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Attachments: The Hybrid Theory - Mixed System. Target set: 1000%, now 500%+
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The Hybrid Theory - Mixed System. Target set: 1000%, now 500%+

GJ TRADES

Upload this chart which is self explanatory.

Attached Image (click to enlarge)
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A simple chart without too much noise. TDI and the rest is just for confirmation.

Candlestick itself is sufficient for good entry.


My view:
I think GJ is set to retest 193.80 before deciding whether to continue south or North.
Breaking out of 193.80 will see us landing around 192.00 which is highly unlikely.

I might go short (small lot) later on....
WEDNESDAY TRADES:

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Long trades, all in profit
GN: TP SET AT FIBO 61.8, hit way before news. Ended up missing out that 200pips up movement. Still +4%
GA: Late entry at retracement. Entered 10-15mins before news. + 150pips, +1.7%
GJ: As explained from the chart posted earlier. +10.2%
GC: PA was slow like turtle. Only fasten up when news came out. +3.2%
EJ: *Will post a chart later to explain the entry* Out early, failed to break over previous high... +2.5%

Attached Image (click to enlarge)
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Short term trades:
UC: Entered after good number of CAD news but failed to break down. Closed with -5pips.
GJ: Entered 2 entries. One after TDI about to cross(but eventually bounce), one at the top of rejection zone. Closed both for +19pips.
Total from short term trades = 14pips

SUMMARY:
Attached Image

+almost 20% today

Gonna sit out on FEDS statement
EJ TRADE CHART

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Self explanatory.

Long term, I think EJ is still heading North. Breaking through 140.xx will see us land in 142 very soon.
Quoting dimdel
i cant get you way sorry there isnt entry/sl/tp specifically is almost...... but the problem is mine my friend if work to you , go on , take all the pips
Hi mate, thanks for dropping by again.

Like I previously said, I try to keep things simple by using only candles and fibo. The other indicators are only there to confirm my entries.

I set my TP and SL differently based on the pairs I trade.

TP is set based on these considerations:
1. ATR
2. Fibo Level
3. S/R on daily/weekly

SL is set based on these factors:
1. Previous candles low
2. News (to see calendar)
3. Probability of Risk : Reward. If reward is high, I will set SL a little bit bigger.
4. Trailing stop is placed at zone I called "safe zone". I hardly put BE+1 or BE+50. I place SL at zone that is mostly wont hit. For instance, GJ trades today, TS were placed at 80 odds pips before I closed trades.
Not much trade today. Have been busy.

My only trade today -XAUUSD
Sell at Fibo 61.8. (small lot)

Waiting to TP soon. Might close earlier.
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Quoting FxLapozi
Not much trade today. Have been busy. My only trade today -XAUUSD Sell at Fibo 61.8. (small lot) Waiting to TP soon. Might close earlier. {image}
Man,

Thats daring and clearly a counter trend trade (selling on a bullish day). Amazing insight and guts.
Quoting FxLapozi
Not much trade today. Have been busy. My only trade today -XAUUSD Sell at Fibo 61.8. (small lot) Waiting to TP soon. Might close earlier. {image}
Hit trailing stop. Still positive even though just a little bit.

Surprisingly not much movement.
Quoting pannet1
{quote} Man, Thats daring and clearly a counter trend trade (selling on a bullish day). Amazing insight and guts.
Thanks! Sometimes you just need to stick to your system and trading rules.
Monday 22nd June

Not my best of day. Clearly the whole Greece drama is affecting the market but my decision making ain't that sharp as well.

Instead of closing the days with +800 odd pips, I let it run back to +200pips.

Instead of closing with 25%, I closed the day around +6-7%

Lesson learned, not to be too greedy because anything can happen in news day
On another note, potential trade ahead:

UCAD

Daily chart.
Fibo 61.8
+ broken support.
Attached Image (click to enlarge)
Click to Enlarge Name: UCADDaily.png Size: 59 KB
SCALP

Last 2 trades. EU Scalp... + 1.3%

Attached Image (click to enlarge)
Click to Enlarge Name: SCALP.png Size: 22 KB


Done for the day...
Quoting FxLapozi
SCALP Last 2 trades. EU Scalp... + 1.3% {image} Done for the day...
Hi FxLapozi,

Somehow I feel you have become defensive or rather less aggressive or may be there was no opportunity.
Quoting pannet1
{quote} Hi FxLapozi, Somehow I feel you have become defensive or rather less aggressive or may be there was no opportunity.
I actually think the opposite. I actually became quite aggressive. Although I still stick to the system but in terms of MM, i drove a little away...

I will have a review about my trading styles come weekend.
Quoting FxLapozi
{quote} I actually think the opposite. I actually became quite aggressive. Although I still stick to the system but in terms of MM, i drove a little away... I will have a review about my trading styles come weekend.
Ah, They say MM is more important than the system. Please take care. There is no rush but we need 1000%. All the best bro.
Hi FXLapozi.I am a big fan of Price action so I am really curious about your trading style. I read some pages of kambooj but I don`t see circle on your chart. I can`t wait
Closed all my EU trades. This week in loss, - 11%... Overall, monthly still up by almost 62%.

Not my best week. This whole EU drama has been dragging too long. I will not be trading EU anytime soon.
Quoting FxLapozi
On another note, potential trade ahead: UCAD Daily chart. Fibo 61.8 + broken support. {image}
This is the trade that would have bag you 80-90 pips alone with Risk:Reward ratio at 1:4.

A trade, I rate AA

So far tested the same area twice, twice, it dropped down to 20zone.

For anyone who entered this, congratulations. Too bad, I didn't because of MM issue as I was holding too much EU trades.
Quoting FxLapozi
On another note, potential trade ahead: UCAD Daily chart. Fibo 61.8 + broken support. {image}
Hi Lapozi
I have rather large Short positions on UC and may close by Weds before NFP.
Quick question
What's your trigger TF chart.Like TDI can cross at 1hr but still up on H4 and daily
Is your TDI default? meaning 13MA? Thank you regards
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
{quote} Hi Lapozi I have rather large Short positions on UC and may close by Weds before NFP. Quick question What's your trigger TF chart.Like TDI can cross at 1hr but still up on H4 and daily Is your TDI default? meaning 13MA? Thank you regards
Yes, the TDI is default. My trigger tf is daily bt I do check other TF for confirmation.

As of now, TDI in daily and 4h still crossing while 1H is heading up.

Attached Image (click to enlarge)
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Looking at weekly TF, the bar bounces off 38.2 FIBO and closes below 50.0.

As you can see, the channel heading south is long broken. I think at the moment, it favours the BULL rather than the bear. I reckon that a retest of 61.8 weekly (around 1.49-1.5 area) is bound to happen.

A closer look to the broken channel:
Attached Image (click to enlarge)
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Quoting FxLapozi
{quote} Yes, the TDI is default. My trigger tf is daily bt I do check other TF for confirmation. As of now, TDI in daily and 4h still crossing while 1H is heading up. {image} Looking at weekly TF, the bar bounces off 38.2 FIBO and closes below 50.0. As you can see, the channel heading south is long broken. I think at the moment, it favours the BULL rather than the bear. I reckon that a retest of 61.8 weekly (around 1.49-1.5 area) is bound to happen. A closer look to the broken channel: {image}
I think shorts are OK as long as daily doesn't close above "Flip Zone".
Just my opinion.
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