First of all this is my first thread on this forum after a silent "follower" profile for a long time...Like all of the traders I also have been searching for the holly grail in the first years of my trading experience which lasted in many experiences in both good and bad sides. I tried many indicators , systems which led me into big mistakes...and I many times failed.Each failure taught me things...and I also want to thank those people on this forum who were humble enough to answer my rookie questions...
In this thread I will never use any indicators or oscillators except the default drawing stuff in MT4...All of my experience has shown that drawing is the best system in forex market. Besides this mentality , Andrew's Pitchforks , equidistant channels and Fibonacci usage style of Bobokus have been really effective on my trading style...
Suggested Threads on Forexfactory :
1-Andrew's Pitchforks : http://www.forexfactory.com/showthread.php?t=76597
2- Elliot wave Theory : http://www.forexfactory.com/showthread.php?t=201169
3- Simple Trades By Saxon : http://www.forexfactory.com/showthread.php?t=230625
4- Fibonacci Tradeing with Bobokus : http://www.forexfactory.com/showthread.php?t=50767
There are only two patterns according to my understanding of the market movements.And I believe that the market movements can be identified and caught as long as we detect those patterns (you can see them in the picture).The price has two alternatives when its moving...it will go either up or down and there are no other options...so the analysis on a pair shud be based on the movements on the axis of (+y) and (-y) . In other words when we are making analysis on a price which moves up and down , there is no need to include the axis of (+x) and (-x) in our analysis...All we need to do is to use horizantal lines instead of trendlines...
The market is either choppy or trending...and what I do not accept is the existence of the "chhoppy" term...because it is something about the "time" factor...but what gives profit to us is the movements in the price...not the time...so instead of making the analysis more complex by including "time" targets , we shoud focus on price movements and the targets...thats why horizantal lines are very important to me...
Apart from their importance while detecting support and resistence levels , horizantal lines shud have flexibility in the forex market...For example if we are mostly trading in H4 time frame , then our horizantal lines shud have a thickness around 40-50 pips ...so that I will use 50 pips thick supoport and resistence "area"s instead of using only thin lines....
MARTINGALE is another instrument in my way of trading...It is essential to notice that I used the word "instrument"...because it might be veeery destructive if it is used as the basic mentality...so I just use it as an instrument integrated into my way of trading...and I know that its scary to even hear its name.But I am here for making money , and martingale money menagement fits the best ...And i have a detailed money menagement plane for martingale startegy which involves max 7 failure-opportunity.And up to now i have never seen the 7th stage...max i reached 4th stage.And one more thing : you need min 2250-2500 dollars to trade in this way...i can write the money menagement sequence if asked..
MONEY MENAGEMENT : Page 3 , Post 42
So I will be using basicly :
1- Horizantal Lines and Vertical Lines
2- Squares , circles , triangles , selymfan (my own version of fan)
3- Equidistant Channels
4- Sometimes Pitchforks
5- Fibonacci (Bobokus' mentality)
I believe that the market moves in a harmony and this harmony can be detected when we are talented enough to detect the personality of the last "completed wave"...and I will try to analyse the pairs by the use of those waves by measuring their characteristics...And VOLUME will never be included in my style , and news too ! That is why I will call this thread as :
Draw 'n Trade !!
You can see the details of my past positions on ZuluTrade :
http://www.zulutrade.com/TradeHistor...aspx?pid=89741
Regards....
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
IMPORTANT : All the information here in this thread are my personal analysis and ideas.I hope you guys will help me improve myself by asking questions and helping me to see my mistakes..I am still on the process of improvement...and i think i ll remain in this stage forever...
In this thread I will never use any indicators or oscillators except the default drawing stuff in MT4...All of my experience has shown that drawing is the best system in forex market. Besides this mentality , Andrew's Pitchforks , equidistant channels and Fibonacci usage style of Bobokus have been really effective on my trading style...
Suggested Threads on Forexfactory :
1-Andrew's Pitchforks : http://www.forexfactory.com/showthread.php?t=76597
2- Elliot wave Theory : http://www.forexfactory.com/showthread.php?t=201169
3- Simple Trades By Saxon : http://www.forexfactory.com/showthread.php?t=230625
4- Fibonacci Tradeing with Bobokus : http://www.forexfactory.com/showthread.php?t=50767
There are only two patterns according to my understanding of the market movements.And I believe that the market movements can be identified and caught as long as we detect those patterns (you can see them in the picture).The price has two alternatives when its moving...it will go either up or down and there are no other options...so the analysis on a pair shud be based on the movements on the axis of (+y) and (-y) . In other words when we are making analysis on a price which moves up and down , there is no need to include the axis of (+x) and (-x) in our analysis...All we need to do is to use horizantal lines instead of trendlines...
The market is either choppy or trending...and what I do not accept is the existence of the "chhoppy" term...because it is something about the "time" factor...but what gives profit to us is the movements in the price...not the time...so instead of making the analysis more complex by including "time" targets , we shoud focus on price movements and the targets...thats why horizantal lines are very important to me...
Apart from their importance while detecting support and resistence levels , horizantal lines shud have flexibility in the forex market...For example if we are mostly trading in H4 time frame , then our horizantal lines shud have a thickness around 40-50 pips ...so that I will use 50 pips thick supoport and resistence "area"s instead of using only thin lines....
MARTINGALE is another instrument in my way of trading...It is essential to notice that I used the word "instrument"...because it might be veeery destructive if it is used as the basic mentality...so I just use it as an instrument integrated into my way of trading...and I know that its scary to even hear its name.But I am here for making money , and martingale money menagement fits the best ...And i have a detailed money menagement plane for martingale startegy which involves max 7 failure-opportunity.And up to now i have never seen the 7th stage...max i reached 4th stage.And one more thing : you need min 2250-2500 dollars to trade in this way...i can write the money menagement sequence if asked..
MONEY MENAGEMENT : Page 3 , Post 42
So I will be using basicly :
1- Horizantal Lines and Vertical Lines
2- Squares , circles , triangles , selymfan (my own version of fan)
3- Equidistant Channels
4- Sometimes Pitchforks
5- Fibonacci (Bobokus' mentality)
I believe that the market moves in a harmony and this harmony can be detected when we are talented enough to detect the personality of the last "completed wave"...and I will try to analyse the pairs by the use of those waves by measuring their characteristics...And VOLUME will never be included in my style , and news too ! That is why I will call this thread as :
Draw 'n Trade !!
You can see the details of my past positions on ZuluTrade :
http://www.zulutrade.com/TradeHistor...aspx?pid=89741
Regards....
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
IMPORTANT : All the information here in this thread are my personal analysis and ideas.I hope you guys will help me improve myself by asking questions and helping me to see my mistakes..I am still on the process of improvement...and i think i ll remain in this stage forever...
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Attached File(s)
Imagination rules the world ...
Selym Hyll Return This Year:
na
