Pending Order Sell EURCAD di level 1.53815
Stop Loss EURCAD dilevel 1.54521
Target profit EURCAD di level 1.53133
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Showing posts with label Sistem Trading. Show all posts
Showing posts with label Sistem Trading. Show all posts
Thursday, December 20, 2018
Wednesday, December 19, 2018
Pending Order Sell GBPCAD di level 1.70055
Stop Loss GBPCAD dilevel 1.70782
Target profit 1 GBPCAD di level 1.69605
Target profit 2 GBPCAD di level 1.69218
Tuesday, December 18, 2018
Pending Order Sell GBPCAD di level 1.69055
Stop Loss GBPCAD dilevel 1.69689
Target profit 1 GBPCAD di level 1.68673
Target profit 2 GBPCAD di level 1.68455
Tuesday, November 6, 2018
The ATB is designed to save you more time than you ever could have imagined…
So let’s use the same time example as above, but now instead if doing it manually you throw on our ATB Sniper Indicator.
Say you have been trading with the ATB Sniper that required no drawing but simply just adding it to your charts for the next five years...
According to our calculations you will spend a total of 1 minute and 30 seconds drawing, redrawing, deleting, etc. Triangle patterns on your charts.
Meaning that the only time it took for you to do all these tasks was implementing the indicator on to your charts!
Rekomendasi Trading
Pending Order Sell GBPUSD di level 1.30407
Stop Loss GBPUSD dilevel 1.30727
Target profit 1 GBPUSD di level 1.30087
Target profit 2 GBPUSD di level 1.29289
Rekomendasi Trading
Pending Order Sell GBPCHF di level 1.31063
Stop Loss GBPCHF dilevel 1.31543
Target profit 1 GBPCHF di level 1.30754
Target profit 2 GBPCHF di level 1.30615
Sunday, November 4, 2018
Rekomendasi Trading
Pending Order Sell GBPCHF di level 1.30351
Stop Loss GBPCHF dilevel 1.30751
Target profit 1 GBPCHF di level 1.29948
Target profit 2 GBPCHF di level 1.29518
Tuesday, July 31, 2018
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.
● 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
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
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
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
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.
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.
Thursday, July 19, 2018
Indikator ini adalah indikator yang cara kerjanya sangat simpel yaitu mendeteksi signal berdasarkan warna merah dan biru, ketika indikator berganti warna dari biru ke merah saatnya untuk melakukan Sell dan ketika indikator berganti warna dari merah ke biru saatnya untuk melakukan Buy. Indikator ini juga dapat memberikan peringatan signal melalui Popup Alert Window saat terjadi pergantian warna, semua informasi tertera pada Popup Alert Window (Trend Up / Trend Down, Signal Buy / Sell, Harga Entri, Tingkat Stop Loss, TimeFrame dimana signal diterima, dan Pair / Mata Uang dimana signal diterima).
Input Parameters:
- TMperiod (default = 26) — Anda dapat mengubahnya, semakin tinggi nilainya maka semakin akurat signal yang anda dapatkan namun sedikit signal yang dihasilkan, semakin rendah nilainya maka semakin banyak signal palsu yang anda dapatkan namun banyak signal yang dihasilkan. Jadi Berhati-hatilah.
- Intensity (default = 1.9) — Sebaiknya dibiarkan settingan default, namun jika anda ingin merubahnya ada baiknya dirubah sesuai petunjuk "User Manual" yang sudah saya lampirkan bersamaan dengan indikator ini yang akan anda download nanti.
- SL_distance_pips (default = 200) — Jarak dari harga entri ke stop-loss, default = 200 (untuk broker 5 digit = 20 pips), jika anda menggunakan broker 4 digit maka bisa anda ubah default = 20 (untuk broker 4 digit = 20 pips).
- Pengaturan default di optimalkan untuk trading pada timeframe M15 dan M30
Seperti yang bisa anda lihat pada gambar diatas, trading cukup mudah jika anda menggunakan indikator ini, hanya Buy ketika indikator berganti warna dari merah ke biru dan Sell ketika indikator berganti warna dari biru ke merah. Tapi kelemahan dari indikator ini yaitu kurang jelasnya penentuan take-profit dan indikator ini kurang baik digunakan saat pasar sedang Sideway Trend, untuk itu disarankan agar berhati-hati dalam mengatur balance anda dan gunakan Money Management yang baik sehingga anda terhindar dari Margin Call dan trading yang loss tidak akan mempengaruhi emosi anda dalam mengambil keputusan berikutnya.
Sunday, June 10, 2018
Extreme FX profit indicator and EA
Jika Anda seorang pemula dan mencari software trading, maka Extreme Profit FX adalah tool yang mudah dikonfigurasi. Extreme FX Profit adalah robot trading forex yang semakin populer di kalangan trader. Tidak perlu banyak waktu untuk menginstal perangkat lunak ini, Anda akan siap dalam waktu kurang dari 10 menit untuk memulai dengan perdagangan otomatis. Software Extreme FX Profit ini adalah dapat anda download gratis di website www.wedeforex.blogspot.com. Ini adalah robot forex yang kuat yang dapat membantu Anda melipatgandakan uang dalam perdagangan valas.
- Sangat mudah dalam setting dgn otomatis adanya panah Buy/ Sell indikator pada grafik mt4
- Lebih dari 90% ++ akurasi menang
-Tidak ada membutuhkan pengalam di dunia forex
-Bekerja di semua platform MT4
-Bekerja dengan semua pasangan mata uang utama
-Bekerja 24 jam kapan saja siang / malam
-Bekerja pada SEMUA timeframe (timeframe yang disarankan adalah M15, M30 dan H1) sehingga Anda dapat menghasilkan lebih banyak keuntungan dalam waktu yang jauh lebih singkat)
-Anda dapat memilih jika Anda ingin memasuki market atau tidak (fleksibilitas untuk pedagang berpengalaman)
Password : kishoreM
Saturday, June 9, 2018
Wolfe Waves merupakan reversal pattern yang alami dan dapat diandalkan, bisa digunakan semua market dan timeframe, yang mewakili pertarungan antara bulls dan bears untuk menemukan keseimbangan harga. Ini adalah strategi entri yang berkinerja terbaik, yang sayangnya tidak sering muncul dengan sendirinya.
PZ Wolfe Waves merupakan indikator wolf wave yang sangat baik karena dapat mendeteksi pattern wolf wave di semua chart, tidak mengalami repaint, menampilkan top up alert, sound dan push email. Untuk mempelajari apa itu wolf wave strategi, dapat membuka link ini agar kita tidak bingung dalam penggunaan indikator PZ Wolfe Waves.
Friday, June 8, 2018
ZuluTrade adalah sistem autotrading (copy trade) dalam forex/gold yang mempertemukan 3 pihak yakni Trader Investor, Signal Provider (penyedia signal) dan Brokersdalam suatu layanan
Sederhananya si Trader Professional (Signal Provider/SP) membuka posisi pada accountnya, kemudian broker mengcopy posisi si penyedia SP ke account investor dan kemudian account si investor akan membuka posisi persis sama seperti SP secara otomatis tanpa perlu campur tangan trader investor.
Zulutrade berdiri tahun 2006 dan saat ini mempunyai transaksi sebesar 100 Billion USD pada tahun 2009 serta mempunyai lebih dari 2000 signal providers baik manual/robot, 30.000 live account, 15.500 traders dimana perkembangan live traders setiap tahun mencapai 400%.
Dengan sistem autotrading Zulutrade, anda bisa mendapatkan potensi profit hingga 20% lebih. Menarik bukan?
ZULUTRADE sangat berguna bagi seseorang yang ingin berinvestasi forex, namun tidak mengerti tentang forex.
Namum demikian “everything should be made as simple as possible, but not simpler”. Anda perlu berhati-hati & perlu berkonsultasi dengan AUTOTRADE SYSTEM PLANNER untuk menggunakan sistem ini. Jangan sampai anda salah, bukan profit yang didapat tetapi malah loss.
BAGAIMANA LANGKAH MEMULAI ZULUTRADE?
Jika anda seorang pemula anda dapat menggunakan fasilitas FREE Signal Zulutrade, hal yang perlu anda lakukan adalah :
- Mendaftar pada BROKER FOREX (kami merekomendasikan broker Weltrade dan Landfx) atau anda bisa klik salah satu icon Live Account atau Demo Account
- Memilih signal pada SIGNAL PROVIDER ZULUTRADE( Ada pada member area). Rekomendasi kami adalah provider signal Moky23ciledug, OdetGelo61 atau Xonetraderclub karena dikelola oleh trader berpengalaman
Melakukan setting jumlah lot yg digunakan pada SIGNAL PROVIDER ZULUTRADE ( Ada pada member area).
Hanya dengan 3 LANGKAH mudah memulai zulutrade dan memiliki Account Online Forex dan berinvestasi dengan cara yang aman!
Super Forex Launcher dapat digunakan dalam timeframe apa pun tetapi timeframe M1 tidak disarankan karena terlalu berombak dalam grafik 1 menit. Timeframe M15 dan lebih tinggi yang direkomendasikan. Anda dapat menggunakannya dengan pair apa pun. Ingat bahwa Super Forex Launcher berkinerja lebih baik di market yang sedang tren jadi pastikan bahwa pasar sedang tren untuk mendapatkan hasil perdagangan yang lebih baik dengan Super Forex Launcher. Jika Super Forex Launcher dipasang dengan benar di MT4 Anda, grafik Anda akan terlihat seperti ini:
- TRD: Indikator TRD adalah informasi berharga yang dapat Anda lihat di sudut kanan atas grafik Mt4 Anda. Akan ada informasi tentang apa yang harus dilakukan yaitu apakah Buy atau Sell. Dalam contoh di atas tertulis bahwa hanya mengambil perdagangan Short yang berarti Anda harus posisi Sell pada situasi tersebut.
- Launcher Directional: Launcher Directional: adalah indikator utama, Sebenarnya ini bukan indikator. Ini hanyalah kombinasi dari beberapa garis tren yang diatur dalam Channel.
- Market Information: di sudut kiri atas mt4 Anda, Anda dapat melihat indikator Launcher yang akan memberi Anda banyak informasi. Di sana Anda dapat menemukan informasi seperti –harga, volume, Sell, buy, dan stop loss
- Launcher Directional: Launcher Directional: adalah indikator utama, Sebenarnya ini bukan indikator. Ini hanyalah kombinasi dari beberapa garis tren yang diatur dalam Channel.
- Market Information: di sudut kiri atas mt4 Anda, Anda dapat melihat indikator Launcher yang akan memberi Anda banyak informasi. Di sana Anda dapat menemukan informasi seperti –harga, volume, Sell, buy, dan stop loss
Kondisi Buy Dalam Penggunaan Super Forex Launcher
- Tren utama harusnya naik
- Anda harus melihat harga konsolidasi diantara channel
- Indikator TRD harus menunjukkan "Take only Long Trades".
- Buy saat harga turun untuk menyentuh garis tren channel yaitu di titik terendah.
- Tempatkan Stop Loss tepat di bawah swing low.
- Take Profit ketika harga naik menyentuh garis tren atas channel.
- Take Profit ketika harga naik menyentuh garis tren atas channel.
Kondisi Sell Dalam Penggunaan Super Forex Launcher
Peraturan Untuk Kondisi Sell adalah kebalikan kondisi buy
Thursday, June 7, 2018
Swing Trading adalah indikator pertama yang didesign untuk mendeteksi swing dari arah trend dam mendeteksi swing reversal. rasio profit dari menggunakan indikator ini adalah sekitar 80%.
Swing trading sebenarnya adalah salah satu gaya perdagangan terbaik bagi trader pemula untuk mendapatkan profit, tetapi masih menawarkan potensi keuntungan yang signifikan bagi trader menengah dan lanjutan.
Swing Trading memiliki beberapa keunggulan dibandingkan gaya perdagangan lainnya. Kebanyakan pedagang swing top menghabiskan 20 atau 30 menit pada hari di depan komputer dan tidak ada yang lain, yang cukup untuk memperbarui posisi mereka dan menemukan peluang yang baru. Sangat cocok untuk orang yang memiliki pekerjaan siang hari, karena menawarkan jumlah pengembalian terbesar untuk jumlah waktu yang paling sedikit.
Trend Trading indikator yang dirancang untuk mendapatkan keuntungan sebanyak mungkin dari tren yang terjadi di market,, baik sedang pullbacks dan breakouts.
Trend Trading indikator menganalisa kualitas yang terdiri scanner multi-simbol mata uang and multi-timeframe. Juga tidak mengalami repainting dan memiliki alert untuk email/sound/visual alerts
Tuesday, June 5, 2018
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.
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.
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.
