THE MASTERCHART AND THE DRAGON GBPJPY - quantina forex news trader ea v2.1

THE MASTERCHART AND THE DRAGON GBPJPY ~ quantina forex news trader ea v2.1

 

Those who have been following my previous posts on Mastercharts, would have read that the cyles for GBPJPY is between 1300-1500 pips. As volatile pair, the Dragon has little respect for the Masterchart support/resistance levels and would often violate these levels by as much as 300 pips. The best strategy for dealing with this volatility is to create a buffer zone of 300 pips around the Masterchart levels. For example 1000 pips price movement from 120-130 will have its buffer zones at 117-120 and 130-133 price ranges. You will only look for opportunities to either go long or short within the buffer zones. If you trade this way, you will avoid entring trades premature and getting severely burnt in the process. I attach herewith the followng 100 PPAA and 200 PPAA charts in support of this analysis

 

 

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USD 100 offer Founder step by step chart diagram go through - best forex trading news

USD 100 offer Founder step by step chart diagram go through ~ best forex trading news

Use real life charts to explain EVERY Trading DECISION. Very valuable experience exposure. Limited period 100 usd. 

If you wants to know how to interpret the chart diagram and make a trading decision for 5 pips Stategy, this is the actual battlefield ground. Coupled with ALL diagrams and pictures to indicate why a successful trading decision is made.

This is a very valuable document. Pricing originally is 1000usd , now going for 100usd.


No gimmicks.

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One more Millionaire - forex factory trading the news

One more Millionaire ~ forex factory trading the news

A note for a new Millionaire Greater Fool Blog Dog. His P & L

If this shit keeps up No one to shine my shoes.

Smokey, my man.  I took the advice you were dispensing for free on GF and your own blog back in March.  I opened a $100k demo AvaTrade account.  At first, I had no f---in clue what exactly I was doing...trading all sorts of pairs....JUST TO LEARN THE SYSTEM.  Then I decided to only ever trade USDCAD.  I spent exactly 3 months learning....practicing like crazy...up til 4 or 5 am every night, then off to the tax farm at 9:30am.  Wife hated me, and you, and this "game" I was playing.  She thought of it like a video game or something.  Funny how wives can say the darndest things, eh? I also kept reading your comments on GF and your blog.  Took your batman, camel toe advice and applied it.  Worked out pretty well.  Have a look at the screen shot I sent.  I had some scary moments, but some thrilling ones too, netted $440k on the December Fed hike alone.  I really hit my stride when I predicted the July BoC hike, though...caught most people by surprise, that one.  But then again, most people are part of the herd.  I keep thinking to myself "this shits not so hard....just be on the right side of the trade, thats all."  

Now dont get me wrong....Ive been a keen economic observer and avid reader of economic and financial news., and geopolitics for about 13 to 14 years...so Im not a novice in that realm.  But I never really had a outlet in which I could apply the knowledge and insights I was coming up with to make money.  Until I read your comments about currency trading.

Can I make it my day job?  Dont know....part of me says I need to start doing technical trading to do it for a living, part of me says its not actually a thing you can make consistent money on. Plus, technical trading can mess with your head and mess with your flow.  Its better to be an ignorant Neanderthal whos a natural with the ladies than to get a dating coach and get bogged down focusing on posture, eye contact, voice tone, colour coordination of belt and shoes, what she meant when she said xyz, and other technicals.  Thats the difference between understanding overall trends and economic fundamentals vs. focusing on technicals.

So instead of daily technical trading, Ill go for a once-in-a-while big bang approach when a currency gyration is subtly telegraphed in advance to those who have the experience and ability to analyze the economic painting being drawn by the machine.

Thanks so much Smokey, youve changed my familys life.  My wife even likes you now, believe it or not.  But she still hates that she has nobody to stuff her feet against in the bed when they feel cold at 2:30am. 

p.s. Ive been reading your shit on GF since like 2010.  Keep it up.

__________________________________________________________________________

Forgot to mention....I spent 3 months learning on the Demo account and then opened a live Ava Trade account in June....gave me ~3-4 weeks to prep for the July BoC decision.

I havent withdrew any of the funds yet....is there anything I should know about withdrawing from an Ava account?  Any hiccups or restrictions they impose, or difficulties they put you through??

Thanks again dude.  If I ever see you, or someone who looks like what I think you look like, at Seneca, free cigar on me.

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MONTHLY PRICE ACTION ANALYSIS MPAA GBPUSD - quantina forex news trader ea v2.3

MONTHLY PRICE ACTION ANALYSIS MPAA GBPUSD ~ quantina forex news trader ea v2.3

Successes in forex trading could only be achieved if you have the bigger picture within your purview. To achieve this it is important to realise that you can only have a ‘helicopter view’ of the market in the higher time frames. The higher time frames provide useful insights into the trading parameters within a given period of time, which could be up to 2-4 years. With this knowledge it becomes easier to proceed to the lower time frames and trade confidently within the established boundary.

For a better understanding of the picture, we will now discuss, the Monthly Price Action Analysis (MPAA). As usual we will use the GBPUSD monthly to explain the MPAA for the period December 2008 – January 2012.

A closer observation of the monthly chart for GBPUSD will reveal the following facts:

a) If the cable begins a new year around the lowest point in a yearly circle, the point usually serve as a circle for a bullish run (rise in price)

b) If the cable begins a new year around the highest point in a yearly circle, the point usually serve as a circle for a bearish run (fall in price)

c) Price moves for the first 6 months (Jan-June), consolidates for the next 3 months (July-Sept), and closes for the last 3 months (Oct-Dec)

d) Price generally consolidate around the concrete zones

The question at this point is what is the usefulness of the above analysis in a simple language? The benefit of the MPAA is that the accounting year for the ‘big players’ (banks, hedge funds, investment outfits, etc) starts from January and ends in December. At the beginning of each year, depending on the fundamental factors, the big players push the price to a direction determined by fundamental factors (it doesn’t matter whether it is bull or bear). By the middle of the year, these players used the next three months see whether the bullish/bearish run will continue or not hence the consolidation around this period. These players use the last three months to take their profit and close their books for the year. The big players will never leave roll over their profit to another year. That is the monthly circle for the Cable.

What is then my view for 2012? I.5300 is proving to be a very strong support on all time frames and most importantly the weekly candle. I expect a consolidation around this area before the next major moves, when all the market movers return by the end of this month/1st week of February. Whichever directing they are going, the weekly candles will tell us. Due to the concern with Euro, the sentiment is down but 1.530 has not been broken since August 2008. If the weekly candle breaks out of this zone and the next candle opens and closes below this level, then we should begin to look at for a test of 1.430 which is the next support.

I attach a weekly chart showing consolidation around the master charts levels. This area of weekly consolidation is where I called the concrete zone. The weekly charts can consolidate for up to three months. The consolidation area for now is between 1.5360 and 1.5780 (about 420 pips) and the Masterchart support is 1.530 until firstly, the body of a weekly candle closed outside and secondly a the body of a weekly candle opens and closes outside this level. A pin outside 1.530 is a false breakout.

What I am trying to do here is to explain this process and give you knowledge to apply it to any situation. To gain confidence in your analysis pick the chart for any currency pair e.g. EURUSD, GBPJPY, AUDUSD, and try the MPAA through this simple process:

Ø Identify where the prices on the monthly chart are in Dec/Jan over a period of 2-3 years
Ø Identify the highest and lowest point for 2-3 years
Ø Identify weekly chart price reaction around the concrete zone
Ø Identify the consolidation areas (concrete zone)

You can post your charts here and I will endeavour, I will review them and tell you where you need to improve.

I attach the monthly for GBPUSD in support of MPAA and the weekly, daily, H4 and even H1 charts to show price reaction within our current 400 pips concrete zone.
50PPAA will tell you the immediate direction and read the mindset of a successful trader to know how to react to what you see in our charts.

I wish you successful trading in 2012.
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Trading Vs Gambling - forex news breakout trading

Trading Vs Gambling ~ forex news breakout trading

Trading Vs Gambling

Many people always ask this question " I seems to be gambling a lot on the forex rather than trading!!"
You are not alone if you also have this question in your mind.

What differentiates a Trader and a Gambler? Simple. Trader is to balance his/her benefits/costs/risks before making a trading decision whereas Gambler is simply taking chances based on some emotional or obscure knowledge.

From the past experience i have in the trading grounds, we as professional traders need to know what is called certainty and risk. If the risk factors all aggregated to be too much, we will NEVER place a trade because we know that we cant take this risk for our clients and companies.

The most important take-away here is  : Are you simply gambling away your money in forex ? Or are you taking a systematic assurance way such as 5PipsStrategy Approach  ? 

Do think about it.

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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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