Time based transient/recurrent zones trading | Forex Factory

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Time based transient/recurrent zones trading

  • #1
  • First Post: Jun 15, 2015 12:19pm Jun 15, 2015 12:19pm
I have decided to start this thread as my trading journal. I will post my trades here as well as analysis if i feel like. I hope the results will be encouraging and other traders can learn and also make money together. I am not necessarily sharing a system. This thread is basically a journal, but if its useful to other traders it will be my pleasure.
  • #2
  • Jun 15, 2015 12:23pm Jun 15, 2015 12:23pm
I will attach an explorer as soon as possible. I took few trades not long ago short eurusd 1.1280 with target anywhere below 1.1204. Also short audnzd at 1.1100 with target anywhere below 1.1046. If targets change i will post here.
  • #3
  • Jun 15, 2015 12:49pm Jun 15, 2015 12:49pm
There is likely to be a spike to 1.13 (clearing stops) before dropping down like a stone. Be careful with your stops.
Good luck.
k
  • #4
  • Jun 15, 2015 3:19pm Jun 15, 2015 3:19pm
Quoting kprsa
There is likely to be a spike to 1.13 (clearing stops) before dropping down like a stone. Be careful with your stops. Good luck. k
Thanks K. Im prepared to handle any spikes.
  • #5
  • Jun 15, 2015 3:23pm Jun 15, 2015 3:23pm
Gbpusd short signal 1.5605 with target below 1.5490. As usual unexpected or unfavourable news can divert price against my trades but will add positions if price goes against me.
  • #6
  • Jun 15, 2015 7:51pm Jun 15, 2015 7:51pm
Quoting ephisi
I have decided to start this thread as my trading journal. I will post my trades here as well as analysis if i feel like. I hope the results will be encouraging and other traders can learn and also make money together. I am not necessarily sharing a system. This thread is basically a journal, but if its useful to other traders it will be my pleasure.
Great mate, subscribe
Good friends are more valuable than gold ...
  • #7
  • Jun 15, 2015 7:52pm Jun 15, 2015 7:52pm
Subscribed
Solutions ONLY!!!
  • #8
  • Jun 15, 2015 8:28pm Jun 15, 2015 8:28pm
Aud monetary policy meeting minutes may divert audnzd against my trade. So im moving stoploss to breakeven before the news. Plan to short higher if she spikes up
Also 1.10701 is the new minimum target. Below there price could move in any direction.
  • #9
  • Jun 15, 2015 8:33pm Jun 15, 2015 8:33pm
Quoting ephisi
Aud monetary policy meeting minutes may divert audnzd against my trade. So im moving stoploss to breakeven before the news. Plan to short higher if she spikes up Also 1.10701 is the new minimum target. Below there price could move in any direction.
Done Target cleared with a quick push down. Anything below 1.1070 is just extra. Price can go in any direction from here on out. Was expecting about 60pips profit minimum but things didnt playout as expected
  • #10
  • Jun 15, 2015 8:36pm Jun 15, 2015 8:36pm
Quoting BillYon
Subscribed
Welcome on board Billyon.
  • #11
  • Jun 15, 2015 8:37pm Jun 15, 2015 8:37pm
Quoting pedma
{quote} Great mate, subscribe
Welcome on board pedma.
  • #12
  • Jun 15, 2015 8:43pm Jun 15, 2015 8:43pm
Quoting ephisi
{quote} Done Target cleared with a quick push down. Anything below 1.1070 is just extra. Price can go in any direction from here on out. Was expecting about 60pips profit minimum but things didnt playout as expected
I didnt set a take profit on that trade. I intended to close manually so i could get extra spill over pips. But stopped out at breakeven. Great trade all the same.
Trade explorer is up and running. Wish me luck
  • #13
  • Jun 15, 2015 8:56pm Jun 15, 2015 8:56pm
Quoting ephisi
Aud monetary policy meeting minutes may divert audnzd against my trade. So im moving stoploss to breakeven before the news. Plan to short higher if she spikes up Also 1.10701 is the new minimum target. Below there price could move in any direction.
The audnzd short signal has expired. No more short if it spikes higher. Done with that trade. On to the next one
  • #14
  • Jun 15, 2015 10:23pm Jun 15, 2015 10:23pm
Quoting ephisi
{quote} I didnt set a take profit on that trade. I intended to close manually so i could get extra spill over pips. But stopped out at breakeven. Great trade all the same. Trade explorer is up and running. Wish me luck
Hi mate,
i see you have 2 Trade explorers. Are both based on TRZ?
Do you trade on big TF like H4, or on small TF too with the same rule of entry?
Many great trader like Vlady, Jay, etc trade on big TF (the main signal is at H4, entry can be based on PA or other signal on lower TF). I just think, is it a good idea or not, to trade first TZ on smaller TF ... Any idea is welcome ...
Good friends are more valuable than gold ...
  • #15
  • Jun 16, 2015 12:06am Jun 16, 2015 12:06am
Quoting pedma
{quote} Hi mate, i see you have 2 Trade explorers. Are both based on TRZ? Do you trade on big TF like H4, or on small TF too with the same rule of entry? Many great trader like Vlady, Jay, etc trade on big TF (the main signal is at H4, entry can be based on PA or other signal on lower TF). I just think, is it a good idea or not, to trade first TZ on smaller TF ... Any idea is welcome ...
There is only one Trade explorer attached to this thread. Those trased are TZ based. The other explorer is an entirely diferrent system. Yes higher timeframes are better. 4hr timeframe is the best in my opinion. I trade the same rule on different timeframes. But i could also choose to take only 4hr timeframe. 30mins is the lowest i go
Its better for you to trade 4hr timeframe for a start. Everyday will reveal something new.When you have perfected the principle then you can apply it on any timeframe.
  • #16
  • Jun 16, 2015 12:20am Jun 16, 2015 12:20am
Quoting ephisi
{quote} There is only one Trade explorer attached to this thread. Those trased are TZ based. The other explorer is an entirely diferrent system. Yes higher timeframes are better. 4hr timeframe is the best in my opinion. I trade the same rule on different timeframes. But i could also choose to take only 4hr timeframe. 30mins is the lowest i go Its better for you to trade 4hr timeframe for a start. Everyday will reveal something new.When you have perfected the principle then you can apply it on any timeframe.
Thanks mate, good luck with your explorer, I am sure about your TE result, will be very nice ...
Good friends are more valuable than gold ...
  • #17
  • Jun 16, 2015 12:40am Jun 16, 2015 12:40am
Quoting pedma
{quote} Thanks mate, good luck with your explorer, I am sure about your TE result, will be very nice ...
Thanks mate. Looking forward to great results
  • #18
  • Edited 3:42am Jun 16, 2015 3:21am | Edited 3:42am
I have set stops of 100pips each in place. Also adding a filter to these TZ setups. I will only trade in the direction of the prevailing trend of the previous few days. The trend can easiky be defined by a 1hr or 4hr trendlineThese trades with the trend are sweeter and easier giving big moves in short time.
  • #19
  • Edited 4:05am Jun 16, 2015 3:39am | Edited 4:05am
Quoting ephisi
Gbpusd short signal 1.5605 with target below 1.5490. As usual unexpected or unfavourable news can divert price against my trades but will add positions if price goes against me.
New termination point for the next few hours on eurusd trade is 1.1240. Price could head in any direction below there
  • #20
  • Jun 16, 2015 4:20am Jun 16, 2015 4:20am
Closed both trades in profit because they were against the prevailing 4hr/1hr trendline filter. This does not mean that eurusd and gbpusd cannot continue bearish. I just feel unsafe because i know TZs fail more against the trend.Will get more accurate trades with little drawdowns
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