ukfitness trades & ideas

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Re: ukfitness trades & ideas

Postby ukfitness » Tue Nov 02, 2010 7:12 pm

Another example of set & forget trades was today after a CP Double Play on EU & GU. I did take other scalp trades while this was developing but I let it play out.

EU had bounced on rising support forming a Harami Cross (circle on chart) but I had missed that entry because it happened in the Asian session. The CP signalled a Double Play Hammer & this was the better of the 2 pairs to take a long because price was up for the day, above 20ma and above the Pivot.
Spot FX EUR_USD 30m(02-NOV-10).png
Spot FX EUR_USD 30m(02-NOV-10).png (8.63 KiB) Viewed 12745 times


I did take the GU trade also but with a tighter stop. Rather that put it under the low I used the low of the signal candle. I done this as price was weak for the day (under 20ma & under Pivot) but the signal was a Harami at a new low.....my main entry set up. :D
Spot FX GBP_USD tue(02-NOV-10).png
Spot FX GBP_USD tue(02-NOV-10).png (8.37 KiB) Viewed 12745 times

Both pairs hit targets; GU +40 & EU +50
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Re: ukfitness trades & ideas

Postby bluemosaic » Tue Nov 02, 2010 7:13 pm

ukfitness wrote:
Hi uk,

Thanks for reply. I agree - tool has great potential and I have had good results so far .

Cheers


Hi bluemosaic, I'm glad to hear that you are having success with the CP.


Your posts have been very useful too - thanks for your continued assistance
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Re: ukfitness trades & ideas

Postby ukfitness » Wed Nov 03, 2010 2:40 pm

No problem bluemosaic, I'm glad you find the posts helpful. :D
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Re: ukfitness trades & ideas

Postby ukfitness » Thu Nov 04, 2010 1:04 pm

Here are some nice CP signals I took yesterday on Cable.
I entered the Harami at 7am price 16020 (Stop below formation -20 with targets as normal +20, +40 & +60 or let 3rd lot run) & the CP gave a signal the next bar (3 inside bars) price 16023. The move yielded a possible +140 pips & the CP gave a Double short signal @16140. This dropped to he 61%fib level from the days high & low & was worth a possible +80.
Price formed a Harami at the 61% fib level but I didn't enter there as the move down was so strong. The next bar was a CP Triple play so entry there @16072 same targets. Target 1 hit for +20 but the remaining lots closed out at break even after price rejected 100 & an hour before the big news.
Spot FX GBP_USD thur 4(04-NOV-10).png
Spot FX GBP_USD thur 4(04-NOV-10).png (10.35 KiB) Viewed 12733 times
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Re: ukfitness trades & ideas

Postby ukfitness » Thu Nov 04, 2010 2:06 pm

Groundhog Day....the 61% fib pays again....

Here are the Cable trades for today so far. The CP gave a Hammer (Dragonfly Doji Harami in my view) signal with entry @118 & I called this in the chat room. Price went up to 16200 for a possible + 60 (I closed a little early on the first entry but re-entered with a 5m scalper set up). When price was at 200 I mentioned in the chat room to look out for a correction. The CP gave a Double short signal just below the 200 @194 which hit a possible +55 down to the 61% Fib level from where it signalled a Double Play long (engulfing bar at previous res level now support very strong signal) with entry @160. Price is currently +135 from that entry & around 300 so a correction is expected. Total today so far if you used single lots taking the valid CP signals is +250 but as I use multi lots the total is a higher.
Spot FX GBP_USD thur 4(04-NOV-10).png
Spot FX GBP_USD thur 4(04-NOV-10).png (8.88 KiB) Viewed 12733 times
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Re: ukfitness trades & ideas

Postby ukfitness » Sun Nov 07, 2010 9:05 am

Continued....
Price did find resistance at the 300 level as I suspected & formed a Hanging Man Harami. I had mentioned earlier in the week in the chat room that I consider the 2 strongest Harami set ups to be Hanging man/Harami for short positions & Inverted Hammer/Harami for longs. This is because the risk is very low and potential reward very high. A member in the room asked my opinion when price was at 300 & I told the room I was watching the Harami forming on the 30m chart. Once it had completed the CP gave a Hanging Man sell signal & I let the room know that I’d taken a short @296. I took first lot off at +15 & the 2nd lot off at +30 after price had hit bottom of 30m mother bar. Price formed a 4h Harami on one of the other 4h time frames (I use various MT4 H4 charts with different broker times to spot set ups) with bottom of Mother bar target @180 which I mentioned in the room on Friday morning as my trade was still open & I let the 3rd lot run down to there for +110 on the final lot.

I was looking for price to find support & bounce at one of the fib levels to take a long position & it eventually did at the 76% which was also the Target from the 4h Harami & also the Weekly resistance 1. I took a long form that Harami at that rejection & price went up to the 61fib (from previous high 300 & low 170) hitting targets 1 & 2 but 3rd lot was stopped out at break even after forming a Bearish Harami & price spiked down to hit bottom of Mother bar.
Spot FX GBP_USD sun 30m (05-NOV-10).png
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Re: ukfitness trades & ideas

Postby ukfitness » Mon Nov 22, 2010 12:44 pm

Using the CP signals along with breakouts.

This is a method using the CP to signal a high probability Double or Triple play entry after price has broken out of a pattern such as a triangle etc. Once price has broken support or resistance, you can either enter immediately or wait for a pullback. This all depends on the chart at the time. The red arrows on the chart are the CP Double Play signals.

Cable broke out to the downside this morning & the candle that broke the rising 15m support was a CP Double Play signal so entry @ 16060 stop -30. Price is currently +90 & still running.
Spot FX GBP_USD mon target (22-NOV-10).png


EU broke rising 15m support & the CP gave a Double Play signal after a pullback so entry @ 13742 stop -25. Trade is currently +80 & still running. This was a high probability trade also because price gapped up at the week open & price will normally fill the gap.
Spot FX EUR_USD mon target(22-NOV-10).png


AU broke 15m rising support & CP gave Double Play signal after a pullback so entry @9935 stop -20. Trade is currently +50
Spot FX AUD_USD mon target (22-NOV-10).png
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Re: ukfitness trades & ideas

Postby ukfitness » Thu Dec 16, 2010 3:22 pm

+200 pips from Candle Pro

Someone was asking how they could get the +200 pips on the 15th December using Candle Pro.....here's how.
The CP daily signal was very strong Bearish so looking out for a good Bear signal from the Candle Pro.
CP Daily.png
CP Daily.png (9.66 KiB) Viewed 12663 times


There was a Bear Triple play at 9.15am on the 15m time frame that Tritan called in the trading room as it completed (the 3 red arrows on the chart) & from there price fell around 220 pips. The bad news for the GBP did help this trade down but the CP had given the entry signal & there was no reason to get out of the trade until it found support at 530.

cp trip.png
cp trip.png (11.35 KiB) Viewed 12663 times
Spot FX GBP_USD cp trip 2(16-DEC-10).png

Candle Pro is a brilliant tool but you need to put the effort in & learn how to use it.
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Re: ukfitness trades & ideas

Postby goldeneyes » Sat Jan 22, 2011 10:35 am

Hi Ukfitness,

can you please advise if the support n resistance line is draw automatically or you draw manual ?

Thanks n Regards,
Monalisa
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Re: ukfitness trades & ideas

Postby ukfitness » Sat Jan 22, 2011 11:21 am

Hi monalisa, the daily Pivot, R1, R2, S1 & S2 are on the chart automatically but the rising support/resistance & patterns such as Triangles etc. are drawn manually. I hope that helps.
Kind regards
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