FXD Harvesting Strategy

AUDCAD

Let's start with this, however, I'll be covering all the pairs on my list one by one, and if it tallies with the virtual account, I'll compare to identify the mistakes that have been avoided.

Also, I forgot to mention that SMA's are Smoothed, not Simple

Monthly TF - at a glance, SMAs are pointing down in order 34, 55, & 200, hence I'm only interested in a Lower High on the Weekly TF. Note: The moves that have happened are in the past; there's always SOMO (sadness of missing out), and it does no good. At any point, we don't have to overthink or speculate; our job is to just note the obvious thing we notice on a particular TF and move to the Lower TF in accordance with the trend in favour of that particular TF. We'll certainly find precise entries at one point. Analysing any pair should not take more than 5-7 minutes, given that my list has 28 pairs of which 50 per cent can be skipped under 3 minutes, I roughly need an hour or two max twice a day to analyse all the pairs and execute trades accordingly. Moving on with my analysis, if I find any opportunity, I'll execute accordingly!

Weekly TF - A SOMO of missed opportunity, followed by a divergence in price, it moved upwards towards the swing high, most likely to break because of divergence. Let's proceed to Daily!

Daily TF - A confirmed upward trend in accordance with SMA (34,55,200), Two somo of missed opportunity ( don't even bother switching down lower TF to identify possible entries based on outdated moves, we always have to focus on now and the upcoming move, if the job is done right, there will always be yeild to harvest everytime you check back in. Lastly, price has breached MR1, nearing MR2 every month as new S/R prints price fulfils the M/R level 1 in accordance with the trend, there will be ample illustration of this ahead. Coming back to AUDCAD since the trend is up, I'll only be looking for a higher low on 4 Hour TF

4 Hour TF - Apart from the previous two missed opportunities, we have a fresh Higher Low printed on 4 Hour TF, while the price is currently somewhere being in the middle of MR2 and MR1, with this particular illustration price has not even touched the SMA 34 & 55, but still, the opportunity would have yielded it's fair share of profit that we'll see switching to hourly TF.

1 Hour TF - Always on the lower TF of the established SETUP, there has to be a visible divergence, and the price has to be near the bottom channel in case of long aligning with the stotch 60 ( Also, not stotch 10 is used till TF 4hr, hourly and below uses 60). These parameters are rigorously tested, and I would advise not to experiment with different settings, but you are always free to test things out your way. The first TP has to be on the upper Donchain band, and it will always be sufficient; there is no re-entry at this time, but if M15 presents one, I'll get it.

M15 - Now if you have noticed on hourly TF, the Higher Low happened around the weekly Pivot. One of the behaviours that keeps repeating is to touch Weekly Resistance 1 to find the first key resistance that is still 65 pips away from the current price, but we can only enter if there is a valid entry on 15 minutes where the stotch is oversold, we have an entry on 15 minutes now. I'll switch to hourly levels and at a distance of 15-20 steps (not pips), I'll execute buy stops and limits.

This is how I plot entries. To execute buy stops, hover the mouse over the price where you want to put the stop right right click > trading > buy stops and for limits, simply hover over to the level you want it to be below the current price right click > buy limit

Like this, I'll proceed with the rest of the pairs, taking short breaks in between.


Cheers

Ozzie !!

I just read your post, we're right on time, mate . Until yesterday, things could be ignored; the template I was using for quite some months and shared earlier was getting complex for me as well, so I revamped it all, and miraculously, it turned out even better, covering every aspect of this strategy in a very explainable approach and a lot easier for me to use as well. Sometimes, one is blessed divinely for sharing two cents with the rest of all. Let's give this a fair try and find out if this strategy can be worth it. I feel positively confident about it

However, the virtual FUNDS account has an important role to study in studying the drawdown aspect of this strategy, and how time consumes and exhausts the account over time, as it took over 100 days to reach here, there must be a lot to take away from it. I'll point out the entries of this account, comparing with this strategy to see how deliberately it was created, not from a point of me trying to justify the drawdown, but to justify the behaviour of the market over time, to cover the worst-case scenario, only if it is very deliberately created! Instead, it can be avoided quite easily; still, at this point possible to recover the account directly, waiting and adding more capital, but it can never give a margin call at a random one-hour nap. But as per this strategy, the drawdown should never be more than 25-30% while it can be easily maintained under 20%. I'll illustrate in the latter post and hope this theory turns out to be real, lol!

GBPNZD


Let's take a look at this illustration.

Monthly TF: Let's just say the price might reach the nearest resistance in front of me. On the monthly candle, there are no PS/R levels indicators to identify, just potential levels easily.

Weekly TF: Moving forward on weekly TF, I can see a solid uptrend in accordance with SMA (34,55,200). It's clear we ONLY need to identify High Low on Daily TF.

Daily TF: Two outdated opportunities might or might not have been taken price is above the Monthly Pivot and hasn't yet touched MR1, more confirmation towards a long execution, without knowing what's on H4, let's anticipate a Higher Low.

4 Hour TF: Uptrend in accordance with SMA (34,55,200), One possible Higher Low entry occurred last week with 120 pips outcome, and one has appeared this week, not being sure if I should get in, I'll switch to 1 hr TF

Hourly TF: Here, we have two entries. One happened last week another is happening. What are its criteria? 1. Divergence 2. 60 Stochastics oversold aligning with price touching the lower Donchain channel. Last week's move was 140 Pips. This week's Weekly Resistance 1 is 80 pips away from the current price, where the donchain upper channel is as well, with a divergence, stochastic 60 oversold and price touching the lower channel. I have executed my trades near (800,000,200) levels; there is good space between every (800,000,200) for trades to split, breadth and diversify the drawdown of that particular trade subsequently. I have executed 7 trades of 0.04 instead of 0.28; let's see how this plays out

M15 TF: A divergence and a TL break, I'm in, let's monitor how 15 minutes plays out and if we see more entries.

This one looks promising

Anything above 0.01% is worth closing 50 pips plus; being in the right direction, it can at times give unexpected positive outcomes; these trades should be closed ASAP without anticipating any further. This strategy is not designed to be used on phones or Tablets. I highly discourage it. think of it as an engine that needs to be started and taken care of daily, and it's 200 Horsepower that can beat F80 in no time.

0.04 multiplied by 200 is 8 lots, enough to make a living if used wisely. There is an average gap of 12-15 pips between every trade execution. You can have a trade manager for added features, but it's genuinely not needed lately. I'm finding it more convenient to execute entries manually by hovering the mouse to the level and left-clicking to place limit orders for stop orders. You'll find it under trading after left-clicking. I think somewhere above I mentioned right click, my bad, it's left!

These are the closed trades for today. As long as you avoid counter trades at any cost, the account keeps growing at a phenomenal pace. I believe if I have been able to put everything as I think I have, we should see it for ourselves as time goes by. There's ample entry every day, so no FOMO or SOMO!

EURAUD

Monthly TF: Let's just say the trend is upward in accordance with SMA (34,55,200)

Weekly TF: Looks like a possible Higher Low on Weekly TF, but anyway, since the trend is solid upwards in accordance with SMA on Daily TF, I'll be looking for possible long setups, divergence and TL break and Higher Low to have more clarity, we switch to Daily TF

Daily TF: On Daily TM, instead of finding a Higher Low price, it has been creating clear Lower Low and Lower high, which could be to create divergence to align with the weekly setup we don't know yet. Also, the price has broken Monthly Support 1 already. Let's hop onto H4 and at this point it's ok to not have a confirmed bias.

4 Hour TF: On 4 Hour TF, we had a Lower High last week around Monthly Resistance 1

1 Hour TF: On hourly TF I must be looking for lower high entries in accordance the the Trend of H4 TF. Even though I found Lower HIGH ON HOURLY TF there is no visible divergence to confirm this entry

15 Minute TF: I found an entry; there are a few outdated entries as well. Criteria? 1. Divergence 2. Lower High (Stochastic Over bought) aligning price on the upper Donchain channel. Let's see how this plays out.

Goodmorning Guys,

GBPUSD

This pair will help us understand how silly it is to hold counter trades instead of catching brilliant entries. In this post, I'll analyse this pair in detail to be compared with ongoing trades on Virtual Funds TE! This post will be a classic example of don't judge a book by its cover

Also, I advise skipping post #2 - #17 as it may create confusion. From post #18 onwards, it's important to acknowledge the information I've shared about this strategy!


Monthly TF: The trend is down in accordance with SMA (34,55,200). It's not necessary as you won't always find a resistance area as I have marked in aqua, but if you find something like this, just mark it as the price is most likely to reach that area, though this should only be marked Monthly TF I would advise avoiding marking resistance on Weekly TF, respectively, on Daily TF and bellow we got PS/R incicator to mak the levels accurately! Nothing else looks obvious, so I'll switch to Weekly TF

Weekly TF: We have a clear Higher Low, a solid TL supporting the price heading towards our marked Resistance on the Monthly. Haven't yet switched to Daily TF, I'll be anticipating a Higher Low and an uptrend in accordance with SMA(34,55,200)

Daily TF: Trend is long in accordance with SMA(34,55,200), a Higher Low has appeared while the price is around the Monthly Pivot, most likely heading toward the Monthly Resistance 1 with a potential 140 pips move

4 Hour TF: Trend is Up, there's an oversold stochastic, not a Higher Low. The previous oversold area of the stochastic is a higher Low, and it did move 120 pips in favour if it had been taken, confirming with Lower TF, but let's focus on the current scenario and see if I can find some entries, even though I already have entered, hypothetically ignore it for the purpose of this illustration, the stotchastic has just reached oversold area, can this be a new Higher low on 4 hour TF?

Hourly TF: Switching to hourly TF, we have a lower high now, and it's a counter trade since the higher TF 4-hour is a solid uptrend in accordance with the SMA. It has indeed moved 50 pips south and might have some more potential, but entering short will contradict this strategy completely. However, there is no confirmation to enter long, and there is a Previous Week Low where the price might be retesting. Avoid entering short switching to 15 minutes.

15 Minutes TF: ENTRY! Criteria? Executing trades on any TF, the criteria are: 1. Higher Low (In case of long) 2. Divergence 3. Stochastic should be oversold in case of a long execution, and the stochastic and Donchain channel must be aligned while the price is near or touching the Donchain lower band in case of a long, and this is illustrated. Let's observe how this one plays out!

Comparing this to the ongoing trades on Virtual Funds TE.

1. Ain't the buys around 19 November valid sell setups?
2. Didn't the next week after I executed sell entries give a new Higher low, breaking the previous lower high, creating high confluence and resistanceturning rsupport?
3. Did I have enough time and opportunities to exit my sell trades at cost anytime and catch the new Higher Lows while the Daily Trend is up and new Higher Low's being created on H4 ?
4. Comparing with counter trades still being held at massive drawdown, how many opportunities did I let go of? Did I get enough chance to recover, cutting counter trades at a cost, would I have closed more in profit by now instead of still holding them all?
5. Where you could have had the chances to exit counter trades and enter longs with new entries and confirmation, you think? (As per your understanding of this strategy)

Yes, some profits can be closed, but the least I want price to touch Weekly Resistance 1, before I consider it. Here I'm not being greedy but logical what looks obvious to me is at weekly resistance 1, the Donchain channel upper band is!

EURUSD


Monthly TF: Trend is down in accordance with SMA, marking a clear resistance area around the Previous Lower High.

Weekly TF: On the weekly TF, we have a clear breakout of the previous Lower high resistance acting as support now. While stochastics recently dropped to an oversold area, printing a new high-low, it's obvious to look for a Higher Low on the Daily TF

Daily TF: On Daily TF, stochastic has indeed dropped to an oversold area, printing a new Higher Low opportunity while price is currently between Monthly Pivot and Monthly Support 1. I should be looking for a Higher low or Divergence.

4 Hour TF: I can see a divergence followed by a TL break. While a possible Higher Low has appeared, Stochastic touching oversold are let's switch to Hourly TF for more clarity.

1 Hour TF: Market is respecting a perfect Lower High swing trade on this TF, but it's a counter direction while also printing a Higher low after creating Divergence and breaking TL

15 Minutes TF: Entry criteria are almost met, but not all, creating a Higher Low after Divergence breaking on a higher time frame piece being near Donchainchannel lowe bang and stochastic at oversold, let's observe if a divergence on m15 is also created following a TL break towards upside, since there is divergence with a tl break I have executed my entries near 800,000,200 levels

Similarly, comparing it to the ongoing trades on Virtual Funds TE, can these counter trades be avoided and missed opportunities could have been captured? will I be able to close these at BE, or will it continue moving upwards without letting me out of it?

Another analysis before I head for lunch!

AUDNZD

Monthly TF: NADA, nothing looks obvious on the Monthly, not even being sure about the trend direction. Let's switch to Weekly TF.

Weekly TF: All I can observe is a solid uptrend in accordance with SMA (34,55,200), apart from this, nothing.

Daily TF: We had a Higher Low sometime back, and currently price has touched MR1 but hasn't broken it yet.

4 Hour TF: The trend is up in accordance with SMA (34,55,200), along with this, a Higher Low has been printed. I'm already in on this one, but considering there are no open trades, let's switch to Hourly TF to see if any opportunities or entries can be identified.

1 Hour TF: There is an entry, but are the criteria met to enter? Yes, I can see a minor divergence that I have highlighted on the chart. Along with it, as stochastic 60 touched oversold area, creating a Higher low while price being near the lower Donchain channel aligning with the Stochastic oscillator, however, I've already missed the initial entry with a 40 pip move, so I entered at the current price, splitting trades near 800.000,200 levels as pending stops/limits with a distance of average 10 pips betweek each trade I've placed 7 trades of 0.04 making a total of 0.28 lots let's observe how this one plays out as the minimum I'm expecting price to reach Weekly Resistance 1 that is 62 pips above the current price.

15 Minutes TF: The divergence looks clearer, followed by a Trend Line breakout, while the price might be retesting to form a new higher low, or it might just continue moving upwards. It would be interesting to watch this one.

EURCAD

Monthly TF: Price has broken the previous Lower High resistance, and the trend is up in accordance with SMA (34,55,200)

Weekly TF: Trend is up in accordance with SMA (34,55,200), Stochastic oversold creating a Higher Low.

Daily TF: A divergence as a stochastic oversold Higher Low appeared on Weekly TF, Above the Monthly Pivot, heading toward the Monthly R1 level with a potential 80+ move

4H TF: A divergence formation with a clear TL breakout, while stochastic oversold gives an opportunity to enter long.

1 Hour TF: Looks like a valid entry, divergence, stochastic oversold price and scotchastic aligning with the on-chain lower band.
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M15 TF: Divergence on both Stochastic and MACD, and the TL is also broken. In the next post, I'll plot my entries based on this analysis near 800,000,200 levels respectively

EURCAD Entries

Hey Varun,

I wasn't putting down the methodology. I assumed you were showing the drawdown for a reason. I also assume that your methodology will somehow show us how to avoid that kind of drawdown and be profitable, otherwise, why would you waste your time laying out your strategy so meticulously.

Great charts above. Looks like I have some studying to do!!!

Hi Varun,

Really appreciate the structured and thorough way you share your analysis.
And respect for actually putting real money behind your own ideas and opening those orders - it shows you practice what you preach.

Watching your posts with genuine interest (even if past experience makes me a little skeptical).

Have a great day!
Dragos

ozziedave, Mate, never think I take anything in negetive sense. I do feel sad when I don't get enough feedback for me to be sure if I'm making any sense and heading in the right direction. I know we are here to learn and grow. I never thought I would get this deep into understanding forex, but the way I feel about this strategy right now, after years of trial and error, observing every aspect of it and now sharing it back with a community I once started as a noob, feels like homecoming.

Making this post a little long to mention some other things I would like to share with ya'll

I take everything lightly in my life. I have never struggled with trading, but I never felt a sense of gratification. I didn't realise how small moments of effort were adding up every day with this simple strategy. Everything amazing I have experienced in life is mostly because of it, which I had never in my wildest dreams thought could be possible, happened because of this! Still, it never felt complete or a sense of finding a solution to generate money from forex positively throughout trading seasons that I can COUNT ON. Everything has brought me here to having a complete strategy/system/methodology that can actually produce phenomenal positive results beyond everything I had outlined to have a bare minimum system to produce 3-7% monthly gain.

Trading is indeed extremely tiring and exhausting, but still, I have gotten obsessed over it just like many others, and life played some mysteries that made me experience millions in a real trading account 4 years back, one of the reasons I am still around, as I've witnessed the greener side of trading forex. I might have gotten lucky back then, but I couldn't stop working on it to complete it as a strategy, not just for some good luck, but to find a permanent solution. It's money we're talking about. I have lost a good chunk of myself in the last few years due to personal reasons, and at this point, having a system that looks complete to me feels like an accomplishment.

The hard part was to observe the negative aspect of it, as eventually, where every retail account is headed towards, everybody tries their best to save themselves from it, but nobody stays there enough to understand its workings and behaviour, realising that it's an aspect of this game, speculation happens, not knowing this part and expecting positve outcome. I've been through a lot of uncomfortable emotional phases to understand this and find a way to overcome and use it to my advantage. How and why trading can be boring if it gives you unrealistic positive results, but not everybody understands this in its truest essence. I'm not claiming I have mastered anything. I wanted something to be free from any doubt and irrational fear cumulating wrong decisions over time, eventually ending up in disaster. I wanted to create something to be free from these thoughts, where I don't have to be impatient, but to truly enjoy trading. I was holding onto the fun part all this time. I was never afraid or scared, but I have been patiently observing the rhythmic movement for month after months. I have a unique life journey, just like everyone, that cannot be compared with anyone else. I like real and honest interaction. After all this time, I genuinely feel free from everything that was holding me back. I don't want to be the guy who, alone in the dark, can finish 100 burgers lol, I'd rather share it than stuff it all not even sure if a human can do this! But trading is a genuine effort where there's no competition, but definitely a lot of confusion and misinterpretation about what trading is. My effort is to point out the direction where I have experienced success, just with basic common sense that no one can claim not to have.

My effort is to create a place for like-minded people with shared goals, relying on a system that has every aspect of trading covered, something to count on and have fun along the journey of trading and life! I have never met anyone who can say that this can be done, but I know with confidence that with this system/strategy/methodology, it's already possible, but still waiting for some more courage to yell on top of my lungs, it can be easily done and keep doing it again and again! I've never been this overwhelmed, as there was always something to be worried about, but this time I feel different.

In a world where everything is in chaos, I need one thing I can hold on to, not breaking my hope, trust and confidence. I always knew it could be done, but every day is as new to me as it is to you. I'm doing this for some good interaction and to express my perspective on trading forex, the game. Irrespective of a demo or a real account, once the skill is learned, money is just numbers after all.

I'm assuming we all have a moderate understanding of how the money market works, but a system to actually count on, not because I claim it to be good, and have shown some positive results trying my luck, but actually a simple, approachable and easily adoptable system that actually works. If I drive F80 poorly, it doesn't make the car bad, but somewhere my driving skills are lacking.

Another thing is, I'm so tired of dubious talks. I'm interested in money Real cash, CHAO CHAO!! Show me where it is, and I'm in and some real conversation with people who have a sense of purpose. As life gets difficult for everyone, I am not lonely, but indeed, I'm alone in this path, hoping to meet like-minded people along the way. My journey makes me feel excited about what tomorrow holds, but I'm also losing my old self trying to figure out who I am in this vast world that is a speck in the cosmos. When you are stuck with something for a long time, you know some deeper part of it that gets ignored by others. This is my two cents to share some of my observation just in case you have missed!

The Coming seasons are ours to have if you're cool to join HOP IN!

Cheers!

Thanks, Dragos. It means a great deal to me

I have always been casual about my actions, but many times uncertanities has haunted me throughout not just in trading but in all parts of life, learning to embrace setbacks and learning from them has always been challenging and a never-ending part of my life. At this phase of my life, I want to focus on building serious wealth and not be consumed by it while putting real effort into making it happen!. With everything I've learned heading close to 30 in less than two years, I want to ignore the noise and prioritise things that matter to me the most.

I believe this thread will bring out the best in ourselves, to good ones!

Cheers

GBPJPY

Hello everyone,

Hope you are having a wonderful time, have waiting with open trades even been fun? Honestly?

Through this illustration, I should be able to share my perspective on the Suffering of waiting, as I have mentioned it several times. There can be a loophole to anything but time; nobody can skip it! Backtesting any strategy eliminates this aspect, and in a few hours, one can become profitable for months and years without monitoring the behaviour of the price and the strategy being used in real time. Only in the real trading environment, irrespective of whether the account is Demo/Real, does one understand the logical reasoning before every execution, and waiting for the trade to reach the target becomes a nightmare in no time, while we are programmed to be inclined towards holding the negative balance for as long as possible. I had to experiment and test this as well.

What if you are asked to perform 100 actions every day without making a single mistake? Unless you are a superhuman, you can't. No one is perfect! So how can you expect every decision one makes in trading to be correct? How many mistakes can you afford? I got even more curious and asked myself what mistakes are. How can I be neutral towards my decision-making, irrespective of the scenario I'm in around the globe? With this post, I'll try to explain my perspective.

First, The Analysis

Monthly TF: Trend is up in accordance with SMA (34,55,200). Nothing much, let's switch to Weekly TF.

Weekly TF: There's an obvious Higher High Resistence so I marked it with an aqua rectangle. And price has broken, and it's headed upwards, trend being long in accordance with SMA (34,55,200)

Daily TF: Last Highr low occured 4 months back, atm price is around the Monthly Resistance 1, look at the steep move towards MR1 once an entry can be identified on 4hr, this could have been caught, have a better look at this TF and price behaviour!

4 Hour TF: I have marked all the opportunities I can see as far left atm. Price has touched Monthly Resistance1, and a Higher Low opportunity has appeared. The above two trades I took on 15 Higher Low stotch, since the current move of over 350 moves has come to an end, so if I had caught the move, these few remaining trades or even newly executed trades based on 15 minutes wouldn't matter. I couldn't close a small move, still chose to hold, and it's alright, but if this had been a sell trade, even in over 100 pips profit at this time, it would be a counter trade, and we have to avoid it at any cost to be on the profitable side.

Hourly TF: I can clearly see an entry possibility; however, there is not much confirmation yet,t so I'll give it another 4-8 hours to marinate, and also gather the information I have right now. A Stochastic 60 Higher low is being formed, A brilliant confluence of Previous Higher High resistance acting as support now, Previous Day Low + Weekly Resistance 1 + Previous week High making a strong level of support for the price to not break Hence forming a divergence that I'll be anticipating for my long execution.

M15 TF: Since the last Higher Low on H4 moved over 300+ pips, a new Higher Low has appeared on H4. Price is structured to accumulate sellers/short positions by consistently appearing and respecting the Lower High on smaller TF, indicating a change of direction with all the confirmation, but since it'll be a counter direction, it has to be avoided else just looking at M15 it looks obvious to enter short from "intrady perspective" sure it can give some pips in profit but when the price continue moving towards the right direction, It would be a higher cost to exit the positin instead holding longs and here comparing with the ongoing trades on Virtual Funds TE on next post I'll mention some self introspective questions to think about!

Comparing the ongoing trades on Virtual Funds TE, here are some self-introspective questions I would like to mention

 

1. To begin with, why sell? Could it have been avoided?
2. Did I miss out on real opportunities in favour of the trend to catch long trades?
3. How many times have I had a chance to exit short?
4. Even on encurring loss on a sell trade if it had been closed when long opportunities appeared, would I have been able to recover the loss I had incurred with counter trades?
5. How stupid one has to be, 1 For not closing the counter trades and missing out on every opportunity in favour of trend instead still holding in hope to might close at BE one day. Guess I am one