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The "V" trading system

  • #301
  • Jun 18, 2017 9:59am Jun 18, 2017 9:59am
Hi Traders,

I hope you had a good weekend

Let's throw in possible trades for next week ,

AUDCAD , a good setup and possible target of 100 pips to the upside , will enter it on MON morning...

current V trade open update:
Still holding to EURAUD since 6/6 with +330 pips , I can see some weakness on Friday's candle so expecting a stop out this week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 177 KB
Click to Enlarge Name: Screenshot1.png Size: 190 KB
What goes up will come down...
  • #302
  • Jun 18, 2017 10:01am Jun 18, 2017 10:01am
Quoting sam68
Hi Traders, I hope you had a good weekend Let's throw in possible trades for next week , AUDCAD , a good setup and possible target of 100 pips to the upside , will enter it on MON morning... {image}
The entry would be one candle too late, correct?
It takes money to make money.
  • #303
  • Jun 18, 2017 10:11am Jun 18, 2017 10:11am
Quoting Harpy
{quote} The entry would be one candle too late, correct?
correct , only entering since price came back to entry point
What goes up will come down...
  • #304
  • Jun 18, 2017 10:18am Jun 18, 2017 10:18am
Quoting sam68
{quote} correct , only entering since price came back to entry point
Okay, hopefully it'll work out then. Looking at the daily chart if I were to fortune tell, I'd say a close above 1.01 could reach 1.015
It takes money to make money.
  • #305
  • Jun 18, 2017 11:55am Jun 18, 2017 11:55am
Quoting Landline
...and none of those conditions involves the use of oscillators, which are nothing more than a poor version of the price already present and visible...
trading is like dancing, don't think and just listen to the music!
  • #306
  • Jun 18, 2017 12:04pm Jun 18, 2017 12:04pm
Quoting birdland
{quote}
Very true, as soon as I see more than one indicator on chart, that's when I know that system won't last long-term.
It takes money to make money.
  • #307
  • Jun 18, 2017 12:34pm Jun 18, 2017 12:34pm
@sam68 - In my eyes the AUDCAD isn't a good candidate for a buytrade. I must be candid: I'm a fan of Masterminds approach using the same 2+2 candle pattern, but together with the Murrey Math. And actually the AUDCAD is in region of Murrey Math lines which are not very promising. Further the last daily candles have long upper pins ... looks like more traders are ready to sell the AUD ?
At the other hand - analysing the AUDCAD at TF H4 I see in the past at the 13 june a good possibility for a buy entry, the price went under the "0/8" MM line ! And right in the minimum a 2+2 candle signal was formed !
All in all I think any MAs as lagging indis are not a method to filter "bad" trades ... just my two cents !
  • #308
  • Jun 19, 2017 5:15am Jun 19, 2017 5:15am
Quoting sam68
Hi Traders, I hope you had a good weekend Let's throw in possible trades for next week , AUDCAD , a good setup and possible target of 100 pips to the upside , will enter it on MON morning... current V trade open update: Still holding to EURAUD since 6/6 with +330 pips , I can see some weakness on Friday's candle so expecting a stop out this week. {image} {image}
Update EURAUD stopped as expected with profit of 320 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 162 KB
What goes up will come down...
  • #309
  • Jun 19, 2017 5:35am Jun 19, 2017 5:35am
Quoting DerBerliner
@sam68 - In my eyes the AUDCAD isn't a good candidate for a buytrade. I must be candid: I'm a fan of Masterminds approach using the same 2+2 candle pattern, but together with the Murrey Math. And actually the AUDCAD is in region of Murrey Math lines which are not very promising. Further the last daily candles have long upper pins ... looks like more traders are ready to sell the AUD ? At the other hand - analysing the AUDCAD at TF H4 I see in the past at the 13 june a good possibility for a buy entry, the price went under the "0/8" MM line ! And...
@DerBerliner, you are right all MA are price following and lagging , I use it as a visual to see trend / price direction .

The below is the logic of filtering based on MA ( not mine but veteran traders from the pit actually )
As many traders place a bet on trend continuation hence start placing more trades based on past slope direction ( above or below the MA) it would surely give a nice push to price in order to move in a higher velocity and we have a lovely snowball ...

But I totally understand what you are saying.
What goes up will come down...
  • #310
  • Jun 20, 2017 12:07am Jun 20, 2017 12:07am
your account is 34 percent loss


risk reward is poor mr sam and huge sl

its the main disadvantage if v trading
  • #311
  • Jun 20, 2017 12:14am Jun 20, 2017 12:14am
Quoting gopal33200
your account is 34 percent loss risk reward is poor mr sam and huge sl its the main disadvantage if v trading
LOL, gopal , this account has nothing to do with V trading , it's a laboratory for all sorts of experiments / EA / tests , i just use it to place trades and follow up on
I better remove it from so it doesn't confuse readers

So far we took 3 live trades with V strategy

2 winners , and one is still running ( AUDCAD )

Please scroll up to get the details
What goes up will come down...
  • #312
  • Jun 20, 2017 3:51am Jun 20, 2017 3:51am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.AUD CAD.png Size: 110 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.EUR CAD Long.png Size: 107 KB

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Click to Enlarge Name: 3.GBP CAD.png Size: 93 KB

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Click to Enlarge Name: 4.GBP CHF.png Size: 111 KB

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Click to Enlarge Name: 5.AUD NZD H4.png Size: 96 KB

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Click to Enlarge Name: 6.CAD JPY H4.png Size: 108 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 7.USD JPY H4.png Size: 100 KB
  • #313
  • Jun 20, 2017 4:56am Jun 20, 2017 4:56am
Quoting Avail
{image} {image} {image} {image} {image} {image} {image}
Very nice avail , you prefer H4 more I guess?
What goes up will come down...
  • #314
  • Jun 20, 2017 5:10am Jun 20, 2017 5:10am
Quoting sam68
{quote} Very nice avail , you prefer H4 more I guess?
Hi Sam,
No preference, I just scanned both to find setup's. I will scan and post a few times a week provided I'm doing this correctly? and as long as it's ok with you?
  • #315
  • Jun 20, 2017 5:47am Jun 20, 2017 5:47am
Quoting Avail
{quote} Hi Sam, No preference, I just scanned both to find setup's. I will scan and post a few times a week provided I'm doing this correctly? and as long as it's ok with you?
Hi Avail ,

Please do , 4 eyes better than two

Here is an update on latest trade AUDCAD ,

+10pips so far , the thing is this broker had such a wide spread when I placed the order , with live accounts all traders (and reminding my self also! )are advised to be prudent and wait till spread cools down ...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 156 KB
What goes up will come down...
  • #316
  • Jun 20, 2017 6:26am Jun 20, 2017 6:26am
EUR CAD closed for a nice and quick 1:3 - Will cover the next few that go wrong.
  • #317
  • Jun 20, 2017 7:13am Jun 20, 2017 7:13am
Quoting Avail
EUR CAD closed for a nice and quick 1:3 - Will cover the next few that go wrong.
Cool!

I have TP1 Hit with AUDCAD as well
SL on BE+ and watching
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 124 KB
What goes up will come down...
  • #318
  • Jun 20, 2017 7:57am Jun 20, 2017 7:57am
Quoting sam68
{quote} Cool! I have TP1 Hit with AUDCAD as well SL on BE+ and watching {image}
Nice - H4 is showing a buy signal.
USD CHF H4 sell in play now but its against a buy signal that was against a sell signal.
A little confusing but will protect early if given the chance.

Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF Short in play.png Size: 82 KB
  • #319
  • Jun 20, 2017 9:27am Jun 20, 2017 9:27am
Quoting sam68
{quote} LOL, gopal , this account has nothing to do with V trading , it's a laboratory for all sorts of experiments / EA / tests , i just use it to place trades and follow up on I better remove it from so it doesn't confuse readers So far we took 3 live trades with V strategy 2 winners , and one is still running ( AUDCAD ) Please scroll up to get the details

OK if you wish pl share your live account in myfxbook or FF need to see how you manage sl and choose trades
  • #320
  • Jun 20, 2017 10:08am Jun 20, 2017 10:08am
Quoting gopal33200
{quote} OK if you wish pl share your live account in myfxbook or FF need to see how you manage sl and choose trades
At the moment I do not wish to do so Gopal, but you are welcome to read about risk control and position size here ,
V trades come with Stops and Targets , it's up to you how to manage them
This link could be helpful

https://www.forexfactory.com/showthr...51#post9962051

Regards
What goes up will come down...
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