And the winner is EURNZD, profittarget 1.7500 was reached for a 2R winner in this pair. Every trader's dream - fast movement in a clear direction.
... but is it doable in reality ?
- Thread starter janbillian
- Start date
The long setup in the DAX/GER30 did not work out, SL would have been triggered.
EUR vs JPY (EURJPY), this I believe is a clear longsetup, but the holding period may be long as I think it could advance to 132.00 or even higher. It as of now trades @ 123.58, I'd place the SL a full 260 pips below entry at around 121.00 .
I'm not satisfied with the way € / JPY has developed, would close this long position with a slight loss (it now trades 123.092) - and switch back to a long position in € vs NZD (EURNZD), NZD is sometimes called kiwi. Why ? Strong chart on weekly, bar just "creeped" above the EMA34 and I think this may be a better long term setup. How would I place a bet here ? I'd now be a buyer @ 1.7539 and place the stop loss a full 250 pips below entry level ! Profittarget ? 1.8250 . If reached, would be a 3R winner ! SL should be moved to breakeven if we see 1.7820.
Update on the setups I posted . The Bitcoin short would not have worked out - the stop loss would have been triggered. From a pure trendfollower's perspective, BTCUSD is now actually a longcandidate (10,600 US as of now) - but I have Warren Buffett's harsh verdict in my ears, would not go long in this underlying.
DAX/GER30 long setup SL would have been triggered, too !
Palladium may become a 4R winner (Profittarget 2,400),
GBPUSD a 2R winner. Both were long setups, I'd move the SL to breakeven in the two.
GBPUSD long setup was posted on page 10, palladium long setup on page 8 .
DAX/GER30 long setup SL would have been triggered, too !
Palladium may become a 4R winner (Profittarget 2,400),
GBPUSD a 2R winner. Both were long setups, I'd move the SL to breakeven in the two.
GBPUSD long setup was posted on page 10, palladium long setup on page 8 .
Silver exploded in the last week(s), now trades @ around 24.19 . It may continue it's upward trend after some crazy recent volatility. I'd be a buyer here with the stop loss placed at around 23.30 US$ . Profittarget would be 27.00 US$.
... SL would have been triggered in the silver long setup.
It now is actually a short setup ! I'm late, should have posted it when the first bar closed below EMA34 (see chart). I'd go short now with a 80 cent SL above entry, 210 cents profittarget below entry. Silver now trades around 23.33 .
It now is actually a short setup ! I'm late, should have posted it when the first bar closed below EMA34 (see chart). I'd go short now with a 80 cent SL above entry, 210 cents profittarget below entry. Silver now trades around 23.33 .
GBPUSD has reached the profittarget of 1.3100 .
... frustratingly, the silver shortsetup did not work out - two losses in a row in silver.
Bitcoin I'd trade with an SL that, if hit, would wipe out 0.5% of my equity. Despite Buffett's warning, it looks so great from a pure trendfollower's perspective. I'd now go long with the stop loss placed @ 9,500 US$ - profittarget 15,000 US$ .
Price now is 11,267 US$ .
Bitcoin I'd trade with an SL that, if hit, would wipe out 0.5% of my equity. Despite Buffett's warning, it looks so great from a pure trendfollower's perspective. I'd now go long with the stop loss placed @ 9,500 US$ - profittarget 15,000 US$ .
Price now is 11,267 US$ .
I believe your system is too simplistic.
I write machine learning algorithms for the market (deep learning, evolutionary, and gaussian), and if such a system works one of my genetic searches would have uncovered it quite quickly.
I notice you are always buying into a trap. Someone earlier in this thread mentioned you should backtest. You should listen to them.
It's fun to spend time learning about the markets, but if you plan to make some real money here, treat it like a PhD and get to your research.
I write machine learning algorithms for the market (deep learning, evolutionary, and gaussian), and if such a system works one of my genetic searches would have uncovered it quite quickly.
I notice you are always buying into a trap. Someone earlier in this thread mentioned you should backtest. You should listen to them.
It's fun to spend time learning about the markets, but if you plan to make some real money here, treat it like a PhD and get to your research.
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