- Steven
- Mar 10
Analyzed some pairs today, found some very temporal ideas. Perhaps one of the ideas will make it all the way to a real opportunity. If I use these few ideas or find others I will post a live trading time lapsed analysis vid walking through the whole position.
I did find, on the last pair we analyzed (usdchf) some additional holes in our system where, when we apply the system to interpret price action it does not accurately reflect the truth of the situation. An old idea that I had not thought about for some time I realized explained the situation and after applying/integrating it into our system the rest of the pattern was perfectly explained and aligned. As a consequence we can see how this particular part showed the capacity for price to generate 3 degrees of rotation in a trade, a complex alignment of price action very rarely observed. This is more probably due to the difficulty in finding them not in the lack of its presence.
Edit: I meant 22% not 12% when talking about Gbpusd 78.6 fib.
Good Trading.
- Steven
- Mar 8
Moving forward we will be taking all 2degree trades on a new account. This account I will analyze and post every trade and trade/management decision for some duration. Perhaps at 100% growth we will explore other activities. All 0 and 1 degree trades will be taken on the 'risk' account which will be slightly smaller in size. Other positions that do not neatly fall into this system will be not placed on these accounts. We're starting with a 50k total kit split 60/40 into quality/risk accounts respectively.
Early Monday the Audusd might provide an opportunity and later on Monday perhaps Tuesday gold could also produce something for us.
Good Trading.
- Steven
- Mar 7
Quick update for the usdjpy and btc positions Friday.
Good Trading.