30 Pips A day Keeps the your money at bay

oh i see, i think i concur with this. thanks for the break down tonyro44


are this patterns right?

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Markos I cant see your fibs, so I can not tell you if the D point you are projecting is accurate. The second chart (GBDNZD) wouldn’t be a valid pattern though because the B point extends past X.

Looks legit but GBP is more on fundamental factors now. Brexit and political uncertainty may bring many surprises which will completely change the picture.

Why are you limiting your trades to just 30 pips a day? Why not let a winning trade stay open and just set a stop at the 30 pips mark so you know you get it, then set a trailing stop and letting the trade just run … you could turn 30 pip winners into 100 pip winners with just that one change.

Just curious why you’re “restricting” your profits like that.

this is a butterly pattern right? or a fruit bat pattern…

whats the best pairs to use for a day trader?

Simply go through the thread from the beginning, questions as such are already answered within the first year’s posts, advanced techniques that are added to boost your performance and discipline are within the years that follow them.

If you have further questions, feel free to send me a private message :slight_smile:

Btw, look at the 30 pips a day a day thread like a book. You will than have a good concept of the trading world from the unified perspective of all that have participated in creating this thread.

Hello guys, I’m back and ready to continue contributing to the community. I have learned and grown a lot during my time away and feel that now is the right time to start sharing all the knowledge I have accumulated throughout the years. But unlike before where I would teach the basics and advance techniques of the markets, I will be showing you this year how to put everything we have learned together and make some profit :). As a result, you will be seeing live trading signals and analysis as in the past. For my convenience, I’m going to start posting tomorrow and leave yall with a thorough analysis of the markets on Sunday. Have a beautiful day :slight_smile:

Also… sorry for the broken images throughout these few months… “photobucket” held our photos at “ransom” and forced everyone hosting on their servers to pay a hefty yearly fee… I refused at first because of the ethics of how it was done… but realized that the info we have here is extremely valuable for the community and was inspired to come back and give again :).

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So… I spent the past 3-4 years analyzing the markets and fib levels thoroughly… I created a formula for the fibs we used on the regular and applied it to them and discovered the following fibs:

Here is the list of additional fibs I have added to my tool box: .118, .309, .441, .559, .6625, .7465, .836, .943, 1.136, 1.445, 1.809, 2.309, 3.445 (The Bold fibs are also used as CD projections).

I did so after noticing the price continued to fail on certain patterns by closing bellow the original convergence zone but always seemed to move as a fake out in certain pairs and instances.

All in all… the results have been tested… they work best on pairs with huge volatility. In addition, you can work with just these fibs instead of the standard ones and still find patterns that have completed and developed good with them starting from the 90s.

Also please note the two following fibs as KEY in any trading style that you are using that use the “Legacy” fibs.

A) 1.136 <= this fib tends to confirm whether a 100% CD point is legitimate or not after a closing bellow the 100% fib zone. The pip difference between the two is minimal and increments as with all else with the time frame it is viewed in. Taking a trade inbetween the 100% CD and 113.6% CD seems to be the best for yen pairs.

B) 3.445 <= This fib is a calculated extension to the 2.618 and has worked flawlessly in predicting key market trend reversals and continuations within the market. This by far has become my favored fib to use because of this case and the majority of my trades will be based off it. A break or respect of this fib point tends to indicate a movement similar to the XA measured in the corresponding direction.

In addition, the .118 Fib tends to signal the continuation or reversal of a trend. I do not use this fib for entering patterns. But it helps determine whether the market is creating a true swing or continuing… I will elaborate on this more thoroughly throughout the year as you see me progress within our trades.

I suggest that you download the fxcm app and play around with these fibs replacing all the old ones so you can see with your eyes the levels that are respected in the different markets.

Again remember, these fibs are basically the 50% zone in between the following fibs: .236, .382, .5, .618, .786, .886, 1.272, 1.618 2.0, 2.618

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TMoneyBags, i have followed this discussion since 2016 and i know you got something great here. Can you do a video to explain this, i believe that this will give much clarity. Thanks

Wow! I remember following this discussion back in 2009 or so!?!?

Look forward to seeing how much difference the years have made to your trading!

Are Phil, thephoenix, dale and some of the other oldies still about?!?

BTC/USD

Analysis

First Quarter 2018

Please see link.: 30 pips a day - Bitcoin - BTC\/USD - Analysis 2018 - 001

I started using MT4 because FXCM migrated our accounts to forex.com ive been getting comfortable with the platform.

Please note that i will be posting video analysis of all the markets The Sun Land Capital is looking at.

For more info feel free to leave a reply or PM me.

Have a great trading Decade :slight_smile:

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BTC/USD

Analysis

Switching Brokers

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Plz stay tuned :slight_smile:

Nice to hear from you, we might hear from them soon :wink: i took a nice hiatus to put things in life in order… and now im ready to show all the results and predictions

Here we have an analysis of the USD/JPY Daily

BTC/USD Analysis continued.: