Hi behman8850, I am still testing this system. I think it will be profitable but I need to test it for a few weeks first. If you want to copy my trades (although I suggest you wait until I have finished testing), I would only enter at the same price ...

Currency Strength Journal

USDCAD - Sell at 1.11927 SL 34 pips TP 51 pips ATR 85 Daily Open Price 1.11842 SL 42.5 pips above Daily Open TP 42.5 pips below Daily Open Entry 8.5 pips (10% of ATR) above Daily Open Chart H1

Currency Strength Journal

Hi behman8850, the blue line on the chart is the TP (1.12200) The red line is the SL (1.11310). Today SL was hit. But that is ok, as one trade is not important to my overall system. To be making consistent money my win rate just needs to be only 60%. ...

Currency Strength Journal

AUDNZD SL hit 35.6 pips H1 chart

Currency Strength Journal

AUDNZD - Buy at 1.11666 SL 35.6 pips TP 53.4 pips ATR 89 Daily Open Price 1.11755 SL 44.5 pips above Daily Open TP 44.5 pips below Daily Open Entry 8.9 pips (10% of ATR) below Daily Open Chart H1

Currency Strength Journal

My system didn't give me a clear currency pair to trade today. So no trade today.

Currency Strength Journal

EURUSD TP hit - however price missed my entry by a couple of pips, so no trade today. Which is ok, as it shows me that my system is doing a good job of picking the right pair and direction. H1 chart

Currency Strength Journal

EURUSD -Sell at 1.26629 SL 36 pips TP 54 pips ATR 90 Daily Open Price 1.26539 SL 45 pips above Daily Open TP 45 pips below Daily Open Entry 9 pips (10% of ATR) above Daily Open Chart H1

Currency Strength Journal

Yes you are right. Daily or Weekly TF should be used for s/r levels. No I don't have a s/r indicator but it's pretty easy to spot them yourself. For s/r trading I would tend to rely more on a support or resistance level breaking and then looking to ...

Question for experienced reversal traders

GBPAUD TP hit 113.4 pips H1 chart

Currency Strength Journal

Hi Justin The 3 best reversal setups I know of are Support/Resistance, Supply/Demand and Harmonic Patterns. I find they all give pretty good reversal signals. As far as working out where to place your stop- I pick a point on my chart that makes my ...

Question for experienced reversal traders

GBPAUD -Sell at 1.84025 SL 75.6 pips TP 113.4 pips ATR 189 Daily Open Price 1.83836 SL 94.5 pips above Daily Open TP 94.5 pips below Daily Open Entry 18.9 pips (10% of ATR) above Daily Open Chart H1

Currency Strength Journal

NZDUSD TP hit 58.2 pips H1 chart

Currency Strength Journal

NZDUSD - Sell at 0.79097 SL 30.8 pips TP 58.2 pips Daily ATR 97 Daily Open price 0.79000 SL 48.5 pips below Daily Open TP 48.5 pips above Daily Open Entry 9.7 pips (10% of ATR) above Daily Open Chart H1

Currency Strength Journal

GBPCAD SL hit -52 pips Chart H1

Currency Strength Journal

GBPCAD - Buy at 1.80520 SL 52 pips TP 78 pips Daily ATR 130 Daily Open price 1.80650 SL 65 pips below Daily Open TP 65 pips above Daily Open Entry 13 pips (10% of ATR) below Daily Open Chart H1

Currency Strength Journal

NZDCAD SL hit -30.4 pips Chart below shows a winning trade but unfortunately the bid price hit my stop to the exact 10th of a pip (0.87779) before hitting target. So trade ended up as a loss. H1 chart

Currency Strength Journal

NZDCAD - Sell at 0.87475 SL 30.4 pips TP 45.6 pips Daily ATR 76 Daily open price 0.87399 SL 38 pips above Daily Open TP 38 pips below Daily Open Entry 7.6 pips (10% of ATR) above Daily Open Chart H1

Currency Strength Journal

Hi jack I'm forward testing this system at the moment. I'm not sure how consistent it is yet. I could manually backtest it, but that would take huge numbers of hours. If my forward testing is successful, the next step would be to see if someone ...

Currency Strength Journal

Hi dennis4u15. Thanks for your interest. Regarding currency strength, I use my own calculations not any currency strength meter (and no I'm not going to tell you how I calculate it- but it's nothing too complicated). As far as consistency goes- I'm ...

Currency Strength Journal