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Rules based system that is profitable on GBPUSD and EURJPY

  • #41
  • Jun 14, 2020 2:21pm Jun 14, 2020 2:21pm
Quoting mkvy
{quote} No, i would not go near a 15 minute chart
It is just an idea as I was testing the system especially in a Trading Range (to switch to a lower time-frame). Otherwise it can also work on H1.
  • #42
  • Jun 14, 2020 3:24pm Jun 14, 2020 3:24pm
i agree with your strategy baseline and the 200 (i was using a 100) TP cause i do to use these 2 EMA's and the EJ is forecast to hit the 116 area...i also like that idea of removing the candles...i will try that this week LOL, i did have a EA created with these EMA's but i have a pip distance in place to ensure the EMA trend change is valid, but as you stated earlier, EA's don't always works as they are programmed, so i am back to trading manually, but i haven't given up just yet on EA's constantly testing and tweaking, plus the right broker matters when it comes to EA's
  • #43
  • Jun 14, 2020 4:52pm Jun 14, 2020 4:52pm
Quoting pantherrilla
i agree with your strategy baseline and the 200 (i was using a 100) TP cause i do to use these 2 EMA's and the EJ is forecast to hit the 116 area...i also like that idea of removing the candles...i will try that this week LOL, i did have a EA created with these EMA's but i have a pip distance in place to ensure the EMA trend change is valid, but as you stated earlier, EA's don't always works as they are programmed, so i am back to trading manually, but i haven't given up just yet on EA's constantly testing and tweaking, plus the right broker matters...
Yeah, i dont like EA's as i dont like leaving a computer on for 5 days solid... Checking a few times a day with a phone is perfect as most crosses have a few days to up to 11 days to get an opposite cross... also being late to a crossover can also be favorable as the price can come back towards it
  • #44
  • Jun 14, 2020 5:18pm Jun 14, 2020 5:18pm
Im putting TP targets just at those trendlines, that would be a reasonable TP, about 600 pips in total, GBPUSD and EURJPY
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  • #45
  • Jun 14, 2020 5:38pm Jun 14, 2020 5:38pm
nice, whatever is working for you, that's all that matters in this world
  • #46
  • Jun 15, 2020 2:53am Jun 15, 2020 2:53am
i TP manually GBPUSD..but my red trendline had shifted due to changing timeframes... so not quite right.. 160 pips profit... waiting for a cross up now GBPUSD
  • #47
  • Jun 15, 2020 4:05am Jun 15, 2020 4:05am
EURJPY iintelligent stoploss adjusted to 25 pips in profit if price rises
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  • #48
  • Edited 9:37am Jun 15, 2020 9:13am | Edited 9:37am
Monitoring GBPUSD for cross up, may happen today, may continue down and not Cross. Im happy with my profit... See what happens with EURJPY...
  • #49
  • Jun 15, 2020 9:26am Jun 15, 2020 9:26am
yeah ic and i thought GU was gonna continue the downtrend this week, but the dollar weakness n COVID may change the original outlook
  • #50
  • Jun 15, 2020 9:36am Jun 15, 2020 9:36am
once the 1.265 is broken, it's official, cause EMA cross is complete and almost thru the ichimoku cloud
  • #51
  • Jun 15, 2020 11:39am Jun 15, 2020 11:39am
Adjusting stoploss EURJPY 100 pips guaranteed if it breaks up
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  • #52
  • Jun 15, 2020 11:57am Jun 15, 2020 11:57am
Quoting pantherrilla
once the 1.265 is broken, it's official, cause EMA cross is complete and almost thru the ichimoku cloud
It would be great to see it go up and cross tonight in calm conditions.. That would be a great Buy. But its not happened yet. Its 50:50.. could easily continue downwards more
  • #53
  • Jun 15, 2020 12:01pm Jun 15, 2020 12:01pm
it's happening, just got the signal on the H4 and the ichimoku sell cloud is shrinking more n more, but your right still 50/50, u know how the U.S. do, it's not official until the 1.265 is broken
  • #54
  • Jun 15, 2020 12:21pm Jun 15, 2020 12:21pm
Quoting pantherrilla
it's happening, just got the signal on the H4 and the ichimoku sell cloud is shrinking more n more, but your right still 50/50, u know how the U.S. do, it's not official until the 1.265 is broken
why is 1.265 so important?
Oh yeah, i see what you mean.. structural break... Its a good confirmation, but i dont place trades based on horizontal breaks of resistance/support
  • #55
  • Jun 15, 2020 12:24pm Jun 15, 2020 12:24pm
because that was the previous high, those gold lines are my entry SL and tp targets, if u look u see price bounces of these trend reversals usually happens on the blue lines but i focus on the gold price action levels cause they always hit
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  • #56
  • Jun 15, 2020 12:58pm Jun 15, 2020 12:58pm
Closed Both GPBUSD this morning, and EURJPY just now... total 270 pips..
Now a waiting game
  • #57
  • Jun 15, 2020 1:22pm Jun 15, 2020 1:22pm
nice...i'm in early ...only because i got the H4 signal, plus with the pre-market news from the stock side concerning the sell-off, told me that the dollar was gonna be weak due to the new covid cases..even if it does reverse back i can still grab 100-200 pips. also if the bullish trend is confirmed tomorrow ...my target is 1.3
  • #58
  • Jun 15, 2020 3:08pm Jun 15, 2020 3:08pm
EURJPY looks like it may cross in another hour, then waiting for a confirmed cross an hour after that... if that happens im buying
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  • #59
  • Jun 15, 2020 3:25pm Jun 15, 2020 3:25pm
We have contact... ALERT EURJPY.. waiting for confirmation in 36 minutes
  • #60
  • Jun 15, 2020 4:20pm Jun 15, 2020 4:20pm
I created an account so i don't have to keep postings
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