sam_konna

Re: Price Action, Naked trading only

interesting...interesting... =D>

 

i like the way you explain too... ;)

u r welcome buddy, its my pleassure to help other people.

what i meant is the pivot system pal... what is advantages & disadvantages using this pivot system...

ADVANTAGE :

We can trade event Market is ranging or Trending.

DISADVANTAGE :

Small profit (range from Support to Pivot & Resistance to Pivot), its more to be a scalp trading. Sometimes when price break the Support/Resistance (Break Trade) EUR/USD only reach Target TP.1.

Need expirience to read the Candle Pattern Reversal & Break.

i think after study this week, i'll give it a shot next week in real trade. so can i know when do you trade so maybe you can give some assist to this new friend and trade together? ;)

For me its no problem, BUT iMho: it is not wise if you trade in a real trade, allways use DEMO Account for new trading system we discover, because for someone those trading system works, but not work for some other people (this is have a relationship with phsycology & personality every trader, as we know every trader has unique personality).

One more thing, this is my last post with this ID because i've reach my limit for posting. Please appologize me, i cannot accompannion you next week.

Here this day Trade base the Pivot = Open 1.4666, Support = 1.4617, Resistance = 1.4715 based Oanda FX=Trade Platform

http://img27.imageshack.us/img27/6360/oeu.png

Thats my Trade for this day, BUT i combine with my Cluster Trade so i enter late, but above of all, please you look the Support, when price hit those Support Line @1.4617 (Orange Line not the red ones, its my Stop Loss at [email protected]) Market goes to the North/Up very quickly (they want take hit the Opening Price the dash Line @1.4666) until now.

The Beautifull of the "cluster System is i knew exactly if Market suddenly reverse, at now if the price close bellow the pink Horizontal line, next bar i will close Immidiately. BUT Until know after i closed Half at + 20 pips know im floating PROFIT = + 44 pips.

http://img28.imageshack.us/img28/5250/profit.png

So the advantage i combine this 2 powerfull strategies is i know where the market heading & i know exactly where the exit point or market will be reversal.

At know I'm allready move Pink Line @1.4681; if they closed bellow this pink line I'll closed my position immidieatly:

http://img33.imageshack.us/img33/5250/profit.png

Now Price Closed bellow 1.4681 the new Bar open i'm allread closed & bank only + 22 pips;

http://img44.imageshack.us/img44/5086/38352420.png

20 pips (1st Contract) + 22 pips (2nd Contract) = + 42 pips not bad ... =D>

I thing its enough for example trade for this day.

This is the pictures until night :

http://img21.imageshack.us/img21/8094/80776053.png

How Strong those line act as a Support/Resistance, & the Opening Day act as a PIVOT.

With Ross Envlope : (red Circle = how strong those support & resistance, cyan = whew the Buy or Sell Trigger by 0.146)

http://img411.imageshack.us/img411/2496/eure.gif

Btw Bussway, nice to meet you Pal, happy trading & Enjoy ... :-bd (its mean MUANGTAFS BABY ... :)) ).

Bye Bye =D>

:-bd

MUANTUAPS

http://i33.tinypic.com/n65jiw.gif

DOWNLOAD :

http://www.forexsharing.com/397354

Happy Trading .

:-bd

Re: Price Action, Naked trading only

@sam_konna,

thanks for the explanation pal! well...the word "Customized Individual Naked Cluster Trading" tickled me a lil bit. makes me want to know more what is inside this customized thing? ;))

u'r welcome bud, "Cluster' is another & the new one of my Naked Trading system, for this one i cannot revealed for now.

by the way, i assume you already trade with this quite long time ago. and if i may ask you again (sorry for bombarding with questions)

Its OK No Problem :D

Your style of asking me has remind me to someone (Tokoroshini, Tifu Khan, Mentos, etc)

1. what is the advantages and disadcantages trading with this naked style?

Which one did yo mean, the Pivot system or "Customized Individual Naked Cluster Trading" ?

2. what kind of money management you applied for position sizing? how do you applied it?

Simple : just only risk 2% to 3% for both of those 2 contracts. Never Leverage more then 1:10 (Maks) Ussually i used 1:5 (each contract)

3. how did this method has impact on your psychology in general? what i meant is do you open trade like cool-blooded murderer... like "ok i see this, i also see that. ok so here's what i'm going to do. i will place stop order here, stop loss here, take profit here. and if condition 'X' appear i can re-entry here..."

Yes exactly like that, just only follow the RULES, Trade like a machine. Be a Mechanical. Do not 1 or several loss disheartened your phsycology, & don't stop trading, that is the thing has separated the Pro's & Novice.

and last thing... for that magic number '3', you do not have to apologize. i fully understand about it. ;)

:)

Re: The best Overbought/Oversold indicator

Would u say this ind is better/more reliable than the Mahmoud Amer ind that comes with the oan pack??

I don't mean like that buddy, This Bollinger Index as i know only based on Bollinger Bands. But OAN base a complex System, its diffrent like the sky & earth.

Nice! Do you have the MQ4 instead please?

Sorry i dont have Buddy.

Kind Regards;

:-bd

Re: Price Action, Naked trading only

@sam_konna,

 

thanks for reply! yes, i mean the 3 number for extracting. where did it comes from and why use '3' instead of other number?

I see, there is a million dollar question, same like Psavento gave EUR has a magic number 35; so i'm sorry i cannot revealed for this one, please i'm appologize for this one's.

for the fibo... did you draw it manually using MT4 fibo tools or using indicator? cause i saw you have label like "strong support" in your fib's line.

Yes, i draw Manually with Fibo Retrachement in Metatrader.4 & i'm allready share how we draw it by Manual from my last reply to you.

may i get explanation (with picture) on what you did for yesterday trade? you did this in real trade right? :)

A whole day Yesterday i don't place any trade; I don't want take a gambling because Yesterday Market waiting a Big Anouncement called FOMC Meeting ... ;) (Its my culture if NFP & FOMC, i don't take place any trade.)

But this day im allready open 3 trades with 2 contract each they move +20 pips i close 1/2 & the rest i move SL to Breakevent. At now on a 2nd trade im on a free trade because i've allready bank +20 pips, & the rest SL iI put at BE. When i wrote this post, Now + 24 pips. But if Price close bellow the Purple line, i will close immideately the rest of My half position.

http://img513.imageshack.us/img513/7050/49311443.png

This Day i trade with naked trading but by using "Customized Individual Naked Cluster Trading" Methode, because i late wake up after i watch Sarah Conor's chronicles lastnight, so i don't have a time to draw or count anything, just go, go, go, ... & Rock n' Roll ... =D>

Sincerly;

:-bd

Re: What's your strategy for coping with big losses?

Before you enter the trade we must know how much we want to risk our money.

Another important thing is, do not trade with your emotional, you must be mechanical (cool bloded) when you execution & stay discipline with your Trading System & Trading Plan.

One more thing Keep it Low Leverage.

Sincerly;

:-bd

Re: Price Action, Naked trading only

@sam_konna,

 

I've got several question:

 

1. what is the function of number '3'? where did it comes from?

Did you mean the 3 number for extracting or why divided by 3 ?

2. is number '3' can be used on other pair beside eurusd?

You can try with GBP/USD, But this i'm only used at EUR/USD.

3. what is the best time (range) to trade with this method?

You now my friend, generaly EUR/USD start move (High Volatility) when the European Market starts (01:00 ET) but sometimes, previous day have an important news has made strong move for this pair; so the result in Asian Market the movement has start too.

4. how to make fibo line like what you did in attachment picture?

1st Fibo made the level like this :

0 = Support

0.5 = PIVOT/TARGET

1 = Resistance

0.146 = SELL

0.854 = BUY

-0.146 = Strong RESISTANCE

-0.236 = Break This Level = BUY

2nd Fibo like this :

-0.146 = Strong SUPPORT

-0.236 = Break This Level = SELL

5. is there a special condition for exit strategy during news announcement? let's take today's case for example.

Actually small news we don't worry, but such NFP, FOMC, or somekind of important event i suggest if you allready a position, you quickly go out, but if you don't place any trade, don't place any trade 1 Hour before & after the News.

Many thanks!

You're welcome :)

Re: {REQ} are 51 forex system

This stuff little bit simmiliar lik Dean Saunders LMT (minus MACD) ... :))

Re: Price Action, Naked trading only

How we made those Ross Envlope by using Fibonachi Retrachement ?

Here's :

1st Fibonaci (Fibo Level):

(from Resistance to Support/Upper to Bellow)

 

0 = Support

0.5 = PIVOT/TARGET

1 = Resistance

0.146 = SELL

0.854 = BUY

-0.146 = Strong RESISTANCE

-0.236 = Break This Level = BUY

2nd Fibonacci (Fibo Level) =

(From Support to Resistance/ bellow to upper)

 

-0.146 = Strong SUPPORT

-0.236 = Break This Level = SELL

I hope this will be very2 usefull for us.

Sincerly;

:-bd

Re: Price Action, Naked trading only

Another Strategies Twist (Tweak) :

After we did the Step 2 & 3, we can made a Ross Envlope base those Support & Resistance; see the example :

http://img513.imageshack.us/img513/431/45407561.gif

For the refference book is TRADING BY THE BOOK by Joe Ross :

http://mihd.net/fliv1h

DJVU Reader :

http://windjview.sourceforge.net/

Regards;

:-bd

Re: Price Action, Naked trading only

Chapter. 2

ENTRY :

1. Look for price hit/touch the Support/Resistance

Watch the form of candle are they full of momentum or lack of

momentum (see the ebook Candle Stick Made Easy).

2. If They Lack Of Momentum ussually the next candle will be form as a

Bullish/Bearish Engulfing Pattern, Railroad, Dark Cloud, Piercing,

Morning/evening star, etc (Please read the ebook). so after they form wait 1 candle to be form as

a Bull (if they hit Support), a Bear ( if they hit Resistance).

So the Formula for Lack of Momentum or a Bouncing Trade is :

TOUCH (Support/Resistance) + Form Pattern + Confirmation Candle = next Candle Enter !

3. For Full Momentum situation (Break Trade), watch the Candle penetration

from the Support/Resistance, & pay attention the form of the candle

ussually the candle form is Long (Morubozu Pattern). because this trade

using m15 Timeframe i suggest we enter the Market like SRDC.1 Advance

Strategies Level.1, please read the ebook bellow :

http://www.forexsharing.com/484996

So the Formula for Break Trade :

BREAK SUPPORT/RESISTANCE (with Long Candle) + Wait the candle form @ outside Support/Resistance & confirm as a Bullish/Bearish Candle = Next Candle Open Trade.

EXIT:

StopLoss : 147/3 = 49 pips

Take Profit :

1st Target : 20 pips close partial of contrac, move the StopLoss to

Breakevent for the rest.

2nd Target : Pivot + 5 pips (for SELL); & PIVOT - 5 pips (For BUY).

3rd Target : 147 pips.

Pair to trade : EUR/USD

TimeFrame : m15

I hope my share can be helpfully for us.

Sincerly;

:-bd

Re: Price Action, Naked trading only

I want to share with you all my friend how we can trade as a naked trader. This is the 1st time i disclosse 1 of my naked trading strategies.

BUT

STEP.1

We must allready read CANDLESTICK MADE EASY .

http://img35.imageshack.us/img35/6796/clickbank06.jpg

DOWNLOAD LINK :

http://www.easy-share.com/1907874172/Candlestick Made Easy.rar

After you understand the principle of price pattern Bouncing (pages 28 to 30) & Break (pages 34 to 37) of the Candlestick, now we can go into ...

STEP. 2

Find the Opening Bar this day, you can change your charts into Daily timeframe find the "Open" example this day 1.47886 (Alpari US),

Here's the screenshoot of the Daily Charts Timeframe:

http://img43.imageshack.us/img43/2/62258124.png

after that we can back again into the charts m15.

Mark with Horizontal Trendline 1.47886

STEP. 3

Take 3 number of 1.47886 so we get 147.

Now 147/3 = 49.

Resistance: 1.47886 + 0.00490 = 1.48376.

Support : 1.47886 - 0.00490 = 1.47396.

So we get;

Resistance = 1.48376

PIVOT = 1.47886

Support = 1.47396

http://img22.imageshack.us/img22/1842/psr.gif

END Of The Chapter. 1

Chapter. 2 Entry & Exit, Incld. SL, & TP will be Continue after this.

If any question please leave the message by post in this thread.

Regards;

:-bd

Re: [REQ] Area 51 Forex EA

You are awesome RobotFX :shand:

This system own by Forex50.com, enjoy =D>

Forex50.com /// Small Draw Down System

 

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

 

There is a general pattern in the market, in all markets. Every

monthly candle, weekly, daily, 8 hour, 6 hr, 4 hr, 1 hr, or even in 15

minutes, market follows this pattern.

 

After a candle is finished (up candle is finished for example

purposes), the next candle will likely do two things:

 

1. open high ( without pull back ), then go low

2. open low ( with pull back ), then go high

 

Keep this pattern in mind, of course, safest way to trade is buy on a

pull back if next candle is also up, because without pulling back, it

is not a healthy market pattern. It can open high, there is greater

chance it will go lower, because that’s general market pattern.

 

How to trade:

 

I set up my positions at week end. I am more of a short term to long

term position traders. I only trade once or twice per week but weekend

analysis is important because my system is based on how weekly candle

looks. It’s pretty huge.

 

1. So when a week is finished, you have to look at weekly candle. If

previous weekly candle finished green (up), automatically I will

assume next week’s direction is up only. I will only trade in the

direction of the previous weekly candle color. UNLESS I ran into

major tops and bottoms, I might go against the weekly color but I have

to use half of what I normally use, which will be 2% of account value

instead of 4%.

1) Look at previous week’s candle color to determine next week’s direction

2) Look at candle strength to determine entry level or whether to enter or not.

2. Look at monthly candle to make sure you next week, you will not run

into any major resistence or support. Market is very sensitive, most

definitely it will react at major areas. So you do have to remember

major monthly resistence and supports

3. To buy, if previous weekly candle is up or green color, you will

only buy up. However you need to buy following market pattern #2

above, which is on market pull back. Usually market pull back will

occur earlier in the week Sunday or Mondays, So previous week, it was

going up strong but Sunday night or Monday, market could be falling,

this is where you find your entry, not get out or short!!

1) stop loss is 100 pips of your pull back entry, if previous weekly

candle looks strong, then you use 4% to trade. If not use 2% to trade.

YOU ONLY TRADE ON A PULL BACK FOLLOW MARKET PATTERN #2.

4. If after you get in, market started going up, you need to adjust

your stops upward. Usually keep it 100 pips or so if you want longer

term gain or less depends on your comfort level.

5. Need to find all support and resistence

1) for monthly, weekly and daily candle

2) must use 5, 15, and 30 sma for all time frames, each time market

reaches these areas, it is support or resistence especially longer

time frames.

3) Find major tops and bottoms, those are possible entries or reversals

4) Calculate range or maxim capacity of a candle. This is huge! How

to calculate – look at weekly candle, calculate previous week’s lowest

level to highest level to find out next week’s approximate capacity.

More accurate if you calculate previous 3 weeks. Also, if you want to

do short term trading or get out early, you need to be good at

calculating capacity, because when it reaches maxim capacity, you need

to get out, market will not continue go up forever, it’s about

probability and averages, about math. And also, monthly capacity need

to be watched too, if first day of into next month, market already

reached it’s average monthly capacity, what’s it going to do for next

three weeks???!! It’s going to consolidate or pull the other

direction. This is huge, you need to be good at this!!

5) Need to draw lines, detect trends as well.

 

Key!!:

 

This system is only good in trading the short term direction of

previous weekly candle. No matter what, unless you run into major

resistence or support, you do not fight the trend. You must get in on

a pull back if previous week’s candle is up or vise versa. And even

if market looks weak, you still do not trade against the weekly

candle’s color = the short term trend! ONLY ONE DIRECTION REMEMBER!!

:-bd

Re: The best Overbought/Oversold indicator

http://img11.imageshack.us/img11/5817/95549079.gif

DOWNLOAD LINK :

http://www.forexsharing.com/780081

:-bd

Re: my 2nd gift, check this FXS Timing VX Indicator

http://img242.imageshack.us/img242/2999/60728697.gif

Please the rules Buddy ... [-O<

http://img185.imageshack.us/img185/2036/53368540.jpg

http://trendlineindicator.com/index.htm

:?:

Re: batman 2 30 min eur jpy trading method

Liamsi you allways marvelous buddy;

However could you help us to make it in 1 package (Indicators & Templates) into 1 files .zip/.rar & please upload into 4share buddy ?

Thanks;

:shand:

Re: PW Trend indicator

Is there "Fisher Yu4rik" repaint ?

Re: News Trading...

Before we go more, i just want to share; ussually the Trend of Currencies especially EUR/USD change after NFP News & it will confirms with TA such EMA 10 & EMA 40 (in 60 Minutes) etc, the trend can be change to in a middle of month (in some of announcing news) but ussually its only a retrace not strong like after NFP.

But when the trend is strong, price will be follow the original trend.

Regards

Re: News Trading...

Thanks GOD; i thought News Trading is not intresting anymore ... :D

Re: req- fxultratrend indicator

I LOVE CCI modifications(like Woodies and so ;) )so I would try this indi as well.

Vlad my friend, did you mean this Indicator based on CCI ?

Re: PW Trend indicator

Seems PW Trend in the EOD give more false signals ... :-ss

Re: DC Bonta's Institutional Forex System

If DC Bonta nows this Script maybe they will Sell to the public too :D Just Joke, anyway thanks a lot Man, this is very helpfull & precious :-bd

:shand:

Re: {sharing} ARROZAG system/indicators

I just currious the 4 multi indicator at the bottom windows seems repaint (maybe not) ... :-??