Created 8 Currency Pair trade Plan
EurCad Divergent Head and shoulders 4hrs
AudJpy Divergent Head and shoulders 4hrs
EurChf Head and Shoulders 4hrs
EurNad Divergent head and shoulders 4hrs
GbpJpy Cypher Pattern 4hrs
GbpNzd Divergent Head and shoulders 4hrs
AudCad Head and shoulders 1hr
AudUsd Divergent head and shoulders 1 hr
The reason I choose those trade Plan since all of them are my highest profit based on pattern trading and I have develop the enhanced version of entry point design for right shoulder entry. which for this past 2 weeks the result was very satisfying
My Priority Currency Pair
AudUsd
Reason- it has the potential of advanced trading
- 1hr time frame and based on MACD indicator its a divergent (signiture trade that never fail me)
AudJpy
AudCad
Reason
AudCad
Reason
- 1hr time frame where i can test my enhanced version of entry point on the head to neckline
- Divergent head and shoulders
Trade I took
AudUsd
AudUsd
Reason
Wher did i put my entry point?
- I want to test my enhanced version of entry point in the head going to the neckline
- I want to find certain flaws
- I want to develop certain system from head to neck line
- I Want to profit in the Divergent signal that starts from head since most cases head and shoulders are not form
Factors that contribute in placing a specific trade
1hr rejection done
1hr retest rejection done
1hr retest rejection done
proceed to 15min for entry
Was not able to trade on the crossover for the reason the Macd doesnt support it
proceed on 5 min time frame used the market checker and identify support ressistance . my entry point is right below the support and ressitance with is sellers area . (pull back strategy 5min)
tools i used support and ressitance on 5 min chart i use 5 min chart since the crossover in 15min chart is less than 30 pips.
tools i used support and ressitance on 5 min chart i use 5 min chart since the crossover in 15min chart is less than 30 pips.
Stop Lost
for the stop lost is in the tip of the head then for the take profit it is on the structure level in 1hr time frame which is near neck line. I did not put take profit at exact neckline for the reason the head and shoulders my perform slanting neck line.
Since this is a test drive trading and my enhanced version law was not followed i traded 50 cents per pip plus i plan to move my stop lost once the market break the 3 fractals below in 15 min time frame.
Was not able to trade on
Audjpy and AudCad head to neckline
The law on rejection and retest in 1hr given but as i proceed on 15min the cross over was already in place so i need to wait for another down crossover of MA. if ever no crossover then I will not trade from head to neck line. This is the law i follow on enhance version of entry point right shouldet to save me from possible trap on consilidation that will lead to the opposite direction ang high potential of lost trade.
TRADE RESULT
AudUsd
Force to move stop lost to almost break even, earning only 35 cents 7 pips for the reason a rejection was formed in 4hrs. following from experience higher time frame rejection is much reliable.
'Hopefully Im right this one of the reason my original trade plan is altered for the reason of new contributing factors that affect it. like example in the pic"
ObservationAfter the rejection and retest cross over of 15min time frame and MACD doesnt support it there will be a a consilidation and possible bounce on opposite direction.
Since this is a test drive trading and my enhanced version law was not followed i traded 50 cents per pip plus i plan to move my stop lost once the market break the 3 fractals below in 15 min time frame.
Was not able to trade on
Audjpy and AudCad head to neckline
The law on rejection and retest in 1hr given but as i proceed on 15min the cross over was already in place so i need to wait for another down crossover of MA. if ever no crossover then I will not trade from head to neck line. This is the law i follow on enhance version of entry point right shouldet to save me from possible trap on consilidation that will lead to the opposite direction ang high potential of lost trade.
TRADE RESULT
Force to move stop lost to almost break even, earning only 35 cents 7 pips for the reason a rejection was formed in 4hrs. following from experience higher time frame rejection is much reliable.
'Hopefully Im right this one of the reason my original trade plan is altered for the reason of new contributing factors that affect it. like example in the pic"
ObservationAfter the rejection and retest cross over of 15min time frame and MACD doesnt support it there will be a a consilidation and possible bounce on opposite direction.
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