Analysis and signal

Discussion in 'Technical Analysis' started by forextrader1990, Feb 2, 2020.

  1. I post analysis and signal here based on the strategy I posted in this thread:
    https://www.elitetrader.com/et/threads/a-strategy-that-is-a-secret.339655/

    How I trade?
    For example, In an uptrend trend line, When the price breaks out the trend line, after 50 pips, I buy. I put 40 pips TP and put the SL, 50 pips in below of the 161.80% of the Fibonacci.
    The SL is big but I have to put a big SL. And it profits about 95%.
    If the price touched the 161.80%, I buy again. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the Fibonacci.
    If the price touched the first SL, I buy again. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the Fibonacci.
    Sometimes 161.80% of the Fibonacci is near to the break point. In these cases, I use the 261.80% instead of the 161.80%.
    I work in the H4 time frame. But sometimes I trade in the daily time frame and the first trade will be on a different point. For example 100 or 150 pips.
     
    Last edited: Feb 2, 2020
  2. Sell EURUSD: 1.1092
    TP: 1.1052
    SL: 1.1332

    [​IMG]
     
  3. Buy AUDUSD: 0.6690
    TP: 0.6800
    SL: 0.6396

    Daily
    [​IMG]
     
  4. Result: +40 pips
     
  5. Buy CADJPY: 81.95
    TP: 83.15
    SL: 74.20

    Daily
    [​IMG]
     
  6. Sometimes the first SL is so big. In these cases I may trade about the middle between the first trade and the 161.80%. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the Fibonacci. (Uptrend trend line)
     
  7. For the first trade, Sometimes I wait more than 50 pips for a better TP.
     
  8. Sell USDJPY: 109.51
    TP: 109.00
    SL: 111.90

    [​IMG]
     
  9. Buy EURAUD: 1.6391
    TP: 1.6441
    SL: 1.5753

    [​IMG]
     
  10. You probably wonder that my stop losses are so big. But I believe my strategy profits 99%.
     
    #10     Feb 5, 2020