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SPES High Probability Intraday Trading System

  • #41
  • Nov 9, 2015 2:52am Nov 9, 2015 2:52am
Quoting TradeStar
I was going thru your trade lists in your trade explorer. If you respect day open and week opens, you could avoid many of the loosing trades. all the best and look for a profitable week. Cheers TradeStar
This small account is more like a trail one and I am looking forward to give some specific and objective rules which will make this system more simple.
If you have some suggestions about this system please kindly show them with charts.
Thank you and hopefully we could get a profitable week.
  • #42
  • Edited Nov 10, 2015 4:20am Nov 9, 2015 4:09pm | Edited Nov 10, 2015 4:20am
I would like to wait a consolidation before breakout happens at 0.6520 level. I won't enter if price goes down directly now because it has not tested key horizontal resistance nor the downside trendline. Be careful about it. There are other pairs with same possible entries, go checking tradingview.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 20151110.png Size: 102 KB


I've abandoned this plan as I missed the day upside trendline just below the current price.
  • #43
  • Nov 10, 2015 4:55am Nov 10, 2015 4:55am
We have two strong downside candle confirming the short-term short bias below the resistance. We may choose to enter short when price tests the resistance, or be cautious and enter short when it breaks 132.16 level.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 20151110.png Size: 93 KB


Have already entered this short. Failed to upload this chart on time. Do subscribe my tradingview to if you'd like to get live analysis.
https://www.tradingview.com/u/spesfinancial/
  • #44
  • Nov 11, 2015 8:36am Nov 11, 2015 8:36am
AUDUSD is testing the key resistance zone. We have horizontal resistance, downside trendline resistance,and fib 38.2 resistance all existing here. A strong green candle above this zone may lead to a short-term bullish retracement, but a weak candle below this zone may push the price to continue it's bearish trend. Let's see what will happen very soon.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 20151111.png Size: 108 KB
  • #45
  • Nov 13, 2015 8:32am Nov 13, 2015 8:32am
It seems that GBPUSD is resisted at around 1.5250. We could see that there are horizontal resistance and fib 50% resistance both working here. I won't choose to enter short right now as the short-term trend is still up. Let's wait for a very weak candle confirming the short-term short bias, then looking for short entries.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 20151113.png Size: 129 KB
  • #46
  • Nov 22, 2015 5:58am Nov 22, 2015 5:58am
After a week's time we finally have a decisive bearish candle confirming the short bias of GBPUSD. It is a better pattern with a fake upside breakout on the resistance. Currently we can see there is a potential short-term support nearby, so it may be hard to take short entry now or very soon. If price could have a consolidation at this support, we may find a good opportunity to enter short with a small intraday trading SL to achieve a mid-term profit. Otherwise, if the price breaks the short-term support with another decisive candle, we will try to find a intrayday chance below the support.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 20151123.png Size: 132 KB
  • #47
  • Nov 22, 2015 6:16am Nov 22, 2015 6:16am
Guys, I can see very clear trend on some cross pairs like EURAUD, GBPAUD, EURNZD, GBPNZD, as EUR and GBP are weak but AUD and NZD are strong. We may find some good entries next week. It's hard for me to post here on time. You can follow my tradingview to get live setups.
https://www.tradingview.com/u/spesfinancial/
  • #48
  • Edited 3:52am Nov 25, 2015 3:33am | Edited 3:52am
As can be seen EURJPY price has been resisted by horizontal resistance and downside trendline. If this candle could give a decisively weak signal but hold around the support zone, I will look for a retracement at short-term and sell at the breakout. Potential target is at today's ADR but may close before target reached if price give reversal pattern. EURCAD has a similar short pattern now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 20151125.png Size: 88 KB


The support has been broken. In this case I may choose to enter short at 38.2% fib, but it depends on this hour's candle pattern.
  • #49
  • Nov 27, 2015 6:00am Nov 27, 2015 6:00am
This morning's trading plan is possible to be a good trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-11-27 11-56-43.png Size: 151 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-11-27 11-57-18.png Size: 151 KB
  • #50
  • Nov 27, 2015 7:19am Nov 27, 2015 7:19am
Today's trade on gold is a good example of our system.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-11-27 13-16-55.png Size: 146 KB


Follow my tradingview to get live trading setups.
https://www.tradingview.com/u/spesfinancial/
  • #51
  • Dec 2, 2015 8:16am Dec 2, 2015 8:16am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 20151202.png Size: 113 KB
  • #52
  • Dec 6, 2015 10:13am Dec 6, 2015 10:13am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 20151207.png Size: 163 KB


Week chart: A strong bullish candle is completed this week testing the trendline resistance. Though there is a up shadow, the large candle still shows a high probability that price will continue going up and test the next resistance.

Day chart: Price has broken some horizontal resistances and now they have become supports. If price could stand above these supports, it may continue going up after a consolidation.

4 Hour chart: After a consolidation, we have to wait for a decisive candle standing near to or above this week's high, then it is time to look for signals to open long positions in lower time frame.
  • #53
  • Dec 6, 2015 2:09pm Dec 6, 2015 2:09pm
Quoting shellsnail
Again, some comments. My first and last post here. This system has strong potential. see my post here for negative example: http://www.forexfactory.com/showthre...43#post8628643 1. Trades at select times of the day with high volatility. Check. 2. Takes into account context and performs trend analysis. Check. 3. No variable sizing or scaling in for A+ setups: this has to be developed over time and if done I believe can make this system wildly profitable. 4. A bunch of other things that I like but I will not go into detail here....
It's a profitable system and it has been proved by hundreds of traders, but it has weaknesses such as being too conservative and missing entries in some clear trends.

Hope it's not your last post here. I'd appreciate if you could share more.
  • #54
  • Dec 20, 2015 5:45pm Dec 20, 2015 5:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 20151221.png Size: 175 KB
  • #55
  • Last Post: Jan 8, 2016 5:20am Jan 8, 2016 5:20am
Happy New Year, King.

-TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
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