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  • #361
  • Aug 3, 2015 6:50pm Aug 3, 2015 6:50pm
Hi, Jan

I have been reading up on this thread as well as Hybrid system.
Nice work.

Please continue to post your observation with Matrix trading system.

Any specific resources you recommend on PA analysis and supply and demand analysis?
I have been studying up on them but the resources are endless.
Your input is greatly appreciated.

Thanks!
  • #362
  • Edited 10:29pm Aug 3, 2015 7:11pm | Edited 10:29pm
Really great thread, don't know why stopped.

Jan, appreciate your contribution
  • #363
  • Sep 24, 2015 4:50am Sep 24, 2015 4:50am
GCAD, they are trying to push back in. Lookin to short.
http://prntscr.com/8jvy24
  • #364
  • Sep 24, 2015 4:11pm Sep 24, 2015 4:11pm
Asia opens and EU running towards buy zone
http://prntscr.com/8k3o75
  • #365
  • Sep 25, 2015 7:38am Sep 25, 2015 7:38am
1143-50 eu long.
  • #366
  • Sep 25, 2015 8:08am Sep 25, 2015 8:08am
Quoting janpec1000
1143-50 eu long.
Closed +20 and +12.

Forgot to post chart, reason for entry.
http://prntscr.com/8kaz6r
  • #367
  • Edited 11:41am Sep 26, 2015 4:10am | Edited 11:41am
Quoting janpec1000
{quote} Closed +20 and +12. Forgot to post chart, reason for entry. http://prntscr.com/8kaz6r
nice you posting again!
for easy reading of thread this is how I post pictures directly, simple...

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edit; sorry right click, not left
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #368
  • Sep 28, 2015 10:16am Sep 28, 2015 10:16am
Bulls on EU rotating for higher. Will look for long on bounce. Rotation setup was perfect on lower TFs near 11610 but i missed the entry. So now looking for bounce entry.
GCAD looking for long aswell.
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  • #369
  • Sep 28, 2015 10:38am Sep 28, 2015 10:38am
Quoting janpec1000
Bulls on EU rotating for higher. Will look for long on bounce. Rotation setup was perfect on lower TFs near 11610 but i missed the entry. So now looking for bounce entry. GCAD looking for long aswell. {image} {image}
Didnt manage to enter GCAd as there was no pullback, went straight into first upper target, but did manage to long GU just on rotational bounce. + 20 pips. It should climb aother 20 pips but could be pullback inbetween.

EU hit the bull targetaswell, but same as GCAD didnt long as it was no retrace. Looking at USDCHF dollar bulls are battered atm, thus would not be surprised to see EU another 100+ pips higher from here.
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  • #370
  • Sep 28, 2015 11:43am Sep 28, 2015 11:43am
Short EA 6045. Bears trying to rotate.
  • #371
  • Sep 28, 2015 12:12pm Sep 28, 2015 12:12pm
Quoting janpec1000
Short EA 6045. Bears trying to rotate.
Stoped -12.
  • #372
  • Sep 29, 2015 10:50am Sep 29, 2015 10:50am
Longing GCAD soon, rotational structure.
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  • #373
  • Sep 29, 2015 11:11am Sep 29, 2015 11:11am
Quoting janpec1000
Longing GCAD soon, rotational structure. {image}
Closed +15, lower long not yet triggered.
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  • #374
  • Sep 29, 2015 12:08pm Sep 29, 2015 12:08pm
EURAUD looking for retrace and then long.
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  • #375
  • Sep 29, 2015 12:12pm Sep 29, 2015 12:12pm
GU 5159 long SL 3.
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  • #376
  • Sep 30, 2015 6:34am Sep 30, 2015 6:34am
Gold trying to rotate higher.
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  • #377
  • Oct 1, 2015 8:47pm Oct 1, 2015 8:47pm
hi,dear jan.
thanks for your idea.
i am a trend trader with trading 'break out'. trading break out always has some weakness,and i could not find any way to make it better.
after i read your thread,i think i found the way.
but i still have a question. that is : how do you set your sl and tp?
in your thread,you did not mention sl and tp,so would you please tell something about it?

thanks a lot
  • #378
  • Oct 2, 2015 2:03am Oct 2, 2015 2:03am
Quoting wga6
hi,dear jan. thanks for your idea. i am a trend trader with trading 'break out'. trading break out always has some weakness,and i could not find any way to make it better. after i read your thread,i think i found the way. but i still have a question. that is : how do you set your sl and tp? in your thread,you did not mention sl and tp,so would you please tell something about it? thanks a lot
Hey wga6, for breakout trading you would use reverse approach that i use for my positioning, so basically instead for looking for fbo/pushbacks and rotations for entry, you would want to enter on clean break with complete initiation so that there is no sign of fakeout. To do that you want when low/high or structural support/resistance gets broken by 2 pips, you enter and if there is pushback inside you emidently close. So your risk is on lower TFs 3-5 pips SL. You should follow decent RR with such aproach though, 1:1 wont be good. And you would want to put BE SL in emidently once few pips in +. Rather to reenter if it breaks again than having SL hit by fake rotation.
Also this approach should not be used on strong leged structures that usually led to reversals, becouse fakeouts are very common there.

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With that said i should add that i do not trade break approach, rather its reverse either rotation or fbo depending on structure and positioning of higher tf zones.
  • #379
  • Edited 3:07am Oct 2, 2015 2:34am | Edited 3:07am
hi，jan.
what about your other strategies except 'break out',such as buy low sell high?
i think the 'buy low sell high' strategy actually is 'buy higher low and sell higher high in up trend' or 'sell lower high and buy lower low in down trend'
but it is very diffcult to me to confirm higher low or lower high.because the price may continue to go down further when buy higher low,maybe the market will reverse downwards.then the sl may be very much.on the contrary the same to sell lower high.
so would you pls show me your way to confirm entries and SL in detail ?especially for SL.

do you enter in advence according to support and resistance or enter at the first bar in accord with the main trend direction after confirming HL or LH?
and how can i confirm the higher low or lower high has formed?
thanks.
  • #380
  • Edited 3:30am Oct 2, 2015 3:18am | Edited 3:30am
Quoting wga6
hi，jan. what about your other strategies except 'break out',such as buy low sell high? i think the 'buy low sell high' strategy actually is 'buy higher low and sell higher high in up trend' or 'sell lower high and buy lower low in down trend' but it is very diffcult to me to confirm higher low or lower high.because the price may continue to go down further when buy higher low,maybe the market will reverse downwards.then the sl may be very much.on the contrary the same to sell lower high. so would you pls show me your way to confirm entries...
Try to scale down SL as much as possible, using m1 SL even if trading higher TF setup. I see your point of high/low Sl, thats why i usually do not use setups TF high low for SL becouse SL gets larger.

Some trade examples...
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Generally you want to hide your SL either behind initiation/main SR or low/high if its close enough or strong. Those are some ways to tighten SL.

Regarding your question of entry it totaly depends on situation and structure where price is. If there is range structure i like to wait for fbo before entering support or resistance area, becouse usually fbo will be delivered, so you can that way tighten SL and avoid being hit for nothing. If there single leg structure however then entry directly on first touch is alright.

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