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The sacred edge 2.0

  • #221
  • Mar 10, 2016 7:51am Mar 10, 2016 7:51am
Quoting ephisi
{quote} Along with usdjpy eurjpy needs to hit 126.40/80 area. Not a high probability traxe just like usdjpy I dont recommend trading it. But target must be hit anyhow price will find its way there at the right time
EURJPY target zone hit. eurusd 1.1200 coming up shortly. patience. all targets must be hit. just needs news excuse to move towards target
  • #222
  • Mar 10, 2016 8:46am Mar 10, 2016 8:46am
Quoting ephisi
Watch EURUSD stop hunt 1.1150/60,1.1179 & 1.1193 in the days ahead. Any negative US news or positive Eur news will trigger a rally to hit my 1.1200 target. may take time but will happen.
Eurusd stop hunts done. Targets hit. Done and Dusted. Usdchf next
  • #223
  • Mar 10, 2016 8:48am Mar 10, 2016 8:48am
Eurusd 1.15/1.17 still on the cards. Eurjpy above 129 to 136 also on the cards
  • #224
  • Mar 16, 2016 8:53pm Mar 16, 2016 8:53pm
Quoting ephisi
usdchf needs to hit 0.9780/0.9740 zone short term EURUSD needs to hit 1.1190/1.1220 zone today or within a few days. GBPJPY needs to hit 164.20/163.80 zone short term short term implies same day or few days delay
Usdchf target hit. LolUnfortunately I have quit trading TZs as the drawdowns and time of waiting are unpredictable.
  • #225
  • Mar 30, 2016 2:27am Mar 30, 2016 2:27am
Quoting ephisi
{quote} Usdchf target hit. LolUnfortunately I have quit trading TZs as the drawdowns and time of waiting are unpredictable.
AS much as i try to avoid trading TZs it still keeps proving itself to me as my number 1 and great system and calling me back to it. it puts you against the trend a lot but price never fails to comeback to hit target. its still unbelievable.

i guess i will have to deal with the patience and drawdowns. On with the project.
  • #226
  • Mar 30, 2016 2:30am Mar 30, 2016 2:30am
of all my calls NZDCAD and GBPAUD are the only 2 pairs that have deviated. NZDCAD is back and heading towards target while Gbpaud is really deviated especially because it was a counter trend trade also weighed down by brexit scare. but like magic the reversal will be violent when the right set of fundamentals hit the wires
  • #227
  • Mar 30, 2016 2:47am Mar 30, 2016 2:47am
Heres a major call for the most loved EURUSD. if EURUSD does not clear 1.13758 by close of Market Thursday any spike above that level will be sold off towards 1.08 i will update as the trade plays out. the key is for 1.13758 to hold by thursday close of market.
  • #228
  • Mar 30, 2016 2:51am Mar 30, 2016 2:51am
Quoting ephisi
Heres a major call for the most loved EURUSD. if EURUSD does not clear 1.13758 by close of Market Thursday any spike above that level will be sold off towards 1.08 i will update as the trade plays out. the key is for 1.13758 to hold by thursday close of market.
Just found another gap while scanning eurusd lower timeframes already set up and Good to go. EURUSD will retest 1.1200/40 Zone very soon and if 1.1375 aint cleared by thursday close of market that will give double confirmation for possible journey towards 1.08 watch out
  • #229
  • Mar 30, 2016 2:53am Mar 30, 2016 2:53am
Quoting ephisi
{quote} Just found another gap while scanning erased lower timeframes already set up and Good to go. EURUSD will retest 1.1200/40 Zone very soon and if 1.1375 aint cleared by thursday close of market that will give double confirmation for possible journey towards 1.08 watch out
this also ties in nicely with EURJPY lower timeframes which needs to retest 126.20/60 lets just stick with these 2 calls for now. don't want to make to many calls
  • #230
  • Mar 30, 2016 3:00am Mar 30, 2016 3:00am
patience has always been the hardest part of this strategy for me especially in the face of drawdown. i have bailed out so many times only to see price reverse after a few days. so small lot sizes and timing are things I'm working on. for timing it seems news is what really moves price towards target so preferable to wait for news setting pending orders. just like yesterday EURUSD hit 1.1255 on news. was waiting for that for one week
  • #231
  • Mar 30, 2016 3:17am Mar 30, 2016 3:17am
Martingale has been another way to take care of drawdowns which i tried. But after some huge drawdowns i realised martingale was a suicide mission. this led me to the idea of position sizing. with small position sizes you can afford to add position after a hugh drawdown when market is exhausted.
  • #232
  • Mar 30, 2016 3:26am Mar 30, 2016 3:26am
Martingale has been another way to take care of drawdowns which i tried. But after some huge drawdowns i realised martingale was a suicide mission. AS can be seen from my first trade explorer titled sacred edge i used to add positions every 50 or 100pips drawdown. martingale trades are the best but when they go bad the loss is huge . this led me to the idea of position sizing. with small position sizes you can afford to add position after a hugh drawdown when market is exhausted. i won't bee thinking of adding position except i see a drawdown of 300 to 1000pips which rarely happens. this only happens when market is in panic mode. e.g. the greek crisis, the ecb QE era, now brexit etc. when market is in panic mode. TZ fails but when market stabilises the journey back towards targets resumes. martingales give the best trades

a recent example is cadjpy which free fell towards 79 with target left open @ 87. A gap of 1200pips. it took 2months to recover to 87. Cadjpy still needs to retest 87.50/80 before i say target hit. it surely will
  • #233
  • Mar 30, 2016 3:40am Mar 30, 2016 3:40am
This is the reason why i am not comfortable trading 10000 lotsize on my current live explorer. 10000 is the minimum lists with the broker. so i stopped trading TZ and started scalping with stops. Stops are very controversial for me. you cannot successfully trade TZ with stoploss so i quit trying. lol . after years of testing and seeing targets hit again and again i got confident trading without stops. rather I'm working on trading small lot sizes so in the event of huge drawdown i add position and at the end i win on all positions. in my opinion the market is designed for us traders to fail. how many times have you seen price hit your stop then later back to hit your target and even continue in your direction. its happened to me so many times.

but when i have no stop with small lotsize i don't care what the market does cos i have no stops to hunt. if it hits my target all good. if it goes against me all good i just wait till exhaustion and add. cos i know target must be hit. counter intuitive
  • #234
  • Mar 30, 2016 3:55am Mar 30, 2016 3:55am
Will be posting from time to time. As this method calls for patience the postings on the thread will be after new developments that have moved the market and maybe targets hit. But i will also share ideas and past experiences with TZ from time to time
  • #235
  • Apr 1, 2016 12:17am Apr 1, 2016 12:17am
Quoting ephisi
Heres a major call for the most loved EURUSD. if EURUSD does not clear 1.13758 by close of Market Thursday any spike above that level will be sold off towards 1.08 i will update as the trade plays out. the key is for 1.13758 to hold by thursday close of market.
so EURUSD cleared 1.13758 before close of market thursday. that means 1.08 is off the cards. Any down move is just retracement before we head to 1.15 or higher.
  • #236
  • Apr 1, 2016 12:18am Apr 1, 2016 12:18am
Quoting ephisi
{quote} Just found another gap while scanning eurusd lower timeframes already set up and Good to go. EURUSD will retest 1.1200/40 Zone very soon and if 1.1375 aint cleared by thursday close of market that will give double confirmation for possible journey towards 1.08 watch out
Still very valid. EURUSD will retest 1.1200/1.1240 zone before the next rally or after continuation of this rally. don't care how
  • #237
  • Apr 1, 2016 12:19am Apr 1, 2016 12:19am
Quoting ephisi
{quote} so EURUSD cleared 1.13758 before close of market thursday. that means 1.08 is off the cards. Any down move is just retracement before we head to 1.15 or higher.
Fundamentals still don't support it, I don't think. But EU seems like going to 1.15 as a long term retrace for now. I still feel it will attempt parity because it's what ECB really wants....can't see who/what is propping it up as it doesn't bode well for EU recovery
A pip is only worth it if you know how much you risked to earn it
  • #238
  • Apr 1, 2016 12:21am Apr 1, 2016 12:21am
Quoting ephisi
{quote} this also ties in nicely with EURJPY lower timeframes which needs to retest 126.20/60 lets just stick with these 2 calls for now. don't want to make to many calls
EURJPY along with EURUSD will push down to 126.20/126.60 zone then restart the journey back to 132 target or higher. we could also do 132 before 126. but its more likely 126 correction before new push
  • #239
  • Apr 1, 2016 12:26am Apr 1, 2016 12:26am
Quoting vlady1974
{quote} Fundamentals still don't support it, I don't think. But EU seems like going to 1.15 as a long term retrace for now. I still feel it will attempt parity because it's what ECB really wants....can't see who/what is propping it up as it doesn't bode well for EU recovery
Hey vlad. so nice too see you in here. EURUSD has been acting strangely and very resilient even during the greek crisis. it refused to fall. Guess it has to do with EUR being a funding currency. EURUSD has defied all bear forecast even on ECB full throttle rate cut and QE. Also Parity is still on the cards i called off 1.08 only based on TZ signals. i guess new signals should develop for bears as EURUSD keeps coiling higher
  • #240
  • Apr 1, 2016 12:41am Apr 1, 2016 12:41am
Im short from 1.1314 backing up my words. No stops to hunt. Just take my mind off the market and wait. Stress free trading. Lol. Dont try 5his on your own its backed by years of experience studying and testing TZ principles
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