My Go To Trading System (Tribute to Currencia)

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Two days (and counting) and still no strategy? Seems a tad silly, no? Maybe next week sometime?

It will be posted this evening, some of us have real jobs and some should be grateful to receive some experience instead of complanning for their bad luck. This is the last time I will be saying this, if you are not a kind person please do not stay here, there are plenty of rude threads and this is not the place for you, just be clear, its the least you can expect in order to work properly.

A small comment, it seems to me that there are many angry people lately in the forum, I don't know if its because they blew their accounts, they do not have a real job or their life simply sucks, but please let the people who wants to learn and have fun do it in an environment of cordiality that is the only rule in this thread, be kind to each other

Yes Roberto,

This is an indicator based system will be posted soon today , lets hope you find it useful

Ive seen this thread often, there is nothing coming

Following always nice to see how another trader views and trades the markets, like trading and patience being the key i sense with this thread too some patience will be well rewarded, gets my vote, if its ok in the future perhaps i might be able to add a few ideas here and there .. if thats fine with the op.

What ever you think of Blanca's system is irrelevant for you haven't even seen it yet. I know Blanca personally as we corresponded on an almost daily basis as we traded futures together... meaning at the same time while communicating over Skype.

I know she is a serious and successful trader and if she is taking the time to share her success with us I think we should pay attention and not judge... especially on something you have no idea about yet.

Even if you don't like what is presented...it's a simple matter to just move on. No disparaging comments necessary. Let's at least hear what she has to say and then decide if it's right for you.

Hi Blanca I'm Abraham I am a Forex newbie Thank you for helping me make successful trades

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I am in.
Thx for your work on sharing some knowledge.

Thank you guys, Abraham, Forex Girl Bullilulli and Phillip, and Deanstar welcome you all. My dear Pato such a nice surprise to see you, so many days working together is such a pleasure to see you, if you have time come along dear,

Here is a screenshot of the system, this is how it looks like, and before I post the indicators, template and rules, please spend at least 10 mins looking at the chart.

Let me explain you what I want you to look for,

Think that the market is like a toothpaste and you squeeze it, exactly when you squeeze it all the paste goes out sometimes fast and sometimes slow, this is an oil chart live today and in fact a trade I did today, this explanation about the toothpaste is what we can call a breakout, this is a breakout strategy.

It is also a 5 min chart, which means is a small timeframe, we guys are scalping with this timeframe and usually in such a small timeframe there is a lot of noise, so
in order to reduce the noise we will be using some filters.

You will see two indicators below, the first one is a doublecci and its parameters are 89 and 21, precisely fibonacci numbers, the reason behind this is that for an strange reason, fibonacci numbers usually work and get along very well in the market, and you can apply them to either moving averages, or other indicators and you will be surprised how good they work.

You can also see we have pivots, the DP is the daily pivot, DR1 is first resistance, DR2 the second and so on. Let me explain you something about the pivots.

Now imagine the market is a car in a highway and that the pivots are the tolls you have to pass and pay the fee in order to either advance if you pay it or to return if you dont pay it. The market has to pass always and all the time through those pivots so you will find that the market is constantly looking for supports and resistances going to a pivot, try to break it or bounce it. That is something we will learn how to handle, is kind of an art too.

But also we have trend, in this case there is a yellow line a moving average 240, this divides the buy side from the sell side, I have found 240 closer and even more precise to use it as a trend than other parameters.

I mentioned you before there are other kind of supports and resistances that move along with the price and the time, they are called ribbons, they are usually invisible to many traders but this system uses them, we will use them as targets, use them as levels, use them as filters and they are very reliable.

It also has heishi candles, to help us keep more in our trade and some moving averages to refine our entry and exit, do not leave pips in the table.

This is just the beginning, because in this system even after you manage to dominate the rules, etc you will have to use money management techniques in order to improve its success and the winning and accumulation of pips, because at the end this is a business and pips and the increase of the account is our goal. So please take a good look at this screenshot. In the next post i will put the indicators, template and rules.

Thanks for your contribution

I can tell just by looking

at the sample that it has alot of potential to knock out alot of "noise"

Great job Blanca...subscribed!

interesting... subscribed..like you mentioned it look like old school system.. like to know much about fibonacci and numbers

Hi! I'm neebie here and I feel me newbie at trading, thought I've studied and trained it three and half years. Thats why I'm waiting impatiently Blancas next script.
I really love this forum after following it some months.
Sorry my bad english. Regards Ilboy from Finland

Cool guys,

Kaiser, Vigiragavan, I knew, I knew you old school guys would recognize and you guys indeed have a trained eye, thank you very much for your presence, I will do my best thank you Merka, now next post will include, indicators, template and rules.

Quoting tenthman
Two days (and counting) and still no strategy? Seems a tad silly, no? Maybe next week sometime?

Why are you so angry?? What did I say that caused the vitriol? Sheesh ... I think I'm going to look for a friendlier thread.

Thank you Ilboy welcome, I hope you find useful Finland boy, and Tenthman you don't have to go if you don't want to, what would happen if you leave the chance of learning something good and useful, maybe even profitable, you never know. So lets work guys and kind regards

I look forward to learning what I can from you. I am sure I will be the limiting factor.