salam.. nama saya mizee, newbie Full time trader dr kota damansara. would like to share with lowyatt mmbers.
this is one of my methods which has produce hundreds of pips for me so far. average pips a week :1000 to 2000 pips.
untuk saya, drpd kita focus on satu pair jek, better kita tapau semua pair yg going on same direction at any point of time.
kenapa?

sebab, bila kita trade, we are selling and buying currencies. we are not selling & buying PAIR. kita beli usd, kita jual eur..
bila kita tengok satu dunia is selling USD, kita follow la sell sama. maknaye, we are buying other currencies to let go USD. look at the bigger picture. not only one pair. ni advantage kpd yg trade GJ EJ ang GU. depa ni pacemaker.

imagine forex ni macam sale vincci, padini, seed etc yg sama kompeni. bila dorg buat jualan murah, sume kedai buat potongan harga.




utilizing currency corelation and strength analysis with naked trading. so far very profitable. Alhamdulillah.

i will slowly reveal the method here. tapi step by step.. please continue reading.

mohon maaf dahulu, kat sini saya takkan ajar macamna nak install script, lukis TL, fibo exp,fibo retracement, channel etc. yang tu kat sini *klik*
saya xkan bagi spoonfeed material. As a trader kena belajar utk research the root of forex before sumbat beratus indi dalam MT4 folder.
but I'll guide you how to use the system once you have it in place.

Bismillah..


the basic here is the currency strength corelation (no 1)..
impeccable hedging (no 2)
the method is devided into 2 parts:
1: Dominant Curency trade - credit to babufx
single layer or multi layered.
memerlukan analisis pada satu chart shj. trade multi-pair.
2: Pukal - tapau semua yg mana sama trend. (credit to trader101 & SECRET SUCCESS MGMNT SERVICES) . tidak memerlukan chart. cuma price and statistical data daripada DDE. the real data yang buat candle stick tu. CS pon indi tuh. kita tgk price.

saya dah menggunakan method no 1 sejak setahun lepas. method no 2 baru 3 bulan. dua dua nye boleh buat pips hijau dengan banyak nye. Alhamdulillah. bagi saya la sebab sesuai kot.
both system memerlukan script utk bukak and open post. attached ade sample script.

mula2 kita fokus kat no 1 dulu. no 2 tu byk details dia. let's look at the simple one first.

PART 1:
totally naked with SnR, range & currency strength meter. tersangat mudah dan tersangat simple, yang penting method ni boleh bagi consistent profit once dah cukup praktise.
tak payah kira wave, tak payah tunggu divergence, tak payah tunggu woodie out of range, wiseman1 wiseman2, dan macam2 lagi.
bukan nak cakap method ni better dari method lain, tapi ianya sesuai untuk dia saya yang nak cepat, nak jelas and nak simple.

i came out with this method selepas bosan dengan semua lagging indi.so, dgn adenye S&R, it is somewhat jadi predictive sebab the element of "self fullfilling prophecy"

First sekali, saya nak cerita pasal self fullfilling prophecy. pikir kan contoh seperti ni.
kita ada target nak achieve, and satu team in our workplace is thinking and going for thesame target. what happen here is, disebabkan common goal, the target is acheived.

same thing goes to Market analysis tools. contoh nye, jika kita menggunakan MT4 tools. you go to the higher TF. draw one obvious line yg akan jadi S&R. most likely, other people in this world are drawing the same line too.

so, self fulliling prophecy kick in, dimana, trader akan ada satu perception yg akan influence judgement mereka berdasarkan "line" yang mereka lukis tu.
dgn itu, mereka akan trade according to what they perceived.

katakan dorang lukis channel kat D1 TF. apabila candle menghampiri lower of upper limit of the channel, dorg akan take profit, cut loss, atau OP. dengan harapan apa yg mereka buat analisis tu adalah betul. ianya akan jadik betul setelah majority of traders including big players are drawing the same channel and having the same perception.

dgn perception inilah, saya filter movement mini trend dengan menggunakan currency strength meter. calculated based on range and ratio of 28 pairs of currency. kenapa kena buat benda ni?

CONCEPT:
contoh. jika kita tengok EURUSD meningkat daripada 1.4000 kepada 1.4400.
adakah ianya disebabkan USD weakening against EUR? ataupon, USD neutral and EUR yg makin kuat?
kenapa satu2 currency tu jadi kuat atau lemah?
bila ramai org dok jual currency tu, dia jadi lemah, bila ramai org dok beli currency tu, jadilah dia kuat. kalau depa jual usd, depa kena beli currency lain, betul?
so, pair movement is interrelated berdasarkan range pair tersebut.
so kita boleh kira. and bagi score dari 0 kepada 9.seperti berikut.

0.0 - 3.0 weak
3.1 - 6.0 neutral
6.1 - 9.0 strong

after kita kira relative strength semua currency tersebut, kita boleh tahu siapakah yang tgh hangat dibeli/dijual at one particular time. mini trend ye.

contoh macam ni saya bagi kat bawah:
currency strength
USD 8.5
GBP 2.5
EUR 1.0
JPY 7.6
NZD 5.0
CHF 3.0
AUD 6.0
CAD 1.5

apa kesimpulan yang kita boleh buat?
USD & YEN are strong. menunjukan market tertumpu beli these currencies.
so kita sebagai trader kecilan, kita follow je lah apa depa buat.
meaning that, kita boleh:

SELL GBPUSD, EURUSD, NZDUSD, AUDUSD,
BUY USDCAD. USDCHF.
SELL GBPJPY, EURJPY, CHFJPY, AUDJPY, NZDJPY, CADJPY.

imagine, each pair gives you 10 pips.trade all. berapa dapat?
12 pair darab 10. = 120 pips.

10 pips/pair in my experience, very easy jika ada extreme condition. maksudnye, strength dia melebihi 7 lawan strength yang kurang dari 3.

untuk NZD, CAD, AUD, CHF.... eventhough dorg ni very weak or very strong, momentum dorg short lived, pendek je.sbb less demand compared tu usd, gbp, jpy and eur. so, jgn terpedaya. just follow the yen

EXECUTION
contoh disini*klik*
refer post #2794
saya guna M15/M5.
PAIR:
EURJPY
GBPJPY
GBPUSD
GBPCHF

biasanye, bila any of these pair breakout, we shall see others will follow the same pattern.
cth:
Meter Reading utk JPY = 1.

dekat chart, GBYJPY break snr. Break bermakna, new candle at TF15 completed and formed above the resistance line. utk setup ni, saya double check hi-lo. kalau masih within daily range, saya akan BUY:
EURJPY, GBYJPY, CADJPY, NZDJPY, CHFJPY, USDJPY.
details explaination post 1449

Money Management

general rules apply.
untuk scalping: total 10% of your equity.
contoh. jika anda OP 7 pair. modal adalah usd1000. leverage 1:500.
kita guna margin 100usd. bermakna 100*(leverage) = 50,000. so, leh trade 5 mini lot total. kira le bahagi 7.
example HERE

example:
modal 300
leverage 200
ambik la 5% demo nok trade.
5% = usd15 margin used. free margin = 285
lot demo boleh masuk cumo usd15*200 = 3000.

kalau standard lot, 100k tu demo leh dapat 10usd 1 pip.
so, demo trade lot 3000 usd. so demo leh dapat 30 sen satu pips.
dengan kata lain, maximum COMBINED lot = 0.3.
maximum drawdown before margin call = 285/0.3 = 950pips

kalu demo increase leverage kepada 1:500, demo boleh trade usd15*500 = 7500.
bermakna, total combined lot demo boleh OP = 0.75.
kalau trade all YEN single layer boleh OP 0.1 lot mini.
so free margin ade 285 jugok. tapi demo trade 0.75 lot.
maximum drawdown before margin call = 285/0.75 = 380 pips

untuk intra day. OP pagi japan market. yg ni kita buat layer by layer.
open post 2% of total equity. eg, when the pip naik jadik 100 camtuh, add satu lagi layer.

RISK & REWARD




kelebihan.[/B][/U]
1. scalping multiple currencies. tak payah stick to one pair only.
2. jelas dan nyata mini trend yang ditunjukkan.
3. bagi saya, confidence level tinggi sebab kita follow apa org ramai2 buat.

kekurangan
1. kita kena buat complete set of S&R semua currency pairs.
2. kena tahu average range each currency tersebut.
3. kadang2, bila strength tunjuk extreme condition, we are already too late. trend is over, disebabkan market hit major S&R

Best time to OP
setiap session open.. refer post #588

Or lepas news whipsaws tu abih. follow the trend.

Or, at the point of strong weekly SnR, di mana kita bleh expect dia akan bounce. expecially kalau candle baru first time jejak kaki ke situ. ini kira countertrend. agak merbahaya. tapi kalau weekly psychological S&R tu kuat, insyaAllah bounce. kalau dah 2-3 kali price dok ketuk2 S/R tuh, jaga2 sikit. kot kot tembus.




SnR tu adalah Zone. bukan sebatang line jek. kalau tak betul2 lepas, nnt dia patah balik.
make sure, score pada masa nak OP tu, lebih "4" beza antara dua currency tu. macam td ni, GBP 1, USD 5+. kira cukup kuat utk tarik gbp kebawah selepas break support.



example Setup & Result. LIVE account.



ebook + Script + meter *klik*
This is IA version 1. please add this file into c://program file/meta trader/expert/indicator.
IA v1.rar

uploaded 14sept09 -equity based profit locked and risk management.
vec-basket.rar

Oasis 1000pips DashboardFxOpenMic.zip

#(T_S_R)-Daily Range Calculator modified.zip

Oasis 1000pips Dashboard CG.rar

oasis.rar

Script at post #1072, 1091
profit/loss EA at post #577,#1278,#1276
time zone #588
http://www.fx4caster.com/ pwd "kap"
Fx4caster issue solved! klik*

-any question pls post here.

-DO NOT TEACH THIS METHOD FOR A FEE. saya TAK halal kan...!
[QUOTE]
salam.

English version.

i just love SELF FULLFILLING PROPHECY. things just happened as expected,
for this system, it is very simple, understand the price action, see the number that indicates the strength index, then get ready to OP.

let me summarize the rules.
key to this system is Price action S&R, hi-lo Range, and currency strength.

1. the gap of the currency strength between the weak and the strong one MUST be more than 3. meaning that the strong - weak = 3. example GBP is strong, reading meter shows 7, usd is weak, reading meter is 3. we have a GAP of 4. this means we can trade GBPUSD as BUY.

2. the hi-lo on that day must not exceed the average daily range of that particular pair. if the average range for gbpjpy is 250 pips a day for the last 100days, that means, when the current hi-lo for today is already exceeding 250pips, do not trade. if it shows yen is strong, and gbp is weak, DO NOT SELL GBPJPY anymore. no new entry after the daily range is exceeded.

3. prepare a support resistance on the pair we want to trade. there are plenty of auto SnR or even auto Fibo out there that you can download.
do a set of fibo retracement and expansion on daily and weekly as well as MN. then OP when second candle is open after the first one close beyond the zone of SnR. you may refer to the ebook for picture. the complete set of instruction including the EA to control profit is available in oasis forum for free.

ok, now, to trade currency basket, we need to identify the most dominant pair among the currency pair. for YEN pairs, normally the dominant pair is either EurJpy or GbpJpy. if we were to trade all yen pair, when yen is strong.
we want to evaluate only the most dominant pair as trigger. no need to look at all 7 pairs.
how do you identify the most dominat pair for that day? we need to use the IA. or in other words - indicator account. more details on this subject available here.



see picture below:


once you identify that it is the most dominat pair, just do analysis on this pair and OP using script provided here.



how to read the dashboard?


this Statistic and summary indi is to simplify my job to make conclusion which was based on a few charts.
originally, I will refer to these 3 pair before i actually OP base on the 3 criterias:
1. Strength >/= 3 (best is 4)
2. candle on TF 5 or 15 break the SnR, close above and new candle formed on the same direction. for a solid certainty entry, I would use M15, but must refer to H1 and above to check whether the SnR is Major or Minor.
what is the difference between Major and Minor?
The pivot is considered as major as it calculated based on hi-lo and average price daily. so the SnR is quite robust.
while any SnR drawn from H1 TF below, is considered fragile as it is minor.
3. the price must be within daily average range.
for this particular item, we can use the T S R Range calculator modified, posted somewhere in this thread.

normally I will be flipping through 3 charts to see where is the CS location. From the SnR as well as direction on multiTF. And also to check the range of the dominant pair. I found it tedious especially when trying to catch a move after news or session open.
This dashboard is not an indicator to give signal on Buy or sell. It just summarize the information and statistic needed for us to make decision.



in this dash board, there are 4 segments:
1. Candle location in pips value from SnR.
2. price action (direction) on TF15 and TFH1
3. Summary on strength difference (range), spread, Hi-lo and also average range for last 5 days
4. the currency strength meter.

how do we use this?
no 1 is to see where the GJ, GU and EJ are located from the SnR. this is important for us to decide whether we want to trade both USD and Yen or just USD or YEN.

no 2 is to check the tradable pairs whether they are running on the same direction after the "pacemaker" breaking thru the resistance or support. if they are all aligned, we can trade both USD and Yen.

no 3 is to see whether the current moment is suitable for OP. the range is auto calculated and we can set the difference as 4 or 3. i would recomend 3 so that we are not too late as market nowadays is ranging. from this statistic, we can also trade manually based on those pairs which only have extreme conditions (weak versus strong). and also the range comparison is displayed here. hi-lo is the current day movement of the pair, and the dailyAve is the last 5 days range.

for this range, condition of this system = todays hi-lo must be </= average range.

in this SS, lets take previous day as example since daily range is only 122 and still within range, and not a good example since it was friday.

notice tak the 100days average range is 184 pips? the hi-lo on thursday is 175.. very close to the maximum average daily range..
at this point, even though the usd is still weak compared to GBP, it is no longer safe to buy. as it almost out of range. once the price hit resistance, very likely it will bounce back due to self-fulling prophecy on both resistance and range.

i do not pay attention on the risk and the pips down or pips up statistic. i only use the range statistics. ,


IT IS MORE IMPORTANT TO KNOW WHEN NOT TO TRADE RATHER THAN WHEN TO TRADE.

caution: meter is inaccurate in the morning when the market is just open. if your broker starts market at 8am for GMT +8 area like malaysia, wait for at least half hour before make decision based on oasis meter. let the market find the direction and then only we follow.


please add oasis wealth builders in facebook.

P/S: IBFX wont work since the symbols has "m: at the back of the currency pair. same goes to fxopen micro.

hope this helps

This post has been edited by lukpayat: Nov 27 2009, 09:38 PM

This is not a place for advertisement and there is an existing pinned topic on Forex.

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