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varun76 Aug 20, 2018 1:15pm | Post# 1

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IMPORTANT UPDATE ON INDICATORS AND TEMPLETS - Click Here

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Hello Dear traders, friends and any individual who come across this thread. My name is Varun M, I've been around this forum and the markets for quite some time now. I went rogue for past few months due to some personal issues but my trading has been intact. The reason for creating this thread is not small and hence I'd love if you could read it till the end to get acquainted with the kind of future posts, analysis, and other information that'll be updated.

The Journey...

I started trading 8 years back but even today when I look at charts it seems to be new as day 1, and just like any other skill the market has its own way to reward for our sincere efforts and punish when we boast, I believe the one who can master the art of balance leads a successful life. The journey has surely been filled with ups and downs but coming so far make me realize many things that I'd like to pass on to this community. My motive is clear and simple. I want to make people see things as they are and not complicate it with prejudice.

What is this thread all about?

For those who are new to this thread, you might wanna take a look at the other 2 previous threads that I started a few years back. (Link to Thread 1 , Thread 2). This thread is the continuation of the journey that was left. Even though this thread is a continuation but the resources and the information provided can be looked at as a fresh start and as you continue reading you'll come to know it all.

Before You trade, first you gotta have an idea about trading.

To my understanding, trading is not about the money but the trade itself, if you do it right money will just come along. By doing it right I mean at any given point of time you have to realize the trade you execute is based on the information that you've gathered, by doing top-down analysis, analyzing the risk involved, marking important levels and determining the key level of interest based on the confluence and only then executing a trade in favor of the direction that our analysis tells us will likely to yield very positive result and even if it does not, you'll be proud of yourself and it will reflect in another aspect of your life too. This is trading.

On the other hand, executing a trade purely based on your gut feeling, trying to overcompensate your losses with a major deal, neglecting the high risk involved and under the influence of impatience, greed, anxiety and much more can be labeled as gambling that you might wanna avoid.

My motive

In my life, I've sat with some greatest mind and every individual has his own way of reflecting oneself to this world, well my way is to connect with other individuals with a much deeper sense because everything else is man-made and what is not is to be known. with a spirit of togetherness, with a sense of not being alone, an individual can achieve great height of success that even the rest of the world will feel happy about it. I don't know if trading can set you free or not but surely if you trade with sincerity, your experience of life will change in a very positive way.

The System

Fx Dynamite is among the simplest yet powerful system you'll ever come across, it is not clouded with many indicators just a few to give an idea about the direction the trade should be headed. Here a few basic things to know, before we continue to the rules.

Timeframe - Smaller time frames are less reliable compared to the higher ones anything below 1hr, should be considered as reference and not for trading.

Top-Down Analysis - Before looking to execute a trade it is very important to do a sharp look at all the time frames starting from monthly all the way to an hour chart.

(LL's, LH's) and (HH's, HL's) - It is a very important aspect of this system, the market always indicates the direction it's moving by laying off
"Lower Lows, Lower Highs" and "Higher Highs, Higher Lows". More detailed information will be provided in the future charts.

Weekly and Monthly Levels - It is mandatory to be aware of the weekly and monthly levels, these levels are very accurate to determine entries and exits, price very often take a turn immediately touching these levels.

Divergence - A divergence often gives us a confirmation for a powerful swing trade. (More on this later)

Indicators - Like I said, the indicators are minimum comprising of 3 Simple Moving averages of 34, 55 and 200 periods respectively. Along with it we have a stochastic oscillator with a period of (10,3,3), You can also add MACD of your choice. I find these parameters to be very accurate. For weekly levels you can use any indicator available online for free, the one I've is copyright so can't share here. If you want it I can pass it on at no cost.

Money Management (Risk) - Do not complicate it, the best what works for me is 0.10 lots for every $1000 I'd call it moderate risk, 0.05 lots would be a great start for beginners, increase it only after some quality good time with this system.


How to trade with this system

Before I'd like to mention if you are starting out focus on short-term trades that last for a few days with experienced traders the choice is yours. There are no concrete rules because the situation is always different for every trade, you might come across some similar looking pattern but don't get fooled and jump straight to it.

The first thing we do is mark any major Trend Line, Support and Resistance starting from monthly to Daily, A trade setup is likely to appear on 4hr tf very often than on Daily when we get a LH after a LL in case of Short and vice versa. 1 hr TF can be taken to consideration to execute a trade when there is a clear break of the trend line holding the LH. I would recommend putting initial SL under the weekly support or over the weekly resistance, you could close it manually after some time if you don't find the trade working anymore.

The setup and entries are very well explained in my other two threads that I would recommend you for a precise visual look on the setups, entries and exits explained above. On this thread I'd explain it with live charts, most probably starting tomorrow.

The Secret

Everybody has a wise brain, we just depend on the dull one. Any system would give you a good return it all depends on what brain you use. Here is the bitter truth, may it be Forex or any XYZ that exists in this world the basic principles remain the same. Some are clever to do the right thing that is very obvious and they get results accordingly and some keep doing things that they know are wrong yet they blame their failures on anything but not themselves. A winning attitude is not created by being dull rather by taking actions and utilizing the resources with the best of their abilities. If you really wanna get good results you have to do things other people don't. If you are clever enough to figure this out the success is yours, my friend.


How much could one make with this system?

This holds the excitement of this entire system but I just want to give you a basic idea of what could be done with this system, it's not an assurance. I've provided below some live stats of my personal accounts, it is just to let you know that what I say is reliable enough for you to keep believing in what could be achieved with sincere effort. I take screenshots of my trades as much as possible and if you're starting out or even in middle I'd recommend you strongly, it's a great way to look back and compare your views you had before and after. It gives you an edge over your style of trading.


Last few words on this Post.

Nothing can be further than the truth. There are few things that make me sad here but time heals and does make you wise. whatever you think and believe firmly can be a reality, implies same for the markets but at the same time you should have enough reasoning to support what you believe. we all have the same situation but the way we react makes all the difference. I hope your account will shine with green pips just don't be in a hurry there's always enough opportunity and always remember the more you share your ideas the smarter you become. Good day Folks. I look forward to interacting and trade together, make sure you subscribe to this thread so you'll be updated about all the future posts. Cheers.

V
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hramir Aug 20, 2018 10:43pm | Post# 2

where is the system?

tzamo Aug 20, 2018 11:30pm | Post# 3

Hello Dear traders, friends and any individual who come across this thread. My name is Varun M, I've been around this forum and the markets for quite some time now. I went rogue for past few months due to some personal issues but my trading has been intact. The reason for creating this thread is not small and hence I'd love if you could read it till the end to get acquainted with the kind of future posts, analysis, and other information that'll be updated. The Journey... I started trading 8 years back but even today when I look at charts it seems...
Dear Varun,

That is one nice motive, to help traders see things as they are and not to over complicate things. Have to say, 8 year + journey and you are still in this game is awesome. Thank you for sharing your experience and wisdom. May I ask, how long have to stuck to using this system since developing it? Did you end up tweaking things along the way?

Best Regards,
Tzamo

varun76 Aug 21, 2018 7:28am | Post# 4

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GBPCHF

Good Day folks,

I've taken a trade on GBPCHF,

*Doing a top-down analysis there is not much that bothers me at the moment
* On 4hr We have a LH see chart for reference
*On 1hr the price has broken the TL also there is a new swing high that touches the TL

Based on the following reason I've to execute a Short trade I've put the SL above Weekly Resistance atm. and Target is just above weekly Support. Let's hope for the best but remember our goal is to be on the positive side of our current balance by the end of the month i.e 21 September, My account has a balance of $2400 so I have opened this trade with a lot size of 0.25. I hope it works out well.

Cheers
V

V
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Albnd Aug 21, 2018 7:37am | Post# 5

Would you please clarify the rules of your system?

varun76 Aug 21, 2018 7:43am | Post# 6

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{quote} Dear Varun, That is one nice motive, to help traders see things as they are and not to over complicate things. Have to say, 8 year + journey and you are still in this game is awesome. Thank you for sharing your experience and wisdom. May I ask, how long have to stuck to using this system since developing it? Did you end up tweaking things along the way? Best Regards, Tzamo
Hey T,

Thanks for the input, appreciate it. well, not much that I've tweaked, the 34,55 and 200 SMA and the stochastic is the same as it was. However, I found an indicator that helps me identify weekly and Monthly Pivots, Support and Resistance that helps to determine the stops and target apart from this not much I would say. I don't depend on this system it just gives me a basic vision for a particular pair and since we are not robots we can use many logics to filter out the bad ones .. Hope it helps

where is the system?
Hey H,

If you are talking about the templets and indicators, it could be found attached to this post.

Cheers
V
fx Dynamite.rar

jansb000 Aug 21, 2018 8:09am | Post# 7

Hope your thread will help many.
I'll be reading regularly.
Cheers...

jansb000 Aug 22, 2018 5:53am | Post# 8

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So, let's see if I get it...
For the EURUSD we see a LH and LL. Would we now wait for the Stochastic to drop below 30 for entering with a SELL?
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(of course I am aware that this might never happen, and then this setup would dissappear. I like to discuss possible setups while they are forming.)
Cheers...

jansb000 Aug 23, 2018 4:48am | Post# 9

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So, let's see if I get it... For the EURUSD we see a LH and LL. Would we now wait for the Stochastic to drop below 30 for entering with a SELL? {image} (of course I am aware that this might never happen, and then this setup would dissappear. I like to discuss possible setups while they are forming.) Cheers...
Aha.
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Albnd Aug 23, 2018 4:56am | Post# 10

{quote} If you are talking about the templets and indicators, it could be found attached to this post. Cheers V {file}
I'm personally talking about rules. Are there precise rules related to this system?

AselFX Aug 23, 2018 2:17pm | Post# 11

Thnx a lot for your sharing. it seems helpfull. can you share with us your acount control panel my friend?

jansb000 Aug 23, 2018 3:04pm | Post# 12

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Ok I took this trade.
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Although the rules have not yet been explained, I decided to have a go at this setup. On the H4 the price seems to have bounced off the MA200 and it formed a lower high. On the H1 it also formed lower low and lower high. Also it broke the last low. I leave it now to my Trade Manager.

Lets see how it looks tomorrow morning. EURUSD can be slow at night, so maybe have to wait for London opening to see some moves.
Cheers...

Trinquete Aug 23, 2018 9:30pm | Post# 13

Hi V, just read your other threads, an now Im subscribe and setting your rules on my chart, looks very simple (not easy) and profitable. Thanks for share you method to us, hope to give imputs from now on.
Im in Forex many years, and start in 1M charts, but now I have no time for stay in front to my screen, and I have had back to learn to get into other timeframes. Now I stay in 1H and using HH HL LL LH sistem with naked charts...adding the look to 4H you simpliest the method. Hope to stay here a long time.

Trinquete Aug 23, 2018 9:32pm | Post# 14

Ok I took this trade. {image} Although the rules have not yet been explained, I decided to have a go at this setup. On the H4 the price seems to have bounced off the MA200 and it formed a lower high. On the H1 it also formed lower low and lower high. Also it broke the last low. I leave it now to my Trade Manager. Lets see how it looks tomorrow morning. EURUSD can be slow at night, so maybe have to wait for London opening to see some moves. Cheers...
Hi jans, can you show your analisis on 4H chart?.

DashKing Aug 23, 2018 9:35pm | Post# 15

Wow.. . Interesting post. M in ✌ .... Thanks for the generous thread. .

Trinquete Aug 23, 2018 9:52pm | Post# 16

So, let's see if I get it... For the EURUSD we see a LH and LL. Would we now wait for the Stochastic to drop below 30 for entering with a SELL? {image} (of course I am aware that this might never happen, and then this setup would dissappear. I like to discuss possible setups while they are forming.) Cheers...
Sorry Jansb, just saw this post...looks like are in a supply zone in 4H to go down, nice entry in 1H

And I would have placed the sell limit just in that place (supply zone).

3ndlessHope Aug 24, 2018 1:29am | Post# 17

That control panel indi looks very cool, is it avaliable somewhere?

varun76 Aug 24, 2018 4:58am | Post# 18

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GBPCHF Good Day folks, I've taken a trade on GBPCHF, *Doing a top-down analysis there is not much that bothers me at the moment * On 4hr We have a LH see chart for reference *On 1hr the price has broken the TL also there is a new swing high that touches the TL Based on the following reason I've to execute a Short trade I've put the SL above Weekly Resistance atm. and Target is just above weekly Support. Let's hope for the best but remember our goal is to be on the positive side of our current balance by the end of the month i.e 21 September, My...
Hey Guys,

Good to see the above posts makes me feel happy about it. Anyway I was in between a 2-day journey so couldn't be around but here is a lesson that I want to pass on even though I was traveling I did not bother about the GCHF trade, this is doing things right I was talking about in post 1. I followed my rule I was precise with my risk and my SL and Targets were intact ... even though the target has been hit but it did not close for some reason, I'll move my Sl to BE now and start looking another good trade after playing FIFA for some time

V
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varun76 Aug 24, 2018 5:10am | Post# 19

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So, let's see if I get it... For the EURUSD we see a LH and LL. Would we now wait for the Stochastic to drop below 30 for entering with a SELL? {image} (of course I am aware that this might never happen, and then this setup would dissappear. I like to discuss possible setups while they are forming.) Cheers...
Hey J,

I wouldn't say this looks bad, but I would wait for the TL to break before I execute a short, if you see the chart below the price touched the Weekly Resistance 3, took a little dip till WR 2 and in my view it is heading up again because of the stotch, it has come and crossed 30 lvl very fast with a little drop in price that indicates price might move back up and also there is a divergence on 4h previous week that indicates a strong reversal. Hope it helps

V
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varun76 Aug 24, 2018 5:23am | Post# 20

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That control panel indi looks very cool, is it available somewhere?
Right here, buddy. Attached

Thnx a lot for your sharing. it seems helpful. can you share with us your account control panel my friend?
Sure Mate

V
IceFX.TraderAgent.Pro.rar


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