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Market Predatorfx58

  • #301
  • Jul 7, 2017 9:42am Jul 7, 2017 9:42am
Quoting Neil0163
{quote} The way i have taken your trading method is as follows, First ill see what RED news is up and coming so today for example it was USD due to looking to trade RED US news id check my USD pairs for a range in the London session of up to around 50 pips id then set up my buy/sell levels based on 10 pips from the range and place my SL at support and Resistance of the range. Id set up my take profit of a 2:1 This is what i have been doing, now can you be so kind and guide me through another crystal clear way as before in how i use Higher time frame...
Trust me you are no pain, lol, oh lord.
For Strengths, what i do is look on the Currency exposure on Sunday/Monday trading week open and i look to see what is strong and which is weak.
For the strong ones i am looking to go up with them.

Example Cad is strong

Eurcad-Sell
USdcad-Sell
Cadjpy-Buy
Gbpcad-Sell
NzdCad-Sell
CadCHf-Buy
AudCad-Sell

So if its starting the pair i'm looking to buying and if its ending in the pair i am selling.
The opposite for the Weak Index

This week Gbp- being weak

Gbpusd, -sell
Gbpjpy-sell
EurGbp-buy
GbpCad-sell
Gbpnzd-sell
Gbpaud-sell
Gbpchf-sell

I have made stupid choices even in the same explained above, yes but its a learning process to choose between all the knowledge locked up in the brain that is escaping now.
For eg. i should be selling gbpusd, but instead i am buying-Only the one above knows why, lol and i am buying gbpjpy, So to say the least it does not always correlate in all cases.
This information is all to another thread by itself and i gave you a sneak peak here.

No its saying usd and jpy weak. kinda confusing-to just follow the strengths. You would be selling when you need to be buying.
Attached Image (click to enlarge)
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  • #302
  • Jul 7, 2017 9:43am Jul 7, 2017 9:43am
Quoting Neil0163
{quote} Im following, did you see any discrepensies as to how i have interpreted your method as above?
No there are no discrepancies except you not posting the charts for me to see... give me an example.
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  • #303
  • Jul 7, 2017 10:10am Jul 7, 2017 10:10am
Quoting PrinceJ58
{quote} No there are no discrepancies except you not posting the charts for me to see... give me an example.
Will do!!
ill start uploading my charts from next week.
Even with my losses i still ended up in profit this week, (well if i had used money) ive got a A4 note pad stating where my entries are and my stop losses. Next week im going to tweak this method youve been so kind to provide us with and see how that compares to this week.

All ill be doing is setting my BUY level just slightly above the most highest Fractual within the range id be observing and the opposite for SELL being at the lowest fractual of the range, i wont plot these points until 1 hour before news is released on a 15 minute chart. My stop loss will be set at 10 pips away from my chosen entries weather that be a buy or a sell (meaning they will be within the range box rather than at resistance or support) and ill also have a trailing stop of 13 pips. ill post my charts from next week along with pictures of my trading journal and let you know how i get on.

Kindest Regards
Neil
  • #304
  • Jul 7, 2017 10:23am Jul 7, 2017 10:23am
Quoting Neil0163
{quote} Will do!! ill start uploading my charts from next week. Even with my losses i still ended up in profit this week, (well if i had used money) ive got a A4 note pad stating where my entries are and my stop losses. Next week im going to tweak this method youve been so kind to provide us with and see how that compares to this week. All ill be doing is setting my BUY level just slightly above the most highest Fractual within the range id be observing and the opposite for SELL being at the lowest fractual of the range, i wont plot these points...
So like for today with Aud/usd and Gold, how would those rules fair out, the system would be stopped out in both directions. Life!
Still go ahead as i really would like to see different point of views.

This is the shake out method that the market makers and big boys play, which is why i mentioned using h1/h4 for setting stoploss with the help of fractals- which represent recent support-buy or resistance-sell.
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  • #305
  • Jul 7, 2017 10:26am Jul 7, 2017 10:26am
Scalping, Medium term- long-term, strength trading and 123 reversal and continuation.
This represent all three threads in one system. Which is why i say it doesn't matter which way you choose as long as it is systematic and repetitive.
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  • #306
  • Jul 7, 2017 10:31am Jul 7, 2017 10:31am
This can be coded i just know...
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  • #307
  • Jul 7, 2017 10:33am Jul 7, 2017 10:33am
Quoting Neil0163
{quote} Will do!! ill start uploading my charts from next week. Even with my losses i still ended up in profit this week, (well if i had used money) ive got a A4 note pad stating where my entries are and my stop losses. Next week im going to tweak this method youve been so kind to provide us with and see how that compares to this week. All ill be doing is setting my BUY level just slightly above the most highest Fractual within the range id be observing and the opposite for SELL being at the lowest fractual of the range, i wont plot these points...

I also look forward to those charts Neil.
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  • #308
  • Edited 11:02am Jul 7, 2017 10:51am | Edited 11:02am
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So quite rightly we would have been stopped out like you said, the Buy was triggered and price rose too 20pips due to the news at 13:30 UK time, it then dropped now if we had a trailing stop of 13 pips we would have banked 7 pips (granted its not alot but like you said some traders only need 10 pips a day and too get 7 pips from 1 trade is good) i think this technique will work well when the news breaksout but the market comes back in to the same range as it does here, we still bank profit, as you can see a Sell was not triggered, now on USD/CAD price just drops and drops and drops this technique would still work as you know. I just found that today my trades that were triggered on the news where stopped out as price pulled back into the range, thats my reason for the trailing stop of 13 pips because even if price did what it did today upon news we still bank profit, using this technique today id have banked 40 pips despite two of my trades being stopped out, thats the reason for the trailing stop. The reason for my buy sell levels using fractuals i was finding that having a buffer of 10-15 pips wasnt really generating me that much pips on a reversal breakout trade (trade that breaks out then reverses against me) if i could find away to get into the trade earlier id be able to bank more pips with my trailing stop.
The reason for 1 hour before the news is because i found that the range is some what set in stone then and that there majority of the time wont be another fractual painted that is higher than the previous highest fractual or lower than the previous lowest fractual of the range.

Ive not fully tried this out like i said i was just thinking of different ways to which i could bank pips in situations like today where market broke out to both sides and then came back into a range, but also a method that would still work if market broke out to one side.

Please feel free to share your thoughts prince you have much more expirence than my self at trading ill give this a go on a demo account next week and see how i get on.

Sorry just to add on, where my chart says "BUY STOP" and "SELL STOP" these are my stop loss postions.

Kindest regards
Neil
  • #309
  • Jul 7, 2017 11:16am Jul 7, 2017 11:16am
This is Gold for you.
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  • #310
  • Jul 7, 2017 11:19am Jul 7, 2017 11:19am
Quoting Neil0163
{image} So quite rightly we would have been stopped out like you said, the Buy was triggered and price rose too 20pips due to the news at 13:30 UK time, it then dropped now if we had a trailing stop of 13 pips we would have banked 7 pips (granted its not alot but like you said some traders only need 10 pips a day and too get 7 pips from 1 trade is good) i think this technique will work well when the news breaksout but the market comes back in to the same range as it does here, we still bank profit, as you can see a Sell was not triggered, now on...
O.k. I Understand, sounds like you are on your way to finding out some secrets that have not been mentioned in public...Good stuff.
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  • #311
  • Jul 7, 2017 11:19am Jul 7, 2017 11:19am
Quoting PrinceJ58
This is Gold for you. {image}
Interesting, ill plot on Gold chart using my technique and post it up now and see how it turns out. give me 10 mins.
  • #312
  • Jul 7, 2017 11:30am Jul 7, 2017 11:30am
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Again stopped out however both buy and sell where triggered i had a sell which would give me 8 pips and a buy which gave me 25 pips 33 pips in total. Granted your method made more pips, but still 33 pips for one trade as we both know is really good.

Thoughts?

The thing im struggling with is when to trade gold and silver for breakout, the Red news is my trade indicator for that currency but what do i do or use to show me that gold and silver will potentially breakout.
  • #313
  • Jul 7, 2017 11:36am Jul 7, 2017 11:36am
Quoting Neil0163
{image} Again stopped out however both buy and sell where triggered i had a sell which would give me 8 pips and a buy which gave me 25 pips 33 pips in total. Granted your method made more pips, but still 33 pips for one trade as we both know is really good. Thoughts? The thing im struggling with is when to trade gold and silver for breakout, the Red news is my trade indicator for that currency but what do i do or use to show me that gold and silver will potentially breakout.
USD News and political affairs affect commodities-Gold,silver, copper, platinum and palladium.
CAD affects oil-Baker hughs etc etc
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  • #314
  • Jul 7, 2017 11:44am Jul 7, 2017 11:44am
Quoting PrinceJ58
{quote} USD News and political affairs affect commodities-Gold,silver, copper, platinum and palladium. CAD affects oil-Baker hughs etc etc
Learn something new everyday.
ill trial this tweaked method and see how it works out, the only problem i can see is like on the gold for example there is much more pips to be generated. maybe i can find a away to incorporate a rule for a re-entry?
  • #315
  • Jul 7, 2017 11:48am Jul 7, 2017 11:48am
Quoting Neil0163
{quote} Learn something new everyday. ill trial this tweaked method and see how it works out, the only problem i can see is like on the gold for example there is much more pips to be generated. maybe i can find a away to incorporate a rule for a re-entry?
Yes this would be awesome...
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  • #316
  • Jul 7, 2017 11:49am Jul 7, 2017 11:49am
Post all questions and comments i will reply when i can. Cheers to everyone.
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  • #317
  • Jul 8, 2017 9:52am Jul 8, 2017 9:52am
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Prince,
Ive been studying these charts and this is what ive come up with for a Re-entry, please let me know if you or anyone else following this thread can see any discrepnsies with this, i dont mind some one saying its a rubbish idea or a good idea but please give your reasons why so we can develop this method of trading. This only works when there is a clear trend, and the reason for this is just to squeeze an extra few pips from our breakout trade after we finally get stopped out using our 13 pip trial stop.

1.Ensure clear trend weather that be up or down, and check we where stopped out on a 13 pip trailing stop loss
2.Wait for price to pull to the 6 EMA line.
3.For sell enter when the next candle closes below 6 EMA after it was pulled back too the EMA(candle sticks should below the ema)
4.For buy is the opposite enter once price pulls to 6 EMA line and the next candle has closed above the 6 EMA
5 Exit will be once a candle closes above EMA on a sell, and below EMA on a buy.

Re-entry is also made a stronger confirmation if it sits on a support or resistance line

This is a re-entry method for my tweaked version of prince trade strategy please read that post before trying this.

Thankyou again to prince for sharing his method with us.

Kindest regards
Neil
  • #318
  • Jul 10, 2017 8:19pm Jul 10, 2017 8:19pm
Quoting Neil0163
{image}{image}{image}{image} Prince, Ive been studying these charts and this is what ive come up with for a Re-entry, please let me know if you or anyone else following this thread can see any discrepnsies with this, i dont mind some one saying its a rubbish idea or a good idea but please give your reasons why so we can develop this method of trading. This only works when there is a clear trend, and the reason for this is just to squeeze an extra few pips from our breakout trade after we finally get stopped out using our 13 pip trial stop. 1.Ensure...
Neil this is an interesting catch on this strategy, i would love to see how it plays out. You could check the 6 ema on higher time-frames too. I prefer 9 though.
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  • #319
  • Edited 3:44am Jul 11, 2017 3:24am | Edited 3:44am
Quoting PrinceJ58
{quote} Neil this is an interesting catch on this strategy, i would love to see how it plays out. You could check the 6 ema on higher time-frames too. I prefer 9 though.
Yeah its been interesting studying this method, waiting on the CAD news tomorrow to place my first lot of trades so ill see how it plays out!
I also noticed that you should only take a re-entry if there has been less than two pull backs anything more and the market seems to just try and sort itself out after the surge from the news.
  • #320
  • Jul 11, 2017 5:30am Jul 11, 2017 5:30am
Quoting Neil0163
{quote} Yeah its been interesting studying this method, waiting on the CAD news tomorrow to place my first lot of trades so ill see how it plays out! I also noticed that you should only take a re-entry if there has been less than two pull backs anything more and the market seems to just try and sort itself out after the surge from the news.
Good Stuff
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