@ astock
??? Which Excel sheet do you mean and what files are missing?
@ astock
Itâs correct the way it is. I uploaded it to give other traders a chance to insert their name and the time they are available for what I might call a âtrading togetherâ group.
So everybody whoâs seriously interested in participating - simply download the file, insert name and session you are available and post it here again.
I will check the files posted and update its content when necessary.
Hi Hubinator I canât download the file properly BUT I would like to be entered into the group I trade from 0600GMT to 1600GMT Mon-Fri would it be ok for you to enter me on this spreadsheet please. James
Off topic youâre doing a fantastic job along with FFM, please keep it up Iâm learning loads.
Ok, will enter you on the spreadsheet and collect the data of all those interested. Will post a first version on Sunday.
Excellent thanks a lot. I posted a question on your wall, didnt want to clutter this thread up too much. Thanks again to both of you
@ LearningFast,
just let me know which sessions you will be available.
London Open right through into NY open
Hi Hubinator
I am having issues as well and i would like to be part of the âtogether tradingâ as well. I am available druing the London Open to London Close. Can you please add me to the group as wellâŚ
Can you add me as well, please?
do you need an email address or something?
If anyone purely traded FFMâs signals/strategy this week could you post the results you have ha please.
Just wanted to again say a huge thankyou to FFM and Hubinator for making this thread extremely educational. Iâll be trading this signals from Monday and hopefully the group however big or small will be up and running soon
No, donât need an email address right now. Apart from that I donât think itâs possible to publish email addresses here.
Inserted the names so far; waiting for others to tell whether or not they want to participate.
Results 24.02.
USD/CHF
Signal: This pair is on downtrend, low resistance at 0.9030/35 break is to retracement at 0.9060/65, as Swing sell with Tp1 low at 0.9030/35 Tp2 0.8960/65 Tp3 0.8940/45 Tp4 0.8870/75, as breakout buy at 0.9060/65 with Tp1 0.9105/10 Tp2 0.9145/50 Tp3 0.9185/90
Trade: No trade
USD/JPY
Signal: This pair is on uptrend, retracement at 79.85/90, as swing buy with Tp1 80.35/40 Tp2 80.55/60 Tp3 High at 80.75/80, while as breakout sell at 79.85/90 with Tp1 79.70/75 Tp2 79.55/60 Tp3 79.25/30
Trade: Long with the rate almost touching the upper retracement line and bouncing off to go all the way up beyond TP3. Rate at the end of the day was @ 81.00 which is good for a profit of +110 pips.
EUR/USD
Signal: This pair is on uptrend, high support at 1.3360/65 break is to retracement at 1.3300/10, as Swing buy with Tp1 high at 1.3360/65 Tp2 1.3440/45 Tp3 1.3470/75 Tp4 1.3570/75 while as breakout sell at 1.3300/10 with Tp1 1.3240/45 Tp2 1.3180/85 Tp3 1.3125/30
Trade: No trade
GBP/USD
Signal: This pair is on downtrend, retracement at 1.5745/50, as Swing sell with Tp1 low at 1.5655/60 Tp2 1.5615/20 Tp3 1.5580/85 while as breakout buy at 1.5745/50 with Tp1 1.5785/90 Tp2 1.5810/15 Tp3 High at 1.5870/75
Trade: Two trades
- Short with breaking to the downside but only for a move of 20-25 pips, so rather a break even trade.
- Long with breaking to the upside and moving beyond TP3. Rate at the end of the day was @ 1.5900 which is good for a profit of +150 pips.
USD/CAD
Signal: This pair is on downtrend, retracement at 0.9970/80, as swing sell at 0.9970/80 with Tp1 0.9935/40 Tp2 low at 0.9920/25 Tp3 0.9890/95 while as breakout buy at 0.9970/80 with Tp1 1.0015/20 Tp2 1.0035/40 Tp3 1.0060/65
Trade: Two possibilities to go long with the rate breaking upwards but only for a max move of slightly above 20 pips, so rather a break even trade.
NZD/USD
Signal: This pair is on uptrend, retracement at 0.8340/45, as swing buy with Tp1 High at 0.8405/15 Tp2 0.8430/35 Tp3 0.8495/00 while as breakout sell at 0.8340/45 with Tp1 0.8270/75 Tp2 0.8225/30 Tp3 0.8190/95
Trade: No trade
EUR/CHF
Signal: This pair is on downtrend, retracement at 1.2055/60, as swing sell with Tp1 1.2035/40 Tp2 low at 1.2030/35 Tp3 1.2020/25 while as breakout buy at 1.2060 Tp1 1.2065/70 Tp2 1.2075/80 Tp3 1.2080/85
Trade: Two trades
- Long with breaking to the upside but only for a couple of pips, so I count a loss of â10 pips.
- Short with breaking to the downside and hitting TP1 for a profit of +15 pips.
Overall: +5 pips â but I will count this as break even, so 0 pips.
Hi Hubinator Iâve been using your charts to educate myself but I have a couple of questions if I may about the results from yesterday.
I caught the GBP/USD breakout but it was luck rather than technical analysis.
1; On GBP/USD yesterday I understand the signal FFM put out for a breakout long on the pair but is there a specific method for spotting the breakout according to this strategy or not? I caught it because I was on the 5 minute chart and saw how quickly it was moving away from the upper retracement line. But again is there a specific method for spotting it ?
2; on USD/JPY I didnât take that trade because the signal didnât hit the retracement line exactly as you say it almost touched it but didnât then went long. Is it ok to take the signal if a candle doesnât quite hit the retracement line ? Iâve been searching and reading and analysing your charts to find the answer to these 2 questions but Iâm struggling a little bit.
Thankyou for your continued effort both of you.
GBP/CHF
Signal: This pair is on downtrend, low resistance at 1.4225/30 break is to retracement at 1.4260/70, as swing sell with Tp1 low at 1.4225/30 Tp2 1.4140/45 Tp3 1.4120/25 Tp3 1.4065/70 while as breakout buy at 1.4260/70 with Tp1 1.4300/05 Tp2 1.4330/35
Trade: No trade
EUR/GBP
Signal: This pair is on uptrend, high support at 0.8475/80 break is to retracement at 0.8450/55 Tp1 High at 0.8475/80 Tp2 0.8515/20 Tp3 0.8525/30 Tp4 0.8555/60 while as breakout sell at 0.8450/55 with Tp1 0.8430/35 Tp2 0.8415/20 Tp3 0.8380/85
Trade: No trade
AUD/USD
Signal: This pair is on uptrend, retracement at 1.0700/10, as swing buy with Tp1 1.0770/75 Tp2 1.0795/00 Tp3 High at 1.0820/30 Tp4 1.0875/80 while as breakout sell at 1.0700/10 with Tp1 low at 1.0600/10 Tp2 1.0555/60 Tp3 1.0510/15
Trade: Long with bouncing off the upper retracement line (2 times) and moving for almost 50 pips, so I count a profit of +30 pips.
EUR/JPY
Signal: This pair is on uptrend, retracement at 106.20/30, as swing buy with Tp1 107.35/40 Tp2 high at 107.50/55 Tp3 108.10/15 while as breakout sell at 106.20/30 with Tp1 105.80/85 Tp2 105.50/55
Trade: No trade
GBP/JPY
Signal: This pair is on uptrend, retracement at 125.70/80, as swing buy with Tp1 at 126.35/40 Tp2 126.55/60 Tp3 127.00/05 Tp4 High at 127.35/40, while as breakout sell at 125.70/80 with Tp1 125.35/40 Tp2 125.10/15 Tp3 124.75/80
Trade: Long with the rate bouncing off the upper retracement line and moving beyond TP4. High at the end of the day was in the area of 128.80/90, so I take 128.80 as our exit which is good for a profit of +300 pips. What a beautiful trading opportunity!!!
Valid trades:
USD/CHF = no trade
USD/JPY = +110 pips
EUR/USD = no trade
GBP/USD = +150 pips
USD/CAD = 0 pips
NZD/USD = no trade
EUR/CHF = 0 pips
GBP/CHF = no trade
EUR/GBP = no trade
AUD/USD = 30 pips
EUR/JPY = no trade
GBP/JPY = +300 pips
Result for today: +590 pips
February: +7.080 pips
What results to do you refer to? Yeserday we were rather looking to go short as the overall trend was down. And for USD/JPY there was no trade at all.
I donât think thereâs a specific method to spot breakouts as you simply canât know exactly what will happen. I can only advise to use e.g. a Moving Average cross (as in my charts) that will send an alert, so you will be informed in time about the current direction of the rate.
As far as hitting the retracement line not exactly I would recommend the following: If you trade with the trend then it doesnât really matter if the retracement line is exactly hit or not. But for breakouts that go against the trend of the higher time frame I would make sure to get a clear confirmation of the signal which in your case would mean the candle clearly has to be above or below any of the retracement lines.
Hi Hubinator thanks for helping USD/JPY was traded yesterday as your results for the 24th show a huge gain.
Iâm confused as in FFMâs first post he said donât take the trade unless the price gets hit exactly.
Iâve been looking at the 5m charts to try and identify the specific touching candle that starts the trade.
Also some of the trades you count a loss of -10pips but on FFMâs first post he says to use a SL of 50pips from the start of the daily candle so are you closing a trade early if you see itâs going against you ?
I have been reading and searching this thread and hanging off FFMâs every post as well as my own education and forex study. Iâve been sticking to FFMâs original rules but some of the impressive gains recently posted Iâve been struggling to see exactly what triggered that entry and the price candle on the 15m analysis charts sometimes doesnât quite hit a retracement line.
I wonder if FFM could help.
Sorry of Iâm being a pain just want to learn as much as I can
Well, if youâd always wait for the rate to exactly hit the retracement line youâd probably miss out on many good chances. For USD/JPY it can be clearly seen that at the end of the 23rd the rate bounced off the lower retracement line in an attempt to break it. But as it then followed the main upward trend I think it was just ok to go long. The rate was just a couple of pips away from the retracement line, I think it was only 5 pips, which is ok for me. If itâs more than 10 pips I donât take the trade.
The initial SL is 50 pips, but usually you see way before if the rate goes against you and you can exit earlier. Letâs take, for example, the USD/JPY trade. Going long, you would probably exit when the rate goes against you with the rate either being at the lower retracement line or 5-10 pips below the retracement line. So your loss in the worst case would not exceed 20-25 pips. I know my SL is a little bit too tight, but I think you will still make good profits if your SL is 20 or 25 pips. But thereâs absolutely no need to use a sl of 50 pips.
Ok thanks for the advice. Iâll take that on board. Out of interest what indicators are you using to help confirm the signals/strategy ? 25pip stops are more to my liking definitely.