XAUEURK trade ideas
Real Trend, Mitigation, and ImpulseWhat is Order Block?
Order block is considered a market behaviour that indicates the pile-up of orders from banks and institutions. Order blocks are kinds of supply and demand zones formed when there is a block order/s.
- Banks use special orders for buying, selling, taking profit, and closing the orders. When banks want to open a position with volume, they do not randomly place a position to upset the price and trigger their order at a worse price that may result in lowering their profit.
For that purpose, they split their positions into small and manageable blocks called order blocks.
Right way to use Order Blocks!
Order Block setups are consider as a high probability trades alongside with the key trading strategy. Order blocks are not usually formed; hence, they cannot be used as a single strategy. Order Block are not formed only from the 2 candles, It can be area of multiple candles that indicates the pile-up of orders from banks and institutions
Mitigations
The Market has an Impulse and Pullback: Basically return to the point of origin forming HL or HH to fill the resting BUY/SELL’s orders. In case of range the market would come back so that BFI can mitigate out of their SELL positions, as it’s known that BFI area taking BUY’s and SELL’s to be able to stack their orders and generate their own liquidity. Once the impulse begins they are up on their Buys and in drawdown on their Sells, in this way price is pushed downside to fill the resting BUY orders and mitigate out of their Sell positions, before the upside continuation. This is where we find entries. BFI footprint.
Real Trend, Mitigation, and ImpulseWhat is Order Block?
Order block is considered a market behaviour that indicates the pile-up of orders from banks and institutions. Order blocks are kinds of supply and demand zones formed when there is a block order/s.
- Banks use special orders for buying, selling, taking profit, and closing the orders. When banks want to open a position with volume, they do not randomly place a position to upset the price and trigger their order at a worse price that may result in lowering their profit.
For that purpose, they split their positions into small and manageable blocks called order blocks.
Right way to use Order Blocks!
Order Block setups are consider as a high probability trades alongside with the key trading strategy. Order blocks are not usually formed; hence, they cannot be used as a single strategy. Order Block are not formed only from the 2 candles, It can be area of multiple candles that indicates the pile-up of orders from banks and institutions
Mitigations
The Market has an Impulse and Pullback: Basically return to the point of origin forming HL or HH to fill the resting BUY/SELL’s orders. In case of range the market would come back so that BFI can mitigate out of their SELL positions, as it’s known that BFI area taking BUY’s and SELL’s to be able to stack their orders and generate their own liquidity. Once the impulse begins they are up on their Buys and in drawdown on their Sells, in this way price is pushed downside to fill the resting BUY orders and mitigate out of their Sell positions, before the upside continuation. This is where we find entries. BFI footprint.
XAUEUR Hey guys! Hope your summer was very profitable.
I have been watching gold all summer and felt this is the best time to post the next POSSIBLE move!
Personally I want to see more movement before entering or making a decision on rather to buy or sell. Just to be safer with my position holding.
If you trade in smaller time frames this chart hopefully should help you NOW make a decision and get in for some BUY profits. I personally would hold those positions but you can make profits!
Ichimoku Keltner Strategy (by Flexa)-INDICES/METALS BacktestingThe pair and the timeframe you see is the winner in the INDICES/METALS category with profit factor criteria
From 4032 results we have for this strategy :
* 1012 results with Profit Factor > 1
* 1002 results with Profit Factor>1 and Sharpe Ratio>0
* 82 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50
Using the previous data :
* Best timeframe for all categories : 1m with 46 and 10m with 42 pairs
* Best pair for all categories : BINANCE:ETHUSD with 27 timeframes
* My rating for this strategy is : 2.0337% ranked 3rd from total of 6
Check my posts for all instrument categories
1st (FOREX), 2nd(CRYPTOs) and 3rd(INDICES/METALS)
I will split each strategy backtesting in this manner
I'm talking for strategy :
Ichimoku Keltner Strategy (by Flexa) Oct 19, 2017
I test 29 Forex pairs from FXCM, 51 Crypto Pairs from Binance and 46 CFDs Indices and Metals from OANDA
In total 126 pairs using 32 !!! timeframes
1,2,3,4,5,6,7,8,10,12,15,17,20,24,25,30,45 minutes
1,1-1/2,2,3,4,5,6,7,8,10,12,16,20 hours
1 and 2 Days
In total 4032 results per strategy
I like profit factor and Sharpe ratio as my main guides but also percent profitable does matter
The results of forex were with 1000 contracts, default currency USD and 0.07 USD per order commission
At Cryptos i use 1 contract, default currency USD and no commission because most cryptos are spread based.
At Indices i use the same details as Crypto.
I didn't touch any settings at the strategy for all three ideas (only the backtesting starting day where i maxed out the available data)
I can't post direct links according to house rules, since i love TradingView and i play with their rules.
However my profile links and my signature may help for extensive information.