Malaysia

now at upper channel. We may bounce first than continue journey to north..
I'm say at least 50% retrace @ 176.XX ..

PO triggerred - long when GJ retrace to 50.0 %
Targetting 100pips only - I will move SL to +5 once appropriate ..

I wanna share this strategy base on 15min TF.
This is not my strategy, just improvised to suit my needs, I thought maybe somebody might interested. You may refer to AUSLANCO 15min strategy for deeper thought of this strategy base on GJ pair.

This is indicator base strategy. Why ? For short term period trade less then 30min TF normally we need at least surerity for us to take certain trade..and normally we only target certain number of pips for 1 trades..Thats where indicator come to play to confirm our conscious mind to decide prior taking any trades and surely will not perfect and bound to flaw.. At least thats what I thought and feel about it..

Enough membebel..

Indicator :
1 - MT4 Level stop reverse ( don't ask me description of this indicator )
Settings : ATR period = 28 / ATR multiplier = 2.75
2 - QQE 5 - this indicator lag ( I use it just for entry reference )


Support & Resistance - 50ema & 100sma
Entry - 5sma

LSR = Level Stop Reverse

How to spot trade oppurtunity.

Pls refer chart .

Short trade example - once 1st bar close below LSR , LSR line will flip over to above. So this will confirm your concious mind that short term trend will be down.

Entry - on 2nd bar wait till price retrace to or near 5sma and enter.
You may wait till 3rd or 4th bar or even 5th bar to enter .
Sometimes it do retrace higher than 5sma ..You may use
Fib retracement also to enter the trade..
Entry will be flexible - price may retrace or might not. If you missed
the entry just don't enter the trade.


SL - place SL above LSR line .. You may use other tools to determine
your SL like TL , Pivot , S & R and etc..

TP - As this is short term trend strategy , I would say 25 - 50pips will be
enough or 20-30pips ...sometimes luck on your side it will goes
follow major trend..But I prefer stick to small TP..



Recommendation..

Pair : EU only - you may try with other pair but I never use on other pair.

Session : London - for other session pls backtest first - I found out this
strategy not suitable on other session , inconsistent..
In 1 week you may have 5 or more signal.
I mean London at Gmt+8 from 1600hrs to 2300hrs or 2400hrs

TP : I only take 25 - 50 pips only , most of the times 25pips and occassionaly
more than 50pips.

Any question pls revert ...

Chart and indicator for the strategy

On the chart on entry note : should read as " Entry - can be 2nd ,3rd or 4th bar or maybe fibo retracement "

Check it out EU IB just now. Perfect trade

it happened on GU & GJ too...

Me done today..
2 trades 1 Win 1 Lost

EU enter @ 1.3480 ,closed @ 1.3330 : +150
GJ enter @ 176.35 , closed @ 175.95 : -40


Chow...

Perfect IB on GU, GJ, EJ, EU. If I ever have big account

hallo grodot...just want to know...
what is your setting MA?..(moving average)

http://www.imagefreehost.com/files/2...1341119788.jpg

Or the other way round ( just want to share the fun from the other thread)

At this moment, I'm looking forward for a bullish continuation to perform either subwave 1 (yellow) or subwave 3 (white) in C. A further breakout to the bullish continuation critical line 1 would bolster this scenario. Otherwise we may see another bearish continuation to perform wave b referring to the alt count in magenta. Therefore please watch closely all critical lines and trendlines. Advisable to look for a good bullish continuation signal from BSTS later. Good luck.

SMA : 5 & 100
EMA : 50

Expect retracement . Maybe to 50.0 from yesterday low.
But market in bear mode - it may just continue downtrend without even retrace. 50ema and 100sma on lower TF 30min & 15min may just act as resistace for bouncing then dive .. Maybe will get clear picture just before London..As of now looks like she going to dive again as lower TL has broken..

Huhuhu.... I did not look at the market at all after yesterday morning. Now when I have a peek at the Chart... wow weeeee.... 200pips up then more than 400pips down on CABLE. What did Uncle Ben said? The storm still raging. No clear direction yet. Whipsaw can kill me. I better stay aside first.

Hurm.... from my understanding of BALANCE SHEET. The left side should be all the Asset and Excess Cash. On the right side should be all the liabilities , debt and equity. The balance of left and right should teli or match or equal.

It shouldn't be nothing left then... after the liquidity injection. The balance sheet should look bigger than before, meaning having the balance bloated to a bigger value on both left and right side.

Correct me if I am wrong. I studied engineering before... not finance....

Possible bearish continuation on Cable, bear flag on 1h chart

Frankly speaking... my trading performance is not good for this past few months of turmoil. Made profit then gave it back... made profit then gave it back to the market. Consistency drop abruptly. Can't do much like last past few years... those years was wonderful. This year SUCK!!!

Can't really let the profit float and runs... the market just whipsaw back and take it all back. What I've learn so far out of this turmoil situation... Just need to Take Profit regularly or quickly secured floating profit by moving SL to the green side before the green pips turn to red.

Seriously, who is here... making lots of profit out of this turmoil? I salute you

Possible It can dip down further. Also possible that it Bull up more than 100pips first before dive deeper down like yesterday. Tricky. I would say could be testing the DPP or Weekly Pivot first then dive back down.

hurrmmm.. possible2... the TL that u drawn can create another one for at the LL level.. price is moving in that range now.. confusion..

bear flag broken to the downside on the 1h chart