fxrabbiM15Bomb: PA Around Breakout & Pullback Trading | Forex Factory

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fxrabbiM15Bomb: PA Around Breakout & Pullback Trading

  • #1
  • First Post: Edited Jul 16, 2016 4:40pm Jul 11, 2015 12:42pm | Edited Jul 16, 2016 4:40pm
I have been around for a while trading the above system with great success rate, although I did not invented anything new and the few indicators use were gotten free from FF, my credit to them all.

As I said above, my trading system was built round 3 differrent trading system, but not in their totality, so my credit to them all.

Methodology:

1. PA
2. Trend
3. Strength
4. Momentum
5. Sync in pairs

We are using PA in two ways:

1. Breakout Trading: Constrainment.

10EMA - yellow/35SMA - blue/50EMA - red

2. Pullback Trading: 10EMA Touch:

10EMA




Components:

1. 10EMA - yellow/35SMA - blue/50EMA - red.
2. 5EMA - (lime & red arrow) - with 2 shift.
3. Shochastic Oscillators - (19 types).
4. CCI - lime & red arrow.
5. Round Number.
6. Pivot-points.


TimeFrames:

1. M15 TF - Entry.
2. H1 TF - Direction.




Trading Rules:



1. No trading H1 before Red News and M30 after Red News.
2. No trading the "Porcupine" candles.
3. Avoid any S+R ahead.
4. Trading Pairs: EURUSD, EURJPY, GBPUSD, & GBPJPY.
5. Trading Hours: London Open - London Close.
6. Minimum Daily Target: 20pips.
7. Always look for strength and sync status of the pairs you are going to trade.
8. Take Profit: 20pips.
9. Breakeven: 10pips.
10. Stop Loss: 10pips.
11. Stop trading after reaching daily target.
12. Stop trading for the day after 3 losses.

To your success:
Attached Image (click to enlarge)
Click to Enlarge Name: fxrabbi-trade-distilled-2.png Size: 93 KB
Time always comes before price
  • #2
  • Jul 11, 2015 1:45pm Jul 11, 2015 1:45pm
hello, you do not have a template file?
  • #3
  • Jul 11, 2015 1:52pm Jul 11, 2015 1:52pm
Hello fxrabbi

Can you kindly upload couple of screens with your setup showing the break out as well as pull back?
  • #4
  • Jul 11, 2015 1:53pm Jul 11, 2015 1:53pm
Quoting mickael58
hello, you do not have a template file?
posted above
Time always comes before price
  • #5
  • Edited 2:10pm Jul 11, 2015 1:57pm | Edited 2:10pm
Quoting chandan655
Hello fxrabbi Can you kindly upload couple of screens with your setup showing the break out as well as pull back?
Let meet here on Monday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 46 KB
Click to Enlarge Name: 2.png Size: 46 KB
Time always comes before price
  • #6
  • Jul 12, 2015 5:50am Jul 12, 2015 5:50am
Breakout Trading: Constrainment:

1. Only trade with the trend of the moment, and there must be some trend.

2. At least three wicks in a row, or the body of three candles in a row, touch one of the MAs and then are rejected by the MA.

3. It's best if the candles are small and in a well defined high/low range.

4. There is no larger MA in the way of the trade.

5. The last candle before entry must close on the trend side of the MA.

6. Enter on the next touch of the MA.

7. Good trend: 35SMA/50EMA steep and parellel.





Pullback Trading: 10EMA Touch:

1. Only trade with the trend of the moment. (Trend of the moment is defined by price and the 10EMA in relation to the 35SMA/50EMA).

2. 10EMA is very steep. (as if pointing at 1 or 5 O' Clock).

3. Price moves 12-15 or more pips/one or two bars to touch the 10EMA.

4. First touch of 10EMA: Take it.

5. Second touch of 10EMA: Maybe if PA looks strong.

6. Never trade against the H1, if M15 conflicts with H1 then stay out.


Yomi
Time always comes before price
  • #7
  • Jul 12, 2015 6:08am Jul 12, 2015 6:08am
Confirmation of Trades:

We will use the followings to confirm our trades/setups before taking them:

1. Stochastic Oscillators - Trend Direction and Strength (Filter to trades).

2. Psylevel Dashboard - sync in pairs.

3. Currency Strength -( Giraia) - Strength.

4. Kingpips - CCI - Momentum.

5. 5EMA - with 2 shift - Momentum.



Yomi
Time always comes before price
  • #8
  • Jul 12, 2015 6:15am Jul 12, 2015 6:15am
Someone can do this EA easily.
  • #9
  • Jul 12, 2015 8:48am Jul 12, 2015 8:48am
Quoting fxrabbi
Breakout Trading: Constrainment: 1. Only trade with the trend of the moment, and there must be some trend. 2. At least three wicks in a row, or the body of three candles in a row, touch one of the MAs and then are rejected by the MA. 3. It's best if the candles are small and in a well defined high/low range. 4. There is no larger MA in the way of the trade. 5. The last candle before entry must close on the trend side of the MA. 6. Enter on the next touch of the MA. 7. Good trend: 35SMA/50EMA steep and parellel. Pullback Trading: 10EMA Touch: 1....
Hmmmmm......
  • #10
  • Jul 12, 2015 11:41am Jul 12, 2015 11:41am
Quoting kostas1
{quote} Hmmmmm......
I am sure you have never seen this one
  • #11
  • Jul 12, 2015 11:42am Jul 12, 2015 11:42am
Quoting fxrabbi
Confirmation of Trades: We will use the followings to confirm our trades/setups before taking them: 1. Stochastic Oscillators - Trend Direction and Strength (Filter to trades). 2. Psylevel Dashboard - sync in pairs. 3. Currency Strength -( Giraia) - Strength. 4. Kingpips - CCI - Momentum. 5. 5EMA - with 2 shift - Momentum. Yomi
looking forward to see this in action!
  • #12
  • Jul 12, 2015 12:18pm Jul 12, 2015 12:18pm
Quoting tonny47
{quote} I am sure you have never seen this one

No, tonny, he's my Boss o.....,hope I'm permited to fire on.....I want to put the house on fire, thanks for being an inspiration to so many of us.


Yomi
Time always comes before price
  • #13
  • Jul 12, 2015 1:03pm Jul 12, 2015 1:03pm
H1....
Attached Image (click to enlarge)
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Time always comes before price
  • #14
  • Jul 13, 2015 3:02am Jul 13, 2015 3:02am
EURUSD to TP +BE = 20pips + 10pips = +30pips

Trade Ideas:

1.Breakout.
2. Stoch Rope - break 50 line.
3. Momentum. - 5ema + CCI.


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM15.png Size: 42 KB
Time always comes before price
  • #15
  • Jul 13, 2015 3:09am Jul 13, 2015 3:09am
2nd trade of the day: total 40pips

EURUSD to BE = +10pips.


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM15.png Size: 42 KB
Time always comes before price
  • #16
  • Jul 13, 2015 3:41am Jul 13, 2015 3:41am
Quoting fxrabbi
2nd trade of the day: total 40pips EURUSD to BE = +10pips. Cheers, Yomi {image}
Hi Yomi.

well trade.
But i really don understand how u trade.
ANywhere i still stick to M30 trading.

Have a nice pipping day
Trade With PDF & Wisdom
  • #17
  • Jul 13, 2015 6:03am Jul 13, 2015 6:03am
Quoting MosesNMY
{quote} Hi Yomi. well trade. But i really don understand how u trade. ANywhere i still stick to M30 trading. Have a nice pipping day
Try to learn both systems, both are very good.

Cheers,
Yomi
Time always comes before price
  • #18
  • Edited 7:45am Jul 13, 2015 6:40am | Edited 7:45am
Taking Trades:

Stochastic Oscillator:

1. Rope - Trade the rope.

2. Combs in Threads - Stay in trade.

3. Fishnet in Threads - Stay out of trade.


NB:

When all the stochastics converge together we'll see one thick line and that is when we trade. We just follow the trade until our rope beings to unravel.


Cheers,
Yomi
Time always comes before price
  • #19
  • Jul 13, 2015 7:01am Jul 13, 2015 7:01am
Quoting fxrabbi
Taking Trades: 1. Rope - Trade the rope. 2. Combs in Threads - Stay in trade. 3. Fishnet in Threads - Stay out of trade. NB: When all the stochastics converge together we'll see one thick line and that is when we trade. We just follow the trade until our rope beings to unravel. Cheers, Yomi
what's the name of your stochastic oscillator in your download zip? thank you -jason
  • #20
  • Edited 7:42am Jul 13, 2015 7:24am | Edited 7:42am
EURJPY to TP = +20pips


Trade Ideas:

1. after the touch of 10ema/R3/RN-136.600 - confluence.
2. CCI - kingpips.
3. Strength


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 44 KB
Time always comes before price
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