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Magic-Breakout (optimised) with PPA - a new beginning

  • #21
  • Dec 11, 2012 4:30pm Dec 11, 2012 4:30pm
Hi everyone

Well let's have a look at GBPUSD 15 min chart magic-breakout with PPA.

Unfortunately I dont have an indi that paints horizontal lines 15 pips either side of a BRN so we are just going to have to put them on our chart when we open up the short time frames.

It's very important to have our PPA zones marked in as we've seen already that most times price action responds to the zone. USUALLY ONCE PRICE HAS PENETRATED THE ZONE ONE HAS A 30 PIP GUARANTEED TRADE IF WE ARE WELL ABOVE/BELOW 200 EMA AND PIVOT.

Yesterday, price reached the 6100 zone resistance and fell back to support overnight. However trading today was well above the 200EMA as well as well above daily pivot point so we were looking for upward signals.

When we look at the CCI signal, we really want to see breakout signals (when signal line breaks above/below the 100 level) fairly well spaced apart. OFTEN THE LONGER THE CONSOLIDATION THE GREATER THE EVENTUAL BREAKOUT!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15 min chart.gif Size: 22 KB
  • #22
  • Dec 11, 2012 4:43pm Dec 11, 2012 4:43pm
TRADING THE 4 HR CHART (REVISED)

Guy's I think that I forgot to mention that when we're trading the system using the 4 hr chart, we CAN GET MORE AGGRESSIVE (IF YOU WANT!) AND USE THE CENTRAL "0" LEVEL on our CCI (24)

The way I've set up the CCI (24) with the daily vegas, when price action breaks through the central "0" level, IT IS A BREAKOUT LEVEL!!

As an example, I've attached a 4 hr EURUSD chart. As you can see, by taking the trade on breakthrough of the "0" level, most times will result in 30 - 80 pips (sometimes a lot more!)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4hr chart.gif Size: 20 KB
  • #23
  • Dec 11, 2012 5:07pm Dec 11, 2012 5:07pm
Jmtini,
I use an equidistant channel set to a color that is just off of my background color.
I just throw one on the chart then go to its settings and adjust.
Say you want a zone around the 1.6100 of the GBPUSD.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 11 KB


Set the first 2 values to 15 pips below (1.6085) and the third to 15 pips above (1.6115).
I check the box for Ray
Attached Image


If you want a solid box check "Draw object as background"
Otherwise it will be line that you can adjust thickness or type
Attached Image
Attitude can reflect outcome in life and trading!
  • #24
  • Dec 12, 2012 2:51am Dec 12, 2012 2:51am
[quote=krmo;6283843]Jmtini,
I use an equidistant channel set to a color that is just off of my background color.
I just throw one on the chart then go to its settings and adjust.




Hi krmo

Thanks so much - My goodness it's a good idea that I should learn how to use the MT4 platform!

What I was really thinking of also was looking for an indi or ea that alerts or even enters a trade when the signal line on our CCI indi reaches +100 or -100. Otherwise one can so often miss a good trade - one is really throwing money away by constantly missing out!

  • #25
  • Dec 12, 2012 3:02am Dec 12, 2012 3:02am
Hi everyone

Here is an update on our major pairs:

GBPUSD - Well I missed a nice 15 pips this morning on the break at 7.00am downwards!

AUDUSD - Am long here on re-test of 0550 zone at 0535 using our PPA rules and looking for 30 pips to 0565

EURJPY - VERY BULLISH - am long and looks good up to and probably through the 108 zone - note how on the
15min chart one cannot even see the bottom -100 level as price action is breaking out the +100!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 15 min chart.gif Size: 20 KB
Click to Enlarge Name: audusd 15 min chart.gif Size: 20 KB
Click to Enlarge Name: eurjpy 15 min chart.gif Size: 19 KB
  • #26
  • Dec 12, 2012 3:27am Dec 12, 2012 3:27am
Guy'sI hope you are with me on EJ and AU - told you they were VERY bullish!
  • #27
  • Dec 12, 2012 7:48am Dec 12, 2012 7:48am
Quoting jmtini
Guys as I mentioned, it's not just about taking trades at the right time but NOT TAKING ANY TRADES AT THE WRONG TIME that really makes this system absolutely wonderful in my view!

Here is the GBPUSD 15 min chart - as one can see, no trade this morning - signal has been inside the "no trade area" since 3.30am - but if we get a spurt upwards and the signal line again reappears above the 100 level we'll be ready!

The original magic breakout strategy rule states then when the signal line returns below the 100 level, there must be at least 5...
Hello,

Sorry, I have read the whole thread like 4x and im not still very sure I understand fully how you trade with.
I understand you enter with the breaking out of the CCI?? but you don't trade ONLY the breakout of the cci solely?
You trade the cci breakout combine with price moving around BRN or RN right?

I really love the simplicity and I would like to demo and learn more from you if you don't mind. I do hope you don't find my questions too silly to answer.

Thanks
Cheers.
  • #28
  • Dec 12, 2012 8:46am Dec 12, 2012 8:46am
Quoting wayne01
Hello,

Sorry, I have read the whole thread like 4x and im not still very sure I understand fully how you trade with.
I understand you enter with the breaking out of the CCI?? but you don't trade ONLY the breakout of the cci solely?
You trade the cci breakout combine with price moving around BRN or RN right?

I really love the simplicity and I would like to demo and learn more from you if you don't mind. I do hope you don't find my questions too silly to answer.

Thanks
Cheers.
Hi Wayne

Sorry if it's not too clear for you.

I will just go over the simple rules. We ONLY trade break out (signal line) of +100 and -100

Really all you have to do with this system is watch the CCI indi.

When we enter on a breakout we use PPA (predictive price action) zones to MANAGE the trade.

Rgds

Jerry
  • #29
  • Edited 9:00am Dec 12, 2012 8:49am | Edited 9:00am
Hi everyone

Well all targets reached on EURJPY and AUDUSD

As our PPA trading strategy predicted we went through 108 (EJ) through to 108.15 where I took profits.
  • #30
  • Dec 12, 2012 8:51am Dec 12, 2012 8:51am
Quoting jmtini
Hi everyone

Well all targets reached on EURJPY and AUDUSD

As our PPA trading strategy predicted we went through 108 (EJ) through to 108.15 where I took profits.


I have re entered on EU at 3035 as we are still in the zone - targeting 3065

P.S. For those new traders just starting to learn the system I suggest trading this on the 4hr chart.
You should be well up on EU if you had!!
  • #31
  • Dec 12, 2012 9:02am Dec 12, 2012 9:02am
Guys

Interesting situation regarding EURUSD

If you are trading this on the 5 min chart you will have had a sell signal for a few pips - Be careful because the higher time frames are showing no trade!

If you are trading this on the 15 min chart - no trade - awaiting a new signal!


What it shows is that one can trade the system on whatever time frame chart you want. I must say that I prefer the 15 min chart but the 5 min certainly gives great signals too!
  • #32
  • Dec 12, 2012 10:30am Dec 12, 2012 10:30am
Hi everyone

Just wanted to show you how incredible this strategy is

I'm posting my account statement for the demo account I opened a couple of days ago, 10th December at 9.30am

Doubled the balance in 2 days!!
Attached Image (click to enlarge)
Click to Enlarge Name: statement.gif Size: 46 KB
  • #33
  • Dec 12, 2012 11:05am Dec 12, 2012 11:05am
Guy's

PLEASE - those who have downloaded the template and tried trading the strategy - please feel free to post your experience here - it will help us all - thanks!!
  • #34
  • Dec 12, 2012 11:13am Dec 12, 2012 11:13am
EURUSD 15 min chart no trade since about 2.00pm

EURUSD 5 min chart - no trade at the moment

We'll - we have been well above the 200 EMA and daily pivot which stands at 2985

So, it's been an UP day and the magic- breakout signal has given us a few nice trades!




I think that this evening we'll try to help newer traders to set trades - SL and TP using the strategy

I will also start looking into an indi or EA that might help us with alerts when a good trade set-up is imminent
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 15 min chart.gif Size: 20 KB
Click to Enlarge Name: eurusd 5 min chart.gif Size: 18 KB
  • #35
  • Dec 13, 2012 1:37am Dec 13, 2012 1:37am
Quoting jmtini
Hi Wayne

Sorry if it's not too clear for you.

I will just go over the simple rules.
When we enter on a breakout we use PPA (predictive price action) zones to MANAGE the trade.

Rgds
Jerry
Thanks, I'll do just that and i'll try post some trading charts.

Cheers
  • #36
  • Dec 13, 2012 4:39am Dec 13, 2012 4:39am
Quoting wayne01
Thanks, I'll do just that and i'll try post some trading charts.

Cheers

Hi Wayne

Stick with it. It's the only way to trade and win. I've only been trading it exclusively now for just over a week and I'm still experiencing the uniqueness and power of it. For instance this morning the bias has switched to down - our 15 min charts and 5 min charts showed it very clearly and helped us to AVOID MAKING THE WRONG TRADING DECISION which is really what it's all about - avoiding losses!

That said however, I would ask people to continue trading this on DEMO this week because we are going to be looking at optimal trading conditions to make even more sure of winning trades with lots of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15 min chart.gif Size: 20 KB
  • #37
  • Dec 14, 2012 7:04am Dec 14, 2012 7:04am
Hi everyone

Well it's been an interesting couple of days with a lot of whipsaw movement on EURUSD due to news movement the price violently one way and then the other!

Although our strategy has stood up PERFECTLY to the situation, I have not traded. I again want to stress that it's always best to trade when trading conditions are optimal and that is what we are going to analyse over the weekend!
  • #38
  • Dec 14, 2012 7:23am Dec 14, 2012 7:23am
GBPNZD

Guys watching this one carefully for a possible trade through the 9200 Zone

NB: TRADING CONDITIONS ARE NOT OPTIMAL - NOT A GUARANTEED TRADE
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd 15 min chart.gif Size: 22 KB
  • #39
  • Dec 14, 2012 3:19pm Dec 14, 2012 3:19pm
Hi everyone

Well GBPNZD went the other way (sell) and ended up yielding good pips if one was patient

Lovely late afternoon wasn't it! EU sprung into life and I agree that it was difficult to catch so I am busy looking into an EA that will open trades automatically when our 100 levels are breached.
  • #40
  • Dec 15, 2012 1:00pm Dec 15, 2012 1:00pm
OPTIMAL TRADING CONDITIONS

Hi everyone just a word or two on this important subject.

I've posted two charts.

Note how on the 12th December, all our EMA's lined up nicely, we were well above the 200 ema and daily pivot.
A PERFECT TRADING DAY

But on 13th, note how price action broke down through the 28 ema and 62 ema's. No longer optimal!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 15 min - 12th dec.gif Size: 16 KB
Click to Enlarge Name: eurusd 15 min - 13th dec.gif Size: 20 KB
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