Average Down

pay attention on today red news and events...

done scalping 5-15mins TF...
last friday got blown my 1st MFF eval account...
same day i took new account 100K eval...
but at the EOD friday was a bit emotional and greedy...
push the selling while gold dried up flying no looking back..
cut loss just before market closing...

Nuf for today...
Recovered some loss last friday...
Most major pair started to side way except for oil...
I will post some view on oil later...
Looks to target 113 level after friday break out...

USOil D1 inverted Head N' Shoulder
waiting for neckline test and look for buy...



previous H&S pattern...
testing the neckline and drop to support...

Will stick on oil for now...
Waiting fir gold, eur and gbp to trigger the reentry level...

USOil heavy seller today...
D1 H&S pattern price broke down to neck line and stop at support trend line...
CPI data tomorrow, could give the clear picture to most major pairs as well...


had some scalping earlier...
0.6% today...
still trading on 5-15mins TF scalping base on H4 candle pattern with BBMA...

sorry to some private followers asking for update on daily set up...
been busy lately, cant update and give much time for the journal and specially on my telegram...
after getting my eval challenge then my day job gotten busier as well i cant trade my small live account...
hope i can get extra time to post update trade here even before london Session from tomorrow onwards..
nothing much special, but tomorrow sure will have a bitter and sweet day for everyone when CPI data is out...

USOil broke the trend line support...

gold buy set up looking for 1727 as tp...
as long 1700 level hold and acting as major support...

EU buy set up

another bad friday again on my eval...
i got fry-day...
from monday i will stick with Gold, GbpUsd, Us30 and Usoil...
need to cut my monitored pair for the meantime...

same statrategy using BBMA H4 pattern and structure...
trade execution on 5-15mins...

is this using mt5? colorful indicator with bbma oma ally, would you like to share, i like the technique

hi there, mt5 bbma indi was been remove on website and it was paid...

here is the link for mt4 free...
indi with label
https://www.mql5.com/en/market/produ...ting006%3abbma
dashboard indi
https://www.mql5.com/en/market/produ...ting006%3abbma

GL

since i started the MFF evaluation 100K account...
i have look fast process, i can play with average down short period high risk and reward...

startegies come to my mind with Ema's filter...
*1-5 mins TF
*ema 55 hi/lo for fib retracement
* ema 200 for trend confirmation

buy rules:
1- when price break above ema 200, wait for ema 55 to cross as well and settle the momentum.
2- buy entry when the price retest the ema 55.
3- as long ema 55 doesn't cross the ema 200 and confirmation unclear the buy set up still valid.

sell rules:
1- when break below ema 200, wait for ema 55 to cross as well and settle the momentum.
2- sell entry when the price retest the ema 55.
3- as long ema 55 doesn't cross the ema 200 and confirmation unclear the sell set up still valid.

samples:
UsOil

Gold

For almost 2 weeks watching 1-5mins TF i found UsOil as prime indicator for Us30, Gold and UsdGbp...

Everytime UsOil push Higher or Lower the dow, gold at gbp after awhile will follow...

Still working on trade zone and filters to avoid some major error...

1-5min TF can gain faster if fast in/out targeting short period...
Avoiding red news are #1 key to distroy all your gain in scalping...

Using trend line #2 key to see if there is BO formation...

If ema 200 and ema 55 align #3 key no trade zone...
Wait for ema 200 and ema 55 to seperate and took the 1st test of price on ema 55 buy if above ema 200 and sell if below ema 200...

here we go Usoil pushing higher...
looking for retest buy on gold, gu and dow...

UsOil pull back and double top on 1m tf LO open level...
Us30 bulls somehow dragging the GU bulls...
seems price likely to go side way waiting for good reentry later...
so far scalp buy/sell good result...
be right back later before US open...

missed the UsOil slide and break H4 Support...
dow mad cow got exhasted, lets see what NYSE bulls can run or bear break it down...
gold likely to test 1742-47...
GU sleeping beauty since LO...

done scalping...
got hit hard during LO pre market and recover on UsOil...
waiting for dax and dow correction and will buy later...

nuf for today 1.1%...
eval are hardest to deal than live trading...
mentally greedy upon you...

0.3% LO session, kind of busy with my day job today...
hope we can catch more pips later in US/NY session...