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HEAVY Support/Resistance System

  • #21
  • Feb 10, 2014 10:59pm Feb 10, 2014 10:59pm
Adding my Final equity to USD/CHF Long

Attached Image (click to enlarge)
Click to Enlarge Name: usdchflong3.png Size: 87 KB


Ding 3 position of USD/CHF Long to go, the candle is more obvious at this current 50 zone, showing buyer occurance.
Learn to Trade is Important. Keep your bias & ego aside.
  • #22
  • Feb 11, 2014 2:10am Feb 11, 2014 2:10am
gold got squeezed out, but 1290, would that have been quiet a large sl?
  • #23
  • Feb 11, 2014 3:19am Feb 11, 2014 3:19am
How do you determine TP?
  • #24
  • Feb 11, 2014 1:18pm Feb 11, 2014 1:18pm
Quoting fxfury
gold got squeezed out, but 1290, would that have been quiet a large sl?
Fundamental overpower technical. Thats all i can say What technical can do is give you an idea of price action.
But what Yellen testi today is a gold rush thats causes the SL. Anyway I not in that position due to the leverage with my broker.

Quoting messiahua
How do you determine TP?
TP is mostly take at the next support/resistance or when price start to dance at a small range.


-- Position updates --

Closed my USD Chf Postion #2 and #3 and make roughly 7% returns of equity.


Position #1 still running with minimal unrealized loss.


Added new position

AUD/USD Short - Using Daily Chart to determine entry.

Attached Image (click to enlarge)
Click to Enlarge Name: aushort.png Size: 44 KB
Learn to Trade is Important. Keep your bias & ego aside.
  • #25
  • Feb 11, 2014 1:42pm Feb 11, 2014 1:42pm
Your stop losses are huge. what percentage of your account is stop loss?
  • #26
  • Feb 11, 2014 2:39pm Feb 11, 2014 2:39pm
Quoting driven18
Your stop losses are huge. what percentage of your account is stop loss?
You mean unrealize loss ? For now my loss is like less than $100 of a $4000 account.


Regarding my SL position for the trade I open is roughly on the next support/resistance. I do watch price action to prevent stuck on a bad trend.
So far so good. Price is going as what I see
Learn to Trade is Important. Keep your bias & ego aside.
  • #27
  • Feb 11, 2014 2:52pm Feb 11, 2014 2:52pm
My question , how much of the account do you risk per trade?
  • #28
  • Feb 13, 2014 12:03am Feb 13, 2014 12:03am
Quoting driven18
My question , how much of the account do you risk per trade?

I risk about 30% to 50% per trade.
I set SL and to make my maximum loss to 10-20% of my equity per trade.

---

I closed my USD/CHF & AUD/USD position in 7.2% equity profit. Withdrawn all


Current only Position:

-- Open GBP/USD short & EUR/GBP Long

Attached Image (click to enlarge)
Click to Enlarge Name: GUshort.png Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eglogn.png Size: 53 KB
Learn to Trade is Important. Keep your bias & ego aside.
  • #29
  • Feb 13, 2014 2:34am Feb 13, 2014 2:34am
USD/CHF and EUR/CHF shows a good long entry.

*Deposited money to long this 2 good position *

If you always look at my thread, you will able to see the pattern I am finding at USD/CHF & EUR/CHF long
Learn to Trade is Important. Keep your bias & ego aside.
  • #30
  • Feb 13, 2014 2:51am Feb 13, 2014 2:51am
Quoting chaosbun
USD/CHF and EUR/CHF shows a good long entry. *Deposited money to long this 2 good position * If you always look at my thread, you will able to see the pattern I am finding at USD/CHF & EUR/CHF long
Hi Chaosbun i was reading your thread i am also learning trading S/R, can u explan ur analyses with charts for USD/CHF and EUR/CHF.
thanks in advance
jeet
  • #31
  • Feb 13, 2014 3:00am Feb 13, 2014 3:00am
Quoting jeetvirk
{quote} Hi Chaosbun i was reading your thread i am also learning trading S/R, can u explan ur analyses with charts for USD/CHF and EUR/CHF. thanks in advance jeet

EUR/CHF

Buyer appear at 1.22 zone

Notice the 2 long candle in the past 1 hr and 2 hr
Attached Image (click to enlarge)
Click to Enlarge Name: buyerzone.png Size: 46 KB


--H1 Zoom Out--
Attached Image (click to enlarge)
Click to Enlarge Name: buyerzone2.png Size: 54 KB



For USD/CHF

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 42 KB


Particularly I am looking for HEAVY support such as the candle show in EUR/CHF & USD/CHF
Learn to Trade is Important. Keep your bias & ego aside.
  • #32
  • Feb 13, 2014 8:23am Feb 13, 2014 8:23am
[quote=chaosbun;7278614]{quote} I risk about 30% to 50% per trade. I set SL and to make my maximum loss to 10-20% of my equity per trade.

Wow... 10-20% risk on each trade...you will kill the account....

I wish you luck...
  • #33
  • Edited 9:45am Feb 26, 2014 9:31am | Edited 9:45am
Today outlook

GBP/USD Look like a good buy at this level 1.663x , so do EUR/USD.

EUR/CHF will be good buy when it reach 1.2170, I see more pushing down soon which will be a good entry soon.


The best price for GBP/USD would be near 1.6600 though.



My recent trade was quite well. I am stuck with USD/CHF but unleash most of them.

This week increase my bankroll by a few thousands, probably because I short EUR/USD at 1.3750 and close at 85 today, and also short at 1.3741 yesterday and close at 18 low before it rebounce.

Also did some EUR/CHF grinding. It seems trading get finer when a trader turn 3 years old



Even SPX500 work with Heavy support/resistance trading method

This is an account I open @ Etoro 2 days ago and this is my trade history

Attached Image (click to enlarge)
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I open at etoro just because initially I wanna trade SPX500 with 50x - 100x leverage which my Singapore Broker couldn't provide.


Some FXPro result which I trade 1 Lot ++

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I din't include my singapore broker which I trade with higher balance, the account is also winning, with very little unrealize loss for USD/CHF for now.



So what is a HEAVY Support/Resistance

Simply just look at chart like this

Attached Image (click to enlarge)
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Some chart of USD/JPY

Attached Image (click to enlarge)
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Its seems buyer appear at 101.95 - 102.10 area



If not for recent China issue, I might had long NZD/USD , but for now I will stay out of NZD
Learn to Trade is Important. Keep your bias & ego aside.
  • #34
  • Feb 26, 2014 9:36am Feb 26, 2014 9:36am
Hi,
thank you for share your trading experiece.
I see in your chart that you have HA and BB. You use theese two indicator for determinate Heavy Support and resistance or you analyze only the price movement?
Thank you
  • #35
  • Edited 10:03am Feb 26, 2014 9:42am | Edited 10:03am
Quoting Trading-Code
Hi, thank you for share your trading experiece. I see in your chart that you have HA and BB. You use theese two indicator for determinate Heavy Support and resistance or you analyze only the price movement? Thank you
Hi thanks for commenting. I use Heiken Ashi as my main candlestick, I use it to analyze where Buyer & Seller appear, base on the thickness and length of the Bar.

I use H1/H4 and sometime D1 Chart to analyze. Bollinger Band is just extra information, it factor less than 5% of my trade opening criteria.

Mainly I see price action at certain price zone where historical buyer and seller appear in the past few days, not just some buying, but rather big pushing up/down

Thats why i use the word "HEAVY" Support/Resistance

My method seems to be ANTI Trending trading, but actually I am just following trend, I join in when the seller or buyer appear.


Another chart to share

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 53 KB


Take a look at EUR/GBP chart, you can spot where the selling & buying take place


If you was to trade EUR/GBP , your SL should be place in this way


Attached Image (click to enlarge)
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Somewhere below the zone where the previous Heavy Rally took place


Same thing for GBP/USD long

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdlong.png Size: 51 KB


I would place my SL below the previous heavy buyer zone



However there are some fundamental news that might cause RISK OFF (USD Buying) in regards to Ukraine issue.

So trade safely.
Learn to Trade is Important. Keep your bias & ego aside.
  • #36
  • Feb 26, 2014 6:50pm Feb 26, 2014 6:50pm
Quoting chaosbun
{quote} Hi thanks for commenting. I use Heiken Ashi as my main candlestick, I use it to analyze where Buyer & Seller appear, base on the thickness and length of the Bar. I use H1/H4 and sometime D1 Chart to analyze. Bollinger Band is just extra information, it factor less than 5% of my trade opening criteria. Mainly I see price action at certain price zone where historical buyer and seller appear in the past few days, not just some buying, but rather big pushing up/down Thats why i use the word "HEAVY" Support/Resistance My method seems to be ANTI...
GU close for +33 pips
Learn to Trade is Important. Keep your bias & ego aside.
  • #37
  • Edited Feb 27, 2014 12:23am Feb 26, 2014 11:49pm | Edited Feb 27, 2014 12:23am
I would like recommend EUR/CHF long at present level with a 100x leverage call.

Spread should be less than 50 points

SL need below 1.21

Target profit is just 20-50 pips

Risk : Reward is 100 : 30


Day Chart & H4 Chart seems LONG to me

Attached Image (click to enlarge)
Click to Enlarge Name: ECday.png Size: 53 KB



Fundamental

CHF GDP q/q expect 0.4% , previous 0.5% ( decline ) <- Forexfactory (Due in less than 1 hour )
Germany Prelim CPI m/m expect 0.6% from -0.6% ( increment ) ( Due Today )

indirect market is looking for EUR/CHF long
Learn to Trade is Important. Keep your bias & ego aside.
  • #38
  • Mar 18, 2014 1:36am Mar 18, 2014 1:36am
H4 Chart

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf3pillar.png Size: 43 KB


The 3 Buyer Zone

Buy Zone - Price now
Probability to win : HIGH

S/L - 0.8660

TP 1: 0.8780 ( 60 pips )
TP 2: 0.8860 ( 140 pips )
Learn to Trade is Important. Keep your bias & ego aside.
  • #39
  • Mar 18, 2014 10:59pm Mar 18, 2014 10:59pm
Pick another trade for tonight.

EURO short.

Attached Image (click to enlarge)
Click to Enlarge Name: EUshort.png Size: 47 KB


Risk: Medium (Careful of adding position at 1.3880 - buyer accumulation zone)


Euro stay in the range of 1.3880 - 1.3940 for now, tonight FOMC statement will push out of the gap.

EURO upside limited to 1.4000 (whole number), bias is more towards downside.

Adding short now with a SL 100 ( above 1.400 + 20 pips) to 150 pips away is a good medium term trade.

Short term trade is to add now and a SL above recent high at around 1.3980 should be fine. But careful of whipsaw at High Key Event.
I will still prefer place SL above 1.4000 with 20-30 pips buffer.
Learn to Trade is Important. Keep your bias & ego aside.
  • #40
  • Mar 19, 2014 2:11pm Mar 19, 2014 2:11pm
Quoting chaosbun
Pick another trade for tonight. EURO short. {image} Risk: Medium (Careful of adding position at 1.3880 - buyer accumulation zone) Euro stay in the range of 1.3880 - 1.3940 for now, tonight FOMC statement will push out of the gap. EURO upside limited to 1.4000 (whole number), bias is more towards downside. Adding short now with a SL 100 ( above 1.400 + 20 pips) to 150 pips away is a good medium term trade. Short term trade is to add now and a SL above recent high at around 1.3980 should be fine. But careful of whipsaw at High Key Event. I will still...
Quoting chaosbun
H4 Chart {image} The 3 Buyer Zone Buy Zone - Price now Probability to win : HIGH S/L - 0.8660 TP 1: 0.8780 ( 60 pips ) TP 2: 0.8860 ( 140 pips )

Ding dong. Trade was good. Closed.

If anyone do follow my guide above should be happily counting profit.
Learn to Trade is Important. Keep your bias & ego aside.
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