I Have been doing Forex Trading for the Past 5 Years and i put together a summary of my experiences of what works and what does not work.
DISCLAIMER
This are my experiences and tricks of the trade. I am not a Professional Investment Advisor and any Material or statement made on this website should never be used as an investment advice. They are purely my Experiences and what i have learnt. Do not use this information as basis of your investment. Please contact a qualified Professional Investment Advisor for such investment decisions in Forex Trading.
JADEFOREX: TRADING WITH THE TREND and PROFIT GOAL is 8 – 15
Pips per trade
Note: The trading must be in the direction of the overall Trend. Trade with the trend until the trend changes or the Prices are at the Extreme ( the Markets has moved too far ).
Tools or Indicators Mostly used:
Trend Candles and Advanced Candlestick Charting
Trend Reversal
Trend Snapback
Fibonacci Levels ( Profit Targets & Reversals)
Balance Point Line
Balance Point Continuous
Buy / Sell Pressure
Chandelier Stop
Adaptive Stochastics
Adaptive MACD
Adaptive DMI/ADX
Forex Cumulative Tick ( Banks NET buying & Selling indicator)
Exponential Moving Average ( EMA )
Pivots-Daily
Pivots-Weekly
Pivots-Monthly
Previous Day’s High and Low
Probability Bands
Range Projection
Squat Bar
Three Line Break
Volume Profile
HeatMaps
Adaptive RSI
Advanced Position Scaling
Advanced Elliot Wave Analysis
Required Filtered Multi-Timeframes Charts( FXCM, GAIN, COES, HOTS,
GFT )
35T and 100T Chart (Precise Entry Exit Chart )
5 Minutes Chart (The Main Trading Chart for intraday trading or short term)
30 Minutes Chart ( Can also be used as Main Trading if you are mid-term or long-term)
60 Minutes Chart ( For Overall Short Term Trend )
240 Minutes Chart ( For Overall Mid & Long Term Trend )
Daily Chart ( For Long Term Trend )
I trade both Mini Accounts ( 10K ) and Standard Accounts ( 100K ). For Starters please use Mini Accounts.
YELLOW Line = Todays’s Balance Point ( Average of positions held by traders today )
GREEN Line = 2 Days Continuous Balance Point ( Average of Positions held by traders from Yesterday and Today )
WHITE Line = 50 EMA Line ( Used to identify the trend )
DIPS : During UPTREND
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are ABOVE the Previous Day Balance Point line (Yesterday’s YELLOW Line) on 5 Min Chart ( Very Important Rule )
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are ABOVE the 50 EMA Line ( WHITE Line ) on 5-Min Chart
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are ABOVE the 2 Days Continuous Balance Point Line ( GREEN Line ) on 5-Min Chart
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are ABOVE the Daily Pivot Point Line and not Close to Predicted M4 or M3 Levels on 5-Min Chart
- Before buying the DIPS on 35T Chart you must Confirm the following on a 5 Min Chart::
- Is the Cluster of Current Selling Volume Bars (RED Bars) LESS than the Cluster of the immediate Previous Selling Volume Bars ( GREEN Bars) and is also LESS than the Cluster of Previous Buying Volume Bars ( RED Bars ) . This indicates STALLING or FAILURE
- The BANKS ( Forex Cumulative Tick ) must be NET BUYING
- Once the Above 5 Conditions are TRUE ( Especially Condition 1 ) Then we have high chance of UPTREND and
- Our goal is to Trade with Trend until the trend changes or goes too far by buying only DIPS on 35T Chart at the BOTTOM of the KELTNER Channel as long as we are ABOVE the 50 EMA on 5 Min-Chart
- The 2 Days Continuous Balance Point Line (GREEN) will act as SUPPORT until it is breached and then it will act as Resistance on 5-Min Chart.
- The 50 EMA will also act as a SUPPORT on when the Price Dips during an Uptrend (Shorts) until the Trend changes or it is completely Breached.
- The First time the Price crosses the 50 EMA on Low Volatility while trying to change to Downtrend it will always Test the 50 EMA one more time before continuing Downtrend.
- Check to see where the price is in respect to Daily Forex Pivot Points ( S/R ) on a 5-Min Chart. & 30-Min Chart
- For Aggressive Traders you can sell SHORT for a quick 5 – 10 Pips during an UPTREND but be careful you might Loose a lot of Money
- On 30-Min Chart : During UPTREND ( Rally in an Uptrend) when the Price hits or slightly pierce the Statistical High it will normally reverse the trend for a moment or have a complete Dip.
- On 5-Min Chart : During UPTREND ( Rally in an Uptrend) when the Price hits or slightly pierce the Hourly Statistical High towards 2 Std. Deviations Line it will normally reverse the trend for a moment within the hour or have a complete Dip within the hour.
- Use FIBONACCI retracement & Extension Tool and Probability Lines to find the Profit Target. Each Swing must be more than 25 Pips
SHORTS : During DOWNTREND
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are BELOW the Previous Day Balance Point line (Yesterday’s YELLOW Line) on 5 Min Chart ( Very Important Rule )
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are BELOW the 50 EMA Line ( WHITE Line ) on 5-Min Chart
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are BELOW the 2 Days Continuous Balance Point Line ( GREEN Line ) on 5-Min Chart
- If both the Price at 00:00 a.m ( Market Open) AND the Current Price are BELOW the Daily Pivot Point Line and not Close to Predicted M2 or M1 Levels on 5-Min Chart
- Before Selling the SHORTS on 35T Chart you must Confirm the following on a 5 Min Chart::
- Is the Cluster of Current Buying Volume Bars (GREEN Bars) LESS than the Cluster of the immediate Previous Selling Volume Bars ( RED Bars) and is also LESS than the Cluster of the Previous Buying Volume Bars ( GREEN Bars ) . This indicates STALLING or FAILURE.
- The BANKS ( Forex Cumulative Tick ) must be NET SELLING
- Once the Above 5 Conditions are TRUE ( Especially condition 1) Then we have high chance of DOWNTREND and
- Our goal is to Trade with Trend until the trend changes or goes too far by Selling only SHORTS on 35T Chart at the TOP of the KELTNER Channel as long as we are ABOVE the 50 EMA on 5 Min-Chart
- The 2 Days Continuous Balance Point Line (GREEN) will act as RESISTANCE until it is breached and then it will act as Support on 5-Min Chart.
- The 50 EMA will also act as a RESISTANCE on when the Price Rallys while in a downtrend until the Trend changes or it is completely Breached.
- The First time the Price crosses the 50 EMA on Low Volatility while trying to change to Uptrend it will always Test the 50 EMA one more time before continuing Uptrend.
- Check to see where the price is in respect to Daily Forex Pivot Points ( S/R ) on a 5-Min Chart.
- For Aggressive Traders you can Buy DIPS for a quick 5 – 10 Pips during an DOWNTREND but be careful you might Loose a lot of Money
- On 30-Min Chart : During DOWNTREND when the Price hits or slightly pierce the Statistical LOW it will normally reverse the trend for a moment or have a complete Rally
- On 5-Min Chart : During DOWNTREND when the Price hits or slightly pierce the Hourly Statistical LOW towards 2 Std. Deviations Line it will normally reverse the trend for a moment within the hour or have a complete Rally within the hour
- Use FIBONACCI retracement & Extension Tool and Probability Lines to find the Profit Target. Each Swing must be more than 25 Pips
A Step by Step secrets and tricks of How to Actually make money
trading without Loosing thousands. Remember only 10% of Forex
Traders Make Money the rest loose Money. That's how risky it is but
it if you know what you are doing you can make a lot of money within
a very short time
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