Im Back!

I'm back ! Its been a long time , I know, I'been busy qorking on some Fx projects. I wanted to sow EURUSD chart on what is left for the day (30-Dec-2010). Green line is price, red line is Neural Network output fo price pattern forcast that I coded for MT4.

Al Castillo

USD/CHF Short using Top Gun Software.

Nice example of another trade on the USD/CHF using a 35 tick chart with all my standard indicators with settings i personally tested and proven to work very well. the first hand (left) shows the entry (long) @ 1.2275, Reason: daily pivot as support, monthly 1/2 resistance as support, trend snapback system active (red triangle with the green trailing stop) , decreasing sell pressure, and the FXMM shows less weakness than the previous bottom done at 1.2270.


Exit at second hand (right) @ 1.2310. Reason: Daily resistance and previous day's high (dashed green line) + 35 pips!!!

Al Castillo

USD/CHF Short using Top Gun Software.

Another example on a nice short of the USD/CHF. The first hand (left) shows the entry, right below the moving average (rainbow) and the balance point line (white) and red trailing stop. Shorted at 1.2288 and closed at 1.2240 at a monthly resistance and provability band (used in options) +48 pips!

One the first hand you can see the sell pressure is significant and stable, on the FXMM you can see the market shows this currency is weak and likely going down. You can see on the heat map below that the weakness of the us dollar is pushing this currency down (bloody red color, lol).

Al Castillo

USD/CHF Long using Top Gun Software.

This chart shows one spectacular trade done on the USD/CHF using Top gun software and my own settings and strategy. It was bought at 1.2274, and exited at 1.2230, at at double top with less strength on the FXMM and less buying pressure on the Buy/Sell pressure, +44 pips in 3 1/2 hours! this is the power of using this software on the Forex market.

Al Castillo

BUY/SELL PRESSURE STRATEGY

Buy/Sell pressure used with the “s” mode.

The strategy is based on the fact that Squat bars, Trend Reversals and Trend Snapback have a high percentage of good trade all by themselves. Just open a 1M chart and only plot the above signals and you will see many of them will give you a +7-12 pips move. So here is the question, why are we not taking them more often? When those signals are taken in favor of the current trend, they work like wonders all the time!

So how do you ride or surf the market’s “waves”? I use buy/sell pressure with “s” mode. Watch the video 7b. at http://www.leveragefx.com/forexvideotraining/. Now, I use this tool to set myself on a “buy mode” or “sell mode” if you know what I mean; in order to surf the next Forex wave. Those waves I’m talking about are the swings high and low. On a 1M chart is very easy to get confused as to what are the swing highs and low. I personally see price noise (small swings) which should not be taken into consideration. Those who have my workspace noticed a set of new balance point lines: green 38’ (fib. Number) yellow 75’ and then the classic 180’ represented as red.

I have more uses of these bpls but there is one of them that plays a key role on this strategy; the green 38 minutes bpl. When price breaks through and below 38’ bpl you have just found a new swing high and should mark it just at the last higher high and refresh the chart. On the opposite way, when price breaks through and above the 38’ bpl, you have a new swing low and a new cycle begins, normally a “buy mode”.

Its very important you take swings highs and low as described above for much better results and a lot less confusions as to what exactly are the swings high/low I pay attention for this to work properly and give you low risks trades. Once swings highs and lows are determined and you “set yourself on one of the two modes (buy or sell)” you begin to take the signals (squat bars, trend reversals,trend snapback) in favor of that new buy/sell pressure. In theory that’s what I call surfing the Forex waves. Go WITH the wave, NOT AGAINST IT. With the wave you slide along! Against it you plunge below!

Additional signals to also take into account are: stat lows and 2^nd deviation, clusters of S&Rs, Fibs retracements and all of the mentioned BPLs. Including daily BPLs and last but not least the heat map!

Examples: You start your trading session with Buy pressure; price is making a retracement, and lands at a stat low. What do you do? BUY

You start your trading session with Buy pressure; price hits one of the fib retracement, what do you do? BUY.

You start your trading session with Buy pressure; price lowers down to a cluster of S&R, what do you do? BUY.

You start your trading session with Buy pressure; price breaks through and comes back down to one of the BPLs; what do you do? BUY

Usually from one “wave” (swing high/low) to another you will find several low risk, no-brainer trades , more than enough to make your daily target of 10 pips or $500.

Stable Data to have in mind all the time:

When you have more and more different mathematically calculated signals telling you the “same story” you have to properly acknowledge that. It means something!

My own personal rule on this strategy is, “The more signals that tells me to buy or sell; the more lots/mini-lots I will put on the table” It‘s working for me with high percentage wining trades.

The strategy is pure common sense. A child could do it and make money. So this summarize the full strategy. It would be nice to automate the buy/sell pressure “s” mode to use the 38’ bpl to plot the swing high and lows and automatically adjust every new cycle or “wave” to surf. J

Sincerely

Al Castillo

Any suggestions or comments would be appreciated.

VIDEO SECTION

I had created a few videos to show how I use this strategy and the tools and criteria in my mind. I am constantly refining this and improving it. The videos are in zip format, you can just click on it and it will download it then play it with windows media player, you can select it to play it "full screen mode" for better results. Please click anywhere around this text to access the videos.


More videos coming soon!

Investing

The cost of higher education is on the rise and it does not appear to be leveling off any time in the future. It is a good idea to start investing in your child’s post-secondary education as soon as possible. College tuition can be a nightmare for many middle income families. Middle income families often make too much money to get student loans and state grants but many of these same families cannot afford to pay for all of their child’s college tuition. Investing in your child’s education early on is a good way to insure that there will be some funds for the daunting college bills.
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I also started a savings account as a way of investing in my daughter’s college tuition. This traditional method of investing gains a small return in interest, but it is safe and steady. I also plan to use the investing strategy to encourage my daughter to develop a work ethic. She will earn money from chores and add part of the money to her savings account.
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I figure that Tide offers only one percent of the purchase to the account. If I spent twenty dollars on the product, I only am investing two cents. I can save between five and ten dollars on that same purchase by going to the discount store. I would rather put the extra funds directly into my daughter’s savings account. With a little thought and a lot of planning, I hope that my daughter has a worry-free college career.

Investing My Money Advice!

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