took a short trade on UC

Confluence Trading

what a shame , got busy doing something and missed the trade on GU .....never mind

Confluence Trading

GU chart

Confluence Trading

EJ didnt retrace to support level so no trade. Watching GU for a breakout !

Confluence Trading

..

Confluence Trading

a potential sweet trade on EJ I am watching tonight, if market retraces down to retest suoport area I will enter long (bullish ABCD pattern)

Confluence Trading

what a week , very volatile moves... after looking at my charts and considering some fundamentals I decided to take a long position on gold rather than silver. chart attached as of why from technical point of view and also to consider that gold ...

Confluence Trading

stopped out again in silver with a small loss, will look to re enter tomorrow if price action shows some consolidation

Confluence Trading

stopped out on silver with a loss. The huge surge in volume in ultra short silver ETF just a week before the big drop in silver tells the whole story but unfortunately I didnt take action. I re-entered silver long at 36 with tight SL 35.50, the big ...

Confluence Trading

well not a lot has been going until last couple of days. still holding SP500 longs with target of 1400+ if works out as planned. Inverse H&S in play with a test of the neckline today which held very well. I have also taken a long position in silver ...

Confluence Trading

Well a lot of action on the SP500 last week. Market did close below my 1310 so I closed my position only to regain it the next day. So I reopened the position at 1311. now locked some profit to compensate for the previous loss and waiting for more ...

Confluence Trading

Mrezoots I have to say you got me excited when I saw those photos as I play keyboard but only a hobby though... with regards to backtesting I would be interested to see your results, obviously there is no right or wrong way of doing it , we will all ...

Mrezoots' Bottom-Less Pipshake.

I appreciate what you saying however when I was backtesting I noticed that the trade either go your way and do hit the TP or go against you. If I remember well there was only one or two trades that reached half the distance and reversed. Moving SL ...

Mrezoots' Bottom-Less Pipshake.

now some might say 25% over 9 years is not impressive but this was only on one pair . I will do more backtesting on other pairs and post the results, But before I proceed I wanted to make sure the indicators are not playing up as there was some ...

Mrezoots' Bottom-Less Pipshake.

here is the trades taken on my backtesting

Mrezoots' Bottom-Less Pipshake.

Market has been challenging support last week on sp500 but didnt close below 1310 therefore my position still running. Patience is a key to medium term positions, lets hope I dont run out

Confluence Trading

Backtesting GU 2001-2010 risking 2% ,starting balance 100,000, Profit 25% over the whole period SL 250 TP 750

Mrezoots' Bottom-Less Pipshake.

you are spot on, it is the sunday candles. that chart was on ODL platform but when I used alpari uk as you suggested I got the result attached Thanks for you advice

Mrezoots' Bottom-Less Pipshake.

Thanks Mrezoot for your advice. on a different note I seem to have a different view on my GU chart ! any comments

Mrezoots' Bottom-Less Pipshake.

I had the same problem but now I got the answer thanks guys. I will be doing some backtesting over the weekend, the main thing that I need to figure out is when to exit. ? fixed target or trailing not sure.

Mrezoots' Bottom-Less Pipshake.