100 Pips Price Action Analysis 100 PPAA - quantina forex news trader ea 2015 ultimate v3.1

100 Pips Price Action Analysis 100 PPAA ~ quantina forex news trader ea 2015 ultimate v3.1

100 Pips Price Action Analysis (100 PPAA)

I was unable to post to this blog for sometime because I lost the password.  I have recently, recovered the password and will be post more regularly.  Today, I will share my analysis on 100 PPAA within the Masterchart. 100 PPAA and 200 PPAA are the analyses price action within the Masterchart levels using 100 pips and 200 pips price movement respectively. Here is exactly what to do:

100 PPAA - Day Traders
1. Divide your Masterchart into 10 equal parts of 100 pips each

2. For Day traders you will trade in the direction of the weekly candle at the break of every 100 pips. Your trading range is 100 pips and pick whatever pips you are able to within this range using H4 candles as a guide. If the trend is strong on H4 candles you can allow your profit to run if you are able to monitor the trade

3. Most of the time price completes 500 pips move before any significant retrace. The first 500 pips is what you should concentrate on.

4. For your stop loss keep it at any ratio you are comfortable with but not more that 2% of your account.

100 PPAA - Medium/Long Term Traders

1. Divide your Masterchart into 10 equal parts of 100 pips each

2. Your trading range 1000 pips

3. Use the 100 PPAA to determine your Risk/Reward Ratio which is 9:1. What this means is that you look for buy/sell after in the last 100 pips of 1000 pips price movement, which is your entry zone.

4.To enter a trade you search for pins of the weekly candles within this zone or a weekly reversal candle (reversal candle is the first weekly bearish or bullish candle after about 900-1000 pips price movement).

5. Most of the time price completes 500 pips moves before any significant retrace. The first 500 pips is what you should concentrate on.

6. With Risk/Reward ratio of 9:1 you put your SL for sell within the next buy zone (after 1000 pips) and your SL for buy within the next sell zone (after 1000 pips) provided this is within 2% of your trading account.

I attach herewith the GBPUSD charts in support of the above analysis.
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