GOLD SYSTEM
Conditions for opening Trade:
For Buy
1. price above buy zone fib, blue rsi chart bar
2. William's percent range indicator gold line entering or inside blue area
above -25.00
3. RSIOMA clearly crossed up
For Sell
1. Price below sell zone fib, red rsi chart bar
2. William's Percent Range Indicator gold line entering or inside red area
below -75.00
3. RSIOMA clerly crossed down
Exceptions for opening a Trade when above conditions are met:
1. When a bar within the last 4 hours before 9am EST (1400 GMT) is extended 1000 points or more in the same direction the conditions indicate. In this case it is my experience that there is a great pobablility that even with all the trade conditions met, by 9am EST (1400 GMT) the selling or buying would have been temporarily exhuasted because of this extended candle and this trading method is dependent upon this time.
Conditions for closing Trade:
Safest
1. When price hits next pivot point line in direction of trade.
Moderately Safe
1. When the RSIOMA blue line touches the purple line again attempting to cross in the opposite direction of trade or a red or blue dot shows on the RSIOMA indicator in the opposite direction of the trade - whichever comes first.
Attached Files
SIMPLE INDI
THIS INDICATOR SIMPLE AND EASY TO USE AND ALSO PROFITABLE
It's simple
--------How do I use this system--------take a look at the TF D1; H4; H1; M30; to see the TREND,
and use 3 TF ( M1;M5;M15 ) – M5 as a main TF.
main indicator in this system is T3MA
T3MA 5; 7; 9; 11; 13 ( blue ) – confirmation area that the direction will change or not – also used as exit area.
T3MA 15; 17; 19 ( green ) – OP trade area.
T3MA 21; 23; 25; 27; 29 ( red ) – barrier area also used as a trend.
OP trade ( buy ) if clear closed candle in green area in TF M5 – also check in TF M1 that the candle ( price ) is go UP ready.
OP trade ( sell ) if clear closed candle in green area in TF M5 – also check in TF M1 that the candle ( price ) is go DOWN ready.
-----Or-----
OP trade ( buy / sell ) if T3MA 5 cross T3MA 13
SL if the clear closed candle cross back on T3MA 13
Exit if T3MA 5 cross T3MA 9
Vynner Swing Technique
This is another 4H technique i used before I’ve found my own swing technique. This technique and tlatomi trading method had gave valuable contribution to the development of my own swing technique.
I take “Vynner” from the name of the person who originally created and published this technique. Since June 2006 it gives 250 pips a month in average. Since this is a swing technique, it will only give one or two trade a month.
What interesting me at the first time i read this technique was that it use 50 pips stop. While each trade potentially gives more than 100 pips profit. What a good risk-reward ratio.
Below are Vynner Swing Technique details:
Things you need:
1) Daily Chart on GBP/USD
2) 4 hours Chart on GBP/USD
3) Slow Stochatics (13,5,5) on both charts
4) EMA 4, EMA13, EMA50 on the 4 hours chart
Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle.
For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D on the Daily Chart
Valid Short Entry:
Slow %D above Slow %K on the Daily Chart
This technique work best on GBP/USD.
Below picture showing valid Long Entry
Forex Basic
One of the most important strategies in trading with foreign currencies is to always place your Stop-Loss Order when you start trading. This type of order minimizes your risk and exposure. It is usually set at a rate a little lower than the current rate.
You should also know how to take Profit orders using the One Cancels Other Order (OCO). This is like a sidebar on your trading order wherein in case one part of your order is cancelled, the other order is implemented. It is an order that works hand in hand with the Stop-Loss Order, and is based not on a whim but on technical data analysis.
As a beginner, you should also delve into the Positive Risk/Reward Ratio. This is a figure you should establish prior to trading any currency. What it does is establish controls on what you are ready to lose against what you expect to gain.
Ultimately, any success you will have with Forex trading online will rely heavily on your patience. Although it is possible to make a quick buck with online Forex trading, you cannot rely on a hit and miss method. Learning the intricacies of the business and keeping your research updated is a better strategy than relying on hunches. Online Forex trading can only be profitable in the long term if you exercise discipline and perseverance. Learn the basics and keep studying it. The work never ends and just like any other business that endures, your knowledge will be the backbone of your business. it is a dynamic business, almost totally dependent on world trends and news.
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