Happs Trading System

Basically, these are the trades that I could personally see this week.

The first was just buying into a retest at the S/D zone where respect was already shown.

The second one, which was a big one, I was sleeping when it happened.

It was a break back up through the SD zone, then buy on retrace. The break was powerful and I would have taken the trade.

This third is just a price has reached a limit at the S/D zone and shown sufficient reaction. There's no time to wait for further retest on this. The pin on the H1 is too dramatic. Gotta watch out at the mid though, 2250.

Seeing some setup on UCAD, TL + Demand + Parity defense. Also some mild divergence on the h4 and Daily.

1.0013, and 1.0003 are two possibilities.

This is more like a real setup than one of my more speculative ideas. Waiting patiently to see a reaction off the bottom isn't a bad idea either.

AU is showing the exact opposite setup. Overshoot is always a possibility. Then good to wait for price to get back into channel. Is it possible to go from below the mid? Yeah, but I wouldn't be interested. Catches support lower, fulfills its upper target and your trade is toast. So see how it goes on this one.

Sold Aussie 1.0515 and Bought UCAD 1.0008 as per my charts. Reasonable stops, fat reward.

Too much involved.

You'd need an indicator that can create reliable trendlines-there aren't any.

You'd need an indicator that can spot divergence reliably-none can.

You'd need to recreate the Happs Source code since only the coder has it, and the indi is EX4.

Then you'd need coordinate all of these non-existent things into confluences reliably through code...

This is true and confirmed bearish divergence on EU H1, right at supply.

Hi Steve,

do you put the SL on the other side of the zone?

TIA for your answer

G

It depends on your view of the trade and of price action.

If I am trading near a zone and I think I can get 2 to 1 favorable RR off the trade, at least 90 points say reward, then use around a 45 point stop, or try to get stop behind the first fib line the next level up or down past the zone you're trading. That's the best defense against overshoots and stop hunts.

You have secondary supply areas above the main areas, in the large phase, then you have a fib line just past that. Those protect. And you know if that first fib line is blown then your trade most of the time is definitely smoked.

But you have to have some kind of reasons why you think price should turn at the zone, other than just that there is a zone there.

If I don't think I can beat the mid when I take a trade then stops have to be tighter, like just on the other side of the zone.

Right so on Aussie and UCAD I have what I need for RR so I'll use the bigger stop to protect.

Other trades like last week's sell off supply on EU, I was pretty much gunning for the mid and would have taken no more than 25 points...

Hope that helps...

One more thing about that. I adjust my SL as price keeps moving.

Ex. for AU, the top has been tested for 5 four hour bars. So now I want to see price moving away. This is plenty of time for testing.

More tests I interpret as price will probably break through, so I lower my stops some at this point, and reduce my risk.

Took some profit, rest is riding risk free.

My results on my live account for July:

Maybe some bullishness out of EU later..

More on GU..

Looks like EU bulls are headed for trouble..

Hi Stevefx,

Just a quick note to tell you how much I enjoy using Happs along with my Keltner bands I have posted my chart of Au trade taken today many thanks again for the use of your strategy it has helped me identify these critical zones.

Thanks Micvon

Hey Micvon,

Thanks for posting-I'm glad you like the system. I think your chart is showing that you went long on a break of the mid and took profit at the upper zone...

Looks good!

I just posted this chart in AU thread, so people wanting to short AU can consider. Doesn't have to play out but is reason for caution with shorting AU now...See if it gets bought around 1.05-1.0495 on retest of this confluence area that it just broke through...

Here is my AU trades for this week with very limited entries although I managed nearly a trade every day not big wins but all positive-Luv this system

Very Good Micvon. Glad to see your making the chart your own with your indis.

I know what you mean about the small take profits. I fall into that often myself. Then you look at the chart and ask why you didn't hold to the other side-then again

On the other hand, if you get good enough at doing something, and just trade the situations and setups you know to be highly probable, even taking small profits you'll beat the market black and blue. You will take the occasional stop of course but as long as you stay balanced, don't overtrade, you'll keep winning.

Small TPs, no overtrading, fairly aggressive money management but still sensible, sticking to trading what you know-this way you can keep winning... (just one way)..my 2 cents :nerd:

keep posting-Steve

Actually now that I look over your trades it looks like you're just trading from the mid to zone, or near the zone to take TP, so your taking profit in the right place..interesting..

Thanks for the reply steve yes I have been trading in that zone all week with success and yes my money management is aggressive I have been locking in my stop at BE around 10 pips and de leveraging also and pull out at the S&D zones I trade like this with 2 other pairs and it makes for a profitable week thus far in the last 2 months I have had 17 wins and 2 losses using the break of the Keltner channel,it is very conservative trading but very safe and positive for me any way,as we speak I pulled out of the AU trade to early it has just hit the green zone ,ah well its friday and NFP day spooks me a little.

Shorting me some Aussie. Bearish Engulfing pattern out of supply..