Thursday, July 28, 2011

Simple 4 Hours

Indicators: EMA 30, CCPI, IBFX Weekly Pivot, Fibonacci Expension / Retarecement
Time Frame: 4 hour

Trading Plan:

1. Look at CCPI. Only open trades on pairs that has at least -50/+50. Do not trade in between that.

2. Look at EMA 30. If price is above EMA 30 and the signal is sell, plot Fibo Retracement to set TP. Otherwise, use Fibo Extension to set TP.

3. Look at Weekly Pivot. Price has to exceed / break the reversal point. If price is at the pivot line / support / resistance, do not enter. You may open a pending order a few pips above / below the reversal point. Otherwise, just check it out again after 4 hours.

4. To set TP, you need to make sure the fibo point is as close as possible to the Reversal points (Pivot). Do not exceed it. For example, if R1 is between 100% and 161%, set TP at 100%.

5. Use a 5% money management.

6. Sometimes, CCPI will falls on the same line as EMA 30, Pivot. Just be patient and wait for it to break / reverse.

Sunday, July 17, 2011

Swing: Zigzag - EMA 30 - Stoc - Fib

Indicators needed:
1. Zigzag
2. EMA 30
3. Stochastic
4. Fibonacci Retracement or Extension

Time Frame: H4 / D1

Trading Plan:
1. Look at zigzag. Make sure it has finished performing its upward/downward move.
2. Look at stochastic. Make sure it is crossing over from either overbought/oversold level.
4. Draw a fibonacci retracement if price is above EMA 30 when you sold. TP at 50%.
5. Draw a fibonacci retracement if price is below EMA30 when you bought. TP at 50%.
6. Draw a fibonacci expension if price is below EMA30 when you sell. TP at 100%.
7. Draw a fibonacci expsension if price is above EMA 30 when you buy. TP at 100%.

Example:
1. EUR/USD
200 pips

2. USD/JPY
70 pips

3. GBP/USD
60 pips

4. USD/CHF
70 pips

5. AUD/USD
100 pips

6. EUR/CHF
170 pips

7. EUR/JPY
75 pips

8. EUR/GBP
-77 pips

Monday, July 4, 2011

Parabolic - Stoch -RSI

1. Look at 2 time frames. (M5/M30, M15/H1, /H1/H4, H4/D1)
-trend at either m30/h1/h4/d1
-entry at either m5/m30/h1/h4

2. Look at trend.
-parabolic must be buy/sell
-Stochastic must be just from overbough to oversold or vice versa
-RSI must below/above 50

3. Look at entry TF accordingly.
- Conditions must match the trend conditions above except that stochastic not
 necessarily from overbought/oversold.

4. PLot Fibo expension to determine TP.

5. Set SL below the entry bar

Bollinger - RSI - MACD

Indicators needed:

  • Bollinger band - to set TP 
  • RSI 
  • MACD
Trading Rules:
  1. Make sure price has hit the either ends of the bollinger bands / the middle line of the bollinger band.
  2. RSI must be below/above 50.
  3. MACD must be above/below the 0.0 line
  4. Once all these conditions happens, enter the trade and set TP at the either end of the bollinger band.
  5. Set SL on the latest support or resistance.