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Reverse your trades = Profits

  • #21
  • Dec 11, 2012 2:43am Dec 11, 2012 2:43am
Quoting Fxbay
Hi Ronald, This strategy is about "reverse trades" . we are looking for support (buy) and Resistance (Sell). But you need to have different TF to understand the trends...
I think the ordinary system is just like that " When near support we buy and near resistance we sell" so what do you mean by "reverse your trade" ? thanks for your explanation
  • #22
  • Dec 11, 2012 2:54am Dec 11, 2012 2:54am
Example of "Reverse Trades" entries....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyNEW.gif Size: 52 KB
  • #23
  • Dec 11, 2012 3:07am Dec 11, 2012 3:07am
Hi Fxbay,

How about explaining some trades?
  • #24
  • Dec 11, 2012 3:31am Dec 11, 2012 3:31am
hi fxbay,
Thanks for your share.
question :
must sell usd / chf now with SL 0.9382 TP 0.9322 and. That's it?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Capture USDCHF.jpg Size: 71 KB
  • #25
  • Dec 11, 2012 3:35am Dec 11, 2012 3:35am
What indicator are you using? Or how do you know where to draw the boxes?
  • #26
  • Dec 11, 2012 3:41am Dec 11, 2012 3:41am
Hello ed1705,
Here the indicator :
Attached File(s)
File Type: ex4 SupDem.ex4   13 KB | 402 downloads
  • #27
  • Dec 11, 2012 4:10am Dec 11, 2012 4:10am
Quoting flamenco72
Hello ed1705,
Here the indicator :
Thanks

Can you give me some more information about where and when to enter a trade?
  • #28
  • Dec 11, 2012 4:32am Dec 11, 2012 4:32am
This is SupDem indicator (it repaints, based on input) author thread has no indicated, rules of trading and this is based of sam seiden.

It works... but I cannot take every signal and trade.

Quoting FerruFx
It seems to be simply rectangles plotted on chart manually ... Supply/Demand zones.
  • #29
  • Dec 11, 2012 5:04am Dec 11, 2012 5:04am
Maybe i am wrong, but it looks as though you are doing what everyone else does trading off the bounce of sup/dem. Why don't you wait for a sup/dem to be broken and trade the momentum after it, then you will be trading opposite most traders or reverse trading.

jt
"Even if you fall down face first, you still went forward."
  • #30
  • Edited 7:41am Dec 11, 2012 7:01am | Edited 7:41am
latest GBP/JPY chart looking for entry SELL....SL 123.75. Resistance is too hot. BE or TP15pips. We trade 1 standard lot!!!!
Note : Once Support and Resistance is too close..You may choose to stay out till break-out.
TP!!!!!!TP!!!!!!!TP!!!!!!! DONE!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 41 KB
  • #31
  • Dec 11, 2012 7:21am Dec 11, 2012 7:21am
Great! Flamenco..That's what i use!!!!! Try it guys!

Quoting flamenco72
Hello ed1705,
Here the indicator :
  • #32
  • Dec 11, 2012 7:29am Dec 11, 2012 7:29am
Sorry for late reply...That's right and really sound simple to many.

Quoting flamenco72
hi fxbay,
Thanks for your share.
question :
must sell usd / chf now with SL 0.9382 TP 0.9322 and. That's it?

Thanks
  • #33
  • Edited 7:53am Dec 11, 2012 7:38am | Edited 7:53am
Latest AUD/USD chart..looking for entry "SELL" if no break above 1.0517. Happy Pips!!
Simple, easy and powerfull System that make you a PROFITS Trader soon. Best wishes to all!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 39 KB
  • #34
  • Dec 11, 2012 8:39am Dec 11, 2012 8:39am
Looking Promising here! USD/CAD ready to "BUY"..TP(Fib38.2) and SL 0.9856...good lucks
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 37 KB
  • #35
  • Dec 11, 2012 8:50am Dec 11, 2012 8:50am
Quoting Fxbay
Looking Promising here! USD/CAD ready to "BUY"..TP(Fib38.2) and SL 0.9856...good lucks
ok thank you for your signal.
Can you tell me (so I understand better the way you do) if we can take long usd / jpy on H1?
Thanks.
  • #36
  • Dec 11, 2012 8:56am Dec 11, 2012 8:56am
Hi Flamenco72,
Looking at USD/JPY chart now..It may be testing between 82.350 and 82.377. no trade yet as it still weak.


Quoting flamenco72
ok thank you for your signal.
Can you tell me (so I understand better the way you do) if we can take long usd / jpy on H1?
Thanks.
  • #37
  • Dec 11, 2012 9:13am Dec 11, 2012 9:13am
Do you wait for a rejection of a S&R level on the 1hr TF before entering the trade? Example, say buy area is 1.3000. Do you wait to see if the 1hr candle will close below it first and if it fails to low it, you then enter a buy?
  • #38
  • Dec 11, 2012 9:36am Dec 11, 2012 9:36am
Hi BJ1, Yes, We normally wait for few bounces around our example level of 1.3000(Support "BLUE level" for BUY or resistance "RED level" as SELL).
Sometime..It bounce and move on...Do not Chase after it!!!!!! There is alway trades for everyone.
Happy Trading!!!

Quoting BJ1
Do you wait for a rejection of a S&R level on the 1hr TF before entering the trade? Example, say buy area is 1.3000. Do you wait to see if the 1hr candle will close below it first and if it fails to low it, you then enter a buy?
  • #39
  • Dec 11, 2012 9:46am Dec 11, 2012 9:46am
Latest trade for the day...GBP/JPY chart ....looking to "SELL".
NOTE : Remember your SL(Stop Level133.465) too! since GBP/JPY alway spike!!!! beware!!! guys. Happy Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 36 KB
  • #40
  • Dec 11, 2012 3:32pm Dec 11, 2012 3:32pm
Quoting Fxbay
latest GBP/JPY chart looking for entry SELL....SL 123.75. Resistance is too hot. BE or TP15pips. We trade 1 standard lot!!!!
Note : Once Support and Resistance is too close..You may choose to stay out till break-out.
TP!!!!!!TP!!!!!!!TP!!!!!!! DONE!
Good evening. What you've mentioned is how I ACTUALLY trade. I have attached one of my accounts here for you to see the results and how I do it. I simply use pending orders to catch the reversals when they occur. The most important part of trading that way is to realize you have no bias towards any direction. You're simply allowing price action to grow your account.
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