Settings:
MACD 12,26,9 (default settings)
Stochastic 5,3,3 (default settings))
EMA 100 (Red) - Medium Trend
EMA 200 (Yellow) - Big trend

The strategy is like this:
After the big news arrived, the price will consolidation and when it touch the 50 EMA (30 Min Timeframe) or 100 EMA (1 hour Timeframe), it will going up or down based on the trend.

Let me give you some picture so you can understand:

Here example with EUR USD in 30M timeframe:

and here is what happen 15 minutes later:

Here example with AUD USD in 30M timeframe:

and here is what happen 15 minutes later:

There is some strict requirement before you’re going to trade:

1. Trade AFTER ALL news for these pair is completed
2. You can wait for MACD confirmation to cross before going to trade
3. Make sure Stochastic is going down

You won’t get hundred pips but WHEN the price bouncing with 50 EMA, the profit usually around 30 to 40 pips from the peak candle, and WHEN bouncing with 100 EMA (1 hour timeframe), the price usually bounce to max 70 pips from the peak candle. You have to wait and patience after making the trade, and set the stoploss to 25 to 30 pips. This strategy give me 96% winning trades, 4% loss because the trend is too weak.

Sometimes i also use this strategy to go into the trend, just dont forget to set the stoploss regularly.

If the trend is strong, usually i take profit with 30 pips.. wait for the retracement with fibonacci, then when its going to up/down again i get into the trade again then after it made profit i set the Trailing Stop (fire and forget, then you can go to sleep) but it’s too risky.

By Riki Risnandar

Bouncing EMA is a post from: Forex Trading System

Here are the rules:

1. Wait for the Candle to Close outside Kumo Cloud
2. During Next Candle, place a Pending Order at the Closing Price of last candle
3. Place the Initial SL below the Kumo Cloud
4. Enjoy your trade as long as the price is above Kumo Cloud (for Bullish trades, price should be below Kumo Cloud for Bearish Trades)
5. Watch out for Heikin Ashi Doji Candle
6. Once you’ve a Doij (Closed) candle, move your SL at the LOW of that Doji Candle
7. If the DOJI is validated, the LOW should be taken out during the next few candles and your profits will be booked
8. If the DOJI wasn’t validated (as it happened at Point 2 in our chart) your trade will continue
9. Keep looking for New DOJI candles and move the SL at the LOW of new DOJI Candles (notice how our profit was booked at Point 3)
10. Same procedure applies in reverse form for a Short Selling Trade

By Asher

How To Trade With Ichimoku + Heikin Ashi is a post from: Forex Trading System

Basic info: Enter a buy trade when the CCI line crossed the -100 mark, and the stochastics cross sooner or later, and the EMA-MVA cross sooner or later. Do the opposite for sell trades. Sell when the CCI line crosses the 100 mark……

This is a leading strategy, so it may give some false signals. Otherwise, its one of my best.

By Mennzz

Leading Trading Strategy is a post from: Forex Trading System

Note 2: MSH(Market structure high), MSL(Market structure low).

Note 3: entry must be in double lot.

EXPLANATION:

Zigzag indicator shows the resistance and support levels clearly with no need for any horizontal lines drawing and thats better for eyes clairvoyance.

Equidistant channels shows the recent behavior for the price and its borders plays an important role in supporing and resisting.

EMA(55) and EMA(200) plays usually an important role in supporting and resisting on four hours chart.

MSH and MSL are trend reverse patterns where MSH appears during an uptrend when the price candle or bar makes two higher highs(a,b) before making a lower high(c) due to a lack in bullish momentum and MSL appears during a downtrend when price candle or bar makes two lower lows(a,b) before making a higher low(c) due to a lack in bearish momentum.

The system idea pith is that we will wait for a MSL or MSH pattern near these support-resistance levels to enter the market with an entry order (Sellstop or Buystop)

If entry orders (buystop or sellstop) are not triggered and a new low or high appeared this will invalidate them, so delete. Trades will be entered also if MSH and MSL were not near a support or resistance level but in caution where no support-resistance barrier is in our way and only if the patterns are included in at least 4 candles or bars formation.

Buystop order = high of c+5 pips
Sellstop order = low of c-5 pips

The entry must be in double lots where the stop is below b by 10 pips and target1=stop and target2=stop*2 where stop is moved to breakeven when target1 hit (Use trailing stop).

1: MSL is near zigzag peak but order is invalidated as the last low(b) is broken.
2: Invalid pattern as we have MSH according to 2 candles only.
3: Same as 2.
4: Valid MSL on EMA(55).
5: Invalid MSH as EMA(55) is a barrier infront our trade.
6: Valid MSL although we are not near a support area because of a presence of 4 candles and as we have no barrier infront of our trade.
7: Valid MSH for same reasons as 6.
8: Valid MSL for same reasons as 7 and 6.
9: Valid MSH for same reasons as 8,7 and 6.
10: Valid MSL for it is at the lower border of an equidistant channel.
11: Invalid MSH for we have a support barrier infront our trade which is the lower border of the equidistant channel.
12: Valid MSH as it is at resistance level.

By Mohamad Mounzer

Mounzer Forex Stress Free system is a post from: Forex Trading System

It utilizes Dual time-frame Momentum and EMA Crossovers on a 5 Minute Chart and is best suited to trade Nifty Futures, though any stock can be traded with this system over any time frame.

Coming to the actual system now, the following is required for a long position to be initiated:

Entry Strategy

1. In the 30 Minute Chart, the Stochastic should be bullish.
(That is, the fast stochastic line should have crossed over the slow line. It does not matter how long ago the crossover took place, it should just be above the slow line and should be going upwards).

2. In the 5 Minute Chart, the Stochastic should be bullish as well.
(Fast stochastic line should have crossed over the slow line and should be moving upwards. It should not be in overbought condition yet, that is, it should not have crossed 80 yet).

3. The 5 Period EMA crossed over the 13 Period EMA from below and moves upwards.

When all three conditions are met, we buy, placing stoploss at the low of the last bar or the bar to the left of the last bar, whichever is lower.

Stochastic Setting is 8,3,4 for this system.

Exit Strategy

1. When fast Stochastic reverses from it’s upward move, curves downwards and crosses the slow line from above, sell half of the units.

2. If the next bar goes below the low of the previous bar, exit completely, otherwise keep a tight trailing stoploss and enjoy the continuing bull market

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The second point of the exit strategy might seem confusing, but it is there as in a trending market, the stochastic might reverse while the market is still going up, so we do not exit completely on stochastic reversal as we do not want to miss out on the rally.

But if the next bar goes below the previous bar (where we have exited half), it is confirmed that there might be a reversal, though short term, but we exit with the profits we have.

I tend to avoid taking positions if the crossover is near an important support or resistance level.

For going short, the exact opposite of the above rules is used.

Thats it! I have been following this and making around 50 points everyday.

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Overall profit of around 50-55 points after removing brokerage and slippage.

By Arsalan

EMA Cross and Stochastic is a post from: Forex Trading System

Today 25th November 2009 8:00pm i will be using GBP/USD as a good example

Before you read further please review this risk warning:

“Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”

TRADING PLAN

CURRENCY PAIR: ANY

INDICATORS: SIMPLE MOVING AVERAGES (20,50 AND 100 PERIODS)
ADX 14 PERIOD

TIME FRAME: 15MIN (SPECIAL THANKS TO PETER BAIN FOR THIS INSIGHT)

SAMPLE PLATFORM: MT4 (FXDD.COM) with this you can check the broker time and adjust with your broker’s time.

SETUP: YOUR CHART SHOULD LOOK LIKE THIS

Every trader knows that the market is all about TREND DIP AND RALLY. The moving averagies will give us the picture of the general intraday trend and i introduce the ADX to help enter the market at a good strength posible to give high probability entries.

UPTREND: This begin when price moves from below the whole of the moving averagies and closes above

DOWNTREND: This begin when price moves from above the whole of the moving averagies and closes below

MARKET GOOD STRENGTH: You have a good strength when the ADX increasies from below the 20 level to above 20 level in an up or down trend. Please note that ADX must be progressively increasing from below 20 to above 20.

ENTRY:

In an uptrend, if ADX is rising and its above 20 at the time of spotting the uptrend, then ur entry is few pips above the closed 15min candle. If ADX was not rising, then wait for it to go below 20level and make increasing value to above 20, then few pips above the 15min candle is your entry for BUY

In an downtrend, if ADX is rising and its above 20 at the time of spotting the downtrend, then ur entry is few pips below the closed 15min candle. If ADX was not rising, then wait for it to go below 20level and make increasing value to above 20, then few pips below the 15min candle is your entry for SELL.

EXIT:

Fibonacci is my good tp and sl tool, you can adopt any other support and resistant tool

By James

Trend And Strength (Intra-Day) is a post from: Forex Trading System

If you can take a robust Daily chart set up & combine it with easily identifiable intra-day signals, you can more readily manage your trades & team them up with common time zone volume (activity) uptake.

The majority of the days Forex volumes are undertaken during London business hours.
2-3.00am eastern will usually signify a noticeable increase in currency activity & will generally continue into early morning New York business (7-10.00am eastern) before tailing off as the London business day, & the large volume order blocks, fizzles out.

Linking intra-day trades with the above Daily timeframe strategy, as London gears up for business, can offer excellent low risk opportunities on a very consistent basis.

It doesn’t take but a few minutes at end of day, & again first thing in the morning, to scroll through the selection of pairs & identify follow-on trades.

By executing smaller timeframe trades in the direction of the larger timeframe trend, you stack the odds a little more firmly in your corner.

The opportunities are plentiful across the various pairs. This EUR/GBP set up being a classic example:
Daily bars trending up in uniformed manner
Trigger bar trading above the 5sma
RSI above 50

On the shorter timeframe (in this example the 15 minute chart), mark up the chart to focus the London open & ensure any potential trade is executed on the ‘long side’ preferably on or around a breakout of a prior high, or a pullback in line with a confirming price aid, such as a stochastic or rsi hook.

Combination Strategies is a post from: Forex Trading System

Today’s system: reveals how to use CCI indicator to know where to pull the trigger and launch aggressive price chasing.

The idea is actually pretty simple, like all good ideas: we need to figure out when price gets “carried away” in a rapidly developing momentum and from that point we’ll be looking to aggressively protect our gains while giving the market a chance to progress till it runs out of steam and inevitably reverses.

To illustrate the strategy I’ve chosen 15 min EURUSD and 30 CCI.
Please don’t ask me, what would be the best settings for other pairs and other time frames, because like you, I don’t know :).

It can be figured out, however, quite easily with a few minutes work on any selected frame and pair. I encourage you to experiment! If you find a good combination, share it with other trader here. Thank you!

Back to the point now:

On the screenshot below let’s first take a look at Parabolic SAR (0.1, 0.1). In this example it represents a regular trailing stop trading: a trader simply places a trailing stop behind each new SAR dot, until finally the stop is hit.

Now we move to CCI.
We are interested in CCI when it goes above 100 (overbought) and below -100 (oversold). Before that we happily trail our stop with whatever indicator we have, in our example it is a Parabolic SAR.

So, after opening a trading position we are trailing our stop with SAR indicator, but then later there is a signal from CCI -> CCI hits 100/-100 mark. We react to it by abandoning our old trailing stop method/indicator and instead introducing a candle by candle trailing as illustrated on the screenshot above. Circled in purple are the moments when we switch from trailing stops by SAR to trailing stops by candlesticks (e.g. behind each newly closed candlestick). We do so candle by candle till we get stopped out.

That’s it. We get stopped. There will be a new trade, another stop trailing until CCI signals that its time to limit risks and protect profits if any.

This exit strategy prevents emotional trading, stop guessing and other fears related to protecting profits while letting a trade run. It shows how to control the situation when market accelerates and/or prepares to reverse.

Happy trading!

By Edward Revy

Exit strategy (Tight stop timing with CCI) is a post from: Forex Trading System

Im Nick and i am pretty new to trading and have only been trading demo accounts so far and have found this site very helpful so thanks Edward and team.

I would like to share an idea for a system and get some feed back and hopefully people will forward test it if they think it is worth while.

basically the idea is you trade the break out off the hourly bar witch closes at 7am on a day after where an pin reversal bar has occurred on a daily chart ,this idea came about because i was trying to find a better risk/reward than placing the stop loss at top off pin bar

Pin Reversal Bar is a post from: Forex Trading System

What we are going to show here is the use of Envelopes, which form trading bands. The particular trading bands we are going to use will be based on exponential moving averages. This will help us form a method to trade. This is basically an intraday strategy, which works well on the 10min/15min time frame.

Envelopes are used to indicate the trading range of a given market above and below an average price. Basically, moving average envelopes or trading bands are calculated by taking a moving average and calculating upper and lower trading bands as a fixed percentage above and below the moving average respectively.

These are considered to suggest extreme overbought or oversold conditions. The assumption is that, price should not deviate from the average of the underlying price element (high or low) by the percentage utilized.

They differ from Bollinger bands, since Bollinger Bands place boundary lines based on standard deviation, whereas envelopes place lines at fixed percentage points above and below a moving average line. The upper and lower limits specify entry and exit points for traders.

But, instead of using them to indicate overbought or oversold conditions, we will attempt to create a narrow trading range and base the rules for this method on this narrow band. We will keep our settings for the Trading Bands as (40, 0.30)

This means you have a band of two moving averages of 40, with a fixed percentage of 0.30 above and below. We then use another Exponential moving average with a setting of 15. The additional moving average is to help identify when the market is beginning to trend.

The first rule is - do not enter a trade when the price is within the band. A trade is signaled only when the price moves outside the band. The general policy is to go long when the price is above the band, and to go short when the price is below the band.

The second rule is for confirmation - don’t trade when the 15 exponential moving average is flat. Only trade when the 15 exponential moving average starts rising or falling in the direction of the trade.

This method keeps you out of the market when there is consolidation, which means more chances of getting whipsawed.

The chart below, clearly shows that price was within the band for the first part of the chart and entering a trade here would have got you whipsawed. As a matter of fact, the EUR/USD was in a major uptrend on the daily charts at this time and this method gave us a precise point to enter the trade on a lower time frame.

Chart Points

The red line is where the market was in consolidation. The market then began to rise slightly and the 15 exponential moving average also began to rise - this is the set up.

Even though the market was set up for a trade, the safe play was to wait for 15 exponential moving average to start to trend and for the price to be well above the bands.

The market then pulled back forming resistance. This resistance area is what we are looking for. A break of the resistance is the final confirmation that we have a high probability trade.

The entry is made on a breach of the previous resistance with an initial stop just below the support area that formed.

By Suniiel A Mangwani

Envelopes Trading is a post from: Forex Trading System