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Effortless Trading Explained + FAQ

  • #181
  • Sep 7, 2019 1:46pm Sep 7, 2019 1:46pm
Quoting newhope
{quote} Hi Ata, i know it is very difficult to get your MOFU candles. i just try myself to get my own mofu candles (i think my mofu is different from yours, of course) ... and lets say i have some mofu candles at some different time frames (from small to big one), how do we know that it will touch the extreme one (lowest value / highest value) , and when we can know that it will ignore the extreme value (i mean: it will bounce back after it touches the 2nd lowest/highest value, and never touch the extreme one , at least for some months to 1 year)...
By bringing in multiple timeframes you are complicating things just as you would try to solve a multiple layered sudoku puzzle.. Why do you complicate what is already complicated?

My first advice is: Stick to one timeframe! First study the candle behavior on your most traded timeframe (for me it is the H1) and get fully used to it.. Later, very very later when you really master the MOFU candle behavior on that timeframe maybe... you can maybe benefit from an additional MOFU candle on one higher timeframe.. but again: this kind of artistry comes from not trusting the basic MOFU theory in the first place.. in other words if you don't have the skill set to trust that a MOFU candle sooner or later might drag price to the area of its opening price then you will miss many opportunities while hesitating.. Focus on one timeframe.. one chart.. Good luck!

Stay Green
Focus only on what truly matters!
  • #182
  • Nov 16, 2019 3:47am Nov 16, 2019 3:47am
New examples for the system based on weekly chart:

  1. This week's candle closed back below most current Dashed-BLUE trendline and therefore we must prepare to look for sell opportunities based on a new potential Dashed-BLUE trendline touch.
  2. For the upcoming week (which I marked with a vertical dotted line), the potential touch can happen around 1.1121 (give or take +-20 pips since it is the weekly chart), but please be aware that price can skip that touch and continue to drop at any time. Intraday data will help much better.
  3. Please notice that we recently had 2 MOFU candles: one bull candle from 5 weeks ago that already caused a drop to 1.10 area and one bear candle from last week which could do the opposite and pull price back to its opening price that sits around 1.1175 to 1.1200!
  4. Since weekly candles are still below GREEN line and even below wma-17, the overall trend is still bearish! Especially as long as price stays below 1.1155 to 1200 main resistance zone.

Stay Green

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #183
  • Nov 16, 2019 6:59am Nov 16, 2019 6:59am
Merhaba Ata,

Sisteminde başarılar diliyorum. Forex Factory'de İstanbul'dan birisini görmek güzel.


Hello Ata,

I wish you success with your trading system. Good to see someone from Istanbul at Forex Factory.
There are no weapons that will form against my financial prosperity.
  • #184
  • Edited Nov 25, 2019 1:11am Nov 24, 2019 11:27pm | Edited Nov 25, 2019 1:11am
Hi Ata, so you change MACD settings from (3,15,7) & (3,18,6) to (9,66,3)?

Also, does this strategy suit other pairs like GU, UJ?


Correct me if I'm wrong, thanks!
  • #185
  • Nov 28, 2019 9:53am Nov 28, 2019 9:53am
Quoting blesser9027
Hi Ata, so you change MACD settings from (3,15,7) & (3,18,6) to (9,66,3)? Also, does this strategy suit other pairs like GU, UJ? Correct me if I'm wrong, thanks!
MACD settings are actually not that important.. I prefer to use 9,66,3 yes and even 3,9,3 lately but the sole purpose of MACD is to detect divergence or hidden divergence.. You can do it with any other oscillator like RSI or Stochastics..

The core idea of trying to buy as low as possible or to sell as high as possible by using my angled trendlines logic can be applied to any other instrument, but as I mentioned earlier: then you have to tweak the settings for that pair accordingly.. It should be a minor tweak though since many pairs flow similar.. That said, I haven't applied it to other instruments yet but since I explained where my logic comes from anyone who grasps the idea can easily apply the same logic for his own experimenting to other instruments and figure out best settings in a shortest period of time..

I hope it clarifies..

Stay Green
Focus only on what truly matters!
  • #186
  • Jan 19, 2020 2:30pm Jan 19, 2020 2:30pm
Hello Ata-Turkoglu
I saw your new thread and saw a graph of the EA perspective. This cannot use Targetv102.
thank you, happy New Year
  • #187
  • Jan 23, 2020 2:40pm Jan 23, 2020 2:40pm
Quoting fx5966
Hello Ata-Turkoglu I saw your new thread and saw a graph of the EA perspective. This cannot use Targetv102. thank you, happy New Year
Targetv102 is drawing magnetics automatically for you.. In my methods I make use of magnetics and I also explained what the Targetv102 basically does.. You can't find more detailed explanations for the Targetv102 indicator elsewhere. Even my good old buddy KiwiOz has not given clear explanations for this tool.. He mostly shows examples how to use it.. So I did explain where his logic comes from..

I hope it clarifies..

Stay Green
Focus only on what truly matters!
  • #188
  • Mar 10, 2020 5:15am Mar 10, 2020 5:15am
I really like your strategy! Thank you!
  • #189
  • Mar 20, 2020 5:53am Mar 20, 2020 5:53am
Good to be here Ata
  • #190
  • Mar 24, 2020 7:30am Mar 24, 2020 7:30am
Many thanks ata. Really appreciate it.
Newbie here
  • #191
  • Mar 27, 2020 8:14am Mar 27, 2020 8:14am
Food for Thoughts: Logic of My Approach

In every text book they teach you to use horizontal S/R levels for breakouts and then to buy the dips.. However my approach comes from nature.. Just like we throw a ball in the air we need to create momentum.. That's why price will always fall lower before it can jump up. Why would I buy with higher price at breakout level when I actually can buy lower? Just like the ball-throw animation shows, we can get more juice out of our entries by simply following my angled lines method. As long as you don't use a straight horizontal line you will always get a better price.

*For bearish flip the logic.. (Sorry for the huge size of the gif animation.. I don't have the tools to shrink it without destroying the gif)

I hope it helps..
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Focus only on what truly matters!
  • #192
  • Mar 29, 2020 7:01pm Mar 29, 2020 7:01pm
Quoting Ata-Turkoglu
On a side note: this thread is not for discussions. Anything I share here has been surely already discovered by many others and the information provided here is not rocket science. But putting everything that works together and filtering out everything that is unnecessary so my followers can trade in a simplified fashion is my goal. I ask for no money and I never claim that I am a mastermind. I am a simple guy who makes use of his brains. I love to simplify and I love to share what works for me. That's all! Stay Green
u for helping us sharing your ideas Ata.. god bless you
  • #193
  • Apr 2, 2020 2:53am Apr 2, 2020 2:53am
Always Ignore the "Following" Candle

Below image explains why I never sell at the following candle once I clone a new Dashed-TL.. Usually at that point we don't know if that candle will close back above the Dashed-TL or not.. I always prefer to wait and see first.. Once I see that the following candle can't close above Dashed-BLUE (or below Dashed-RED) I then decide to enter short (or long) with next candle touch.. It can be the 3rd candle or the 14th candle or whatsoever.. The point is that I know that counter traders are not that strong..

If any candle closes above the Dashed-BLUE TL in a bear trend (or below the Dashed-RED in bull trend) I wait until I see some candle closing back below it (or above it in bull trend) and there I sell with the following touching candle..

I hope it adds to your experience..

Stay Green
Attached Image
Focus only on what truly matters!
  • #194
  • Apr 2, 2020 3:20am Apr 2, 2020 3:20am
Extremely help full, thank u Ata-
  • #195
  • Apr 2, 2020 9:09am Apr 2, 2020 9:09am
Ata , Thank you for this thread
  • #196
  • Apr 3, 2020 2:03am Apr 3, 2020 2:03am
Brother, I have a question for your last clone line.
how you decide this clone line before finish the candle.
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  • #197
  • Apr 3, 2020 9:13am Apr 3, 2020 9:13am
Quoting raju0189
Brother, I have a question for your last clone line. how you decide this clone line before finish the candle. {image}
Once that bearish candle closes I look at the size of the candle.. If it is larger than usual by comparing it to the other candles I decide to put my line into the middle..

And yes the other candle has not formed yet and is still open but it doesn't matter because once it closes 2 things can happen:

  1. Either it becomes another bearish candle so I move my line to its top
  2. Or it becomes a bullish candle and I already have my line moved to the place where I can check if it closes above or below my line.. Logic is very simple bro.. but if you still need to ask keep asking..

I hope it clarifies..

Stay Green

Focus only on what truly matters!
  • #198
  • Apr 3, 2020 9:19am Apr 3, 2020 9:19am
Quoting Ata-Turkoglu
{quote} Once that bearish candle closes I look at the size of the candle.. If it is larger than usual by comparing it to the other candles I decide to put my line into the middle.. And yes the other candle has not formed yet and is still open but it doesn't matter because once it closes 2 things can happen: Either it becomes another bearish candle so I move my line to its top Or it becomes a bullish candle and I already have my line moved to the place where I can check if it closes above or below my line.. Logic is very simple bro.. but if you still...

thank you bro
  • #199
  • Apr 3, 2020 11:28pm Apr 3, 2020 11:28pm
Ata, good morning; yesterday, on 4H, was there a sell signal at the end of the day?, or the dashed blue TL shall be on top of the wick?
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  • #200
  • Apr 4, 2020 2:30am Apr 4, 2020 2:30am
Quoting UnconsciousT
Ata, good morning; yesterday, on 4H, was there a sell signal at the end of the day?, or the dashed blue TL shall be on top of the wick? {image}
Yes there was.. and I shared my entry here: https://www.forexfactory.com/showthr...6#post12857046

Stay Green
Focus only on what truly matters!
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