The 200s setup

I think there was too many whipsaw moves. But dont get discouraged becosue at the time i was testing few strategies at the same time and i didnt give this one a deep analysis. So maybe it works better then i tought.

One thing that i found usefull to optimize this one is to only take long setups in the uptrend and only short in downtrend. And also to avoid take trades during asian session due to low volatility.

Hope that helps!

Thanks.

H4 candle closed bearish..idea action is to close all buy trades and minimise losses..but am not infront of my charts,let's see how it goes..

trades stopped out!!!

I decided to take Friday off…I could not get a handle on PA…I went over the last series of trades, and I am forced to admit that this strategy even though “potentially” profitable, we could experience several cases where PA is bouncing off the 200SMA and still get a “sell” signal…using the H4 chart as a filter does not seem to be enough. .we need to bridge the gap between the M15 chart and H4 chart…

Additional entry rules:
Buy: macd (12,26,9) on H1 crosses up
Sell: macd (12,26,9) on H1 crosses down...


the account is up 2.8%.....green pips to all..

Its been a busy week..sell signal activated on usdcad abt 3hrs ago..
Sell@ [email protected]..

H4 bearish candle, close below 200SMA on M15, macd H1 crossed down..today's dollar rally was strong,let's see how it goes..green pips to all

usdcad closed @0.9914

P/L: +12pips

PA at support, cci (200) already close to -150 and turning up

gbpusd [email protected]@1.5943

pending sell usdcad....sell [email protected]@0.9940

all trades closed

gbpusd: +16pips
usdcad: -3pips

both pairs have hit the 200SMA on the M30 charts...waiting for a breach/bounce....US session opens soon..happy pipin

short usdcad@ 0.9926...SL@ 0.9976
short usdchf@ 0.9303...SL@ 0.9353

usdcad closed @ 0.9923...+3pips

usdchf closed @ 0.9328...-25pips

reason for closure: h4 bullish candle formed..

long usdcad and usdchf

After about 2weeks of trading, the account is about 4% up..those are pretty good results if kept consistently over a long term. I recently visited a thread, "ran" into a trader called "favorite"..we've exchanged comments a couple of times..we are not best of friends..after reading some of his comments,I got re-inspired..


Starting 29th oct, I am changing my trading approach (getting a bit more aggressive)..adding a few indicators

Heiken ashi smooth
Macd line indicator
Momentum (14)
Using 200EMA(instead of 200SMA)
60SMA
Using cci (200), 150 and -150 levels for potential exits
Exposure: max 10% (0.2 for every 1000usd)..that gives me an SL of 50pips. The lot size may be entered all at once, or in parts. For $1000, I can have two 0.1lot trades.
We dnt have to wait for our SL to be hit, if the trend starts changing or gets unsure, we get out.

The 200EMA (not 200SMA) is my focal point..

Entry rules:
M15 chart

Buy: PA closes above 60SMA,momentum above 100, macd line above zero, heiken ashi turns blue,PA closes above 200EMA(optional)..with some buy trades, where the 60SMA is below the 200EMA, the 200EMA becomes our potential target area.

Exits:
1. Cci (200) goes below 150 after its gone above 150.
2. The 200EMA
3. Trader's discretion

For sell signals, we do the reverse..close below the 60SMA,heiken ashi smooth (red), macd line below zero.

Why this change? Why the additional indicators?..one answer: the trader called "favorite"..
The acct is currently at $2084.73..within the next 4weeks,by the 23rd Nov we are targeting an equity of atleast $4300..that's about 106% returns..this is a pet project for Mr favorite's benefit..I wish to show how a lot of profit can be made, with controllable risk. I will post my trades when I can, you can also follow the trade explorer.
I will post my new template chart in a couple of hours. I am sharing an approach, not the holy grail. If you take my trades LIVE, you do that at your own risk!!..

Another example. Either scalp or trend.

Long audusd@ 1.0360..SL@ 1.0335..

Added another [email protected] SL

2nd trade closed @1.0353...single buy open @ 1.0360..SL@ 1.0335

Stopped out..day's P/L: -$40..

long cable@ [email protected]

long [email protected]@1.0320

buy [email protected]@103.00

ej activated and stopped out!!...BOJ news