Forex

Ancient argument: What's determines success in trading: A successful methodology  Psychology and discipline?  Answer: BOTH! But this is not a "chicken or egg" dilemma. Clearly in this case method comes before mind. I don't care how much self-discipline you have. If you don't have a viable trading methodology, then you will lose money. So method is more important. Well, maybe "more important" isn't the right phrase to use. But it definitely comes first. The reason I say it may not be more important is because there are many valid trading methodologies available. Yet ironically, traders keep jumping from one method to another ... one indicator after another  one book after another  one mentor after another  one seminar after another  This is the infamous "search for the Holy Grail." Sorry ... doesn't exist. Like most things in life, people keep looking for the answer outside of themselves, w...

Well, Bill has been trading the markets since 1974 and He has helped over 40,000 regular people from all around the world become better traders since 2001. And over the past 40 years trading the "real world" markets, He discovered 3 little "tricks", or tweaks, that almost anyone can apply to how they currently trade that can have a dramatic impact on their results. What's so powerful about these "tricks" is that they're like giant levers, or switches, that can have the biggest impact on your trading results. You're probably familiar with the "80/20 Rule", also called the "Pareto Principle", which states that 80% of your results come from 20% of your effort. This has been proven to be true for countless things, from nature to business. So while all the various details and intracacies of trading are indeed important and do have merit, there are a few things that if you do nothing else but just focus on them...

It’s no secret that absolutely any forex trader would like to know where is the bottom or top of the trend on a chart … and although sometimes it seems a solution to this problem seems simple, in fact, this is not so simply. Predict whether a sequence was completed wave pattern, or we are witnessing at the moment just roll the larger trend - it’s really nothing like an art, not science. In these situations we have to use multiple sources of information presentation, and it usually helps to avoid some false trading signals and ultimately save our funds on deposit in precisely those cases that predict us as traders horosheee ratio of risk to profit. Always remember this, I’ll tell you in this forex strategy of using 2 completely different indicators, which we shared - is Average Directional Movement Index (ADX) and the index of Parabolic Stop and Reverse (PSAR). The combination of these two indicators allowed a forex strategy that allows t...

There are 5 Simple Steps to the new “Going Home Trading Method", formerly known as the “Hedging and Correlation” Method. We are still hedging and correlating, just that the new name will help us visualize what we are wanting to accomplish in this trading system, and we have modified our entries and exits after a very long time of practicing. Most pairs that are positively correlated above 75% "live” below the 20-25% “difference” line on our one indicator that we use (see below—thanks to SMJones for developing it!). This is their home. Sometimes they will travel a little ways away from home (like up to 50%) and occasionally they will make a long trip (over 80%). But of course “there’s no place like home” so they eventually return to under 20%, where they live most of the time. We will open trades when the pairs are away on a trip, helping them to get back home, and we will profit on the way back. There are only 5 steps to trading this successfully: 1. Go to...

Hello Traders, I am posting my personal trading system here. You will need my 2 custom made indicators for Metatrader. It is trend following system you need lot of patience and some expertise in fibs,support, resistance in order to exit trade. It is still in developing state. All suggestions are welcome. Rules: IMP: USE ONLY 15 MIN TIMEFRAME 1. Buy Alert = Any of the 2 indicator goes positive and hit define level (+1500 for GJ and EJ, +15 for GU and EU). 2. Actual Buy = The second indicator goes above the define level (+1500 for GJ and EJ, +15 for GU and EU). 3. Sell Alert = Any of the 2 indicator goes negative and hit define level (-1500 for GJ and EJ, -15 for GU and EU). 4. Actual Sell = The second indicator goes below the define level (-1500 for GJ and EJ, -15 for GU and EU). 5. Stop Loss for Buy = Any of the indicator moves below -1500 (for GJ and EJ) or -15 (For GU and EU). 6. Stop Loss for Sell = Any of the indicator moves above +1500(for GJ and EJ) or +15 (For GU ...

TRADE ANY MARKET THAT MAKES SENSE FOR YOUR LIFESTYLE. DON'T WORRY ABOUT WHICH MARKET IS OPEN, WHICH IS CLOSED. 1. Chart Set Up Save as template: H4 candlestick chart with period separators. Add to this chart a standard RSI indicator set with period (3). That's it...all there is to it! As below: 2. Check Trend on Weekly, Daily, and H4 Charts This is the most important part of this method. All three (3) timeframes (TFs) must be in agreement (confirmation) on direction. Scan through any or all pairs you wish to trade and jot down only those which have confirmation of direction on all three TFs. Do this by observing the RSI. For LONG: RSI should be pointing between 12:00 and 2:00. 3:00 is neutral. For SHORT: RSI should be pointing between 4:00 and 6:00. Again, 3:00 is neutral NOTICE ON THE CHART BELOW THAT THE DIRECTION IS DOWN, OR SHORT. (RSI IS BETWEEN 4:00 AND 5:00 O'CLOCK) Now look at the most recent price action (PA).on the chart below Notice that it is also short. This wi...

by: cobraforex I found the THV setup very easy to observe and to work with and started to get everything together on the MT4 platform in october 2008. There is not too much left from the first chart of Turhovach, we added the THV Trix indicator which is the heart of the final product. The main V4 rules: Entry: Above Coral only long, below Coral only short Price crosses cloud - both Trix cross each other and have the same color. Best and most secure trend confirmation is a cross of the fast Trix on the zero level. Exit:Faster Trix changes color and/or touch of a known good resistance/support level. Other reasons to take profit can be: Touch of a trend line, resistance or support line, horizontal psych level (00 - 20 - 50 - -80) or a black cat that cross your screen Stop Loss: please set your stop loss according to your money management plan, as higher your TF that you trade as lower you set the pip value and as higher the Stop Loss, also it depends on the currency pair ...

The original idea behind this thread, a good trader said to me that the first retracement is the best trade. The first higher low/lower high. These retracements provide good opportunites to enter into a move with a relatively small stop loss. A hl/lh confirms a test and failure to follow through at a certain level. There are several trades to consider: 1)Higher lows and lower highs at extremes from 5 min (also known as 1 2 3 tops/bottoms) are great trades. I want to see some supporting information from the 15 min chart and for the turn to be at a key level ie pivot, round number etc etc. Whilst some entries will be at the point 3 we do look to enter on the X ie the break higher after the first positive close in hl move OR the break lower after the first negative close in lh. Below is the 123 reversal when the price fails to make a lower low or higher high 1. trend line broken (I don't use TL's) 2. lower high in an uptrend, or a higher low in a downtrend. 3. break below the prev...

The Core: Always Buy on Pullback. Because it entitles you a lot more chance to breakeven when price go sourly ranging. Who should be trading this strategy? You. Or your daddy. Or Grandpa Mac. What are my not-to-lose chances with this system? As high as 90%. I have done real time trading with this system for nearly half a year. In good a month I got 20+ winners, 10+ BEs and 5 losers. On a bad month I got 20+ winners 20+ BEs and about 10 losers. I have yet experienced 20+% losers. What do I need? 1. Zerolag MACD* 2. EMA 6 to close 3. EMA 8 to open *note: I didn't create this indicator and thanks to whoever shared it with us. What Timeframe to be Traded? 15M Which Pair should be Traded? EURUSD When to Trade? London Open to London Close (GMT: 0700 - 1500) I'm Interested. Tell me the Entry Rules for LONG: 1. ZL MACD diverges (not more than 4 bars since its divergence) 2. EMA 6 crosses over EMA 8 3. Wait for candle to close for confirmation 4. Wait for pullback of 1/3 of the previous...

anyone here used TD T'L's? they are over 70% (closer to 90) accurate with breakouts. using TD TL can profit on all timeframes down to 15M. scalpers and long term traders can profit from this. Also, u might not wait on a break of a TL but can trade its bounce i.e: the price is bouncing inside a triangle drawn by TD TL. here are the breakout qualifiers: Upside breakout qualifiers Qualifier 1: The price bar prior to an upside breakout must be a down close. Qualifier 2: The current price bar’s open must be greater than both the current TD Supply Line and the previous price bar’s close and must then trade at least one tick higher. Qualifier 3: The previous price bar’s close plus the previous bar’s “buying pressure” must be below the current price bar’s TD Supply Line price level. Qualifier 4: The current price bar’s open must be above both the previous two price bars’ closes, and the current price bar’s TD Supply Line must be above the previous price bar’s high. Downside breakout qu...

Three strategies that lower the risk and generating profit 1. 100% Hedge This strategy is to hold the highest interest paying currency on one account and hedge it with another account that do not charge interest on Short positions. Is it possible? Yes, I have been doing it for a long time and made many thousands already. Advantages: Very low risk, making interest every day, this strategy is simple and easy to learn. Disadvantages: Need two accounts, one paying interest and another one is interest free. Need large investment capital to make good income. Need to watch both accounts to monitor any sign of out of balance. Need to transfer money between accounts to rebalance. 2- GMT Package Hedge This strategy we don’t need two accounts, and we don’t need interest free account. In fact, we need to find a bank/broker that pays the highest interest (difference bank/broker pay difference rate). And make sure the gap between the interest we pay them and interest they pay us is as small as possi...

Why a new thread? 1. The original (over 1000 posts) is too long - discouraging for new participants. 2. The ALF method is herein improved and simplified. It will be more effective over different timeframes without the need to modify indicator settings. Currency Pair And Timeframe: Any pair, any timeframe. What is ALF? Adaptive Laguerre Filter - an indicator created by John Ehlers . It is a superior overbought/oversold tool. There is a free technical paper at Ehlers' website entitled "Time Warp Without Space Travel" which you may download if you really want to know the gory details. A few thread requests: Let us refrain from discussing repainting - nothing I post here repaints any candle other than the current one. Period. Some who followed the original thread will want to try comparing the TVI candles from that thread to the Fractal Candles introduced here. Go ahead, but please don't post screenshots of comparisons in this thread. Entries, Exits, and Stops: Entry Guid...

Trendline Scalping 4hr timeframe This methode form a friend. A method which has been very successful for him. He won 8/10 of these trades and they happen a couple of times a week. It is a trend-line trading on a 4hr time-frame. Rules: dont trade 1hour before or after heavy economic news. Trade only during Euro start to about 3 hours before New York end. Look for a bullish trendline on the 4hr timeframe. After the second leg retracement buy when the price hits the line again. tp is 50pips sl is 50pips. The screen shots attached are examples of this setup The first one is of a buy setup the second is of a sell setup. In the first pic the trend is confirmed by the first two legs. a bounce of this gradient on a third time confirms a buy.

Setting Up (on M15 Chart) : - MA Crossover Alert ( set signal when 21EMA cross 50 SMA ) - SMA 96 - SMA 200 - EMA 21 - Trix Index Entry Point rules : Sell only when : - MA cross signal pointing down - Trix Index confirming to sell - price below 96 SMA and 200 SMA. - risk at the minimum. (price closest to MA) - always Set SL : above the highest MA (dont take any order if the risk is over 50 pips) Buy only when : - MA Cross signal pointing up - Trix index confirming to buy - price Above 96 SMA and 200 SMA. - risk at the minimum. (price closest to MA) - always Set SL : below the lowest MA (dont take any order if if the risk is over 50 pips) Close order Point : - Close order point depend on individual expected profit. the higher the risk, the higher the profit this is the closing order condition from the lower risk to the riskier one 1. lowest risk : take profit @ 10-20 pips or set sl @ BE when the price already move 10pips, and close in the condition below 2. Close trade whe...