Analysis 20-02-9

This blog post explains V-Power entries within Golden Setups.

V-Power is a trading system with automation possibilities that gives you an edge over the market. To achieve a much higher winning percentage you can combine high probability setups with V-Power e.g. Golden Setups.

Here you can read everything about the V-Power system and download a free version: V-Power System Explanation + FREE Version

Here is a detailed explanation how you can get a huge edge over the market by using Golden Setups: Golden Setups explained

 

 Golden Setups (+T VOUNG V-Power Results) 

 

Our friend T Voung is member the very active private V-Power group and this week has shared with us trading results; all trades with the V-Power System. 8 trades profitable during two days.

 

 

 

 

 

Golden Setups occurred recently

 

SHORT GBPAUD

On Frebruary 1th was posted possible short on GBPAUD.

Several factors gave a valid entries:

  • A major support price level
  • Steep upward move trend line on H1/M30
  • Matured Upward Trend on H1/M30
  • A regular divergence on H1/M30

In the D1 time frame we could see on GBPAUD a strong bullish trend during 13 days. On January 31th a bullish price action was developing.

The Revelant Key Levels they were: Resistance at 1.9521 (black dotted line) and Support (Purple line) at 1.9156

It was announced that a short term correction lower was possible and in effect a bearish reversal occurred.

  

 

When we switch to H4 time frame there were three bullish movements that drove the highest price.

In the screen it can be see three bullish trend lines:

  1. The initial move is the first bulllish trend line with 14 degrees. Upward move.
  2. The second move is the second bullish trend line with 23 degrees. Upward move.
  3. The third move is the third bullish trend line with 42 degrees. Steep upward move.

At the same time price is too strengthen from MACD.

And if you look at the details of the upward move then you will recognize that the move had a duration of 3 days (labeled with numbers). The price action moved above resistance slightly and an downward reversal (inverted V Formation labeled with blue color) it developed in that moment.

 

 

The following chart shows the H1 time frame. We can see the red major resistance line @ 1.9521 which was penetrated by the price action that lead to the stop Hunt/final acumulation above the major resistance on W1.

Price was gradually climbing (inching higher and higher) in a period of 13 days and by means of last very steep upward move heading a new high which broken the major resistance on W1.

In the screen it can be see fourth upward moves. The last upward move (very steep upward move 68 degrees tilt) reached the resistance and broken it..

A bearish divergence (red rectangle) developed in this same time frame which already gave a signal that a reversal to the downside will most probably occur. Nested divergence (H1/M30) showed by PTS_Alerter_MACD_Divergence_Box (see chart).

 

 

When formed the V-formation the sell signal was evident because several factors were confirming the fall of the GBPAUD as divergence H1/M30, matured trend, resistance broken and inverted V-pattern.

The trade is triggered in breaking down steeper trend line (labeled with red circle). Entry @ 1.9580 and Stop Loss @ 1.9760.

Your first down profit target is hit in the third bullish trend line (1.9401) with 1R. Your second down profit target also is hit in the second bullish trend line (1.9401) with 2R (around 360 pips). See chart.

 

 

 Analysis based on steeper trend line and major support/resistance at the moment

The following analysis are based on steeper trend lines and supports/resistances that are being tested or about to be tested.

For considering, the article posted on January 7th about steeper trend line: 

  • upward move = Section 1 (>0 degrees and < 30 degrees)
  • steep upward move = Section 1 (>= 30 degrees and <=45 degrees)
  • very steep upward move = Section 2 (>45 degrees to 90 degrees)
  • downward move = Section 3 (>330 degrees and <360 degrees)
  • steep downward move = Section 3 (<= to 330 degrees and >= 315 degrees)
  • very steep downward move = Section 4 (<315 degrees to 270 degrees).

 

Possible SHORT on USDCAD

Check all rules on V_Power and Golden Setup.

 

 

Possible SHORT on US100.

Check all rules on V_Power and Golden Setup.

   

Possible LONG on EURUSD

Check all rules on V_Power and Golden Setup.

  

Possible LONG on GBPCAD

Check all rules on V_Power and Golden Setup.

  

  

Possible LONG on NZDCAD

Check all rules on V_Power and Golden Setup.

  

 

Possible SHORT on USDCHF

Check all rules on V_Power and Golden Setup.

 

Here you can read everything about the V-Power system and download a free version: V-Power System Explanation + FREE Version

By joining the V-Power community you will get access to a very active private telegram group with experienced members: Join the V-Power Community

 

 

 

 

 

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

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