Hey everybody. I am a Daytrader and I do effective market analysis based on price and volume. Yes, really effective and you will see that ;)
I have a complex system of analysis, unlike that primitive volume analysis, which is described everywhere on the Internet. Not to mention other garbage analysis methods, like graphic, candlestick, technical, waves analysis and other crap.
At the moment I am working with 6E (EUR/USD) and I will share with you the analysis and signals my system provides. Try the signals, enjoy the results and ask questions.
Those signals that I will give here, I will work out myself and show the results directly on the charts at the end of the day. I will also periodically post the statement from the terminal.
In fact, I'm already running my blog from the beginning of May. For starters I just wanted to try what it is like to trade publicly, publishing my analysis and all my trades every day. I started writing literally for myself and a couple of friends, and now that I'm more or less on the rails, I've decided that I'm going to start doing it for an audience.
Decided that I would do a little recap at the end of each month. I started blogging on May 5th, so today I'm going to sum up May, and in the next post, like tomorrow, I'm going to do a post about June. I started by simply writing every day scenarios for the next day and giving recommendations for trades. I didn't open a separate account to trade on these recommendations until early June, so in today's post we'll only look at specific word-of-mouth recommendations and how my scenarios came to fruition. The next post, which will sum up the results of June, will show specific trades and statement from the trading terminal.
By the way, I started with 30 euros on June 3, and so far I have 90 euros in my account. About 35 deals during this period, only 2 of which are in the small loss, almost break-even.
IMPORTANT NOTE: there are a lot of traders who show their "successful" analytics and trading on the Internet, but in 99% of cases it is just a demonstration of some profitable deals/days, which happen to everyone with different frequency. Obviously, all this is worthless, because for one successful forecast and a profitable day there may be 5 losing trades. I, in turn, demonstrate my analytics and its results, as well as my trading absolutely every day. Thus, it is possible to get an objective picture of how effective it all is. And of course I show a complete report in the form of the statement from the terminal.
For instance, I have missed only 1 day in May, I simply slept through it, but it was Friday and, as you can see from my Friday posts, I almost never trade on that day and do not give signals, so no big deal. Below I have given quotes from my posts, where I have registered my scenarios and recommendations, as well as the way they were implemented. Some days I have not given as an example, because on those days I either did not give clear recommendations (which I directly wrote about in the post for that day), or I gave some far-out levels for trading, which eventually were not achieved. You can see all the posts for each day without exception on my blog at any site you like.
May 6.
"As stated yesterday, there were rotations near the lower limit of the local balance."
***Screenshots in the reddit article by the link attached to this post***
May 10.
"But as I said on Thursday, the price is at the lower boundary of the local balance and it's not ready to move down at all. And said to pay attention to the fact that the volume of the previous day has moved down and the price is fixing above it, which tells evidently about the strength of the buyers and the intention to continue the local balance. As a result, Friday was very strong and confident and on the volume went up, implementing a passage to the upper boundary of the local balance."
***Screenshots in the reddit article by the link attached to this post***
May 11.
"Yesterday I wrote that we were at the upper boundary of the local balance (blue rectangle on the screenshot) and that the price would rotate on this boundary all day long.
That's exactly what happened, there was a rotation that formed an intraday small balance, from the lower boundary of which I suggested buying (1.2130) in yesterday's post."
***Screenshots in the reddit article by the link attached to this post***
May 12.
"I'm sure you're just as pleased as I am to see the beautifully realized scenarios we predict every day. In yesterday's post, I wrote that price would continue to rotate within the intraday balance (blue rectangle). I also wrote that the limits of the balance will widen a little bit and it makes sense to sell from 1.2193. But it was a far and safe level for the short. And the closer level, which was also marked on the chart (gray level) was realized."
***Screenshots in the reddit article by the link attached to this post***
May 13.
"Right away I will draw your attention to how once again the market has accurately implemented our scenario. As I wrote yesterday, the selling factors intensified, which indicates a soon movement within the local balance down. As usual, I gave the safest levels for deals, and the price did not reach the short-side level just 5 points, but turned down from the overnight volumes of the previous day very nicely (black level on the first screenshot).
***Screenshots in the reddit article by the link attached to this post***
May 18.
"Yesterday I wrote that the market was not ready to make an impulse yet and would trade within the boundaries of the intraday balance. I marked the balance with an orange rectangle. That's what happened."
***Screenshots in the reddit article by the link attached to this post***
May 19
"Well guys, even though I got up late yesterday and we missed the main movement with you, the recommendations for the rest of the day worked out more than accurately.
The price did turn around from the level indicated in yesterday's post, falling just a couple of pips short. Like I said, the price reached the thin support and reversed to 1.2233. I could not indicate the thin support at that time, because it was to be formed only in the future, when the price would move fully upwards. But even here, the defined gray level on the chart proved to be the thin support, from which the price reversed upward."
***Screenshots in the reddit article by the link attached to this post***
May 20
"As I wrote in a previous post "the possibility of the impulse ending or at least pausing is also there, as we are at serious resistance levels." In the end, the resistance did indeed trigger, selling activity occurred. And as I said, if the level of 1.2247 will not be passed, we will buy from 1.2200 with the target of 1.2237. Note how accurately our target (the red level) was eventually worked out."
***Screenshots in the reddit article by the link attached to this post***
May 25.
"Yesterday I wrote, "Sell from 1.2205, if the price goes there right after the market opening in the next 5-6 hours with the target 1.2173 or with the target 1.2188 if completely safe." As a result, I was able to see how beautifully and accurately these levels worked out and the targets were set. However, it happened later than I wrote in the scenario, so unfortunately the signal was not implemented.
However, the following scenario was executed, "If there is no selling volume at 1.2205 and the price will rise above 1.2188, you can buy to 1.2237". As a result, the price fixed above 1.2188 and really reached 1.2237, showing the strength of the buyers."
***Screenshots in the reddit article by the link attached to this post***
May 26.
"Of course we had considered that scenario, that's why I advised to buy from 1.2237 and from 1.2244, aiming for 1.2260. In the end both levels were bought and the price even went a little bit lower to 1.2228, which was also marked on the chart. However, the price reached the target only early this morning, so I understand you, for those, who were unsure and closed early at break-even or with small profit."
***Screenshots in the reddit article by the link attached to this post***
May 27.
"Yesterday I wrote that there would be no repositioning upwards and that the intraday balance would continue and the price would go towards its lower boundary to 1.2175 - 1.2160. As you can see on the chart, that's what happened."
***Screenshots in the reddit article by the link attached to this post***
May 28
"I want to start right off by saying how great the levels that you and I mark on the chart work. It's a pleasure to work with them and observe this beauty. Yesterday I gave only sell signals. As a result, the sales happened exactly from the level I gave and beautifully reached their target (in yesterday's post: Sell from 1.2215 with a target of 1.2187)."
***Screenshots in the reddit article by the link attached to this post***
May 31
"As you may remember, on Friday I traditionally did not give any signals for the day, but I said that the price was likely to fall further and suggested to sell from 1.22, if the selling at the level occurred. As a result we got to 1.22 and the market went down rapidly and nicely. I did not give any signals, but the scenario worked perfectly.
***Screenshots in the reddit article by the link attached to this post***
Here is my current statements from the moment I made my account and deposited 30 euros.
***Screenshots in the reddit article by the link attached to this post***
I will make a post tomorrow morning with analysis and signals for tomorrow. Do not miss ;)