(SR)ZigZag Levels-Divergence(RDHD) System

Somebody asked about pairs I trade....well I love volatile pairs, mostly JPY,
but I trade almost any pair if the situation is right...there is no limits!!!

I didnt talked about my SL&TP till now, well my SL is about 30 pips while my
TP are on the another side of the chanel....My most valuable tool is the
expert SL&TP drag by mouse cos I adapt SL constantly trying to squeze
every posible pip out of the setup.....If my trade goes in wanted direction,
I will move my SL to BE after price goes some 50pips in my direction, and I
will move it after that constantly acording to the actual PA....

the best scenario is if price goes to the other side of the chanel(support or resistance)
I never change the SL option if price goes against me....only scenario is that ill close my
trade in smaller loss if im pretty sure that I just made a bad decision(based on PA)!

The thing is I dont care about some 30 pips loss, cos I know that sooner or later I will get into
a trade that will go to the oposite S or R, and my risk to reward ratio will
probably be around 1\10 and more!(depends on pair used)

That is the main reason why I trade 1H....I suck up the losses and then
on one single trade I make them all back and more!

THERE WILL BE TIMES WHEN YOU GOT YOUR SETUP RIGHT ACROSS FEW PAIRS AT THE SAME TIME,
BUT I DONT RECOMEND TRADING ACROSS MULTIPLE PAIRS AT ONCE BECOUSE IF BREAKOUT OCURRS, THERE IS BIG CHANCE THAT THIS BREAKOUT WILL BE ACROSS MULTIPLE PAIRS,
AND YOU WILL PROBABLY GET BURNED ON ALL!!!(ESPECIALY JPY)

Remember that it is all about riding the same directional wave across MTFs!!!

Ok, this was a basics of the system, this week Ill post my trades in
real time(gmt+1) so you can track this method as we move along.....

I think that this will be the best possible way to show how to trade
this method, what are the ups and downs of it, the RR ratio, and the most
important PROFITABILITY!

hi

very clear presentation i like

thanks

lodol

Wow FF...Finally you explain your system ... I am divergence trader..So i will try to study your system...Please help me with your clear entry..1 more chart please...tq

Hi Bro, what an impressive lecture!! I suppose the flavour of the pudding is in the eating part?

However, you have a lot of super slick approaches to a very complex analytical environment. I never had much joy with these channels cause just as I would think the price is at the top or bottom of such channel and is about to come back - it will break out of the channels, they will just adapt to the new course and I will experience a negative run until my portfolio is finished?

Anyway another write down to experience - expensive school fees!!

How do you super-impose the 'Force(13)' unto the Stochastic?

Thank you very much for a very informative thread.

Regards

Hey Drikkie.....forget about force, it is accidentaly there cos I love to
experiment from time to time with different indicators, and it is not a part of original system.
MTF Stoch is more than enough!

Im glad you are here bro

I have a full time job, so my trades will be posted here around 5 PM (gmt+1).....if some setup occurs!

Ill say this once more...TRADES WILL BE POSTED IN REAL TIME!!!

Anyone who thinks that he can take this method, and instantly make money with it are DEAD WRONG....
I have a lot of hours behind me observing the PA,
and this is a discretionary part of the system that can not be teached,
you have to do it yourself!!!....practice,practice and more practice.

....and another thing: IF YOU FOLOW MY CALLS, YOU ARE THE ONE RESPONSIBLE FOR THE POSSIBLE LOSS!!!

The scary part is: That FX brokers want to and will take your money if you are not careful. A wining streak will have you relax and lose your focus for just that fleeting second when executing the next trade that will wipe the SLATE CLEAN - until courage return, maybe, next time.

FEAR and GREED are two contrasting emotions which are both enticing you to take the chance to guess the direction and put your money where your mouth is. If you're wrong you must execute the necessary discipline to acknowledge it and close your trade pronto!

If the PA does not respect either the support or resistance level you based your decision on - get out as quick as you can. In hind sight (perfect vision) it might prove otherwise, but one cannot trade forward by looking over your shoulder.

Experience will subconsciously render you with a so called Gut feeling. If not repressed your brain will subconsciously grasp the whole setup and you will know which way to go. This cannot be taught, it needs to be felt, every time that you were right or wrong your brain acknowledges and records it.

Hope I can be such but I am not there yet. Need all the experience and know how I can gather.

Respect be had for the efforts of FF, to tame the FX market and to share his methodologies with us.

Good post....but the part with the broker want to take your money
are just wrong.....at least that is my opinion!

If you have a solid proof that this is the case, change the broker!!!

When I was starting with forex, I also have that thought in my mind,
but then I started to test this and came to conclusion that difference
of few pips betwen broker feeds are not that big to couse you some damage.
(yes, there are some bucketshops, but simple search through FF
will help you decide what broker to chose)

The reality is that people dont like to admit to themself that they
dont know when and how to trade!...dont get this personal bro

The biggest step forward is to make a decision about the method you want to use(or develop)
and then stick to it, and demo it for some time until you know it from all the possible perspectives!!!

I lossed to much time jumping from one to another system thinking that ill find some
sort of holy grail.....but that is a part of this self development, and everybody must go through this....
that search for the perfect system got me here...i developed my personal system that Im comfortable
with, and know every little aspect off it!

The Bulls are having a good time today on the GBP & EUR/USD. Wonder when this rally will end. Looking forward to see your trading criteria.

Suppose you only trade during the American session. If you get of work, you should be right on time when the Bulls and Bears come out to play!!!

We are holding thumbs and our fingers crossed in expectation!

Regards

Thanks...check again in some 2 hours when I got home from work!

Regards

Ok...I just scrolled through pairs and there is one possible setup on EU!!!
I just shorted it at 1.3076

On 1hr TF price touched the chanel and bounced off it, while stoch in overbought on 1H,30min and 15min....Notice that I dont care about divergance.....it is a very good sign if you have divergence
at the top or botom of chanel where price touched it, but here, that is not the case...
This is more chanel trading than divergence trading!

Price just break the resistance on eurchf.....trade short

I shorted it at 1.5111


Take a notice that T101 indicator is strongly sugesting long trend
across multiple pairs, so shorting isnt smart .......

I was hopping that someone will ask about this sooner!

DO NOT CLOSE TRADES FOR A SMALL PROFIT!!!
MY TP ARE AT ANOTHER SIDE OF THE CHANEL.....MY TP ALMOST NEVER GET HIT,
ONLY SL COS YOU NEED TO ADAPT IT TO THE CURRENT MARKET, ALSO DONT GET TO CLOSE
TO THE PRICE, TRADE NEED SOME BREATHING ROOM!!!

THIS TRADES COULD LAST FOR FEW HOURS IF IT GOES IN OUR DIRECTION......
OUR OBJECTIVE IS TO CATCH TRADE THAT GOES TO ANOTHER SIDE OF THE CHANEL!

Sorry we live in the Third - Fourth world down here Internet is not always a given.

EUR/USD What were your criteria? It seems that the previous candle could not hold its momentum above the resistance and has invariably closed below such. The las candle tries but fails to break said resistance and there occurred a crossover on the two stochastics above the 76 line?

The Bulls are still in command tho and it may still hover around that level or higher before it may finally come down. But down seems the right decision.

The T101 indicator reflects that the EUR/USD is in a downward trend?

Drikkie you said it yourself.....price did break through but clear bull rally
that lasted for last 10 hours is exausted, and i belive that the price will
retrace, but not at the lower chanel!

Regarding the t101 indicator:

If all greens are up(top 7 spots), while all reds are at lower 7 spots, that is the
clearest possible long trend across all the pairs!!!

If all reds are up while greens down, that is a clear short trend for all the pairs!!!

There is a huge undecision among buyers & sellers now....prices on both pairs
are almost dead.......we need to wait now

Shorted NZDUSD at 0.5438

Best possible trade for now...look at the 30min TF....double divergence at the top of chanel.
Also at the top of bolinger on all TFs....

EDIT:EURCHF almost hit the SL now

NZD/USD

Please explain your motivation. Decisions like that can burn you? Don't you think it is still early?

I would assume that the Bulls are still very much in control of the game?

It also still seems to be well above a fib resistance/support line?

Pse respond.

Regards

PS: Seems if it now can hold sready and move below the previous low it will be ok. Do not seem to be much scope however that the Market might slowly be turning towards a long direction?

Sorry I might be mistaken very volatile environment!!!! T101 6 of the seven are in the RED

NzdUsd......divergence at 1H and double div at 30min.....
stoch at overbought for a long, long time on all TFs!

Im 12 bucks in profit now at it....

EDIT: Take a look at the t101 indi...shorts in control!!!

My total for now on 3 pairs are around 50 bucks
...now ill watch the PA and move my stops, probably around 30-50 bucks at the BE point for
all of them...

Every trade is now around 30-50 bucks profit, so now Im moving my Sls to BE, and I will just let the trades ride the trend....

THIS YOURNAL IS OVER.......GOODBYE
DRIKKIE CONTACT ME LATER ON MY GMAIL