My New System Based On Price Aciton

hi there,
Do you have any rules you can share with us from your new system,
an example would be, if previous day high breaks go long etc.

If you don't have any rules you can share no worries, good luck.

westie

Gbp/Usd

Wavecount ''''''''

Gbp/Usd

Wavecount ''''''''2

Usd / Cad
-------------------------
A THING OF BEAUTY

closed some trades for major pips from last signals. I was not around to close gbpchf for profit so now in neg and not ready to trade in my direction.
but I have closed chf and euro trades that I was hoping would be wrong oh well good think is it proves this system is doing what I want it to do and that is trade each mini wave of the bigger wave and signals come at around 8pm est. which is also great because its the time i get home from work some nights. Hey new signals for tonight is long on cable and euro short chf. I have a signal on gbpjpy but not that strong in fact I am going to short it based on my rules and see what happens my personal thoughts is long though. This weekend I will post all results from this week so far with 2 losses for very min pips and the rest wins and I dont feel bad on these losses because I broke the rules on 1 and the other was the right trade but just not around to tp when I was supposed to.



EUR/USD SHORT AT 3036 STOP 3136

CABLE LONG AT 9586 STOP AT 9486

SWISSY SHORT 2466 STOP AT 2566

E/G STRONG SHORT AT 6656 STOP 6756

I forgot sell gbpjpy at 237.58 stop is 238.58

fixme1too,

glad to see your system is working great. I'm a bit confused though, you said you have a long signal on euro and cable but I see you're actually short on the euro @ 3036. Did you trade against your signal or this is a typo?

Sorry i should be posting when i close trades. I'm sorry I did not make that clear. But if you see me open a new trade on the same pair in the opposite direction I closed the previous for profit. Thanx Jim for pointing that out.

My friend you r very good

alex

Trade results for this week has been amazing. Better than my EWT trading in shorter time and more pips. I really think I'm on to something really good especially if I can be around to take profit at reversal times. So far this new system does extremely well on pairs that have HIGH atr which allows for one to be at the computer when reversal comes normally in the evening. Results

EURUSD 3 TRADE SIGNALS FOR 145 PIPS

EURCHF 1 TRADE SIGNALS FOR -66 PIPS

GBPJPY 3 TRADE SIGNALS FOR 435 PIPS

USDJPY 1 TRADE SIGNAL FOR 89 PIPS

EURGBP 2 TRADE SIGNALS FOR 46 PIPS WITH 1 LOSS FOR 17 PIPS

GBPUSD 3 TRADE SIGNALS FOR 83 PIPS WITH 1 LOSS FOR 100 PIPS

USDCHF 2TRADE SIGNALS FOR 53 PIPS


TOTAL PIPS REALIZED 785
TOTAL PIPS LOST 194

15 TRADES 11 WINS 4 LOSSES

75% WIN LOSS RATIO


GOOD SIGNALS ON PAR FOR NEXT WEEK also some are saying cable had some funny numbers after hours. Last time this happened those funny numbers were hit during the trading week to come.

Have signals for 12 pairs next week and looking very promising.

Trades from last night are still open with the exception of the cable, all others will more than likely be closed sunday as reversal is imminent. This system would be excellent for day trading, as it produces alot of pips if you are able to be around in the event of reversal before days end. If I were day trading or trading full time I would be up well over a thousand pips even with the 4 losses I have. See you guys next week.

Good system and trades there. Keep it up!

Trades for open of market BASED ON NEW SYSTEM.......ALL PAIRS ARE WITH 100 PIP STOP AND ALL ARE AT OPEN
BUY GBPCAD
BUY AUDCAD
BUY EURCAD
BUY USDCAD
BUY GBPJPY
BUY GBPUSD AT OPEN WITH 100PIP STOP
SELL CADCHF
SELL CADJPY
SELL EURAUD
SELL EURGBP
SELL EURCHF
SELL USDCHF

I find that the systems I use, which are different from yours, are giving me a short signal on AUD/USD. I cannot see that you have mentioned this pair and was wondering whether you have any opinions on it.

Thank you.

Im getting a strong long on aussie

I just noticed the comment you made about the weekend prices frequently been hit the following week.

I entirely agree with that statement and it is the reason that I pay attention to what goes on during the weekend. It is interesting that, while I am getting long signals on cable and fiber at present, fiber in particular dropped some 80 pips, while EJ dropped about 120 and poundyen over 200 pips. All of them are in the general area of where they were at friday's close.

The problem with this weekend's prices is that they were also all over the place and if the week is going to reflect them it is going to be chaotic and choppy beyond belief. We will just have to trade what the market hands us.

I think that I will just stay out of the Aussie trade for now and watch for further developments. Thank you.

cool,went long on euro/can late friday,nice to have afirmation looking for a retrace to 1.5325 possibly 1.5400

WOW was not expecting this so soon. Watch up for the retrace guys but overall previous calls stand

I have noticed that you have commented that you missed out on making a profit from trades which should have been closed while you were at work.

I am wondering what you are using to determine the correct time to close a trade. How are you determining that the pair is about to reverse? I have used price action but not usually on really short time frames, so I am just wondering whether you could teach me your method of determining exits.

Hey Fixme
I had an entry order short on the spike so I'm in short on the GBPUSD. Unfortunately its contrary to my overall long bias so I'm looking for price targets for exit. Currently price in the low 1.9400s.
Do you have any thoughts on how low it can go EW-wise on this move before reversal? 78.6% retrace of last move is 1.9398. It could extend but whats the chance this is a different wave count and could it be an EW move below 100% retrace to 1.92560 or lower?

I'd appreciate any thoughts you may have.

Adam F

new trades signals:

GBPUSD short
GBPJPY LONG
EURUSD short
EURGBP SHORT
USDCHF long

FROM OPEN OF NEW BAR ON DAILY TIME FRAME ALL PAIRS WITH 100 PIP STOP