When Price is UP, buy; when Price is Down, sell short...

Hi Sunshine, any reason why you did not close the AU trade when you were up I think 50 pips?

yes duderoo...plain stupidity...

u know i was thinking of taking that profit which would have put my account about $AUD250 in the green and lifted my trading from a "Trading NOT to lose" to an attitude of "Trading to Win"
there is a vast difference between these two mental states and attitudes, like east is from the west...that's how vast they are apart.
The one is a Losers mentality and the other is a Winners attitude.
since i opened this public thread i've been stuck in that Losers state....yea why ?...people are watching, don't go make a fool of yourself, which is exactly what will happen if i persist.

to illustrate::

i saw these buy signals in the 4hrs in both the Cable and Geppy but i didn't take any...why not ? because at that time my Ozzie trade has dipped again in the red and i thought...why risk more, wait until green then take new trades>>>Losers mentality. i got stopped out for a $183 loss AND i didn't take the Geppy trade that would have wiped the slate clean plus more gains.
My point ? if i did close out the ozzie for the previously mentioned gain than i most certainly would have taken the geppy trade ts bcz that was the one i favoured above the cable ts bcz the 4hr buy signal in this fxprimus platform was much more bullish than in my other trading stations or brokers.

to illustrate the handicap that a public account has on my trading performance i include the 4hr chart below.

in one of my other not public accounts i took the trade on the GBPUSD, see below. on this trade there was no stress,...no one watching and the trading account is up many fold.

Attached Image

anyone interested in some trading analysis and trading signals for this coming week of May ?

in other words:

1. which way to trade for the coming week,
2. i found that it relieves the stress and anxiety when one knows which trade signals to look for in which tf.

​if no one is is interested in a specific pair then i wish all traders a good mental state and a sound discipline for this coming week ...good luck.

Hi sunshine, I am trying to focus on 1/2 pairs and USDCAD is one I am favouring. Any trade analysis on that one, and perhaps EU?

HI Sunshine,
see attached my EURUSD analysis,its on a retracement of the bullish,selling projected till the point it confirmed selling on weekly to look for possible buy continuation with this strategy

hi Sunshine,
see the attached

hi to all, just wanted to ask if any of you notice a data error on your practice/Demo accounts
my live account is fine but demo data is all wrong.

Hello duderoo,

thank you for your questions and i hope all is well with you and your family.

As you very well know, our method has indicated a Trend Change on the Weekly as well as the MonthlyTrend Indicator Charts, therefore we are looking for Sell Signals in the 4hr & daily tf's.

USDCAD::

 

1. 4hrs: at the moment we cannot short as the 4hrs has generated an intraday bias, so we stand aside for now,
2. 4hrs: when price forms and completes a -brb [bearish reversal bar] we are allowed to send in a short probe, a probe is a much smaller trade size than we normally trade.
3. 4hrs: an Engulfing bar is preferred but not necessary.
4. 4hrs: should price continue down until it closes below the LSL then we have confirmation that the Weekly Down Trend has resumed, we may then enter our normal lot size...observing the recommended SL.
5. 4hrs: TP can be towards the close of the London session OR when we encounter multiple BT's [bottoming Tails] OR after the 1st Green bar OR a few bars after the last 4hr bar high has been violated { price does not have to close above that high, could be just a spike up and then bar close red again}

similarly for Daily tf.
the EURUSD will do in next post.

EDIT: price can retrace as far 2327 before reversing down again, keep this in mind.

hi timilehin,

correct.

Please note;

Monthly Indicator Chart:

1. the Monthly Indicator Chart is still Down, no Trend Change there...
2. Thus the Daily is currently obeying the Mthly Trend as it gave a Short Signal on the 7th which is still in effect.
3. should the Dly close below the LSL which was formed on the 4th [1121] then we will have a confirmed Sell Signal.

​Weekly Indicator Chart:

1. Weekly Trend Indicator has changed to buy 2 weeks ago,
2. the Signal Generating Chart, 4hrs, is currently on intraday shorts, meaning...no buys yet until i form a +BRB or close above my LSH.
3. but u may send in a long probe on formation of a +brb
4. resume your normal trade size after price closes above the last 4hr Swing High Close.
5. also currently in 4hrs, price has violated the high of the last 4hr bar but this 4hr bar of mine only closes at 11am and it is now almost 9am.
6. my 4hr charts below has a yellow star on it to remind me that i am anticipating a +brb, so send in a buy probe shld it materialise.

​EDIT: if u can't wait that long then intraday buys are ok now after the last 1hr bullish bar close

​i have not covered this, but i will mention just the same... the Daily is in its Sweet Zone and ripe for reversal...adding more weight to anticipated longs.

Please take note of the AUDJPY pair, i favour it today for longs.

Hi gopips,

Which broker are u using for your Demo.

Good Morning Sunshine and everyone
I know the data problem may be broker dependant but just wonder if any others have same problem
broker is ETXcapital , I have talked with them and thought they would have fixed by now but no luck

anyway it's not a problem as long as live account is ok

I took a Long trade (scalp) on EUR/USD at Frankfurt Open @ 1.11490

ok good.

have a look at the AUDJPY for scalping.
a 15min +brb shld permit buys again,
or just use the same method for scalping with entry signals charts tf's scaled down appropriately.

cable & geppy making moves in the right direction too, unfortunately i am still in Losers Mode:: Trading not to Lose.

why not try some quick scalp trades just to get your eye in and build confidence

yes u right and very perceptive, speaks volumes to me about your trading maturity.

i saw the EURUSD developing on 5mins and then i found myself arguing to go big size... so i just left it alone...i'm not ready yet...when i am ready...i feel it in my bones.

anyway, thanks for your concern and encouragement gopips...appreciated.

PS: AUDPY 5mins looking good

hello traders,

i am still in my trades and moved all except one to breakeven plus some. Yesterday i could not resist after seeing the entry ts of GBPJPY. i entered but not optimal i.e. i entered 30 pips too late after i saw the trade set up, anyway had a lovely 187 pip run

below is the EURUSD 4hr chart that closed above its LSH thus permitting longs {see purple line on chart}...should u take the trade then observe the recommended SL for 4hrs.
the yellow x i placed there yesterday below price to remind me what i am looking for in 4hrs.
[bcz wkly trend changed to buy]

EDIT:: Please compare this 4hr chart with yesterday's 4hr chart of post 150 and take note that price action has resulted in a NEW Swing HIGH, therefore we have to remove the older SH purple line that was formed bcz price did not close above that. is it clear ?

EURUSD Daily Tf

The EURUSD monthly Trend Indicator Chart is still in Down mode AND the Daily tf is currently obeying that sell signal of the last Thursday the 7th, BUT should price action today result in a +brb than long probes are in order. Observe the recommended Stop placement for the Daily as per our method.

If in the other hand, price close below its LSL than it is a confirmed Sell Signal.
The Daily LSL is the white horizontal line just below today's candle. see the Daily tf below for better illustration.

next chart is the AUDJPY 30mins stacking chart.
NOTE: both my 2 prior trades have their SL's moved to b/e plus some.
please see the 30mins Stacking Chart below...the top yellow SL line is this last trade, about 37 pips risk.

Attached Image

AUDUSD Daily tf

if price can close its current daily bar around where it is currently at 7940 than we will have a confirmed Buy Signal for tomorrow..keep that in mind should u want to trade the Ozzie today, by that i mean, don't be too hasty in taking profits on longs today.