The Certified Zen System

This is my strategy that I've used for the last five years atleast...
Just simple trend trading using indicators that help me see the trend.
Easy as it gets.
I've been told my strategy is similar to others but I haven't ever checked.
Here is is..cheers

I look at the higher timeframes to see if they support the trend. If they do, I look for oppurtunities, if they don't then I don't trade

Support and Resistance Zones

Support and Resistance zones are used to set take profits and stop losses

FOR BUY TRADES:
SUPPORT Lines serve as stoplosses and RESISTANCE lines as take Profits
Set stoploss below closest line of SUPPORT just in case trade hits the level and bounces back
Set take profit exactly at level of RESISTANCE
If the high of the candle has already hit the RESISTANCE zone and has come back down, wait for trade to retrace to closest SUPPORT zone and then take trade

FOR SELL TRADES:
RESISTANCE lines serve as stoplosses and SUPPORT lines as take profits
Set stoploss above closest line of RESISTANCE just in case trade hits the level and bounces back
Set take profit exactly at level of SUPPORT
If the low of the candle has already hit the SUPPORT zone and has come back up, wait for trade to retrace to closest RESISTANCE zone and then take trade.

thats a wrap... consider trying it out yourself. None of the indicators are bought online and can be found in your trading platform.
Combine this with basic chart pattern knowledge and candlestick knowledge and you'll be unstoppable.
Link your ideas and analysis in the comments please. Its always good to hear what other minds are cooking up.


May the Zen be with you

One thing to remember though, this strategy is not set in stone. I'm always making changes and finding ways to improve it and I've been doing so in the last 5 years. In this market, it is never good to be a solid form. Be like fluid friends and always be willing to take a new form if need be. Be adaptable and be profitable.


May the Zen be with you

I've just started trying to figure out how to predict retracement before I enter. I would love to hear suggestions on what you guys think.
If you guys have any new things I could try implementing, I'd love to hear it.

And if there is one more thing I would like to say about the strategy itself, its that you must be patient. Every single pair will trend sooner or later. If you are willing to wait out the consolidation or the random up and down movement of a pair, you can easily make lots of pips. I did so with the JPY pairs in the last two days, they all trended downwards very strongly and I got out with lots of pips.
Just be patient... that is half the battle

I will keep you updated...

May the Zen be with you

Most recent trade right here. Took the NZDJPY trade for about 35 pips. I didn't go for a lot of pips because I missed the big move when I was asleep damn.. but oh well.
See how the weekly is beginning to open up and the current stoch is still on its way down? That was what made me take the trade despite the fact that the trade already moved so much.
Very easy trade, didn't even think twice.
Demo account was 2 lots... Live was significantly more.....

I will keep you updated...

May the Zen be with you

been 5 years? great. can you please talk about its performance/statistics? what to expect of your system?

This strategy will work great if you are willing to be patient my friend. You must wait for a real trend to form and not get tricked into small fake trends that occur all the time(unless you are scalping for 15-30 pips). Best way to avoid this is to trade on the higher timeframes(H4,DAILY, WEEKLY) where the trend formation is more stable. I've had times where I didn't get a trade for over 2 weeks because none of my pairs were trending but I waited it out and when the trend came around, I acted upon it.
5 straight profitable years for me with this strategy and I've been living off it for the last two years.
You can track performance with me in my trade explorer that I've linked. Gonna be trying out new things and also carrying on with my current strategy so you see the losers and the winner trades.
Yes, there will be losers. No strategy is 100% perfect.
Hope that answers your question.

May the Zen be with you

On general terms, I like to go for about 100 pips a week. I will have weeks where I make more and weeks where I make less. I do take a lot of breaks from trading throughout the year though. Its about living life to the fullest guys. Treat trading like a business, but don't let it overwhelm you to the point where it is all you think about. I've been there.
When we are living the final years of our life, its not going to be the pips we think about, but rather the amazing experiences we've had with the people we love. That is the Zen lifestyle. Living every moment to the fullest.
But... don't let that distract you from dominating the market... the pips are pretty good too...

took the GPBPJPY again, I cant stay away from it. Will update you with the results soon...

May the Zen be with you....
What about you guys... any trades?

hi ZenTrader,

I `m concentrating on A/N for the last few months, which has a beautiful down trend.
my position just stopped out on Monday with that spike for a nice profit and sold again @ 1.1478 and have a 3 ATR trailing stop.

like your style and like you said: patience is key.

I don't use any indicators apart from a 50 daily sma moving average to see a change in trend quickly when I go through the charts.

I add to my position on confirmed pull backs with 3 DATR trailing stop and sometimes try to add at extreme prices with a small stop loss like 25 pips which could turn into 100`s of pips of profit.
Like last Monday where I sold A/N @ 1.1478 with a stop loss of 25 pips initially.
Now I placed a 3 DATR trailing stop on it and just see where it goes.

go, go, goooooooooo

Can you explain you entries more precisely? Also you mention indicators in the first post but don't say which you use.

My entry is based off TDI(Traders Dynamic Index) cross and the EMA cross.
Basically any indicator that gives you an idea of the trend will suffice. I use the stochastic because it gives me the best visual representation. You could use that or any other indicator you like. The purpose is just to see when higher timeframes are trending so you can utilize that on your lower timeframes.

May the Zen be with you

sounds good yonnie. I really want to start using some moving averages to see if they are better than the stochastic. Definitely gonna try it out in the demo markets first. Ill try a 50 sma to see if I like it . Thanks for the post.

hi my friend
sounds are good
know last night i came here there was some photo of system and all so indicator but now there is not
i am waiting for your indicator and tampaltes
please share them
thanks alot

hey fxsharam. Yeah i know i had put some pics up but I was going through some technical issues with them. Some of the stuff I had written on the chart was not showing up. My editing skills aren't that great
I'll try to have some pics up by the end of the day. I'll just post what my chart looks like. This way you can see my indicators. Thanks for stopping by.

May the Zen be with you

Good thread, Zen. I'm working on a fully automated system based on the same principles. Can you please post your trading stats using this method?

stats are good, ill get a trade explorer up soon based on my demo account. I experiment with new strategies on that and keep up to date with my old one.
THat GBPJPY that I took again stopped me out for about 35 pips. Even I make mistakes lol.
Hoping to make up those pips before Friday. Will keep you updated

hey guys im gonna be taking a one month break from trading. I'll try to keep you guys updated on potential trades that I think are gonna trend nicely over the next couple weeks. I won't be taking them but I might be able to help you guys take them. Pics and stuff are gonna be coming soon.


May the Zen be with you....

P.S. Results for the week... 70 pips. One of my slower weeks, lost a bunch of pips but can't let it faze me. You gotta accept losses to succeed.

I have started trying to incorporate a 50 exponential moving average into my system. I was just checking out the two losing trades I had this week to see what I could've done wrong. All my rules had been met yet the trades still went negative, thus I added a moving average to help me out. Haven't tested that yet.... will do so in September. Really looking forward to it. Always love adapting my strategy for more and more profits. Flight in the morning.
Have a great August guys!

May the Zen be with you

Here is my basic chart setup.... I look at the stochastic on each timeframe I trade (H4, Daily and Weekly) to see the trend. The TDI and Ema cross help me take entries.
The moving average is a 50 EMA.
When drawing Support and Resistance Levels , I hop on over to the line graph so I can identify the zones. That is just a personal preference. Both the indicators can be found in your trading platform and don't need to be bought off the internet EXCEPT for the TDI. That can be found on the internet.