Trading 9 pair every day

i put the orders every day. but because of the news i will enter the market with half of the capital, which i enter with in other days.
i indicated in in some charts before how you should set the orders and you can view them.
http://www.forexfactory.com/showpost...9&postcount=71
for bull market, you should put 4 buy limit orders between s1 and the dash line above that.

Very good. Thank you.

Hello Maforexcity
I appreciate very much your effort to put all the nine pairs trading orders. It would be very nice if you put your explanations .i e how you arrived at these levels. You did mention in your posts that these levels are pivots and s/rs. I like when I put an order to know the basis of it and I am sure many pepole prefer that. Thanks very much and looking foreward for you explanations.
Regards

The guide lines used in our chats, indicate the main support and resistance, so it is not complicated, and if you watch these lines you will find why these are important. any way i will talk about it later. lets more talk about the details of our strategy

The most important parameters in our Trading Strategy are:
ØDirection of the Market Movement
ØEntry Zone
ØStop Loss
ØTake Profit Levels
ØMoney Management

Every day you may face different directions of the market. These directions vary by the time frames. For example, in Daily forecast for EURUSD we have Up-Trend while in Short-Term we have Down-Trend.
In the following post you can easily find out how the Short-Term Direction affects Daily our Trading Strategy Parameters.

Short Term Direction : (1) In the same direction with Daily Forecasts
Our Strategy Parameters

Entry Zone: 20% of ATR (264) in Daily Time Frame
Take Profit : Putting the first 3 Take Profits at TP1, TP2 and TP3 and the 4th Take Profit should stay Open for Free Trade
Money Management: 10% of the Free Margin
downtrend example:

wo0o0o0w .whats happened?
---------------------------------------------------------------
(1) :Short Term Direction : In the same direction with Daily Forecasts

Our Strategy Parameters:
Entry Zone: 20% of ATR (264) in Daily Time Frame
Take Profit : Putting the first 3 Take Profits at TP1, TP2 and TP3 and the 4th Take Profit should stay Open for Free Trade
Money Management: 10% of the Free Margin

I take it you did not mean to yell.

To save some time here...are you a commercial venture now or do you plan to be in the near future?? Your partner "4xct" appears to have started a thread in the commercial section at pretty much the same time as this one " $ 4XCT Trader EA"!!

(2): Short Term Direction : Swing
Our Strategy Parameters
Entry Zone: 15% of ATR (264) in Daily Time Frame
Take Profit : Putting the Take Profits up to the second TP line
Money Management: 5% of the Free Margin

hi glynnt
when i ask anyone for money or selling my strategy in this thread you can think about commercial ... but i told every one which i will tell all the plan that i use for trading cover to cover.be patient.
Good Luck

(3):Short Term Direction : In the opposite direction with the Daily Forecasts

Our Strategy Parameters
Entry Zone: 10% of ATR (264) in Daily Time Frame
Take Profit : Putting the Take Profits up to the first TP line
Money Management: 5% of the Free Margin

What would you suggest people like me -a new starter- as far as how to start the day? How would you prepare your self for the day. I mean, what should be the first step when you start your trading day? I am currently following a demo account and still reading and trying different techniques. And I want to start correct.
Thanks everyone.

Every day at the beginning of New York market, these lines as S/R are drawn and set for new orders. Till 24hr later this lines are fixed without any modification. orders would be set and foreget as limit orders.
We will wait to see the reaction of market. These are technical lines and very important ones.

Dear guys please note that non of orders will be deleted.

Set & Foreget strategy.
Happy Trading!

According to Technical Analysis in D1, H4 and H1 we determine Main Direction of every day's Forecast. (Buy or Sell)
Then for entry Zone and SL , TP we refer to H1, M30 , M15 TF.

So Forecasts are publish base on 6 Main line that are:
R1, R2 and R3 as 3 Important and first Resistances.
S1, S2 and S3 as 3 Important and first Supports.

We believe that every day, there is ONLY 1 opportunity to enter Market. therefore you can set your Orders and Forget the market!!! (Set & Forget Strategy)

But you should know where to set orders.

As we know every Strategy consist of 4 Basic Parameters :
1. Direction
2. Entry Zone
3. SL
4. TP

in this post we would explain you how to find these parameters base on our Forecasts.

1. Direction
to find the main direction you can refer to the thick Line in the chart (S1 for BUY and R1 for SELL)

2- Entry Zone
as you know the market react to ZONE not to Point!!!
Therefore we set 4 orders in the entry zone with different Money Management.
Order 1: 1% Money Management
Order 2: 2% Money Management
Order 3: 3% Money Management
Order 4: 4% Money Management

(Total: 10% Money Management)

Here we can find proper enrty zone to set our LIMIT PENDING ORDERS:
it is calculated base on Daily ATR (264)
when we have different situation in Short Term:
Short Term = Same Direction with Daily Forecast ----> Entry Zone= 20% ATR
Short Term = Range Bond ----> Entry Zone= 15% ATR
Short Term = Opposite Direction of Daily Forecast ----> Entry Zone= 10% ATR

(ATR = Average True Range)

3- Stop Loss
to find proper point of SL we should find always 2 Supports or 2 Resistances!

example: if today's forcast is Sell for EURUSD we should set our SL at the Breakout of second Resistance (R2).

4- Take Profit
at last we should find TPs for our orders.
As all the technicalist know, the best point to set TP is befor Supprts and Resistances.

example: if today's forcast is Sell for EURUSD we should set our TP before Supports. (S1, S2, S3)

Hi dears
Can anybody define what BREAKOUT is?

HI
i am going to put the forecasts with more data which indicate the reasons of our analyze.
GBPYEN

GBPYEN
Due to Downtrend based on today’s forecast our suggestion is sell to the height of R1=145.1. There is expectation to reach the targets of S1=143.6 و S2=143.05 و S3=142 Short term forecast is downtrend. To follow the trend, set an order without TP and till the time that range bond (free trade) doesn’t change keep it open. Set the stop loss point in these orders at breakout point S2=1.0485 Reverse orders buy (if breakout occurs) will be activated.
in this situation there would be expectation to reach the target S3=1.0395 Set the stop loss point of reverse orders at breakout of R1=145.1

GBPUSD
Due to Downtrend based on today’s forecast our suggestion is sell to the height of R1=1.601. There is expectation to reach the targets of S1=1.5875 و S2=1.583 و S3=1.5705
Short term forecast is downtrend. To follow the trend, set an order without TP and till the time that range bond (free trade) doesn’t change keep it open. Set the stop loss point in these orders at breakout point R2=1.608 Reverse orders buy (if breakout occurs) will be activated
in this situation there would be expectation to reach the target R3=1.618 Set the stop loss point of reverse orders at breakout of R1=1.601

NZDUSD
Due to Downtrend based on today’s forecast our suggestion is sell to the height of R1=0.7065. There is expectation to reach the targets of S1=0.7015 و S2=0.6975 و S3=0.6905
Short term forecast is downtrend. To follow the trend, set an order without TP and till the time that range bond (free trade) doesn’t change keep it open. Set the stop loss point in these orders at breakout point R2=0.709 Reverse orders buy (if breakout occurs) will be activated
in this situation there would be expectation to reach the target R3=0.7165 Set the stop loss point of reverse orders at breakout of R1=0.7065

[IMG]file:///C:/DOCUME%7E1/m/LOCALS%7E1/Temp/moz-screenshot-3.png[/IMG]AUDUSD
Due to Downtrend based on today’s forecast our suggestion is sell to the height of R1=0.888. There is expectation to reach the targets of S1=0.8815 و S2=0.879 و S3=0.873
Short term forecast is downtrend. To follow the trend, set an order without TP and till the time that range bond (free trade) doesn’t change keep it open. Set the stop loss point in these orders at breakout pointR2=0.8915 Reverse orders buy (if breakout occurs) will be activated
in this situation there would be expectation to reach the target R3=0.8965 Set the stop loss point of reverse orders at breakout of R1=0.888