forexintel

Order no.3 opening price and time shown in white line cross and closing price and time shown in red line cross (FIG1). When it crossed the high of 24th, was worried that it might go to the top fibo level of 1613 in H4, so took a loss of $36.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold28512.gif

FIG 1

Order no.4 opening price and time shown in white line cross in FIG 2. Bit volatile, but ranging at fibo level confirmed potential sell and the prices were near a HIGH ZZ, as shown in H4. Believe that the prices will range at this level, rather than retrace up to meet the moving averages. Journey towards $1100!

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold29512.gif

FIG 2

I am posting trades from my demo account of $500 with the disclaimer that there is no guarantee that others will also get similar profit and loss levels. They can do worse than my P/L or even better than my P/L. Any one who practices with discipline, honesty and loyalty consistently, will surely learn the profitable ways. There are no shortcuts.

Fig 1 shows the SELL order entry price of 1571.61 at 15:15 on 24th May, marked by the white lines. The high ZZ started reversing after touching a fibo level. Used M15 instead of H1 for early entry.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold24512.gif

Fig 2 shows order entry no.2 for SELL at 20:07 after a retracement. Neither M15 nor M5 had a SELL confirmation with yellow line below black line, but there was a reversal from the fibo level near a high ZZ.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold245123.gif

Retracements are normal, especially when MAs cross over. The thick white MA in H4 crossed below the black MA and the prices retraced. Since the prices are below the black and white MAs, i am looking for high ZZ for entering SELL. I'll enter BUY once the prices move above the black and white moving averages and if there is a low ZZ bouncing off a fibo level.

Remember, BUY LOW|SELL HIGH.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold25512.gif

Leverage, lot size and timely entry and exit are essential for maximizing profits. You can see from fig 3 that if the exit was not made at the right time, profits would have been seriously eroded.

=D>Wow! Kelvin. That was nice of you to say these things in this tone. I love this tone you are talking now. Let us maintain this tone without any asterisks in the thread!.

I'll also take your suggestions about posting my trades here. I'll post demo account trades starting with $500. I am a part time trader, mainly a lighting consultant, so no scalping or intra day trades.

:))Go through the messages, edits and the tone to see who is getting angry. You don't get it do you?, when i say " it is unfair to those who bought it". Change your value system. You seem to have not changed your noble intentions since 2008 till today when you "guessed" my numbers.

Your messages never conveyed your "advice" to post trades. It contained abusive language and ridiculed the fact that you had to pay for it. I have a thread "Gold today", where i have said, two weeks ago, that the gold prices will reverse to 1626.06. In EURUSD thread, i have said that it is poised to bounce back. In GBPJPY, i have said that it will range at this level. Is that not calling the trade? I have shown my trade results in the website, i have vividly explained order entry and order exits in the Week 2 preview that you did not have to guess the numbers. In fact i have put so many moving averages, that anybody could have guessed it. The trouble is when you want shortcuts, when you want it in a hurry, when you judge too quickly. Read all my posts and judge me like i judged you from your posts. That is why profiles are there.

How does my posting trades here guarantee that others using the method also will get the same profit and loss? No system can guarantee that everybody will get the same results. Show me other trading methods who show this much trade results as proof. I do not promise millions, or even the consistency of profits shown in my trading results. But if people can practice with discipline, honesty and loyalty, then i can guide them to profitable ways. There are no shortcuts.

And thank you for spicing up my thread.

Dear Kelvin

If i have spent money and time for the last 4 years to learn and develop something and decide to sell it, what is your problem with that? I do not believe in freebies. If you believe in free lunches. Good luck. Freebies always have an invisible asterisk somewhere, saying conditions apply. And by the way, i don't do any affiliate marketing or work as introducing broker to offer things for free. Neither i don't believe in your smart strategies.

I guess the 6 Simple Moving Averages very close to the following:

 

1. 8 Open & 8 Close.

2. 108 Close & 128 Close

3. 900 Close & 1000 Close

 

Try it on PFG FX MT4

Nice try. If it is 130 or 930, would it make a big difference in the forecast? At least 8 is a fibo number, but why 108 or 128? Is it a lucky number? Why trust some numbers and leave others?

But i think you are missing the point. No single indicator can help forecast. Only a combination of indicators can help. For me it is MA, fibs, zz and time frames.

But when you know everything there is to know, why would you need this?

I did have a look at your statement on your site, and although I really do mean what I say about call the trade ahead of time if you are selling stuff, it is a good statement (although only short) and looks to be a good system for you. Hope it works out for you.

But, what offended you so much that you had to use such language against me?

still want to see pictures of actual trades, not some squiggles, lines, fibs and a cool name. Call the trade before time and let the results speak for themself. Otherwise, good luck pushing shi# up hill, oops I mean good luck selling a system you show no trades to.

I am indebted to you guys for popularizing my thread. Thank you!

http://i1115.photobucket.com/albums/k543/ponforex/3q/Picture2.gif

Prices at the end of the 3rd quadrant. Read the method for more clarity. People have been attributing all kinds of news like greece, eurozone etc. Wonder what triggered a rise in euro? Is it the news or the prices themselves?

http://i1115.photobucket.com/albums/k543/ponforex/3q/eurusd18512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/gold18512.gif

Watch GBPJPY range in this level and reverse.

http://i1115.photobucket.com/albums/k543/ponforex/3q/gbpjpy18512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/dji18512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/audchf18512.gif

Prices at the beginning of the 3rd quadrant of the week.

http://i1115.photobucket.com/albums/k543/ponforex/3q/gold17512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/gbpjpy17512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/eurusd17512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/dji17512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/audchf17512.gif

Some of the set up for the 2nd quadrant of this week.

http://i1115.photobucket.com/albums/k543/ponforex/3q/gold16512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/gbpjpy16512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/eurusd16512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/dji16512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/audchf16512.gif

Some of the set ups for the 1st quadrant of the week, which happens to be the 2nd quadrant of the month as you can see in the gbpjpy chart.

http://i1115.photobucket.com/albums/k543/ponforex/3q/gold14512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/gbpjpy14512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/eurusd14512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/audchf14512.gif

http://i1115.photobucket.com/albums/k543/ponforex/3q/dji14512.gif

It would be unfair to those who bought it as week1 course for $50. You can see the preview videos of all the 3 weeks course in my Google sites web page and decide if it is worth buying. My webpage is listed under my profile.

Thank you for your understanding.

BUY LOW|SELL HIGH – A simple strategy indeed. But it is often confused with LOWEST and HIGHEST. There are simply no LOWEST or HIGHEST as they are breached every time. With the right combination of Zigzag, Fibonacci retracements, Moving averages and Cycle lines, it is possible to identify the HIGH and LOW of the main trends and its sub trends. 3q method attempts to do the same.

INTRODUCTION

A trading strategy inspired by the principle of a Japanese Candlestick. A typical candlestick consists of a body and wick on either side of the body forming 3 distinct quadrants. (Fig1.) Here white candle is a BULL candle, where the closing price is above the opening price and the black candle is a BEAR candle, where the closing price is below the opening price.

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig1.gif

FIG 1

The sameH4 candle when looked in a H1 chart looks like this. (Fig2.) We see that the white H4 candle consists of 2 black H1 candles and 2 white H1 candles. When we see the same candle from the M5

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig2.gif

FIG 2

Chart, which is shown in fig3, we realize that, a single white H4 candle is made up of a combination of up and down M5 candles and are highly volatile. So, lower time frames are volatile but can give early entry.

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig3.gif

FIG 3

BUY LOW|SELL HIGH

The principal trading strategy of 3q method is to BUY LOW and SELL HIGH. In other words, we should ideally buy when the prices are below the opening prices of a WHITE candle and sell when the prices are above the opening prices of a BLACK candle. How we do know if the current candle will be BLACK or WHITE?

We need to know 3 critical points to execute a profitable trade.

1. The HIGH for a SELL and the LOW for a BUY.

2. The start and end of a Price trend.

3. If possible, the right time of entry and exit.

1. ZIGZAG and FIBO:

Each candle is a cocktail of trends in itself in its lower time frames. The main trend also has many sub trends. But each candle has a HIGH and a LOW. To make it visually clear, Zigzag indicator is very useful (Fig 4.)

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig4.gif

FIG 4

The right zigzag number would filter the small sub trends and capture only the relevant main trends depending on the time frame. In fig 4, you can see the HIGH and LOW of the H4 candle represented by a LOW and HIGH zigzag. Candles or trends of different time frames would require different zigzag numbers. But the zigzag can keep getting updated even after forming a LOW zigzag or a HIGH zigzag. Hence we need to use zigzag in combination with Fibonacci retracements to identify the potential support and resistance levels (Fig5.)

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig5.gif

FIG 5

Each and every candle and hence, every trend has a mathematical proportion to its previous trend. Here you see that the prices are obeying those mathematical proportions based on the modified Fibonacci retracements. You can see how the prices obeyed the 3 quadrants of the Fibonacci retracements. But we still need to know the start of a trend.

2. MOVING AVERAGES:

Moving averages can be used to identify the start and end of a trend direction. (Fig6)

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig6.gif

FIG 6

When the red moving average is above the black moving average it is a BUY and when the red moving average is below the black moving average, it is a SELL. It has to be observed on multiple timeframes to filter out sub trends.

For example, we have added the M15 equivalent of the moving averages in M5 chart (Fig7)

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig7.gif

FIG 7

As we already know, we get an early entry when we look at the M5 moving averages. But when we look at the M15 equivalents, we realize that it is still a BUY trend.

Prices keep touching the moving averages once every few minutes or hours or days or months or years, depending on the timeframe. You can see from fig 7, how the prices keep touching, not only the M5 moving averages, but also the M15 equivalents. So looking at higher time frames, you can differentiate a retracement from a reversal. When the prices are away from the moving averages, the prices either move side wards to wait for the moving average or retrace back to meet the moving averages. (Fig8)

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig8.gif

FIG 8

3. CYCLE LINES:

Let us use this tool to divide the H4 candle into 3 equal parts: (Fig9)

http://i1115.photobucket.com/albums/k543/ponforex/3q/fig9.gif

FIG 9

We see that the prices were moving side wards in the 1st quadrant of the vertical cycle line and in the 1st quadrant of the horizontal fibo retracement.

In the 2nd quadrant of the cycle line we get a clear signal for BUY when the red moving average locks above the black moving average. It is ideal for a BUY as the prices reversed in 1st quadrant of the Fibonacci retracement with the combination of a LOW zigzag, confirming BUY LOW.

The prices retrace to touch the moving averages and close above the HIGH of 2nd quadrant. The BUY order can be closed at end of this H4 candle or kept open if higher time frames indicate a continuation of the trend.

The reverse of this would be applicable for a SELL, a price movement from 3rd quadrant to 2nd and 1st quadrants, confirmed by the locking of the red moving average below the black moving average. But most importantly the HIGH should be confirmed by a combination of HIGH zigzag and a strong resistance level from the 3rd quadrant of Fibo retracements.

This is applicable in every time frame, every financial market!

We will see some examples of price movements on a weekly chart, which represents a year’s price movements. Some examples below, but with additional details.:

http://i1115.photobucket.com/albums/k543/ponforex/3q/gold.gif

GOLD

only 10 images allowed

DOW JONES INDEX

only 10 images allowed

GBPJPY

only 10 images allowed

S&P 500

only 10 images allowed

SILVER

We have to SELL from a HIGH. So it would be worthwhile to wait for a HIGH ZIGZAG to enter a SELL. 1626.06 is a strong resistance level. Any price point around this price should be a good entry point for a SELL.

http://i1115.photobucket.com/albums/k543/ponforex/forums/dfda8023.gif

Gold Today

Now that the prices have gone below 1622.20 and a double mountain is formed in H4. Expect the prices to continue at least till 1545.0 in this month.

http://i1115.photobucket.com/albums/k543/ponforex/forums/5b0f3453.gif

If it goes below 1521, which is most likely, the prices should reach 1100 in this year!

yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag.

 

Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1.

 

http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif

 

if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall. Should get a confirmation by today evening.

yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag.

Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1.

http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif

if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall. Should get a confirmation by today evening.