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I want to share with you all my friend how we can trade as a naked trader. This is the 1st time i disclosse 1 of my naked trading strategies.
BUT STEP.1 We must allready read CANDLESTICK MADE EASY . ![]() DOWNLOAD LINK : Code:
http://www.easy-share.com/1907874172/Candlestick Made Easy.rar STEP. 2 Find the Opening Bar this day, you can change your charts into Daily timeframe find the "Open" example this day 1.47886 (Alpari US), Here's the screenshoot of the Daily Charts Timeframe: ![]() after that we can back again into the charts m15. Mark with Horizontal Trendline 1.47886 STEP. 3 Take 3 number of 1.47886 so we get 147. Now 147/3 = 49. Resistance: 1.47886 + 0.00490 = 1.48376. Support : 1.47886 - 0.00490 = 1.47396. So we get; Quote:
![]() ENTRY : 1. Look for price hit/touch the Support/Resistance Watch the form of candle are they full of momentum or lack of momentum (see the ebook Candle Stick Made Easy). 2. If They Lack Of Momentum ussually the next candle will be form as a Bullish/Bearish Engulfing Pattern, Railroad, Dark Cloud, Piercing, Morning/evening star, etc (Please read the ebook). so after they form wait 1 candle to be form as a Bull (if they hit Support), a Bear ( if they hit Resistance). So the Formula for Lack of Momentum or a Bouncing Trade is : Quote:
from the Support/Resistance, & pay attention the form of the candle ussually the candle form is Long (Morubozu Pattern). because this trade using m15 Timeframe i suggest we enter the Market like SRDC.1 Advance Strategies Level.1, please read the ebook bellow : Code:
http://www.forexsharing.com/484996 Quote:
StopLoss : 147/3 = 49 pips Take Profit : 1st Target : 20 pips close partial of contrac, move the StopLoss to Breakevent for the rest. 2nd Target : Pivot + 5 pips (for SELL); & PIVOT - 5 pips (For BUY). 3rd Target : 147 pips. Pair to trade : EUR/USD TimeFrame : m15 Another Strategies Twist (Tweak) : After we did the Step 2 & 3, we can made a Ross Envlope base those Support & Resistance; see the example : ![]() For the refference book is TRADING BY THE BOOK by Joe Ross : Code:
http://mihd.net/fliv1h Code:
http://windjview.sourceforge.net/ Here's : 1st Fibonaci (Fibo Level): Quote:
Quote:
Kind Regards; :) Manus168 Last edited by manus168; 23-09-2009 at 13:39. |
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