SS S/R - super stupid S/R trading experiment

Really good results - Maybe I need to pay more attention to what you are doing! I love the touch trades and placed quite a few "touch trade" pending orders today.

Here is a trade that I think is more based on your recent trading method, but I used a trendline this time instead of horizontal S/R.

I think we will get the same results in long term. I was trying pure touch trade with wider SL but I lost it. I need to trade with very small loosing trade because of my feelings. I hate big SLs. Bear in mind it is testing account and results can be different when I deposit.

I think you should test my method first to know if it fits you. Maybe touch trades fit you better and will bring you better results in long-term.

And very interesting trade elway.


... I've just open aussie



I took a look at every single trade I made. All winning trades has a common sign - they are false break-outs. Im adding this condition to my testing system to decrease number of trades.

SL hit

waiting for confirmation on kiwi

Im learning to place SL at better place at the moment. It is too tight.

Maybe it is time to place TPs and wider SL. I took this one few min ago.
Aussie hit SL and went my direction. It is good example of good timing and bad SL location.



Feel free to join me and help to develop this system.

Hi, i want to share with you my entry at aussie

I trade also s/r zones as you do, but i wait for more confimation

i'm already at BE right now, just waiting till TP gets hit :-)





closed at 0.92666

3 Touch trades triggered last night and so far all are good. The EurCad one was an experiment with a touch trade back to the level of breaking a trendline.

How do you place SL guys? I really like your trades. It is very tricky part of S/R trading. Thanks

adam

No possibility to check my trades. It will be basic SL or TP. Perfect set&forget strategy

Adam,
A while back I read one of the senior contributors at the J-16 thread say that if you are going to do the touch trades on a horizontal Breakout & S/R, then you could put the SL behind one of the short candles before the breakout occurred. This is what I am experimenting with and it has worked so far.

I think this is one of the better methods to use if you want to "set and forget" it. My trades have had R:R of 1:3, and I have been getting much better than a 50% success rate... actually the success rate has been unusually high, but I won't brag about that until I have been trading this way for a while.

ew

Re:SL and TP

This one missed my TP by a couple of pips and formed a Pin/hammer. I place and/or adjust most of my orders in the evening or early morning (Central time). In this trade I moved the SL closer, and now since there is a Pinbar, I am considering closing it. Don't remember my initial SL but it should have been around 17. If I get out now I will still have 37 pips profit.

Adam
Really enjoying this method. Thanks!

I'm still doing mostly the "touch" method you initially referenced instead of the second type. I did do a couple of those too though, but it seems to make the R:R much smaller. I hope the success level of this method the last week is indicative of what can be expected regularly!

I had two more trades hit last night. On the Eur-Aud trade, it is the second time I have traded that Resistance line. The stop losses on these two trades haven't been moved, so they show at least what I am experimenting with.

I'll give a chance to touch method as well. Could you show me your SL method in pictures please? I'll try to trade touch trades and publish my trades. I would like to discuss it with you. Im still unable to check my trades, and I dont care about them. It is testing account. Next week is touch trade week. Please show me your SL, I can see what you wrote but im not sure if i understood correctly. And do you take profit at FTA?

What I like about touch trade is that you dont have to be online. You place your orders and leave your place. Do you trade only H4? If you have some time you could describe your system more deeply.

Thank you elway.

a.

Im taking this one in FT



Are my orders placed correctly? RR seems to be very often about 1:1. It is OK if I hit win rate 50%+



And this one is very interesting. We could expect downside movement, but Im not confident to place Sell Limit order. Im placing buy limit instead. Im placing TP at FTA at the moment because it is almost always reached.



This one is really tricky for me. Was it multiple retest or it is right time to short it? I dont like retest immediately after breaking out.


It looks interesting but RR is not very high. Few loosers will delete my winners. Another situation. Is that box whre arrow is placed good to follow for placing my order. It is not strong but is very interesting.



I placed it too low...



Placing an order with negative RR. I dont hink market cares about my RR. I made few trades and looks to be easier than I thought. I will definetely test pure touch trades. Looking good, but sometimes it is tricky for me.



Do you remember this level? I placed there buy limit few trades ago. Should it stay there and be hit? I dont open it again because I have seen this level had been already rejected. I need to be carefull.

This one is tricky for me. I dont like retest of S/R immediately after breakin out. I waited for deeper sell-off and then placed my order.



Perfect break-out (BO) so I expect another retest of previous S/R. I had no idea where to place TP so Im placing it at the low of that big bearish candle.



I see there some interesting levels I didnt see in "real time" maybe they werent so visible at that time.



Another one with negative RR.



This one could be a loss. I got lucky. Could I place order at better price?

Im going to take a rest. Unbelievable results. I was probably very lucky in this period. This backtest has no relevance for me as I didnt experience any DD. But it is really cool method. Feel free to share your real results if you have some.

Have a nice weekend guys.

Very close...

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