Friday, 29 May 2020


F Forex Course

Basic systems of trading 2 (Part 2)

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● Orderly Corrections: => In 5m. go "long" at the end of descents of 3/5 or more red candles followed when the maximum of the last candle overcomes the half of the red body of the previous candle and the closing (of the red candle) is very superior to his minimum. In addition, this latter red candle, must be overcome by a green candle and to this one follow, indistinctly, another green candle of confirmation or a red small candle. => In 5m. enter "Short" at the end of rises of 3/5 or more green candles followed when the maximum of the last candle exceed the maximum of the green candle former and the closure is well above its minimum (a red candle is formed) and reaches half of the body of the previous green candle. Moreover, the latter candle (red) should be followed by a red candle and to this one follow, indistinctly, another red candle of confirmation or a green candle. The risk of loss in these operations is high since it's trades that, in principle, are "opened" against the main trend (e.g., possible formations in "V" or inverted "v"). To go out with 1.50 points maximum (0.75 points per contract entering with 2).
● 1m. if a candle with "change pattern" (see "The essence of the candlestick") follows a different to the previous candle to the" pattern change "and it is followed by another candle of confirmation opening a trade, otherwise NO open trade.
● Guideline 45: In a graph of 3 m. trace from the point where it is presumed there is a  turn in trend  (maximum or minimum) a line vertical and other horizontal, forming an angle of 90 °. Next, draw a guideline, dividing this angle in two angles of 45 degrees each. In turns bearish we are "short" until the price "cut" the guideline bullish. In turns bullish we are "long" until the price "cut" the guideline bearish.
● In 1m if you see "surround structures":
1) Will open "long" when (*) The previous trend is clearly downward and appears: => A red real body, followed by one green that completely wrapping at cited real body red (*) bear in mind that the risk of loss in these trades is HIGH to get contrary to the main trend.    
2 º) we will open "short" when (*) The previous trend is clearly upward and appears: => A green real body, followed by one red completely wrapping the aforementioned green real body. (*) Note that the risk of loss on these trades is HIGH to get contrary to the main trend.
● At 21:00 hours, in 1 m., Often occurs, a change in trend or current activation following the closure of the bond market that we can use to operate, at that time, with risk relatively low. We go long or short with 2 contracts after The 1st candle has just be formed and in the direction indicated by the same. This operative only if we will have made a profit in 1st half (15:30 to 17:00 / 17:15) of the day. "Closing" the trade with 1.50 points (0.75 by contract with 2) of benefits as maximum. We can also operate from 21:30 hours and that since that time, trading volume increases considerably, and if a definite trend exists we will enter the sense of the same one, and will leave with 1,5 points (0,75 contract entering with 2) as maximum.
● At 16:00 hours and 17:00 hours on 1 m., Usually occurs with some frequency, a trend change or activation of the same (possible pattern?). In result, we can exploit the situation to operate at that moment with relatively LOW risk (follow signs to trade the next section).
● In 3 m. If you see the pattern "Rail Road" means sometimes change of trend. This pattern consists of 2 consecutive candles opposite and equal bodies.
● When we have an open position, compulsorily have to manage it (using skillfully the stops) independently of the following options applicable to any trade: 1st) close, 2nd) turn around, 3rd) increase or 4th) reduce it. See section (see menu 11 "Management of Trades ").
3. TRADES WITH LOST 1st option: When you "load" a trade in losses (maximum with 1 contract) the price of the closure order will be the average price resulting from the "load". When "we load" a trade in losses NOT attempt to obtain any benefit (Even we might assume slight losses). 2nd option: however, if recovered the losses once we want to continue with the trade we place an order "stop" (for "long" put "sell stop" below market price, and "short" positions put "buy stop" with above market price) To insure ourselves that we do not enter, again, in losses, otherwise, if we decide not use stop orders close the trade.
4.1 When it comes to support or resistance, crucial for the market, if we open trades put "stops" inevitably, since in these "zones"  usually turns often occur in the trend.
4.2 If we are to "load" a trade (with gains or losses) we will look for the moment in the graph of 1 minute.
4.3 After closing a trade, (with profit or loss), wait at least 10 minutes to open the next. (See paragraph 4.12.)
4.4 When the "news" significant economic (over-range 3 - view menu 8 "U.S. data" -) occur before or after 15:30 must seize the immediate market reaction to trade upon publication. We enter 1 m. with 2 contracts and "we will go out" with 1.5 points, 0.75 per contract entered with 2 maximum.
4.5 When there is "news" significant economic (in excess of rank 3) at baseline or during the session, the possible trend that will prevail during all the session, it will be the that mark those "news", otherwise (If there is no news) the predictable trend will be maintained by the market during the morning session (see section 4.8) or side.
4.6 Following the publication of "news" economic  important (in excess of rank 3) observe in detail the market reaction, since so much if they are positive and negative, the price have in the habit of doing a 1er impulsive movement, followed by a corrective movement to which he is followed by several impulsive rapid and violent movements  (to see paragraph 2.2).
4.7 In a predictable side channel, the impossibility  of price of achieving channel top resistance, often is an early signal that the bottom bracket will be broken and instead will be a sign that the resistance will be broken. In these situations will operate only ONCE. If a side channel is maintained while in this situation it is most likely to break down, and conversely, if the duration of the channel is not excessive, the price break upward.
4.8 Be especially careful with the market trend that taking place in the opening, since, in many cases, changes unexpected in relation to maintained during the morning session (see sections 4.4 and 4.9).
4.9 In most days, NOT HAS NOTHING TO DO WITH the trend maintained during the night or the morning which starts from the USA market opening at 15:30 Spanish time,  especially if there is economic news.
4.10 To follow the trend of the day see the 5m chart.
4.11 When we have a trade "opened" and we are losing / gaining a number of points reduced for several minutes, as a result of continued retests of price at a given level (may be forming a double bottom or ceiling) is because the trend is undecided, ie undefined, this situation should consider HIGH risk so inevitably must be covered by a stop.
4.12 Covered daily goal if we want to re-enter must respect the following rules: » Waiting 10 m. » Main trend respect. » Will open only if you have covered benefit limit set for each day. » The losses NO should outweigh the benefits of the day.
4.13 In 3m., If the range of the day is within the daily range of the 2 days previous, placing orders to "buy stop" or "sell stop" of +/- 3 points on the day's range limits. 4.14 There is a bullish seasonal pattern that occurs on the first trading day of the month that is fulfilled in a very high percentage. Consider.
4.15 Having ALWAYS present that to operate, look for "the sites," should NEVER accept that the market offers.
4.16 In the week of expiration of the future, the market have in the habit of being rarefied, affecting the trend and displaying a decline in volatility. Extreme caution.
4.17 Top of trading:
● NEVER BE ON THE MARKET IN THE MOMENT THAT APPEARS OR BEECH NEWS OF THE FED (*) Exceptions: the minimum, only predictable channels (lateral trends), long in supports and short in resistance, and "pull backs"
Author: ForexmanWebsite: http://www.asdforex.comEmail: This email address is being protected from spambots. You need JavaScript enabled to view it.
ASDForex manager and professional trader since 2008. I am also manager where you can view the services that I give
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