I’m Tom, from Vietnam
I’ve been in forex market for 3 years, learned a lot of kind of trading: harmonic, wolfe, elliott…using a lot of kind of indicators but I cant improve my trading result. But now, I start to found that “the simple makes everything” so I start with the basic.
No headache becau we have no MA, Stoch, rsi, Fibonacci ……. Just only the cloud
This system is good for some major pairs, such as: EU, GU, UF, UCAD, NZDUSD
I trade with this system for a few month and have some good result than before
I trade only on 4 hours chart – to clear out the “noise” of the market
Actually, when we start to put an order, we need to define 3 things:
•Trend (up or down)
•Entry – exit – stop
•Money management
More detail:
1.Trend: have 3 situations: up, down, sideway.
In my trading system, I catch the trend by the cloud.
•Uptrend when the price above the cloud and the color of the cloud is blue only long
•Downtrend when the price below the cloud and the cloud is red only short
•Sideway when the price in the cloud,whatever the color no trade
2.Entry – exit – stop
a)Entry
I entry by the price action – PA – of the candlestick
I wait for the bounce back to the cloud and looking for some pattern of the candlestick,like:
•Bullish – Bearish engulfing
•Shooting Star
•Hanging man
•Hammer
•Inverted hammer
•Morning – Evening doji star
Then I enter the market
b)Stop:
I put my stop above or below the peak or trough of the entry candle
c)Exit
I usually trade 2 lot, I close 1 at risk – reward 1:1 (including spread) and then let the 1 lot run until it hit the blue line of the ichimoku
3.Money management:
Of course, never risk more than 2% of your account in every single trade or you will die soon
To know more about new ichi,pls read this one http://codebase.mql4.com/1467
Let me show some example:
I’ve been in forex market for 3 years, learned a lot of kind of trading: harmonic, wolfe, elliott…using a lot of kind of indicators but I cant improve my trading result. But now, I start to found that “the simple makes everything” so I start with the basic.
No headache becau we have no MA, Stoch, rsi, Fibonacci ……. Just only the cloud
This system is good for some major pairs, such as: EU, GU, UF, UCAD, NZDUSD
I trade with this system for a few month and have some good result than before
I trade only on 4 hours chart – to clear out the “noise” of the market
Actually, when we start to put an order, we need to define 3 things:
•Trend (up or down)
•Entry – exit – stop
•Money management
More detail:
1.Trend: have 3 situations: up, down, sideway.
In my trading system, I catch the trend by the cloud.
•Uptrend when the price above the cloud and the color of the cloud is blue only long
•Downtrend when the price below the cloud and the cloud is red only short
•Sideway when the price in the cloud,whatever the color no trade
2.Entry – exit – stop
a)Entry
I entry by the price action – PA – of the candlestick
I wait for the bounce back to the cloud and looking for some pattern of the candlestick,like:
•Bullish – Bearish engulfing
•Shooting Star
•Hanging man
•Hammer
•Inverted hammer
•Morning – Evening doji star
Then I enter the market
b)Stop:
I put my stop above or below the peak or trough of the entry candle
c)Exit
I usually trade 2 lot, I close 1 at risk – reward 1:1 (including spread) and then let the 1 lot run until it hit the blue line of the ichimoku
3.Money management:
Of course, never risk more than 2% of your account in every single trade or you will die soon
To know more about new ichi,pls read this one http://codebase.mql4.com/1467
Let me show some example:
Attached Image (click to enlarge)
Attached File(s)
Price action is the most important thing
