Multi Timeframe Momentum Swing Trading

Update Dec 2018

A note about Fx Desk Pro trade explorer in forex factory. looks like FF trade explorer system had a glitch and lost the trade history from 2015 onwards till until Jun 2018.

To see the complete trade history and analysis - go to myfxbook - members/user954/fx-desk-pro/1495918

http://www.myfxbook.com/members/user...sk-pro/1495918

Hi.....
Please how does it work.....?

EUR/USD support 1.1175 - Very good odds of pullback to this area in next session . That will be a good point to enter longs

Latest Closed Trades Close Closed Lots Return Profit Pips
EUR/USD Buy 1.1254 1.1270 5 min ago 10 0.2% $1,532 15
EUR/USD Buy 1.1250 1.1269 5 min ago 10 0.2% $1,822 18

Last two trades above: 15 min timeframe had momentum high. Next higher timeframe, i.e. 30 min, also had momentum high to support. Bought pullback and scalped long

Date June 6 2015; Time : 12:00pm Pacific Standard Time

Eur/USD Levels (Levels in bold are key pivot levels)

Current Price : 1.1270
Levels Above : 1.1330, 1.1387, 1.1430
Levels Below : 1.1263, 1.1230. 1.1184. 1.1154, 1.1127, 1.1080, 1.1005

Technical Structure: 240 min, 480 min charts are strongly bullish from a momentum perspective. Pullbacks on 120 min timeframe is a good long entry. Strong support at 1.1184 area to buy. Next Higher retracement level is 1.1230


-------------------------- Added the same information to OP --------------------------------------------

Now averaging into a long position between 1.1270 and 1.1190 for 240 min time frame play which is pulling back after momentum highs and supported by 480 min and weekly

Overnight EUR/USD had a shallow pullback. Made it right to the 1.1230 level mentioned. Started averaging into a long position as mentioned above. Overnight the target for these positions were hit which was the 1.1330 level mentioned above.

If you look at the charts you will see the kind of aggressive buying that came into the market when EUR hit the 1.1230 level and then it moved up 110 pips in only 60 minutes. I was asleep, but if I was awake I would have been buying aggressively as I did the previous day when EUR dipped to the 1.1080 level I was watching (You can see the aggressive buying in my trade explorer trades)

The two positions were entered and closed for 65 and 54 pips profit respectively.

Closed Trades
Instrument Open Price Close Price Open Date Close Date Lots Return Profit Pips Duration
EUR/USD Buy 1.12600 Sell 1.13250 Jun 3, 2015 6:45pm Jun 4, 2015 1:20am 10 0.8% $6,481.98 65.0 7 hr
EUR/USD Buy 1.12665 Sell 1.13206 Jun 3, 2015 6:21pm Jun 4, 2015 1:19am 10 0.6% $5,391.97 54.1 7 hr

The 480 min chart still made new momentum highs so that means in the next 2 -3 days we expect to go even higher. Level above is 1.1430. So the bias is long
The 120 and 240 min timeframes, momentum did not make new highs on todays push, so we can expect a bit of a pullback in the shorter timeframe - Next 4 to 24 hours.
I will be looking to buy pullbacks based on the levels posted above to play the 480 min momentum highs now.

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Also AUDUSD had a momentum move down - Seen clearly on the 60, 120 min timeframes. So entered a small short position as that pulls back up to play for new swing lows.

Hey 954,

maybe I missed it, but what kind of momentum indi do you use and what settings are good for MTF?

You can use a 8 period ROC or the 8 period standard Momentum indicator. Any basic momentum calculation will do I just do a basic calculation using a spreadsheet

A small milestone today. The account made new equity highs.

The machine learning model has adjusted itself and expectancy going forward is for a maximum drawdown of 30% in future. After the drawdown in Feb it is up over 400% within 3 months proving the training algorithm is working.

This is an aggressive desk trading model that uses high leverage and consequently high risk, It targets well above normal risk adjusted gains.

Very very impressive 954. For last 3 years you have only two months with negative return. Amazing!!! I am in Canada too. Would love to have a chat with you if you are open to talk to strangers . I think I can learn a lot from you.

The model made new equity highs over $11M recently after a major 5 month drawdown again as the AI made a macro bet that the USD would rally strongly which it did

A note about Fx Desk Pro trade explorer in forex factory. looks like FF trade explorer system had a glitch and lost the trade history from 2015 onwards till until Jun 2018.

To see the complete trade history and analysis - go to myfxbook - members/user954/fx-desk-pro/1495918

http://www.myfxbook.com/members/user...sk-pro/1495918