Technical plus Fundamental System V1
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Thread: Technical plus Fundamental System V1

  1. #1
    Intro
    I have been trading this method with fantastic success for 3 weeks. But it is raw and that I wantforexforum.co.zahelp from seasoned traders.

    I hate to make such claims with no announcements , however, the thing is I had my account handled and that I dropped -21%. The trader was utilizing 0.2 and 0.5 lots. I managed to make 5% in 3 weeks using 0.01 and 0.02 lots , I created over 1000 pips. When I am ve, so I'll present my stats.

    The Procedure:
    The systems is really simple and operates on daily charts,so can't be affected by stress and noise. It's trading in the direction of the trend when great news is published. How?
    You can have a fast read about currencies prognosis and news anywhere. You're able to read view in Forexcrunch to view what's currently going on. All you need is to know what are powerful currencies and currencies , there's absolutely absolutely no need for profound fundamental analysis.

    Now you split the currencies into powerful currencies and weak currencies. So now I am writing;

    Strong:
    AUD
    CAD
    NZD

    Terrible :
    EUR
    JPY
    CHF

    (I don't have a crystal clear perspective on GBP -can wait following election- and USD right now)

    Without reading anything you can take a peek at daily and weekly charts should you like. However, I prefer reading. Remember that trading is similar to anything , needs some sort of work.

    Today after we have the listing of currency strength we will do only these transactions for the next week. Thats an illuion for this particular week.

    Short
    Eur/AUD
    EUR/CAD


    Extended
    NZD/JPY
    AUD/JPY
    CAD/JPY

    If we want to short the AUD we short AUD/NZD or AUD/CAD , not AUD/JPY.
    When to Create the trade??
    Now after you spot these trends ,you will look for trend retractments , you then input after retractments , ideal?? No. wrong.

    You will wait for great news for powerful currencies or bad news for poor currencies and THEN you input from the trend direction.

    When Just?

    You DON'T make limit orders during news release!! You wait for the news , MAKE SURE traders buy on the tendency direction and then you enter with trend direction with SL around 50-60 pips or in break of trend line.
    And what's TP ?? You course stops into another news release or place TP 100-150 pips. I noticed it can move around 200-300 pips occasionally.

    In Conclusion :

    The machine is very simple, secure and effective. You buy daily trend direction and with a REASON to buy. Since what would be the probabilities 1- Following the trend. 2-Good news- Price really moved in trend direction and news direction!? Very low probability IMO.

  2. #2
    SETUP 1 AUD/JPY H4 chart



    AUD AIG Services Index after 2.5 hours
    AUD Building Approvals m/m Following 4.5 hours lt;-- Better wait for one.

    Input when : 1-News is fantastic for AUD 2-Price really moved upward

    Do not make limit orders

    TP could be 100-150 pips , SL can be 50-60

    You can even short EUR/AUD.


  3. #3
    Interesting thread. I will follow your setups.
    Looking forward for your statements.

    I would rather think a trader posting his losing statements than a trader with 10V without a statements.

    Couldn't agree more!

  4. #4
    Quote Originally Posted by ;
    Interesting thread. I will follow your setups.
    Awaiting for your own statements.

    I would rather believe a trader submitting his shedding statements than a trader with 10V with no statements.

    Couldn't agree more!
    Both news are for AUD , price bounced is in the tendency direction as I expected.

    I am long AUD/JPY and Brief EUR/AUD
    So much both are ve pips. I'll post when both struck TP

  5. #5
    Quote Originally Posted by ;
    The two news are ve for AUD , price bounced is at the trend direction as I expected.

    I am long AUD/JPY and Short EUR/AUD
    So much both are ve pips. I will post when both hit TP
    I would rather think a trader posting his losing statements compared to a trader using 10V with no announcements.

    I am waiting for your losing announcement.
    AUD/JPY fell 86 pips, beginning at precisely the time of the article.

  6. #6
    Installation Two



    GBP Structure PMI 58.2
    CIPS: UK Construction In April Highest Since Sep 2007

  7. #7
    Installation 3

    US Non Farm Pay roll in 2 hours.





    Never traded NFP earlier , so I am not positive if I am going to accept it , but lets see.

  8. #8
    Quote Originally Posted by ;
    I would rather think a trader submitting his losing statements compared to a trader with 10V without a statements.

    I am awaiting your losing statement.
    AUD/JPY dropped 86 pips, beginning at precisely the time of your article.
    Ok await this. It didn't drop from my entry and don't judge a system by 1 commerce. I'll wait for AUD news tomorrow break of fashion line. Cheers brah.

  9. #9
    Quote Originally Posted by ;
    Ok wait for this. It do not judge a system and did not fall that much in my entry. I'll wait for AUD news tomorrow break of trend line. Cheers brah.
    I was going to leave this alone, but you keep on.

    Here is what you wrote:

    Both news are ve for AUD , price bounced is in the trend direction as I expected.

    I'm long AUD/JPY and Short EUR/AUD
    So much both areve pips. I'll post when both struck TP


    As you posted that, AUD/JPY has not gone up. It has fallen as much as 98 pips and is still decreasing. In your initial post you stated your SL had been 60 or 50 pips.


    At a latter article you said you had not entered after all you're awaiting a trendline break.

  10. #10
    Quote Originally Posted by ;
    I was going to leave this alone, but you continue.

    Here is everything you wrote:

    Both news are ve for AUD , price bounced is at the trend direction as I expected.

    I'm long AUD/JPY and Short EUR/AUD
    So far both are ve pips. I will post when both hit TP


    Since you posted that, AUD/JPY has not gone up. It has dropped as much as 98 pips and is still decreasing. In your post you said your SL was 60 or 50 pips.


    At a latter article you said you had not entered long after all you're awaiting a trendline break.
    No the AUD/JPY was ve at first. And anyhow it's still version 1 and I am testing it. Consider the very first post I said it is still raw. I made nice pips with all the EU/AUD and that I missed the CHF/JPY downtrend should have longed the GPY/CHF instead. I'll quit posting installations since there is absolutely no one prepared to help until I article ve statements.

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