Next Week's Trading Plan = Last week's result: +57% R.O.I.The week that was... *** Real Time Trading ***
We (and you?) have just completed 135 consecutive hours of Live Trading, while simultaneously posting the trades in Real Time on this TradingView page.
This Live Trading Session(s) took place from September 13., 2020, 18:00 EST - September 18., 2020, 16:00 EST; I.e. five (5), consecutive and continuous trading days, from Sun.-Fri..
How did it all turn out? - Just as the title suggests: "+57% R.O.I".
This post is a summary, as well as a repository for the *** Links to all the live posts *** made during those 135 hours.
1) If one traded along then one has probably long tallied up the results (and the money :-), so obviously, very little use to read on;
2) If one is interested to review / verify / analyze the trades (as one should!), posted during this live trading period. In which case the relevant posts are LINKED BELOW, where all the trades are posted as they were placed.
** However, it will be your task to scroll through(down) to find the relevant ** Real Time entries **, as these posts also contain other, relevant but static information - such as trade setups, etc.; i.e.: just additional, regular "stuff".
The Trading System / Techniques used during these Live Trading Sessions are described in detail, in this post:
"Nasdaq 100 E-mini; +2036 pts. profit the last 14 days. TUTORIAL"
First: These are the LINKS to all the relevant posts containing the Live Sessions posts / markets:
- These are Not in chronological order! The actual clues for the Live Trades are further down,
in the dated list, *** following this First list, in Chronological Order ***.
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Nasdaq100 E-mini
THe FAANGs
EURAUD
EURUSD
AUDJPY
AUDUSD
AUDNZD
AUDCAD
GBPJPY
*** We are Not counting this one but one might want to look at it, anyways.
This has missed Live Trading Week by 24 hours. Nevertheless,... it's a fair one :-)
*****
====================== ... and finally, here we go ... =================================
September 13., 2020; Sun.
---------------------------------
Look for this Nasdaq100 chart:
+30.25 points;
Look for this EURUSD chart:
1.1834
.. and this EURUSD chart ...:
-15 pips
September 14., 2020; Mon.
---------------------------------
Look for this EURAUD chart:
... and this EURAUD chart ...:
+84.5 pips;
September 15-16., 2020; Tue.-Wed.
--------------------------------------------
Look for this EURAUD chart:
-7 pips;
Look for this EURAUD chart:
+5.5 pips
Look for this EURAUD chart:
... and this EURAUD chart ...:
+38 pips
... and this EURAUD chart ...:
+0 pips (scratch)
Look for this AUDJPY chart:
+52 pips
Look for this EURUSD chart:
-18 pips
Look for this Nasdaq100 chart:
+89 points;
... and this Nasdaq100 chart ...:
+243.50 points;
Look for this GBPJPY chart:
+28 pips
... and this GBPJPY chart ...:
-12 pips
September 17., 2020; Thur.
----------------------------------
Look for this Nasdaq100 chart:
Look for this AUDJPY chart:
... and this AUDJPY chart ...:
+32.5 pips
Look for this AUDUSD chart:
... and this AUDUSD chart ...:
+30 pips
Look for this AUDUSD chart:
0 pips (scratch)
September 18., 2020; Fri.
-------------------------------
Look for this Nasdaq100 chart:
+198.75
Look for this USDJPY chart:
+19 pips
------------------------------------------------------
Futures Totals:
------------------
Nasdaq100 E-mini Total: +561.50 points;
Forex Totals:
----------------
EURAUD: +121 pips
AUDJPY: +84 pips
EURUSD: -32 pips
USDJPY: +19 pips
GBPJPY: +16 pips
------------------
Total: +208 pips
-----------------------------------------
For the purposes of this Live Trading exercise, we have used $50,000 USD of our own funds.
All of the trades, placed above, involved:
- 2 ea. Nasda100 E-mini contracts (2x $16k margin);
- 4-6 (Full sized) Forex lots ($4k-$6k margin);
---
Basing the results on the $50,000 actual capital used, the one week (135 hours) long Live Trading session(s) resulted in:
$21630 in Net Profit, or = 56.74% Net Return on Capital. (hence, the title of this post.)
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p.s. BTW, this does not mean that we will repeat this "exercise" - as in live posting -, right away, this coming week :-)
Good luck out there!
Tradeanalysis
EURUSD Breakdown for Upcoming WeekGood Afternoon Traders,
The Euro is looking to continue its move upward on the USD, but not before pulling back to Support. Bearish Divergence has formed on the 8H and price may be pulling back to the Support around 1.10000
RSI is in over-bought territory and may form a lower-low following the anticipated pull-back. Long entry consideration would be made following rejection at the support (1.10000) and formation of Hidden Bullish Divergence on the RSI/MACD.
On the 1D, price is hitting a moderate resistance and RSI is nearing Overbought territory.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
USDWTI H1 - Long Trade SetupUSDWTI H1 - Ultimately long bias on WTI for obviously and explained reasons over the last few weeks. Pulling back to this trendline support so we could see a bounce here to break the higher timeframe resistance. More noteable support zone at 31.30, so in the case we pullback this far, it could be wise to load up on positions.
EURCAD H4 - Short SetupEURCAD H4 - Back on resistance, very similar to NZDCAD, haven't really seen much in the way of CAD strength, inflation earlier today wasn't great, but WTI prices should spark some strength. Previous selloffs from this zone as per recent posts, but no real crack downside, really want to see some bearish intervention in line with CAD strength and WTI price increases...
NAS100 - GO DOWN MY FRINEDIf you want more, please give me a like and comment.
The price after breaking the
up channel, at 9340 the price
formed a resistance, after
hitting a few times, became a
confirmation of bearish
Now the price has started to
form a down channel. (Last post)
I waited to see how the
price reacts to resistance,
it seems to be positive and
respect the down channel.
USDCAD Trade ideaDo your own analysis ...
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Are you confident ?Another Forex Trading Snack.
I posted up a earlier a trade that failed me and my original setup. Sudden volatility struck fast and hard!
Ok, I will admit it, for a moment my emotions were crushed. I went from trading my setup emotionless, to just about packing it all in for the day!
What changed?
A bit of self talk changed my fear of having just lost, to playing the statistical odds of my setup again.
The first top red arrow was my failure due to increased and sudden volatility. My second attempt was the lower second red arrow by the pink trend line. Both the first and the second order was to sell AUDUSD and both orders were almost at the same price & stop zone.
Some might say why did I try it again?
Sure volatility was still in the market, but it was my original setup along with the 21 SMA ( black line ) that gave me the confidence that after almost climbing for a week straight, this one was ready for a pullback. In addition to that increased volatility didn’t break the 21 and hold it, but price action went right back to the lower channel trend line. My thought was if it breaks lower and holds the break, the 21 would bend lower and hold the buyers at bay until even the buyers of the past week would take their profits, thus adding to the down side pressure.
In early Asian trade and as I type, my trade looks fine, stops are at break even (BE) and if I got out right here and now—what once was a 30 pip loss is now a +20 pip gain if I took it off. Because my stops are at BE should they get hit there would be zero effect to the account balance as it sits now. If that happened I’d take a 30 pip daily loss on these two trades. Not a bad loss average if that happened.
Because the odds are in my favor, I’m leaving it alone till early Europe’s market open to see if it drops farther. Because if it drops farther I could take a 20, 30, 40... you get the picture. I can finish my trades with making more then I lost to begin with. That’s adding to my confidence and positive consistency in trading.
If this happened to you earlier, would you have had the confidence and or conviction to try again after getting stoped out suddenly by volatility??
Would you, or do you keep statistics on trading setups / trade plans or strategies, in order to give you more convenience and or more consistent results?
Would you have entered the trade the second time changing entry, stops, or just did as I did , same everything?
Finally do you trade Every time you see your setup as your strategies say are the best to trade, or do you second guess the setup—only to see at times the trade leave without you?
The goal is self improvement! By me posting this it drives the point home in my mind that I need reminders too.
Hope this helps in a small way in your trading journey.
In trading you either make dust or you will eat dust!
Al the best.
This is not trading advice. It is however a real experience in my trading day. Off to the next trade!
BTC/USD ShortLooking for a short term sell on BTC. This will be if we continue to slowly correct to the upside, I will watch to see how we react to the double top before taking any trades,
Also, my position entries shown on charts aren't exactly where I enter, so don't use this as a signal to take a trade without doing your own analysis, I use these as a guideline for myself to remember the bigger picture and value areas of where I am watching.