Entries, charts and others pics i don't want to lose

Since my method of trading involves a lot of time spent on charts, I know I won't be posting much more at all on Forex Factory in the interactive threads. Haven't for about 4-5 months now really. I am watching every MT4 time frame now, and always paying attention to the closing seconds of all candles on all time frames, as well as a combination of moving averages and of course divergences. I am also constantly positioning horizontal bars across my charts and RSI. Also voice comm with a few traders.

Anyway this thread is just for anything I feel like posting because I know I wouldn't mind to see it again sometime. Mostly just posting things very useful to my trading.

If you get something out of it great. But please don't post on the thread, PM if you have a question. I will TRY to answer it come Friday or Saturday.

As always, buy fear - sell greed

You all know its so much more than that, but those are always the emotions felt at major lows and highs, usually because the highs and lows are where the stops are and the stops run the market so quickly that you feel an extreme surge of emotion. That huge greed feeling like its going to blow through the roof is where it usually stops and reverses short, and the fear feeling where it falls to the abyss, is where it typically reverses long.

Using these emotions to go along with what you see on a chart can be a very powerful tool. Or perhaps you don't notice them, depending on how emotional you may be (I am a Pisces)

A few charts

EURJPY

.....

New chart layout.. been trading even better without the EMAs.

All I need is MACD, trendlines and price action.

Biggest secret in trading?


Reverse risk reward


To hell with "proper" risk reward ratios when doing it in reverse you can have 95%+ winners.

IE, 20 pip sl, 10 pip tp? How could you possibly lose more than 1/10 of those trades?

EA backtests

Nothing but smiles this weekend.

Reliable 1 hour back tests, wide stops and take profits. (scalping EAs are never accurate on a back test, my sl 55 and tp 21)



#1 - EURUSD 1 hour - July 19 2011 - Present - Max DD = 21% , 55 pip sl, 21 pip tp

#2 roughly the same EA as #1 over same time period, just a different risk profile, and changed sl to 34 and using 5 pip trailing stop

#3 - same as #2 just different risk profile - slightly more profitable and less dd

The key with these EAs is, you know if they happen to go on losing streaks, even though rare, will really hurt profits. So I keep max DD % in place. Usually 25 or 50%. This protects profits and EA will shutdown. Withdraw profits and try again with small account.


#4 - same as #2 and #3, 5% base risk per trade

You know, it's interesting how account balances often look like price trends..

and here is a grid EA ive been working on. very good so far


this test is Jan 16th 2013 to May 7th 2013... roughly 15 weeks.


5 minute chart


there was no compounding done during this test.


probably one of the best EAs ive ever done, look at that beautiful stair step. given no compound, very great performance, not 1 single drawdown to balance.


and the next one will be ever better i believe

next EA test.. knew it would be better

and i have idea for another one that could potentially be even better..


the last ~75 trading days in 2013 (start Jan 16th)... no compound

how did i not think of this earlier...


just a change in parameters...


again.. no compounding, this is a roughly 75 day test.. jan 16th to may 7th

500% yield no compound.. less than 4 months..

gbpjpy

gbpjpy, same chart as above, with my divergences marked as well

divergence indicator cant best a human

short taken before candle close, i took it on break of that high, because i knew it was divergence. candle close confirmed it


inverse risk reward = high probability of TP, low probability of SL


this account aims for 1 scalp a day, with 10 pip tp 20 sl..

4 inverted RR scalp accounts

I aim for one scalp per day with 8% risk, 4% tp for all accounts. So 4 trades per day. My main account just focuses on carry trades.


SL 10 TP 5

SL 20 TP 10

SL 40 TP 20

SL 80 TP 40



7/10 winners on bi weekly basis gives me average gain of 4% per week - 70% win ratio

4/5 winners per week gives me average gain of 8% per week. - 80% win ratio

9/10 on a bi weekly basis gives me average gain of 14% per week - 90% win ratio

19/20 winners per month gives average gain of 17% per week - 95% win ratio

liquidity gap.. basically you can think of these as "mini bubbles" in price action. they are big buyers for the longer term time frame, but in short term, its an inefficient market move, that is still in a downtrend... and will need to retrace and build the real reversal move more slowly... especially if these big liquidity gaps come as a strong counter trend presence... the reversal will be welcomed by with trend traders shorting again and again.... until enough consolidation has built at support levels....

long aussie, not looking for much.. trend too strong


hopefully not too early. dont follow this shit.. seriously lol

audusd 4hr

a move to 0.9940 would be nice