Engulfing w/ Pivot & SMA Great Forex System

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Bene. Forgive me as a result of I'm not certain if that is allowed on FF or not..
This thread that I'm beginning just isn't my very own buying and selling system as a result of I adopted these from 3 SUCCESSFUL techniques that have been posted right here in FF.

SO, TAKE NOTE THAT I AM NOT HERE TO PROVE ANYTHING TO YOU GUYS...

BUT I AM JUST TAKING THE TIME, EFFORT AND ENERGY TO SHARE WHAT WORKS FOR ME SO I CAN GIVE BACK AS WELL..

BECAUSE I ALSO HAVE SOME GOOD FRIENDS ONLINE WHO HELP ME TO SUCCEED...

I AM JUST RETURNING THE GOOD KARMA I RECEIVED & HOPEFULLY SOMEONE WILL BENEFIT FROM THIS THREAD...

Cause I'm beginning this thread as a result of I can not totally submit my trades on every threads due to the truth that it doesn't totally match on the thread starter's guidelines as a result of I eliminated some guidelines/method then I added some guidelines from different techniques AND additionally added my very own that match my character and threat tolerance...

With out additional ado, I want to give the credit to those merchants that contributed on this method that I modified to suit my buying and selling system:
Davit - Pivot Buying and selling
Hzs10 - Easy H4 Cellular Buying and selling System
Andrei - There isn't any Magic Transferring Common - You want just one

Guidelines I chosen to undertake as a result of it efficiently labored for me:
1. Pivot Buying and selling

  1. Worth motion is essential.
  2. 61,78 et 100 Pivot zones are often the place we anticipate a counter pattern commerce however we do not place a commerce blindly and anticipate worth to show. ergo, wants extra elements to get affirmation
  3. If we're a pattern continuation commerce, we are able to anticipate a worth to journey from Weekly Pivot to 38 and even all the best way to 61 zones however not enter a commerce blindly as nicely.
  4. Comply with the information each week to know which pairs could have extra liquidity and know when to commerce.

2. Easy H4 Cellular Buying and selling System

  1. Use 4H engulfing/exterior bar as our first standards of a attainable commerce.
  2. Use fibonacci instrument for our attainable SL and TP ranges.

3. There isn't any Magic Transferring Common - You want just one

  1. Use 30 SMA
  2. Analyze a commerce as soon as worth pierced the MA, retraced again to MA and turned on the brand new course the place it pierced the 30SMA.
  3. Use the 4H chart as nicely.

MY OWN RULES THAT I ADDED:
> We will additionally change on Each day Timeframe and search for engulfing/exterior bar.
> TMS anglegator ought to solely show each constructive numbers if we're planning to purchase and each destructive numbers if we're promoting. IF combined numbers, we wait...
> We solely commerce the 4H chart throughout London and/or NY session.
> As soon as Fibo instrument has been plotted, we are able to transfer the SL & TP nearer to the subsequent pivot zones.
> We decide the SL first then use place measurement calculator to find out our lot measurement (counsel to make use of 1% threat solely) earlier than we enter a commerce.

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P.S. Please do be certain to take a look at and browse how the primary 3 techniques work so as so that you can get a grasp on how this Hybrid combo system works and have a superb basis as nicely.. Engulfing w/ Pivot & SMA Great Forex System 1

Coz I will not take time on explaining the very fundamentals.. If you wish to succeed on this buying and selling journey, you need to do your due diligence and nothing beats arduous work and perseverance.

Who is aware of you would possibly be capable to give a greater concept on this thread as nicely.

What we have to commerce this method:

1. Weekly Fibo Pivot (Davit's)
TMS_Anglegator (Davit's)
TDI-RT-Clone (Davit's)
**might be downloaded under or in Davit's authentic submit**
(otherwise you in case you do not wish to use the indicator or produce other platform other than MT4, you need to use this web site to plot your weekly fibo pivot manually throughout weekends and by switching to weekly chart and getting the excessive, low and shut worth of the earlier weekly candle)

2. 30 SMA (Andrei)

3. Fibonacci Instrument with 0%,100%,150% et 200% (Hzs10)

These are the principles for this method:
1. We're in search of an engulfing candle or exterior bar (both bullish or bearish)
2. We solely commerce on two timeframes, Each day and/or 4H.
3. If we're on a Each day chart, we are able to begin checking all main and minor pairs as soon as NY shut then we solely enter a commerce after an hour to keep away from coming into a commerce with vast spreads.
4. If we're on a 4H chart, we are able to begin checking 30 minutes earlier than a 4 hour candle shut, then execute as soon as a 4 hour candle closed already to double examine if we have already got a affirmation.
5. We will do each pattern or counter pattern trades.
third Web page is for Chart Examples:

FOR ILLUSTRATION PURPOSES, that is now my default template that features the one indicators wanted to commerce this method. Keep in mind simplicity at all times is the most effective... We do not want an excessive amount of indicators to succeed, we simply must be actually conversant in PRICE ACTION to precisely know what the market is doing...

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EXAMPLE #1:
Development Continuation Commerce -

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1. 1st rule we search for engulfing candle or exterior bar if we're bullish, earlier candle ought to be bearish, then we plot the fib instrument on the 4h engulfing candle itself as soon as it closes.
2. TP is both 200% fib instrument or 100 weekly fibo zone... However safer to position the goal to whichever is nearer, on this case the 200% fib instrument...
3. SL is under 0% fib instrument or R38 zone... However for this, it's safer to place the SL to whichever is farer, on this case R38 zone...
4. Since commerce is pattern following, we are able to anticipate that this commerce is less complicated as a result of we're flowing with the market's majority contributors..
5. Anglegator are each constructive which provides extra sign that pattern remains to be sturdy upwards.
6. We additionally checked increased timeframes if it has the identical course, and it's a sure.
7. For the pivot zones, we anticipate 100 zone to be the final attainable zone for reversal, so it's secure to place a goal earlier than the 100 zone coz as soon as worth touches this space, we are able to anticipate a attainable retracement and even reversal, so we took benefit of the transfer up earlier than reaching this specific pivot zone...

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Author: Praenomen to Team
Nos sumus quadrigis maxime peritus congue mercatores [2000-2023] qui vitam nostram vivendo sunt addicti. Primarium propositum nostrum est libertatem ac libertatem attingere, et sui educationem secuti sumus et in Forexino foro peritia multa consecuti sumus ut media ad vitam sustinendam sui sustentandam..