Good evening everybody
plz do not criticize my write cause English is not my mother language , i am sorry
My name is Fadi and this is my first participation, hope to be useful for all of you especially for whom facing troubles in gaining money in this bloody market.
I am a banker so I am not a free time trader, but I do well in this market thx Jesus
I have been in this market since 2004; and I have discovered & created many strategies, digital, classic & swings.
I am going now to explain my new trading method , it is simple easy & useful for all , I do not use indicators and I do not like it , I do believe that professionals charts always empty & clear .
Pairs: All currencies & pairs
Time frame: daily
Chart type: Candlestick
How to use:
- Before end of each day we open the daily chart for all pairs.
- If we have found two successive bullish candles followed by bearish candle which closed lower than the previous candle's open price then we go short.
- If we have found two successive bearish candles followed by bullish candle which closed higher than the previous candle's open price then we go long.
- Ignore long candles even if it is match the requirements.
- We stop the position if the price closed higher or lower than the last candle depending on the position .
- The targets is personal diligence and you can use any way you feel comfortable with , subject to be acceptable and convenient with the stop.
The following example has several cases , 3 short & 3 long all were succeed , in the last buy case the candle was closed with a long candle however it has been ignored it to avoid high stop but we put pending buy order in the previous candle tail (Blue color)
The stop (sell):
In the following example has 8 cases , 4 buy all succeed and 4 sell two of them hit the stop.
Closing above the blue line mean stop and you can reverse the position but you should first study pair behavior .
Finally i hope all of you got the idea and apologize for my bad English.
this is the Arabic edition
"And you will discover that the way to success was in front of your sight all the time , but you were not able to see & discover this simple secret"