NZDUSD (4H) Backtest : 46% win rate across 26 trades => 10.2 RBacktest results : prnt.sc
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity (equal highs) behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to trap the traders.
Traders
NZDUSD (4H) Backtest : Break of market structureWinners = 6
Losers = 5
Breakevens = 2
Total Trades = 13
% Non Losers = 62%
% Winners = 46%
% Breakevens = 15%
% Losers = 38%
Win/Loss = 120%
Net R = 4.6
Avg R/Winner = 0.77
Avg R/trade = 0.35
Bad trades prevented due to presence of liquidity near SL= 20
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).
RTY (Russell) (4H) Backtest : Break of market structureWinners = 8
Losers = 3
Breakevens = 2
Total Trades = 13
% Non Losers = 77%
% Winners = 62%
% Breakevens = 15%
% Losers = 23%
Win/Loss = 267%
Net R = 9.8
Avg R/Winner = 1.23
Avg R/trade = 0.75
Bad trades prevented due to presence of liquidity near SL= 26
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).
ECX bullish breakout ?🧨🚨🚨EASX:ECX aka Eclipse Group has been held in the swing range from 1.2 to 1.5$. But as I prognosed last time, the structure was an ascending triangle which is inherently bullish and it has broken to the upside leading to the 1.7$ at the time of this post. My last post () had all the tech analysis about then price actions. Today I will share my observation on where this stock stands.
- This stock broke the major resistance at 1.51$ came back to retest it and immediately broke up higher to the bullish territory ripping up 1.58$ like crazy.
- Momentum is positive which is bullish
- price above LSMA and QLSMA pointing upside that is bullish
- price above 50 and 200MA
- One resistance at 1.76 has to be taken out to give confirmation of the real breakout. It has been attempted 2 times but the price was rejected.
- No clear bearish sign at the moment so i will steer clear from any short position
For the late comers, please wait for 1.76 milestone to be achieved and probably for 1 or 2 days of price closing above that level.
I will keep you updated of any change that happens,. Stay safe and have loads of profit. Dont forget to smack the likes.
XTF
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XAUUSD (GOLD) (4H) Backtest : Break of market structureWinners = 12
Losers = 2
Breakevens = 2
Total Trades = 16
% Non Losers = 88%
% Winners = 75%
% Breakevens = 13%
% Losers = 13%
Win/Loss = 600%
Net R = 17.2
Avg R/Winner = 1.43
Avg R/trade = 1.08
Bad trades prevented due to presence of liquidity near SL= 13
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).
USDCAD (4H) Backtest : Break of market structureWinners = 6
Losers = 3
Breakevens = 4
Total Trades = 13
% Non Losers = 77%
% Winners = 46%
% Breakevens = 31%
% Losers = 23%
Win/Loss = 200%
Net R = 6.6
Avg R/Winner = 1.1
Avg R/trade = 0.51
Bad trades prevented due to presence of liquidity near SL= 18
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).