DAY TRADING FOREX WITH CCI INDICATOR

LONG TRADING SETUP

1. 14-period CCI moves above 100
2. At least one bar closes down (retracement)
3. Enter one tick above bull trend bar

If CCI falls below -100 at any point, the trading setup is void.

SHORT TRADING SETUP

1. 14-period CCI moves below -100
2. At least one bar closes up (retracement)
3. Enter one tick below bear trend bar

If CCI rises above 100 at any point, the trading setup is void.

WINNING TRADE – SHORT CCI DAY TRADE

This is a 30-minute chart of 6E futures contract.

1. CCI fell below -100 line and set the stage for short trades.
2. This bar closed up as the first sign of retracement. We went on high alert for a bear trend bar as a signal bar.
3. This small bar could have been our trigger but price did not go below it to trigger our sell stop order. Instead, we went short at bearish inside bar (red arrow).

LOSING TRADE – LONG CCI DAY TRADE

This trade actually worked, if not for the outside bar that whipsawed us out of our position.

1. CCI went above 100.
2. Prices retraced down for two bars before giving us a bull trend bar for entry. However, right after we entered the long trade, an outside bar stopped us out by one tick. (As always, we placed our stop-loss a tick below the signal bar.)
3. Long trading setups that allow us to enter below the high of the CCI break-out bar tend to work better. The reverse is true for short trades.

CONCLUSION – DAY TRADING WITH CCI

This simple trading strategy uses CCI to find momentum before we trade along with it. Waiting forretracement before entering the trade works well to avoid whipsaws.

The Forex Traders Ten Commandments

so you want to be a trader huh…? A successful one i hope.. Well if so you then want to pretty quick write down some really important rules.

These rules if used correctly will always have you ahead. However if you cannot follow them to the tea then you will always run into problems. I call them the ten commandments of trading because once you can fully learn to follow them then you will always make money no matter what, however if you choose to risk one or the other you are gonna have issues that is for sure..

This is by the way for the Forex market.. Not for other markets.

Forex Traders Ten Commandments

1. Always look at overall trend. If the overall trend is up then simply put only look for buys, don’t trade both ways unless you are sure you are at major top like a daily resistance. It is just not worth the risk otherwise. Make sure to identify the overall trend and then stick to it until the overall trend line is fully broken..
2. Always know your Risk First.
3. Always know your attainable Reward.
4. Keep Account draw down to less than 20%. Draw down is fine, but not at the expense of your whole account so keep it in check..
5. Sell at highs ( retracements )
6. Buy at lows ( retracements )
7. Keep to your own personal exposure rules to limit risk in the market.
8. Use a stop loss that is where you are definitely wrong.. It is always better to focus on winning trades rather than losing trades, so either hedge the bad trade ( optional advanced money management ) or cut losses when you know you are wrong.
9. Lock in profit when a trade goes your way more than a 1 to 1 risk to reward.. This can be a small lock in of around 5 to 6 pips if you are going for a desired target, but either way lock it in, it is better to risk profit than to let a winning trade go into loss.. would you not agree?
10. Let your winners run as far as you can handle while locking in as you go.. To lock in, simply keep adjusting your stop loss into the profit zone.. If the market is moving quickly, adjust your stop loss quickly, if the market is moving slowly then adjust it slowly.

GOLD TRADING SYSTEM 90% WIN

I have become disillusioned by automatic trading systems and sought to find a viable manual trading system or at least piece one together, test it, and become proficient in it enough to make steady money with it - this is what I have done with this system.

It is used on a 1hr spot gold chart and takes time into consideration for opening a successful order to take advantage of cyclical price acceleration at the given time. In the this case, during my observation and manual testing (with real money) for the past 6 months, this time is 30 minutes before the new york open at 9am EST (1400 GMT). At that time price has sufficient buying or selling power behind it to make great profit quickly and with minimal risk, given the conditions below are followed. This has worked unbelievably well for me and I would like to share it with all of you because this community has helped me throughout these years of my forex journey.

I will try to post trades I take with some frequency and answer any questions. Enjoy.


From Today: By the way Spot Gold does not calculate in pips and the volitility is much greater than that of the usual forex pair. So if you took this trade today like I did at 1 mini-lot (.1 - one dollar) and got out at the blue pivot line you would have made an easy $109 with very low risk 



Conditions for opening Trade:

For Buy

1. price above buy zone fib, blue rsi chart bar 

2. William's percent range indicator gold line entering or inside blue area 
above -25.00

3. RSIOMA clearly crossed up

For Sell

1. Price below sell zone fib, red rsi chart bar

2. William's Percent Range Indicator gold line entering or inside red area 
below -75.00

3. RSIOMA clerly crossed down


Exceptions for opening a Trade when above conditions are met:

1. When a bar within the last 4 hours before 9am EST (1400 GMT) is extended 1000 points or more in the same direction the conditions indicate. In this case it is my experience that there is a great pobablility that even with all the trade conditions met, by 9am EST (1400 GMT) the selling or buying would have been temporarily exhuasted because of this extended candle and this trading method is dependent upon this time.


Conditions for closing Trade:

Safest

1. When price hits next pivot point line in direction of trade.

Moderately Safe

1. When the RSIOMA blue line touches the purple line again attempting to cross in the opposite direction of trade or a red or blue dot shows on the RSIOMA indicator in the opposite direction of the trade - whichever comes first.

Attached Files

•   GOLD SYSTEM.zip

10 Reasons Why You Should Be Online Forex Trading Today

The internet has revolutionized foreign exchange (forex) trading. Today, anyone can be an online forex trader. Here at 10 reasons why you should be online forex trading today:

1. With access to a computer and the internet you can instantly open a mini forex trading account with a forex broker for as little as $250. There are no lengthy opening proceeds to complete. This means you can start your forex trading today!

2. With a minimum opening balance with a forex broker being available for as little as $250, forex trading is the only real possibility for everyone to enjoy the thrill and spills of trading in a market on a daily basis. That's not to mention the fact that everyone can now make money from an investment trading opportunity.

3. Forex markets are open 24-hours a day. This makes forex trading the only investment strategy you can take up which never goes to sleep.

4. Forex trading gives you access to an almost unlimited market for a minimal up front investment. For the first time, a trading market is open to both small and large investors, competing with one and other to make a profit on their trade.

5. Generally, commission fees are much lower with online forex trading than is the case with other forms of trading, such as stock trading. This means that not only can you start to trade with a small opening account balance, but less of your profits will get taken up with commission charges taken by your broker. As such, online forex trading can claim to be the only market this is available to all.

6. With access to the forex market being made available 24-hours a day, as an investor you can easily adjust your forex portfolio at any time of the day or night. The great benefit of this function is that if the market is taking a hit in Tokyo, you don't have to wait until New York opens before you can react to
this movement. You have the ability to act as soon as you see or feel that things are moving.

7. Unlike stock market trading, with fore trading it is easy to trade in exotic currencies and to speculate on markets outside of your home country of residence. Also, with many of the underlying factors being the same, you do not need to do extensive research or training in order to take advantage of this superb facility.

8. Most influences on a forex market are global. As such, unlike other forms of speculative trading, influence of the market by one person, organization or government is going to have much less of an impact on the market. Consequently, there is more control on what the influencing factors are than is the case with other investments.

9. With a mini forex trading account you can elect to do complicated day trading transactions or long-term investment strategies. The great scope of different types of forex trading available to you means that you can have a truly diverse forex investment portfolio.

10. Forex trading is fun, easy to learn, and offers traders a very real alternative to traditional forms of investment strategy.

While online forex trading has numerous attractive reasons why you should be online forex trading today, always remember that you should include this as part of your overall investment strategy and seek the advice of your financial advisor if you intend to make this a major part of your investment portfolio.

Kobas Forex Trading Strategy

KOBAS STRATEGY

Timeframe: Any (but I recommend from 15 minutes chart and above)
Indicators:  Moving averages (Exponential)

i. Period 5 (Yellow)
ii. Period 10 (Magenta)
iii. Period 15 (Red)
iv. Period 65 (White)
MACD (Default settings)
You can also change the colors to Red and Dark Turquoise as shown
below.

Entry Signals

The signals are classified into 5 sentiments for the indicators
i. Bullish
ii. Bearish
iii. Consolidation
iv. Bullish Consolidation
v. Bearish Consolidation

Which means that the moving averages and the MACD can give signals based on any of
the 5 sentiments.

Although, we have four Exponential moving average indicators but, I will classify them
as two different indicators i.e, 5, 10 and 15 as one and then 65 as another indicator for our
signals.

We now we have:
Indicator 1 - EMA (5, 10, 15) 
Indicator 2 - EMA (65)
Indicator 3 - MACD with Red and Dark Turquoise colors.

SIGNALS FOR EACH INDICATOR

Indicator 1: Whenever there is a crossover of the three EMA (5, 10, 15), then wait until
they split distinctively according to the periods or colors as shown on the chart, then a BUY or SELL is confirmed depending on the direction at that point in time (Bullish or Bearish).If they are all together, that means consolidation.

Indicator 2: Check the angle of the 65 EMA
Upward angle: Bullish (BUY)
Downward angle: Bearish (SELL)
Flat: Consolidation (NO TRADE)

Indicator 3:  MACD
   Red line is the MACD signal line
Dark Turquoise bars are the MACD cloud
Zero level (0.00) separates BUY/SELL regions

If the Red line is above the zero level (0.00), that means BUY (Bullish) but if it is
below the zero line it means SELL (Bearish).

If the Dark Turquoise bars are above/below the zero line, that means BUY
(Bullish)/SELL (Bearish).

If the MACD signal line (Red line) is inside the MACD cloud (Dark Turquoise),
above/below the zero (0.00) line, that means BUY(Bullish)/SELL(Bearish).

If the MACD signal line (Red line) comes out from the MACD cloud (Dark Turquoise) above/below the zero (0.00) line, that means Bullish consolidation/Bearish consolidation.

Now, let me bring everything together. You must make sure that you consider these five
sentiments before taking a trade:

i. Check the three EMA (5, 10, 15).
ii. Is the market trading above or below the white line (65 EMA)?
iii. Check the angle of the white line (65 EMA).
iv. Check if the MACD signal line (Red line) is above/below the zero(0) level
v. Check if the MACD signal line (Red line) inside the MACD cloud.

Let’s apply all the rules on the market and see:

As you can see on the chart above, the 3 EMA (5, 10, 15) separated (SELL) and the
candles are below the white line (SELL). The white line (65 EMA) was angling down
 (SELL) and at the same time the MACD signal line (Red line) was below the zero level
(0.00) (SELL) and entering the MACD cloud (Dark Turquoise) (SELL).

For every signal, make sure the five sentiments shows BUY/SELL before you take a
trade.

Exit Signals

You can pullout from a trade when the MACD signal line (Red line) comes out of the
MACD cloud for short time traders or when the signal line crosses above/below the zero
level (0.00) in an opposite direction of our trade for position traders. Look at the chart
below:

Very Simple And Profitable Forex Trading System

Description:

Use 1H chart on GBP/JPY with Stoch(5,3,3) and RSI(7). The idea is this ...use Stoch and RSI just to define where it is possible to have a breakout. Then use most profitable tool ever – simple candlesticks. If you have strong down trend and Stoch and RSI are oversold, and we have up trend candle (black candle) close at the middle of the last (in this case black one) enter a trade. You are getting 3 signals to confirm your entry – isn’t it great!?

Some people reports: With this system make more than 1500 pip only from GBP/JPY for week. (Use it just for GBP/JPY)

1 – RSI oversold    2 - Stoch oversold    3 - candle (black candle) close at the middle of the last one in opposite direction.

Buy/Sell rules Sell when RSI and Stoch are bought or they are close to overbought (75) line, and we have down candle which has closed at least at the middle of the last up candle.

Buy when we have oversold RSI and Stoch and we have up candle which has closed at the middle of the last down one.

Exit rules if we are in a sell trade and ... we have oversold RSI and Stoch and we see this up candle which has closed at 50% of the last down one - exit and enter another trade.

Stop loss: Place a stop loss 3 pips below your signaling candlestick – in this case figure #3 – see screenshot above.

How to Partially Close a Position on MT4

Let’s say you have a one lot position, but you decide to close half of it and hold the other half. That is possible to do in most trading platforms including MT4. This is what you have to do:

1. Press Ctrl+T to open the MT4 terminal. You can do it through the View menu at the top too.
2. On the terminal, choose the “Trade” tab at the bottom, if it is not already chosen. When you do this, you should be able to see all your open positions:



3. Double click on the open position on the terminal to open the order management window with the big yellow close button:

Please note that if you click on the fields that are under the S/L or T/P columns, a different order management window will be opened that allows you to modify the stop loss and target values, but doesn’t allow you to close the position.

4. To close a portion of your position, you can change the volume at the top left side of the order management window to the value you want to close, and then click on the yellow button. For example, when you have a one lot position and you want to close half of it and hold the other half, then you have to change the volume to 0.5 and click on the close button. Or, when you want to close 0.2 lots and hold the other 0.8 lots, you can change the volume to 0.2  and click on the yellow button.

Please note that if you cannot find the value you want on the volume drop-down menu, you can enter it manually.
The stop loss and target value of the position which is left open will not change when you close a portion of your initial position.

3 Ways To Identify A True Trend In Forex Trading

In the foreign exchange markets, like in many other markets,there are two basic types of trading environments – a trend and a range. A trend can be defied as a general move in one direction while a range is an oscillation in price between two broad levels. In stocks, we typically try to “buy low” (at a value) and“sell high”; this is actually the foundation of range trading.

We Attempt To Outline Three Simple Methods To Identify A Trend:

» Bollinger Bands
» Moving averages
» ADX

Bollinger Bands

Bollinger Bands basically plot standard deviations above and below a moving average. They were developed in the early 1980sby John Bollinger and are typically used to determine volatility. At GFT, however, we like to use Bollinger Bands to help us gauge atrend.

In the chart below, we plotted a set of standard Bollinger Bands using the settings 20,2 (which mean two standard deviations awayfrom the 20-day moving average) and then added a set of 20,1 Bollinger Bands (one standard deviation away from the 20-daymoving average). This helps us to create our buy zone and sell zone.

Typically, when an uptrend in a currency pair is very strong, it will remain in the buy zone, the zone between the upper Bollinger Band of two standard deviations and the upper Bollinger Band of one standard deviation, for some time. When the downtrend is very strong, the currency pair will remain within in the sell zone, the zone between the lower Bollinger Band of two standard deviations and the lower Bollinger Band of one standard deviation. If the currency pair closes below the buy zone or above the sell zone,we say that it has entered the range trading zone.

Bollinger Bands are great tools to use to help determine when a currency pair enters or exits a trend. For those traders who like topick tops and bottoms, a good way to do so is to wait for the currency pair to exit the buy or sell zones.

Moving Averages

Moving averages is another great tool for identifying a trend in the currency market. By defiition, moving averages track the average price of a currency pair over a specifid period of time. A 20-day Simple Moving Average (SMA), for example, tracks the average price of a currency pair over the past 20 days.

One way to identify trends with moving averages is to look for a perfect order. This occurs when all of the shorter term moving averages are above the longer term moving averages in an uptrend and the longer term moving averages are above the shorter term moving averages in a downtrend. We usually see a new and powerful trend emerge when these perfect orders form after a period of range trading.

Here is an example in the GBP/USD pair where moving averages are lined up in a perfect order. As you can see in the chart below, the 10-day SMA is below the 20-day SMA, which is below the 50-day SMA and those are below the 100-day and 200-day SMAs.We have also highlighted the day that the perfect order formed (August 11, 2008). At that time, the GBP/USD was trading at 1.9100. Forty days later when the perfect order breaks ranks on September 22, 2008, the GBP/USD was trading at 1.8572 or 500
pips lower.

Perfect orders do not form often, but when they do, they can provide a powerful sign that a new trend has emerged.

ADX (Average Directional Index)

The ADX is short for the Average Directional Index, which is a classic measure of a trend’s strength. Unlike Bollinger Bands and moving averages which can help defie the direction of the trend, the ADX simply measures whether the trend is strong or weak.The index is displayed as an oscillator in a separate box below the price charts on a scale of 0 to 100.
As a rule of thumb, if the ADX is greater than 30, a trend is strong; if ADX is below 20, a trend is weak. In a strong trend, we want to see the ADX sloping upwards. In the following EUR/USD chart, we inserted vertical lines to represent the times when ADX crosses the 30 mark.
Back in March 2008, for example, the ADX crossed above the 30 mark when the currency pair was trading at 1.52. Over the next month, the currency pair gained strength at a relatively rapid pace and ended up hitting a high above 1.60. When the ADX crossed back below the 30 mark, the currency pair ended up range trading for the next few months before breaking lower in the middle of July.

5 And 13 Exponential Moving Average Profitable Forex Strategy

Strategy

Take from Fibonacci sequence numbers 5 and 13 as the parameters for moving averages. When you wish to determine the price movement, the time for opening and closing the positions, use Exponential
Moving Average (EMA) 5 and 13 indicators and follow these rules:
Open the position when EMA5 has crossed EMA13.

Buy when EMA5 has crossed EMA13 from below.
Sell when EMA5 crosses EMA13 from above. Wait until the time interval (selected by you) closes. If by this time EMA5 and EMA13 have crossed each other, enter the market at the price of opening the following time interval.

When opening the position – at the same time – you should place stop loss order below/above EMA13.
Close the position in case:
a) the closing price showed crossing or equality of EMA5 and EMA13;
b) the prices reached the level of your stop order.
These rules can be applied to all time interval. However the best results are achieved with one-hour
charts.
The following picture illustrates the rules.

To improve the results of your Forex trades, use these crucial rules: Place your stop orders at 50 pips level from EMA13, binding this level to EMA13 movements; of course, if the market trend goes as it was expected.
This tactics will give you the possibility to avoid non-predictable market movements.

Do not open the position if there is a gap of more than 100 pips between the opening price and the level of stop loss order. This rule will protect you from big market movements which take place during a very short time interval (see below image)

Do not open the position when there is only 1 pip between EMA5 and EMA13. Wait until the time interval is closed with more sufficient difference between EMA5 and EMA13 (see below image)

You should set up for yourself a certain maximum sum which you are ready to lose on every trade (risk percentage). It should not be more than 10% of the total sum on your account.

Forex Trading Quotes

Mind over Market

You have power over your mind – not outside events. Realize this, and you will find strength.

"Marcus Aurelius"

*********************************

Pain of Trading Losses

If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.

"Marcus Aurelius"

*********************************

The Future Market

Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present.

"Marcus Aurelius"

*********************************

Uncertainty in Markets

How ridiculous and how strange to be surprised at anything which happens in life.

"Marcus Aurelius"

*********************************

Opinion-less

You always own the option of having no opinion. There is never any need to get worked up or to trouble your soul about things you can’t control. These things are not asking to be judged by you. Leave them alone.

"Marcus Aurelius"

*********************************

Withdraw from the Market

It is in your power to withdraw yourself whenever you desire. Perfect tranquility within consists in the good ordering of the mind, the realm of your own.

"Marcus Aurelius"

*********************************

Know Your Game

If a man knows not to which port he sails, no wind is favorable.

"Seneca"

*********************************

Luck in Trading

Luck is what happens when preparation meets opportunity.

"Seneca"

*********************************

Time Off the Market

Only time can heal what reason cannot.

"Seneca"

*********************************

Better, Not More

It is quality rather than quantity that matters.

"Seneca"

*********************************

10 Pips Profitable Forex Trading System

“10 pips anytime your want – secret” This simple system I have been using for years.
You don’t need to be a Forex guru to use this system.
There is ALWAYS an opportunity to make 10 pips when ever you have time, keep reading and I will explain why…

 Make sure to open history charts to see how profitable the system.

Profit: 10 pips per trade. 5-10 trades a day

You can use this strategy anytime you want, there are always very strong signals The system will work on many Forex pairs and many major Stocks. The rules to this system are simple, and executing and managing trades will take no more than five minutes of your time. The only tricky part is bringing your knowledge base up to speed with the strategy so this becomes a five-minute process.

Let me introduce you to the four simple steps below. Then I’ll take you through some worked examples in order to illustrate just how easy this system is.

This trading system involves 3 simple steps

1. Identify a current trend
2. Identify your entry signal
3. Place your trade
Manage your trade later..

10 Pips Profitable Forex Trading System

1. Find the third candle
2. Enter your trade at the start of the third candle
3. Close your trade in a few minutes with 10 pips profit.
Below I will show you what to do – step by step.

The system works fine for me on 5 minutes or 15 minutes charts, but it work on other timeframes as well.

Setup:

-Identify the current trend. For example: (use 200SMA or 200EMA to identify the current trend. If the price is above the SMA – the current trend is up or opposite)
-Open a 5 min or 15 min and find the “first candle”. “The First Candle” is between two candles, and it is the highest or the lowest of those three candles. Look at the chart below:

The 1st candle is located between two candles and it is the highest (or lowest ) of the 3.
-Now if you look to the right of the 1st candle is the 2nd candle and the next is the 3rd candle – the most important for us. This system based on the 3rd candle.

If look on your chart you will see a lot of “three candles figures” and all of them are great trading opportunities! Usually each trade will brings you 10 pips profit:

Trades

We BUY at the very beginning of the 3rd candle if the current trend is up and your candles figure is going up
We SELL very beginning of the 3rd candle if the current trend is down and your candles figure is going down.There is ALWAYS an opportunity to make 10 pips when ever you have time: All you have to do is to open few pairs charts and you will always find your 3 candles on some pairs! This is guaranteed!

Take profit

Your target is 10 pips. You can also try to use a trailing stop order to maximize your profit.

Stop loss

Stop loss needs to be placed above or below the second candle: If you BUY – place a stop 1
pip below the 2nd candle, if you SELL – place a stop 1 pip above the 2nd candle.

When not to trade

- do not trade 1 hour before and after major news or big events
- when the 3rd candle is against the current trend
- when the second candle closes “inside” the 1st candle:

You may also use a Stochastic indicator with parameters 5.3.3 to filter your trades. If the direction of the stochastic is opposite of your 1st and 2nd candles it is better not to trade at that moment and wait for the next “1st candle figure”.

Time frames

This system can be used with higher time frame. In this case make sure to set your take profit target more than 10 pips.

Pairs and stocks

This system will work on all major pairs and Stocks. Try EUR/USD GBP/USD..

Money management

Do not trade for more than 3-5% of your deposit (per trade)

Stock trading
Exactly the same method “3 candles” can be usedfor Stock trading. It works in the same way and
with the same rules.

Profit Able No Loss Forex Trading Strategy

The strategy is very simple and would only take a few minutes of screen time per day (using 4HR candles).

GONE FISHING STRATEGY

Platform: Metatrader 4
TIMEFRAME: 4HR, DAILY (Shorter timeframes work but reduced winning %)
INDICATORS: FX Fish, MA_CROSS_OC (I overlay bigbear's FTC as well to spot possible oversold/overbought)

SHORT ENTRY:

DOWN Orange arrow AND Red line on FX Fish indicator
ONLY ENTER AFTER BAR CLOSES!
STOP LOSS: Last swing
TAKE PROFIT: I personally slide to break even at +50 then wait for closing signal

LONG ENTRY:

• UP Blue arrow AND Green line on FX Fish indicator
ONLY ENTER AFTER BAR CLOSES!
STOP LOSS: Last swing
CLOSING SIGNAL, STOP LOSS, AND TAKE PROFIT SAME AS SHORT ENTRY

CLOSING SIGNALS:
• Opposite arrow appears (take opposite trade if FX Fish turns a different color as well)
• FX Fisher gets an opposite line color (no arrow needed)
See attached pics for samples.
And that's all there is to it. Works with most pairs (I use majors and yen pairs).
Check the charts every 4 hours for signals then turn the monitor off and come back again in 4 hours (or next day if using daily).

 

Attached Files

Download

GONE FISHING TRADING SYSTEM