Dear Forex Trader
(Life Trading)
2-Tube Trading is the Multiple Time Frame Trading with the CCI-Indicator & the Pivotals created by an advanced level Trader. You can put more indicators in it. Feel free to do so. For me as a professional A-Trader the CCI is like an aspirator tube of all the noises in the Forex Market and I feel excellent with it when comparing over different time frames. I don't trust trading systems basically and like more to take a look at the market structure where I can get an impression when cycling through the time frames. If the market seems for me instable I like to stay on the sideline and wait and I have the psychological power to do so. For the theoretical basics and many practical trading examples see the "TASAYC"-Sytem, please: http://www.forexfactory.com/showthread.php?t=325369, and a brief summary, see p.12, #178, please. (Further Examples you could get under "Time Cell Trading" http://www.forexfactory.com/showthread.php?t=249257).
CCI
So it really simplifies things. Then if you carefully look at some of his patterns (e.g. the tops & the bottoms or the zero-line reject), you notice something. All those patterns show fundamentally sound trading opportunities in the price action (due to support and resistance concepts usually). I recommend using the CCI indicator with the Pivotals, MTFA (and the price action). That's it.
Be aware
Despite the nonexistence of the magic formula there are certainly high probability ways of trading the forex market. At FF the most comments are focused on the Method part, but you need to combine Method with both Money and Mind in order to attain success in the trading business.
To reach for the stars?
This thread hasn't the intention to get hold of the Holy Grail, whether it truly exists or not. A lot of traders seek the perfect formula that is capable of predicting with 100% accuracy the future price movements. Want to know where it lies? It only exists in the creative part of the mind - together with fairies and gnomes.
Experienced Trader's Success?
I believe that an important factor of trading success lies in the matching of Method with the trader's own personality and trading style. I will give practical examples here and there of my Method, my personality and my trading style when I have the time and the love to do it. For Beginners: Look also at "25 Rules of...", p.80, #1198;
Disclaimer:
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. Trading rules and traded orders may be subject to interpretation. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk. Use the ideas and/or modify them to suit your trading style. I recommend testing your trading system on demo account before investing real money.
Planned risk levels may be increased dramatically under extreme market conditions.
You could attend this trading mass if you like it - if not keep moving!
Kindest regards
FXcube
Basics of Forex - Theoretical Foundations
http://www.babypips.com/school/
http://forex-strategies-revealed.com/
http://stockcharts.com/help/doku.php?id=chart_school
Helpful Tools & Links
Correlation Table: http://www.forexticket.co.uk/en/tool...1-correlation;
Pivotals: http://www.actionforex.com/markets/p...2010040848154/;
Time Zone, p.17, #254;
Templates & Indicators
3-Indicator-Template, White, 3-indicator-template, white.tpl, PivotsD_v5.mq4, 123PatternsV6.mq4, 123Alarms.mq4, p.1, #13;
7-Indicator-Template, White, 7-indicator-template, white.tpl, (CCI, EMA8, EMA21, EMA55, SMA200, 123PatternsV6, Pivotals), p.5, #67;
10-Indicator-Template, black, 10-indicator-template, black.tpl, (..., Advanced ADX, wellxAMA, TEMA, iPanel-Indicators, Road Blocks), p.12, #179; Clear Template, clear.tpl, p.15, #217; 6-Indicator-Template, 6-indicator-template.tpl, (...,TEMA-RLH, TSR-Ranges-5Digit, BB), p.15, #219; 7-Indicator-Template, 7-indicator-template.tpl, (...Advanced ADX14), p.15, #221; S-14I-Template, s-14i.tpl, p.18, #257; S-8I-Template, s-8i.tpl, p.18, #260; S-3I-Template, s-3i.tpl, p.17, #270; S-I14-Template, s-i14.tpl, p.24, #354,-#357;
Templates & Indicators from FF-Members
"bfree", DRBobCCI !!!.mq4, TriCCI_Woodies.mq4, ACC+BAL+MARG-INDI.mq4, p.133, #1992; SL+TP-OE PIP CALC INDY-V2.mq4, p.133, #1993;
Reading Tip
p.2,#26;#29;p.3,#34;#35;#36;#48;#57;p.5,#69;#75;p.6,#79;#82;#88;#89;#90;p.7,#91;#103;p.9,#135;p.10,#137;#138;#143;#144;p.12, #167;#178;p.14,#210;p.16,#239;p.18,#261;#270;p.20,#286;#288;#289;p.22,#316;#319;p.28,;;;;;;; ...under way!, p.68,#1016;p.72,#1073;#1075;p.76,#1126;p.94,#1404; p.105,#1561;
Constitutive Ideas
Constructive inputs with new ideas and EAs/Indicators(Scripts
"Hatzerim", CloseAll.mq4, p.14, #196; Trailing Stop EAs for MT4 - Link, p.14, #197; "dryclean", Delete all Pending.mq4, p.14, #203; "Forexcube", PriceAlert.mq4, p.16, #229; "Sandovich", ToR_1.20.mq4, xppivotalerts.mq4, p.20, #287; "dryclean", 1-Click Buy.mq4, 1-Click Sell.mq4, p.22, #323; "dryclean", [EA]Go2SamePoint.mq4, p.22, #329, p.68, #1019; "jth", tradeduplicator.zip, p.35, #514; (The same, p.48, #718, Attachment, #720, p.50, #741; How to Install: p.51, #752); (MasterYoda, another Client Version: TradeDuplicatorClient.mq4, p.50, #744); "dryclean", p. 52, #771 (#774 , UpdateStops.mq4, #775); "dryclean", i-Profittracker.mq4, p.55, #812 (see Image: p.55, #809); "MasterYoda", p.63, #931, #932; "dryclean", p.63, #933; "dryclean", MTF_Fractals.mq4, p.78, #1163; "rbetancor", p.67, #1167; "astock", usdx, p.80, #1199;
Cordial thanks!
Forex Articles & Links
Forex Double Top Chart Pattern, p.1, #10; Forex Trading - Scalping, Swing Or Position?, p.2, #16; Can Forex Be Dangerous?, p.4, #56; Forex Market Hours, p.5, #66; Money Management-Link, p.27, #394,#395; Exit Strategies-Link, p.27, #396,#397; ECN Broker, p.27, #400,#401,#403; The 6 Most-Traded Currencies And Why They're So Popular, p.48, #713; Commodity Prices and Currency Movements, p.72, #1077; "Do The Right Thing" For Trade Breakouts, p.91, #1357; Timing Trades With The Commodity Channel Index, p.91, #1359; Complex trading system #8 (CCI Divergence Breakout), p.94, #1401; CCI Forex Floor Trader System, p.94, #1402; Forex Strategy "EMA + Laguerre + CCI", p.99, #1472; Scalping Forex Strategy, p.99, #1473, #1474, #1475; Forex Strategy Trend Line + CCI Divergence, p.99, #1477; A Beginner's Guide To Scalping In The Forex Markets, p.132, #1978; Tough Lessons on Money Management in Forex Trading, p.139, #2071; 5 Forex Day Trading Mistakes To Avoid, p.140, #2092; 10 Ways To Avoid Losing Money In Forex, p.140, #2093; "Do The Right Thing" For Trade Breakouts, p.151, #2265;
E-Books
The 25 Point Mantra, p.12, #167; Trend Forecasting With Technical Analysis, p.12, #168; Make The Trend Your Friend In Forex, p.12, #169; Forex Books - Link, p.12, #170; Money Management Forex Books, p.27, #398, #399; Journals, Link, p.60, #891;
LOM
Are you here because the market have humbled you more times than you care to remember? If so, read LOM, please. Are you here because you need to change the way you behave relative to the action you see in the markets? In this case read, LOM, again, please.
Loss Order Management (LOM), p.3, #35, #36; LOM-Example, p.26, #384; MM/LOM, p.27, #392; LOM or Stop Loss?, p.53, #781; Example, p.145, #2167;
LTT - PO
Long/er Term Trades - & LTT Pending Orders - Approximate Values
NZDUSD,p.5,#63; USDCAD,p.5,#64; USDDKK,p.5,#65; EURTRY,p.5,#66; GBPAUD,p.5,#67; USDCZK,p.62,#918; AUDNZD,p.72,#1076, p.73, #1082; USDJPY, p.101, #1503; EURUSD, p.103, #1539; EURUSD, p.104, #1546; USDDKK, p.104, #1550; USDINR, p.122, #1814;
LTT - PO are outsourced at 2012 Mai 22, p.121, #1815, see http://www.forexfactory.com/showthre...=1#post5688365, please.
MQL4
PipPoint function, p.119, #1776; Trailing Stop - Buy Market Order, p.131, #1962;
Music
p.66, #983; p.129, #1928;
---
Demo Account
"100K-Client-Demo-Account", Beginning Date: 2012 March 26, History: 2012 March 29, Equity: 102'006.46$, Profit: +2'006.46$, (+2%), Target: 1% per Day, p.53, #790; Actual: see http://www.forexfactory.com/forexcube
***
FX Philosophy
Forex Trading is very risky and will help you to loose all your money fast and easy. Why?...if only because 95% loose his money at forex trading as they do what they are doing. If you have enough money at your account and a realistical money management and your account could be managed by patience, may be you've got a better chance not loosing all of your money after several years of experience... but don't be so green and be happy if you are winning some coins only sometimes. More risky settings could be focus if the market probabilities will be greater. The trading journal hasn't the intention to show investments with the highest likelihood and highest probabilities, it will be still extent in the jungle of the forex market with better chances for making a profit. The trading decisions are completely businesslike, hardheaded, unemotionally & pracmatical. That could be a reason for hedging the positions in ranging markets for several days or weeks sometimes, dependent from the timeframe you needed.
***
Real Accounts
("Swing Trade Accounts", Target: 0.5% per Day), Beginning Date: 2012 April 05, see p.60, #889; Trading Plan: p.62, #925; History: p.65, #967; 2012 April 10, p.66, #981; 2012 April 11, p.70, #1040; p.73, #1088; 2012 Mai 01: p.95, #1411;
Actual: 2012 Mai 07, p.101, #1514;
("Scalping Account", Target: 1.25 % per Day), Beginning Date: 2012 April 16, (*370.-$), see p.95, #1415; p.77, #1144; Trading Plan: p.77, #1143, corrected: p.118, #1758; MM-Concept: p.99, #1482; History: 2012 Mai 01, p.94, #1409; 2012 Mai 04: p.98, #1467; 2012 Mai 07, p.101, #1513; 2012 Mai 14, p.107, #1602; 2012 Mai 28, p.126, #1886; 2012 Mai 29, (*750.-$ 1st), p.127, #1895;
Actual: 2012 June 13, p.146, #2187;
-
Total: 2012 Mai 24, p.124, #1850; History: 2012 Mai 02, p.95, #1412;
Closed Accounts
Accounts will be closed when they have crossed the 50%-Profit-Limit or more (max.200%).
Deposit: 5'000.-$, Beginning Date: 2012 February 29, Closed at 2012 March 08, Equity: 7'533.20$, Profit: +2'533.20$, (50% within 8 Trading Days!), Profit Trades: 781, Loss Trades: 1, History File, see p.11, #164;
Deposit: 500'000.-$, Beginning Date: 2012 March 04, Closed at 2012 March 13, Equity: 1'054'157.71$, Profit: +554'157.71$, (110.8% within 2 Weeks!), Profit Trades: 721, Loss Trades: 1 ; p.17, #247;
___
This thread was closed at 2012 June 18, see p.153, #2289;
_____
Label:
LOM = Loss Order Management; LT = Life Trading; LTT = Longer Term Trade; STT = Shorter Time Trading; MTFA = Multiple Time Frame Analysis; PO = Pending Order; S = Scalping; ST = Swinging Trade; 1/10 = 0.1 Lot; SL = Stop Loss, TS = Trailing Stop
(Life Trading)
2-Tube Trading is the Multiple Time Frame Trading with the CCI-Indicator & the Pivotals created by an advanced level Trader. You can put more indicators in it. Feel free to do so. For me as a professional A-Trader the CCI is like an aspirator tube of all the noises in the Forex Market and I feel excellent with it when comparing over different time frames. I don't trust trading systems basically and like more to take a look at the market structure where I can get an impression when cycling through the time frames. If the market seems for me instable I like to stay on the sideline and wait and I have the psychological power to do so. For the theoretical basics and many practical trading examples see the "TASAYC"-Sytem, please: http://www.forexfactory.com/showthread.php?t=325369, and a brief summary, see p.12, #178, please. (Further Examples you could get under "Time Cell Trading" http://www.forexfactory.com/showthread.php?t=249257).
CCI
So it really simplifies things. Then if you carefully look at some of his patterns (e.g. the tops & the bottoms or the zero-line reject), you notice something. All those patterns show fundamentally sound trading opportunities in the price action (due to support and resistance concepts usually). I recommend using the CCI indicator with the Pivotals, MTFA (and the price action). That's it.
Be aware
Despite the nonexistence of the magic formula there are certainly high probability ways of trading the forex market. At FF the most comments are focused on the Method part, but you need to combine Method with both Money and Mind in order to attain success in the trading business.
To reach for the stars?
This thread hasn't the intention to get hold of the Holy Grail, whether it truly exists or not. A lot of traders seek the perfect formula that is capable of predicting with 100% accuracy the future price movements. Want to know where it lies? It only exists in the creative part of the mind - together with fairies and gnomes.
Experienced Trader's Success?
I believe that an important factor of trading success lies in the matching of Method with the trader's own personality and trading style. I will give practical examples here and there of my Method, my personality and my trading style when I have the time and the love to do it. For Beginners: Look also at "25 Rules of...", p.80, #1198;
Disclaimer:
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. Trading rules and traded orders may be subject to interpretation. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk. Use the ideas and/or modify them to suit your trading style. I recommend testing your trading system on demo account before investing real money.
Planned risk levels may be increased dramatically under extreme market conditions.
You could attend this trading mass if you like it - if not keep moving!
Kindest regards
FXcube
Basics of Forex - Theoretical Foundations
http://www.babypips.com/school/
http://forex-strategies-revealed.com/
http://stockcharts.com/help/doku.php?id=chart_school
Helpful Tools & Links
Correlation Table: http://www.forexticket.co.uk/en/tool...1-correlation;
Pivotals: http://www.actionforex.com/markets/p...2010040848154/;
Time Zone, p.17, #254;
Templates & Indicators
3-Indicator-Template, White, 3-indicator-template, white.tpl, PivotsD_v5.mq4, 123PatternsV6.mq4, 123Alarms.mq4, p.1, #13;
7-Indicator-Template, White, 7-indicator-template, white.tpl, (CCI, EMA8, EMA21, EMA55, SMA200, 123PatternsV6, Pivotals), p.5, #67;
10-Indicator-Template, black, 10-indicator-template, black.tpl, (..., Advanced ADX, wellxAMA, TEMA, iPanel-Indicators, Road Blocks), p.12, #179; Clear Template, clear.tpl, p.15, #217; 6-Indicator-Template, 6-indicator-template.tpl, (...,TEMA-RLH, TSR-Ranges-5Digit, BB), p.15, #219; 7-Indicator-Template, 7-indicator-template.tpl, (...Advanced ADX14), p.15, #221; S-14I-Template, s-14i.tpl, p.18, #257; S-8I-Template, s-8i.tpl, p.18, #260; S-3I-Template, s-3i.tpl, p.17, #270; S-I14-Template, s-i14.tpl, p.24, #354,-#357;
Templates & Indicators from FF-Members
"bfree", DRBobCCI !!!.mq4, TriCCI_Woodies.mq4, ACC+BAL+MARG-INDI.mq4, p.133, #1992; SL+TP-OE PIP CALC INDY-V2.mq4, p.133, #1993;
Reading Tip
p.2,#26;#29;p.3,#34;#35;#36;#48;#57;p.5,#69;#75;p.6,#79;#82;#88;#89;#90;p.7,#91;#103;p.9,#135;p.10,#137;#138;#143;#144;p.12, #167;#178;p.14,#210;p.16,#239;p.18,#261;#270;p.20,#286;#288;#289;p.22,#316;#319;p.28,;;;;;;; ...under way!, p.68,#1016;p.72,#1073;#1075;p.76,#1126;p.94,#1404; p.105,#1561;
Constitutive Ideas
Constructive inputs with new ideas and EAs/Indicators(Scripts
"Hatzerim", CloseAll.mq4, p.14, #196; Trailing Stop EAs for MT4 - Link, p.14, #197; "dryclean", Delete all Pending.mq4, p.14, #203; "Forexcube", PriceAlert.mq4, p.16, #229; "Sandovich", ToR_1.20.mq4, xppivotalerts.mq4, p.20, #287; "dryclean", 1-Click Buy.mq4, 1-Click Sell.mq4, p.22, #323; "dryclean", [EA]Go2SamePoint.mq4, p.22, #329, p.68, #1019; "jth", tradeduplicator.zip, p.35, #514; (The same, p.48, #718, Attachment, #720, p.50, #741; How to Install: p.51, #752); (MasterYoda, another Client Version: TradeDuplicatorClient.mq4, p.50, #744); "dryclean", p. 52, #771 (#774 , UpdateStops.mq4, #775); "dryclean", i-Profittracker.mq4, p.55, #812 (see Image: p.55, #809); "MasterYoda", p.63, #931, #932; "dryclean", p.63, #933; "dryclean", MTF_Fractals.mq4, p.78, #1163; "rbetancor", p.67, #1167; "astock", usdx, p.80, #1199;
Cordial thanks!
Forex Articles & Links
Forex Double Top Chart Pattern, p.1, #10; Forex Trading - Scalping, Swing Or Position?, p.2, #16; Can Forex Be Dangerous?, p.4, #56; Forex Market Hours, p.5, #66; Money Management-Link, p.27, #394,#395; Exit Strategies-Link, p.27, #396,#397; ECN Broker, p.27, #400,#401,#403; The 6 Most-Traded Currencies And Why They're So Popular, p.48, #713; Commodity Prices and Currency Movements, p.72, #1077; "Do The Right Thing" For Trade Breakouts, p.91, #1357; Timing Trades With The Commodity Channel Index, p.91, #1359; Complex trading system #8 (CCI Divergence Breakout), p.94, #1401; CCI Forex Floor Trader System, p.94, #1402; Forex Strategy "EMA + Laguerre + CCI", p.99, #1472; Scalping Forex Strategy, p.99, #1473, #1474, #1475; Forex Strategy Trend Line + CCI Divergence, p.99, #1477; A Beginner's Guide To Scalping In The Forex Markets, p.132, #1978; Tough Lessons on Money Management in Forex Trading, p.139, #2071; 5 Forex Day Trading Mistakes To Avoid, p.140, #2092; 10 Ways To Avoid Losing Money In Forex, p.140, #2093; "Do The Right Thing" For Trade Breakouts, p.151, #2265;
E-Books
The 25 Point Mantra, p.12, #167; Trend Forecasting With Technical Analysis, p.12, #168; Make The Trend Your Friend In Forex, p.12, #169; Forex Books - Link, p.12, #170; Money Management Forex Books, p.27, #398, #399; Journals, Link, p.60, #891;
LOM
Are you here because the market have humbled you more times than you care to remember? If so, read LOM, please. Are you here because you need to change the way you behave relative to the action you see in the markets? In this case read, LOM, again, please.
Loss Order Management (LOM), p.3, #35, #36; LOM-Example, p.26, #384; MM/LOM, p.27, #392; LOM or Stop Loss?, p.53, #781; Example, p.145, #2167;
LTT - PO
Long/er Term Trades - & LTT Pending Orders - Approximate Values
NZDUSD,p.5,#63; USDCAD,p.5,#64; USDDKK,p.5,#65; EURTRY,p.5,#66; GBPAUD,p.5,#67; USDCZK,p.62,#918; AUDNZD,p.72,#1076, p.73, #1082; USDJPY, p.101, #1503; EURUSD, p.103, #1539; EURUSD, p.104, #1546; USDDKK, p.104, #1550; USDINR, p.122, #1814;
LTT - PO are outsourced at 2012 Mai 22, p.121, #1815, see http://www.forexfactory.com/showthre...=1#post5688365, please.
MQL4
PipPoint function, p.119, #1776; Trailing Stop - Buy Market Order, p.131, #1962;
Music
p.66, #983; p.129, #1928;
---
Demo Account
"100K-Client-Demo-Account", Beginning Date: 2012 March 26, History: 2012 March 29, Equity: 102'006.46$, Profit: +2'006.46$, (+2%), Target: 1% per Day, p.53, #790; Actual: see http://www.forexfactory.com/forexcube
***
FX Philosophy
Forex Trading is very risky and will help you to loose all your money fast and easy. Why?...if only because 95% loose his money at forex trading as they do what they are doing. If you have enough money at your account and a realistical money management and your account could be managed by patience, may be you've got a better chance not loosing all of your money after several years of experience... but don't be so green and be happy if you are winning some coins only sometimes. More risky settings could be focus if the market probabilities will be greater. The trading journal hasn't the intention to show investments with the highest likelihood and highest probabilities, it will be still extent in the jungle of the forex market with better chances for making a profit. The trading decisions are completely businesslike, hardheaded, unemotionally & pracmatical. That could be a reason for hedging the positions in ranging markets for several days or weeks sometimes, dependent from the timeframe you needed.
***
Real Accounts
("Swing Trade Accounts", Target: 0.5% per Day), Beginning Date: 2012 April 05, see p.60, #889; Trading Plan: p.62, #925; History: p.65, #967; 2012 April 10, p.66, #981; 2012 April 11, p.70, #1040; p.73, #1088; 2012 Mai 01: p.95, #1411;
Actual: 2012 Mai 07, p.101, #1514;
("Scalping Account", Target: 1.25 % per Day), Beginning Date: 2012 April 16, (*370.-$), see p.95, #1415; p.77, #1144; Trading Plan: p.77, #1143, corrected: p.118, #1758; MM-Concept: p.99, #1482; History: 2012 Mai 01, p.94, #1409; 2012 Mai 04: p.98, #1467; 2012 Mai 07, p.101, #1513; 2012 Mai 14, p.107, #1602; 2012 Mai 28, p.126, #1886; 2012 Mai 29, (*750.-$ 1st), p.127, #1895;
Actual: 2012 June 13, p.146, #2187;
-
Total: 2012 Mai 24, p.124, #1850; History: 2012 Mai 02, p.95, #1412;
Closed Accounts
Accounts will be closed when they have crossed the 50%-Profit-Limit or more (max.200%).
Deposit: 5'000.-$, Beginning Date: 2012 February 29, Closed at 2012 March 08, Equity: 7'533.20$, Profit: +2'533.20$, (50% within 8 Trading Days!), Profit Trades: 781, Loss Trades: 1, History File, see p.11, #164;
Deposit: 500'000.-$, Beginning Date: 2012 March 04, Closed at 2012 March 13, Equity: 1'054'157.71$, Profit: +554'157.71$, (110.8% within 2 Weeks!), Profit Trades: 721, Loss Trades: 1 ; p.17, #247;
___
This thread was closed at 2012 June 18, see p.153, #2289;
_____
Label:
LOM = Loss Order Management; LT = Life Trading; LTT = Longer Term Trade; STT = Shorter Time Trading; MTFA = Multiple Time Frame Analysis; PO = Pending Order; S = Scalping; ST = Swinging Trade; 1/10 = 0.1 Lot; SL = Stop Loss, TS = Trailing Stop