Janqie "Mad Piphunter" trading

Hello boys and girls

Its nice to be back to this great forum again.
I spend a lot of time with “Mad scalper” method witch was a part of my trading experience and it was my little step closer to consistent proofit trading. Again want to thank all the people in “Mad scalper” threat for valuable discussions and trading together. Becouse of various reasons I had to stop scalping and get to higher timeframes leaving this method. Its sad a bit but any ways Im back with new strategy willing to create something to improove my trading and maby help a little bit to other people of this wonderfull forum.
I had experimets with diferent timeframes and diferent indicators and wanted to create as simple as possible method witch could be easy to trade. I have a few friends of mine and we will trade this method together. Any ways lets get to buisness.
Oh…forgot…
I am Janqie I am a looser. This is who I am and this is how I trade.
You can take this system and trade it or you can try it and throw away.

First of all Indicators

Shade.
This is simple two EMA indi witch consists of 50 and 25 EMA’s I use it to get better felling of a direction


http://i55.tinypic.com/oivgcm.jpg


CCI – MACD.
Now this indi is combination of two. One is CCI indicator to get a better feeling of a pullback. And other is just lines from a MACD to spot a divergence and possible trend weakening.
http://i54.tinypic.com/335fb60.jpg

Trend line.
I will use it to spot where is the end of trend and a start of the new one.
http://i52.tinypic.com/1ruo8o.jpg

Fibonacci indicator.
Will be used for entry and stop. It has a “Buy zone” and the stop line.
http://i52.tinypic.com/2mmb61c.jpg

Trade Idea.

At first lets look at the picture. Here we have 4 hour timeframe and we can see those juissy trend and couner trend moves witch lasts from one to few days. And we can see from 100 to 500 pips. The idea is to take those moves. Basicly I will hunt from one to few trades a week.
http://i51.tinypic.com/2dmgnzp.jpg

So those moves is quite stright if we look on 4 hour tf. But if we look to those moves on lowe 1 hour or 30 min timeframes we will have a bunch of chanels with lots of trading posibilities. So to get the start of the move and to hunt the trade I will use those.
http://i51.tinypic.com/2ikd5de.jpg
Now here we have more information when to enter and wehen to exit the master market.

The rules

I will explane step by step my trade witch I took last week.
1. Divergence.
We can see this nice up move on 4 hour timeframe EURUSD witch cant last forever. So I needed to spot where trend is weakening.
http://i56.tinypic.com/zx2no9.jpg

To do that I need to switch my timeframe to 1 hour or 30 min to spot MACD divergence. Like this one on 1 hour timeframe.
http://i55.tinypic.com/2q24wph.jpg

Now I know that trend is getting weaker for higher prices.
2. Trend line break
I use it to spot where last move ended ant where new possible trend is starting.
http://i51.tinypic.com/2jac9xk.jpg

Now we can expect market to make new lows and give a trading opportunity.
3. Entry according to Fibonacci.
This is used to enter the market with “Limit” orders. I use it because most of a time I cant sit at PC. I have posibility to check situation few minutes per few hours so “limit orders” is good decision for me now.
So I am waiting until I will have new low or high according to the direction. When I see a pullback I plot my fib indi on that fresh move. When price hits “Zone” I’m buyng or selling according to the direction.
http://i51.tinypic.com/2aald6p.jpg

1. Stop loss
I put my stop loss right on the Stop line. P.S this fib is with same usual levels just renamed descriptions. I move my stop as soon as new high or low is formed. Or sometimes if I have quick enough I’m just leaving the market with as much as I can or like.
http://i56.tinypic.com/6ftob6.jpg

This trade gave me 115 pips with 24 pip stop loss.
Next trade right on the next corner witch was so quick that I took 95 pip profit with 34 pip stop loss
http://i52.tinypic.com/2uzr028.jpg

So that’s it. This system is not perfect but for now It fits my trading stile.
Maby there will be more improvements to this system but for now I want it to be simple enough.
I will be here few days a week to update my trades.

could you post your indicators, template

thank you

Hi, seems like a wonderful system, where can we get the indicators from so we can help you do some demo trading and give imput.

thanks

good method...

Hello,
Thanks guys glad you like it
Here are indicators and template

Thanks for the indicators. What are your fib levels pls?

Hey sheraad
Your'e welcome
My fib levels is default. I use 0.618 0.382 0.236 I just deleted 50% level

Janqie. thanks for sharing this system, and may I compliment you on your presentation, could you clarify exactly where you entered this trade as I am unsure...

So I am waiting until I will have new low or high according to the direction. When I see a pullback I plot my fib indi on that fresh move. When price hits “Zone” I’m buyng or selling according to the direction. Which zone line do you place your pending order on..?

Janquie, thank you for admitting up front, on the first post, that you are a "loser." But my question is, why are giving a system to us and letting us know you are a loser? Just curious...

Hi Janqie and thanks for sharing your system.

I would like to ask you a question regarding the buy zones on fib etc. I see that you are using two fib levels when you are looking for entries, would those be the 28 and 50 levels with the 68 being your stop?

Cheers

Ezzy

Hey rebelheart
I have market two zones.
The lower one is buyng zone and order can be placed in this area acording to the market situation. Usualy I set my order just above the first zone line.
Other area is market for stop loss. I set it also acording to the situation. Usualy also above the Stop line.
Hope that helps

Edited

Hello Dreamliner,

Thank you for good question

I have a little time now but will answer this question later today.
This is a part of my trading philosophy
I will wright detailed answer

OK, I figured you had a good reason for it, just wanted to hear it is all. Looking forward to reading your answer.

Hello Ezzy,

You are almost right. I just flipped the fib to other side. I use 38% and 61% as a zone and 23% as a Stop

Cheers

So I will explaine why I am a looser

Some time ago I have red a book about psichology.
I was intrested in reason why people have isues with drinking and gambling.
So that book was about people who has drinking isues. It was about AA club. I have read that book becouse I think that trading psychology, gambling psychology and drinking psychology is almost the same thing.
So when you are a drinker you have to live your life everyday fighting yourself not to take a drink. If you say "I will newer drink again" probably you will not succseed unless you have realy good will. But if you live your life day after day and every evening you look back to that day thinking "I have survived another day without a drink" you are succsesfull everyday. That gives you realy good motyvation.
So as a trader who has began his life in trading world I'm not a winner yet. I will not be a winner soon. I have a checkmark for 5 years. If 5 years i can be succsesfull trader and will have consistent proofit in my account I will begin to think about bein winner in this game. Maby it is lot or maby it is not i dont know. I will think about it when that date will come.
If we talk about money, FOREX is one of those things where I can loose all my money just like that without any bigger problems. But it is also one of that things where you can work hard and get enough money you want.
So probably I can say that earning money in forex market is lot harder that loosing. Its like staying sober is more dificult than drinking
So until my check mark I am not a winner but just a potential looser. I have to stay out of bigger problems every day to stay sober and trade one trade at a time.

So I am Janqie I am a looser. This is who I am and this is how I trade. I will stay sober and trade one trade at a time

Hope that explaynes a bit

Expectations after taking a trade

Ok this is first input of this strategy.
When I take a trade what can I expect price to do? I have few thingson my mind.
I can pray on price going to my side... Sometimes maby its not veary bad...
Or I can expect different price scenarios and react on actual situation.
First off all what I do?
When I'm planing my trade I am searching clues to buy or sell on fundamental news. My fundamental knowledge is weary poor now but I'm trying to learn it and I will maby during this year day after day.
Any way I'm doing it to know the mood of the market.
Second I have my play scenarios after taking a trade and I play according to them.
This is just for buyng. For selling would be visa versa.
So this is situation witch gives me opportunity to take a trade.

http://i53.tinypic.com/scgdop.jpg

Then after taking that trade I am expecting price to do four things.

#1

I'm buying in the zone and price is moving right to the "Stop Loss" It can be and it will be time after time and I can just try to search for another opportunity.

http://i51.tinypic.com/vws7xj.jpg

#2

Price can test the nearest high and then go to my stop. I can protect my trade and play "defence"

http://i53.tinypic.com/2nqxrwm.jpg

#3

Price can test high then come back to my entry and make consolidation.
Thats ok I also can play "defence"

http://i54.tinypic.com/nd7ixh.jpg

#4

Price can directly go in my side giving some proofit. This is for what can I pray... I play this scenario usualy.

http://i53.tinypic.com/24d3q05.jpg

"Defence"

Is simply just putting Stop loss just on next low witch is formed after trade. or just put Stop on BE when its possible.

http://i54.tinypic.com/28ahz5g.jpg