Ground - Floor Trades

Hi Mates

First, I want to thank all successful traders posting their trades here in order to show others that there is always a hope trading financial markets.

Second, I joined this board quite a while and I was only reading others Ideas and trades. And now I decided to share my trades and how I see trades into the market. I am 28 years old I am trading for almost 5 years from which 3 years were life trading.

Third, My Technique is exactly as this thread name (Ground - Floor Trades).

It is straight forward technical analysis method that depends only on STRONG support and resistance levels and stochastic both of them plotted on 4 Hr's time frame. As I see these levels as grounds and floors for a building and there is a ball (pair of currencies price) is trying either to go from a ground to the following floor and Vis Versa, or to break under a ground or above a floor. All of theses moves are showing supply and demand forces or bulls Vs bears fights.

I think from above my technique is quite obvious as I buy from ground (support) to floor (resistance) and reverse the trade direction when I reach the resistance area buy shorting the pair.

And I use my money management techniques as 50% of the game lies on this.

Will explain it in next post.

Good Luck for You All

Hi again

Here is my money management technique. First of all you should put on mind that I could have a trade that will be active form 1 week to 1 month.

My technique depends heavily on averaging as every trade I will get into I will be entering it gradually risking only 5% per trade and having maximum 2 trades floating at the same time (not on very related pairs i.e. I will never enter long on EURUSD and short on USDCHF since each of them is mirror for each other).

In order to apply same trading roles you should use any size of following accounts 2000 USD macro mini account, 20000 USD mini accounts, or 200000 USD standard accounts. I give each level a room of fluctuation for 200 pips. I will break my entry to 4 parts. I set the stop loss for the 4 parts of the trade on 5% risk ratio.

1 lot 50 pips before price level
2 lots on price level (50 pips fare from first part)
4 lots 50 pips after price level (50 pips fare from second part)
8 lots 100 pips after price level (50 pips fare from third part)
S/L 150 pips after price level (for l lots entered above)

And I will be targeting 15% to 30% a reward ration per trade.

And targeting same ration per month so I could double the account I five months with only five trades. (off course this is dream) . But we will see together how this money management technique will perform in the real life.

Good Luck for You All

Good work and i wish you best of luck, i will wait to see how the stuff play out.

Best

Here's to your account rising!!!!

First I want to thank maarf01 and PTOURNIS for being my first topic contributors.

Second, my technique includes the following (I use 4 hours chart only for entry)

- Classic technical analysis as to identify STRONG support and resistance levels from high time frames Monthly, weekly, and daily).

- Stochastic I use (14, 3, 3) will enter long position if it is less than or equal to 20 or short position if it is greater that or equal 80. And I will never enter a trade if it is against my trade direction.

- One of my tradeing mates is an Elliot wave expert, and I use his analysis ONLY to see whether the price will penetrate this level or it will probably reverse from it. (I am learning Elliot waves analysis now so I can do this part myself in the future)

That’s all for now.

Good Luck for You All

Would you post some charts if you do not mind.

Thank you again

Doura

Sure here is one screen shot for USDCAD Ground - Floor levels.

Black levels are from monthly time frame, white levels are from weekly time frame, and yellow levels are from daliy time frame.

Hi Guys

Ground - Floor Levels for GBPUSD. So you can have much more visualization to what I am saying.

Hi Guys

Here is my first trade, GBPJPY has a strong level at 233.59.

Sell Limit GBPJPY

Entries


1 Lot 233.09
2 Lots 233.64
4 Lots 234.19
8 Lots 234.74


S/L 235.09

T/P 229.00


Risk 5%

Potential Reward 34%

Good Luck for You All

Hi Guys

EURUSD has a strong level at 1.3370.

Sell Limit EURUSD

Entries


1 Lot 1.3320
2 Lots 1.3380
4 Lots 1.3440
8 Lots 1.3500


S/L 1.3520

T/P 1.3260


Risk 5%

Potential Reward 15%

Good Luck for You All

Sorry for this question, I think I'm missing something. How did you got in at 233.09 when the price just got to 230.75?

im truly lost here

Now, this is quite interesting!

I really wanted to thank you for bringing this to my attention.

Both above signals were pending orders at the time they were posted.

Right now I only have one lot short on EURUSD @ 1.3320.

P.S Will correct the original posts

Thank you again

Good Luck for You All

Here is my hand >>>>>>>>>>>>> I will show you the way

Just till me what is the missin part and I will explain it to you.

Cheers

Good Luck for You All

This is very interesting... I think it is easy to see these are sell limit orders you are talking about...

I will follow this thread in interest. Thanks for posting it.

One question, as each of your orders become active at ever increasing floors, do you move your stop loss down to compensate for what appears to be an average short position? Or do you keep the stop loss where it started?

Hi, very nice logic, and a crisp clean strategy. You mention that you will add a number of lots at various levels - can you confirm if you are adding 1 lot to make a total of 2 etc, up to a total of 8 or are you adding additional lots to total 15?

Regards BTD.

Hi Friend

Thank you for following this topic.

Stop loss moving or what is called stop loss trialing, is not for every market condition, in my point of view, I only use it if reversal move formed an impulsive move (this is to be confirmed by Elliot waves analysis), in this case only I will be moving my stops to the places the price will not retrace to it before meeting its target.

Good Luck for You All

Hi BTD

I did not understand what you mean but let me explain the averaging process I use in with further details.

Take the GBPJPY I will trade this position as follows

Sell 1 lot @ 233.09
Sell 2 lots @ 233.64 (i.e. did not add one more lot it is totally new ones)
Sell 4 lots @ 234.19
Sell 8 lots @ 234.74

Hope this cleared what you was asking about

Good Luck for You All

Glade it is intresting for you as it is intresting for me too