Wedeforex -Signal Forex Gratis Dan Indikator-

Blog Wedeforex Bertujuan Untuk Membantu para Trader Meraih Keuntungan Di Dunia Forex. Wedeforex Blog Menyediakan Signal Forex Gratis, Sistem Trading Forex Dan Indikator Forex Gratis

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Showing posts with label English Forex. Show all posts
Showing posts with label English Forex. Show all posts

Tuesday, July 31, 2018

MAGIC BREAKOUTPLUS

Why MagicBreakout?
● Enter the market before the crowd. With this strategy you will be able to predict breakouts before the momentum traders arrive.
● MagicBreakout is a conservative trading strategy It's safe. You risk a small amount of money on every trade.
● Mechanical. Trade by following a set of simple rules.
● Easy to implement. Convince yourself that trading is really easy!
● Profitable. If you stick to the rules and go through a series of losing trades, you will finally become profitable.
● Scalable. Our MagicBreakout strategy has become a key of the top traders. An improved MagicBreakout+ strategy can make +67% in one month. Our student made 5400% in one year using his own exit rules.

What is really a “breakout”?
A breakout happens when the price breaks a significant high and makes a new high. This is the definition. Let's give an example
Another breakout happens when the price breaks a significant low and makes a new low.

It looks simple. Most traders are trying to catch these breakouts and make money on the accelerated price move. A so-called momentum trader places his buy-stop order just above the significant high. He is waiting for this high breakout... If there is no breakout, he cancels his buy-stop order and prepares for the next trade. If the breakout happens and his buy-stop target is filled, his trading platform automatically opens a long position. The same holds for a low breakout (in that case, trader would place a sell-stop order). Why traders are doing that? Because the price action typically accelerates after a breakout and results in a nice profit. But it's not so sweet every time. There is a risk of significant loss. The nightmares of momentum traders are “false breakouts” and they happen too often. Let's explain why.

The secret behind false breakouts 
Let's discuss the false high-breakouts (the same holds for low-breakouts). There are times when price breaks a significant high, a buy order is filled, long position is opened, but the price quickly turns back down and never comes up or Stop Loss is filled. The trader has to exit position with a loss. Small losses are not something unusual. Every professional trader has losses in Forex trading, you have to admit it. But a profitable trader wins more than loses after time. We have tested some breakout systems on all major currency pairs ten years back. Most of the breakouts were false breakouts or resulted in a small profit. Any system that relies purely on breakouts does not work consistently. Since we, Tim and Julie, are in the financial markets for more than ten years, we have collected some sort of information the large banks and corporations do not want you to know. A large bank has enough money to move the market for a while. When the price hits the significant high again, it should normally bounce back from this high forming a double top pattern. But momentum traders would go long when a breakout happens - it is the well known practice explained in previous paragraph. When the price comes close enough to the high, traders inside the bank quickly buy a large volume of one currency pair ($ millions!). They move the market a few pips up and a forced breakout happens! There is a bunch of buy-orders lying just above the high and these orders get filled immediately. Then the market moves some additional pips up because of the new long positions. After that the bank happily closes its own large position (sells the millions back) and the price quickly turns back. The banks “earn” great amount of money doing this unfair business. They do it a few times every day...

Julie comes with a genial solution: Enter the breakout before the crowd! 
Julie experimented with the CCI indicator (Commodity Channel Index) in the Forex market years ago. There are two common lines: +100 line and -100 line on the indicator chart. When CCI crosses (or “breaks”) the 100 line upward, it is a good entry signal to go long. When CCI crosses (or “breaks”) the -100 line downward, it is a good entry signal to go short. Good signal means that the probability of winning dramatically increases. In other words – CCI indicator acts like a filter for spotting winning trades. Not only a filter. It gives an opportunity to enter the market before a breakout! There was a hard work in developing a definite profitable strategy based on this knowledge. Our strategy is easy to use and gives impressive results. With our students, we made a fortune in the years 2006 and 2007 starting with less than one thousand dollars. We will give our knowledge to you in the next chapters.


Monday, July 23, 2018

Pips Winner Indicator

How It works ? Trading Rules
 You Sell when color turns from green to red
 You buy when color turns from red to green
 You can use alerts (sound+email), just enable them on the indicator settings



Sure Forex System

The Sure Forex System is based on the idea that a GBPUSD will fluctuate Within a particular range and the range will vary according to routine pressures. By using the Sure Forex System you will assess this range and take Advantage when the currency pair breaks out of the base line range.

Sure Forex System Step by Step: First set up your chart. This the same process every day and only takes a few minutes
1. Open a 15 min Chart for a GBP/USD
2. Draw a vertical line at 04:00gmt time on your GBP/USD Chart.
3. Draw a vertical line at 06:00gmt time on your GBP/USD Chart. Please note the charts shown here are on FXDD which is GMT+2. So the lines appear on the chart at 06:00 and 08:00
4. Draw a Horizontal line at the high of candles/bars in between the vertical line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical line.
6. Add a 89 ema (exponential moving average) to the chart

This is what your screen should look like
Notice the red lines form a box. The 89 ema is blue.

At 06:15 GMT Look at your chart. There are three possible outcomes 

No Trade 

If the 89 ema crosses the box DO NOT TRADE. Simply wait for the next day. See example Below

Sell Trade 

If the 89 ema (the blue line) is ABOVE the box place a pending sell order (sellstop) 5 pips BELOW the bottom line of the box. Set your stop loss at 20 pips and your take profit at 75 pips. Set a 45 pip Trailing Stop. When you are 20 pips in profit move your stop to break even. See example below 


 In this example the LOWER red line of the box is at 1.6081.
 We placed our pending sell order 5 pips BELOW it at 1.6076.
 Our stop loss was placed 20 pips above our pending sell order at 1.6096. 
 Our take profit was placed 75 pips below our pending sell order at 1.6001. 
 When the trade moved 20 pips in our favor we moved the stop loss to our entry at 1.6076.

Buy Trade 

If the 89 ema (the blue line) is BELOW the box place a pending buy order (buystop) 5 pips ABOVE the top of the box. Set your stop loss at 20 pips and your take profit at 75 pips. Set a 45 pip Trailing Stop When you are 20 pips in profit move you stop to break even. See example below

 In this example the UPPER red line is at 1.6086. 
 We placed our pending buy order 5 pips ABOVE it at 1.6091. 
 Our stop loss was placed 20 pips below our pending buy order at 1.6071. 
 Our take profit was placed 75 pips above our pending buy order at 1.6166. 
 When the trade moved 20 pips in our favor we moved the stop loss to our entry at 1.6091.

IMPORTANT: Once the order is placed let it run until 06:00 GMT the next day.


Tuesday, June 5, 2018

How To Get Profit 100 Pips Per Week On GBPJPY Part III

When To Enter S+R Line Trades

Line breaks are the main types of entries I use. This style of trading is commonly called Breakout Trading. However, this breakout trading is a little different than most types of breakout trading. The main difference is that I like to use my brain when deciding to enter. I do not robotically enter the moment a line is broken. There are several factors that dictate whether or not I get into a trade, and if I get in to the trade, when I get in.

Candle Movement (momentum): This is probably the main factor in determining whether or not I will enter a trade. Some people have trouble understanding what momentum is so I will try to explain it as best I can. As far as I am concerned it is a simple concept. I believe the people that have trouble understanding momentum are overcomplicating things.

Momentum simply refers to the speed at which the candle is moving. If the candle is moving very fast (moving up/down a few pips at a time without stopping much or at all), then the candle has strong “momentum”. If, instead, the candle is pushing up 1 pip at a time, and every few pips it stalls and reverses slightly, then the candle has weak “momentum”.

So, if a candle with a lot of momentum crosses either a scalp line or an S+R line I will enter right away. I do so because the candle already has momentum and the line break is likely to give it more momentum as new traders jump in. If I hesitate at all it could move 20 or more pips before I manage to enter. If, instead, the candle has very little momentum, and it is slowly crawling its way up/down when it crosses my line, I will hesitate. I do so simply because I do not have much confidence in the strength of the move. My hope is that the break of the line will give it the momentum it requires to begin to move, but I want to see that momentum first. If as soon as it breaks the line it jumps up 3-5 pips I will probably enter. Sometimes you will find a line is broken by 2 pips and then it completely reverses. This is why I am wary of moves with slow momentum. As a trader, I am trying to protect myself from entering a break that is not really a break.

Determining momentum comes down to the “bulls” and “bears” I talked about before. A bullish candle with a lot of momentum shows that the bulls currently have a lot of power and the bears have very little power. Conversely, a bearish candle with a lot of momentum shows the bears have a lot of power and the bulls have very little. So, if I am looking to enter a Bullish trade and a candle with a lot of momentum crosses my line I know the bulls have power and I enter without hesitation. Again, using a bullish candle as an example; if the candle is crawling up 1 pip at a time and constantly stalling, it suggests that the bulls currently have more power. However it also suggests the bears are fighting the move and trying to pull the price down. So, if my line is crossed only slightly, I am concerned that the bears can use the barrier the S/R line provides, and gain the upper hand, thus reversing the momentum. It is essential to remember that every single pip movement represents a struggle between the bulls and bears. Candles are a tool that tell us who is winning that struggle at that moment, this is why it is important to be able to read candles.

Line Strength: Line strength is simple to gauge. If the last time the price approached a line the price got stuck in a range on the line I would be very cautious about trading that line again anytime soon. At best, I would consider the line a very a weak line, but more likely a completely invalid line. In the picture below, highlighted in red, you can see a range that is stuck on a line. A range like this severely weakens the line. There are two ways the line can recover. First, if price moves well away from the line (200+ pips), and stays away for about a week, I might consider trading the line again. This is because the line has had time to recover. However, I still consider the line risky because it has not displayed that it has regained is strength. I am only assuming it has. I will probably trade the line, but I will be very cautious in trading it. I might enter with a reduced position, stop loss or both.
 

Secondly, a much better way for a line to regain its strength is for the line to completely reject the price. If you look at the picture below you see a range stuck on the line (highlighted in red), and a strong reversal from the line (highlighted in blue). The bounce from the line immediately makes it tradable again. You should be looking for the same kind of ‘V’ or ‘U’ shape in order to identify a scalp line.


You should also take into consideration the strength of the bounce. If it is a very weak bounce, it is not significant. I want to see a strong move towards the line, a bounce, and a strong move away. There is no exact amount of pips I want it to move, it is a judgment call I make at that time.

Previous Breaks: Every time a line breaks in the same week it gets more and more likely that the next break of the same line will not make for a successful trade. So after the first break, the chance that the second will make for a good trade is less likely, and the third break is even less likely. I will sometimes take the second break of the same line in the same week. I rarely take the third break, and I never take the fourth. I also expect to see at the very least 6 candles, and a 100 pip move between breaks. If there is not 6 candles between the first and second break, or the break of the first did not move at least 150 pips from the line, I will not trade the second.


Taking a look at the chart above we have 4 breaks of the same line in the same week.

1. The first break was a normal S+R line break and I would have entered.
2. The second break had 6 candles in-between breaks and moved at least 100 pips ways so I would have taken it.
3. The third break moved at least 100 pips but we only have three candles between breaks so I would not have traded it.
4. The fourth break I would not have traded because I do not trade the fourth break.

Let’s imagine for a moment that the fourth break was only the second break. I still would not have traded it. Yes it did move 100 pips away, and there are at least 6 candles in-between breaks, but I would not have traded it because the 6 candles are too close to the line. I am looking for the candles to clear the line, stay around at least 100 pips away from it for at least 6 candles, and then come back.

Vicinity to S+R Zone: S+R zones are no trade zones for me. If the line is too close to the S+R zone I
will not trade the line break. The general rule is: If the normal target of the line break will take you into the S+R zone it is not tradable. So, if a scalp line is 50 pips or less from an S+R zone it is not tradable. If an S+R line is 70 pips or less away from an S+R zone it is not tradable.

S+R Line Targets
 
Picking Targets
Targets vary depending on the pair you are trading. You cannot have the same target on GBP/JPY that you have on EUR/USD, because EUR/USD moves only about ½ as much. A little trick I have learned is to figure out the average daily range (ADR) of the pair and divide it by 4. This gives you an idea on what you should target on a normal S+R line trade. You will probably need to tweak the target slightly over time, but dividing the ADR by 4 gives you a general idea. To save you time I have
figured out the ADR for you.

GBP/JPY ADR = 281 pips
281 / 4 = 70
GBP/JPY S+R line target = 70 pips

GBP/USD ADR = 172 pips
172 / 4 = 43
GBP/USD S+R line target = 45 pips

I’m sure you get the idea. I will let you figure out the rest of the targets for yourself.

USD/CHF ADR = 111 pips
EUR/JPY ADR = 183 pips
USD/CAD ADR = 117 pips
AUD/USD ADR = 111 pips
EUR/USD ADR = 127 pips

These are all the ADR’s I have figured out. If you want to trade any other pairs you will have to figure it out for youself. Remember, I only trade GBP/JPY, so I cannot give you more accurate targets on other pairs. This is the best way to get a general idea. All you have to do now is tweak the target based on your observations.

Refining Targets
Once you have picked your target for a pair you apply it to your trades on that pair. If after some time you notice that the target is often not hit you lessen it. So for example above with GBP/USD we figure out based on the ADR being divided by 4 that we should target 45 pips. If when using that target you notice it is often not reached you simply lessen the target to 40 or 35 pips. If instead your target is hit and it often moves beyond it you could increase your target to 50 or 55 pips.

Keep in mind that this usually takes months of observations I do not change targets based on two or
three trades. My targets on GBP/JPY have been refined by 3 years of data.

How To Trade S+R Lines
 
Depending on your account size and weekly goals you can trade S+R lines a few different ways.

Close Full Position At Target: The simplest way to handle the trade is to set a target of 70 pips and close out the full position once the target is reached. The 70 pip target is always 70 pips from the S+R line not from your entry. So for example if you have a S+R line on GBP/JPY at 218.00 and you are entering a long break you target 218.70. As soon as you see the candle reach the 218.70 point on your chart you close. If you enter a short at 215.00 your exit target would be 214.30. As soon as the candle hits 214.30 on the chart you exit. This is by far the easiest way to trade S+R line breaks.

Lock In And Target More: When you first enter you target 70 pips from the line just like the method above. When your target is reached you only close out half your position. You then move your stop loss to break even and try to target more with the second half. If it reverses and your stop is hit you will be stopped out at break even and lose nothing on the second half. You will have gained 70 pips on the first half of you position and 0 on the second half. If however the second half continues to move in the direction of the break that second half can make you 100-200 pips or maybe even more.

Personally I use the second method but I am beginning to phase it out. Closing the position with 70 pips is much easier and safer. After adding up the numbers it seems that the ‘lock in and target more’ way of handling trades makes about the same amount of pips as the easier ‘close full position at target’. So there really is no advantage to only closing out half and trying to target more with the second half.

When To Enter Scalp Line Breaks
 
Scalp lines are much simpler to enter. However it is still not just a case of entering instantly on a line
break. You should still take momentum into account in much the same way you would for a S+R line
break. Beyond this there isn’t much to write about entering a scalp line trade. All it takes is a little practice, just keep candle momentum in mind.

Picking Scalp Targets

You can also use a simple equation to pick your scalp line targets. Everything is pretty much the same except for scalps you divide by 5. Again you will probably need to tweak the target slightly over time, but dividing the ADR by 4 gives you a good starting point. Here is an example:

GBP/JPY ADR = 281 pips
281 / 5 = 56.2
GBP/JPY SCALP line target = 55 pips

In reality I use a 50 pip target for my GBP/JPY scalps but this gets you very close. I have tried it on 10 different pairs now and every time it has given me a good target to start with.

How Long Do Scalp Lines Last

I would not want a normal scalp line on my chart for any longer than 1 month. If it is a very strong scalp line I may keep it on my chart for up to 2 months. A strong scalp has to have rejected a major trend or even possibly a medium strength trande but had two or more bounces. 90% of scalp lines would not be left on my chart longer than 1 month if they are not broken. If a scalp line is broken it should be removed immediatley. I only ever use a single scalp line one time and them I remove it.

How To Get Profit 100 Pips Per Week On GBPJPY Part II

Support and Resistance Lines (S+R lines)
 
What Are S/R Lines?
S+R lines are points at which the price finds a permanent or temporary barrier. What we are interested in are these temporary barriers. The S+R lines on all currency pairs have been around for decades. If you look back in your charts to the 1980s you will find that the same S+R lines that worked back then are still valid today.
So what exactly is an S+R line, and why would the price magically stop at some seemingly arbitrary horizontal line? Simply put, S+R lines are areas traders expect the price to have trouble getting through. The line only works because a long time ago the price happened to bounce away from it strongly. Therefore, the next time it reached that same price level, traders regarded it as a break opportunity or a price reversal level, and then traded accordingly. In other words, they thought, “The price bounced away from this line the last time. It might bounce away from it again, so I should be careful.” The more this happened the stronger the lines became, and now they are commonly viewed as areas at which the price will have trouble getting through.

How I use these lines
The basic idea of my method is to place these lines, and wait for the price to reach them. When the S+R line is reached, if it is broken, I expect the price to keep moving in the direction of the break. If instead, when it is reached, we start to see reversal patterns like LWP’s or GP’s form, I trade a reversal from the line. As I stated at the beginning of this e-Book, I like to keep it simple. You can now see that the foundation of my method is very simple, but is also very effective.

Placing S+R lines
Placing support and resistance lines is an art not a science. It will never be a science as long as humans are trading. Support and resistance lines are one of the most basic aspects to trading. Every trader uses them in one way or another. Each currency pair has highs and lows to which traders pay attention. As you develop your skill at placing S/R lines, you will need to be able to spot the price lines that would be most common to most traders. This is only done by practice and actively trading. Below is a basic outline of how I pick out my S+R lines. Keep in mind that there is a consistency to S+R lines; therefore, you do not have to pick them every week. There first thing I do when placing S+R lines on a bare chart is identify recent areas of support and resistance.

This is a very simple process. You just place a line at points at which the price has recently shown support and resistance. Typically you would look for three or more bounces from the same line. An ideal scenario would have the wick of the candle hitting the line, though; it is acceptable to use the candle’s body to place a line even if the wick has moved beyond the line. Even though the candle body is significant you cannot place a line based solely off of candle body bounces. The primary focus should be on the wick.

The next step is to scroll back through your charts and confirm the lines you have placed. Are they historically significant? By historically significant I simply mean that over the past few years has the price bounced away exactly from or near that line? You should be able to see a few bounces just about every time the price is in the area of that line. I usually go back about five years. You do not want to pick too many lines. You are only looking for the strongest ones. GBP/JPY lines should be a minimum of 100 pips apart. You do not need a line every 100 pips. Place lines only where you find them. In certain areas on my GBP/JPY chart I have about 250 pips between lines, so do not be afraid of large distances between lines. If you start placing weak lines to fill in gaps you will likely start taking bad trades based on those lines. Remember, you want lines that the most traders will observing as valid S/R lines.

Line Migration
You should also be aware that lines tend to migrate slightly over the course of a few months. They will move 30 pips up, then 30 pips down, so be ready to tweak your lines as time passes. Line migration occurs because occasionally a candle breaks past a line and then reverses, leaving a small wick 10-30 pips beyond the line. The next time the price reaches that level it bounces away from the new high formed by that wick. After a few bounces you will find that the price is more likely to bounce from the new level as opposed to the original S+R line. All you need to do is move your line to the new level, and use that new level as the S+R level.

How long do they last?
The same S+R lines have been around for decades. After you place them on a chart and get them right, all you need to do is adjust them to account for line migration. Other than that, your S+R lines should always remain pretty much at the same levels. Sometimes an S+R zone forms on a line. (I’ll explain S+R zones in the next section). When that S+R zone eventually becomes obsolete, it can form a new line and eliminate the original one. This however is rare, and when it does happen it is unlikely the original S+R will move more than 50 pips.

S+R Zones

What Are S+R Zones?
S+R zones are areas of around 50-100 pips in which the price tends to range. S+R zones are usually formed by tight ranging periods near an S+R line. The price ranges at the line for so long that the S+R line becomes useless, and a zone forms in the area the S+R line was in. Think about it as a disruption of the S+R line. After the S+R line is disrupted it can take a few weeks, or even a few months for it to return to normal. You will find that when the price approaches that area it will get sucked into a range, or it will bounce away from the area randomly. An S+R zone is no-man’s-land, and I rarely, if ever, take a trade at or near one of these zones. I simply wait for the line to return to it’s normal state.

How I place them
It’s very simple to spot an S+R zone. You will find that after the price ranges on or near an S+R line the line no longer holds the price back very well. You will see the price bouncing away randomly near the line and getting caught in ranges near the line. Keep in mind, S+R zones are rare, and just because you get some ranging here and there does not automatically mean it is an S+R zone.


As you can see in the picture above, we have the original S+R line in blue, and in green, the range that disrupted that line. After that, we see random reversals highlighted in red. If these random reversals do not average out quickly (1-2 weeks), and pick a single point to bounce from, I mark the area as an S+R zone. The zone is simply there to say, “The price will probably act erratically in this area, so stay out of the market.” Eventually, the zone will form into a single line, usually returning to the original line, or at least very close to it.

Scalp Lines

What Are Scalp Lines?
Scalp lines are temporary areas of support and resistance. As I have already explained, an S+R line needs to have a lot of history behind it to be useable. A scalp line does not need this same history. Scalp lines are formed by a single, sudden, sharp reversal. If a candle, for any reason, moves to, and then bounces away from a certain point, that point becomes a scalp line. Scalp lines can be used to take 4hr chart scalp trades. A good scalp line will have three essential parts, if a scalp line does not have these three parts I will likely not use it.

Preceding trend: The preceding trend required for a scalp line formation can be as short as a single candle, a single candle would however make for a weak scalp line. Ideally you would want to see a nice strong trend of four or more candles. The bigger and stronger the preceding trend the stronger the scalp line is. In the pics below the preceding trend is show in the blue box.

 
Bounce Candle: The bounce candle is the lowest point, it does not have to be a reversal candle it is
just the lowest point of the trend.
 


Reversal trend: The reversal trend confirms that the point at which the bounce candle stopped has some strength. If there is no reversal it is hard to say that it is a valid scalp line since
 

How I place them
Scalp lines are even easier to place than S+R lines. Just about every week you are going to see the price bounce away from random places on the chart. This can be caused by news releases, CB intervention, or other various reasons. All you need to do is identify these bounces and place a line there. Next time the price reaches that level and breaks that line a trade is entered. There are two main types of scalp line formations, and a third weaker type of formation.

‘V’ shaped bounce: To be more accurate, the ‘V’ shape can also be an upside down ‘V’. This is the best type of formation as it shows a very sharp and quick bounce.

 ‘U’ shaped bounce: The ‘U’ shaped bounce looks like the graphic you see below. It can vary a little,
but it remains generally the same.
 
 ‘L’ shaped double bounce: L-shaped bounces are weaker lines. To place a scalp line on an L-shaped bounce, it has to have bounced at least two times from the same line. I personally do allow for 1-3 pips difference. Taking GBP/JPY as an example, if the first bounce is from 212.83 and the second from 212.80 I will still use it.

Scalp lines can be placed almost anywhere you see one of these types of formations. The only time I would not place a scalp line is if it is too close to an S+R line. I have an imaginary 20 pip boundary on either side of each S+R line, and I do not place my scalp lines there. If any of these bounces form within those 20 pips I just consider it a bounce from the S+R line.
If you get a strong bounce from an S+R line, it does not make the S+R line a scalp. If a scalp line gets a lot of bounces, it does not become and S+R line. It just becomes a very strong scalp line. It is important to understand that these lines are two different types of lines and should be treated as such.
Another thing to take note of is how often a scalp line should be placed. Personally, I like to see a minimum of 10 candles between my scalps. For example, if you see two ‘V’ shaped bounces form, as in the picture below, you do not place a scalp line at both price levels. You place the line at the lowest bounce. Of course, you would place it at the highest bounce if it is an upside down ‘V’ shape.
The 10 candle rule functions more as a guideline than a strict rule. You can place a scalp line at every minor bounce you see if you want to. If you do that though, you have to realize that the scalp lines placed on minor bounces are usually much weaker and your trade risk increases. Good scalp lines should be placed at the large, prominent bounces. They should mark the end of a trend. I do not place them at every single tiny bounce. I know this can seem very overwhelming at first, but after a few weeks you will be placing scalp lines like a pro. If you are ever unsure about placing a scalp line, simply ask in the Forex4noobs forum if the line you want to place is in fact a scalp line.