ONe note....because of price action against the euro i have substitued gbpusd (M30) for gbpchf (M30).
so far the market is slow however, trends materialized while I slept on all pairs and am now long in eurusd, gbpusd and gbpjpy
remember to always place emergency stops when playing with tf's this low
5:30 GMT Update
eurusd: long since 1.5519
eurusd: currently will go short at 1.5498
gbpjpy: currently long at 212.41
gbpjpy: currently will go short at 211.66
gbpusd: long at 1.9658
gbpusd will go short at 1.9622
5:35 GMT Update
eurusd: on my current open long position I have moved s/l to a temporary position at 1.5519 which is one pip below the latest low fractal. this is just a mental stop however, as i have not qute been up enough pips to just close in a profit
5:40 GMT Update
eurusd: curretnly i will go short at 1.5509 which is the closest fractal that is also below the bottom PSAR configuaration
6:00 GMT Update
the news is coming out, and not in profit in any position...have tightend up my stops in case of a move against me
6:05 GMT Update
seemed to weather the news with no losses
eurusd: i could add another long position at 1.5530 + spread above the latest high fractal and also above the PSAR dots, but i am thinking i won't as market is kind of ranging. If there had been a breakout move and a consolidation, then no question
6:10 GMT Update
eurusd: i have place my s/l for my long order at 1.5514 which also coincides with the low fractal inside the short PSAR. I will also place a short order here.
6:15 GMT Update
eurusd: price broke through upper PSAR which means that my short order is no longer valid as right now it lies above the lower PSAR dots. Next bar i am expecting this to be a valid short entry agtain at 1.5514
6:25 GMT Update
gbpusd: should take a slight bounce downward off the trendline, but then shoule continue it's move up
at this point i will not let any of my trades go into negative however i will give my gbpusd and gbpjpy trades a little slack as they are traded off M30
6:30 GMT Update
gbpusd: trendline breached hopefully up up and away
I have reached 3% profit and will lock in 1%
6:40 GMT Update
Yeah...i am a big chicken, but i closed out all three trades at 2% profit. I will look for re-entries and keep my profits small.
and yes.....this system does take losses
6:45 Update
eurusd: a new upper fractal has formed which would currently give me a re-entry long at 1.5553 + spread
Here is a chart where you can see the fractals and the PSAR. I will also go to M15 for eurusd and draw recent Trend Lines.
the horizontal lines are as follows:
Red= Sell below this line (Fractal)
Blue= Use for s/l
Green= Buy above this line (fractal)
7:10 Update
eurusd: Long triggered and will not let me green pips go to red
7:40 update
eurusd: closed with 10 pips profit....1% one of these days i will learn to stay with the trend, but this trading can move against me real quick
7:45 GMT Update
eurusd: currently i would not go short until below the fractal at 1.5534
eurusd: another upper fractal has formed, but i am unsure if I will take it at the moment due to the movement we have already seen
so far the market is slow however, trends materialized while I slept on all pairs and am now long in eurusd, gbpusd and gbpjpy
remember to always place emergency stops when playing with tf's this low
5:30 GMT Update
eurusd: long since 1.5519
eurusd: currently will go short at 1.5498
gbpjpy: currently long at 212.41
gbpjpy: currently will go short at 211.66
gbpusd: long at 1.9658
gbpusd will go short at 1.9622
5:35 GMT Update
eurusd: on my current open long position I have moved s/l to a temporary position at 1.5519 which is one pip below the latest low fractal. this is just a mental stop however, as i have not qute been up enough pips to just close in a profit
5:40 GMT Update
eurusd: curretnly i will go short at 1.5509 which is the closest fractal that is also below the bottom PSAR configuaration
6:00 GMT Update
the news is coming out, and not in profit in any position...have tightend up my stops in case of a move against me
6:05 GMT Update
seemed to weather the news with no losses
eurusd: i could add another long position at 1.5530 + spread above the latest high fractal and also above the PSAR dots, but i am thinking i won't as market is kind of ranging. If there had been a breakout move and a consolidation, then no question
6:10 GMT Update
eurusd: i have place my s/l for my long order at 1.5514 which also coincides with the low fractal inside the short PSAR. I will also place a short order here.
6:15 GMT Update
eurusd: price broke through upper PSAR which means that my short order is no longer valid as right now it lies above the lower PSAR dots. Next bar i am expecting this to be a valid short entry agtain at 1.5514
6:25 GMT Update
gbpusd: should take a slight bounce downward off the trendline, but then shoule continue it's move up
at this point i will not let any of my trades go into negative however i will give my gbpusd and gbpjpy trades a little slack as they are traded off M30
6:30 GMT Update
gbpusd: trendline breached hopefully up up and away
I have reached 3% profit and will lock in 1%
6:40 GMT Update
Yeah...i am a big chicken, but i closed out all three trades at 2% profit. I will look for re-entries and keep my profits small.
and yes.....this system does take losses
6:45 Update
eurusd: a new upper fractal has formed which would currently give me a re-entry long at 1.5553 + spread
Here is a chart where you can see the fractals and the PSAR. I will also go to M15 for eurusd and draw recent Trend Lines.
the horizontal lines are as follows:
Red= Sell below this line (Fractal)
Blue= Use for s/l
Green= Buy above this line (fractal)
7:10 Update
eurusd: Long triggered and will not let me green pips go to red
7:40 update
eurusd: closed with 10 pips profit....1% one of these days i will learn to stay with the trend, but this trading can move against me real quick
7:45 GMT Update
eurusd: currently i would not go short until below the fractal at 1.5534
eurusd: another upper fractal has formed, but i am unsure if I will take it at the moment due to the movement we have already seen
"Keep your eyes on the helpers" - Mr. Rogers