5M Quarantine

I closed this trade for +48 pips... with these short termers I try to bank before the day is out and no over the weekend unless i got a runner in heavy profit where I can lock +100.


Trade well.

Weldone man!. I think stochastic will do a better job than macd for signal confirmation, checking for overbought and oversold at pullback

Thanks bud.
Ya I have never been a fan of stoch... I use Mac for my long term trading so it's already on my chart and honestly I don't use it as a major confirmation for this.
However you are more than welcome to offer a good one here for everyone to use, I got no problem with that.

Trade well.

Dear FxQB15
What indicator is your vertical dotted lines (red)?

It's Market session open and close.
For some reason I could not copy paste it when i did the other indies earlier. There should be some of them around the forum if you search for it.

Good thread, I like this style of trading. Here is a market sessions indicator.

Thanks and have a sunny weekend!

My favourites for next week: EU, EJ, UJ, UC

Performance built on this strategy?

EURUSD heading for an up week IMHO...............

Thanks Ozzi.

Trade well.

It's awesome to be prepared and ready already. The only thing I would say is that these pairs are pretty correlated and signals usually come simultaneously watch the load.

Do you know whats your direction on those?

Cool buddy.

I am selling that pair from what I see on current momentum.

EU = weak down
EJ = early up
UJ = expected up
UC = weak up
EG = early up

When daily candle closes each day after N.Y session's end, right there and then I do my analysis for the following day to know my direction for each and every 20pairs I trade. I have excel sheet where I keep notes and track.

I will share my predetermined Monday's direction for each pair in the next post. I do not trade 7 of all 28 pairs due to large spreads, any over 5 pips spread it's no no especially for short term trading.

Just another indication of daily basis and staying on the right side of the trade is looking at the daily candle as FXQB states and then marking the 50% of the candle. If I have an up candle I like to see price trade above the 50% mark, if it goes below the 50% mark I take that as a warning sign, especially when trading 5 or 1 min charts.

On my charts I have the Asian session up to Frankfurt session blocked off in green so I can see the high and low before London opens.

Good post ozzie.
One question.. if you have a buy signal but it forms under 50% mark, you will reject it?

Ok, the post I promised... here is my pick on 21 major pairs to SELL or BUY on Monday first day of trading week.
I should tell you guys right off the bat that I avoid too much analysis folks, bcz too much of it does nothing but to fall into Paralysis. Once you fall into that it's like opening a can of worms... second guessing, gun shy and getting too wise for yourself have got you crippled now. So, since moons ago I keep it simple, for most part, when I see one full strong body Daily candle it is enough of a data for me to go for the kill in that direction, that is it. If I see a Spinners or multiple of them in order, I simply sit out on that pair… if I see pin bar or doji depending on its location I make a call or not. Every day between 20-28 major pairs you will have more than enough dose of obvious ones that you can take action on... no need to beat up yourself for hours to decide on each and every pair or take action on. Keep it simple guys.

Need to know lingo;

S = SELL… meaning I will only go SHORT on that pair. Eg,(EUR/USD… B = BUY = EUR to go bullish for me to profit)
B = BUY… meaning I will only go LONG on that pair.
SS = SELL SELL… meaning I am hot on this pair, feeling strong to go nothing but SHORT as soon as I got a signal.
BB = BUY BUY… meaning I am hot on this pair... feeling strong to go nothing but LONG as soon as I got a signal. (like Jim Crammers SELL SELL SELL, lol)
U = Undecided… meaning I cannot decided on a given direction therefore I pass.

I watchdog 21 pairs, I avoid the other seven due to high spread.

1. EUR/USD = SS
2. GBP/USD = SS
3. USD/JPY = BB
4. USD/CHF = B
5. AUD/USD = SS
6. CAD/USD = U
7. NZD/USD = SS
8. EUR/GBP = S
9. EUR/JPY = B
10. GBP/JPY = S
11. CHF/JPY = U
12. AUD/JPY = S
13. CAD/JPY = B
14. NZD/JPY = S
15. EUR/CHF = SS
16. AUD/CHF = S
17. AUS/CAD = SS
18. EUR/CAD = S
19. CAD/CHF = S
20. GBP/CHF = S
21. AUD/NZD = SS

Let’s get after it.

Share yours if you like.


Trade well.