ukfitness trades & ideas

[ukfitness]

Following on from above, Here is today’s chart for AU, EU & GU & you’ll see that the same rule applies in that trades taken if the CP signal is the direction of the trend then the probability of success is greater.

However the double & triple play signals worked best today. The first @ 5.15 (I’m not sure if the CP signalled this one) was perfect as all the pairs closed above the 21ma & between them offered a max of +140 pips up to the Triple reverse signal. The 6.45 (7.45 on my charts) signal did not meet the 21ma criteria but the Triple signal seems to give the highest probability trades & yielded a possible max +150 pips before giving out another Triple reverse signal. The 8.45 Triple long signal yielded a possible maximum +265 pips between the 3 pairs.

As you can see on the charts there are also Double play opportunities. This is where CP signals 2 of the main pairs at the same time & every Double play trade today was profitable. You’ll notice that the afternoon Double plays are all above the 21ma & the RSI & CCI parameters have also been met.

AU displays the normal chop of lunchtime (between 10.30am & 1pm on my charts) which gave out a few false signals.

[ukfitness]

I don’t use indicators in my own trading & I have included them in this blog to try to help newbie’s by having reference points.

By far the most powerful signals from the CP so far are wha I call the the Double & Triple plays.
The red arrows are short signals from the CP & the green arrows are long signals from the CP. The double signals are where 2 pairs from the main 3 (AU, EU & GU) have given the same signal at the same time in the CP & the Triple signal is where all 3 pairs have given the same signal at thesame time in the CP.

GU: The CP gave a Double play signal at point 1 that yielded a possible +29 pips. Point 2 is where the CP signalled a Double play as EU also gave a short signal in the CP. Strength was added to the trade because there were 2 successive shooting stars rejecting 700 (just below)& the trade yielded a possible +55 pips down to the Pivot. The CP gave 2 more tradable short signals on the way down at point 3 & 4. Point 5 was a signal but would have been unwise to take because the bar was 35 pips & entry was very close to the Pivot.
The CP gave a long signal at point 6 that did not meet criteria but then gave a double Play signal at point 7 which yielded a possible +33 pips back up to resistance from earlier in the day.
Point & is where the CP gave another Double play signal & then gave another short signal on the next bar that met the 21ma criteria. The Double play trade yielded a possible +58 pips down to the 61 fib level from the previous day’s high & low.
Through lunch the CP gave a couple of short signals (not wise to trade signals through lunch unless they are very strong). Point 9 is where the CP gave a Triple Play signal that also met the 21ma criteria & yielded a possible +65 pips.
I traded these signals on Cable today live in the Pro chat room.

EU: These are the signals from the CP today on EU. All but 1 signal ended in a possible profitable trade if managed correctly (all theDouble & Triple plays ended in profit).Unfortunately the CP didn’t pick up the Dragonfly Doji at the 61 fib level from the days high & low (Very strong signal in my opinion) that yielded a possible +49 pips...... but that is a small point

AU: The first long signal is a Double Play signal (strong signal because above 21ma) & that has yielded a possible +78 pips so far today. I didn’t trade AU today because it was stuck on the weekly Pivot & DR1 most of the day. If you had taken the long signals only (as they met the 21ma criteria) & tucked your sl under support @ DR1, then you could have gained some pips.
The Triple Play short signal did yield a possible +19 pips down to R1 (the trade hit the CP recommended TP @ +15) but the signal was more use for confirming the short trades on the other 2 pairs.

[ukfitness]

I didn’t trade UJ or UC today as my prefered pairs were giving good signals. As the charts show both pairs were very choppy today on the 15m tf. Here are the CP signals fo both pairs.

[ukfitness]

Hers a quick recap on yesterdays (Wednesday 18th Aug) Double & Triple plays for the record. Wednesdays have been pretty poor to trade for the last few months & I’m not sure if there were any after 4pm GMT as I had finished f the day by then.

GU: There was a Triple Play (Point 1) I missed on Tuesdays print out as it happened after I had done the charts. Point 2 Triple Play paid well down to 500 support. I listed 500 as support on the Pro chat forum so it would have been unwise to take the 2 Triple play signals at point 3. Point 4 was the first Triple Play signal after the 500 rejection & paid very well. At point 5 there were 2 Double Play signals above 21ma & both paid. The Double at point 6, I was not at my desk for but some guys in the Pro chat room took it & it paid well. The double at point 6 (doubled with AU), although under the 21ma was not a wise trade & I mentioned this in the chat room at the time when one of the members asked my advice on it. The reasons not to take the trade on GU were that it had run down a lot & was due a correction & AU had also done 100% of daily ATR.

EU the Triple at point 1 paid well & as it was at resistance 900 would have been a wise trade. The next Triple Play did pay a small amount but the next 2 did not. The long Triple & following 2 Double all paid.

AU: The Triple play at point 1 paid well as did all other Double & Triple signals for the day except the one that was when price had done over the average daily range at point 2.

[ukfitness]

Here are yesterday’s charts (Thursday 20th August) (I’m not sure if I listed all the signals as I was in & out yesterday).

[ukfitness]

Here are today’s charts (Friday 20th August).
The final Triple long play was still running up when I printed the charts....Currently around +120 pips in profit collectively..

[ukfitness]

Continued…..

The last CP Triple signal of the week was the perfect Triple Play set up, all 3 pairs not only displayed a Bullish formation but all formed the same candle….a Hammer. As mentioned before, when the 3 pairs do this, the probability of a successful trade is even higher.

As the CP strength-o-meter shows this was a pretty high probability trade on all 3 pairs... & the 10 candle profit shows how they all done.
Other factors also confirmed this long: Cable had performed a perfect 1, 2 3 reversal with the higher low rejecting the 76 fib level, AU had done the same at the 50% fib level & had also rejected S1 with the signal candle etc.

[ukfitness]

Recap on the week.

Well, what a fantastic week! The CP Triple play signals have proven to be amazing in their results followed closely by the Double play signals. The majority of the Triple & Double signals hit the CP recommended target but with a good trading strategy & money management, the signals can yield a much higher return as they usually signal the main moves of the day.

The 21ma system has also helped confirm trades as well as filtering out low probability signals that should be ignored.

I always like to stress, this is not the Holy Grail of trading (because there isn’t one) but when used with common sense & in conjunction with S&R levels, these signals can give you extremely high probability trades.

The Pro Chat Room has been great this week & some of the guys have learned a lot & have managed to use the Triple Play signals ....along with common sense...to make profits.

The CP can also be used successfully in lots of different ways & this is just one method.

I am currently working on some strategies to make the most of these signals for the guys who are not so experienced with money management etc.
They are pretty standard methods with ideas such as where to place your stop loss, where to place your targets, when to move your stop loss etc. all worked out using ATR, candle formation & S&R…….& experience.
Because the pairs have different characteristics, the targets & stop losses are also different for each, so while using a 15 pip SL on the 15m tf on a slow moving pair like AU will work most of the time, the same stop loss size will have you constantly stopped out if you try it with Cable on a 15m tf.

[ukfitness]

Here is an example on how to scalp the CP Triple & Double signals. The 3 pairs were traded on a demo account & the goal was to increase equity by 3% from the Triple signal while exposing a maximum of 1.5% of total equity.
(Some of the screenshots are a little late as I traded the signals on a live account also).

The CP gave a Triple play signal @6.45 this morning, Monday 23rd August. (Triple signal marked on the charts);

If you were going trade 1 pair only, then the highest probability pair would be EU as price is the most Bearish; under Pivot @ (Pivot1.2733 fromFridays data) & also under the 84 ma.

GU Triple signal.

EU Triple signal

AU Triple signal

[ukfitness]

Continued...

GU initially went +10 but then hit stop loss @ -20. There was an excellent opportunity to short GU later at the Shooting Star formation but the CP didn’t signal it so I did not trade it in the demo.

EU didn’t hit 20 stop loss & the CP gave 2 more double short signals where the positions were added to. Pair went +30 from Triple signal & closed around this point where price rejected DS2.

AU didn’t hit 20 stop loss & the CP gave 2 more double short signals where the positions were added to. Pair went +15 from the Triple signal & closed around this point where price rejected DR2.