How To Add Confluence To Your Trading - 2 Part Video Series

Hey Team,

I wanted to share my strategies around confluence trading in forex. I talk a lot about confluence trading but never really shared a dedicated video to the forum.

This is a two-part series covering the following topics:

PART 1 - MY CONFLUENCE CHEAT SHEET

1. What is confluence trading?
2. Cheat sheet - top trading techniques / analysis
3. Step by step example of confluence trading

PART 2 - COMBINING CONFLUENCE & RISK MANAGEMENT TO BE MORE PROFITABLE

1. Not all trade setups are equal
2. Grading your trade setups using confluence
3. Example of how confluence trading & risk management creates more profit

I am strong believer that confluence will make even the worst trading strategy profitable. If you combine with confluence trading with risk management (part 2) it will definitely elevate your trading.

Great to discuss your thoughts on this approach.

Resources/downloads mentioned in the videos:

OGT Price Action Indicator – Tutorial and Download: https://www.forexfactory.com/showthread.php?t=707057

OGT RSI MTF Indicator – Tutorial and Download: https://www.forexfactory.com/showthread.php?t=717820

OGT Trend Dashboard Indicator – Tutorial and Download: https://www.forexfactory.com/showthread.php?t=989415

Round Numbers Indicator (Not my indicator): https://www.forexfactory.com/showthread.php?t=389102

OGT Forex Scalping Course: https://www.forexfactory.com/showthread.php?t=992322

Thanks,
Zoheb01

Another example of applying confluence in your trading





4 technical indicators align to give the trader confidence that there is a higher probability of the the trade succeeding

Thanks Zoheb01 for sharing your strategy. I found it very interesting. Will study it at least twice! Could you please upload more charts!

Thanks for this. I'm working on a adding the ADR into my confluence cheat sheet.

You learn about my indicator here:

OGT ADR Indicator v1.0



OGT ADR Indicator v1.1



More info and download links - https://www.forexfactory.com/showthread.php?t=999672

I wanted to share my latest video to my threads where relevant.

The video walks you through my analysis of two previous trade setups. It shows how you can use multiple technical tools to make a decision whether to place a trade.

The technical tools used are:

1. Natural support and resistance at round number levels
2. OGT price action indicator (pin bar candlestick pattern)
3. OGT RSI MTF indicator
4. Divergence

I hope you find it useful. Any questions let me know.

In everyday life, we estimate our chances of something at about 50:50.
In trading, everything is much more complicated. To make money on the market, you need to evaluate the following chances in advance:
-the chances that a particular deal will be profitable.
-the chances that the trading account will not be destroyed by losses. An approximate limit of sensitivity to losses is 20% of a trading account. As soon as losses exceed this figure, traders begin to behave in a completely different way as before. They open trades to win their money back, break the rules of the trading system, increase the number of traded lots. Pay close attention to your trading account. In case of a long series of losing trades - stop trading and have a rest, for example, until the end of the month. The harder you have earned money, on which you trade, the more painful your losses will be. Convince yourself in advance that your initial capital may be lost irretrievably.
-the chances are that the trader will recover from a series of losing trades. The trader will be able to get out of a series of losses, if he is psychologically and materially ready to start from scratch, rather than stubbornly proving himself right by holding losing positions. Another way to improve is to learn from those who have achieved a stable profit and use advanced software.
-the chances that the trader will become a stable successful one.
It is much more difficult to evaluate objectively the probability of any of the outcomes in trading.

Hi,

It will be very cool to have a video with a backtest of this strategie on one pair !

I've been looking at coding this into an EA which will help with the back testing process.

Hey Traders

I’ve created a number of indicators, and the most common questions I get are:

What is my “best” indicator and what are the “best” settings?

This week I’ve decided to share the MT4 template of how I setup my MT4 chart and the indicators I’m currently using to trade the Forex markets.

The video below walks through the template of what indicators I use and how I use them. I share examples of previous trades and how I use the indicators to tell me a story of what’s happening on the chart and whether to enter.


List of indicators needed for the template:

OGT Price Action Indicator v1.3
OGT Trend Dashboard Indicator v1.1 (Need to change Symbol when loaded, watch video)
OGT RST MTF Indicator v1.1
Moving Averages (part of MT4 platform)
Round Numbers Indicator (Free from MQL5 marketplace – watch video)
MACD LWMA v1.01 Indicator (not my indicator but love it!)

Indicators attached for ease.





Any questions let me know.

Zoheb.