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M5-Two-Way-Confirmation-Strategy

  • #101
  • Jun 12, 2011 7:32pm Jun 12, 2011 7:32pm
Quoting Forexcube
This is one concept among many trading systems which I trade since 5 years. When I trade this system it could collect between 200-500 pips a week, dependent at the market environment and of how many currency pair you will be willing to adapt to, as you may know.

Most of the time I trade it at EURUSD and make some pips here and some pips there, which could be entirely satisfactory for me. I make the money about the lot size parameter and the probability event of profit taking (risk reward ratio) also, as you may know.

"Results please". What...
Hi Mr ForexCube
Please keep on posting as you have been and ignore comments and questions like these. "Swizedütsch: Dr tüp is niidisch, beschränkt und het cheni maniere!...und chunt nid drus, we me dr name aluegt". Happy trading
  • #102
  • Jun 13, 2011 2:53am Jun 13, 2011 2:53am
Silver, M1, 2011 June 13
Silver, M5, 2011 June 13


Long @ 35.70

Exit: 35.90

Profit: + 20 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver, M1, 2011 June 13.jpg Size: 495 KB
Click to Enlarge Name: Silver, M5, 2011 June 13.jpg Size: 496 KB
  • #103
  • Edited 6:52pm Jun 13, 2011 3:05am | Edited 6:52pm
Multiple Time Frame

H4, 2011 June 13

May be it's clever to wait at DS1 and set a pending order Long @ 35.52 with tight stop loss or a hedging order I prefere the Hedging.
Further downs till 35.21 MS2 could also be possible. Trading shorter time frames (M1/M5) seems for me actual more indicated.

See further #104, please.
Attached Image (click to enlarge)
Click to Enlarge Name: Silover, H4, 2011 June 13.jpg Size: 481 KB
  • #104
  • Jun 13, 2011 3:06am Jun 13, 2011 3:06am
Silver, H1, 2011 June 13
Silver, M15, 2011 June 13

Multiple Time Frame Analysis means also to take a look at other time frames.
M15 is signaling a divergence and the H1 frame has pointed out three indifferent candles to say that the market is in an indecision stage.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver, H1, 2011 June 13.jpg Size: 506 KB
Click to Enlarge Name: Silver, M15, 2011 June 13.jpg Size: 500 KB
  • #105
  • Jun 13, 2011 3:15am Jun 13, 2011 3:15am
Silver, M5, 2011 June 13
Silver, M1, 2011 June 13

Trading actual the M5 range with the Bollinger Bands at M1.

...and wait for a breakout!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13, Range.jpg Size: 501 KB
Click to Enlarge Name: Silver, M1, 2011 June 13, Range Trading.jpg Size: 536 KB
  • #106
  • Edited 4:09am Jun 13, 2011 3:32am | Edited 4:09am
LCrude Oil, H4, 2011 June 13

Long @ 98.86

...and set a Pending Order Long at DS1 97.58 (Target @ mR2 102.23)

Target @ 101.10 (DR1)
Attached Image (click to enlarge)
Click to Enlarge Name: LCrudeJul11, H4, 2011 June 13.jpg Size: 525 KB
  • #107
  • Edited 4:07am Jun 13, 2011 3:46am | Edited 4:07am
Silver, M5, 2011 June 13

Long @ 35.62

Target @ 37.20 (DR1 37.29)
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13.jpg Size: 497 KB
  • #108
  • Edited 8:03am Jun 13, 2011 4:05am | Edited 8:03am
Silver M1: DS1 35.52 is reached.

Enter Long again @ 35.52

Target @ mS1 36.10
  • #109
  • Jun 13, 2011 4:18am Jun 13, 2011 4:18am
GBPCHF, 2011 June 13

Pending Order Long @ 1.3654 (mS1)

Target @ 1.3760 (DR1)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF, H1, 2011 June 13.jpg Size: 539 KB
  • #110
  • Jun 13, 2011 4:37am Jun 13, 2011 4:37am
GBPCHF, M5, 2011 June 13

Long again @ 1.3620
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF, M5, 2011 June 13.jpg Size: 490 KB
  • #111
  • Jun 13, 2011 4:39am Jun 13, 2011 4:39am
Quoting Forexcube
GBPCHF, 2011 June 13

Pending Order Long @ 1.3654 (mS1)

Target @ 1.3760 (DR1)

Pending Order has triggered. Long@ 1.3654

See #111
  • #112
  • Jun 13, 2011 4:53am Jun 13, 2011 4:53am
LCrudeOil, M15, 2011 June 13

Long @ 98.28

Target @ 100.48 (mR1)

See also #107

Actual:
In the market with 2 orders (1H4 and 1M15)

...and set a Pending Order Long @ 97.60 (S1), Target @ 99.83 (DPV)
Attached Image (click to enlarge)
Click to Enlarge Name: LCrudeJul11, M15, 2011 June 13.jpg Size: 500 KB
  • #113
  • Edited 8:10am Jun 13, 2011 7:54am | Edited 8:10am
Quoting Forexcube
Silver M1: DS1 35.52 is reached.

Enter Long again @ 35.52

Target @ mS1 36.10

M5 resistance. So get out with this M5 order just now and take the profit at home.

Exit @ 35.94

Profit: + 42 pips

One more entry order is in the market (Long @ 35.62, Target @ 37.20, Stop Loss@ 35.68, see #108, #115).
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13, 14h51.jpg Size: 472 KB
  • #114
  • Edited 6:51pm Jun 13, 2011 8:01am | Edited 6:51pm
Quoting Forexcube
Silver, M5, 2011 June 13

Long @ 35.62

Target @ 37.20 (DR1 37.29)
See #107

Silver, M1, 2011 June 13

Set
Stop Loss @ 35.68
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M1, 2011 June 13, Stop Loss.jpg Size: 467 KB
  • #115
  • Jun 13, 2011 8:17am Jun 13, 2011 8:17am
USDCHF, H1, 2011 June 13

Long @ 0.8365

Stop Loss: 0.8340 - 12 points below the Hammer (0.8352).

Target: 0.8420 (mR1: 0.8428)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF, H1, 2011 June 13.jpg Size: 505 KB
  • #116
  • Edited 6:52pm Jun 13, 2011 8:27am | Edited 6:52pm
Quoting Forexcube
See #107

Silver, M1, 2011 June 13

Set
Stop Loss @ 35.68
Stop Loss has triggered.

Profit: + 6 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13, Stop Loss.jpg Size: 478 KB
  • #117
  • Edited 8:54am Jun 13, 2011 8:32am | Edited 8:54am
Silver, M5, 2011 June 13

Long @ 35.55
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13, 15h30.jpg Size: 477 KB
  • #118
  • Jun 13, 2011 8:43am Jun 13, 2011 8:43am
Quoting Forexcube
Silver, M5, 2011 June 13

Long @ 35.55

Confirmation at M1 and wait now for the M5 Confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M1, 2011 June 13, Confirmation.jpg Size: 469 KB
  • #119
  • Edited 6:50pm Jun 13, 2011 8:55am | Edited 6:50pm
Quoting Forexcube
Silver, M5, 2011 June 13

Long @ 35.55
See #117

M5 Confirmation doesn't arise.

Hedging @ 35.48 (Short)

...and waiting at higher time frames (H1/H4, may be Daily) for unwinding the Hedging Order.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 June 13, No Confirmation.jpg Size: 500 KB
  • #120
  • Jun 13, 2011 10:02am Jun 13, 2011 10:02am
Just subscribing to the this wonderful thread!
Stay on the PIPest side of life!
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