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Saturday, August 21, 2010

Forex: Stoch 15,5,5 + SMA

Pair: GbpJpyTf : 15 & 5Stoch 15,5,5 SMA 50 (major trend)SMA 20 (current trend)SMA 5 (for entry)HOW TO MAKE AN ENTRY??1. Open 2 chart which are tf5m & 15m2. Set up all indicator mentioned above on both tf3. Look at stoch condition at tf15m either going up or down on 4. Look at stoch condition at tf5m either going up or down5. Make sure both tf stoch are parallel (either going up or down)6. SMA 50 to look for major trend7. SMA 20 to look for current trend8. SMA 5 to make an entry if it crosses SMA 20(look at tf5m)Msg: TP shoud be around 5-10pips only. If trend go against us, use hedging technique to cover our post.This is an example how...

Saturday, August 7, 2010

Forex: MBT system + Hedging

In Forex trading, trader should not rely on forex indicator 100% in deciding entry. This is because, in forex, everything is possible. No body can predict forex market 100%. There stil be false signal even we follow 100% forex indicator rules. Why is it happen? it might be because of fundemental element. So, in forex, there must be fundemental + technical analysis in deciding our entry.For me, as newbie in forex trading, in order to minimize lost but at the same time maximize my profit, i choose to use hedging as my backup in my entry. i choose Harry hedging style. My aim to use this hedging is that, i will make it as my backup if forex market...

Friday, August 6, 2010

Forex:Modification & Enhancement BrainTrading System(MBT)

by Warhead Tf: M30&H4Pair:GBPJPY(preferred)Technique used:Forex Mbt+hedgingBroker: IKOfx1. how to use Forex Mbt System?a. 8 dots (red & blue) : indicate H4 major trendb. 8 arrows (red & blue) : indicate H4 major trendc. Single big dot (cyan & magenta) : indicate current trendd. Bollinger band (16)e. RSI(14)f. MACD(3,26,4)g. Pivot lineh. Oasis strength meterStep by step using Forex MBT system M30:1. Find 8dots/8arrows (either one or both of them)2. Find big dot (either cyan or magenta)3. Confirm the trend by referring to RSI & MACD.4. Bollinger band just to detect sideway market5. Pivot line: to know nearest S&R6. Oasis...

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