Thursday, June 21, 2018

How to find market buttom on structure


Took the trade GBPJPY at 1AM

Rejection done
Retest done
15min cross over done
MACD confirm done

But the Position of the crossover candle is 66 pips which double the size allowable for Stop lost.

Solution use VIX FIX Buttom on 15 min

OBSERVATION  Doubted the system again because i violated number of pips allowed in stop lost.
  2nd time more than 30 pips stop lost I began to doubt.
  16hrs now still my trade did not push through consilidation on 4hrs


WIN trade but goal not hit Stop lost for safety trading was hit only geting $16 total in 2 account






Monday, June 18, 2018

Trade plan details 6-18




Audjpy

Rejection done
Retest done
15 min cross over done
Macd support = is not what i want to see but still i trade it here is the pic

I traded on the next candle making sure the macd that i want is in right direction number of pips is not compromise stil its 30 pips

Lost trade the MACD was right if histogram dont confirm better not trade



The trade plan is in this video










Wednesday, June 13, 2018

trade details 6-12


took the trade
AUDJPY


Rejection done
Retest done
15min Moving average cross over done
MACD confirmation done
Stop lost on favorable less  30pips away




As of 6-13 Asia time retest was form  which created new oportunity if this will be  followed



at 5:04 pm of 6-13 philippine time my running profit is now negative 50 cents since the retest is about where i start my trade. What is testing right now is my faith to trust the system I created but since i consider this a retest for this time i move my stop lost on structure based which is from 30 pips to 20 pips.


OBSERVATION

Along the way if Rejection come prepare for retest because of this a 30 pips take profit must observe to have one step forward to the market. I did not do this on this trade since my brocker doesnt allow me to trade anymore Next time i will be trading .05 so that i can observe 30 pips take profit. creating 2 trades which boost the percentage of winning.

15 min cross over = breaking the retest in 1hr

ENHANSMENT
USDJPY
head to neckline

15 min cross over did not break the 1 hr retest the market went to opposit direction which will be a potential Lost trade.  Start of the HEAD look to the left for Support and Ressistance.

1hr Rejection , 1hr Retest, 15min crossover and MACD confirmation is not enought to start to trade from Head to neckline







Trade Plan 6-11

Currently waiting for the 4 currency
Aud Jpy = Divergent head and shoulders 4hrs
Aud Usd = Divergent head and shoulders 4hrs
Usd Jpy = Head and shoulders 1hr
Gbp Nzd = Divergent head and shoulders 4hrs


Changes on the system
.618 on AudUsd might not follow for the reason it dive down so deep that nearly destroy the head and shoulders pattern. but still I strictly follow rejection retest and 15min crossover back up by MACD.

New things
1. AudJpy = is under 618 which im going to consider for the same reason on AudUsd


Since im waiting on right shoulder I dont have any data to encode but to follow the enhanced version of entry point guide.

USDJPY
1 hr rejection done
1 hr retest done
15 min crossover done
MACD confirmation = NOT CONFIRM - did not take the trade





GBPNZD
1 hour rejection done
1 hour retest done
15min cross over done
MACD confirm

traded at exactly the crossover was seen which make it advance. the reason for it is I might not get enough pips which will make my trade size low. since stop lost is more than 30 pips I lowered my trade size to .4 lot. which risking 72 pips = $19.62 and the take profit is 76 pips = $22 dollars. ratio is almost 1:1

LOST TRADE - points to remember is the stop lost must not more than 30 pips and the structure must be clear on direction of the shoulders. however my analysis was still correct due to 76pips i was not able to set my stop lost to favorable distance where spread was not considerd and if followed the 30 pips rule out i have already profited.

Solution
 1. 2nd trade 30 pip rule 1:1 do not trade above 35 pips stop lost