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Old 06-23-2007, 03:23 PM
leveragefx leveragefx is offline
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Join Date: Feb 2007
Posts: 60
When you spot a currency that is STRONG on all time frames you can be more aggressive in trading it! The USD/CHF was strong on the 4 hour, 12 hour and 3 day trend, VERY strong so we buy the narrow range consolidation breakout at 1.2400 and it explodes up 20 pips.

The trend is super strong so we wait for a pullback to get back into the uptrend. We buy at the yelow balance point (where most traders have positions and KEY support) and the lower keltner channel. The market goes up 24 pips but we can see the CHF itself is losing strength as it continues higher. This is a key sign to look to exit Long trade with profits and consider a short. This tool is amazingly predictive and the CHF does stall and fall 30 pips in about an hour. Watching these tools will alert you to potential price changes!

Now after a big drop the market normally goes up and finds resistance, and thats where you want to short so we sell at 9:30am and the market falls about 8 pips. We knew that we weren't going to make a lot on this trade as both 60 min Multimaps were now green, the previous weakness is over so we take what we can get!

Now the trend shifts back to up so we buy twice at the lower keltner channels, the second buy is safer due to divergence in the top 60 min multimap of the CHF only!! The first trade went up 10 pips and the second 25.

We wait for another pullback and buy lower keltner channel and the market goes up 10 pips but over the next few hours, you can see the strength of the 60 min Multimaps are lessoning, still bullish but just barely so this is a sign that the market is going into a low volatility period and not worth trading.

8 Trades - 8 Winners - 100% - 127 Pips Max Profit



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Last edited by leveragefx : 06-30-2007 at 07:18 PM.
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