Another simple system - Time-Frame 15

Hello Folks
After a long wait...i finally introduce you to a new method.This is proven to be 80 percent profitable for me.
About Me : I have been trading forex for over 2 years now.Before the forex market i was trading stocks for a while.but forex was more interesting than the stupid stock market.
Sorry for my english..its not my mother tongue.
THE SYSTEM: TIME-FRAME 15

This strategy is based purely on price action.however just to confirm the same we will look where the price is bouncing off from.for example on any time frame the 200 EMA is very well respected.so this strategy we use only 15min timeframe.why coz less than 15min will give you more fakeys and more than this will take huge stoploss which is not ok with me.since i dont trade in millions..what we are trying to do here is to make maximum money with little investement.
I will explain in detail how to take these bounce trades after the TDI confirmation. I don't believe in adding lot of MA as it will spoil the look of the chart.The time we will look for trades is after the LONDON market opens..why?that is when more money will come to the market.more money means more momentum more momentum means more pips.more pips more money you can take home.

THE SETUP:
We will wait for the LONDON to open.after it opens we will look for trades AWAY from the 200 EMA.thre are more than one setup..but for the beginners of this system.please practice your eyes for this one setup and later I will elaborate on the other setups.Before you take a trade the price should close below the 10EMA for short and above 10EMA for long. MONEY MANAGEMENT SL is 20 Pips TP is upto a trader you may let it run till the tdi crosses back.or you may close at 1:1 upto you. As many other system even this has failure at very high volatile times.please demo it demo it demo it..till you become consistent with this strategy. I move my stop to BE after 12 pips..i don't want to give the pips back the market whats in my pocket.never risk more than 2 % on a single trade
This will be very easy if you already trading using TDI.For this setup the TDI GREEN should cross the Yellow line.Please read dean Malone TDI usage guide for more information on TDI..Later we shall talk about re entries and other setups later coz it will confuse all the newbies..see below for the chart attached

INDICATORS USED:11 1)200 EMA ( 1HR 50EMA) 2)800 EMA ( 4HR 50 EMA) 3) 10EMA 4)Round number indicator 5)Trading Time Indicator

Attached Thumbnails

Forex Trading Systems – Ping Pong Trade

Forex Trading Systems – Ping Pong Trade


I like to call this a ping pong trade. A nice forex price action pin bar formed on the forex pair: Usd Chf Its a price action forex pin bar that is in line with the uptrend. (Remember to always trade with the trend) Moreover, it has the 150 moving average (marked by the orange line) as support. By just judging the above points alone and not adding other confluences, its a already a good trade to enter. So where is our First take profit area? The blue line of course. Our 200 moving average. Price will definitely stop at the area for some resistance. So that will be our take profit target. So its pretty simple. Price touches the 150, and bounces back up to the 200. Just like a ping pong. Forex Trading Systems – Ping Pong trade Follow up


Price indeed reached the 200 moving average to find resistance. And we have gotten our profit. A quick profit we got here. What we can learn from this scenario: Forex trading need not be hard. By looking at it in this way, it is plain and simple. No difficult forex indicators whatsoever. Just price action with moving average = Profits Check out our Winning Asia Forex Mentor Price Action Forex Course where i teach you the exact FULL Forex Trading Systems that i personally use. See you on the other side my friend,

Importance of stop loss placement in forex trading

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FOREX TRADING: IMPORTANCE OF STOP LOSS PLACEMENT


A lot of traders do not believe in stop loss placement. Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of the most crucial key if you want to make forex trading profitable. Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way. And sure enough, most of the time, they took more losses than they would have if they stayed on their initial stop loss. In the chart above, is an example of the importance of stop loss placement. Usd chf h4 In the highlighted box, thats a pin bar. When some guys see this pin, they will naturally take it down and the ideal place for their stop loss is the horizontal line in orange that is drawn. Scenario A) if the trader did not place a stop loss, or a mental stop loss – look at how high the usd chf pair went upwards. Their account will be blown or had a huge huge loss. Scenario B) Trader shifted their stop loss backwards from the initial orange line thinking that the trade will go back down. They would have taken a huge loss as the move went up terribly fast and would have gotten a big blow to their account Scenario C) Trader sticked to their initial stop loss, they would have just gotten a standard loss of the % risked in their account, based on their money management. And this is just one of the trades among the plenty, therefore this loss is not a big deal. I hope you guys can see the importance of placing and sticking to your stop loss. Or else your account will be blown before you know it. Ezekiel Chew Asia #1 Forex Mentor

Genuine online forex trading

Scammers and genuine business people, these are the two main categories you'll work with in business transactions. Scam in fact abounds on speculative markets such as Forex. People who work at home and who try to make their own independent buck face scam risks every day. Genuine online Forex trading does have a big impact on the international work environment, but sometimes it is not enough. False commitments are common basis for lots of Forex activities, and most issues result from the creation of unverified brokerage systems that charge commissions or money deposits while giving zero in return.
Trade without middlemen, that's the best idea for genuine online Forex trading. You can develop personal strategies and stop basing your decisions on the recommendations of so-called professionals. Beginners usually get in the traps of less genuine online Forex trading, but even more experienced traders may fall for it. Fear and greed are the two feelings that expose you to scams. Don't believe in miracles and don't expect wonder results from you first investments. This is not possible, therefore, stay wary of anyone who tells you otherwise.
Let's take a clear example here. In order to operate on the foreign exchange market, you need to open an account and make a money deposit. Genuine online Forex trading systems generally recommend for the opening of multiple accounts at the same time, while scammers advise you to create just one, so that they may get more money from you in one shot. Look for web sites that provide advice and support for beginners, and even strategies to implement on the currency market. In time, with genuine online Forex trading support you'll learn how to detect and analyze market indicators and distinguish what is genuine from what is fake.
To sum it up:
Stay realistic and don't fall for the ultimate regular income promises or the revelation of the secret market movements.
Genuine online Forex trading results from good knowledge of the market principles and solid education.
There is a risk even with the best trading systems. The rewards can be considerable, but with every investment you also take a risk!
Create an individual simple system. Leave advanced currency trading strategies for when you are confident and trained enough to handle them!
Avoid short-term money ventures and aim for long term success!
Forex Trading can be learned by anyone. It truly is a business open to anyone. BUT the learning curve is steep, a lot of mistakes are being made and you can lose a lot of money fast by making the same mistakes all beginner forex traders make.
[link removed]

Forex Trading – Gaps

Forex Trading – Gaps
Gaps happen when the forex market closes and the forex market have some movements before the market opens. When the gap forms, What will they happen. If you had read out previous post about gaps. It will come as no surprise to you. Ans: Gaps usually closes. The market will usually close back the gap that is formed. There are plently of gaps the formed when monday opened, such a wonderful thing. Got quite a number of pips just by closing the gaps. These 2 charts are some of the example of the gaps these week, but there were plenty besides these 2.
Ezekiel Chew

The dragon trading system ( Fearless in Forex

Greetings, hello all, I want to share the work of my friend's trading system, is based on the observation intervals and finally tested in such a way, these indicators are not inferior to those of the other master please download, once installed into MT4 results will be as shown below, there is a full explanation in the archive.

thanks to a.triyatno

Forex Gap Strategy

Forex Gap Strategy — is an interesting trading system that utilizes one of the most disturbing phenomena of the Forex market — a weekly gap between the last Friday's close price and the current Monday's open price. The gap itself takes its origin in the fact that the interbank currency market continues to react on the fundamental news during the weekend, opening on Monday at the level with the most liquidity. The offered strategy is based on the assumption that the gap is a result of speculations and the excess volatility, thus a position in the opposite direction should probably become profitable after a few days.

Features

• Regular trading with clear rules.
• No stop-loss hunting or premature hits.
• Statistically proven profit.
• You have to open position at the week's beginning and close it right before the end.

How to Trade?

1. Select a currency pair with a relatively high level of volatility. I recommend GBP/JPY as it showed the best results during my tests. But other JPY-based pairs should work too. By the way, it's a good strategy to use on all major currency pairs at the same time.
2. When a new week starts look if there is a gap. A gap should be at least 5 times the average spread for the pair. Otherwise it can't be considered a real signal.
3. If Monday's (or late Sunday's if you trade from North or South America) open is below the Friday's (or early Saturday if you trade from Oceania or Eastern Asia) close the gap is negative and you should open a Long position.
4. If Monday's open is above the Friday's close the gap is positive and you should open a Short position.
5. Don't set a stop-loss or a take-profit level (it's a rare occasion but stop-loss isn't recommended in this strategy).
6. Right before the end of the weekly trading session (eg, 5 minutes before the end) you need to close the position.

Example

You can see GBP/JPY pair's last 7 weeks (as of May 24, 2010) and all of them have gaps. 6 out of 7 gaps give correct signals that result in a lot of profit. The last gap gives a wrong signal and yields a medium loss. The average spread for GBP/JPY was 3 pips during the example period and all gaps were much wider than 15 pips, making them all qualifying signals. The net total profit was 1,612 pips in 7 weeks — not that bad.

Warning!

Use this strategy at your own risk. EarnForex.com can't be responsible for any losses associated with using any strategy presented on the site. It's not recommended to use this strategy on the real account without testing it on demo first.

EMA 75 SWING STRATEGY

EMA 75 SWING STRATEGY
Time frame :1H Pair :major
Indicators: EMA 75 , YELLOW COLOR
ENVELOPES PERIOD EMA 75 DEVIATION 0.05 BLUE , RED, COLOR ENVELOPES PERIOD EMA 75 DEVIATION 0.10 BLUE , RED, COLOR ENVELOPES PERIOD EMA 75 DEVIATION 0.20 BLUE , RED, COLOR ENVELOPES PERIOD EMA 75 DEVIATION 0.30 BLUE, RED, COLOR ENVELOPES PERIOD EMA 75 DEVIATION 0.40 BLUE , RED, COLOR ENVELOPES PERIOD EMA 75 DEVIATION 0.50 BLUE, RED, COLOR
ZIGZAG , WHITE
SHORT OR LONG POSITION : WHEN PRICE HIT NEAR 75 SMA YELLOW ENTRY AND EXIT PRICE HIT BELOW LAST ENVELOPE LINE AND RE ENTRY THE A SAME RULE.
STOP LOSS ABOVE LAST ENVELOPE LINE .

Simple Price Based Trading System

Back to Forex Strategy List

Simple Price Based Forex trading system — an interesting system that was developed by one of the Forex traders recently. It works for any pair (though, EUR/USD is recommended) and in all market conditions. No indicators are required to trade using this system. All you need is the ability to set up the pending orders.

Features

• Position-based trading for any state of the market.
• Trailing stop protects profit.
• Lack of statistical proof.

How to Trade?

1. Higher timeframe chart is recommended as each trading setup requires some calculations based on the latest bar.
2. Key number should be calculated first. It's based on the current price. For the quotes with 4 digits after a dot the key value is the current price multiplied by 10 and then rounded. For the quotes with 2 digits after a dot the key value is the current price divided by 10 and the rounded.
3. Place pending Buy order at Current Price + (2 * Key value).
4. Place pending Sell order at Current Price - (2 * Key value).
5. Place stop-loss for pending Buy order at Open Price - (2 * Key value).
6. Place stop-loss for pending Sell order at Open Price + (2 * Key value).
7. Take-profit for both orders is calculated similarly to the key value but the current price should be multiplied by 100 for the quotes with 4 digits after a dot and shouldn't be divided for the quotes with 2 digits after a dot. In both cases the values should be rounded.
8. Trailing stop is also applied to the orders and is set to 2.5 * Key value.
9. Don't forget to cancel the untriggered orders after the timeframe period ends.
10. If this sounds too complicated, see the example below.

Example

Let's calculate the entry conditions and parameters for an example presented on the chart:

1. It's a EUR/USD H4 chart.
2. The current price is 1.4810, the current bar's open price is 1.4832.
3. There are 4 digits after a dot in the quotes for EUR/USD. That means that the Key value is calculated as 1.4810 * 10 = 14.8. Rounding it results in 15 pips.
4. Pending Buy order level is calculated as 1.4810 + (2 * 15) = 1.4840 .
5. Pending Sell order level is calculated as 1.4810 - (2 * 15) = 1.4780 .
6. Stop-loss for pending Buy order is calculated as 1.4832 - (2 * 15) = 1.4802.
7. Stop-loss for pending Sell order is calculated as 1.4832 + (2 * 15) = 1.4862.
8. Take-profit for all pending orders is calculated as 1.4810 * 100 = 148.1 or, after rounding, 148 pips.
9. Take-profit for pending Buy order is set to 1.4840 + 148 = 1.4988 .
10. Take-profit for pending Sell order is set to 1.4780 - 148 = 1.4632 .
11. Trailing stop for both orders is set to 2.5 * 15 = 37.5 or, after rounding, 38 pips.

Credits

This trading system was originally developed by The Forexkid . The version presented here has some minor modifications.

Warning!

Use this strategy at your own risk. EarnForex.com can't be responsible for any losses associated with using any strategy presented on the site. It's not recommended to use this strategy on the real account without testing it on demo first.

Profitable strategy for us

a freind & i have been investing in forex for about 10months thru (fx solutions),this is our strategy & we started with $250. & have turned into $5k..we have been using ( CAD/USD), we open 2 accounts and have the same amount of $ in each account.then we ( buy ) with 1 account & the (sell) with the 2nd account both simultaniously.always investing only 40% $ of whats in each account.. 1 account goes positive making $ & we let it ride to see how high it will go,then we close it..the 2nd account goes negative,then we let it (ride out),wait for it to go back to were we bought both at, at this point the negative account is even & now we buy again with the account we closed 1st, and we repeat the same proccess over & over..so 1 account goes positive & 1 goes negative.u cant loose if u have enough $ in ur account to ride out the negative trend...we have never lost $ on forex using this system,u just have to be pacient..i was woundering does anybody else use this system & what do u think about it?

News strategy- As simple as Perfect

FOREX Market traps-Profit from the news traps There are some important thing what a trader has to consider before enter on the biggest and the most dangerous financial market. I am a professional trader of the Forex market so i would like to help for the people who has no knowledge and experience to trade the market and make consistent monthly profit. Every institutional participants has softwares to monitor where are the stop loss-they get this information from the liquidity providers or from central banks where are the prices, where they can buy „cheaper” that is not a secret. But they have stophunter method as well, but the real market traps happening when the fundamental news released when a trader watching the market during the the highest impacted economical news they trade the direction of it cause they think the price will rise or fall all of the day. They set up the stoploss around the place where they entered. And if it is once lot s of stoploss level activating...............the price suddenly will go to the opposite direction most of the situations..... News strategy- As simple as Perfect Most of the people complicate the trading as much as they can. The trading it s easy, if you have strategy, money management and some rules-let s say a trading system. Now i am telling my trading system. I have worked with it and i made from this strategy 5-15 % monthly profit consistently. When a news coming up. For example at 10.30 any highest impact news of the GBP. I check the M15 chart on GBP-CAD or GBPAUD. When the M15 candle has closed at 10.45 i start to trade to the opposite direction. My entry level will be BULLISH if the „news candle” Bearish. I place a BUYSTOP above the news candle 7-8 pips. My stop loss will be under the daily low -5 pips. The Target always 1:1( initial risk) My entry will be BEARISH if the news candle Bullish if it's i place a SELLSTOP under the news candle -5 pips I dont trade if the stop loss bigger than 60 pips. I trade a day once. My risk is 2% of the equity/trade. If the first 3 trade has been lost i reduce the risk from 2% to 1.5 % Try it on DEMO first . It s working on USDJPY, USDCHF, GBPUSD, AUDCAD etc

Very good Hedge Strategy

Hello
i have a good hedge strategy i found it before in the forum but i made some modification on it. The original strategy is a hedging strategy depend on TP=30 and SL=60 and lots sizes starting from 0.1, 0.3,0.6,1.2,2.4 and so on and the TP is fixed
and taking position distance between B/S =20 pips
but my method is
TP=30
SL=40

taking position distance between B/S =10
lot sizes starting up from 0.01,0.02,0.03,0.06,0.12,0.24
as in the following picture
if the first target did not reach and we achieved the second target we will earn
-40+2*30=20 pips
if the second target did not reach to and we got the third target, then we will earn
30-80+90=40 pips
if the third target did not reach and we achieved the forth target, then we will earn
-40+60-120+180=60 pips
if the forth target did not reach and we achieved the fifth target, then we will earn
80 pips
and sixth will be 160 and so on 

200SMA - Simple trading strategy

200SMA is really an awesome indicator just itself. I tell you, use 4H chart and currency pairs as many as 10 or above. You may also use 1H chart but not below that.
Now the trading strategy is:
Keep watching all the pairs by applying 200SMA. Anytime when a candle closes crossing the 200SMA, just open a position following the trend. I would suggest opening 2 positions. One with take profit from 10-15 and when that is been hit, move the stop loss of other position to breakeven. This will save your profit and even if this position hit the stop loss, you are already in profit. What my observation is that when this movement happens, generally price goes as long as 500 pips but I dont want to take the risk in order to earn great money. Other position you can monitor and take profit wherever you want if it is favoring you.

Weakness of Strategies

The strategy did not work well, due to the weakness factor strategies, and (possibly) traders skill weaknesses.
Let us share the experience of the weakness of forex trading strategies.
1. The downside of Hedge Strategy:
Not a profit because of the number of lots that opened balanced.
2. The downside of Trend Strategy:
Failed because of dealing with the large investment that makes a sudden turn.
3. Weaknesses Reversal Strategy:
Failed because the trend is moving towards the opposite.

Candlesticks and its strategy

The candle stick chart is closely related to the bar chart. it also consist of four major prices: high, low, open, and close. the opening and closing prices form the body of the( jittai) candlestick
to indicate that the opening was lower than the closing, the body of the bar is left blank. in its original form, the body was colored red. the current standard electronic displays allow you to keep it blank or select a color of your choice.
why i decided to provide these information is to help beginners understand few things: that may start them off as demo traders. don't feel ever, that these few details are enough for forex trading. i mean, the real.

 Many Trader Use Candlestick Pattern to Entry The Market
Don't Trade If You Don't know this
And Dance with the market after You know this Candle
Bullish Candlestick Patterns
Bearish Candlestick Patterns