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

Hi again Opemipo

I'm going to answer your question about "magicbreakoutplus" - sorry I don't have it. I don't really think we need any more help from the MBO originators but let's face it we're indebted to them for a wonderful trading system!


However you might want to read the attached PDF which is really helpful.

Also this is very useful when it comes to MM which we must be concerned with all the time:
http://www.truemoneymanagement.com/calculator

Hi everyone

Well today in actual fact was a truely WONDERFUL day for our MBO system. Although I picked up an easy few pips this morning on GBPUSD, later on in the day from 3.00pm - 6.00pm there were great opportunities on the following trading pairs:

GBPNZD, AUDUSD, EURJPY, USDJPY, GBPJPY, CHFJPY, CADJPY


Look at their 4 hr charts and then at their 15 min charts and see if you can spot the easy set-ups!


OK so how do we get around the problem of simply missing out on a trade because we're too busy or we forget to look at the relevant chart? WE USE OUR MBO EXPERT ADVISOR OF COURSE!

SETTING THE TARGET


Guys I haven't really concentrated on target setting - but using the fibonacci levels method as suggested in the PDF is possibly a very good idea. Very simple to do using the "insert/fibonacci/retracement" function on our MT4 platforms.

I have attached todays CADJPY chart as a great example. We take the move before the retracement (93.31 to 93.62) and set our fibonacci extension to show the possible target 93.81 (at 161 extension) so 93.90 would have been a good target to aim for!

Just to add - notice how the signal line on our CCI indi shows NO TRADE - stops one from entering on a false break-out!

Why did you buy EURUSD? On 4 hr it's stuck between the 100's

Hi ed1705

Yes you spotted the mistake. I was messing around (as I always do!) and NOT trading the system

Now everyone can see what happens if one doesn't stick to the rules!



Anyway, we'll start again with $100 demo account - I promise to stick to the rules and let's see the difference

Hi everyone

Well talk about wild swings!!

With price action shooting down and up like a roller coaster one could get really sick - especially if you're losing real money!


I have attached a EURJPY 15 min chart - tradeable but at you're own risk as it did not line up with the 4 hr chart

Hi everyone

Well I set up a new trade explorer (traded quickly anything just to open it) and the balance stands at $101

Let's stick to the rules this time and see what we can accomplish!

Here's another example of a good trade on AU today. 4 hr chart was nicely above +100 and we had a good retracement and re-entry:

OK


So the 4 pairs (that I can see - maybe you can see more?) where we could be looking for re-entry trade on lower time frame are:

EURGBP, AUDUSD, XAUUSD, GBPUSD (although 4 hr on GU is not a go) - The first 3 UP and GU would be DOWN


However as London is closed, possibly it may be too late for a good set-up today

Yesterday there were some great set-ups whereas today only a couple. That's the way it goes - as long as we are NOT trading bad whip-sawing, ranging price action which is what our system avoids!!

Just opened 3 trades on AUDCHF - looking for 20 pips ( times 3)


4 HR chart nice


5 min chart bullish - nicely broken through +100

I took 10 pips guys X 4 of course!

Nice little trade to start and shows very nicely the reliability of our system!


However - the system generally DOES NOT SUIT ASIAN SESSION TRADING due to low volatility

Hi everyone

Looking at AUDUSD -today - UP on 4hr and 5 min

Looking at GBPUSD possible downwards cross of "0" level later will signal resumption of down-trend and we'll open a trade

Hi everyone

Well GU and AU never did play ball

I opened a couple of trades today but came off worse for wear - let's see if we can make up on the EU retracement

Hi everyone

Well you can probably see that I've gone back to PPA trading

The ideal of course is too combine PPA with our CCI MBO strategy for consistent results

Let's see if we can do that over the next few days

Hi everyone

I removed the explorer but will re-post it next week.

I have re-deposited my live account too with $100 and will be trading it exactly the same as the explorer one.

OK SO WHAT ARE GOING TO DO NEXT WEEK?

Trade to plan and plan to trade is what!

15 min chart only - 4 pairs - EU,EJ,GZ,UJ



I going to post yesterday's EU 15min chart which goes from 5.00pm Thursday to end of day Friday and it's very clear when we should have traded and when we SHOULD NOT have traded!

Can you spot the ideal place to enter at around 9.30am yesterday (platform is GMT+1) ??

I am going to adjust the TP of our robot to 40 pips because I think that 40 pips is a good "average" sometimes one can get a lot more of course!


Looking at the EU chart from Thursday - again pretty clear when to trade and more importantly when NOT to trade!!

ZONAL (PPA) TRADING


Guys, I'm posting a 15min GBPNZD chart from last Tuesday. I want to again try to show how zonal trading or "predicative price action" trading can result in many pips IF one understands how price action moves in and around the "zone".

The "zone" is an area 15 pips either side of a BRN. Some people like to use a 20 pip area but I prefer a 15 pip area - more reliable by far. Price action will very often throughout the day sweep through a zone back and forth. And one can often simply set your TP at ...85 or .....15 (if the BRN is a 0000) because PA will very often accelerate through the zero level and stop at the 15 pip margin before sweeping back through the zero level again.

Taking the attached example, there was a easy 200 pips available for those who understand how to take advantage the of zonal PPA trading strategy.

It's something you have to trade firstly on demo - when you actually see it working time after time on multiple trading pairs - you can go live!

PUTTING IT ALL TOGETHER


Hi everyone

Let's try and put it all together! Because it does look like different strategies but it's not really - we can use our EMA's/PPA (zonal trading)/CCI indi - together to look for high probability trades!!

Have a look at the USDJPY chart below.

1/ We have a nice bounce off the daily vegas dynamic support/resistance level (I don't use the whole tunnel just the central EMA's) at 7.30am (GMT) - I've circled it in yellow

2/ We have the 94.50 trading zone just below which we can expect price action to be attracted to and accelerate through the BRN

3/ We have a nice re-entry signal on our CCI indi (-100)


So really, all the factors put together give us a HIGH PROBABILITY trade - TP at least 94.35 (through the zone)


Guys, if anyone wants, I can re-post my template and indi's - just let me know

Hi CurrencyCash

You don't need me to post a trade explorer. I cannot trade full time at the moment so it's useless doing that until I do.



I've posted above all you need to know to trade this yourself! Today was a great day for the system with all the signal elements coming together as I showed everybody above.


So just try trading it and tell me how you're doing.

That goes for all my followers!!

once they do bad they get deleted