M15 Trading Method (help required!)

Saw heavy selling on AU and NU though nah be safe so bailed on all

-14% on the day, if I hadn't of lost a few orders I'd be -6% here.


Odds are bad, don't turn a bad day into a blown account, just wait for another setup and do what I've been doing.

Trend change, glad I bailed for a small loss rather than take double it, close call


No setups currently, got to wait for the direction to firm up and move to high of range to enter short ( Well on ###USD pairs )

Shorting AUDUSD here, under the 540, the trend is weak but down slightly so we'll see, it's moderate risk wise but chance of getting in on the ground floor of a turn makes it interesting.


And bugger all else to trade that looks remotely plausible today.

I love it when a plan comes together, selling from 540 holding and waiting, normality has resumed

Took 5% on AU before I went out, just being a wuss after yesterday but worked out nicely near perfect exit fluke 100%.


Markets are turning up again, annoyingly so.......


GBPJPY was lagging on this and near 120.00 so gone 1/2 position long on that tight SL!! So far so good!!

Fed speaking in 40mins, market looks like today was a down blip and previous trend will resume, GJ's doing well.


All pairs seeing buying activity, GJ is ROCKING as I type this

Profit bagged +5% will do, shame on being 1/2 sized


Looking for another entry, only 5% off account highs here then I can forget all about yesterday

EU and GU are still in a downtrend.

AUDUSD is back into a uptrend, why couldn't it of shot up like that last night LOL

EJ Down, GJ Down


Currently EJ and GJ are the only 2 candidates and both need a move up to the 540 or the 0.4%, shame I missed the entry at the us close.

I like to double my odds on getting out with profit, upper range improves odds nicely and near 540 more son.

5% more to get back to profit, I'd like to close the week 20% up, I was aiming for 30-40% for the week, bad time to up my aggressiveness to do this and for the market to change direction hey doh!!

But the plan is working patience!!

Okay, most markets are directionless, ignoring the 540 but respecting the envelope ranges well, both trades long and short would be counter trend if a trend was to occur which makes it tricky.

Guess I'm taking a day off, unless something extreme ish happens for me to jump into, ie a move to the 0.7% level and likely some other support to base it on.

Interesting day, the range part is holding up okay but the range as an entry tool is vague and only works cause 90% of the time 540LwMa will kick in and the trend will hold, today no trend, just chop you might aswell delete the 540 normal a 90% reverse rate and today ignored.

Thought I'd found a slower ma, 860 lwMa works really well on AudUsd, yesterdays lows reversed off it 4 times audusd has loads of other hits, sadly no other pair respects it at all, so guess just coincidence or something going on specific to AudUsd.

Small trade on AudUsd here, picking a bottom using 1.02 as support tight SL, and AU's 860LwMa near there to.

Still no trend anywhere the range is working out but not risking trading on that alone, it worked better today yesterday it was still going for a abit and looking like trend change.

FLAT LINE!!

Some trend formed today, down 5% on the week, first down week in ages so I guess no biggy.

Hopefully a trend week next week, not indecision and confusion.

Laptop died, so getting a new 1 be able to do work and still have the power to trade also a 15GB data allowance + MiFi so hopefully trade more

Found a new EMA which called the bottoms of the recent market over the last week.

1300EMA M15. ( I'm using Envelope 1300ema 0.10% for wiggle room )

It worked well on

EURUSD, 4 trades called near bottom of range, zero losers.
GBPUSD, Same.
EurJpy,5 - 0
GpbJpy same
NZDUSD same


They back test going much further back quite nicely to.

Failed on AUDUSD and USDCAD interestingly

AUDUSD needs 750ema then same.
USDCHF 900ema fits best but Failed last week.

More entrys = more $$'s hopefully!!

Turveyd i'm amazed you place so much emphasis on MA's. especially such random one's like 860 lwMa or 1300ema.

Nice strategy~ with the 66 LWMA envelope

Another strategy variation

Trade reversals at the envelope 66 lwma 0.4-0.7 band.

Example

http://screencast.com/t/jgya481fL

I back test them and work out the stat's on them working, they work cause most likely some buy / sell software for someone big is using it, not magic.


540LwMa has a 80%+ reversal rate, combine it with the range as per 66lwma 0.4% and 0.7% and pretty damn good results.

It works and it's simple, a lot of it is giving it enough room to move and get back on trend and averaging down, put them all together and 1 down day in 8 weeks I guess here.

Making a trade here on EURUSD!!