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Sifizone

SiFi4X Zone Trade SetupNot expecting much on the upside of this zone but who knows it may challenge the high if it moves up with momentum. Based on recent structure I will be setting a sell stop at the bottom of the zone (pink triangle)...heading to the next psychological level @1.1200. This Set it and Forget it setup will be managed by my EA moving stops at various increments to lock in profits. Will take another look at this next week if it gets in the lower zone surround 1.1200. Decisions will be made there too!!!
Short
by sifi4x
SiFi4X Trade Setup While I am still bearish on the USDJPY I can see a short-term scenario where this pops up to test 108.00 again. Buy stop coming out of the 107.00 SiFi4X Zone will be there just in case. Losing this 107.00 zone though is a long road down with the first stop at 106.00 (the next psychological zone). It hasn’t been there in a little over a month. This is a set it and forget it setup. Right now it is settling in the zone and will test one side or the other. Buy and Sell stops set to explode away from this level. My MT4 EA will manage the trade and move my stops to break even and lock in profits at various levels. I don’t see it staying in this box long once it begins to move.
Short
by sifi4x
SiFi Zones - Market StructureThe market structure really has been beautiful on most pairs this week. After major bullish move on most pairs (this one included) we are finally seeing some market structures to play with. So many good opportunities. The SiFi Zones as I call them or SET IT and FORGET IT are simply zones created off psychological levels. All you need to trade are some horizontal lines and solid money management. I enhance the buy/sell signals using the Daily EMA 5 and you get great entries with high RRR. Not 100% but a great edge overall in my experience. This week was a step foward in my set it and forget it strategy. Buy and Sell stops placed at the top and bottom of each zone after price dwells for a while (white bars)...and the custom EA I wrote for MT4 now manages the movement of my stops to break even and various profit locking levels. Truly Set it and Forget it now...Happy trading!!!
Short
by sifi4x