Hello from Thailand!
I am not native speaker. So, sorry for my poor English.
I’ve been trading for 5 years and I want to share my system to everyone.
I will trade EUR/USD only
1.Open 4H chart and wait for the 8.00AM(GMT+2) bar close. I call Z-Bar.
2.Check the different between high and low of Z-bar. For example Z pips
3.Check trend, normally I will use Hikenashi or looking for Super trend indicator on 1H chart.
4.Draw Fibo retracement from low to high if the bar and trend are bearish and form high to low if the bar and trend are bullish
5.Use area between 50.0 and 61.8 Fibo as entry area and waiting to enter long if the bar and trend are bullish and short if the bar and trend are bearish. You can check reversal from 5m or 15m to enter the trade.
6.Set stop loss for Z pips and take profit for Z pips too.
7.If the trend is bullish but Z bar is bearish so you can long when Z-bar closes. If trend is bearish but the Z-Bar is bullish you can shot when Z-bar closes. TP/ST same as 6.
8.After another 3 bars, please close all trades.
Money Management
Trade to take profit or loss only for 5% of your margin
Ex. If you have 10000USD so you can win or loss only 500USD/trade
so if Z-bar have 50 pips, you can enter for 1 lot
That all!!
Any question or Idea are welcome
I am not native speaker. So, sorry for my poor English.
I’ve been trading for 5 years and I want to share my system to everyone.
I will trade EUR/USD only
1.Open 4H chart and wait for the 8.00AM(GMT+2) bar close. I call Z-Bar.
2.Check the different between high and low of Z-bar. For example Z pips
3.Check trend, normally I will use Hikenashi or looking for Super trend indicator on 1H chart.
4.Draw Fibo retracement from low to high if the bar and trend are bearish and form high to low if the bar and trend are bullish
5.Use area between 50.0 and 61.8 Fibo as entry area and waiting to enter long if the bar and trend are bullish and short if the bar and trend are bearish. You can check reversal from 5m or 15m to enter the trade.
6.Set stop loss for Z pips and take profit for Z pips too.
7.If the trend is bullish but Z bar is bearish so you can long when Z-bar closes. If trend is bearish but the Z-Bar is bullish you can shot when Z-bar closes. TP/ST same as 6.
8.After another 3 bars, please close all trades.
Money Management
Trade to take profit or loss only for 5% of your margin
Ex. If you have 10000USD so you can win or loss only 500USD/trade
so if Z-bar have 50 pips, you can enter for 1 lot
That all!!
Any question or Idea are welcome
