Hedge Fund Styles Trading - Long and Short Term Setups

Merkel, Hollande to Determine Europe Response to Greek ‘No’ Vote:

German Chancellor Angela Merkel will travel to Paris on Monday for talks with French President
Francois Hollande to map out the way forward for Greece after voters upended more than five years
of crisis-fighting by rejecting creditors’ terms for rescue aid.

The trip, announced Sunday shortly after polls closed in Greece, is “to jointly assess the situation
after the Greek referendum and to address the continuation of Franco-German close cooperation
in this matter,” the chancellery in Berlin and the Elysee in Paris said in separate e-mails.

The leaders of Europe’s two biggest economies will help shape the euro-area response to one of the
greatest challenges to face the common currency region after projections showed Greeks had said “No’
to the conditions set by creditors for aid. The European Central Bank’s Governing Council is also due
to talk on Monday with a decision pending on what to do about Greek lenders that are dependent on its
emergency credit.

More Reading Here:

Greece No Vote to Spark Haven Rush as Euro Slips With Aussie:

The first shock waves from Greek voters rejection of austerity were felt in the currency markets,
with the euro down against major peers and Australia's dollar sliding to a six-year low. Analysts
are tipping a flight to safety, with Treasuries and German bunds to benefit.

The euro lost 1 percent to $1.1002 by 6:09 a.m. Sydney time, touching its weakest level since
June 29. The currency slipped 1.7 percent against the yen and 0.9 percent versus the pound.

The Aussie fell as much as 0.9 percent to 74.52 U.S. cents, the first time its broken 75 cents
since 2009, as the referendum result dimmed the appeal of higher-yielding assets. The kiwi slipped
0.6 percent, even with China stepping up efforts to arrest a stock-market selloff at the weekend.

Read More:

My U.S Session Daily Watchlist ( Day-Trading Setup Only ):

USD/CAD - Market Sentiment :Bullish

CAD/JPY - Market Sentiment: Bearish

NZD/JPY - Market Sentiment: Bearish

NZD/USD - Market Sentiment: Bearish

AUD/JPY - Market Sentiment: Bearish

AUD/USD - Market Sentiment: Bearish

EUR/JPY - Market Sentiment: Bearish

GBP/USD - Market Sentiment: Bearish

I have a method called "1617GMT Technique", and I tend to use it whenever I feel like trading in
the morning, and it works GREAT during the London Session as well, and if you want to test
that Technique for London Session... You would have to call it "09/10GMT Technique" for a proper name
based on the Session you are trading it.....

The concept is very simple, and easy to understand...During every Session there's always a small Trend within
the Major Trend, and if the small trend matches the Major Trend...You can target as much as 100+ pips profits.

Basically, this is a Combo Technique where you can Day-Trade for a few hours during the London Session or the
U.S Session, and Hold a small position for the next days.

For Reference Purpose Only, GO HERE:

USD/CAD Insight :


CAD/JPY Insight:


NZD/JPY Insight:


NZD/USD Insight:


Note: NZD has been Strengthen a little bit this morning, and you can either Trade NZD/USD or NZD/JPY...It's too risky to
trade both at the same time...The Correlation is a bit off since the Overall Market Trend is BEARISH

AUD/JPY Insight:


AUD/USD Insight:


EUR/JPY Insight:


GBP/USD Insight:

I was thinking about doing some updates from these pairs above, but You guys know the grill if you have
my Template/System....Honestly, there were a lot of pips to be MADE TODAY....

Out of 15 Trades, I lost only 3 of them....Clearly My Stop-Losses were a bit to tight, because the Market
hit my SL and reversed right away.... That was an amazing day, and I didn't expect that much Volatility
on them pairs.....

Anyway, I look forward to seeing what Wednesday brings!!!

Later gangs!

Upcoming Daily Market Calendar:
Wednesday, July 8th, 2015



Impact News Events:

EUR..........Eurogroup Meetings

GBP..........Annual Budget Release

CAD..........Building Permits

USD.........FOMC Meeting Minutes

JPY..........Core Machinery Orders

AUD.............Employment Change/ Unemployment Rate

CNY..............CPI ( Chinese News affected Aussie Dollar )

Potential Pairs to trade :

EUR/USD - GBP/USD - USD/JPY - AUD/USD - AUD/JPY - USD/CAD - AUD/CAD - GBP/CAD

Hi,OctaveJay

Great Results. Please can you give some more details just to see on template how it works .How many pips in how many days these 15 trades at which TF you took etc

If you do not mind and have time.

Please can you post some trades on your template Charts if possible with pips so every one can understand how powerful these indictors and how to use better.
Addition to Indicators what other factors you have considered like HTF( which one 4hr /daily or weekly and which candela are should be in same colour along with trade candle

I am seeing deep bar indicator is great and give many pips at LTF with direction to HTF ( but HTF still needs to figure out 1hr/4hr/daily or combination etc)

Thanks

MK

Hi OctaveJay,

Just like MKFx has said, please give more details how to use the system. How to look for a setup in this system. Deep Bar indicator is wonderful.

Thanks

Macajos.

Hey MkFX,

Thanks for stopping by and I will do my best to answer all your questions, and if you are not
too satisfied, feel free to ask more questions.....I will do everything I can until you truly understand
the process here.....

First of all, before you do anything in this Market, you "HAVE TO CREATE A DAILY ROUTINE", and
if you don't; you will make mistakes after mistakes and get frustrated....Trading should be FUN and
EXCITING when you do the right thing....

I like to use Steps, and I hope you do too, because it helps you to maintain FOCUS, and create Consistency.

Step#1 - You need to check your FF Calendar to see what are the Daily Impact News Events, so that you can
avoid any unnecessary Volatility (But Volatility is GOOD when you are on the Right Side of the Trend )

Step#2- Use My Top8Trendies DailyFX Template to create a Daily Watchlist.
(Note: If you don't have the files, please download them here:
http://www.forexfactory.com/showthre...08#post8313508 )

Step#3 - Determine the Overall Market Trend or Market Sentiment on all 8 (or Pick top 4)

Step#4 - Determine where to get In by using the Trigger Signals.

Step#5 - Use a Proper Risk: Reward Ratio for your Take Profits.

Note:

- Between Monday and Tuesday, I was able to place those Trades, and most of them were Day-Trade Setups.
- 35-60pips is good for Day-Trading Targets, and 100-200pips is good for Swing-Trading Targets.
- Whatever Direction I see on the 4HR TF needs to show on M30TF, and I can choose any Lower TF to place
my Trades. M5TF is Ideal, but if I don't want to watch the Market, I will use M15TF and walk away after placing
the Trade.

Very Important: At any given moment, it's always crucial to trade in the same Direction as the Higher Time-frame.
Because if the Market stops moving or create a small range for the next 6-7 hours, you will still make some pips at the end
or the next Day...Sometimes, my day-trade becomes swing-trades when there's low volatility in the Market.

Here's a Sample Trade from Last Night:

I wanted to go Short on GBP/USD yesterday morning, but the Market
was so quiet and I chose not to trade it until after 8:30pm...

Instead of placing a Day-trade Target, I decided to use a Swing Trade TP, but
I took profit early because there was a News Event on GBP today around
6:30am - Annual Budget Release...



Note:
Make sure you understand the Process I go to before placing the Trade: "What did I see?"

Here's a Sample of Another Short Trade from Last Night:

Out of Nowhere, NZD decided to strengthen, and there was no News to
support that strength, and I told myself that despite all that noise, the Overall
Market is Bearish, and I need to focus only on Short Trade...

I was a bit skeptical about it but I went in with my initial thought process because
I have to follow my rules and learn from it....


Note:
As you can see, the Market stopped me out and reverse right away in both Occasions.

This is How I look for a Setup:

I scan the Market and Choose 8 Currency Pairs (it's best to stick with 4 of them)

Just Use Top8Trendies Daily FX template that I gave you guys above.



Top4 (Upper Level)

1. GBP/JPY, M30TF - Market Bias: Bearish

2. EUR/GBP, M30TF - Market Bias: Bullish

3. AUD/NZD, M30TF - Market Bias: Bearish

4. GBP/NZD, M30TF - Market Bias: Bearish


Top4 (Lower Level)

1. USD/JPY, M30TF - Market Bias: Bearish

2. NZD/CAD, M30TF - Market Bias: Bullish

3. CHF/JPY, M30TF - Market Bias: Bearish

4. NZD/USD, M30TF - Market Bias: Bullish

Note:

I am going to use the Top4(Upper Level) as examples for Setup and Trigger Entries.

GBP/JPY Insight:

Attached Image (click to enlarge)

EUR/GBP Insight:

Attached Image (click to enlarge)

AUD/NZD Insight:

Attached Image (click to enlarge)

GBP/NZD Insight:

Hey Macajos,

Deep Bar Indicator is my Go-to Indicator, but you have to use the right Settings/parameter....The less signal
you get the better, because you stay on a trade a lot longer, and you can add extra positions at a time...

Not recommended at this point for new Traders, but if you have done your analysis on Weekly or Monthly TF,
and the fundamentals are on your side, you can add as much positions as you want and close that damn thing the
next weeks or months later (I am not a position Trader yet, but my goal is to get there someday...)

I hope that you understand how the system works a lot better now and feel free to ask any more questions mate.

Most Importantly :

If you have been afraid in the past to trade the News, you need to stop playing tricks with your Mind,
because you can never make any money without "Volatility", and think of RISK this way...

As Human beings, we have a tendency to fear things that we don't know anything about, and it becomes
a RISK, with my system you can manage that RISk by neutralizing your Emotions; and the best way to do
that is by Practising the Fundamentals and always have a story behind every single Trade.

Whenever there's a Major News on AUD, GBP, USD, EUR, CAD, JPY, NZD, CHF. This is what you do.

You pick a set of 6 or 7 pairs to Observe, and choose only 4 to Trade so that you can have a laser-focused
on their Directions, where to get In and where to get out.

For Example:

Tonight around 8:30pm CST, we have some AUD News + CNY News (Chinese News affects Aussie Dollar )

You create a Watchlist based on AUD Combination Only

And everything from AUD/XXX Goes in ONE DIRECTION, then XXX/AUD goes to the Opposite Direction. That's
why it's crucial to wait 10-15mns after the News Release to start thinking about placing a Trade...Finding a clear
Direction is Important, and look for key Levels for your Stop-Loss and Take Profit Targets Areas are ideals as well.

Now,

AUD/USD - AUD/CAD - AUD/JPY - AUD/CHF - AUD/NZD

EUR/AUD - GBP/AUD

I can't tell you which one are the best right now, but I still need to do my own analysis. But in a nutshell, this is
what I do on a daily basis to get ready for any major News Event....

This Phrase is your Secret Weapon for Great Success in this Market "ALWAYS BUY STRENGTH AND ALWAYS SELL WEAKNESS"

Meaning, Whenever the News is out AUD is strengthen, you will be Buying everything from AUD/XXX and Sell Everything from XXX/AUD
and it works the same way if AUD is weakening.

Last but not least, your best Trades are going to be like this where:

Strength is combined with Weakness and Weakness is combined with Strength

Note: Use that FX Supreme Meter Indicator to determine that on all 8 Currency Markets. Fluctuations is part of the game, and it
only shows that some traders are really confused about the Direction of a particular Currency Market, and it's only Fair to use
that Indicator around Major News Events for proper readings....

Upcoming Daily Market Calendar:
Thursday, July 9th, 2015



Impact News Events:

GBP.............Official Bank Rate (OBR)
GBP..............Asset Purchase Facility
GBP..............MPC Rate Statement

CAD.............NHPI

USD............Unemployment Claims
USD............FOMC Member Brainard Speaks
USD............Natural Gas Storage

AUD...........Home Loans


Potential Pairs to Trade:
USD/CAD - USD/JPY - AUD/ USD - GBP/USD


Note: UK Official Bank Rate tends to be Volatile, and if you guys want to Observe Only GBP Combination,
you are more than welcome to do so...

*- GBP/USD - GBP/CAD - GBP/AUD - GBP/JPY - GBP/CHF - GBP/NZD

*- EUR/GBP

Thanks Octavejay for everything you are doing here and putting all your efforts to help us..

MK

You are welcome mate!!!

I truly believe that anybody can be successful in this game/business if they are willing to put some Work, and all I can do is to offer
my help.......

I have a feeling that this week is going to be Great and let's make some pips.....

Upcoming Daily Market Calendar:
Tuesday, July 14th 2015

Read Here:

High-Impact News Events:

CHF....................PPI

GBP....................UK CPI / PPI Input / RPI (Very Important)

EUR.....................German ZEW Economic Sentiment

GBP.....................Inflation Report Hearings (Important)

GBP.....................BOE Gov. Carney Speaks

USD....................Core Retail Sales / Retail Sales

CNY.....................GDP / Industrial Production ( Chinese News affect Aussie Dollar )

JPY.....................Monetary Policy Statement


Note:

This week is going to be a very Busy/Crazy week gangs...Be careful, and pick your trades wisely.