GBP.USD & EUR.USD - Proof of Profits Verified

Status
Not open for further replies.
In that case I look forward to you scrutinising my own EUR.USD trades within this systematic approach which I discuss here. I no doubt expect there to be times that both you, others and indeed myself disagree with the potential systematic signals generated!

But, that’s what’s interesting about a systematic approach with no discretional input. There will be times when it’s rather accurate, times when it’s not and times when it kicks you in the face like today in EU with a minimal miss on the trade entry after basically nailing the intraweek trend and level.

Best of luck to you too
 
A rather slow week in GBP.USD thus far - no such pending orders being triggered, it's looking doubtful.

As already mentioned i'm still sour with missing the EU short entry as this was a great opportunity.

I'll leave this thread now until the weekend (unless GU does get triggered tomorrow) and update new trade levels...

Hope you're all having a better week than me!

upload_2019-3-27_21-19-56.png
 
Week Summary & Month End:

  • The Systematic Account - Current Week Unchanged (0%), Monthly Gain (+2.05%)
(current week overview of missed trades according to my pre-weekly announced orders) - disgusting to even look at...a total of 8% potential gain washed away.

upload_2019-3-28_19-25-19.png


(March month end overview)

upload_2019-3-28_19-29-51.png


  • The Discretionary Account - Current Week Gain (+4.75%), Monthly Gain (+15.23%)

(March month end overview)...

upload_2019-3-28_19-27-12.png
 
Last edited:
Week 14 of 52 - Trade Levels GBP.USD & EUR.USD

As always these levels are generated by my systematic trading method - regardless of me personally agreeing with them or not.

  • GBP.USD - This week i’m looking for either a long at 1.2977 or a short at 1.3221. This would be an OCO set-up where one cancels the other upon being triggered. In both instances I will be using a 60pip stop and a 120pip TP based on current weekly average ranges. The position size will be 0.32 std lots which represents a 2% of account risk.

  • EUR.USD - This week i’m looking for a short at 1.1328 with a 40pip stop and a 80pip TP based on current weekly average ranges. The position size will be 0.47 std lots which represents a 2% risk of account.
> You'll also note in EUR.USD the level at 1.1270 (light blue dotted line) - given enough movement at this level during next week I will look to take a short in my own discretionary account as I believe this to be a significant level.

Here is a visual representation of the levels that I'm looking at for next week...

upload_2019-3-29_23-38-58.png


On a side note - there has unfortunately been a lot of noise here recently with regards to me using a demo account, even though it's a direct feed from my own live cash account by using an automated script which copies each and every live order. I simply cannot alter, interfere or adjust these - if I could then last week would have seen both trades profiting rather than missing both orders by a small margin.

I've already explained the reason for this demo decision, which is that I have no obligation to show my own account value, so should anyone still disagree then you're more welcome to leave and slam the door behind you.

I call these weekly pending order levels before the markets open, each and every week. If that's still not enough evidence then I really have no time for you, however for those that want to follow then i'm more than happy to discuss my own logic and trade reasoning.

With that being said, have a great weekend.
 
Last edited:
Midweek Update 14 of 52 - No change in the systematic account.

GBP.USD - The market is entering its fifth week of sideways range bound movement, clearly waiting for a definitive answer on Brexit before breaking out of its c.400pip defined high to low trading range. Currently I'm not too far from the short order being triggered (at the start of the trading week it was looking like I was going to have the long order triggered, however this didn't materialise)

EUR.USD - What's there to really say? This pair is fantastic since 2019 for the individuals who use daily TF analysis with almost perfect buy & sell waves backed by a prevailing down trend. On the 4H TF it's not been a great success though and the levels which have been produced are out of whack, a real disappointment but it happens.

> Current Weekly Orders & Price

upload_2019-4-3_11-0-15.png


  • It's also worth noting that this trading system does not use magical candle patterns or any other form of lagging inefficient retail type miss-educational easy on the eye setups for people who struggle to understand PA....
  • This approach does however purely focus on potential key levels and this is where the orders are placed. The truth is that whilst you're looking for your engulfing candles or shooting star patterns most efficient traders are already in the trade and booking profits. Moving from 'pattern analysis' to 'price analysis' is the real step that retail traders need to make.
 
Update: Week 14 of 52

All pending orders have now been cancelled in the systematic account after neither GU or EU being triggered. A slow week, little movement in EU and range bound within GU whilst barely reaching the extremes of the prior week.

The non-systematic account has however seen gains this week of +5.78%, with a year to date total at +23.5% since 1st March. I'd ask not to be judged by this account though as it's a pure discretionary account based on my own insite on a day-to-day basis. It's essentially a reflection of my own understanding on classical TA, nothing systematic or rule driven. It's the account I go to for killing boredom - ironically it's also killing it.

upload_2019-4-4_22-41-10.png


  • It might also be worth noting that I tend to call many of the discretionary trades live in my twitter account, as I also did today for the trade that cleared a 3.73% gain in GU. No fancy magical candlestick patterns here, just hit the premium levels, when you know how to find them.
 
It's simple really, watch a key support level being broken to the downside and sell on the retest back up; or watch a key resistance level being broken to the upside and buy on the retest back down. Simple classical TA, no nonsense.

Sure, you're not always right, but the RR ratios are usually very attractive and more than make up for the misfires. Todays trade came in at a 1:4 Risk to Reward in a currency pair that most are avoiding, that being GBP.USD (that's where 23% of gains have come from) - the range bound movement over the past five weeks has been a godsend for easy trades by simply playing the range; i'll continue doing that until we get a breakout....and then i'll play the breakout using classical TA....

Don't try to reinvent the wheel - if it works then use it.
 
Last edited:
I appreciate your answer. If you are looking for support/resistance breaks, then a retest, how are you approaching ranges such as GBP right now. Are you assuming those S/R levels will hold? Is this part of your "systematic" approach?
 
Status
Not open for further replies.
Back
Top