Top-Down Analysis

yea I see it ,how long you been trading V ?

confirmation for evening star pattern
http://www.forexfactory.com/showthre...86#post8767086

bears maintain control

could be

dare I say false

Trading I started around mid 2012 I was after a strategy with no loss, indeed I found one but it was just opposite with no wins since then two account got wiped out searching for no loss strategy, almost bankrupt had to sold a plot to pay off debt and pledged to never enter again, but this is forex, came back again wiped out half of my account and then started searching for fundamentals for the price to move and how the market works, the patterns febonacci HL and the rest, since then the growth has been pretty consistent but a lot more to learn, I thought to even attach my first account but could not recover the email id it was registered to. Still and will keep learning.


V
_____________________________

Exclusively for this thread : A winning strategy ( suggest me a good name, may be forex Dynamite ) well not always but can give you great returns. I mean it. I want to share my strategy with you all,because I believe the community who gives a lot deserves a lot too . I call it Dynamite because because it works like that.

It has the potential to make 100s of pips at a go, STRESS FREEE, and I love this system because it eliminates greed, emotion and fear and it gives you the confidence to place your entry with precise SL, It can capture the major breakouts and almost 70% of its move like eating a pie, It will keep you out of ranging market and the moment it will give you the entry it will blast like a DYNAMITE and bank you pips and the best part your can enjoy your life without sitting in front of your desk 24/5, This strategy does not use any fancy indicator as I believe the simple the best.

I have attached a LIVE trades I took using this strategy this strategy, It works like a charm for me and so will for you. But Don't use this all alone do your research and plan you exit before entry. I'm posting it on the next post Its quite lengthy here.

Best, V

Forex Dynamite

TF: Works on almost every time frame but I recommend 4h as I get the best success rate from it, but entry will be made on the next lower TF, see the example
Entry : 1st, Find out the (LL,LH) for a sell entry and (HH,HL) for a buy entry
2nd, SCOTCH 10,3,3 must be above 70 for to go short and bellow 30 to go long ( This is must, I won't consider a trade without stoch going above or bellow 70/30 level)
3rd, switch to lower TF and enter when the price breaks all the Ema's
​ 4th - Make sure their is separation of 5,3,3 stock for a better confirmation and try to avoid trades if the price breaks 200 ma in 1hr chart and the other Ma's are above it as in case of sell and vise versa, Cadjpy example explains better
TP: I use Heiken and recent high's and Lows to trail
SL: the recent swing

Check out the example
1st - Usd/cad - enter 5 pips bellow the break, the trade had a potential of 60 pips
2nd - EURAUD, had a potential of 290 pips
3rd - I took this one CADJPY
4th - GBPNZD, I took this too it actually gave a 450 pips at a go but I clossed it at the weekly S as I thought it could go up and close the gap I got 100 pips Easy

Their are plenty more examples, go check out yourself fellows

Note: I got Colour Stoch from Alien's thread , Credit goes to the developer

Happy traiding
V

USDCAD H4 Daily view

Thanks V I will look weekend ,what do you think ?

Hi T,

1,3962 and blue inner trendline might be the key for a move to the upsite
1.39/1,3888 area for a break to the downsite

I'am not touching this pair for the time being but I thing we may get new lows in coming days, also still holding the G/NZD pair

V

Posted this earlier today


V

oh yes I think it could be lower

not touch eur long

I don't know why but I personally have lost my interest nowadays on eu, done for this week 826 pips up



V

could be that consolidation Zone Z ,
anyhow ,I'm trading
eur aud ,
eur cad =core position ,
aud cad
and cable now

eur cad ,important level,

1.5 hours to close bearish ?

1.45-46 looks reasonable

I hope so thanks V
good for us both