The chart used here is of GCI Mt4.
1. The week begins with a red bearish arrow, but our main lines Ed moving average is still bullish with yellow going above the red line.... so we wait, but we know that the red down arrow tells us that either there is a retracement or a reversal on the cards...
>>> After 3 candles, the candle with thumbs down gives us the bearish crossover clearly... as we already have the bearish red arrow, we take the call and wait for the low of the candle marked 1 which gave us the crossover, to be broken by atleast 3 pips and then we SHORT.
The low of that candle marked one is 1.2355 and the prices fall to 1.2264 almost 90 pips of 'profit potential in this trade.
Look at the first green candle after the trigger candle, it gives you the first profit booking opportunity and then again you get a new opportunity to short in the very next red arrow.
2. After subsequent red and green arrows at the end of the trend, we get a fresh bullish crossover. The candle is marked with thumbs up and No. 2, so we start looking for the high to be broken by 3 pips, but as it did not happen, we wait. As the high is not broken, it's a no call for us... we take no possition.
>>> 3. After 4 candles we get a red bearish arrow down, so we get ready to short if
a) we get a crossover and
b) a low is broken, either of the crossover candle or the subsequent candles....
We get the crossover at the candle marked 3 and the next candle also breaks the low, so we go short again below 1.2251 and the price falls through 1.2176 thats almost 75 pips...
>>> 4. We get a bullish crossover, marked with a thumbs up. We go long above the high of the candle marked 4... 1.2209 but the price reverses from there, we wait till the low of the previous candle is broken or the low of the trigger candle is broken, whichever is less (or more) here we exit when the low of the candle that we entered is breached, ie. at 1.2193 ... so might have exited the trade at 1.2190 which is a loss of 23 pips....
>>> 5. We get a bearing crossover at the next thumbs down sign, and we enter below the low of the candle marked 5, a profit potential of 12 pips
>>>> 6. Immediately we get a bullish crossover and we enter at the candle marked 6's high in the next candle... the profit potential of this trade was from 1.2216 to 1.2304 ie. almost 88 pips
>>>> Then you get two crossovers without any high or low being breached..
>>>> 7. you get a bearing arrow down and the crossover at the candle marked 7, we Short below the low of this candle and that would be 1.2233 to 1.2200 , a profit potential of 33 pips
In this chart we get a profit potential of 90 + 75 +88 + 12 + 33 pips and a minimum loss of 23 pips.
298 pips profit, 23 pips loss ( ideally )
Next in the next chart
1. The week begins with a red bearish arrow, but our main lines Ed moving average is still bullish with yellow going above the red line.... so we wait, but we know that the red down arrow tells us that either there is a retracement or a reversal on the cards...
>>> After 3 candles, the candle with thumbs down gives us the bearish crossover clearly... as we already have the bearish red arrow, we take the call and wait for the low of the candle marked 1 which gave us the crossover, to be broken by atleast 3 pips and then we SHORT.
The low of that candle marked one is 1.2355 and the prices fall to 1.2264 almost 90 pips of 'profit potential in this trade.
Look at the first green candle after the trigger candle, it gives you the first profit booking opportunity and then again you get a new opportunity to short in the very next red arrow.
2. After subsequent red and green arrows at the end of the trend, we get a fresh bullish crossover. The candle is marked with thumbs up and No. 2, so we start looking for the high to be broken by 3 pips, but as it did not happen, we wait. As the high is not broken, it's a no call for us... we take no possition.
>>> 3. After 4 candles we get a red bearish arrow down, so we get ready to short if
a) we get a crossover and
b) a low is broken, either of the crossover candle or the subsequent candles....
We get the crossover at the candle marked 3 and the next candle also breaks the low, so we go short again below 1.2251 and the price falls through 1.2176 thats almost 75 pips...
>>> 4. We get a bullish crossover, marked with a thumbs up. We go long above the high of the candle marked 4... 1.2209 but the price reverses from there, we wait till the low of the previous candle is broken or the low of the trigger candle is broken, whichever is less (or more) here we exit when the low of the candle that we entered is breached, ie. at 1.2193 ... so might have exited the trade at 1.2190 which is a loss of 23 pips....
>>> 5. We get a bearing crossover at the next thumbs down sign, and we enter below the low of the candle marked 5, a profit potential of 12 pips
>>>> 6. Immediately we get a bullish crossover and we enter at the candle marked 6's high in the next candle... the profit potential of this trade was from 1.2216 to 1.2304 ie. almost 88 pips
>>>> Then you get two crossovers without any high or low being breached..
>>>> 7. you get a bearing arrow down and the crossover at the candle marked 7, we Short below the low of this candle and that would be 1.2233 to 1.2200 , a profit potential of 33 pips
In this chart we get a profit potential of 90 + 75 +88 + 12 + 33 pips and a minimum loss of 23 pips.
298 pips profit, 23 pips loss ( ideally )
Next in the next chart