EUR/USD: 4h chart long entry at 1.3920. +250pips atm
AUS/USD: 4h chart long entry at 1.0430. +270 pips atm
EUR/AUS: 4h chart short entriy at 1.3320. +100 pips atm
I already locked in some profits:
EUR/uSD: Moved my SL to 1.4040 (some pips below 4h middle band). I will keep tightening the stop next week.
AUs/usd: Moved my SL to 1.0598. I will keep tightening the stop next week.
Eur/aus: Moved my Sl to Breakeven.
Here are the chartsof the entries, for the 3 trades:
Here are my last 3 trades: short entries on EUR/USD, AUS/USD, and NZD/USD on the 4h timeframe, + 533 pips atm, and facing some friday retracement. The targets are last month low, so we could easily make 1500 pips with these 3 trades, lets see how they develop next week!
Hi Gas,
Thank you for the posts above. I never used BB in my trading but it looks promising. I took the following trade using “Gasanvill System”. Can you please comment if this is a good trade using your strategy?
EURUSd
Daily price below middle band
Entered on H4 on break of middle band
SL aprox. 125 pips where should i look for profit take?
Ok, You entry was good, but as you can see the middle bollinger band on the 4h chart is not point down, is just flat, so you can see the price was kind of ranging. I wouldn be surpised if the trade doesnt work, because ideally the middle bollinger band should be pointing in the direction of the trade (in this case down). That means STRONG MOMENTUM.
But your entry is still good becasue the daily trend is down, so you only take short trades in the 4h chart. The target would be last month low, take a look at the daily chart and you will be able to find it easily around 1.3145. Be careful with reversal, so trail your stops carefully.
Next time try to find entries where the middle band is pointing in the direction of the trade
Still tow trades runnig: eurusd +100 atm and aususd, + 350 atm. Im moving my SL to BE on eurusd, and securing 220pips on aususd (moved my SL to 0.9985 just above 4h middle bollinger band)
Here is the chart of my nzdusd trade closed now, as you can see prices hit last month low:
I was trying to replicate some of your trades, to make sure I understand your system correctly. Unfortunately, I am not able to replicate the USDCAD trade that you mention in post 78. You said you placed a BUY order, however, when I look at the chart, it seems as the BB at this point of time was pointing down, would this not contradict with your system (in post 73 you also mention the USDCAD pair to be in a good short setup)? Or did you do this because the daily trend was still pointing up?
The entry order was placed above middle bollinger band on the DAILY chart of USD/CAD. As you can see in Oct 18 and 19 the middle band on the DAILY chart was pointing up. This was a daily trade, not a 4h trade. Remember you can make entries on the daily charts or the 4h charts. This was a daily trade that didnt activated:
Yes, a good set up is forming, but price is still away from the upper band, it has to touch it or come really close. Anyway Im not taking the trade because that pair didn`t have good results when I back tested it. Remember to only use the trades on the pairs I posted on my first post.
I backtested UCAD last weekend on D1 only, just taking TP at the bottom band, stop above/below the swing, not trailing the stop or anything. From mid 2009 to now, got about 1 trade every 3 months.
11 trades, 2 losses, net +840 pips. Not a huge return for 2+ years. A few trades, if held, would have gone 3x-4x TP, so some improvement is possible.
Hey NB!
Gas looks at multiple pairs as well as 4hr entries.
That would increase your no of trades, as for the winning % and r:r, we have to backtest to find out!
Thanks, looking at your screenshot, it all makes sense. I will need to check why in my case the BB was pointing down, as I have also looked at the daily chart. Maybe my settings are not correct…
Another question I have is in regards to when you are actually placing your orders. Let’s assume you are in an uptrend and the BB is also pointing up. Then you realize that a candle is touching the bottom bolinger band, suggesting that a long trade setup might be coming soon (i.e. if it crosses the middle bolling band again). So are you placing a PENDING order above the middle bollinger band right at the moment when you see a candle touching the bottom bollinger band, or are you monitoring the chart and then place a MARKET order when the price actually crosses the middle bollinger band?
Yes UCAD doesnt give a lot of trades, cause most of the time is ranging. Actually most of my trades are 4h tardes as you can see in all my posts. Feel free to backtest other pairs in the 4h charts…you will find a lot of more trades.
