************************************************
IMPORTANT UPDATE ON INDICATORS AND TEMPLETS - Click Here
************************************************
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
IMPORTANT UPDATE ON INDICATORS AND TEMPLETS - Click Here
************************************************
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
Attached Image(s) (click to enlarge)
Precise Execution!
