Ok, thanks for clarifying that! (I guessed that’s what you meant, but I do not want to make assumptions)
A/D divergence on the cable with oversold on Williams %R. I’m not near a key level that i’ve previously marked so i’m looking at the mid fig and big fig levels. I considered getting in on the 80level but decided to stick to big and mid fig for now at least. LO we had the judas swing up and i set my order to sell at 1.5700, i have not been filled yet and im not sure that i will either. Here is the what the set up look like on the Cable 1hour chart.
Looks like i missed the boat on this one! price has travelled 50pips south already. I may try to get in sync with the move in NYO.
EDIT: i cancelled my order by the way
Hey guys, took a loss today. I have to put my hand up and admit i made a small mistake on the entry of this trade. i entered at 1.5695, when I should have entered at 1.5700, I know its only 5pips (thats what I thought) but it turns out it was the difference of making 1% and getting stopped out at break even for the other half and losing a whole 2% !
Its really annoying instead of being 3% up for this system this week i’m not at break even for the week and have to reduce my risk to 1% again. That’ll teach me not to mess with the rules!
Anyway i quick review of the trade, divergence on the A/D and over sold on williams % R, chart below should show it; there was also SMT divergence between cable and fiber with the fiber failing to making higher high.
I spotted a Reflection pattern in hind sight just after getting in on the trade too. If i had entered on the figure or on the reflection pattern i would have escaped with 1%.
On to the next one!
Reflection
Weekly Review
I will be going over my levels again later today so you can expect to see that soon.
This week i risked 1% on my first trade and won 2.15%, i then moved my risk up to 2% and lost that trade. So to keep the numbers simple i’ll call this a break even week. I will of course return to risking 1% for the next trade.
Week 1= -1% Loss
Week 2= -2% Loss, (1 Trade Loss) Total -3%
Week 3= 0%. (2 Trades, 1 Win 1 Loss) Total -3%
I’m looking at a set up in LO, i’ve placed an order to buy at 1.550. I’ll post my analysis if my entry if filled.
i meant 1.5550
Hey Guys, I need to update you as i’ve taken 3 set ups in the last two days!
Firstly lets go over the one I took yesterday!
Cable Long, A/D divergence near a key level (1.5480) It was not the best divergence because even though the A/D was making higher lows the Cable could make a lower low just a low that was equal to the previous days low. As it was a Key level I thought it would be a valid entry and I got in on an OTe on a 15 chart after the low was made. Here was there chart looked like…
After i entered the trade at 1.5498, I took off half around 25 pips and let the rest go, price went up around 50 pips and then stopped me out at break even latter in the day around LC. I was tempted to take all profits but I thought we had priced in a major low at the time and this would be a trade that i could hopefully hold for a week or two.
Result = + 1/2 %
Now today was a weird situation because i found myself Long on the cable and short on the Fiber at the same time!
Heres how things played out! This morning I missed my opportunity to go long at right at the key level of 1.5480 with a clear set up that included SMT between cable and Fiber.
Here is what that set up looked like, and had I taken it I would have been able to take half off and would have been taken out at break even for the rest later in the day.
Now as i missed this trade during LO i set an order to buy at 1.5480 just in case it came back down during LO and took me in, I later left for work and forgot about the pending order and during NYO i was taken in! i couldn’t check my charts to see if it was a valid entry still and it turns out that it wasn’t as the A/D stopped diverging, as i didn’t know i just closed my trade at break even soon as I could.
Just reference this would have been another + 1/2% had i taken the correct entry.
We also had a set up opn the Fiber which i managed to take in LO. I was filled at 1.2152, 2 pips above the resistance level. It was a nice set up, Over sold on Williams %R, A/D divergence and in a Kill Zone at a key level. I took the trade and managed to take off half at 25 pips leaving the rest at break even, if i had taken the rest off at LC then i would have had a full 1% for the trade but i wanted to leave it on till tomorrow, unfortunately it stopped me out at B/E. So another +1/2% banked making it a grand total of 1% for the week so far, i think i should call the Pagani dealership too! lol
even though its slow as I have reduced my risk to only 1% per trade i’m just glad i’m going in the right direction and getting some experience with this method.
Here was the set up…
Wow isn’t time flying! onto the 6th week of trading now. Sorry i didn’t post las week but I wasn’t trading for two reasons, 1) work issues not giving me enough time and and a busy week for news with non farm payroll too, so i decided to stay flat for the week. A quick summary of results so far.
Week 1= -1% Loss
Week 2= -2% Loss, (1 Trade Loss) Total -3%
Week 3= 0%. (2 Trades, 1 Win 1 Loss) Total -3%
Week 4= +1% (2 trades, 2 wins) Total -2%
Week 5= 0% (0Trades) Total -2%
Good luck everyone with their trading this week, will hopefully find something this week.
Patience Pays 
No trades last week
update of results
Week 1= -1% Loss
Week 2= -2% Loss, (1 Trade Loss) Total -3%
Week 3= 0%. (2 Trades, 1 Win 1 Loss) Total -3%
Week 4= +1% (2 trades, 2 wins) Total -2%
Week 5= 0% (0Trades) Total -2%
Week 6= 0% (0 Trades) Total -2%
I might have just missed a trade, i’ve set an order to go short at 1.5702 on the cable with a 20pip stop. Rules have been met but it seems i may have missed the trade by an hour or two.
Criteria met:
Overbought on Williams %R
Divergence on A/D and Cable
Turtle Soup
Also at a larger 79% OTE for a down move (using the high of 27/7/12 down to the low on 2/8/12)-See chart at the bottom.
Please see chart below for set up. I will leave my order open for an hour after that i will close it out.
My order is for a small position of 1%.
Things i don’t like about this trade:
Its a Monday
Its NYO ( I prefer LO)
There’s no SMT between cable and fiber
Maybe not missed bro 
yep i’m in bro! at 1.5702. Don’t you always wish you set the order a little higher or lower. i’m thinking i should have gone with 1.5705 or 1.5710 lol. only got a 20pip stop loss on this one so i hope its enough. i’ll keep you posted.
long and slow at the moment, not sure if i will hold or exit in London Open yet, so far half off at 20pips. Looking at the asian range low of today (Monday) as my exit from tomorrow
I was stopped out on the other half at break even, giving me a total of 1/2 % profit.
I have re=entered at 1.5706, which is an OTE from the high of yesterday down to the session low last night. I waited for SMT divergence between cable and fiber for confirmation and entered, hoping this is a continuation of yesterday. I also noticed that while the Fiber took out yesterdays high it also ran into the sweet spot on a larger OTE, i wasn’t sure if it would take out the highs from 8/9/12 too but taking out yesterdays high was enough confirmation for me.
EDIT: i forgot to mention, i’m risking another 1% and my stop is 25pips
hey guys i didn’t like the way the trade was going so i exited the trade at 10pips profit, giving me another 1/2% for the week with a total of 1% profit so far this week.
Not sure if it was the right or wrong thing to do but when in doubt its better to be out
I may sit on the side lines for a bit till things become more clear for me.
Tycoon,
I applaud not only your transparency, but your ability to stay the course. Seeing as how you drill down to the 15min to refine entries, I thought I would make a suggestion.
Go back through your charts and identify where the A/D (or any indicator for that matter) puts in a divergence, and then CONFIRM it with an SMT divergence or USDX divergence. Only pay attention to the price action where BOTH divergences occur.
You may be interested in what you find.
Cheers,
NT
thanks for the kind words NT.
I have done a little manual back testing but not with the the SMT or USDX divergence as well. will defo do that!
cheers buddy