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My trading journal for "How to beat the market maker.." system

  • #41
  • Apr 29, 2021 7:43am Apr 29, 2021 7:43am
What do you think of USDCAD? Seems to be in a good area....no?
  • #42
  • Apr 29, 2021 7:53am Apr 29, 2021 7:53am
Quoting gf233
What do you think of USDCAD? Seems to be in a good area....no?
Yes. USDCAD is getting ready to complete a crack and snap and a W formation. I am thinking that entering a BUY in area 1 would be aggressive versus entering a BUY in area 2 or 3 is a bit more conservative. (After a good bullish confirmation only - could be a bullish Marubozu like candle or a bullish engulfing pattern or
a multi candle formation like a W or inverted head and shoulders pattern)

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  • #43
  • Apr 29, 2021 8:28am Apr 29, 2021 8:28am
Thanks and congratulations for the excellent analysis. I follow you because you are very prepared, so I understand if I am on the right path to find the correct trading zones.
  • #44
  • Apr 29, 2021 8:34am Apr 29, 2021 8:34am
Quoting gf233
Thanks and congratulations for the excellent analysis. I follow you because you are very prepared, so I understand if I am on the right path to find the correct trading zones.
Thank you for the kind words and support. I have been following this system for about an year now and went back and forth a couple of times. Earlier, demo trading worked really well with this system. Lately i have been experimenting with TL's at 75, 60, 45 and 30 degrees and this seems to work well across stocks and forex markets. I am currently using both on the charts - as you can tell.

Thanks again to Newbie2014 for sharing the charts and comments in his thread.

Please note: There will be some losing trades no matter what we do. Following good money and trade management practices is crucial for success in the long term.

Green pips!!!
  • #45
  • Apr 29, 2021 8:45am Apr 29, 2021 8:45am
The accuracy of the Newbie2014 trades are truly incredible, congratulations to him because he is really great.
The hardest part in my opinion is the confirmation to be able to enter the trade, I am not very clear on the entry patterns...
  • #46
  • Edited 9:32am Apr 29, 2021 8:52am | Edited 9:32am
Quoting gf233
The accuracy of the Newbie2014 trades are truly incredible, congratulations to him because he is really great. The hardest part in my opinion is the confirmation to be able to enter the trade, I am not very clear on the entry patterns...
I agree. Newbie2014 is very accurate in his analysis and trading. I am currently using the following for trade entry confirmation:

1. Completion of a strong, clear M or W formation (engulfing / head and shoulder / Marubozu formation is even better)
2. Crack and snap from a fresh, strong zone
3. Clear break of the main TL
4. Ensure that the distance to next S/R level or zone is at least 35 to 40+ pips so that the SL can be moved to BE when price reaches that area.

We might find more as we continue to trade and learn.
  • #47
  • Apr 29, 2021 9:05am Apr 29, 2021 9:05am
AUDJPY SELL (Entered a partial position. Plan on entering more once price retraces back and gets rejected)

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EURJPY SELL: (Waiting for price to show weakness in the "RED" area)

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  • #48
  • Apr 29, 2021 9:37am Apr 29, 2021 9:37am
Watching GBPJPY for a SELL (looking for weakness in the "RED" area):

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  • #49
  • Apr 29, 2021 7:09pm Apr 29, 2021 7:09pm
Added to the AUDJPY SELL trade (after retrace, retest and reject):

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  • #50
  • Apr 29, 2021 7:16pm Apr 29, 2021 7:16pm
EURJPY SELL (partial entry)

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  • #51
  • Apr 29, 2021 7:56pm Apr 29, 2021 7:56pm
GBPJPY SELL:

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  • #52
  • Apr 30, 2021 7:11am Apr 30, 2021 7:11am
Update on the trades from earlier:

NZDUSD SELL:
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NZDJPY SELL:

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GBPJPY SELL:
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EURJPY SELL:
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  • #53
  • Apr 30, 2021 8:28am Apr 30, 2021 8:28am
Closed all trades before weekend for profit: (Can reload on Monday if retracement happens)

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9% profit for the week

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  • #54
  • Apr 30, 2021 9:04am Apr 30, 2021 9:04am
I also closed all trades, congratulations on your trades.
  • #55
  • Apr 30, 2021 9:07am Apr 30, 2021 9:07am
Quoting gf233
I also closed all trades, congratulations on your trades.
Thank you and congratulations to you. I look forward to continuing the winning streak - next week.

Green pips!!!
  • #56
  • Apr 30, 2021 9:13am Apr 30, 2021 9:13am
I’m looking forward to starting next week, too.
Finally they start to see good results!
  • #57
  • Apr 30, 2021 9:15am Apr 30, 2021 9:15am
[quote = Smmtrader; 13518680] {quote} Grazie e complimenti a te. Non vedo l'ora di continuare la serie di vittorie - la prossima settimana. Semi verdi !!! [/ quote]

USDCAD and CADJPY on the checklist, you too?
  • #58
  • Apr 30, 2021 9:26am Apr 30, 2021 9:26am
Quoting gf233
[quote = Smmtrader; 13518680] {quote} Grazie e complimenti a te. Non vedo l'ora di continuare la serie di vittorie - la prossima settimana. Semi verdi !!! [/ quote] USDCAD and CADJPY on the checklist, you too?
I am watching the following for next week (in addition to reloading any of the trades i closed earlier - if they retrace and show a strong rejection):

USDCAD BUY
AUDCAD BUY
EURCAD BUY
CADJPY SELL
  • #59
  • Apr 30, 2021 10:57pm Apr 30, 2021 10:57pm
[quote = Smmtrader; 13518712] {quote} Sto guardando quanto segue per la prossima settimana (oltre a ricaricare le operazioni che ho chiuso prima - se ripercorrono e mostrano un forte rifiuto): USDCAD ACQUISTA AUDCAD ACQUISTA EURCAD ACQUISTA CADJPY VENDI [ /citazione]

AUDCAD has punctured the area, isn’t it invalidated?

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  • #60
  • Edited 12:23pm May 1, 2021 7:34am | Edited 12:23pm
Quoting gf233
[quote = Smmtrader; 13518712] {quote} Sto guardando quanto segue per la prossima settimana (oltre a ricaricare le operazioni che ho chiuso prima - se ripercorrono e mostrano un forte rifiuto): USDCAD ACQUISTA AUDCAD ACQUISTA EURCAD ACQUISTA CADJPY VENDI [ /citazione] AUDCAD has punctured the area, isn’t it invalidated? {image}
In the past, i had noticed that in some instances - even if the strong fresh demand zone is punctured, price could reverse. Due to this i retained AUDCAD in the list.

Example for GBPJPY:

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Also, back in 2020 December (on the 7th), i noticed a strong fresh demand zone that AUDCAD is currently doing a crack and snap on.

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