A "new" simple system based on MA

Thanks for your answer :-)

Cant wait read your PDF:-)

You will have to wait because it is very difficult to translate all my ebooks in English. Also I had health complications after my car accident and my injury....so I came back to the hospital !

I hope that it will be over soon !!! Health is the most important in your life and more over for a trader : if you are not ok, you cant trade well...that's why I did not post any chart. It is a part of discipline : you have to consider trading like a pro, it means that you must consider it as your professionnal business even if you are a part time trader. And when you have health problems, please dont trade otherwise you will take too much risk.

I hope you understand why I did not post neither translate my ebook. I will post charts this week-end to look at opportunities that happened this week but it is only paper trading to keep this thread alive lol ! But do not hesitate to post YOUR charts lol. Thanks to all followers that post their charts, and those who voted at the poll.

I also stopped my project of setting up a blog at this moment but it would be a great way to give you all the information about ebooks, trade signals, trainings, coaching etc... And you will discover why my students become successful trader at 90% (they earn money). Feel free to give me your point of view about this project !
Why this project ? Because all blogs that I know are focused on systems they teach and sell you : even if it is a part of your future success, it is not the most important one. Never forget that if you dont use any system except your "luck" you have 50% chance to succeed in trading because you can lose or win (a B/E trade should be consider as a winning one). I mean you can place a buy or sell order, put your target at 30 pips and your SL at 15 pips for example (depending on the volatility), and your winning probability is 50% ! Do you ever want to invest your money and/or your time only in a trading system ??? Think about it !!!

So feel free to give me your feedback, continue to post your charts, vote for the system, ask your questions and continue to earn pips !

So here is a first chart on the SP500 market. We have an A+ setup allowing you to get almost 50 pips very safely !!! Look at th echarts to get more explanations...

love your charts and understand what u say, but i have much to learn

Dont be afraid ! You will always learn in this business ! Believe me ! And that's why I want to set up a blog : I will learn from every people....

thanks for your post i love this strategy but i had much looser because of wrong timing

how much time of the day u trading?

It depends on the time I have ! For your interest, I have now 2 accounts : 1 long term account trading with Weekly/daily/4h-1h charts and 1 short term trading on 1h-15min/ 5 min / 1min. On the first account I dont need to be behind my screen all time and I trade through sms alerts. For the second account, the short term one, I can trade all the day waiting for the best seutps like a cheetah. So it depends on what the market wants to give you. The best way is to select the markets you want to trade, looking at longer time frame to see if the market is ranging or trending. Trade trending markets so that you will capitalise on big movements, giving you more pips. If you do your job, you will get easily 100 pips per week (20 pips per day). That is the way I trade on short time frames.

It sounds good.
i have a question too: what was the turing point when You became a successful trader? You wrote, You had too some losing years in forex market before You can change Your mind. What was the psychological aspect by Your opinion?

Just an other stuff for this strategy , use it if You like.
I modified a CCI Candle indicartor for this strategy. For the trend it use RSI (default is 24), for timing stochastic (5,3,3) indicators.

Hello everyone love this strategy and am using it and i actually make about 60 pips from it yesterday, couldnt believe it myself but this thing works but Just to clarify one thing, it is said that you must check the 5 minute for trend then go to the 1 minute for the pull back but when exactly do you go to the 1 minute for a pull back that is my point, do you wait for a pull back on 5 minute first to to go in over sold for a buy then go to 1 minute forconformation or once the trend is up and it doesn't matter if there's a pull back on 5 minute or not you just go to 1 minute for pull back with stoc then jump in. I hope my question makes sense !

Hi Bowforex ! It is a really good question, maybe one of the best asked on this thread. Why ? Because I think it is the key to become a successful trader : understanding the psychology to be a better trader and after a lot of work a successful one. I mean, dont you see that there is lots of forex or trading forums introducing you to many techniques ? But what is the reality ? 95% of traders are losers ! So I think that the system you use is not the most important thing. When I understood that I tried to get the key to become successful. And after many researches and test I had a "declic" : I analysed all my trades over the 5 past years !!! I saw that I changed a lot of systems without any result, I saw that less than 20% of my trades caused 80% of my losses, I saw that when I trade on mid term charts my results were higher etc...

Then I decided to treat trading as a business not as a game or as a get rich quickly scheme. My first objective was to select my trades (only A+ setups) on mid term charts (15min/1h), considering the whole trend on longer time frames (4h/Daily). It was on paper trading. Without knowing it I worked on the payoff ratio ! After two months of good results, I decided to get my second goal : get pips on regular basis. It means that I worked on my winning ratio. Then after two months of good results, I decided to focus on my third goal : maximizing the size of position ! And this was very clear for me : when you get confidence, you can easily increase the size of your position without being stressed out of your feelings....THAT WAS THE DAY I BECAME CONSCIOUS OF THE POWER OF PSYCHOLOGY IN TRADING. So I read lots of books on psychology to master my feelings and I developped mental strength to become successful trader : discipline, logical, mathematician spirit, making fast decision, relaxing techniques etc...

Then I developped my all system to be the most confortable I can and I made a routine before trading : it is nothing but a professionnal trading plan ! Something you MUST respect everyday, and something which make you a successful trader on the long term. Large banks such as GS or UBS has solid rules their traders must respect anyway : it is a trading plan. And I think that most of independant traders have a good knowledge on technical analysis after years on the market, but many of them dont have any trading plan yet. So they are always looking at new systems, at optimization ways too, only to get a martingale with an hypothetical 100% of winning rate ! It is like the alchimist....and that's why forums like forex factory are so popular !!! Because it gives you lots of technique and some of people here let you believe that it is the key to get the best the system to become successful. Let me say you that there are lots of good systems here but it cant be the only thing that will make you a successful trader : it is a part of the success for sure, but only a little part !

Hope this post can be useful for many people ! Thank you Bowforex for asking me this question.

Thank You Hmaoui, yes, these are useful and important informations for me and for other.

I agree with you hmaoui and can relate to what you have written. And I also know many pro traders who share the same thoughts about THE turning point of becoming a profitable trader.

It's not about the system, or a missing indicator that makes people blow up their accounts. It's about the mental aspect of trading. And it's not about finding THE perfect entry. It's about your mind and how you approach your trading and the markets.

I also think that many 'great' systems are being shared here. BUT every trader has to develope their own method that suits ones needs, psychology and lifestyle.

However, posts like yours above are way more important than any entry-method shared! Thank you!

Thank you Hmaoui for your recent post! That is one I will reread many times SLOWLY to get all the info from it.Perfect!

And you will improve your performance if you remember these principles everyday before opening any trade !

Now, to focus on trading, I partially just exited form 2 trades : A long on Gold (where I have only 10 lots with a SL placed at 1304 and a target at 1313) and a short on GBP/USD (totally exited). I took these 2 trades with high confidence because I consider it as A+ setups. Look at the charts attached.

Hi Hmaoui! A few days later i reviewed Your post about trading psychology, it is now clear for me, that what you're talking about the backtesting. So backtesting not about the strategy, not about buy and sell entries. Backtesting is for find the right behavior, lost fears, and find my trading way.
Thank You again, it was a very useful gift for my birthday (40th ). I start a massive backtesting.

Hi, Bow. Nice template for this system. Can you post it here please ?

Happy to help you ! Is it a good gift for your 40 years' birthday ?