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Market Predatorfx58

  • #261
  • Jul 3, 2017 11:15am Jul 3, 2017 11:15am
Quoting PrinceJ58
The new Template found on the first (1) post. {image}
Thanks for your Symbol changer, I really apreciate it.
Keep the good work
  • #262
  • Jul 3, 2017 2:52pm Jul 3, 2017 2:52pm
Quoting Onizuka
{quote} Thanks for your Symbol changer, I really apreciate it. Keep the good work
No Problem, I am here to first serve then be served, Fair enough?
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  • #263
  • Jul 3, 2017 2:53pm Jul 3, 2017 2:53pm
Quoting xVerdex
{quote} Thank you for replying! I will start trading using your method next week! Have a good weekend PrinceJ58!
Just be careful to do it on low leverage though- Small trade sizes.
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  • #264
  • Edited 6:45pm Jul 3, 2017 2:55pm | Edited 6:45pm
Quoting bromanbdc
I wanted to go ahead and post here as well. Please let me know what you think, and what you would like to see different. I am currently modifying it to include an option to choose a 4 or 5 digit broker. If you do not think that is necessary, just let me know. Thank you. {file} {file}
I almost forgot about the post on Zach's fibs Page...Silly me!
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  • #265
  • Jul 3, 2017 10:13pm Jul 3, 2017 10:13pm
Directional Bias indicators are good on higher time frame for trade direction bias, For the new template if price is above the 50 ema on h1 to daily look to place buy stop orders. If price is below on h1 to daily look to place sell stop order.
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  • #266
  • Jul 3, 2017 10:25pm Jul 3, 2017 10:25pm
Take a look on silver last-night, what a great opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver setup.png Size: 128 KB
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  • #267
  • Jul 3, 2017 10:27pm Jul 3, 2017 10:27pm
Closer look at Silvers Setup M15.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver setup m15 .png Size: 76 KB
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  • #268
  • Jul 3, 2017 10:29pm Jul 3, 2017 10:29pm
What happens on one may happen on the rest as well due to correlation.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold m15.png Size: 76 KB
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  • #269
  • Jul 3, 2017 10:31pm Jul 3, 2017 10:31pm
The opposite was bound to happen on the dollar driven asset.
Attached Image (click to enlarge)
Click to Enlarge Name: USdJPY Opposite trade.png Size: 74 KB
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  • #270
  • Jul 3, 2017 10:33pm Jul 3, 2017 10:33pm
NZD USD tends to reflect the commodity based assets.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD USD Good opportunity too.png Size: 79 KB
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  • #271
  • Jul 3, 2017 10:45pm Jul 3, 2017 10:45pm
So look on higher time frame and see what will happen to trades that are setting up for you. Post your screenshots and possible setups, that's the only way to know if your are on the right track. If you found something that may help others with there trades don't hesitate to share.


Cheers.
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  • #272
  • Jul 4, 2017 4:25pm Jul 4, 2017 4:25pm
Hi Prince,
Ive been lurking in the background and followed eveyones post since it started, ive been trialing your trading system now (without using money just simply plotting where i would buy/sell) ive had some good results, i would have made 156 pips in two days which isnt bad at all, i missed the AUD news but going off my calculations and using your system that would have raked around 600 pips on the AUD pairs, now my question is, has there been a method put into place to prevent being stopped out on reversals? such as a trailing stop loss so we can lock in profits if so how many pips would you advise to set this at?, Also i see you set up your buy and sell points during the asian range, which sometimes will trigger off buy or sell level with out breaking out then potentially be stopped out before news is released, working off the 15 minute chart would it not be easier to set up both buy and sell levels say 30 minutes before the news is due to be released and mitigate the risk of an order being triggered too early?

Sorry for the bad spelling it isnt my strong point!
Just wondering on your thoughts and anyone else's point of view on that.

Kindest regards
Neil
  • #273
  • Jul 5, 2017 7:33am Jul 5, 2017 7:33am
Quoting Neil0163
Hi Prince, Ive been lurking in the background and followed eveyones post since it started, ive been trialing your trading system now (without using money just simply plotting where i would buy/sell) ive had some good results, i would have made 156 pips in two days which isnt bad at all, i missed the AUD news but going off my calculations and using your system that would have raked around 600 pips on the AUD pairs, now my question is, has there been a method put into place to prevent being stopped out on reversals? such as a trailing stop loss so...
Thanks for stopping by, Spelling is the least of our problems. Now i am happy you replied, and you made good observations. The thing about being triggered too early has been an issue for sometime now., which is why we used the pips away as buffer. The thing that i mentioned before was with the new template was using h1 or h4 for placing stop-loss above fractal in a sell and placing stop below fractal in a buy situation. This has been safe enough so far.

There are ways to add directional bias and that is to observe higher time-frames such as the h4 for direction strong breakouts, breakouts i find tend to go with the major trend.

Have you realized that sometimes the first breakout direction sometimes work out getting stopped out only to go back in that direction-Stop hunting.

In terms of capitalizing on the pips you can use trailing stop, trail behind a moving average, trail behind fractals-support and resistance and you can close the trades at the end of each session no matter what. Which in our case is before newyork opens.

AUD news was an excellent representation of the system, eurusd and gbpusd lastweek.
I have been doing some messing around with keep the trades from the first breakout experienced on the Monday London session for the week.
Observe that method and let me know, especially when the strengths/currency exposure is present in supporting the direction.

As for the 30 minutes before news, that can be safe enough, usually there is activity from the this time leading up. But observe the spread from this 30 minute point on-wards.
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  • #274
  • Jul 5, 2017 11:28am Jul 5, 2017 11:28am
Projection and outlook on the safe havens.
Try and see what the outlook and projections could likely go for some weeks into months.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYmicroWeekly-Outlook.png Size: 91 KB
Click to Enlarge Name: SILVERmicroWeekly-outlook.png Size: 72 KB
Click to Enlarge Name: GOLDmicroWeekly-outlook.png Size: 96 KB
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  • #275
  • Jul 6, 2017 4:52am Jul 6, 2017 4:52am
Hello Prince,

I would like to have a correction about the Sessions set up if you please.. ?

I do live in Paris so here are the datas i should follow: https://gyazo.com/b23188b7c6eaa69e084a323c5a0fd84c

Are these correct according to you ?
https://gyazo.com/07051837ca2e8c0905568bf453ea9f31

Besides, I would like to understand how the range is calculated please:
on the US30, I have 50 points(21481 - 21431) and it counts 5000 range.

Thanks for your kind feed back.

LS
  • #276
  • Jul 6, 2017 7:16am Jul 6, 2017 7:16am
Prince,
Sorry i know your getting loads of questions here, i understand you close your positions before the NY open, how does this effect you if you was planning on trading RED news on USD pairs? would you still place your buy/sell levels during the asian range and wait for the US Session to kick in or do you still place trades on USD pairs during asian range and close them before NY opening. Just confused as to my understanding if your closing before NY session your not going to catch the news from the US on the USD pairs thus missing the potential breakout, how do you skin this cat?

Kindest regards
Neil
  • #277
  • Jul 6, 2017 8:02am Jul 6, 2017 8:02am
Quoting lifespirit
Hello Prince, I would like to have a correction about the Sessions set up if you please.. ? I do live in Paris so here are the datas i should follow: https://gyazo.com/b23188b7c6eaa69e084a323c5a0fd84c Are these correct according to you ? https://gyazo.com/07051837ca2e8c0905568bf453ea9f31 Besides, I would like to understand how the range is calculated please: on the US30, I have 50 points(21481 - 21431) and it counts 5000 range. Thanks for your kind feed back. LS
As soon as I am able to I will as I am on mobile at the moment. Might be a busy day for me. Nevertheless I will see how I can be of assistance to other tradable assets and markets.
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  • #278
  • Jul 6, 2017 8:09am Jul 6, 2017 8:09am
Quoting Neil0163
Prince, Sorry i know your getting loads of questions here, i understand you close your positions before the NY open, how does this effect you if you was planning on trading RED news on USD pairs? would you still place your buy/sell levels during the asian range and wait for the US Session to kick in or do you still place trades on USD pairs during asian range and close them before NY opening. Just confused as to my understanding if your closing before NY session your not going to catch the news from the US on the USD pairs thus missing the potential...
The cat usually gets trapped whenever it is sleeping. So b depending on the assets conditions during a session will determine when it breaks.

 

  1. Let's say the ranges is over Asian session I would expect a London breakout.
  2. If its a London range I expect a New York breakout.
  3. If its a New York range I expect breakout in Asian.

  1. So with that being said I skin the cat while it's hot in the breakout session.
  2. So if the session coming up has the breakout I take profits in that same session or move my stoploss to an acceptable profit level I am not willing to give up and trail the rest.

I hope I have answered your question.

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  • #279
  • Jul 6, 2017 11:19am Jul 6, 2017 11:19am
Quoting PrinceJ58
{quote} The cat usually gets trapped whenever it is sleeping. So b depending on the assets conditions during a session will determine when it breaks. Let's say the ranges is over Asian session I would expect a London breakout. If its a London range I expect a New York breakout. If its a New York range I expect breakout in Asian. So with that being said I skin the cat while it's hot in the breakout session. So if the session coming up has the breakout I take profits in that same session or move my stoploss to an acceptable profit level I am not willing...

Crystal Clear thankyou!
and to confirm were looking for a range off up to 50?
  • #280
  • Jul 6, 2017 12:33pm Jul 6, 2017 12:33pm
Quoting Neil0163
{quote} Crystal Clear thankyou! and to confirm were looking for a range off up to 50?
Some assets like gbpnzd probably still safe at 70 pips, as they give out like 180 or more pips on a breakout.
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