:
TH4 is down
Price closes above the RIPT + Stoch(10,3,3) is OB + MBFX Timing(9) is at the OB area (I would like to see MBFX Timing is above the 70 level)
Go to M5
M5:
Sell = Signal = TH4 is red + price is above the RIPT ( If price closes in the TMA --- it would be excellent signal) + big red dot circle appears + MTF_Stoch(M15) is red + MBFX Timing went above the 70 level and turns red and cross down 70 level
Sai Ram
Being a fxtrader is not easy. Ones must working hard.