Forex Techniques Development Group
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thread: Forex Techniques Development Group

  1. #1

    Forex Techniques Development Group

    My purpose is to operate on several different price action techniques: price patterns, candlesticks, S/R; and also, fibs and RN in evolving strong approaches to trading forex. Throw in fundamental analysis into the mix also. There'll be all kinds of ideas generated and lost. Essentially, it may be broken down into three components (1)entry (2)pyramiding (3)exit. The goal is to various techniques for these three factors.

    MY attention isn't to come up with a new indior or any fantastic new method. I am a solid believer in the simpler the better when it comes to trading. My interest as well as my core belief is to find new and clever ways of combining simple techniques to squeeze and squeeze as many pips(increase R/R) in the market as far as possible.

    Finding a good tendency on higher time frames: daily, weekly, monthly. Mastering the art of precision entry on reduced, lower time period and digging against sound. While riding that daily/weekly/monthly trend all the way. . .for months and months, if needed, years. This is what it's all about.

  2. #2
    METHOD #1

    BOUNCE TRADES off daily highs and lows: picking bottoms and tops.

    Trading pours off confluence of S/R, rn, fibs, trendlines are fantastic for trend continuation trades....but here I am considering picking bottoms and tops of daily charts. First thought I would like to start working is using 3 peaks or 3 valleys, neatly piled on top of each other, using a wonderful momentum ratio, and also solid FIB swings that hardly breached the 61%. The idea is to use peaks as BOUNCE point or the beginning of the 3 valleys.

    Currently, I am comfortable with the D1 as the installation chart and H1 as activate chart.

    CHART EXAMPLE:

    H1 activate chart


    the DAILY chart:



    up to now, I have discovered that price barely breach those factors by more than -10pips before reversing and giving at least, 20pips. Factoring spread, this should give sufficient space. Of course, the purpose is to ch among these 1 in 10 trades that goes boom to 1000 or 500 pips on the daily chart, all the while, just risking -10 or -20 pips.


  3. #3
    The point of the technique is to exchange DAILY shirts and daily bottoms. Higher risk.


    First idea that I wish to start working : is using 3 valleys or 3 peaks, neatly stacked on top of one another, with a nice momentum ratio, and also strong FIB swings that barely breached the 61%. The idea is to use the start of the 3 sidewalks or sidewalks as point.

    Currently, I am comfortable with the D1 as the setup chart and H1 as trigger chart.

    CHART EXAMPLE:

    H1 trigger chart


    the DAILY chart:



    So...
    The point of the technique is to exchange DAILY shirts and daily bottoms without waiting for PA confirmation. Higher risk.

  4. #4
    METHOD #2

    TREND/trend switch: higher highs/lows or reduced lows/highs on the daily/weekly/monthly. trendline. S/R zones.Take note of trendline gradient.

    Instance of changes within trendline gradient:

  5. #5
    METHOD #3

    Generally, you input a standard BPC trade after the completion of the bpc. I am interested in utilizing the bpc's P, zooming into lower timeframe, with all hector techniques of 1 to tighten the risk dimension of the trade. In such a circumstance, the exit point wont be the retracement's completion, it will be projected MM of the BPC itself.

    The chart illustrations are: daily(setup) and h1(trigger).

    On the daily chart you can see the BPC breakout emphasized in blue. Generally, you enter at the completion of the BPC(the red line). That's how it's done.


    BELOW you can see the H1 chart. The P(pullback) of the BPC emphasized in blue. It's possible to see it evolve into a 1,2,3, trendline breakout of YAGUEX/HECTOR approach. The strategy then is to determine how viable it is, given the risk(which I address below) to enter and accept that 1,2,3/breakout sign. Basically, to take care of a daily or weekly or H4 breakout trade just like a standard hector swing commerce during zooming to a far lower time period, and treat that BPC trade just like a standard hector swing trade(naturally, the fibs will probably be drawn, the rn is going to be watched out for, etcetera).



    QUESTIONS TO BE ADDRESSED:

    - Should you follow the 1/4th, 1/8th time period rule as applied to all other yaguex trades? That is, if you find the BPC on h4, you go for entrance to 15mins or h1. Or, how should time period that was 1/16th be used too?

    - Should one BE this moment the trade has got to 1:1? Either by selling 1/2 or transferring SL to BE? Or dont move to BE before retracement low/high has been reached?

    - Just how can one cope with/screen outside BPC that wont finish itself? Because this technique is based on the assumption that the BPC you're currently trying to trade will finish itself; or barring that, it will give you a 1:1 that'll get you out clean. Which goes to my point: 1:1 r/r ought to be significantly lesser than the peak high/low of the *B*. The more significantly lesser.

    Basically, this is treating a BPC just like a standard hector swing commerce.


  6. #6
    Generally, you input a normal BPC trade after the completion of the bpc. I am interested in utilizing the bpc's P, zooming into stage, using hector methods of 1, 2,3 formation to considerably tighten the risk size of the trade. In such a circumstance, the very first exit point wont be the retracement's completion, it'll be projected MM of the BPC itself.
    ....
    Here is just another example of what I mean:

    DAILY CHART is the setup chart, H1 is the trigger chart.

    It's possible to observe the BPC on the daily chart(the yellow box), thendrag into the H1 as activate chart to view, descending all of the way down, the P of the BPC. At the bottom of the P descent you'll be able to observe the S/R level, you can observe the 1,2,3 formation, the rest of the interior trendline, the 50% fib, the RN( of 0.9250). That's a hector swing trade entry. Which meansour SL gets dispersed further, when utilizing the conditions of a standard daily BPC as our exit.

    I NEED TO ADD: These are best when used with a minimum of three trademark trendline break or a two touch ascending/descending triangle break.


  7. #7
    Here is just another example of what I mean:

    DAILY CHART is your setup chart, H1 is your trigger chart.

    It's possible to see the BPC on the daily chart(the yellow box), then, zoom into the H1 as activate chart to view, descending all the way down, the P of the BPC. In the bottom of the P descent you can see the S/R degree, you can see the 1,2,3 formation, the break of the inner trendline, the 50% fib, the RN( of 0.9250). That's a hector swing trade entrance. Which means, our SL gets dispersed further, while utilizing the conditions of a conventional daily BPC...
    On the following example: GPP/CAD.

    SETUP had been daily, BPC was about the h1, entrance was on M5.

    ADDENDUM: This strategy, if properly mastered and judiciously applied will lead to growth R/R. And in the case in which a daily or weekly BPC contributes to a run-away trade, the R/R will probably be obscenely profitable.



  8. #8
    Method #4

    B-P-C Principles of Participation.

    - If the P and C of a BPC is taking forever, or growing into a lot of candles, then switch to X4 time frame. If that new level is growing into candles more, change to X4.

    - Your breakout candles or candle should never be more than two before a pullback happens.

    - Your pullback candles or candle should not have a lot of closed bodies supporting your s/r line or trendline. Preferably -- none; in most -- 2.

    - Beware of signature #3 and signature #2. And of course, the 50 percent fib level.

    - Three touches is crucial to your trendline split transactions. Two touches to get an ascending/descending triangle. This is the greater probability trade.

    - Many BPC will just give you an r/r of 1:1 unless it's a TRENDLINE collapse move or a bpc off a weekly high or low. These are my observations. These are the fractures that generally yield the largest moves. If those motions are fundamentally backed. Coupling a SL that is tight with a massive move like that's what trading is all about, and of course, pyramiding and driving it tendency into the end.

    - At this point in my trading, I am just comfortable with weekly, monthly, daily fractures. On rare occasions, I do breaks.

  9. #9
    Method #5

    SWING TRADES: Rules of Participation.

    Hector's approach. H4/h1/15mins. D1/h4/h1/15mins. W1/d1/h4. M1/w1/d1. AT confluence(fib, rn, s/r, outer trendline)

    Enter at BPC after inner trendline break(3 touches minimal ); OR, 1,2,3 completion without bpc or trendline break; OR, bpc on 1,2,3 without trendline break.

    BE the transaction after 1:1 or in retracement high/low.

    Beware of the 50% retracement level.

  10. #10
    Method #6

    I recently came across a method of combining a modified normal LOB(utilizing 4HR consolidation) using a 1minute candle breakout 10pips SL/BE parameter ADR as PT.

    RISK/REWARD = 1:10.

    Totally love it.

    The only thing is that, the method seems restricted to EUR/USD, I'll attempt to create it for different pairs as well. Afterall we develop robust FX techniques.

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