WezzaUK's Journal - Daily Fruit

[wezzauk]

Dax trade stopped out.
Just going through the manual again and will look for more trades next week.

InkedDAX30SBDaily-190118_LI.jpg

[wezzauk]

GBPUSD D1 Fruit Short signal, pending order placed.

GBPUSDSBDaily-210118.png

[wezzauk]

Woke this morning and was alerted to a buy Fruit signal on USDCHF. There is also a corresponding Long Fruit signal on the Weekly timeframe, better confluence? I've set a pending order anyway.

USDCHFSBDaily-220118.png

[immy]

Dax trade stopped out.
Just going through the manual again and will look for more trades next week.


InkedDAX30SBDaily-190118_LI.jpg

Yep, its doing what we thought it would do as discussed in the post after your entry. NEXT ... Remember the success rate of Fruit itself is pretty low what makes it a very profitable strategy is the add ons. And when it catches those bigger moves where you have 3 entries and it turns around to the other side. it takes care of all the tiny little rents and plenty on top.

[wezzauk]

Just a question.

The failed Dax trade I could have switched to a Stop and Reverse Trade?
I missed it but would that be right?

DAX30SBDaily-review.png

[immy]

correctomondo ... thats it. The psyche goes like so. You speculate based on your system, your analysis is never ever going to give 100% concrete answers. There are always indications that the opposite might be true. When you see someone walking you can see which direction they are heading, where did they come from and as such you can have a fair idea which direction they might end up going depending on the "environment". You can tell where this chartr might be heading ... the signal was short, and then I came and shared my alternative analysis. and now we can see that the alternative analysis was correct to a certain degree. That does not violate or invalidate your short trade. it was correct trade but there was evidence of price going up. and so it did. And when it did, if it was part of your trading plan, then stop and reverse was on the table...

cheers

[wezzauk]

1) GBPUSD short pending order cancelled as price broke the high of the signal candle..
2) New Pending Buy Stop order placed for EURGBP D1 Long Fruit signal

230118-EURGBPSBDaily.png

[immy]

You probably missed watching my FRUIT D1 video YD... EUR/GBP seemed to be in a down trend.

[wezzauk]

EURGBP pending Buy ordered cancelled as price broke the low of the Fruit bar.

So Immy, what did you mean by " YD "? (yesterday?)

[immy]

yes yesterday. By taking the fruit long , you've only followed the Fruit BAR ... that's it... you cannot base your trading decision on a single bar... You have to look for angle... if possible apply the wave principle. But to start with, at least you need to know that AO is peaking, price has gone too far too fast away from gator and the rubber band principle applies ... in this EG example, it literally just broke out of a sleeping gator situation. 50% of your Fruit trading entries are supposed to come from the sleeping gator and breakout entries... Ideally you should have taken short on the break of the box. nevermind NEXT .... now the question , have you given your trade a DS1 or DS0?