Anthony's 20 point system | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dow futures point to more than a 1,000-point fall at the open 1 reply

Bull Bear Zone - Anthony Tan 18 replies

RSI Daily Pivot Point System 179 replies

Pivot point reference point? 7 replies

Attachments: Anthony's 20 point system
Exit Attachments

Anthony's 20 point system

  • #21
  • Nov 6, 2014 11:05am Nov 6, 2014 11:05am
Quoting antgal23
{quote} USD - CHF 30.10.14 Wed buy reaction not unexpected 100 pip BUOB Could close though as a 20 hour Bearish PB - lets see What could explain the buy reaction? Could we say that this buy move was done by intra-day traders who are in and out during one session? These would be in contrary to the actual movers of the pair who are on the sidelines waiting to resume the bear move SL moved to today's high - I am not paying more than that Lets see
06.11.14
USD - CHF

 

  1. Taken out at 0.9610 for a loss
  2. If I'd seen the same trade again I take it - it had PA and Space with the FTA a bit away
  3. Maybe I could have been a bit more cautious but I traded what I saw
  4. I think with being so wrong on this one, I lack an understanding of the fundamentals of the Majors esp. when the CHF is involved because its not the first time its gotten me

  • #22
  • Nov 19, 2014 11:25am Nov 19, 2014 11:25am
Hi folks

Sell stop on for EUR - USD

Reasons for

  1. Reverse Continuation Weekly PA-100 pips +
  2. 1.28 New Resistance and Major PPZ
  3. Sell Stop at Support 1.2460 below price
  4. Weak Buy Zone at 1.25 (so far)
  5. Trade has Space
  6. FTA at TP - 1.2060
  7. Did price go below a.25 to trigger Retail shorts?
  8. Will price head North to take these same shorts out before resuming Trend?
  9. October Buy reaction closed under 1.28

Reasons against

  1. COT says Buy
  2. Big Buyers could be waiting in the wings
  3. 1.25 VBRN
  4. Haven't traded a PA continuation trade in ages

Probably Red News tomorrow so lets see what happens

  • #23
  • Nov 24, 2014 11:06am Nov 24, 2014 11:06am
Quoting antgal23
Hi folks Sell stop on for EUR - USD Reasons for Reverse Continuation Weekly PA-100 pips + 1.28 New Resistance and Major PPZ Sell Stop at Support 1.2460 below price Weak Buy Zone at 1.25 (so far) Trade has Space FTA at TP - 1.2060 Did price go below a.25 to trigger Retail shorts? Will price head North to take these same shorts out before resuming Trend? October Buy reaction closed under 1.28 Reasons against COT says Buy Big Buyers could be waiting in the wings 1.25 VBRN Haven't traded a PA continuation trade in ages Probably Red News tomorrow so...
EUR-USD Update 24.11.14

 

  1. Trade triggered last Friday
  2. Sell-off couldnt take out November's low
  3. Support at 1.23 with a few buyers around today
  4. Would like last weeks bar to have closed a bit lower to engulf the previous two weeks instead of just the previous
  5. Moved SL to 1.2630 - why pay more?
  6. Take 1/3 off at 1.2335 and another at 1.22

  • #24
  • Nov 27, 2014 11:15am Nov 27, 2014 11:15am
Quoting antgal23
{quote} EUR-USD Update 24.11.14 Trade triggered last Friday Sell-off couldnt take out November's low Support at 1.23 with a few buyers around today Would like last weeks bar to have closed a bit lower to engulf the previous two weeks instead of just the previous Moved SL to 1.2630 - why pay more? Take 1/3 off at 1.2335 and another at 1.22
27.11.14 EUR - USD Update

 

  1. Retrace back to 1.2530 / Minor PPZ / coincides with TL
  2. Waiting to see where Weekly Price closes tomorrow to see if it leaves any clues to next week's moves
  3. SL up to 1.2630
  4. TP 1 set at 1.2335
  5. No idea where price will go
  6. Plan is check again tomorrow

Potential 4hr Sell Stop on the EUR-AUD

  1. 32 hr PB
  2. PB breaks
  3. Retrace back to break zone
  4. Wait to see if there will be PA off the break zone - if there is Sell it with SL just above Retrace PA or off the 32 hr PA

Not for me as Im off to bed. I am GMT + 4

  • #25
  • Dec 1, 2014 10:36am Dec 1, 2014 10:36am
Quoting antgal23
{quote} 27.11.14 EUR - USD Update Retrace back to 1.2530 / Minor PPZ / coincides with TL Waiting to see where Weekly Price closes tomorrow to see if it leaves any clues to next week's moves SL up to 1.2630 TP 1 set at 1.2335 No idea where price will go Plan is check again tomorrow Potential 4hr Sell Stop on the EUR-AUD 32 hr PB PB breaks Retrace back to break zone Wait to see if there will be PA off the break zone - if there is Sell it with SL just above Retrace PA or off the 32 hr PA Not for me as Im off to bed. I am GMT + 4

EUR - USD Weekly Short 01.12.14

 

  1. Would like to have seen a more bearish close last week
  2. Price closed below VBRN 1.25
  3. Why did price not take out previous week's low?
  4. Big sellers taking a break?
  5. Price respecting Daily TL
  6. If the market is Short, and They know e/one is short, will They run the Short stops (by buying the market) before resuming the LT T?
  7. No reason (Buy PA) to suggest Big buyers will enter to reverse Trend
  8. But, as I am not a psychic price could go a/where

  • #26
  • Dec 2, 2014 11:18am Dec 2, 2014 11:18am
01.12.14 GBP - USD

Here is a trade I put on y'day and it may trigger

This is how I prepare my trades

Reasons for

  1. Trend following PA
  2. 100 pips+
  3. Old S confirmed as New R
  4. Major PPZ
  5. BRN 1.58
  6. Space
  7. Close of previous bars suggest this has momentum
  8. Clear rejection on the Weekly from 1.58

Reasons against

  1. Selling into 1.55
  2. Price not making new lows
  3. Short in another USD trade

I almost didnt enter but I put it on as the Weekly rejection from 1.58 was too big a signal top pass

Entry - 1.5612 SL - 1.5824 TP- 1.49

Plan - take 1/3 off at TP 1 1.5427 and get SL to BE

  • #27
  • Dec 3, 2014 10:48am Dec 3, 2014 10:48am
Quoting antgal23
01.12.14 GBP - USD Here is a trade I put on y'day and it may trigger This is how I prepare my trades Reasons for Trend following PA 100 pips+ Old S confirmed as New R Major PPZ BRN 1.58 Space Close of previous bars suggest this has momentum Clear rejection on the Weekly from 1.58 Reasons against Selling into 1.55 Price not making new lows Short in another USD trade I almost didnt enter but I put it on as the Weekly rejection from 1.58 was too big a signal top pass Entry - 1.5612 SL - 1.5824 TP- 1.49 Plan - take 1/3 off at TP 1 1.5427 and get SL...
Hi folks,

Update on E-U

 

  1. Closed 1/3 at 1.2310
  2. SL moved to BE
  3. Red news (not that I understand it) Thur and Fri - how will the week play out?

  • #28
  • Dec 8, 2014 11:23am Dec 8, 2014 11:23am
Quoting antgal23
{quote} Hi folks, Update on E-U Closed 1/3 at 1.2310 SL moved to BE Red news (not that I understand it) Thur and Fri - how will the week play out?
08.12.14

GBP - USD Update

 

  1. Bearish retrace PB
  2. Slightly lower close than previous weeks
  3. 3 Week Retrace PB confirming 1.58 as New Resistance
  4. Plan - get SL to BE and close 1/3 at 1.55 VBRN

  • #29
  • Dec 8, 2014 11:25am Dec 8, 2014 11:25am
Quoting antgal23
01.12.14 GBP - USD Here is a trade I put on y'day and it may trigger This is how I prepare my trades Reasons for Trend following PA 100 pips+ Old S confirmed as New R Major PPZ BRN 1.58 Space Close of previous bars suggest this has momentum Clear rejection on the Weekly from 1.58 Reasons against Selling into 1.55 Price not making new lows Short in another USD trade I almost didnt enter but I put it on as the Weekly rejection from 1.58 was too big a signal top pass Entry - 1.5612 SL - 1.5824 TP- 1.49 Plan - take 1/3 off at TP 1 1.5427 and get SL...
08.12.14

E-U Update

 

  1. Bearish retrace BEOB
  2. Possible retrace back to 1.2365 to confirm Old Support as New Resistance
  3. Keep SL at BE
  4. Plan - wait to see what week brings, take another 1/3 off at 1.22

  • #30
  • Dec 10, 2014 10:27am Dec 10, 2014 10:27am
Quoting antgal23
{quote} 08.12.14 GBP - USD Update Bearish retrace PB Slightly lower close than previous weeks 3 Week Retrace PB confirming 1.58 as New Resistance Plan - get SL to BE and close 1/3 at 1.55 VBRN
10/12/14

GBP-USD

 

  1. SL moved to 1.5738 , which is a Minor PPZ
  2. I am taking a full bar loss on this
  3. Over the long term it must be a good habit to cut losses

  • #31
  • Dec 17, 2014 10:47am Dec 17, 2014 10:47am
Quoting antgal23
{quote} 10/12/14 GBP-USD SL moved to 1.5738 , which is a Minor PPZ I am taking a full bar loss on this Over the long term it must be a good habit to cut losses
12.12.14 GBP-USD

 

  1. Stopped out with a 0.60% loss

  • #32
  • Dec 17, 2014 10:49am Dec 17, 2014 10:49am
Quoting antgal23
{quote} 08.12.14 E-U Update Bearish retrace BEOB Possible retrace back to 1.2365 to confirm Old Support as New Resistance Keep SL at BE Plan - wait to see what week brings, take another 1/3 off at 1.22
12.12.14 E-U

 

  1. Stopped out at BE with 1/3 banked

  • #33
  • Jan 29, 2015 11:34am Jan 29, 2015 11:34am
Hi all

First trade of the year

A - U

For

  1. PA
  2. 100 +
  3. VBRN - 0.80
  4. Minor Support confirmed as New Resistance
  5. PPZ
  6. SWH
  7. With LT Trend
  8. Sell Limit - Option C
  9. Space

Against

 

  1. Unsure where FTA is
  2. Dont like trading with Trend

Entry: 0.7870 SL 0.8027 Risk: 1% TP: 0.7265

Plan

Moved SL up to 0.7950 in case I am not around tomorrow to move it. I am not prepared to take a full bar loss on this and I believe if it retraces up to 0.7950 from current price of 0.7737, then it must have alot of steam

If it triggers and drops, will get SL to BE at 0.7720 (using PA and bars as guide)

Wish me luck!

  • #34
  • Feb 3, 2015 11:28am Feb 3, 2015 11:28am
Quoting antgal23
Hi all First trade of the year A - U For PA 100 + VBRN - 0.80 Minor Support confirmed as New Resistance PPZ SWH With LT Trend Sell Limit - Option C Space Against Unsure where FTA is Dont like trading with Trend Entry: 0.7870 SL 0.8027 Risk: 1% TP: 0.7265 Plan Moved SL up to 0.7950 in case I am not around tomorrow to move it. I am not prepared to take a full bar loss on this and I believe if it retraces up to 0.7950 from current price of 0.7737, then it must have alot of steam If it triggers and drops, will get SL to BE at 0.7720 (using PA and bars...
03.02.15 AUD - USD

 

  1. Monday retrace to 0.7825
  2. 150 pip drop to 0.7625
  3. Rebound to current price of 0.7730

Ill keep trade on as price may need to retest break zone and confirm Old Support as New Resistance

I'd worry if I got bullish PA 100 pips+ against me

Also 200 MA on the Monthly is at current price - could this act as a Major Support zone?

  • #35
  • Feb 4, 2015 11:35am Feb 4, 2015 11:35am
04.02.15 A-U

 

  1. Trade didnt trigger
  2. Bullish PA 100 pips + against me

Taken position off as I want to buy AUD - JPY. I have a rule not to get into trades with the same base currency

  • #36
  • Feb 4, 2015 12:11pm Feb 4, 2015 12:11pm
04.02.15 A - J

For: PA / 100 +/ VBRN / SWL / Buy PA break / Space / Weekly low off 200 MA / With HTF Trend / Major PPZ

Against: Reversal / Is it really buying with HTF Trend?

Buy Stop at 91.70
SL at 89.36
TP: 0.9461

Plan: Just after putting on the trade, I moved my SL up to 90.50. Why? If it triggers I am not willing to take a full bar loss - as for the move to be valid it shouldnt break the low of the left eye of the set-up.

If it triggers and gets up to 92.70 ish Ill move my SL to BE.
  • #37
  • Feb 9, 2015 11:08am Feb 9, 2015 11:08am
Quoting antgal23
04.02.15 A - J For: PA / 100 +/ VBRN / SWL / Buy PA break / Space / Weekly low off 200 MA / With HTF Trend / Major PPZ Against: Reversal / Is it really buying with HTF Trend? Buy Stop at 91.70 SL at 89.36 TP: 0.9461 Plan: Just after putting on the trade, I moved my SL up to 90.50. Why? If it triggers I am not willing to take a full bar loss - as for the move to be valid it shouldnt break the low of the left eye of the set-up. If it triggers and gets up to 92.70 ish Ill move my SL to BE.

Hi folks

Update on the Daily A-J

 

  1. It triggered on Fri
  2. Price broke out from break zone of PA
  3. 100 pip+ bar with strong close
  4. Monday retrace to Daily TL

Plan
Wait to see if price can close above 93 BRN then get SL to BE

Biggest challenge for me is not picking 'winners' but managing the trade.

My system has a 50 % strike rate over 2 years but due to trade man. and the fact I trade seldomly I can't convert that into % profit

  • #38
  • Feb 10, 2015 11:09am Feb 10, 2015 11:09am
Quoting antgal23
{quote} Hi folks Update on the Daily A-J It triggered on Fri Price broke out from break zone of PA 100 pip+ bar with strong close Monday retrace to Daily TL Plan Wait to see if price can close above 93 BRN then get SL to BE Biggest challenge for me is not picking 'winners' but managing the trade. My system has a 50 % strike rate over 2 years but due to trade man. and the fact I trade seldomly I can't convert that into % profit
10.02 A- J

 

  1. Not really testing Fri high
  2. Thin range on Monday bar
  3. Would n't be surprised to see price test Break Out zone of 91.70

Happy trading!

  • #39
  • Feb 12, 2015 10:59am Feb 12, 2015 10:59am
Quoting antgal23
{quote} 10.02 A- J Not really testing Fri high Thin range on Monday bar Would n't be surprised to see price test Break Out zone of 91.70 Happy trading!
11.02 A - J

 

  1. Daily retrace down to 91.25. No surprise there as it equates the Right Eye of the PB set-up on the Weekly
  2. Interesting to see where today's bar closes - if it closes as a PB it'd certainly be tempting to buy again
  3. Looking to get SL to BE if / when I have a Daily which closes at or around 93

  • #40
  • Feb 17, 2015 10:46am Feb 17, 2015 10:46am
Quoting antgal23
{quote} 11.02 A - J Daily retrace down to 91.25. No surprise there as it equates the Right Eye of the PB set-up on the Weekly Interesting to see where today's bar closes - if it closes as a PB it'd certainly be tempting to buy again Looking to get SL to BE if / when I have a Daily which closes at or around 93
17.02 A-J

Hey - update on this PB I took last week

 

  1. Buyers entered in today
  2. Entry zone confirmed as Support
  3. Does this thing have legs ?
  4. 94.50 is my Daily TP
  5. Possible Weekly TP at 95.50
  6. Plan is to move SL to BE once I have a Daily close around 93
  7. Tempted to buy again but its not in my Trading Plan

Enjoy the week!

0 traders viewing now