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Simple Trading Method by trader101 |
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Im been playing
this method for about 3 months now and the return is quite good. This
is a very simple method and it is all base on price action, indicator
free trading and it is done manually.
1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF
8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD
The
top seven pairs is set 1 and the bottom is set 2. These pairs will
hedge each other. Fresh start this method at the very beginning of the
week, this will give you a good look at the pairs as weeks goes on. Set
1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much
as possible run a script (attached) so as to maintain correct timing in
opening them. Click twice the profit column of your terminal so as to
make the positive profit pairs stay at the top and the negatives stay
at the bottom or vice versa. Initially the order of this pairs is a
mess, let it run for a day or two and you will notice the pairs will
start to make a proper order. All the buys will stay at the bottom and
all the sells will occupy the top or vice versa. It like putting to
rest the dirty bottled water and it will start to settle down after a
certain period and all the dirt to the bottom and the clearer water at
the top.
About a day or two, all
the buys (if negatives) will stay below and the sell (if positives)
will be at the top. Now the indication that you should watch is,
ideally the bottom 7 slots should be occupied by the negatives, the
first pair in the negative that crosses the boundary of positive and
negatives is the pairs we are concern. If one of the negative jump to
slot 8 (counting from bottom) there is also a corresponding positive
that will jump to slot 7. This is the signal. We will trade those two
pairs that jump out of boundary.
1) BUYS that jumps up === BUY
2) SELLS that jumps down=== BUY
3) BUYS that jumps down === SELL
4) SELLS that jumps up === SELL
Stoploss: roughly 40 pips x 14 pairs = -560
You
should have another account where you real trading will be executed.
You will trade the two pairs that jump out. If the pair that jump up is
Long then trade the two breakaway pairs LONG or vice versa. I also
trade the next two pairs that jump of the boundary. I limit myself to
just 4 pairs being traded at one time. The profit is up to you, what I
do is when the pair i'm trading retreats 2 slots then I close it.
Remember
do not touch your demo account as this will serve as your indicator and
keep it running all the time and just check it once in while for any
jumper pair and then trade them.
On the attached terminal copy, you can see the brakeaway pair USDCAD
that was a few hours ago and i traded it and make some pips on it.
Consequently the other pair GBPUSD also jump 1 slot down and can also
be trade Long as well.
I hope i expalin it well. Good Luck trading,
Trader101
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Last Updated ( Saturday, 27 September 2008 )
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OzFx System-100-800 Pips Per Trade |
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sample_trades
ozfx_forex_system
ozfx-template
Hello Friends,
I would like to share with you a system that has consistently been successful for me, that I would like to call OzFx System.
What can You expect?
This system has a potential of banking 100-800+ pips per trade trading with Daily Chart.
Why Daily Chart?
As you could guess by now that this is not a 5 min scalping system. I believe in trading longer time frame simply because first of all rules of
technical analysis hold true more often and second I don’t want to sit in front of pc all day long.
Think like this, most of us one day would like to be full time traders;
however it doesn’t mean that we spend all that time in front of PC.
I would rather go flying and playing golf. So I developed this system
thinking of long term and hence it is based on Daily Chart.
See It For Yourself:
Let’s see if you can spot the correlation between the indicator and the price action.

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Last Updated ( Saturday, 17 May 2008 )
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Newton's Break out Strategy |
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