Triple-zone Strategy

[expiated]

My statistics suggest that it would be highly unusual for USDCAD to continue falling below 1.3253, so I'm putting my stats to the test by purchasing an in-the-money call contract with an awful 2:8 win-to-loss ratio, a strike price of 1.3260, and expiry only one hour away...

UPDATE: In this instance at least, my stats were supported by the outcome, which brings my accumulative total back up to $407.25, but still short of $442.75.

 

[expiated]

AUDJPY is too close to the strike price, which means I cannot afford to risk waiting until expiry to exit the trade, which means I'm going to come up short of finishing this week ahead of where I ended last week at $442.75.

Nonetheless, I'm happy just getting close to breakeven ($439.50) since I was not simply trading a plan this week, but was still in the process of experimenting, testing theories, and gathering/synthesizing information.

I believe I have now, at last, finalize an extremely narrow band of moving averages to signal/confirm reversals in the general, overall, intraday trend.

I also have a specific moving average for gauging the depth of pullbacks in this trend that also doubles as a trigger for entering positions when rates are exiting pullbacks.

Moreover, I have a specific moving average for tracking the overall short-term trend, and another for monitoring fluctuations within this trend.

I also have a set of simple moving average envelopes that precisely define typical price ranges during periods of low, medium, and high liquidity/volatility, and another envelope that borders what is usually the maximum day range.

This should constitute everything I need to continue trading like I was trading today, which is likely the height of the pseudo-swing version of Numerical Price Prediction, I began developing two or three weeks ago.

So today should mark the end of the beginning and next week's activity ought not to include any other major unknowns, provided I now truly do have all the additional information I needed.

 

[expiated]

I was using the aqua moving average to signal/recognize reversals in the general, overall, intraday trend. But it turned out that this indicator was a bit too sensitive to less than significant fluctuations. It appeared that adding the red moving average might be a good way to confirm such reversals, but after trying out a number of other indicators I had lying around, I discovered that the lavender and midnight blue moving averages also avoid false positives/head fakes, but did so while confirming reversals with much less lag.

Accordingly, next week I will be entering positions based on these two indicators rather than the aqua moving average.