The "V" trading system

Quoting Harpy

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{quote} I don't understand how that's considered a setup since the trade would be going against the MA. Are you mean-reversion trading and taking the opposite color of the MA?

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Quoting sam68

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{quote} Yes Harpy , the main trigger for the short is to take a trade after seeing two candles up followed by two candles down , if the setup evolves under the MA it makes it a high probability trade , but if it occurs above the MA we can still take it with caution ...( smaller lot size ) . It's all up-to the trader's risk appetite. This example is definitely a high risk trade , but at the same time you are catching the new trend early...

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Quoting Harpy

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{quote} Yeah, like I was saying in a previous post, there is no right or wrong with SwingMan's indicator. No matter how you decide to trade it, they all seem to be equivalently good. I haven't found a setup that works significantly better than others.

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Quoting sam68

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{quote} Well, have a look at setups that occur like bitcoin example to sell right above the MA , don't you think the produce more thrust , like the price is exhausted and no more steam to go up although above MA , but will crash violently and start a new trend ? In my opinion we need to look at these more closely , this is where big money enters , any body else share the same view? Look at some charts attached as an example whenever a set occurs above MA & up succeeds to take the price below the MA , we may expect a strong trend to follow.. I could...

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Quoting sam68

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Next Week watchlist CADJPY - LONG AUDCAD - SHORT EURCAD - SHORT * CADCHF - LONG* I am holding the EURAUD SHORT with +156 pips and trailing it since 6th June... Green pips to all! * is a high probability trade since price is above/below applicable MA OP both of them , will update as week progress {file}

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Quoting sam68

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{quote} I am out of both of the high probability trades - they were part of the daily target achieved they did a nice run of +200 pips in total.. {image}

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Quoting Harpy

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{quote} Have you considered creating a Myfxbook account for the V system instead of your current TE? I've tried looking at FF's TE but it's just clunky and hard to see.

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Quoting sam68

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{quote} unfortunately my experience with myfxbook is not that great , some issues in updating , I will send you my fxblue link ( for a hybrid trading system that includes V trades - not as a main component though as mentioned before)

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Quoting Darryl

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Hi everyone from a rainy Houston TX. Just a thought, look for the "V" to happen at key price levels. {image}

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Quoting sam68

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New setup CADJPY - LONG {image}

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Quoting kski

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{quote} Does NZDJPY qualify for short setup? TIA

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Quoting sam68

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{quote} On Daily TF it is not a valid setup yet, only after today's candle close down then we can go short... {image}

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Quoting GPips

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Update on N/U Long currently up 83 Pips & may consider closing out the position. It seems to want to push higher & may well do so but I am looking at 2 Hanging Man candle patterns back to back & we also got a Short V signal today. http://prntscr.com/fj415a

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Quoting Harpy

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{quote} Did you take that short V signal today?

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Quoting DerBerliner

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I took These 2 sells: NZDCAD + GBPJPY, in my eyes they are the better choice. Like sam68 told in his post above: the GBPCHF is in my eyes running in an exhausted sell trend, but yes it could go deeper ... may be ... let's see The CADJPY was good for a buy entry already yesterday, now it's perhaps a bit late ....

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Quoting SwingMan

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Whoever wants to do this, can further develop the indicator. (MA is a Hull-Average) {image} {file} {image} {file}

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