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Attachments: Susano - Legend of the 2 Paths (S/D, patterns, & major levels)
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Susano - Legend of the 2 Paths (S/D, patterns, & major levels)

  • #41
  • Apr 26, 2016 9:53am Apr 26, 2016 9:53am
Here are my 2 trades taken in Asian session. GJ was a trade I took off the same major level of my GJ win yesterday which I posted yesterday. Very nice 2 for the price of 1.
UJ was a trade off the previous daily low which is my favorite trade.

I'm just opening the charts now and looking for set ups. I will keep you posted.

Attached Image (click to enlarge)
Click to Enlarge Name: gj2.png Size: 177 KB



Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 191 KB
  • #42
  • Apr 26, 2016 10:42am Apr 26, 2016 10:42am
Sharingan9 thanks for the well thoughtout approach.
My question is, what is the difference in the two templates that you provided with the Susano?
Thanks for the clarification.
WGT
  • #43
  • Apr 26, 2016 10:47am Apr 26, 2016 10:47am
GBPUSD +12 off untested support area & DR2. Probably not the best setup looking back on it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-26_1004.png Size: 88 KB
  • #44
  • Edited 11:18am Apr 26, 2016 10:59am | Edited 11:18am
In a trade on UCAD right not. Just seems to be consolidating .......
  • #45
  • Apr 26, 2016 11:03am Apr 26, 2016 11:03am
Quoting sharingan9
In a trade on UJ right not. Just seems to be consolidating .......
Taking a short off the DPP & resistance area?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-26_1102.png Size: 21 KB
  • #46
  • Apr 26, 2016 11:16am Apr 26, 2016 11:16am
EDIT(I meant UCAD sorry):UCAD finaly broke consolidation and is at top of cloud now
  • #47
  • Apr 26, 2016 11:22am Apr 26, 2016 11:22am
https://gyazo.com/514a35ae94a8946ccedaef0489fab506 UCAD

So in this example the pattern formed the leg a bit late. Price went against me for about 5 pips and I thought i was gunna get stopped out because the candle dropped with alot of momentum. However I had confidence because there was a strong Zone there near the DS2 which is a powerful level.
  • #48
  • Apr 26, 2016 11:32am Apr 26, 2016 11:32am
I set a trailing stop at 1.26237 for Ucad. I will let it run. going for lunch now

Attached Image (click to enlarge)
Click to Enlarge Name: ucadtrail.PNG Size: 93 KB
  • #49
  • Apr 26, 2016 11:39am Apr 26, 2016 11:39am
Would you take a trade like this where there is a round number, >60 untested support, and <60 untested support if the stop loss is below these areas?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-26_1134.png Size: 73 KB
  • #50
  • Apr 26, 2016 12:18pm Apr 26, 2016 12:18pm
Quoting pip-boss
Would you take a trade like this where there is a round number, >60 untested support, and <60 untested support if the stop loss is below these areas?
Yes i would trade that setup and i would use a 10 pip stop loss
  • #51
  • Apr 26, 2016 12:49pm Apr 26, 2016 12:49pm
USD/CAD +10 off resistance area. Done for today and I am pleased with the results thus far. All trades taken on a small live account. A small spread is really necessary on the pairs to be traded imho.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-26_1208.png Size: 89 KB
  • #52
  • Apr 26, 2016 1:07pm Apr 26, 2016 1:07pm
Quoting pip-boss
USD/CAD +10 off resistance area. Done for today and I am pleased with the results thus far. All trades taken on a small live account. A small spread is really necessary on the pairs to be traded imho. {image}
Yeah, I agree. It is best to have a broker with tight spreads with any strategy that you trade. I used to have an account with Oanda but there spreads were getting a little wide out of nowhere so I switched to an ECN broker called FX choice. They have small spreads and low commissions. It really doesn't matter if spreads are variable or fixed as long as they are low lol
  • #53
  • Apr 26, 2016 1:13pm Apr 26, 2016 1:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: H1short.PNG Size: 153 KB


Took a short on AJ on the 1 hour chart. Looks like a decent set up but atr is high. Stop loss set at 54 pips. This trade will either make me some nice pips or if I lose it will wipe out most of yesterdays trades hahaha. Fingers crossed. I may close it early if I lose half of yesterdays earnings haha

EDIT: Whoops. Made a slight error. I spotted this set up on the 1 minute chart but i did not find a pattern until i got to the hour chart and I didnt realize the zone was only 52 candles long. Should be 60 candles for a qualified zone but I guess 52 is close but its riskier i guess. Oh well. Lets see what happens. Also I notice that although the zone is labeled "Untested" by the indicator, I do see that it has been tested a few times right at the beginning of the zone so this set up might not be the best...hopefully it wokrs out haha
  • #54
  • Apr 26, 2016 2:02pm Apr 26, 2016 2:02pm
ohi sasuke, try this atr in pips indicator

strat looks very clean and sounds good
Attached File(s)
File Type: mq4 ATR in Pips.mq4   3 KB | 391 downloads
  • #55
  • Apr 26, 2016 2:05pm Apr 26, 2016 2:05pm
Woooossshh. Sasuke,

What's the use of the kumo?
  • #56
  • Edited 2:22pm Apr 26, 2016 2:10pm | Edited 2:22pm
I put this spreadsheet together if anyone wants to record their trades and win rate percentage.
6 trades today for a total of 66 pips. About how many pips do you average a day SH9 off the M1? What is your percentage of losing days vs. winning days trading the M1?
Attached File(s)
File Type: xls Trades.xls   29 KB | 466 downloads
  • #57
  • Apr 26, 2016 4:13pm Apr 26, 2016 4:13pm
Quoting Kunay9
ohi sasuke, try this atr in pips indicator strat looks very clean and sounds good {file}
Thanks.
  • #58
  • Apr 26, 2016 4:20pm Apr 26, 2016 4:20pm
Quoting pip-boss
I put this spreadsheet together if anyone wants to record their trades and win rate percentage. 6 trades today for a total of 66 pips. About how many pips do you average a day SH9 off the M1? What is your percentage of losing days vs. winning days trading the M1? {file}
So far I have not had a losing day trading this system even though its only been a short time. I dont believe in losing days. My aim is to have this system be accurate enough to have winning days all the time. I get about 30-40 pips per day including losing trades on the m1 chart. Ive heard people say to not trade the 1 minute chart but I think its great and the markets are fractal so the patterns, levels and s/r works on any timeframe and i can be done with my trades quickly on the 1 minute. As long as ATR is high enough the m1 chart is fine. For trades that I lose I just make sure my stops are tight.
  • #59
  • Apr 26, 2016 4:25pm Apr 26, 2016 4:25pm
Quoting skyway
Woooossshh. Sasuke, What's the use of the kumo?
The Kumo just helps show me immediate trend and it is also used in the 2nd Path for trend traders. Hard to catch but when you do catch it its pip city
  • #60
  • Apr 26, 2016 4:35pm Apr 26, 2016 4:35pm
How can u even SEE the price with so many things on the chart!?!?

wow !!
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