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Journey to Consistent Profits using my 3 Adopted Systems

  • #21
  • Edited 1:15pm Sep 8, 2019 10:43am | Edited 1:15pm
Quoting ranilo.vince
So, to start with: Here's my eight (8) trading opportunities using Crypto's Low Hanging Fruit Strategy: My approach on this is to place SL above/below 61 zone and to target PP or maybe 38 zone will be max(but the SL should be set to BE already) Short AU & AJ {image} {image} Long EC, EA and EN {image}{image}{image} Short NJ & NU {image}{image} Long on UC {image} That's it.. Happy weekend to all!
Thanks for the mention (and the sudden flood of messages ).

The "low hanging fruit" is essentially a swing failure from a previous late week markup/markdown.
If price is extended late into the previous week then I look for 38-61 level failures in the new week.

EDIT: My approach on TP can be one of three targets depending how PA looks:
1) when price has reached .618-.5 via Fibonacci retracement from latest swing high/low.
2) when price has returned to weekly pivot (mean reversion) or
3) when price has reached opposite levels of .618-100


Important Market Structure Pattern (with pivots overlay):

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Examples:

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Trade with confidence, trade without fear.
  • #22
  • Sep 8, 2019 5:25pm Sep 8, 2019 5:25pm
@ ranilo.vince ....this is a very solid way to analyze the market...only thing is patience can get in the way lol. SUBSCRIBED!!
  • #23
  • Sep 9, 2019 1:02am Sep 9, 2019 1:02am
Quoting Swede
@ ranilo.vince ....this is a very solid way to analyze the market...only thing is patience can get in the way lol. SUBSCRIBED!!
Thanks Swede!

If you want to succeed in this business, you will need to have a looooottt of PATIENCE...
We're not here to be right, we're here to Profit Consistently!
  • #24
  • Sep 9, 2019 1:03am Sep 9, 2019 1:03am
Quoting Cryptosurf
{quote} Thanks for the mention (and the sudden flood of messages ). The "low hanging fruit" is essentially a swing failure from a previous late week markup/markdown. If price is extended late into the previous week then I look for 38-61 level failures in the new week. EDIT: My approach on TP can be one of three targets depending how PA looks: 1) when price has reached .618-.5 via Fibonacci retracement from latest swing high/low. 2) when price has returned to weekly pivot (mean reversion) or 3) when price has reached opposite levels...
Thanks Crypto for dropping in and for the additional info...

Much appreciated!

Good luck to us and may you have more good trades!
We're not here to be right, we're here to Profit Consistently!
  • #25
  • Sep 9, 2019 6:13am Sep 9, 2019 6:13am
If I could pick one thing that have had major impact on my trading it was multiple positions entries. Coupling this with strategy where there was a proven edge really kicked my trading to another level.
  • #26
  • Sep 9, 2019 8:43am Sep 9, 2019 8:43am
Quoting tommiho
If I could pick one thing that have had major impact on my trading it was multiple positions entries. Coupling this with strategy where there was a proven edge really kicked my trading to another level.
That's great to know! Good luck and more pips to come!
We're not here to be right, we're here to Profit Consistently!
  • #27
  • Sep 9, 2019 11:06am Sep 9, 2019 11:06am
Quoting ranilo.vince
{quote} That's great to know! Good luck and more pips to come!
Thanks!
But word of caution and speaking from the experience, using small lots can get out of hand at times, abused it a bit sometimes and that got me in to trouble.
And while I'm talking here, the key component of successful trade imho is so many times mentioned patience.
Green pips to you all!
  • #28
  • Sep 9, 2019 11:14am Sep 9, 2019 11:14am
Quoting tommiho
{quote} Thanks! But word of caution and speaking from the experience, using small lots can get out of hand at times, abused it a bit sometimes and that got me in to trouble. And while I'm talking here, the key component of successful trade imho is so many times mentioned patience. Green pips to you all!
I agree with your sentiments on small lots. As a rule I’ll usually limit myself to around 5 max per pair. Never trade more then 50% margin and only trade using 25% total of total account balance.

And yes patience is the most important aspect.
Trade with confidence, trade without fear.
  • #29
  • Sep 9, 2019 8:59pm Sep 9, 2019 8:59pm
Same here, I rarely do more than 5 entries per pair and limit it to 3% on any pair.

Sometimes when I see people making about 20 entries per pair right after the other I think they are perhaps just trying to feel good about getting a large number of pips on their 'pipsometer'! Am not trying to criticize anyone's trading though, its probably just that I don't like making late entries to chase an extra few pips and also I could never get any of those 'close all trades' scripts working on my MT4 which would make it easier to close so many entries - I think that might be something to do with my broker though ....

Other things I did to try and improve my trading are;
1) I try to only take what Davit calls 'A' trades
2) I don't take correlated trades on different pairs I just trade the pair I think will move the most pips
3) When starting a new week I will take note of how high a pivot it ended the previous week on i.e. if it turned on at R100 on Friday I will still take note of that even if the new week only starts on e.g. R61 and will mentally 'weight' it higher than R61 for the first day or so. i.e. I will treat the PA as flowing a bit more from Friday to Monday, not just a totally hard reset on Sunday.
  • #30
  • Sep 10, 2019 1:52am Sep 10, 2019 1:52am
Finally, a thread has been started using primarily low hanging fruit and davit pivot strategy!! Subscribed
  • #31
  • Sep 10, 2019 2:03am Sep 10, 2019 2:03am
USDCAD look interesting, price rejected 61.8 and forming a swing failure at S38 this week.
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  • #32
  • Sep 10, 2019 3:12am Sep 10, 2019 3:12am
Quoting ranilo.vince
Good day traders! Here's another 8 trading opportunities we have for this week using the Piercing 30 SMA on 4H charts: Long on these 6 pairs - EU, UJ, AC, FJ, EJ, & NC : {image}{image}{image}{image}{image}{image} Short on these 2 pairs - AN & GN : {image}{image} Please take note that I am usually setting 3 orders for this strategy to have a 1:3 risk-reward ratio but this time I may just go to 1:1 and set my goal to TP1 because the trend is just starting to turn on the opposite side of the weekly chart...
Okay guys! Regarding the Piercing/Consistent 30 SMA, out of 8 plays, I got 3 trades open/triggered.

Adjusted my SL and TP on EJ buy as you can see but same entry: Coz we can still tighten SL, so I moved it together with TP.
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UJ long also got triggered now..
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GN short got triggered but still negative, I also moved SL on top of swing high to be safe coz these GBP pairs seems to move around first before going to real direction. Added one on sell entry too just coz I think it's in a good spot.
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We're not here to be right, we're here to Profit Consistently!
  • #33
  • Sep 10, 2019 3:16am Sep 10, 2019 3:16am
Quoting ranilo.vince
So, to start with: Here's my eight (8) trading opportunities using Crypto's Low Hanging Fruit Strategy: My approach on this is to place SL above/below 61 zone and to target PP or maybe 38 zone will be max(but the SL should be set to BE already) Short AU & AJ {image} {image} Long EC, EA and EN {image}{image}{image} Short NJ & NU {image}{image} Long on UC {image} That's it.. Happy weekend to all!
And now for the 8 pairs where I entered manually, we are all in positive territory for Crypto's Low Hanging Fruit..

I believe I don't need how to tell you how you manage your trades, I will manage mine as well on my own disgresion.
Just make sure you protect your profits and minimize your risk!
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We're not here to be right, we're here to Profit Consistently!
  • #34
  • Sep 10, 2019 3:57am Sep 10, 2019 3:57am
Quoting ranilo.vince
{quote} Okay guys! Regarding the Piercing/Consistent 30 SMA, out of 8 plays, I got 3 trades open/triggered. Adjusted my SL and TP on EJ buy as you can see but same entry: Coz we can still tighten SL, so I moved it together with TP. {image} UJ long also got triggered now.. {image} GN short got triggered but still negative, I also moved SL on top of swing high to be safe coz these GBP pairs seems to move around first before going to real direction. Added one on sell entry too just coz I think it's in a good spot. {image}
Hi vince, this new tread feels fresh and I want to ask you that can I post argument based on your trades. Since I agree with your 1st post I replied as the 1st person.
Your 3 strategies are par with my strategies and Im seeing the market in another way by combining david.
I agree with EJ and UJ and I got nice entries already, but about GN ?

All other Hanging Fruits fine to me and going to drop the fruit soon.
Attached Image
"Don't Predict, Do react"
  • #35
  • Sep 10, 2019 5:42am Sep 10, 2019 5:42am
Quoting belie
{quote} Hi vince, this new tread feels fresh and I want to ask you that can I post argument based on your trades. Since I agree with your 1st post I replied as the 1st person. Your 3 strategies are par with my strategies and Im seeing the market in another way by combining david. I agree with EJ and UJ and I got nice entries already, but about GN ? All other Hanging Fruits fine to me and going to drop the fruit soon. {image}
Hello Belie,

GN was triggered using another approach and not the low hanging fruit that is why it has a different parameters and if you will notice my template for that is different.

It was originally based on this system that's why there's no pivot on it -
https://www.forexfactory.com/showthread.php?t=691864
We're not here to be right, we're here to Profit Consistently!
  • #36
  • Sep 10, 2019 6:01am Sep 10, 2019 6:01am
Subscribed. Well explained
  • #37
  • Sep 10, 2019 6:35am Sep 10, 2019 6:35am
Quoting ranilo.vince
{quote} Hello Belie, GN was triggered using another approach and not the low hanging fruit that is why it has a different parameters and if you will notice my template for that is different. It was originally based on this system that's why there's no pivot on it - https://www.forexfactory.com/showthread.php?t=691864
yes bro. Absolutely correct and understood. I know that you have explained 3 types of strategies in your 1st post and those are matching to daily market conditions not only pivots.
what I was telling is that GN has no selling power but in a triangle according to my strategy. anyway lets see.
"Don't Predict, Do react"
  • #38
  • Sep 10, 2019 8:49am Sep 10, 2019 8:49am
Quoting Cryptosurf
{quote} Thanks for the mention (and the sudden flood of messages ). The "low hanging fruit" is essentially a swing failure from a previous late week markup/markdown....
How do you handle the fundamental factors with the market structure or the low hanging fruit?

thanks and regards...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #39
  • Sep 10, 2019 9:46am Sep 10, 2019 9:46am
Quoting v2vboni
{quote} How do you handle the fundamental factors with the market structure or the low hanging fruit? thanks and regards...
Im primarily looking for swing failures/mean reversions. From experience at looking at PA (on W D and 4H) what can happen is typically one of three things.

A) Pattern failure on news release
B) Pattern failure with price continuation
C) Pattern confirmed

Attached Image (click to enlarge)
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Im not sure if that answers your question. Most of the successful trades I take have been ones outside of any pending news release, or after.
Trade with confidence, trade without fear.
  • #40
  • Sep 10, 2019 9:50am Sep 10, 2019 9:50am
I wonder what happened with your previous thread in wich you tried similar combination of trading system.

The other who post Market Cycles picture have no ideea about what this trading technique is. Probable he feel himself interesting posting such things.
It's ridiculous to talk about things you do not understand.

I do not know trade Elliot Waves at all but talking about Elliot Waves just to induce the ideea that I know this trading technique, would be ridiculous.

Guess what, finally this thread will get the same result as previous. Aand guess what, my thread about moving averages will get the same result over time. Being excited about some trades wich work does not mean you will get profitable in the long run.

Combining different trading techniques with the purpose to cumulate their winrate percentage is a terrible ideea. It's the same with combining many indicators and stalking their arrows for buy/sell. As long as one does not understand Market Concepts and how the price move and construct through different timeframes, he will remain in the zone of those wich are more gambling than trading.

And again I ask you, what make you consider me and the other two are profitable traders ? Do you have any proof ?
Money moves the market, not an indicator.
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