USDCAD (4H) backtest : 58% Win rate (11.25 R), 92% non-losers!Detailed backtest results
prnt.sc
Win/Loss ratio : 700%
Non losers : 92%
Net R : 11.25 R across 12 trades
Avg R / winner = 1.61
Avg R / trade = 0.94
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 one or more trade qualifiers
Bug : I could not understand how to trade, do avoided trading
Trade qualifiers
$ icon : DXY was either supporting the trade direction (and we took the trade as win/loss/BE), or DXY was not supporting the trade direction (and trade was not taken)
Dollar bill icon : Liquidity was present behind the stop loss
Strategy
Wait for market structure to break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to begin trapping the traders
AND
Liquidity in form of equal highs/lows should not be present behind the stop loss
AND
Since the pair is highly correlated to DXY , the formation of HH/LL in DXY should support the trade's direction at the time of zone's formation
Risk management
Reduce 50% at 1R => Trade becomes risk free
Reduce further 25% at 2R AND move SL to break-even
Close trade at 3R
Winner = 1.75R
Variables
Avg winner = 1.75R
PS : Please excuse the busy chart!
Traders
XAUUSD (4H) : Trapping longs right now!XAUUSD trapping longs? XAUUSD is highly negatively correlated to DXY. Yet, when DXY is making new higher highs, XAUUSD is also trying to make higher highs. One of them will be proven incorrect.
My suspect is XAUUSD. Hence, its trapping in progress!
Moreover, there's a bunch of liquidity ready to be raided below monthly lows (notice two equal lows to the left) - Candy land!
EURUSD (4H) backtest : 69% Win rate (12.75 R)Detailed backtest results
prnt.sc
Win/Loss ratio : 300%
Net R : 12.75 R across 13 trades
Avg R / trade = 0.98
Avg R / winner = 1.42
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 one or more trade qualifiers
Bug : I could not understand how to trade, do avoided trading
Trade qualifiers
$ icon : DXY was either supporting the trade direction (and we took the trade as win/loss/BE), or DXY was not supporting the trade direction (and trade was not taken)
Dollar bill icon : Liquidity was present behind the stop loss
Strategy
Wait for market structure to break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to begin trapping the traders
AND
Liquidity in form of equal highs/lows should not be present behind the stop loss
AND
Since the pair is highly correlated to DXY, the formation of HH/LL in DXY should support the trade's direction at the time of zone's formation
Risk management
Reduce 50% at 1R => Trade becomes risk free
Reduce further 25% at 2R AND move SL to break-even
Close trade at 3R
Winner = 1.75R
Variables
Avg winner = 1.75R
PS : Please excuse the busy chart!
ASX:Z1P about to Plunge to the abyss🚨👿🚨The charts dont lie. ASX:Z1P is drawing one hell of chart pattern if it is confirmed, ASX:Z1P bulls may have hard time. This pattern is none other than H&S . From ZIP has been hovering above 6$ for a while but apparently things start taking another dimension. It is not only hanging on a thread but also looks like it is waving bye bye to the extension we saw above 6$ and to the bull trend if the 5.8$ barrier is broken.
The chart shows it all and the H&S neckline is broken we may see price falling to the level seen earlier in May 2020. I am not excluding seeing the 3.7$ level where we have a strong base and support for this stock to prepare for further attacks towards the 10$ range. Also, remember of the gap between 3.7$ and 4.7$, although gaps dont necessarily have to fill, they most of the time fill, maybe this stock want to fill the gap. For now I am waiting for next few days to see if 5.54$ will be reached and to see if it will hold. If it does, I may open a small position that can be scaled if 6.3$ is taken.
I will keep you posted for any small change on this stock. For now it will stay on my RADARs.
Stay safe.
GICHSGFIN (4H) Backtest : 69% win rate across 13 trades => 11.4 Detailed backtest result : prnt.sc
Non-looser = 77%
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/lows) 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 begin trapping the traders.
USDCHF (4H) Backtest : 60% win rate across 20 trades => 14.2 RDetailed backtest result : prnt.sc
Non-looser = 75%
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/lows) 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 begin trapping the traders.
RUSSEL (4H) Backtest : 68% win rate across 19 trades => 17.8 RDetailed backtest result : prnt.sc
Non-looser = 84%
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/lows) 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 begin trapping the traders.
USDCAD (4H) Backtest : 55% win rate across 22 trades => 12.2 RDetailed backtest result : prnt.sc
Non-looser = 68%
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/lows) 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 begin trapping the traders.
GOLD (4H) Backtest : 78% win rate across 18 trades => 21.4 RBacktest results : prnt.sc
Non-looser = 94%
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/lows) 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 begin trapping the traders.
EURGBP (4H) Backtest : 48% win rate across 21 trades => 10 RBacktest results : prnt.sc
Non-looser = 71%
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/lows) 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.
USDMXN (4H) Backtest : 61% win rate across 23 trades => 15.4 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/lows) 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.
USDJPY (4H) Backtest : 67% win rate across 24 trades => 19.6 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/lows) 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.
Emini / ES / SPY (4H) : Operating range for next week!Price is currently stuck in two opposing trapped traders zones on 4H chart. It'll be interesting to see how these zones play out next week.
This week, we already had a good short entry when price reached the zone where longs were trapped!ht
We might also see more fake-outs on either side which will further trap more traders!
EURUSD (4H) Backtest : 52% win rate across 25 trades => 13.8 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/lows) 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.
EURCHF (4H) Backtest : 63% win rate across 16 trades => 14 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/lows) 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.
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.