You’re a bitchy little fellow, aren’t you.
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Sounds like he has come over form Forex Factory, everyone has something to prove over there, that forum is a mess, hope this thread can stay on track.
I agree with BigLots . It’s best to completely ignore him and carry on as normal.
Sounds like a cry for attention .
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Let’s move on, what actual trades has anyone made?
NZDUSD is in retracement mode and ‘losing’ pips!
What is today’s signal pair?
Enough with all the small talk, let’s get back to what this thread is all about MAKING PIPS!
SW ranking we see USD and CAD continue to lead and GBP is back to # 8, which is great as we are already short GBPUSD which hit a new low giving us +182 pips, and GBPCAD has finally broken to a new low giving us +97 pips, 3 more pips, and GBPCAD* will be our 20th winning trade in a row
NZDUSD* is pulling back but this one has already given us +200 pips, any more is just gravy
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Behold the power of the 200 moving average on the 1hr chart, as I have discussed previously, pullbacks to the 200 ma on the 1hr chart make great entry points, This is one of our Top SW Trades GBPCAD* and look at all the pullbacks and opportunities to go short, the market is just taunting you with this one
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It is official, GBPCAD has crossed the +100 pip mark making us a perfect 16 winning trades in 2018 and 20 in a roll going back to December of last year. We have had a lot of nice streaks in the past but this is the longest one I have documented
let’s keep this going
Note; GBPCAD is now sitting on the 200 day moving average, this is major support, a bounce here is expected, but if price cuts through and closes below the 200 tomorrow then we could be looking at a long-term move down,
Hi Dennis,
Excellent trades, at the moment I am short the following
NZDCAD - + 299 Pips
EURUSD - + 75 Pips
GBPUSD - + 218 Pips
GBPCAD - + 282 Pips
I missed the initial entry on NZDUSD which is pulling back now after a +210 Pips move, I wonder if it can break through the heavy weekly support around 0.68500, where there is Piercing Pattern + Inverted Hammer + Bullish Engulfing present. All are strong reversal candlestick patterns.
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Congrats !! 20 in a row in any system is a result, and to do so catching 100+ moves is stunning.
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Hello Dennis.
Thanks for the great work you’re doing here. It will be great if you could use one of your past successful trade to illustrate how to use this SW analysis along with TA to enter a trade. You can possibly show the SW pair for the day, the chart, the entry price, your TA for taking the trade, your target and all that.
Thanks.
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Now this is the type of reply I enjoy reading, congrats Sbrandi
watch NZD as AUD is already strong and NZD normally will follow AUD
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One of the slowest days we have seen this year
Never happen, read the thread, all you see for reports is the MAXIMUM pip range of the S/W pair; it’s not a trading plan, only a signal system
Never see the signal date, signal price, signal direction, and exit in the same post, fair enough, but you think some traders would chime in with some actual results from time to time.
Not to say it doesn’t work, but a clear record of drawdown before trend continues is not a hard thing to track
Also, using the ADR or a multiple thereof, eg. 2 x ADR, has more logic than just saying, take profit at 200 pips.
WHY? for example the average daily range can be between 52 and 162. Probably a trailing percentage stop might be best but even then, retracement take you out, then trend returns. It is a traders constant battle to find the best Take Profit.
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Are you still here?
If the methodology in this thread doesn’t work for you, just move on …
… to some other thread, or (better yet) some other forum.
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Okay , enough of this, signal date and price is clearly shown for each new signal, if you have not figured that out it is the closing price of the daily candle, price movement is clearly shown in the shaded areas of the charts I post, If you are concern about draw downs, you are welcome to figure them out, as we have not had any losing trades this year it been kind of a mute subject. Johnny if you keep pissing off everyone you will be asked to leave,
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You forgot the part about actual results; why are you upset with me, the other guy asked about showing some trades, please reply to him, thanks.
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Hi Twiks
I prefer to keep my personal trading private, I will tell you I do most of my trading during the Asian session, that is when I will enter on a new signal, I usually will take some profits at 100 pips and let the rest run, I also like to use pullbacks to the 200 ma on 1hr chart for reentry . I keep things very simple, I don’t listen to much news, Price Action tells me everything I need to know. If I am posting charts then you know that pair has my attention
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Lets take a bigger look at GBPCAD, as I said yeasterday the daily 200 ma is major support and we are seeing price respect that support but will it hold, one of two things are likely to happen, one is we swing higher and test the March highs, or price breaks down below the 200 ma and old lows near 1.600 come into play, either way, we are looking at a +1,000 pip move, and I want a piece of that, Currently GBPCAD* is an SW trade, so my bias is to the down side, lets keep an eye on the 200ma on the 1hr chart, price has not spent more than a few hours above that ma since March,
May the pips be with us
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Hi, i just joined yesterday, quick question, are u using exponential MV on 34 and 200? or simple?
Simple moving average
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