i dont know if this against the rules... - Page 2

limestreamx · #11 (**permalink**) 03-14-2008, 06:34 PM

BOGOVINO SYSTEM :

Here it goes... It's quite simple. On a 1 Hr chart, plot 5/12 EMA's. Plot RSI set at 21. When the 5/12 crosses up and the 21 RSI crosses above 50 you go long. When the 5/12 crosses down and the 21 RSI goes below 50 you short.

This method is proven to be at least 85% accurate!

EMA's on close.... Entry on the 5/12 cross with the 21 RSI above (Long) or below (Short) for entry. Exits on Fibs.... I draw the fibs on the charts, but Renasdad had a 1hr Vegas tunnel indicator which I hopes he posts for you all to use as entries and exits on trades.

I leave this thread open to any and all improvements. I thank you for your time and I hope this helps you all become more successful traders!!!

limestreamx · #12 (**permalink**) 03-14-2008, 06:37 PM

CORNFLOWER HOURLY METHOD:

Construct a template according to the following settings:
8 EMA (yellow, dotted)
12 EMA (violet)
24 EMA (cornflower blue, hence the name)
72 EMA (khaki)

Apply to H1 (conservative) or M30 (aggressive) chart only and remove the grid for clarity.

System principles
Cornflower is based on the principle that trades should be taken when the same trend presents itself on multiple timeframes. On an hourly chart, the 24 EMA obviously defines the daily trend. The 8 EMA, which is one-third the length, shows the intraday velocity of “fast” money. A 12 EMA shows the trend of the last half-day. Its value is a place at which price will typically find support when there is a dominant trend. To a lesser extent, this also applies to the 24 EMA. A long-term trend will sometimes catch a breather around this area, with big money accumulating on the opportunity to buy or sell at a substantial discount. Finally, the 72 EMA defines the dominant trend in the market. This trend will reassert itself as cumulative memory persuades traders to resume trading in its direction. If the three shorter-term averages are above the 72 EMA, we are in an uptrend and should not go short. The same applies in reverse for a downtrend.

Cornflower can be used in a number of ways by all kinds of traders. When price pulls back to the area between the 12 and 24 EMAs, the opportunity for a short- to medium-term bounce presents itself. We can enter and set a profit target based on a number of criteria, be they support and resistance areas, pivot points, or a set pip amount. Or we can enter a longer-term trade, perhaps exiting when the 12 EMA crosses down below the 24 EMA. The longer-term setups in this system are powerful and can yield hundreds of pips on a single trade that will last for up to two weeks. Cornflower will catch every major move in the market, providing multiple opportunities to take advantage of a big trend and pretend that one is a bank trader.

Basic System Rules
There are two kinds of entries using this system: pullback (conservative) and initial (aggressive). The pullback entry, which is the heart of this system, enters the market when conditions are quiet and after price has settled into the area between the 8 and 24 EMAs. The timing of this entry can either be mechanical (using either the 12 or 24 EMA) or discretionary in accordance with the trader’s judgment on whether price is moving back in the direction of the trend.

The initial entry aims to capitalize on the first movement of a new trend, defined by a thrust beyond the 72 EMA that is confirmed by a turnaround in the shorter EMAs. It is more risky because there is always the possibility of a reversal. For this reason, it is probably better to use the M30 chart for this type of entry. Moved up by 30 minutes, one has the opportunity to take a small profit or scratch a trade at or near break-even if a reversal presents itself.

Only the H1 and M30 charts should be used with the Cornflower template. Shorter time periods will lead to whipsaws, whereas longer time periods lag behind the market too much.

The following rules are valid no matter the time of day. The quiet of the Asian session actually provides some excellent opportunities for entry, which is a boon for the trader whose day job makes watching the market during London or New York an impossibility.

Pullback (conservative) entry – use hourly chart
·8, 12, and 24 EMAs are all above (long) or below (short) the 72 EMA
·Price has pulled back to the 12 or 24 EMA (the more aggressive the trend, the more shallow the pullback.
·Enter for 20 pips, or hold depending on trader’s judgment of the strength of the trend.

Initial (aggressive) entry – use M30 chart with identical indicators
·Price has moved with authority above or below the 72 EMA. By “moved with authority,” I mean a candle that has closed near the top of its range.
·8, 12, 24 EMAs are all pointed in the direction of price, and preferably already stacked in a perfect order (8 over 12 over 24 for long, 24 over 12 over 8 for short).
·Enter for 20 pips and hold if the thrust develops into a real trend.

Using hourly and half-hourly charts, 20 pips is a realistic initial profit target, especially if one is trading GBPUSD, GBPJPY, or EURJPY. Even the other major pairs should yield this much on a properly gauged signal. By “major,” I mean EURUSD, USDCHF, AUDUSD, USDJPY, NZDUSD, and USDCAD. With the possible exception of EURGBP, any pair that involves two of the seven major currencies should be tradable with this system. Cornflower is particularly well-suited for entering long positions on the yen crosses (carry trades).

Entries may be timed more precisely with a 5M timeframe. More on this later.

In addition to the two entries I descibed previously, there is another way to enter trades. Price will decline to the level of the 72 EMA, causing the shorter EMAs to turn around. It then finds support at the 72 EMA, consolidating for the better part of a day (if not more), and establishes a trading range. We can anticipate a break of that range back in the direction of the trend, placing an entry order at the top of that range, plus 1 pip, plus the spread. This was how I entered my trade on Friday.

When we are in a swing trade, and we see price starting to stall, we need to anticipate the price level that would cause the 12 EMA to cross back under or over the 24 EMA. We can either calculate this algebraically (a pain without an MT expert indicator--hint hint), or simply draw a trendline once we see the shorter EMAs begin to flatten out. I am a fan of Tom Demark's "TD" trendlines. We draw the trendline from the most recently established significant low or high back in time to the previous significant low or high, and place a stop loss order (NOT a take profit) at that price. Sometimes the EMAs will cross without breaching the trendline, and we simply exit. But violent reversals do present themselves, and we have to be ready:

limestreamx · #13 (**permalink**) 03-14-2008, 06:47 PM

Simple Method Of Scalping GJ on 5m Chart:

this is a method by imran sait... profitable. ive attached the e book and video tutorial link here...

limestreamx · #14 (**permalink**) 03-14-2008, 07:01 PM

this is the video link ;

Video 1 - Setting up of the indicators on the chart
YouTube - chart setup for Simple Method of Scalping any pair on 5 min
Video 2 - How to identify a downtrend using the indicators
YouTube - Method Video 2
Video 3 - How to identify and Profit from Moving Average crossovers
YouTube - MOVING AVERAGE CROSSOVERS
Video 4 - Use of Auto Pivots in this method
YouTube - Use of Auto Pivots

limestreamx · #15 (**permalink**) 03-14-2008, 07:19 PM

this is it for today... i will continue tommorow. juz wanna help some newbie traders like me to find the suitable trading system...

fxfariz36 · #16 (**permalink**) 03-15-2008, 04:51 AM

Quote:

Originally Posted by limestreamx

The Second System:

1-2-3-4 Forex Reversal Trading Strategy

A 1-2-3-4 reversal chart pattern is build up of 4 definable points,
known as point 1, 2 , 3 and 4.
A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up
- or downtrend and can be defined by an easy set of trading rules.
A trader can confirm the reversal trade using
a technical indicator such as DMI or MACD.

1-2-3-4 Basic Rules for Short Trades

Point (1): The high in an up trending currency market.
Point (2): A downward correction in the up trend,
the lowest bar in the correction before the price moves back up to point (3).
Point (3): The high in the move up from Point (2)
but a failure to make a new higher high(Point 1).
Point (4): Go short 1 pip below point (2)

1-2-3-4 Basic Rules for Long Trades

The reverse is true when applying these basic rules for long trades but now:

Point (1): The low in a down trending currency market.
Point (2): An upward correction in the downtrend,
the highest bar in the correction before the price falls back up point (3).
Point (3): The low in the move down from Point (2)
but a failure to make a new lower low(Point 1).
Point (4): Go long 1 pip above point (2)

1-2-3-4 Up Forex Reversal Strategy using MACD

1) Trade this reversal pattern only after a strong downtrend
2) Place points (1),(2) and (3) on your chart
3) Place a BUY order 1 pip above (2)
4) Confirm the trade using the MACD indicator (or another);
the MACD must signal a buy or in buy mode already.
5) Target level: Calculate the distance between (2) and (3);
if for example the distance between (2) and (3) is 50 pips,
than 50 pips is your target level.
6) Place your stop 1 pip below (3)

1-2-3-4 Down Forex Reversal Strategy Using DMI

1) Trade this reversal pattern only after a strong up trend
2) Place points (1),(2) and (3) on your chart
3) Place a SELL order 1 pip below (2)
4) Confirm the trade using the DMI indicator (or another);
DMI must signal a sell or in sell mode already.
5) Target level: Calculate the distance between (2) and (3);
if for example the distance between (2) and (3) is 250 pips,
than 250 pips is your target level.
6) Place your stop 1 pip above (3)

i love this method.....
but do not know how to apply it..
im suitbale with my system..
im try to learn this method..

good job bro

limestreamx · #17 (**permalink**) 03-15-2008, 05:31 AM

Quote:

Originally Posted by fxfariz36

i love this method.....
but do not know how to apply it..
im suitbale with my system..
im try to learn this method..

good job bro

ya pilih2 mana anda suka... huhuhuhu... its better to trade ur system fariz coz it suits u.. but it worth a try

limestreamx · #18 (**permalink**) 03-15-2008, 05:42 AM

Fxfariz36 trading strategy:

another method of my favourite... by Fxfariz36. simple yet powerfull method.
one of my suggestion for newcomer... the link is below:

fxfariz36's Trading Journal and Strategy

Fxfariz36 scalping system:

fxfariz36's Trading Journal and Strategy

fxfariz36 · #19 (**permalink**) 03-15-2008, 06:34 AM

Quote:

Originally Posted by limestreamx

ya pilih2 mana anda suka... huhuhuhu... its better to trade ur system fariz coz it suits u.. but it worth a try

yerp, it's worth it for me to try....
very interesting with 1-2-3-4 reversal trading signal...
im just add on my method....it's really work for it...
i need to practice 1st on 1 month b4 going to real account..

cheers,

limestreamx · #20 (**permalink**) 03-15-2008, 06:56 AM

Quote:

Originally Posted by fxfariz36

yerp, it's worth it for me to try....
very interesting with 1-2-3-4 reversal trading signal...
im just add on my method....it's really work for it...
i need to practice 1st on 1 month b4 going to real account..

cheers,

ok bro then if it succed.. share it here... we shall name the system kuasa123... how bout that? keep up ur good work fariz

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