Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Mysticforex

The Monday Accelerator

Recommended Posts

A few weeks ago we did a thread on trading to the weekly pivot on GBP/CHF. The trade will usually open and close on Monday, thus the new name "The Monday Accelerator"

There is one trade a week. Of the 4 weeks we had three trades open and win, and one trade that did not open.

It has been suggested that we try it with pairs other than GBP/CHF, something I have never tried. Thus the name change to the thread.

So starting tonight when the Weekly Pivot prints we are going to try it on 2 or 3 pairs.

One will always be the GBP/CHF for use as a base line. Tonight I thought we would try the AUD/JPY as well. If you have pair you would like to see let me know. Just bear in mind that pairs known for their explosive volatility work best.

 

You can refer to the original thread for some backround information.http://www.traderslaboratory.com/forums/forex-trading-laboratory/17399-gbp-chf-weekly-pivot.html

Share this post


Link to post
Share on other sites

The Weekly Pivot has just printed on GBP/CHF at 14475. Price is currently at 14434...

less than 50 pips away. There is no GAP. So far the weekly low is 14418. I would like to see price make a lower low so I can place an entry order at 14425 with a TP of 40 pips ( a 10 pip buffer before the Weekly Pivot ). I hope price does not go right to the WP ( this is what we will call the Weekly Pivot from now on ).

 

 

AUD/JPY : The WP on AUD/JPY is at 9404. Price is currently at 9347 so we have 50 pips to enter a buy toward the WP. We have a GAP which happens to be 9328, also the daily pivot. I will set the entry order AFTER price has filled the GAP and hit the daily pivot.

 

( BTW you can have MT4 send an email to your cell with price alerts ).

gbpchfh1.thumb.png.1429c3c01df16703ba338fd467dd7560.png

audjpyh1.thumb.png.007810264618926b5287951988c6a401.png

Share this post


Link to post
Share on other sites

As I feared, GBP/CHF ran away from us and went straight to the WP.

In the past there have been times when it was thought I was a bit too conservative by my peers. But I made a vow years ago never to chase a trade. There's more where that came from.

 

 

Meanwhile back at AUDJPY headquarters, It's not doing anything that makes me feel warm and cozy. It is moving toward the WP, just not as directly as the GBP/CHF. I'll have to give this one more time to get to know it. We will hold it over for next week. I would also like to add EUR/AUD and my old friend GBP/JPY for a total of 4 pairs ( we always include GBP/CHF ).

Share this post


Link to post
Share on other sites

AUD/JPY is now at 9349 . The WP ia at 9413 . We can now place an entry order at 4363 trading toward the WP. The WP is 50 pips away from our enter, but we will be using a 10 pip buffer to take in account any variations in different acct platforms.

audjpyh1.thumb.png.10c6cd041f26b8f768723bcc4c9ce6ee.png

Share this post


Link to post
Share on other sites

Weds beginning and still no entry. We will keep the entry in place thru EOB EST thur at least. For next week I think AJ will be dropped from our repertorire. For next week we will add the eur/aud and the gbp/jpy. The eur/aud is a pair I love to hate so thought I would throw that in to prevent from becoming too one sided.

 

BUT WAIT ! THERE'S MORE !!!

 

Since we are adding G/J to the mix I am going to tell about a gimmick we can do if/when G/J ever reaches R3 or S3. If I tell you now you won't have to read this thread anymore because you will have become The Master of Life, The Universe . . . Everything !

Share this post


Link to post
Share on other sites

---------------------------------------------------------------------------------------------------------------------------------------

 

 

Well our entry has finally triggered. I can't say I am completely confidant with this position opening on a Weds, it is called the MONDAY accelerator for a reason. But, a plan is a plan. We will see.

audjpyh4.thumb.png.3d7531e61f12bf328714addc24fbf36c.png

Share this post


Link to post
Share on other sites

So for this coming week we will be doing GBP/CHF, GBP/JPY, and EUR/AUD.

When I set up the trades on Sunday Evening I will explain what we can do on G/C and G/J usinf R3 and S# if a runnaway condition occurs.

Share this post


Link to post
Share on other sites

Good Day ! Everyone ready for a new work week? I hope everyone had a great weekend !

 

 

This week we are covering our baseline pair GBP/CHF, and adding GBP/JPY and EUR/AUD to the mix.

 

GBP/CHF: WP is at 14494, price is currently at 14527. I am placing an entry order at 14544 with a TP 10 pips before the WP at 14504

 

 

GBP/JPY: The WP is at 15739, price is at 15717. we are too close to the WP to place an order. I will be watching this and if we move far enough from the WP I will place an entry order.

 

 

EUR/AUD: The WP is at 14345. Price is at 14252... plenty of room her to place an order at 14295 with a TP 10 pips before the WP at 14335 for 40 pips.

To be honest I have always been a bit shy with this pair having taken a beating with it early in my trading career. Let's see what happens.

 

Keep you posted as things develop .

gbpchfwp.thumb.png.ed85c701f30466651bc40789d83866e6.png

gbpjpywp.thumb.png.ba109f8b83829a5386a7e2e820903b82.png

euraudwp.thumb.png.6bd8fc54c898cb5ff79192f2c9414b8d.png

Share this post


Link to post
Share on other sites

I had to go out for most of the day... was not able to update earlier.

 

GBP/CHF is still open and up 10 pips as I type. Since this is the "Monday" Accelerator I am inclined to close it and take the 10 pip profit.

 

EUR/AUD has not yet triggered.We are still 85+ pips away so we will keep it open and see what develops tomorrow .

 

GBP/JPY went right to the WP. Too bad we didn't have room to place a trade, but, rules are rules.

euraudwp.thumb.png.5a7c394853f0f70565a47503f5ef1505.png

gbpchfwp.thumb.png.847a547964bb6d4ca5d5affcc7fb62e6.png

gbpjpywp.thumb.png.6dce1282b8f172a074165881975d08ba.png

Share this post


Link to post
Share on other sites

Good thing we bailed when we did on GBP/CHF...Iturned around and went in the wrong direction away from the WP. I am going to set up another entry on this pair. The usual 50 pips from the WP, after all, it has still not hit the WP and we have plenty of room.

 

EUR/AUD : Almost in exactly the same place as yesterday. We will leave this open anorther day and see what happens.

gbpchfwp.thumb.png.708b05d6c9c419cead1b99d6a70476cd.png

Share this post


Link to post
Share on other sites

--------------------------------------------------------------------------------------------------------------------------------------

 

 

The rules dictate ( yes, there are rules to this gimmick ) that any unopened trades be shut down by Friday. So that's a wrap for this week people.

 

Next week we will be doing GBP/CHF, and GOLD. If anyone has a pair they would like to try let me know.

Share this post


Link to post
Share on other sites

GBP/CHF:

 

The WP is at 14699. Current price is at 14767, more than 50 pips away. So we will place an order at 14750 with a TP at 14710 ( 10 pip buffer from the WP).

 

Gold: The WP is at 1297.77 We have placed a buy entry at 1297.11 with a TP 40 cents above . I have never traded Gold before, we will see what happens.

gbpchfwp.thumb.png.7a12dccc58f20c90ed134bbc541bce00.png

xauwp.thumb.png.8ab6d19871a4dbd4fd532887fb19074a.png

Share this post


Link to post
Share on other sites

---------------------------------------------------------------------------------------------------------------------------------------

 

 

GBP/CHF: TP is hit, +40 pips.

 

GOLD: From my point of view, nothing to speak of.

gbpchfwp.thumb.png.d1d311563b9581beffe963f32441cdab.png

Share this post


Link to post
Share on other sites

Our GBP/CHF trade this week was just the way I like them, fast and sweet.

Our Gold position is going nowhere so we will close it.

 

 

Next week we will have of course the GBP/CHF. Since their have been no requests I was thing maybe EUR/USD.

Share this post


Link to post
Share on other sites

Hi everyone,

 

GBP/CHF We have placed a pending short at 14745. The WP is at 14695 so our TP will be at 14705 ... . . just got in by the skin of our teeth. :)

 

 

EUR/USD: the other pair we picked for this week. Now I remember why we havn't traded the Monday Accelerator with it in the past, not enough range or volatility . The WP is at 13449 , price is at 13482. Too close to get a trade in. Nevertheless, we will watch it and if we get enough room we will stick a toe in the water.

gbpchfwp.thumb.png.2982a89df74fc34f0c950c859ab3bd91.png

Share this post


Link to post
Share on other sites

Another good week for the Monday Accelerator.

I will continue posting it thru the month of November. So far it has proved to be a nice little trick. We have missed getting in a couple of times, but those we got in, produced.

Again, only with the GBP/CHF. It just does'nt prove fruitful with other pairs. As usual if there are any requests for other pairs let me know and we will give them a shot.

 

For December we are trying to get together a contest. I will be using the MA on the contest.

 

If anyone would like to try a hand at running the "Accelerator" thread let me know. This way you can be sure you are setting it up accurately for your own testing or live trading.

 

PS: The remainder of November will be weird with the major US holiday. I normally take this week off from trading. We will see what happens.

Share this post


Link to post
Share on other sites

--------------------------------------------------------------------------------------------------------------------------------------

 

 

Looks like we are closed out this week. Price has already been within 10 pips of the WP.

So no setup currently. Really don't see much happening as we move thru the week, with a Major holiday in the US probably extending into a long weekend for most. We will of course keep an eye open.

gbpchfwp.thumb.png.a0005d2dbe3794eb7c7c5a692a46edd5.png

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
    • The ewallets can be instant withdrawals like skrill etc or they can also pay through crypto but not tested their crypto withdrawals so far.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.