My Live Trades On The Daily Timeframe With PotenzaFX 4


Salve a tutti,

first thing first… thanks to all the people that starting from yesterday decided to start to use the PotenzaFX indicators. Thanks for the great feedbacks we are already having and I’m sure that someone has already started profiting from using it.

Don’t rush! Give you the time to learn to read it. I gave you a set of rules but try to understand them in depth before putting some serious money.

If you find new ways to use the PotenzaFX or are integrating it into your trading strategy, please let us know. We are very interested in learning new things as well.

Today I’ll show you some of the trades that I’m “babysitting” actually :)

As I told you, lately I moved to higher timeframes and those are on the daily timeframe. All I have to do is “adjust” them based on the DLS every day when the new daily bar starts. It usually takes me less than 5 minutes a day to do so.

I won’t show you any 1M trade today as it’s NFP and the market tends to be too flat until numbers are released, and too wild after. So better take one day off if you’re an intraday trader 😀

On the 1D timeframe, I’m actually trading on 9 pairs and I’ll show you one my analysis and my positions.

First thing I want to say is why those 9 pairs… the 9 pairs come from a general correlation analysis that I made in those years. You can read more about it in that post. But usually I work with the 8 pairs coming from the match of a group of pair made of AUD/EUR/GBP/NZD that is negatively correlated to another one that is made of USD/JPY. The match of those two groups form a group of 8 pairs (AUDUSD / AUDJPY / EURUSD / EURJPY / GBPUSD / GBPJPY / NZDUSD / NZDJPY). To that group I add the USDCHF pair as it is negatively correlated to EURUSD/GBPUSD.

Those 9 then are the pairs that I follow more and that proofed to be the most “reliable”.

Here are my entry levels for each of them. Remember that I use the Dynamic Lot Sizing with those trade. That means that I adjust the lot size based on the spread between the two powerlines. So I scale in and scale out based on it. Meaning that I add positions and close partially trades.

But let’s start:

AUDUSD

I went long yesterday at 1.02800 so I’m actually in a little loss (correlation is perfect -94… can’t ask for more).

AUDJPY

I went long yesterday on it as well at 79.79 (correlation is very low at -90) Almost flat on that now.

EURJPY

Started the short Nov 8th at 107,505 with a correlation slightly below 0. I partially closed already a few positions on it and the most profitable one with around 360 pips. The trade is probably about to end.

EURUSD

Almost the same applies to EURUSD. Started the first short Nov 2nd at 1.3696 and was a small loss. Then restarted shorting at Nov 8th at 1.3775 and already closed many trades in profit. The largest one of around 330 pips. If the EUR will continue to rise and the USD to fall the trade is about to end and reverse soon.

GBPJPY

Very same as EURJPY. First short Nov 15th at 122.598. Largest profitable trade closed with 250 pips gain.

GBPUSD

Same as EURUSD. Entered short Nov 15th at 1.59084. At the entry time, correlation wasn’t exactly “perfect” but it was lowering and I relied on the correlation of GBP with EUR/AUD/NZD. In this case the largest profitable trade banked 320 pips.

NZDJPY

Here we are in almost the same situation as AUDJPY. Started the long yesterday at 60.54 and I’m in some profit already.

NZDUSD

Same as AUDUSD. Entered long yesterday at 0.78013 and almost flat now.

USDCHF

Here we are in the opposite situation of EURUSD. We started the long Nov 8th at 0.90026 and the largest profitable closed trade banked 215 pips.

That’s all for today. I think that now you have an idea of how to use the PotenzaFX indicator set to trade with very large profits (hundreds if not thousands of pips per month) by trading it on large timeframes like the daily spending very very little time a day adjusting your positions.

If you like what you see, if you want to read more about it, if you want to start using it… simply click here :)


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4 thoughts on “My Live Trades On The Daily Timeframe With PotenzaFX

  • chiffon

    Hi guys. I picked up the system and got it all installed. The question I was wondering is what technique is used to filter out entry signals that occur on after another.If we get a buy signal on 1 4hr candle and correlation is inverse then immediately after we get a sell that also meets the rules followed by a buy which do we take? Also if you are in a trade and an opposing signal appears when do u decide to exit? Looking forward to putting this to work.

    • Andrea Post author

      Hi,
      sometimes it may happen that you got a long signal on a bar and then a short signal on the following one. What you should do is take the loss and reverse the trade. Look at the DLS to decide the lot size to be used. If you have an entry signal, but the DLS is at 0, wait before entering. It means that the spread coming from the cross is still too small for taking the signal.
      Taking small losses is part of the trade, but the system is made to lower the impact of them as much as possible and to have profits much larger than the losses.

  • chiffon

    So every valid signal should be taken? So the entry criteria are cross of powerlines,inverse correlation,then wait to see DLS above 0 in the direction you were looking at going? So when does one get out if trade is against you? Sorry for so many questions just want to wrap my head around this.

    • Andrea Post author

      Yes.
      If you decide to use the DLS it tells you when to close the trade, partially or totally.
      Using the DLS is not mandatory. You may also use other money management strategies and for example put a stop loss and trail your profits.
      I prefer to use the DLS as it tells me everything. The key is to use a lot size that is good for your account size and for the timeframe you use.