TEB: Daily Strength/Weakness Trading

trades in

Big statement from the EUR- strange talk out there about it.
So I am closing down everything and will wait until after it.
it will likely be nothing.

closing down the usdjpy - its going to where fast
the eur is a great victim

closing everything down before the closing

Looks like a turn in the market

mike I moved from the w - d and 4h down to my hour system
there is what I have on

One of the greatest winning points is a good reward to risk ratio (RRR)
I like a 3 to 1 RRR
as the forex trends so well this works well
here are two trades the 1st one was taken out by news
the 2nd one was a winner over 120 pips on the two trades

this system uses just 50 & 5 sma
and rejection candles

not taking trades
my long and short trades are all set

all short term trades closed
the last 3 trades I shortened the take profits before the London close
I still have my long term trades on

closing all my long term trades
with the fed on wed I do not want to hold over the weekend

at the close here is how I see strength weaknesss

does anyone watch my rankings?

yes everytime you post it! just trying to figure out how to do something similar on my own

any hints or guideline on how you do it?

Yep

I find most pro system on the internet are not for Forex or Futures Forex.
Systems like VSA / Wyckoff were not made for Forex
ie. different names and ideas for bears vs bull moves.
in Forex of coarse it doesn't matter up or down - in Stocks and commodities it does.
Added to this it is just way to complex especially with names some rather silly.
But the most important point is they way under estimate the trend factor.

Other systems like Online Trading Academy and supply and demand zones again were made for Stocks and commodities
They just do not work so well in forex.
- it has been said forex finds the pain and over shots it,
Supply and demands are real in the forex chart but price more often then not does not respect the zones
but shots beyond and then comes back to Supply and demand
using this alone will blow out an account
Even in Stocks and commodities Online Trading Academy rarely win more then 50%.
In Forex its way less.
Now they are teaching to buy in before the zone- its own success in Stocks and commodities may be their undoing,

The reasons all these system fail is simply because forex trends way more.
and so blows through zones and even volume norms

forex is simply a matter of finding a trend then moving in strength/weakness with the trend.
from a pro-retracement

I use the following ideas and terms
One of the reason I like on here it gets me thinking
It took me two years to figure out the terms
and everyone one has different ones -
weakness - supply - Up trust - Pin Bar
I had a brain storm today
why not make it easy !!
basically its just buyers and sellers

so I am going to start making it easy

BT – Buyers Trend ST – Sellers Trend
PB– Pro Buying (Accumulation Phase) PS – Pro Selling (Distribution Phase)
BZ– Buyers Zone (Demand Zone) SZ – Sellers Zone (Supply Zone)
BB – Buyers Bar SB – Sellers Bar
SB –Sign of Buyers Bar SS – Sign of Selling Bar
SBR Seller Bottom Rejection Bar BTR Buyers Top Rejection Bar
SR –Sellers Rejection Bar BR – Buyers Rejection Bar
STO– Seller Takeout Bar BTO – Buyers Takeout Bar