US Majors Trade Levels / Chart Set up Example

tradingteacher

Junior member
34 0
Few people have read some of my posts about my strat asked me for a example of how I set up my charts.

Here is a example for today.

I also attached the S/R levels for the US majors and a explination how we trade these levels.
 

Attachments

  • 9th Jan.xlsx
    11.6 KB · Views: 118
  • jpy.PNG
    jpy.PNG
    48.8 KB · Views: 167

tradingteacher

Junior member
34 0
Few people have read some of my posts about my strat asked me for a example of how I set up my charts.

Here is a example for today.

I also attached the S/R levels for the US majors and a explination how we trade these levels.


Current results - trading only the confirmed breaks with no runner trades.

EURJPY broke R1. Enter on retrace to R1 and TP on R2 = +30
Break R2 enter on retrace to R2 TP R3 = + 60
Break R3 enter on rtrace to R3 TP R4 - Still running at +50
Confirmed and banked 90 pips on EJ.

EURUSD - Broke all Rs on one cande, following the rules to the letter no trades on this pair.

GBPUSD - Broke over strong zone, first Tp R1 + 20 pips.
Never retrace enough to give good R/R ratio for any other trades.
Total +20

NZDUSD - broke over strong area, first TP R1 + 20
broke R1 2nd TP R2 + 10
broke R2 SL hit - 20
Total +10

USDJPY - Broke R1, trade still running at about even
Total 0

AUDUSD - broke under strong zone, SL hit -20
broke r2 tp r3 + 20
broke r3 tp r4 - close to hitting tp for +20
Total closed 0 - +20 running.

USDCHF - broke over strong zone sl hit - 10
broke under s1 - tp + 10
broke under s3 tp hit +20
total +20

USDCAD Levels was tight together and hardly worth trading.
Came out +5 pips I think, was very erratic day on CAD.

Gross total +150

If runner trades were taken most trades would still be running with a total of over +500 pips.
 

d4y

Newbie
1 0
Hi, I am new to trading and this is might sound like a stupid question but how do you decide where to place your support and resistance points and how do you determine the strong zone?
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock