Cycle Trading

Same always. Buy the dips, sell the rallies. Then use whatever tool(s) help me find where and when. Lately it's just been traditional S&R, trendlines, and chart patterns, some static cycles, and a little bit of the wavy line forecast. I haven't been using the Gann Square as much because I wanted to get my nake chart trading skills back to where they need to be.

ALL THINGS W.D. GANN
http://www.bonniehill.net/pages/w.d.gann.html

Current EURUSD. Playing well with the forecast. I didn't trade friday, but the low came in on the NFP spot on. I've got a short on now with a Nadex Spread. I've also got an Iron Condor setup on the S&P e-mini future option.

Long on AUDUSD. Targeting .7067.

good call. gold is oversold. I was going to buy some.
Aud and gold are somehow correlated

A few updates on how the EURUSD forecast has been playing out. Blue forecast picking up bottoms pretty well and inverses on the highs. The yellow forecast is the same cycle but anchored to a different spot and it's tracked pretty well as well. These forecasts have nothing to do with historical data. They're just fib spirals flattened out into 2D and then over layed on a price chart.

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I shorted EURUSD with a Nadex Spread at the high last night not because of the forecast, but because of price action and market structure. The exit was based primarily on using the forecast for timing. I also set up an Iron Butterfly with binaries and that paid off handsomely.

I'm currently short S&P with a spread and a couple of binaries. Missed my chance to get a full butterfly setup but the run back up gave me a chance to get another binary to the short side.

Also short NQ. I had an Iron Condor setup, but price rose up and I took the long side out at full profit and grabbed a couple of short side binaries to cover the cost of the short side condor wing. The short side wing is not around B/E and the binaries are both heavily in the money. Even though the condor is busted, acting quickly turned the low cost loss into a very nice profitable trade overall. I love nadex. So many conditions to make profit and lower risk.

That didn't really go anywhere. The spread paid out something tiny like $35 but the lack of movement was great for a butterfly I setup.

S&P played out well. Closed everything out. I didn't let the binary settle but it was maxed.
The left arrow shows where I entered the spread. The green box is the spread. Because I got in right at the ceiling the risk was miniscule. Price rose up on me but that has zero effect on risk. Had I been around this morning I could have taken profit at 2071 but alas I was not. Instead I took the opportunty to sell a binary option at the right arrow. Price ran back down to the 2071 area. Cha ching cha ching.

Here's how the Iron Condor played out on the nasdaq. The green box represents both spreads and there is a green line in the middle. The shaded area is the positive zone. If both spreads finish in the money, the mid line is the optimal profit zone. When I arrived to my computer price was at the ceiling of the lower spread which is well outside max profit of the lower spread so I closed the lower for max profit. Worst case scenario, that cuts the loss of the upper spread quite a bit. I also entered a binary short at the arrow to eat the rest of the cost at 4672. I had an existing short binary at 4668 that was out of the money at the time for a butterfly I was trying to let into.

Price dropped straight down to the midline and I closed the upper spread for close to max profit. I also closed both binaries since they were near max profit. The drop triggered my lower wing of the butterfly and it's now in profit.

I was doing AUDUSD Butterflies last night. Glad I quite when I did. The AUDUSD forecast line spot on. I haven't made any adjustments to it in ages. I quit at where the chart says 12. Had I been paying attention to the forecast, I might have gone short or possibly set up some buy orders to get long. Hindsight. Anywho, spot on and tracking well. 3D fib spirals... coolio.

The AUD forecast is pretty impressive!!

Do you use iqfeed?

I do not iqfeed. I just use mt4 csv's that get exported out on every tick.

Dentist appt Thursday and didn't trade today, so nothing since Wed. The AUDUSD forecast still tracked well. The EURUSD primary forecast(aqual) was spot on most of the week. The secondary(yellow) was spot on when the primary wasn't.

I've mostly been doing AUDUSD ITM binaries the last few weeks. It's done very well for me. Pretty simple. Just bet where price is not likely to go. Doesn't require any price movement at all.

Last night I finally put on some directional trades. Shorted S&P. The forecast has been spot on. Shorted EURUSD which ended up as a loss. Shorted Nasdaq which paid off and currently have a bottom heavy Iron Butterfly on the NQ which is going to cash out. Also long with an ITM S&P which is going to cash out.

Is anyone familiar with Beck's Emblem?

https://help.market-analyst.com/supp...-beck-s-emblem

Yeah, I"ve seen that ennegram before. I tried Market Analyst when it first came out. It's hit rate is no different than any other geometric pattern in my experience. Placement and scaling is everything.

Placement and scaling is everything, I agree. On a side note, I think market analyst 8 is an amazing piece of software.

Yes Sacred Cut.....we can see geometry only with scaled chart

JR, what are your thoughts about this animation?

http://www.forexfactory.com/attachme...1&d=1447309855

It's been a while! I took time off for the holidays and never got back into it. But I'm back now! Here's the current open trades. EUR/USD and SP e-mini.


Euro:

S&P: