How To Effectively Trade In Both Range And Trending Market By A Single Method | Forex Factory

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Attachments: How To Effectively Trade In Both Range And Trending Market By A Single Method
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How To Effectively Trade In Both Range And Trending Market By A Single Method

  • #1
  • First Post: Jun 11, 2008 7:45am Jun 11, 2008 7:45am
hello traders...
i have been a member of forex factory for a little long time and i have read about numerous trading strategy.i tryed many of them but they dont work for me.the most annoying thng is that i will see others,apart from the system originator,claiming to be making good pips from the system.so,it makes me to continou trying those system,in short ialways quit in the end.
  • #2
  • Jun 11, 2008 7:46am Jun 11, 2008 7:46am
but i dont want to stop trading forex so i kept trying my personal(historical)trading strategy "TRENDLINE TRADING".infact,i am member of "DRAWING CORRECT SUPPORT AND RESISTANCE THREAD" in ff.
I beleived trendline trading is a normal trading style,and it has kept me going in the forex biz.but never stop searching.
sooner,i came about a strategy book named "HOW TO TRADE IN BOTH RANGE AND TRENDING MARKET BY A SINGLE METHOD" by S.A GHAFARI.So,i am not the originator of this system but i am posting it here for improvement purposes.i have backtested it and now i am trading it live.
Other people might have come across this system and if so,you are most welcome to contribute.
  • #3
  • Jun 11, 2008 7:48am Jun 11, 2008 7:48am
i am posting this system here because i know this best way to make a system 90% sure is to make it open to critism,appraisal and development.
please download the pdf file,go through it and make your comment.notice that s.a ghafari uses 4h chart and gu,but i have tested it on other currencies and tf.
now i trade it live on gu,eu,uj,gj and ec on 30m tf and it has been good.but i always respect the larger trend,i mean 4h and even daily when 4h is somewhat confusing.i wll be here to answer any complain and,as i always say,i will gladly make a room for conclusive improvement from you guys.

happy trading.........................
  • #4
  • Edited 9:20am Jun 11, 2008 7:51am | Edited 9:20am
I Have Tryed Uploading The Pdf File But It Failed To Upload To Ff,so If Anybody Has Encountered This Type Of Problem He Should Teach Me Because I Will Like To Share My Most Recent Trade.
Now,i Have Decided To Post The Link To The Downloading Page.
  • #5
  • Jun 11, 2008 8:35am Jun 11, 2008 8:35am
Nice file, i have attached the pdf for you, you can delete the link so you dont get a warning
Attached File(s)
File Type: pdf How to Trade Both Trend and Range Markets by Single Strategy.pdf   145 KB | 7,362 downloads
  • #6
  • Jun 11, 2008 8:42am Jun 11, 2008 8:42am
Isn't life strange.

I am trading a similar system to yourself but was wondering on the best way of trading a ranging market (I've been sitting on the sidelines for the last 4 days). And then you publish this. Thank you for posting it.

This is how it always is. I think "There's a weakness in my system; how can I overcome it?" and then someone posts a thread that catches my eye. Bingo.

My next question... how can I get a Lamborghini Murcielago LP640 without doing a day's work?
The market reveals who we really are...
  • #7
  • Jun 11, 2008 9:15am Jun 11, 2008 9:15am
Quoting shadowninja

My next question... how can I get a Lamborghini Murcielago LP640 without doing a day's work?
Get into politics.
  • #8
  • Jun 11, 2008 9:19am Jun 11, 2008 9:19am
Quoting shadowninja
My next question... how can I get a Lamborghini Murcielago LP640 without doing a day's work?


Watch and recreate Gone in 60 Seconds
  • #9
  • Jun 11, 2008 9:35am Jun 11, 2008 9:35am
Nice looking strategy. I have a couple of questions.

I'm not really getting the use of the RSI for entries. You said to enter when the Value line of RSI moves above RSI Trend Line, but I can't really see it in your examples. The exits seem clear enough, but all I can really tell about the entries with regard to RSI is that it's above/below 50 for long/short. Can you clarify this please?

Also, I would like to try this on the daily time frame, but the RSI 21 tends to be very flat on the daily. Changing it to a 13 or even an 8 seems to add more movement. Do you see any problem with that? I have never used RSI so any help would be appreciated, and thanks for posting this.


Cheers,
Richard
  • #10
  • Jun 11, 2008 9:42am Jun 11, 2008 9:42am
Thanks Melpheos,kindly Tell Me How You Succesfully Upload The File.


Shadowninja,you Told Me That You Have Been Trading This System Before,nice To Hear That But Have You Started Trading It Live?
How Long Have You Been Using It?
What Is Your Favourite Timeframe?
Which Currency Have You Traded Most?
The Setup Is Easy,so I Dont Relly Need To Worry Abt The Template.
It Uses Normal Platform Rsi,moving Averages And Macd And Notice That Most Of Them Has Fib Parameter As Their Periods.
Guys Lets Make The System More Powerfull.
  • #11
  • Jun 11, 2008 10:09am Jun 11, 2008 10:09am
Quoting shadowninja
Isn't life strange.

I am trading a similar system to yourself but was wondering on the best way of trading a ranging market (I've been sitting on the sidelines for the last 4 days). And then you publish this. Thank you for posting it.

This is how it always is. I think "There's a weakness in my system; how can I overcome it?" and then someone posts a thread that catches my eye. Bingo.

My next question... how can I get a Lamborghini Murcielago LP640 without doing a day's work?
Ask billbss to be your mentor!
  • #12
  • Jun 11, 2008 10:27am Jun 11, 2008 10:27am
Quoting thunderwolf
Ask billbss to be your mentor!
Gee, not me!!!
I NEED a mentor
  • #13
  • Jun 11, 2008 10:55am Jun 11, 2008 10:55am
Quoting Richard7
Nice looking strategy. I have a couple of questions.

I'm not really getting the use of the RSI for entries. You said to enter when the Value line of RSI moves above RSI Trend Line, but I can't really see it in your examples. The exits seem clear enough, but all I can really tell about the entries with regard to RSI is that it's above/below 50 for long/short. Can you clarify this please?

Also, I would like to try this on the daily time frame, but the RSI 21 tends to be very flat on the daily. Changing it to a 13 or even an 8 seems to add more movement. Do you see any problem with that? I have never used RSI so any help would be appreciated, and thanks for posting this.Cheers,
Richard
Hi Richard, When you load the RSI on your chart {21 period }, on the properties box go to parameters and make sure the fixed minimum and fixed maximum box are not checked. This opens up the compression of the indicator between the 0 and 100 range and visually makes it easier to see the up and down movement of the RSI, thus making it easier to draw your RSI trend lines. Hope that helps you......T-Wolf
  • #14
  • Jun 11, 2008 11:06am Jun 11, 2008 11:06am
Quoting thunderwolf
Hi Richard, When you load the RSI on your chart {21 period }, on the properties box go to parameters and make sure the fixed minimum and fixed maximum box are not checked. This opens up the compression of the indicator between the 0 and 100 range and visually makes it easier to see the up and down movement of the RSI, thus making it easier to draw your RSI trend lines. Hope that helps you......T-Wolf
Thanks thunderwolf, that did the trick.

Hey Folastevo, I think to upload files you have to have a minimum number of posts. I'm not sure how many, maybe 25 or 50. Anybody know for sure?


Cheers,
Richard
  • #15
  • Jun 11, 2008 11:16am Jun 11, 2008 11:16am
at all the replies to his Lamborghini question. I like the politician one the best. It is the most legal.
The market reveals who we really are...
  • #16
  • Jun 11, 2008 11:18am Jun 11, 2008 11:18am
Quoting folastevo
Thanks Melpheos,kindly Tell Me How You Succesfully Upload The File.


Shadowninja,you Told Me That You Have Been Trading This System Before,nice To Hear That But Have You Started Trading It Live?
How Long Have You Been Using It?
What Is Your Favourite Timeframe?
Which Currency Have You Traded Most?
The Setup Is Easy,so I Dont Relly Need To Worry Abt The Template.
It Uses Normal Platform Rsi,moving Averages And Macd And Notice That Most Of Them Has Fib Parameter As Their Periods.
Guys Lets Make The System More Powerfull.
I mean that I trade a system that is similar to the one in the pdf. I use H1 but I only use MAs and nothing else. Purely on EURUSD. I've had variable success, as, stated above, ranges have proved problematic.

I've started testing it on M5 not because it's scalping but because there is a direction even when it's largely ranging.
The market reveals who we really are...
  • #17
  • Jun 12, 2008 11:09pm Jun 12, 2008 11:09pm
Quoting shadowninja
at all the replies to his Lamborghini question. I like the politician one the best. It is the most legal.
.....and yet the least honest :x
"The market will rally from this or lower levels"
  • #18
  • Jun 19, 2008 5:37pm Jun 19, 2008 5:37pm
Isn't this the "Dad's Legacy" Strategy?
  • #19
  • Edited 5:56pm Jun 19, 2008 5:50pm | Edited 5:56pm
Quoting shadowninja

My next question... how can I get a Lamborghini Murcielago LP640 without doing a day's work?
No problem, mate. Get yourself over here to the UK, become one of our blood-sucking vampire bastards we laughingly call Members of Parliament, and simply claim said Lamborghini on expenses.

No problems with petrol either. Expenses take care of everything in Westminster.

Oh, by the way, that "without doing a day's work" is absolutely guaranteed.

Cheers


EDIT: Just realised you're already here in the UK. With that in mind, I might even campaign for you!!
  • #20
  • Jul 18, 2008 6:10pm Jul 18, 2008 6:10pm
Quoting iftc
Dear Friends:

Thanks for sharing this method. I actually make this comment because i am the originator of the system and i know hips of tricks and facts about that strategy. Actually, This system despite of being easy to apply has many other simple but effective tasks which make the strategy really work!

Anyway, anyone who want to know more about the untold aspects of the strategy please search the name of S.A Ghafari on the net ( preferably through Google or Yahoo ) and catch the email address of mine. Contact me and i simply send a Q&A which is actually a troubleshooting package including my students questions from all around the globe. I hope this can help you some to prevent loosing money on trading. because i,m always happy with disciplined guys who mostly end up with reasonable profit at the end.
Also i almost forgot to mention that i,m currently working on new videos which will reveal many untold things about technical tools including Bollinger Bands, Stochastic, MACD, Regression Channel and many other.. so stay in touch.

Best Wishes
S.A Ghafari
FX Analyst
Dear S.A,
Very simple and impressive system.
Is this system applied for any pairs and TF, or only for certain of them.
And how long have you been applying this system?
Thanks a lot. Great job!
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