THIS WEBSITE IS MAJORLY FOR FOREX STARTERS, THOSE THAT ARE TRYING TO MAKE A LIVING FROM FOREX, HERE YOU WILL BE EXPOSE TO SOME SECRET TRADING SETUP THAT THE SO CALLED FOREX GURU USE TO MAKE 30% OF THERE CAPITAL EVERYDAY.BUT BEFORE I REVEAL THE SECRET YOU MUST MAKE A PLEDGE READ THIS LOAD AND PUT IT IN YOUR BRAIN,I CALL IT (YOUR MINDSET) NOW READ:-1) I Will See What Is On The Charts And Not What I want To See.
2) No Matter How Biased I am Towards A Direction, I Will Make Sure To Trade Only What My Eyes See And Not What My Feelings Tells Me.
3) I Will Not Get Revenge On The Market If I Lose On A Trade.
4) I Will Not Beat Myself Up If I Make A Losing Trade.
5) I Will Stick To Money Management Rules All The Time.
6) I Will Always Stick To My Trading Plan All The Time Either am Losing Or Am Gaining.
There are sections here to go through and I enjoyed you to read through all ,firstly lets start with the introduction, then to our main issue(TRADING SETUP).
I HAVE THREE SETUP THAT I WILL REVEAL HERE NOW PLEASE PICK ONE PRACTICE IT ON A DEMO ACCOUNT FOR SOMETIME,BUT I TELL YOU ALL ARE TESTED AND TRUSTED,BECAUSE I USE THEM ALSO. Have a nice ride
INTRODUCTION TO FOREX MARKET.
The foreign Exchange market, also referred to as the FOREX, or FX, market is financial market in the world, with a daily average turnover of US$1.9 trillion.
Foreign Exchange is the simultaneous buying of one currency and selling of another, currencies a traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). In general the exchange rate of a currency is are reflection of the condition of that country’s economy, compared to the other countries economies. The forex market is unique within the world market markets. It’s like a supermarket where the market is open 24-hours a day. At any time, somewhere around the world a financial center is open for business, and banks and other institutions exchange currencies every hour of the day and night with generally only minor gaps on the weekend.
MARKET HOURS
TOKYO OPEN 12.00AM----9.00AM
LONDON OPEN 8.00AM-----5.00PM
U.S OPEN 1.00PM---10.00PM
TRADING SESSIONS/AVERAGE PIP RANGE OF THE 4 MAJOR IN EACH SESSION
SPECIAL NOTICEBUSIEST/BEST DAYS TO TRADEWhen 2 session are overlapping,
The London session is the busiest out of all.
The middle of the week typically shows the most movement.
WORST TIME TO TRADEFridays
Sundays
Holidays
Don’t trade technical analysis during Newsevents
SIX STEPS TO SETTING UP A SYSTEM (GOLDEN RULES)1. Time frame-15min/5min charts
2. Find out which indicators that help in identifying new trend,(parabolic sar, moving average, Alligator).
3. Find out which indicator that help to confirm the trend,(ADX,MACD,RSI).
4. Define your risk level,(how much you are willing to loose in each trade).
5. Define Your Entries/Exits rules,(know when you will enter/exit a trade in order to get the most profit).some people like to enter the trade as soon as all their indicators
match up and give a good signal, even if the candle hasn’t closed. Others like to wait until the close of the candle before entering a trade.
6. Write down your system rules and follow them/keep a daily records of all your trade either lose or profit.
NOTE:-ALL THE TRADING SETUP THAT I EXPLAINED HERE ARE FOR INTRA TRADER ONLY(SHORT TIME TRADER) ENJOY………TRADING SETUP1.) THE FIRST TRADING SETUP IS VERY SIMPLE AND STRAIGHT FORWARD,IT’S CALLED MAS (MOVING AVERAGE SECRET).
YELLOW - 5min Exponential (Executor)
BLUE - 10min Exponential (Signal)
RED - 15min Linear (Trend)
ENTRY AND EXIT RULES:-
1. Buy when yellow crosses red from below upward
2. Sell when yellow crosses red from above downward
3. When yellow crosses blue it is a signal that there is going to be a reversal/change
2.) THIS SETUP IS ONE TRADE PER DAY WITH HIGHER PROFIT IF YOU CATCH THE TREND EARLY.
a.) Trade on daily chart
b) 5 EMA applied to the close
10 EMA applied to the close
c) Stochastic {10,3,3}
d) RSI{14}
e) Stop loss {30 pips}
ENTER LONG IF:-a) The 5 EMA must cross above the 10 EMA & both stochastic lines must head up (do not enter if the stochastic lines are already in the overbought territory).
b) The RSI must be greater than 50
ENTER SHORT IF:-a) The 5EMA crosses below the 10 EMA & both stochastic lines are heading down
(do not enter if the stochastic lines are already in the oversold territory
b) The RSI must be less than 50
EXIT RULES:-a) Exit when the 5 EMA crosses the 10 EMA in the opposite direction of your trade
b) If RSI crosses back to 50
3.) THIS SETUP WORKS WELL ON EUR/GBP,NOT THAT IT WOUNT WORK ON OTHER PAIRS BECAUSE OF THE VOLATILITY
a) Open new EUR/GBP on bar chart and put in 1 minute.
b) After we need to apply the stochastic
c) Click stochastic it will bring a window, click inputs, it will show 3 parameters
K Period 5-change this 5 to 120,then click OK
D Period 3
Slowing 3
d) Open another stochastic window, click inputs
K Period 5-change this 5 to 15,then click OK
D Period 3
Slowing 3
ENTRY RULE FOR BUY:-a) stochastic 1 must be 85 or above.
a) stochastic 2 must be 40 or below
EXIT RULE FOR BUY:-a) stoploss is 35pips from entry price, Profit is 50pips OR
b) if stochastic 2 reaches 95 level.
ENTRY RULE FOR SELL:-a) stochastic 1 must be 10 or less
b) stochastic 2 must be 70 or more
EXIT RULE FOR SELL:-a) stop loss is 35pips from entry price, Profit is 50pips OR
b) if stochastic 2 reaches 5 level
2) No Matter How Biased I am Towards A Direction, I Will Make Sure To Trade Only What My Eyes See And Not What My Feelings Tells Me.
3) I Will Not Get Revenge On The Market If I Lose On A Trade.
4) I Will Not Beat Myself Up If I Make A Losing Trade.
5) I Will Stick To Money Management Rules All The Time.
6) I Will Always Stick To My Trading Plan All The Time Either am Losing Or Am Gaining.
There are sections here to go through and I enjoyed you to read through all ,firstly lets start with the introduction, then to our main issue(TRADING SETUP).
I HAVE THREE SETUP THAT I WILL REVEAL HERE NOW PLEASE PICK ONE PRACTICE IT ON A DEMO ACCOUNT FOR SOMETIME,BUT I TELL YOU ALL ARE TESTED AND TRUSTED,BECAUSE I USE THEM ALSO. Have a nice ride
INTRODUCTION TO FOREX MARKET.
The foreign Exchange market, also referred to as the FOREX, or FX, market is financial market in the world, with a daily average turnover of US$1.9 trillion.
Foreign Exchange is the simultaneous buying of one currency and selling of another, currencies a traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). In general the exchange rate of a currency is are reflection of the condition of that country’s economy, compared to the other countries economies. The forex market is unique within the world market markets. It’s like a supermarket where the market is open 24-hours a day. At any time, somewhere around the world a financial center is open for business, and banks and other institutions exchange currencies every hour of the day and night with generally only minor gaps on the weekend.
MARKET HOURS
TOKYO OPEN 12.00AM----9.00AM
LONDON OPEN 8.00AM-----5.00PM
U.S OPEN 1.00PM---10.00PM
TRADING SESSIONS/AVERAGE PIP RANGE OF THE 4 MAJOR IN EACH SESSION
SPECIAL NOTICEBUSIEST/BEST DAYS TO TRADEWhen 2 session are overlapping,
The London session is the busiest out of all.
The middle of the week typically shows the most movement.
WORST TIME TO TRADEFridays
Sundays
Holidays
Don’t trade technical analysis during Newsevents
SIX STEPS TO SETTING UP A SYSTEM (GOLDEN RULES)1. Time frame-15min/5min charts
2. Find out which indicators that help in identifying new trend,(parabolic sar, moving average, Alligator).
3. Find out which indicator that help to confirm the trend,(ADX,MACD,RSI).
4. Define your risk level,(how much you are willing to loose in each trade).
5. Define Your Entries/Exits rules,(know when you will enter/exit a trade in order to get the most profit).some people like to enter the trade as soon as all their indicators
match up and give a good signal, even if the candle hasn’t closed. Others like to wait until the close of the candle before entering a trade.
6. Write down your system rules and follow them/keep a daily records of all your trade either lose or profit.
NOTE:-ALL THE TRADING SETUP THAT I EXPLAINED HERE ARE FOR INTRA TRADER ONLY(SHORT TIME TRADER) ENJOY………TRADING SETUP1.) THE FIRST TRADING SETUP IS VERY SIMPLE AND STRAIGHT FORWARD,IT’S CALLED MAS (MOVING AVERAGE SECRET).
YELLOW - 5min Exponential (Executor)
BLUE - 10min Exponential (Signal)
RED - 15min Linear (Trend)
ENTRY AND EXIT RULES:-
1. Buy when yellow crosses red from below upward
2. Sell when yellow crosses red from above downward
3. When yellow crosses blue it is a signal that there is going to be a reversal/change
2.) THIS SETUP IS ONE TRADE PER DAY WITH HIGHER PROFIT IF YOU CATCH THE TREND EARLY.
a.) Trade on daily chart
b) 5 EMA applied to the close
10 EMA applied to the close
c) Stochastic {10,3,3}
d) RSI{14}
e) Stop loss {30 pips}
ENTER LONG IF:-a) The 5 EMA must cross above the 10 EMA & both stochastic lines must head up (do not enter if the stochastic lines are already in the overbought territory).
b) The RSI must be greater than 50
ENTER SHORT IF:-a) The 5EMA crosses below the 10 EMA & both stochastic lines are heading down
(do not enter if the stochastic lines are already in the oversold territory
b) The RSI must be less than 50
EXIT RULES:-a) Exit when the 5 EMA crosses the 10 EMA in the opposite direction of your trade
b) If RSI crosses back to 50
3.) THIS SETUP WORKS WELL ON EUR/GBP,NOT THAT IT WOUNT WORK ON OTHER PAIRS BECAUSE OF THE VOLATILITY
a) Open new EUR/GBP on bar chart and put in 1 minute.
b) After we need to apply the stochastic
c) Click stochastic it will bring a window, click inputs, it will show 3 parameters
K Period 5-change this 5 to 120,then click OK
D Period 3
Slowing 3
d) Open another stochastic window, click inputs
K Period 5-change this 5 to 15,then click OK
D Period 3
Slowing 3
ENTRY RULE FOR BUY:-a) stochastic 1 must be 85 or above.
a) stochastic 2 must be 40 or below
EXIT RULE FOR BUY:-a) stoploss is 35pips from entry price, Profit is 50pips OR
b) if stochastic 2 reaches 95 level.
ENTRY RULE FOR SELL:-a) stochastic 1 must be 10 or less
b) stochastic 2 must be 70 or more
EXIT RULE FOR SELL:-a) stop loss is 35pips from entry price, Profit is 50pips OR
b) if stochastic 2 reaches 5 level
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