EURUSD Only

i am able to trade big lot because on the left side, price is below 200 sma on all time frames

only h4 macd says be careful below 775

As expected

Booked
Now price should be sideways

I hope I have been able to teach with example

With this data price should go up very fast

But I will wait for technical

See how easy it is to trade eurusd

when price moves fast , consolidation can take the rest of the week

Well my original target 730 was met

Hi All,

This is my EURUSD 1 Apr 2024 W14 – Intraday Analysis – US PMI (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

price bearish

lets see what this tiny change in code will do

yesterday also macd & rsi gave the trade

today also the same setup worked

compare h1 & h4 macd and find the best place to short again

Hello new to the thread. Would greatly appreciate your system and how it works and indicators to download and configure.

My real simple system

Bb 20
RSI 14
SMA 200

You do not need anything else

You have share what is on your chart, but how you use it?
Please share also money management, without that it make no sense.

Thanks.

First concept

Go to the forex calendar and see what evens can move the price
Because if the price does not move what will you trade

Second concept
Understand the economies of the two countries you are trading

Third concept
Use the 30 minutes chart I shared below
RSI above 50 level is bullish
RSI below 50 level is bearish

So, once again, my trading system has completed its profitable cycle as designed.
New all time high account balance / net equity achieved today for all my live accounts combined.
During the 139.8 pip EUR/USD bearish trend since Tuesday, last week, down from 1.08645 to 1.07247 this morning, I kept adding to my underwater long positions on the way down, per my system, with no less than 10 pips apart, each additional position larger than the last.
I ended up with 10 long positions. Then, at the bottom of 1.07247, my average of +10 pips TP for longs was only 44.1 pips away at 1.07688. We ended up getting 54.6 pips retrace today, back up to 1.07793, so plenty of room to spare.
During the dump, I also opened 1 short position at a time with 10 pips TP. Sometimes, during the bullish spikes along the way, I managed to get 2 or 3 shorts in position, cashing out for an average of 10 pips each on the way back down. It would had obviously worked better just adding to the winning short positions and riding it all the way down, but the thing is, you never know when it's going to bounce. So, I had better peace of mind to just set a 10 pip TP, then keep opening another one, etc.
When it did bounce off of 1.07247, that last short position went into drawdown, so I started adding more shorts to it, with no less than 10 pips apart. At the top of today's bullish action at 1.07793, my average of +10 pips TP for 4 short positions was only 29.3 pips away at 1.07500, which has yet to be triggered, very likely within a day from now, or at least sometime this week.
So, a beautiful payday for me today so far!
However, because of so much drawdown, and averaging out with larger positions, the smallest positions (especially demo accounts) ended up taking losses.
But that's all part of the plan. This way, the largest positions are exposed to the least risk of loss, and end up taking the largest piece of the cake. They are the ones that I expect to keep upgrading to higher levels over time.
Currently, I have 1 long and 4 short positions in place, ready for the next cycle, large or small.
I can't say if this system would work as well with other Forex pairs.
It usually works pretty good for EUR/USD because of its tendency to consolidate and go sideways a lot and balance itself out after every breakout.
My goal for completing level 3 of my system on any one of my accounts has now been moved to the end of April, which seems fairly likely to be achieved. Maybe the goal should be more like achieving 1 new level every 2 months instead of every month, which would be good enough.

Current progress so far:

11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
5 Level 1 (Demo) accounts started with $100k.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.

Current Net Equity results from best to worst:

Level 3 Live $400 to $800:
#1 Level 3 = $585.63 (+46.41%) (30 trading days)
#4 Level 3 = $518.48 (+29.62%) (26 trading days)
#2 Level 3 = $505.03 (+26.26%) (26 trading days)
#3 Level 3 = $467.37 (+16.84%) (26 trading days)

Level 2 Live $100 to $200:
#10 Level 2 = $160.70 (+60.70%) (39 trading days)
#5 Level 2 = $149.18 (+49.18%) (55 trading days)
#9 Level 2 = $122.91 (+22.91%) (42 trading days)
#7 Level 2 = $120.78 (+20.78%) (54 trading days)
#3 Level 2 = $89.78 (-10.22%) (57 trading days)
#6 Level 2 = $73.90 (-26.10%) (54 trading days)
#11 Level 2 = $47.75 (-52.25%) (36 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,841.51
Profit +$941.51 (+49.55%)
(36-65 trading days)

Level 1 Demo $100k to $200k:
#14 Level 1 = $151,513 (+51.51%) (18 trading days)
#16 Level 1 = $105,825 (+5.82%) (18 trading days)
#12 Level 1 = $81,772 (-18.23%) (20 trading days)
#13 Level 1 = $72,460 (-27.54%) (19 trading days)
#15 Level 1 = $36,752 (-63.25%) (18 trading days)

Combined results for demo accounts:
Deposit = $500,000
Net Equity = $448,322
Profit -$51,678 (-10.34%) (18-20 trading days)

Overall equivalent results of 16 Total (Demo + Live) accounts combined:
Deposit = $1,600,000
Net Equity = $4,054,832
Profit +$2,454,832 (+153.43%)
(18-90 trading days)

Average 51.3125 trading days per account (16 Demo + Live accounts combined):
Average +1.83% ROI per trading day (+9.49% per week, +48.14% per month) compounded.

Your risk management is defined by how much negative your account can handle before becoming zero

If your trade decision is wrong

like on this chart

1. rsi is above 50
2. macd is pointing up
3. we reached weekly piot S05 after drop to S15
4. but macd is still below zero line to overall bearish

this should be your first page before going to charts for deciding your next trade

without them, price will not move and arse gets red from excessive scratching when price is not moving