The super duper awesome method that I trade

Uncharacteristic of me. I tried to hit a break out. was slow on the draw because Im not used to doing it and filledjust above the red x.

Price just meandered just around my entry for a WHILE SO WHEN I WAS UP I SHOVED MY STOP TO be BECAUSE i KNEW IT WAS A BAD TRADE. (YELLOW X)

Typical supply and demand Rally/base/rally play. Blue horizontal lines encompass a base on the left side of the chart. Buy limit wasd placed about 2/3 of the way up in the channel. . limit was triggered and half the amount was taken for profit at 12 pips. the rest is riding to supply area above for TP of 30 with stop at BE.

I've never really been a big fan of box trading but it's still demo so I figured I would give it a go. With trend pointing north I took the advice of a few Forex gurus I read about and did a typical asian box straddle with the trend. The trend being so strong and the JMA slope above the FO SHO line I thought,"No brainer, right?"

Welp soon after I placed my buy stop around 11pm EST it was hit and immediatelly rejected. A few minutes later my stop clear on the other side of the box was hit for a BIG LOSS.

If I had placed a sell stop against the trend I would have been sitting pretty. If I had placed a buy limit into deman d (horizontal lines) I would have also been good. I had a winner straddle with the trend on the guppy and still holding but the Yuppy turned me off to set and forget straddle trading in asia. I might try a few more and hedge my bets on both sides of the box but unless i see the break I think I may pass on the straddle trading. Over time I hear these methods can be profitable but the risk/reward ratio is kinda high with the big stops required.

Here is another Supply and demand trade. This time rally base drop X 2. Or as Nice Guy puts it double tap on resistance. Tap tap revenge. Placed a sell limit a little lower than the second tap. .3 pips of drawdown plus spread.now sittting pretty with stop at BE

A double top on the EU shaped up while drinking my coffee. I managed to grab a market sell and rode it for 13 and took half off the board with stop at BE and let her ride into NY. C'mon bears.

Im firing this trade manager too! No function to scale out with precision. Just likes to do it at BE. Trying quik trailing now. Experiments are going ok. No real trading right now because I need to get a decent trade manager. So far I just been stoipped out which is good. I know the stop works. It could use a draggable line for BE function but I can live without that. Everything else seems to be what I need. Just hope it all works. quick trail EA and doc can be found here:

http://www.forexfactory.com/showthre...79#post5734179

Finally, after some technical difficulties I got all the bugs worked out. Now taking first profit at 10 with 80% and letting it trail to final TP at next level of resistance.

Now lets see what this puppy can do.

Ran a sell on the guppy. 80% off the board and letting it ride.

Interesting start of the week. My Platform went down so I had to reload everything. I have been modifying my indicators but not the actual method. Found some p[retty cool ones including this heat map. If we ever leave this area its going to be a high supply or demand area when we return. I think this may be a short week as we but against some well established resistance.

Ok,adding the latest indies and template I am using now.Still may modify a little when the market opens as Im not sure if the trade manager EA is completely right. Mostly doing this in case my mt4 goes down again and keeping everything handy. But you are welcome to give it a go. The first download is my template. the last one is an EA.

This morning I caught a buy retrace just before the opening of London. Too bad I didnt trust my trade manager EA yet.Would have been a real runner. Closed it for a solid 11. just caught a sell retrace after the NY hubbub. 80% all ready off the board at 20 pips and letting the rest ride and trail

I set up two buy limits this morning before heading out to work. The first stopped out a few pips before it turned around and would have made a nice profit. I based the limit on a previous swing low that dipped into asia session. A little deeper and that would have been an ok trade. the second was a simple failure to launch. It was based on the skyrocket candle yesterday during the NY panic. Anyway. It just punched right through that level. Nothing to do but shrug and look for the next one. I think I could have managed the first one ha had I been present but the second one was a no go form the start. Have a sell limit way up high but its cancelled now.

I was feeling a little bit pissed off about my trading so I decided to take a step back and analyze my losses. Some were due to trying a couple of different methods outside my usual Retraces and bounces. After some analysis, I found something that could stack the odds a little more into my favor.

I enter based on m5 chart for retraces signaled by my OHLC HA indie and bouncing off . This is price action and the "humming bird" candles I witness.

I also use Sam seiden style RBR DBD RBD and DBR, based on my Fractal indicator, I also added an Indie that shows 20 pips off daily high and low. It repaints through the day so i'ts best to wait until at least NY open and preferably after the NY news box for areas of daily supply and demand.

I have added the NEAREST daily supply or demand Box based on the daily chart. I hand draw these using the Insert rectangle tool on mt4. i color them white so they show up as my white background on the 5m instaed of Black. I am not trading against these as I enter these zones. I am hoping for an increase in my win rate.

The black arrow is the supply zone of the daily USD CHF. I will not trade against this supply until it is no longer valid. The Green arrow is the daily supply area for last Friday. It is the daily highminus20 pips. Statistics have shown that daily candles have wicks of 20 pips or longer about 65% of the time. so we know when we enter these zones, there is a good chance price will back out before the close of the day. Couple that with a daily supply zone from the daily charts and you have increased your odds to over 80%

The red arrow is Fridays daily low plus 20 pips. Its just shown for illustration purposes.

This is the daily view of the USDHF.The white rectangle is the NEAREST supply or Demand zone. Because I trade on the m5 this is a the only zone that concerns me right now. The pink Zone could be considered The nearest demand zone but the pink candle is not very strong so its more of a resting point than a clear demand zone. I suspect the yellow demand zone is a bit stronger. I only included the wick since price bounced very quickly out. If you drop down to the 4h or the 1 h you could probably fine tune it better. For simplicity, I'musing the wick since the wick indicates where price opened during sydney.

Here's an interesting chart for this week. The gbpusd. Note how the trend is DOWN 100%. Sounds like a no brainer sell. Right? Not so fast,There is a daily demand zone that has already been tested once and has ended its day right at the border. It's a mexican stand off at the southern border.I'll be looking for a buy opportunity here tonight. note how in the past the daily supply zone was honored as price was on its way down.

Ok, Hopefully this will be the last rendition of my indicators and template. IO have been fiddling with it all day. I think I am satisfied to get it to show what i want to show.

Some of the parameters need to be changed depending on the pair and broker.

For the spread alerts you will need to go to the p4 clock and change the spread alert to something else if you want your spread alert to be greater or less than 2. This will depend on the broker and the pair. The template is set to alert at 2 pips.

The market sessions profile is a bit harder Mine is set of for Oanda US so its set up basically for New York time. If your broker time is different than NY time you will have to find the difference and subtract or add accordingly. NY time is-5GMT. So I subtracted five off all the default numbers. However. there is a bug in this indie that does not allow it to extend the session after midnight. For me that's great because it is the ideal time to watch for an asian break out. So after midnight there is no box until berlin opens. That may not be the case if your broker is on GMT or some other time. I have asked several times to fix this or just put a GMT offset switch but no takers.

And this is the template and Trade manager. I still am not happy with the trade manager but it is the best one I could find. It won't delete lines after an order is finished or cancelled

Short on the Ozzie. A little draw down but out for ten. Had the last pasrt set upto trail but was stopped out.trade manager is still not right. Trailing last 20% should have still been open. I'll get this fixed someday. I went short only on Ozzie because it's been in free fall for sometime. Only short ozzie until further notice.

Long on the loonie for a quick ten. Saw the big double candle on the far left and the small long tailed doji dipping into the area.It was up against a big area of daily supply above so A qucik ten and out.