Attachments: V Pattern (Enjoy Your Sell)

V Pattern (Enjoy Your Sell)

#1,401
Jun 27, 2022 11:18am Jun 27, 2022 11:18am

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Quoting Jolita

Disliked

If this is valid Vp confirmation, then oh dear, many doors will unlock. DXi weekly {image}

Ignored

26 days later and Yes! We are getting on a roller-coaster ride, look at this beast, starting to loose power.

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#1,402
Jun 27, 2022 5:44pm Jun 27, 2022 5:44pm

jnfer
| Joined Mar 2012 | Status: Trader | 113 Posts

is this the right way to trade it?

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#1,403
Jun 27, 2022 8:14pm Jun 27, 2022 8:14pm

messi79
| Joined Aug 2021 | Status: Trader | 6 Posts

Quoting jnfer

Disliked

is this the right way to trade it? {image}

Ignored

Looks correct

#1,404
Jun 29, 2022 9:19am Jun 29, 2022 9:19am

menek
| Joined May 2016 | Status: Trader | 206 Posts

happening now

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#1,405
Jun 29, 2022 10:28am Jun 29, 2022 10:28am

messi79
| Joined Aug 2021 | Status: Trader | 6 Posts

Quoting menek

Disliked

happening now {image} {image}

Ignored

I'm on euraud sell as well since Monday and it's been ranging there, let's see if it will work.

#1,406
Jun 29, 2022 3:08pm Jun 29, 2022 3:08pm

menek
| Joined May 2016 | Status: Trader | 206 Posts

in profit

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#1,407
Jun 30, 2022 1:19am Jun 30, 2022 1:19am

fxsyuk
| Joined Aug 2011 | Status: EASyuk | 163 Posts

Quoting jnfer

Disliked

is this the right way to trade it? {image}

Ignored

Perfect

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#1,408
Jun 30, 2022 5:57am Jun 30, 2022 5:57am

Lawnman
| Joined Feb 2017 | Status: Trader | 790 Posts

Quoting messi79

Disliked

{quote} I'm on euraud sell as well since Monday and it's been ranging there, let's see if it will work.

Ignored

Same here, it's dropping nicely now.

Wow! I've got some experience to gain.

#1,409
Jul 1, 2022 2:10am Jul 1, 2022 2:10am

menek
| Joined May 2016 | Status: Trader | 206 Posts

How is back test done? I want to back test the strategy. Can someone describe how to back test a strategy?

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#1,410
Jul 1, 2022 7:05am Jul 1, 2022 7:05am

arunthegreat
| Joined Feb 2012 | Status: Trader | 213 Posts

USDJPY DAILY

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Arun

#1,411
Jul 1, 2022 7:53am Jul 1, 2022 7:53am

DonTrading
| Joined May 2020 | Status: Trader | 22 Posts

Quoting menek

Disliked

How is back test done? I want to back test the strategy. Can someone describe how to back test a strategy? {image}

Ignored

Identify what setup resonates with you and is easy for you to see on the charts. Study those setups and build a trade plan around it that specifies your rules, entry criteria, a step-by-step checklist of what needs to happen before you execute a trade (price action pattern, session, risk, etc).

Once you have these in place, go back over the historical data on 1 pair at a time and when the conditions for taking your trade setup are met, you enter the trade simulation and the outcome will either have been win, loss, or breakeven. The simpler you make it the easier it will be for you to repeat the process over and over again, reducing the variables and guess-work and instead making your process black and white and less emotional.

Do this over a 100 trades that way you can see how many out of 100 trades the percentage of win/loss ratio. With good risk management you can lose more than win and still be profitable in the long run. There are plenty of ways to back test, I hope this helps.

#1,412
Jul 2, 2022 12:24am Jul 2, 2022 12:24am

menek
| Joined May 2016 | Status: Trader | 206 Posts

Quoting DonTrading

Disliked

{quote} Identify what setup resonates with you and is easy for you to see on the charts. Study those setups and build a trade plan around it that specifies your rules, entry criteria, a step-by-step checklist of what needs to happen before you execute a trade (price action pattern, session, risk, etc). Once you have these in place, go back over the historical data on 1 pair at a time and when the conditions for taking your trade setup are met, you enter the trade simulation and the outcome will either have been win, loss, or breakeven. The simpler...

Ignored

Thanks though my broker data is limited

#1,413
Edited 4:55am Jul 6, 2022 4:41am | Edited 4:55am

DonTrading
| Joined May 2020 | Status: Trader | 22 Posts

Possible 'A' setup for a Long trade. GU has moved bearish 3x ADR, completing a market maker cycle and should now be building out the Peak Formation Low. There's been a false move to the low with one day of drop, Tuesday trapping trades at the Low of The Week. So, I anticipate a mid-week reversal weekly template with a bullish move either Wed/Thu this week to take out the lower highs... we shall see.

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