| Currencies News |
| Economic Indicators |
| Forex Fundamental Analysis |
| Forex Technical analysis |
| Live Currency Rates |
| Economic Calendar |
| Forex Charts |
| Forex Video |
| Contact Us |
| Simple Trading Method by trader101 |
|
|
|
|
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 IBFX 14 pairs:
Set 1(The Buys)
Profit ---- Profit Locked For safe trading you wait till those anchors leave thier spot then you trade LONG. If that happend you your profit will be moving towards 0 and then hold until the profit reaches somewhere 20 or the anchors reaches the the opposite side then wait again for the anchors to leave and trade Short and again and again and again. anchor position ( position when sell from bottom half finally dislodged the number 1 buy, it is also the time the buy will dislodge the lowest sell.)
For NonIBFX;
For IBFX user:
|
|
| Last Updated ( Saturday, 27 September 2008 ) |
| < Prev | Next > |
|---|