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Attachments: Rules based system that is profitable on GBPUSD and EURJPY
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Rules based system that is profitable on GBPUSD and EURJPY

Quoting mkvy
{quote} No, i would not go near a 15 minute chart
It is just an idea as I was testing the system especially in a Trading Range (to switch to a lower time-frame). Otherwise it can also work on H1.
i agree with your strategy baseline and the 200 (i was using a 100) TP cause i do to use these 2 EMA's and the EJ is forecast to hit the 116 area...i also like that idea of removing the candles...i will try that this week LOL, i did have a EA created with these EMA's but i have a pip distance in place to ensure the EMA trend change is valid, but as you stated earlier, EA's don't always works as they are programmed, so i am back to trading manually, but i haven't given up just yet on EA's constantly testing and tweaking, plus the right broker matters when it comes to EA's
Quoting pantherrilla
i agree with your strategy baseline and the 200 (i was using a 100) TP cause i do to use these 2 EMA's and the EJ is forecast to hit the 116 area...i also like that idea of removing the candles...i will try that this week LOL, i did have a EA created with these EMA's but i have a pip distance in place to ensure the EMA trend change is valid, but as you stated earlier, EA's don't always works as they are programmed, so i am back to trading manually, but i haven't given up just yet on EA's constantly testing and tweaking, plus the right broker matters...
Yeah, i dont like EA's as i dont like leaving a computer on for 5 days solid... Checking a few times a day with a phone is perfect as most crosses have a few days to up to 11 days to get an opposite cross... also being late to a crossover can also be favorable as the price can come back towards it
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
Im putting TP targets just at those trendlines, that would be a reasonable TP, about 600 pips in total, GBPUSD and EURJPY
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Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
nice, whatever is working for you, that's all that matters in this world
i TP manually GBPUSD..but my red trendline had shifted due to changing timeframes... so not quite right.. 160 pips profit... waiting for a cross up now GBPUSD
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
EURJPY iintelligent stoploss adjusted to 25 pips in profit if price rises
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Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
  • Post #48
  • Quote
  • Edited 10:37am Jun 15, 2020 10:13am | Edited 10:37am
Monitoring GBPUSD for cross up, may happen today, may continue down and not Cross. Im happy with my profit... See what happens with EURJPY...
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
yeah ic and i thought GU was gonna continue the downtrend this week, but the dollar weakness n COVID may change the original outlook
once the 1.265 is broken, it's official, cause EMA cross is complete and almost thru the ichimoku cloud
Adjusting stoploss EURJPY 100 pips guaranteed if it breaks up
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Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
Quoting pantherrilla
once the 1.265 is broken, it's official, cause EMA cross is complete and almost thru the ichimoku cloud
It would be great to see it go up and cross tonight in calm conditions.. That would be a great Buy. But its not happened yet. Its 50:50.. could easily continue downwards more
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
it's happening, just got the signal on the H4 and the ichimoku sell cloud is shrinking more n more, but your right still 50/50, u know how the U.S. do, it's not official until the 1.265 is broken
Quoting pantherrilla
it's happening, just got the signal on the H4 and the ichimoku sell cloud is shrinking more n more, but your right still 50/50, u know how the U.S. do, it's not official until the 1.265 is broken
why is 1.265 so important?
Oh yeah, i see what you mean.. structural break... Its a good confirmation, but i dont place trades based on horizontal breaks of resistance/support
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
because that was the previous high, those gold lines are my entry SL and tp targets, if u look u see price bounces of these trend reversals usually happens on the blue lines but i focus on the gold price action levels cause they always hit
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Closed Both GPBUSD this morning, and EURJPY just now... total 270 pips..
Now a waiting game
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
nice...i'm in early ...only because i got the H4 signal, plus with the pre-market news from the stock side concerning the sell-off, told me that the dollar was gonna be weak due to the new covid cases..even if it does reverse back i can still grab 100-200 pips. also if the bullish trend is confirmed tomorrow ...my target is 1.3
EURJPY looks like it may cross in another hour, then waiting for a confirmed cross an hour after that... if that happens im buying
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Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
We have contact... ALERT EURJPY.. waiting for confirmation in 36 minutes
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
I created an account so i don't have to keep postings
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
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