My Boring Long Term, Live Account Trades

Five currency pairs
Four indicators
Tree trade cryteria
Two ways to go
And a Micro-o-mi-i-ne-Me

I see no low risk, high reward trades in the near future on GBP/USD, EUR/USD,AUD/USD,USD/CAD,EUR/JPY

I call this my Back to Earth Template

Higher Highs and Higher Lows confirmed for EUR/JPY on 4RH chart
Profit potential looks best of the five pairs, so

Buy @ 160.11 (1st confirmed pullback) Stop moved up to 160.25
Buy @ 160.63 (2nd confirmed pullback) Stop@ 160.30
Profit is aprox 100 pips at this time YE HAW!

Other pairs have conirmed pull backs also but they are not so pronounced and some entry points are too close to areas of good sup/res.

Nice simple method M_MM. I assume its H+L/2 monthly price projection. I use similar method too.

If you dont mind, would you tell me what percentile the price hit line 100 within next month price movement, based on your experience?

It's not even that complex.
My indicators:

1. 100SMA
2. Line chart
3. Previous Weeks Fibos drawn from weekly high and low
4. two SMA...period=2; 1)apply to high and 1)apply to low

My method is very visual. I look for trades with the weekly trend and/or 100SMA. I only use 4HR and Daily timeframes. Todays EURJPY was a beauty on 4HR. Ascending double bottom after which I waited for the next higher high and higher low to confirm a trend change. I scalled in to limit risk and was lucky enoughto get another pullback this morning for the second entry. Price is currently at last weeks low and price has not found much resistance there yet so until I see movement I'm still with two positions and up aprox. 250 pips. VERY COOL! Stops are currently above entry points so this one's in the bank.

Here's the 4hr chart for EURJPY

Closed out both positions.
Conflicting signals made me feel that 276 pips was probably enough to hope for right now. Market still appears confused and goofy.

I need more time to refine my method. My old heart can't take the 100 pip stop losses required for position entry with this method.

Time to practice waiting while I refine rules for entry.

Time to get bored!

From this point on I will be concentrating on five pairs and this weeks strategies are as follows:

GBPJPY Range - Pivot Hedge
USDCHF Range - Sell@ S1 Take Profit & Reverse @ S2
GBPUSD Range - Pivot Hedge
EURUSD Trend - Wait for Pull back
AUDUSD Trend - Wait for Pull back

All trades are best case scenarios and subject to change as technicals on lower time frames indicate.

This weeks forcasts are brought to you by My Mission for Monetary Micro-Management Madness, a Profit Organization for the Teenie Little Super Guy in all of us.

nice strategy over here. The euro and aussie are defiantly the pairs to buy on pull backs

GOALS AND OBJECTIVES:
Goals are the major battles and long term i.e. one or more weeks.
Objectives are the shorter term battles that must be won to reach the goals. The main focus is to win more battles on the way to the goals.
This is a new account; therefore, I must remain in protective mode until account balance has doubled. Trades must be left alone until they are in profit. If a trade is stopped, that's OK. Just wait for the next A setup. Areas of consolidation and reversal on <Daily timeframes are good places to book profit.
Long term strategies are based on Weekly charts.
Trades are initiated on one or more shorter time frames.
Trades are closed in areas of consolidation and reversal on <Daily timeframes. It is good to book profit when price movement stalls. This is a battle that has been won. Just keep the long term goals in mind and wait for a place to get back in.

Today I won three battles:
USDCHF +18 pips
EURUSD +1 pip
GBPJPY +125 pips

Keep dreaming of the goals, but concentrate on the battles. Protect thy profits.

Hi Minime
thanks for the great indicators you've written.

lots of indicators gets the chart clustered!