firesword wrote: Tue Sep 09, 2025 10:04 pm in case it drops its pants quickly

I went to bed and forgot to put a sell stop below the H4 candle and now I'm 13 pips late .
I'll wait for Tokyo open to get in. I'm not paying swap fees and it may pull back a pip or 2 .

"Old tops become new support"

Hi @firesowrd, Thanks for simple system - I had 3 of losses using this system but maybe I am not doing this correctly - Can you pls see this pic and let me know if this entry follow your rules, thanks.

rogeryrogery wrote: Wed Sep 10, 2025 8:36 am Hi @firesowrd, Thanks for simple system - I had 3 of losses using this system but maybe I am not doing this correctly - Can you pls see this pic and let me know if this entry follow your rules, thanks.

Ok, let's see.
Your CCI/ RSI window doesn't look right, but putting that a side for now.
The setup is forming on USDCAD.
Once the price gets into the zone, wait for a reversal out of the zone.
Then look at the CCI if it has reversed an broken the trendline.
If the price breaks the zone, the setup is not valid.
The price has to make a confirmed new high, meaning it has to reverse from the new top.
You need to move the zone with the new highs.
I usually leave the pair alone if the old zone gets broken in the direction of the trend.
As you can see on MT4 USDCAD chart is not at the 95 level and its still pointing up.
I would say USDCAD is heading for that 3 week old top TBH.

Place Bollinger bands on your chart and when the price gets to the zone, wait for the price to bounce of BB
then cross the 20 EMA or mid band and close below it.
Take your entry at the open of the new candle below mid BB band.
That's more conservative approach, but either way, the price has to turn from the top or bottom
to confirm entry.
You can see on the pic with the BB how the bends are pointing up strongly.
At least for now USDCAD is not even thinking of going down.
I hope that helps.

@rogeryrogery


On the pic below you can see the difference with an entry price by CCI and an entry price by mid BB band.
Some 18 pips later. On pairs like GBPJPY or GBPAUD that is sometimes over 40 pips late.
BB is a more conservative entry so it is a safer entry .
You will encounter losses either way, there is no bullet proof strategy out there.

The beauty of this system is your R:R is 1:2 minimum, so if you win 4 out of 10 trades you're still profitable.
Always risk the same amount of money per trade, don't use a set lot per trade.
If you risk$100 per trade and your minimum win is $200, 4 wins is $800 and 6 losses is $600.
$200 in profit. If your winning rate is 50%, then you're making some good coin. 5 wins=$1000, 5 loses= -$500. $500 in the pocket.
If you doing that weekly, with $5000 account that is 10% gain per week risking 2% per trade.
Having 60% winning rate with this kind of R:R is great, so don't be scared of losses. They are just your business expense.

If you take profit at 50 or 62.5 % Gann levels, those targets are sometimes 1:4 R:R.
If you followed my posts from last Monday you've would've seen that I had 3 wins and 2 losses.
That's 60% win ratio but my profit for the day was AUD $2,872.
It would've been more had I aimed for 50% target on EURCAD( which turned into a losing trade) .

So ,since you're using TradingView as your trading platform, maybe go with BB instead of that CCI setup you have.

Thanks for response ; Pls see this EURCHF - I think it should be ok as you explained above with BB.

rogeryrogery wrote: Wed Sep 10, 2025 6:07 pm Thanks for response ; Pls see this EURCHF - I think it should be ok as you explained above with BB.

That looks OK.
EURCHF isn't my favorite pair to say the least.
Slow mover and a stop hunter.

Another thing with reversal zones :
once price reverses and breaks out, lots of times it will range for a few hours, even come back into the zone.
That's because big players are accumulating for the next move up or down.
With this kind of trading you need to be calm and collected and not jump at every price kneejerk reaction.
Most of the time those sudden moves up and down are stop hunts.
Set a SL and TP and let it unfold.

firesword wrote: Wed Sep 10, 2025 6:27 pm That looks OK.
EURCHF isn't my favorite pair to say the least.
Slow mover and a stop hunter.

I totally agree. The start of EVERY day is a spike or gap down