Eur Simple Trades High Risk Journal -
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thread: Eur Simple Trades High Risk Journal

  1. #11
    Junior Member inaoxlkrayda's Avatar
    22
    Well looks like we started out on the short side. No more countertrending, no promotion (however ), adhere to egy. Maybe SELL entry goal can be considered a little lower. Here is. Shows the likelihood of a return into the line. Yellow boxes show first penetration of important fibo, red boxes show retrace...

  2. #12
    Junior Member inaoxlkrayda's Avatar
    22
    Sorry one correction from previous chart 50 percent for local transfer down is 2046, same as the new Daily Pivot for today. Weekly Pivot place at 2091. Fibs and pivots all over the area. We ought to be useful up to those levels minute when we clean 2020. And when we hit those levels I'm betting 2122 is going to get its esteem. Anything could happen however, bulls take forever these days.

  3. #13
    Junior Member inaoxlkrayda's Avatar
    22
    Here's an updated chart with a new look at the current TF tendencies. In the shorter term it is fairly a bullish picture as everything but the points upward. Bigger bear tendency in tact obviously. But gives me a hope for better and up place to sell from. All corrected, and with current pivots and relevant resistance points. Moved the potential stop back supporting the current weekly R1, may also because its just a few more points back.
    (this is heavy sea fishing BTW, heading for the swimmers, patience is needed )

  4. #14
    Junior Member inaoxlkrayda's Avatar
    22
    I actually got my very first sign SELL Eur/GPB @ 8272, of this week.

  5. #15
    Junior Member inaoxlkrayda's Avatar
    22
    Stopped out on Eur/GBP -25 pips. Price came back, only entry a bit. Thats ok looking pairs out there.

    Aud/Cad is in the zone right now, pending sell for 8700 in case it could climb the 30 points.

  6. #16
    Junior Member Whera's Avatar
    3
    Hi Steve,

    I just bookmarked your ribbon, gonna read it and get back to you.

    Greets.

    Red.

  7. #17
    Junior Member inaoxlkrayda's Avatar
    22
    Hi Steve,

    I just bookmarked your thread, gonna read it and return to you.

    Greets.

    Red.
    Thanks Red, I'll be updating and changing this around in a bit-appreciate it!

  8. #18
    Junior Member inaoxlkrayda's Avatar
    22
    I have been away from this diary a little, doing some reorganizing and searching around, trying out new procedures.

    MM: high risk=stupid. The original idea was to make a little bit into a lot by simply taking a trades that are great and betting large. Basically, I decided that if I had been successful, it wouldn't really be teaching me very good lessons in the long run. Long term. Best way is to learn is by playing little, and paying little.

    Slow and steady wins the race, and all that.

    Past I've been developing a trading system that I will present here and now:
    --------------------------------------------------------------------

    I went through a number of things. I was trying to find something that would pose likelihood over and over. So I put together a simple system based on MACD divergence.

    Indi's are still an MACD, using fast settings-6, 12, 9.
    RSI with standard settings, 14 period, 70, 30.

    Suitable trades are found on several different time frames. I like the H1, but larger TFs can work.

    1) First step would be to loe some acceptable divergence on a chart.

    Bullish Divergence: Price is shing while MACD is shing upward.
    Bearish Divergence: Price is shing upward while MACD is shing down.

    Notice that when price and MACD diverge, trend should proceed from the direction that the MACD is moving in, if divergence performs sucessfully.

    Divergence plays are constantly so reversal plays.

    2) Second step would be to check the trend. If your trading against a trend that is super powerful, divergence can replie itself a couple of times before playing out. In this case, if you get in early enough, then it may play out itself before moving violently in another direction partly. Set reasonable SL, also if in profit set SL ect.

    If you can place the trade into some further context-divergence showing plus trend stopping beneath some significant fibo or resistance zone of some type, this adds strength to the commerce. Provides plausible SL points.

    3) Check the next high TF that you are trading on, to determine weather it is showing similar divergence, or at least shows the MACD moving in a way where you anticipate the reversal to maneuver. Ex., should you find div. About the 1hr chart and you expect it to be bearish, but the 4hr chart indies the MACD in an ascending state-this is ideal.

    4) If all that checks out to your satisfaction, proceed as follows.

    A) Check the RSI to see that price is coming from a significantly oversold or overbought state and is moving from the favored direction.

    B) Wait for the MACD to contract so that its at the line, or very near it. (Sharp drops at the MACD twords the zero line are more positive than a slow slope twords the zero line.)

    C) Create the commerce.

    So, I will be scouring the charts over distinct TF's and pairs to come up with these setups, and I will be publishing them before-hand if anybody want to follow along. They are not a dime a dozen, but should create a few trading opps per week.

    Example and Template provided below.

    https://www.cliqforex.com/attachment...5350283973.tpl

  9. #19
    Junior Member inaoxlkrayda's Avatar
    22
    USD CHF is a huge contender for a big prize. She is not ready yet, but I'm placing her. Will explore more.

  10. #20
    Junior Member inaoxlkrayda's Avatar
    22
    EJ Daily is developing. Lower TFs have to drop line. Still another one on watch.

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