Objective :To develop new method which is suit my personality.No holy Grail ..but want to win Big, play safe ,no more uncertainty ,waiting for big chance and do the ALL-In just like holding a Straight Flush/Royal Flush card formation for Poker game!
About SONS (works for GBPJPY)
========
"SONS"= Strike or No Strike !
No element of "i think ...,No indicator..all the way by naked eye!"
====================================================================
One thing that our mind loves to do is predicting the next events using Previous Events and Data
(Represent by indicators).
Our mind is used to do that. And when we start learning and trading Forex, it will do it more because we “think” that prediction is an important part of forex trading,no by trading system shows on the Charts.
You should learn to ignore your mind predictions and see only something that is In Front oF Your Eyes. You see the chart. Plot your lines. Analyze the market movements and if there is a trade setup, you take the position. If there is no trade setup, you just shift to another chart or currency pair.
" This is taking an action based on some rules and signals.Like when you drive. If you see a red light, you stop. If you see a green light, you move."
Core of Technical Analysis
Reason on choose GBPJPY:
========================
"GBP/JPY :king of the currency pairs for private forex traders. Reasons:it is so volatile and strong. Its trading signals are Sharp and Strong (Easy to form chart pattern) and it has a wide movement scale."
P/s:Only use FXCM Metatrader 4 broker for providing more sharp and accurate signals.Please leave a comment if you found out that any broker that providing signal as good as FXCM broker.
How is this method works:
1)Setting :-
Download files,follows instructions.
2)Creates 3 chart for GJ, 1 chart for H4, 2 chart for H1 using template that i prepared.
H4 Chart
H1 Chart (Auto Pivot Plotter)
H1 Chart (FiboPiv--Seldom to use ,but i will explain this in future post)
3)Implement it !
Step 1.H4 Chart
Identify formation of Double Bottom/Triple, R H@S or Double Top/Triple Top, H@S ONLY!! (in this case, double bottom)
P/s :Trend can be more confirm by using rectangular/flag/pennant/triangle
Tips: It is possible that distance in between the peak of doubles are more than 23 hours/24 hours/1day.
http://img855.imageshack.us/img855/7422/80201496.gif
Step 2:
Switching H4 chart to H1 Chart (by pressing candle button +H1 button)
http://img708.imageshack.us/img708/8184/31320651.gif
http://img442.imageshack.us/img442/6918/46728834.gif
Step 4:Compare it with another H1 chart (Auto Pivot Plotter) and using trend lines to draw flat lines for double bottom(in this case)
Tips: It is possible that distance in between the peak of doubles are more than 23 hours/24 hours/1day.
Triple top/bottom +Head & Shoulder (Refer to diagram below)
http://img845.imageshack.us/img845/567/42544484.gif
Tips: It is possible that distance in between the peak of doubles are more than 23 hours/24 hours/1day.
Triple top/bottom +Head & Shoulder/Reverse H&S (Refer to diagram below)
Step 5:Use pivot +7Eleven (8-11candle ~ confirmation can be done after 12 noon each day) to identify possible entries ~
Entries can be done after 2.30pm (Malaysia time +8)
But how??: Double/Triple Bottom +R H&S :Make sure candle from 8am to 11am are ABOVE pivot point.Even One single candle with wick of candle touch pivot or crossing pivot point also consider VOID.
Double/Triple Top + H&S :Make sure candle from 8am to 11am are BELOW pivot point.Even One single candle with wick of candle touch pivot or crossing pivot point also consider VOID.
http://img217.imageshack.us/img217/7696/97640010.gif
CAUTION:
Non Farm Payroll news @ 1st week Friday.No trade
So..TAYOR!
How to take profit?:
1.Simple Take Profit method (STPM) :"Profit for ?? lots =Margin Requirement for ?? lots -->Exits for sure !"
Example 1:
Margin Requirement :USD 750k ..Profit must max USD 750k ...!Remember ~play safe!
2.NO MORE Trade before Non Farm Payroll happens!
Stay tuned~
Investment Warning declaration :
=====================
Trading foreign exchange, carries a high level of risk, and may not be suitable for all investors. The possibility
exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate
with capital that you cannot afford to lose. Before deciding to trade you should carefully consider your objectives,
financial situation, needs and level of experience. You should be aware of all the risks associated with trading on
margin. I just provides general advice that does not take into account your objectives, financial situation or needs.
The content of this post must not be construed as personal advice.
By using the method inside this post, the reader agrees not to hold me as the owner,for decisions that are based on
information contained in posts in the forum. I ,as the Owner of this post highly recommends that before making a
decision, the reader collects several opinions related to the decision and verifies facts from at least three
independent sources. Trading is a risky business and you should therefore never make a decision based solely on the
information found on this post.
Material declaration :
=============
I as the owner on this post, takes no responsibility for, nor does it endorse or recommend, any third-party
informatics figure,diagram or graph which are posted on the post other then my original chart diagrams, nor does it
take any responsibility for content provided by its writers. You will not hold me as the Owner of this post, its subsidiaries and or affiliates responsible for the illegality or any error and inaccuracy.I do NOT OWN pivot indicators (Auto Pivot+FiboPiv),those two indicators are found on net.
P/s :About me, a usual worker @ Malaysia, on process to collect capital to start up my real account trading.
Facebook Page for SONS :http://www.facebook.com/lambor7e
About SONS (works for GBPJPY)
========
"SONS"= Strike or No Strike !
No element of "i think ...,No indicator..all the way by naked eye!"
====================================================================
One thing that our mind loves to do is predicting the next events using Previous Events and Data
(Represent by indicators).
Our mind is used to do that. And when we start learning and trading Forex, it will do it more because we “think” that prediction is an important part of forex trading,no by trading system shows on the Charts.
You should learn to ignore your mind predictions and see only something that is In Front oF Your Eyes. You see the chart. Plot your lines. Analyze the market movements and if there is a trade setup, you take the position. If there is no trade setup, you just shift to another chart or currency pair.
" This is taking an action based on some rules and signals.Like when you drive. If you see a red light, you stop. If you see a green light, you move."
Core of Technical Analysis
Reason on choose GBPJPY:
========================
"GBP/JPY :king of the currency pairs for private forex traders. Reasons:it is so volatile and strong. Its trading signals are Sharp and Strong (Easy to form chart pattern) and it has a wide movement scale."
P/s:Only use FXCM Metatrader 4 broker for providing more sharp and accurate signals.Please leave a comment if you found out that any broker that providing signal as good as FXCM broker.
How is this method works:
1)Setting :-
Download files,follows instructions.
2)Creates 3 chart for GJ, 1 chart for H4, 2 chart for H1 using template that i prepared.
H4 Chart
H1 Chart (Auto Pivot Plotter)
H1 Chart (FiboPiv--Seldom to use ,but i will explain this in future post)
3)Implement it !
Step 1.H4 Chart
Identify formation of Double Bottom/Triple, R H@S or Double Top/Triple Top, H@S ONLY!! (in this case, double bottom)
P/s :Trend can be more confirm by using rectangular/flag/pennant/triangle
Tips: It is possible that distance in between the peak of doubles are more than 23 hours/24 hours/1day.
http://img855.imageshack.us/img855/7422/80201496.gif
Step 2:
Switching H4 chart to H1 Chart (by pressing candle button +H1 button)
http://img708.imageshack.us/img708/8184/31320651.gif
http://img442.imageshack.us/img442/6918/46728834.gif
Step 4:Compare it with another H1 chart (Auto Pivot Plotter) and using trend lines to draw flat lines for double bottom(in this case)
Tips: It is possible that distance in between the peak of doubles are more than 23 hours/24 hours/1day.
Triple top/bottom +Head & Shoulder (Refer to diagram below)
http://img845.imageshack.us/img845/567/42544484.gif
Tips: It is possible that distance in between the peak of doubles are more than 23 hours/24 hours/1day.
Triple top/bottom +Head & Shoulder/Reverse H&S (Refer to diagram below)
Step 5:Use pivot +7Eleven (8-11candle ~ confirmation can be done after 12 noon each day) to identify possible entries ~
Entries can be done after 2.30pm (Malaysia time +8)
But how??: Double/Triple Bottom +R H&S :Make sure candle from 8am to 11am are ABOVE pivot point.Even One single candle with wick of candle touch pivot or crossing pivot point also consider VOID.
Double/Triple Top + H&S :Make sure candle from 8am to 11am are BELOW pivot point.Even One single candle with wick of candle touch pivot or crossing pivot point also consider VOID.
http://img217.imageshack.us/img217/7696/97640010.gif
CAUTION:
Non Farm Payroll news @ 1st week Friday.No trade
So..TAYOR!
How to take profit?:
1.Simple Take Profit method (STPM) :"Profit for ?? lots =Margin Requirement for ?? lots -->Exits for sure !"
Example 1:
Margin Requirement :USD 750k ..Profit must max USD 750k ...!Remember ~play safe!
2.NO MORE Trade before Non Farm Payroll happens!
Stay tuned~
Investment Warning declaration :
=====================
Trading foreign exchange, carries a high level of risk, and may not be suitable for all investors. The possibility
exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate
with capital that you cannot afford to lose. Before deciding to trade you should carefully consider your objectives,
financial situation, needs and level of experience. You should be aware of all the risks associated with trading on
margin. I just provides general advice that does not take into account your objectives, financial situation or needs.
The content of this post must not be construed as personal advice.
By using the method inside this post, the reader agrees not to hold me as the owner,for decisions that are based on
information contained in posts in the forum. I ,as the Owner of this post highly recommends that before making a
decision, the reader collects several opinions related to the decision and verifies facts from at least three
independent sources. Trading is a risky business and you should therefore never make a decision based solely on the
information found on this post.
Material declaration :
=============
I as the owner on this post, takes no responsibility for, nor does it endorse or recommend, any third-party
informatics figure,diagram or graph which are posted on the post other then my original chart diagrams, nor does it
take any responsibility for content provided by its writers. You will not hold me as the Owner of this post, its subsidiaries and or affiliates responsible for the illegality or any error and inaccuracy.I do NOT OWN pivot indicators (Auto Pivot+FiboPiv),those two indicators are found on net.
P/s :About me, a usual worker @ Malaysia, on process to collect capital to start up my real account trading.
Facebook Page for SONS :http://www.facebook.com/lambor7e
Attached File(s)
