After that, Cable goes back up to re-test the previous Support, right at the Breakout level and it is rejected. We are still in a short trend. This is an opportunity for another short for the more aggressive traders. And in fact it tests the support ...

The "You can't be serious" system

Hmm, OK, I will continue with my monologue. Today I do not have much time. It was choppy market day, so I will show how PA could have helped avoiding backlashes. One instrument only, though: cable. 15m chart image Frankfurt open on daily Pivot: ...

The "You can't be serious" system

No talking today, you'll be pleased to hear. Too busy. Just a few charts on a default portfolio of 3 FX GU, UC, EA, 2 indices (DAX and DOW) and 2 commodities oil and gold). 15 minutes chart. 7-16 London time. Arrows are the SMS entries. I left ...

The "You can't be serious" system

Manual + PA strategy Let’s now assume that you trade this strategy manually, adding some Price Action (PA) analysis to guide your trades and hopefully improve your probabilities. Let’s also assume that you are based in the European time zone, and ...

The "You can't be serious" system

I would like to confuse you just a bit a more, because we all need to understand that trading is not that easy thing they want you to believe. I know it is hard to accept it. No Holy Grail? Really? Well, I am not here to win a popularity ...

The "You can't be serious" system

But now let’s imagine that we are totally sold on the idea that we know nothing about where the market will go, and we laugh out loud when we mention our “superior analytical skills”. Of course the latter is just an assumption: I know I have ...

The "You can't be serious" system

Hmmm, I must be rather intimidating.... Anyway, a different kind of post today. Ah, I love this stuff! It’s a numbers game, folks! I am sorry, I am going to confuse everybody with this, but today is a great example from many points of ...

The "You can't be serious" system

Hi Setzer27 Could you please be more specific? Can “what” be explained in a simpler way? The simple mechanical strategy (I certainly can) or the Price Action (hmmm…..tough call!)? Just to recap: I have started with a very simple strategy (SMS: ...

The "You can't be serious" system

Thank you, Ex I had other plans for this warm evening, but your effort deserves a prize! And perhaps we can further confuse Setzer27 You surely pick weird stuff! I have not touched USDCHF in ages. Plus the 4H time frame has the ...

The "You can't be serious" system

Well, no prize for guessing how the Simple Mechanical Strategy (SMS) would have performed today. In any time frame! Fantastic results! Genius? Nah, come on! It is a trend day across all instruments. How would you expect a trend following ...

The "You can't be serious" system

well, scsstnt, thank you. Your post made my day! It also made me a bit jealous: coconut tree? hammock? I am in a very undisciplined island too! But no coconut trees or hammocks! As a consequence, you won't be getting any super-discount at my ...

The "You can't be serious" system

Now I propose a quiz. This instrument has not been very nice with us recently: gold, 5m I have drawn a couple of lines on the chart. You can try to find out why, look for others or draw your own. What would you have done? Ok, it's with hindsight. ...

The "You can't be serious" system

Some more fun stuff on PA. Cable 5m again. I promise I will change instrument soon. image Here I show how the first filtering of the signal by our "superior knowledge" would have been a strike of genius! Here I also show how the second ...

The "You can't be serious" system

Just scratched the surface of PA. That’s my take on having fun! This stuff, IMO, will give you the best opportunities, once you master it. But you see how much involvement and focus was needed. It is extremely costly in terms of time and ...

The "You can't be serious" system

This is the situation at the end of the day. image Briefly: 1. I would not take it, but if you are a more aggressive trader you may try it. You may get a ...

The "You can't be serious" system

Today I will do something different. I will focus only on the Price Action filtering of signals and give a more detailed explanation of how I may have read the GBPUSD 5 m chart. It is going to be long, boring and, perhaps, daunting and ...

The "You can't be serious" system

Good stuff, YCBS. Thank you for your contribution. Let me see if I understand your strategy. I guess that after you filtered the Asian time zone, you check if there is a signal on the 2 MA slopes of the Simple Mechanical Strategy (SMS) and then you ...

The "You can't be serious" system

What about the “filtered” results? They look good, don't they? I think it is because they are based on additional rules that make sense, are tested and seem to work. However, as we know, they have a price. Digging a bit in the SMS results, we can ...

The "You can't be serious" system

Week-end thoughts. I have gone through some simple stats on some instruments on some longer time frames. I will use here just the results for April and May on 1 hour charts applied on 4 instruments. Buffer is 5 points for FX, 7 for oil and 10 for ...

The "You can't be serious" system

Ha, Ex3m6! Not just in France. In fact I believe that that sentence has been my life's motto!

The "You can't be serious" system