Trial Run for Volume&Range Patterns

Thank you.Yes you are correct I was interested in volume indie.I love volume and trying to understand it better.
Once again thanks

Dec 19
EURUSD, EURJPY, GBPUSD - every pair is looking up, up and up. I can't even imagine taking countertrend positions now. Some fresh money came into GPBUSD and EURJPY, but there is a room for new players (NYN status). EURUSD created a good impulse, but it got all fresh money yesterday, so a pause on these levels is possible (NYY status).

Everything can happen with today's news, certainly, but I believe that even after pullbacks all these pairs will be again on this levels. So I wait only for Buy opportunities.

I came to the comp at the moment of small pullback on H1 in EURJPY and decided to Buy, because:
1)The previous H4 candle created an impulse – good for further movement. But the status was NNN and BW MFI was blue ("Random activity), which means that the movement may continue or may stop and flat.
2)I checked 4 candles on H1 chart (inside this H4 candle, pale blue square) – not bad. After that the next candle was with Brown BW MFI bar – “No interest”. And finally the signal candle (the last which was closed) had NYN status – “Prepare to Open Trade Soon”, and BW MFI bar was Yellow - "Coming money".

With all these points I opened a small (because of #1 point) Buy position, hoping that may be there will be a better pullback to add more.

Update: With the profit above 30 pips now I put BE. Today the largest pullback in EURJPY was about 24 pips. So if the trend continues, this BE will be safe, if not - I will be safe .

I absolutely love the way that you analyze each trade. You do a remarkable job of breaking down each component before entering a trade. You have inspired and motivated me to learn to do the same.

Moving your stop to break even is perfect because it allows you to have a stress free trading running.

Great work!

What broker are you trading with if you don't mind sharing?

My broker - the detailed statement says at the top of the page "Alpari NZ Limited", though I deal with the Russian filial of Alpari.

I don't use break even normally. This one was a rare case when I have strong reasons for BE.

Thanks.

Dec, 19 in EURUSD and EURJPY tells that there was random activity with no hidden ideas, just common technical trading (such is the meaning of a Blue bar of BW MFI and NNN status).

In GBPUSD there is the same random activity, but with YNN status, which is good for breakout.

In EURUSD and GBPUSD there are Green diamonds, which means the disbalance in favour of bulls. If it would be with a Green bar of BW MFI, it would be a bulls trap, most likely. In EURUSD it even looks like hunting for bull stops. But with a Blue bar it is just a fact: the bulls were more active, and still remain on the market, but without fresh money (NNN status in EURUSD and EURJPY) they may need some pause.

Yesterday I opened Buy positions in EURUSD and EURJPY, experimenting with the signals from H1 charts. Not a big deal for now, but nothing dangerous, I keep them running.

The auto expert closed 20% of profit to the last amount of the live account from 4 positions – 3 in EURJPY and 1 in EURUSD, all with the smallest lot.
Demo closed manually, the same 4 positions, though with different lot size. (I can’t understand why the same type of demo account has different parameters in lot size, earlier demo and live were absolutely the same).

Pictures of these trades (1), the live statement (2, the drop is my withdrawal) and the demo statement (3) attached.

Some math for the live account:

I started this testing on Nov, 22.

Deposit 2925 (In fact I started with 2940.35, there were some bread crumbs of 15.35 on the account to keep it alive, but the detailed statement doesn’t take them into consideration)

The balance of the account is 5154.03 now, all trades closed.
(Plus 1000 which I took out.)

The report says, net profit is 3213.68
3213.68*100/2940.35=109.29% from Nov, 22 to Dec, 20.

I’m out of the market till after New Year holidays.

I wish everybody Merry Christmas and Happy New Year! And Happy Trading, certainly!

Very nice results. You are doing a fantastic job. Keep doing what you are doing. You are well on your way to reaching your goals.

Have a Merry Christmas and a Happy New Year!!!

Jan 2
My broker opened MT4 for trading only today, at 9 GMT. So his tick volumes are not informational now, I'll have to wait a day or two. The only clear pattern was formed at the end of the last week on EURUSD/weekly, and it was for "Sell". But the entry price for this pattern is still far below, and I will wait, may be there is a confirmation Sell pattern on Daily or on H4, which will give a better price.
Meanwhile I've ordered one more withdrawal from my live micro to pay for the antivirus license update for 2013.

OK, the entry level of the weekly Sell pattern in EURUSD was triggered - it was at 1.3165. But 1.3160 is considered a key support. Naturally, a pullback was quite expected here. After it happened for 10 pips, I placed a Sell Stop order and if the price moves higher, I will be looking for the better chances to Sell. Oopps, my pending order at 1.3160 was triggered while I'm writing this post.

In the picture is how this Sell pattern looks. Honestly, it is perfect. Three candles are in a line - before the signal candle. People (forums, analytics) say - the next key support is at 1.3010. Due to the perfectness of the pattern I expect the price to be at least at 1.2920, at best at 1.2890.

I will add other Sell trades if I catch such occasion. The first triggered order was for the smallest lot.

The daily candle in EURUSD on Dec, 2 has NYY status - "All money on the table, no more new players". But today, Dec, 3 the price has reached yesterday's low again and still remains below it, and no other signals on H4. I assume that the interest to selling remains, but there may be a flat period between 1.3170 -1.3130, slowly slipping down, before another strong Sell begins.

Another short in EURUSD added at 1.3111, after H4 candle with NYN status.
A supporting idea for this decision is in comparison of two candles highlighted with gray on the picture - a kind of divergence in ranges, volumes and interest.

Two short positions in EURUSD were closed after a bullish candle with a Black dot and NYN status. A move higher is possible. Just now a pattern on H1 appeared, also for upwards. In such situation I wouldn't take these signals to open Buy positions, it would be against the main weekly signal (while I'm writing this, the price moved down again). But as a sign to take the profit they will go. Besides, I don't want to be present in today's Friday market.
These two positions brought 10.33% to the last amount of account. The broker had some technical difficulties with transfers to e-money, my request was cancelled, so I continued trading from the final amount fixed in Dec. These 10% to the account are 1/4 larger than they could be if the withdrawal was performed.

In general, EURJPY is for Sell if it breaks yesterday's low (113.65 at my broker).
EURUSD could be for further Sell today, if not one small detail hiding inside its daily pattern.
GBPUSD has a daily pattern for continuation of yesterday's movement, and it was already implemented from the beginning of a new trading day today, and its selling mood seems stable. The only problem is that now the price is at the lowest Murray line on H4 and H1, and for me it is not the best time to enter new Sell trades.
To resume - with so many "if, if, but" in every pair I am on the fence today.

Jan, 7
On Friday, after NFP, EURJPY created a pattern to trade any first breakout (pic 1, gray color), and the second candle in this pattern itself was a pattern to Sell at breakout of the low, but at first a pullback to its high was possible.

I placed a pending Sell order at the low of the second candle, it was triggered almost immediately, and then the price jumped to the high of this candle. I added a Sell order there, but the price moved even higher, and I thought I was caught, the pattern was probably broken, and SL was rather far according to the rules. Late on Friday it was not the best time for trading. But soon another small signal for Sell came on H1, and I decided to keep the trades till Monday, today.

To add to the rules: When there is a need for a pending order, according to any pattern, wait for a touch of this level, then for a pullback at least for 15 pips, only then place a pending order. For aggresive trading it is possible to place an immediate pending order, but only with the smallest lot.

Note: In the posts earlier I said that this system is not for pending orders. There is no contradiction here. Pending orders based on some alien ideas are not allowed, but pending orders belonging to the patterns are inside the system.

When I opened MT4 today, the price was down, and one more signal for a possible coming (not immediate) Sell appeared on D1 chart. I closed the trade which was opened from the high of the signal candle (pic 1) for 3.33% of profit, and continued selling with the rest. Lately, there was a "Bullish trap" pattern on H1 (pic 2), and the price still can't break this trap.

Jan, 8
No interesting signals in EURUSD and GPBUSD.
One more signal for Sell in EURJPY D1, the second in a row and stronger that the first one (pic). This pair created several signal for Sell recently and no signals for Buy. So I keep my Sell trade alive.

EURUSD on H4 chart gave a pattern "Trade any first breakout". I would like to continue going South, will wait for a breakout there.

Jan, 9
My Sell trade in EURJPY was closed at BE in the Asian session. I was hunting for about 140 pips, according to the pattern, the price moved about 80 pips in my direction, and I thought that if the price would not be able to continue down, there would be no sense to keep this position longer. And the price was back (pic 1). Though the pattern gave those 140 pips from its high border, in fact, but due to my bad entry I saw only a half of them. In the down trending market those pips could grow counting from the low of the signal candle.

A fresh pattern on EURUSD Daily - to Buy from the low of the previous day (pic 2). This pattern has already gathered enough statistics. Yesterday's pattern on EURUSD H4 for a breakout is certainly cancelled now.

The first Buy trade in EURUSD opened at 1.3057 with the smallest lot. This pattern (from the previous post, I called it "Yellow Blues") is a little thoughtful. The price usually "dances" a little before a movemement. May be there will be lower levels to add a Buy.