Forex day trading system
“Show me the money”
by Domino
www.free-forex-day-trading-system.com
Hi my forex traders friends,
I created this mini-ebook to give you many details about my forex day trading system and some ideas.
I hope it can helps you if you want to create your own forex day trading system or a swing trading strategy.
This forex ebook is free. You can give it to all your friends who search some forex trading strategies, and you can put it on your website or blog.
I’m here to help you becauce I am lucky to create a forex system that gave me:
+1847 pips in February
and
+2386 pips in March
But you have to help other forex traders like you too.
Don’t be selfish ! More we are and more we’ll have good ideas to find, and to create profitable strategies.
No matter you have a lot of experiences or you are a real beginner, you can help us in this success story.
A lot of forex traders send me some questions at my email account about my forex day trading system because I was too confused in my explanations.
This forex e-book is a solution about it.
Learn all the steps, and I’m sure you’ll be ready to test and day trade my free forex system online.
Domino Domino
www.free-forex-day-trading-system.com
Step # 1 : My Settings
My forex day trading system use the trend. Every trader has to know this rule: “ The trend is my friend”.
Part 1
To identify the Trend (I call it The Big Trend), I use two moving average exponential :
MAE 42
Be careful, some forex softwares write EMA (Exponential
Moving Average). No matter, the mos important thing it is you read: Moving average + exponential.
If MAE 14 > MAE 42 then the Big Trend is Up. That means, you must wait a Long signal.
If MAE 14 < MAE 42 then the Big Trend is Down. That means, you must wait a Short signal.
www.free-forex-day-trading-system.com
Part 2 : RSI
I use RSI because it’s a forex indicator that follow the Big Trend with more accuracy. It doesn’t give many false signals when prices do a little pullback. It’s an advantage
My RSI period is 21
Normally, I use RSI only to find little pullbacks, but sometimes it can help me to go out of my day trades. I use it like a pre-signal, we’ll see that later.
www.free-forex-day-trading-system.com
Part 3 : William’s %R
For me William’s %R is the King of forex indicators. I use it to find the turn point of pullback. One minute, I’ll explain with my simple english words. William’s %R shows me when the end of a pullback is near. Did you understand me ?
Now pay attention, please.
William’s %R value are between [-100 ; 0], but for me, when I write I do [0 ; +100]. Why ? I don’t know. May be I don’t like negative numbers.
Hey, I lost three times my money, so I’am a little paranoïd.
www.free-forex-day-trading-system.com
When 0 ≤ William’s %R < 15 , that means our little pullback is near dead. And at this moment, we open our eyes, and say the market: “Show me the money !”.
It’s only valuable if the Big Trend is Down. ---
When 85 < William’s %R ≤ 100 , and if there is an Up Big Trend, That means the pullback arrive at his end. And we say : “Show me the money !”.
For this case we must have a Long Big Trend.
My William’s %R period is 7
Yeah !!! You just learnt my forex day
trading system settings.
www.free-forex-day-trading-system.com
Example
Did you see how MAE could help you to find the right direction ? RSI showed us the market was Up even if prices did some little pullbacks. And William’s %R showed us the end of the little down trend.
www.free-forex-day-trading-system.com
Bonus
I received some emails from forex traders members who had taken a losing trade. After I analyzed their charts and I saw they took a good signal but a riskly trade.
Often, they entered too late in the Big Trend. So I wanted to show you How to find the best day trade.
I use RSI to do this job.
Remember, we have a Up trend when MAE 14 cross up MAE 42, and a Down trend when MAE 14 cross down MAE 42.
But sometimes, RSI shows us a Pre-signal
Long Pre-signal when RSI > 50 before MAE 14 cross up MAE 42.
Short Pre-signal when RSI < 50 before MAE 14 cross down MAE 42.
www.free-forex-day-trading-system.com
MAE 14 can help us to find the best day trade too.
For a long signal, it’s better if the down candlestick close under MAE 14.
For a short signal, it’s better if the up candlestick close above MAE 14.
Example
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Step # 2 : My Entry
There are many ways to enter, but I’ll show you the most “popular”. #1
If we wait a Long signal, we take a position with an Up candlestick:
When you have an Up candlestick, we enter if prices cross his High, with a market order.
If we wait a Short signal, we take a position with a Down candlestick:
When you have a Down candlestick, we enter if prices cross his Low, with a market order too.
www.free-forex-day-trading-system.com
#2
If we wait a long signal and prices cross the high of the Down candlestick that gives the signal. We can take a position.
And if we wait a short signal with prices cross the low of the Up candlestick that gives the signal. We can take a position too.
But, take an entry like that, it’s more riskly than the #1 way. Test it on a forex broker account to be confidence with this type of entry.
www.free-forex-day-trading-system.com
#3
Sometimes, after the candlestick that gave a signal (long or short), we have a doji. It’s a candlestick with his open has the same value of his close. Doji ===> Open = Close.
In this case, we’ll enter when prices cross:
www.free-forex-day-trading-system.com
Step # 3: My Stop loss
The Big error of the beginners is to use one stop loss. They are afraid to be take a big loss then they put their stop loss near the entry. I think it’s a big mistake.
Stop loss #1
To put my #1 stop loss, I use SAR parabolic. The settings are (0,02 ; 0,2). I take the #1 SAR and put my stop loss under it for a Long signal or above it for a Short signal.
How to find the #1 SAR ?
Ok let’s go !
#1 SAR is before the signal candlestick. We have two cases:
www.free-forex-day-trading-system.com
But be careful, we can have a false signal. It’s when you have a SAR dot alone.
Ok, we put our #1 stop loss under the SAR dot for a long signal or above it for a short signal.
Stop loss #2
We put this stop when prices cross:
www.free-forex-day-trading-system.com
Where to put it ?
We place it under the lowest of the pullback for a long trade.
We place it above the highest of the pullback for a short trade.
Are you ok with that ? Currency trading is a business not a game, so you must to learn seriously if you want to have a chance to find success.
Stop loss # 3
This stop loss is more simple. When prices touch the “-38,2%” level we put our stop loss #3 at the entry.
Like you can see, it’s simple.
We must always follow this plan for the stop loss if you want to have a chance to make big money in the forex jungle.
Domino
www.free-forex-day-trading-system.com
Step # 4 : The Exit
To exit we have many choices :
www.free-forex-day-trading-system.com
Now, you have many details about my
forex day trading system !!!
If you have any questions, you can send me a message on my website:
www.free-forex-day-trading-system.com
www.free-forex-day-trading-system.com
Forex Day Trading System
To learn my forex day trading system, I’ll show you two day trades. I think it’s more easy to learn like that.
Example # 1
Trade of 02/12/08
Step #1: Use the right indicators
The forex trading market shows me:
- MAE 14 > MAE 42 = = = > The Big Trend is Up - RSI > 50 = = = > The forex market wants to stay Up - 85 < William’s %R < 100 = = = > Prices are oversold
Step #2: Find Low and High
Whith my Low and my High, I put my favorite fibonacci retracements to find the best exit.
Step #3: Find an entry, a stop loss and an exit.
I entry on a candlestick which has the same direction of the Big Trend. Trend Up = = = > I use an Up candlestick to enter Trend Down = = = > I use a Down candlestick to enter Result of this trade: +99 pips That's a big profit !!!
Example #2 Trade of 02/26/08
Step #1: Use the right indicators
The forex trading market shows me:
- MAE 14 > MAE 42 = = = > The Big Trend is Up - RSI > 50 = = = > The forex market wants to stay Up - 85 < William’s %R < 100 = = = > Prices are oversold
Step #2: Find Low and High
Whith my Low and my High, I put my favorite fibonacci retracements to find the best exit.
Step #3: Find an entry, a stop loss and an exit.
I entry on a candlestick which has the same direction of the Big Trend. Trend Up = = = > I use an Up candlestick to enter Trend Down = = = > I use a Down candlestick to enter Result of this trade: +29 pips That's a small profit !!!
If you have any questions about my forex day trading system, you can send me an email or a message directly in my website:
www-free-forex-day-trading-system.com
Have a forex trading system, it’s not enough to be a profitable forex trader.
You need:
--- > Discipline
--- > Patience
--- > Perseverance
Don’t forget one thing : Currency trading is a business, not a game.
I lost three times my money in this jungle (more than $15,000), so I know this truth: 95% of traders fail all their money. Be careful and read that:
Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
I love Currency trading !!!
Forex Trading System results
Learn my forex trading system with my forex trades explained…
Hi my friends,
I have time left to put every day my forex trades on my website, so I
decided to do it per week on a format PDF.
And I hope you’ll better see my forex charts than on my videos. I’ll continue to put my forex videos on :
http://www..com/3system
I’m sorry if I don’t send you a response of your
message. I’ll try to do it as soon as possible. Some forex traders want to help us to create an EA (Expert Advisor) about my forex day trading system.
Thank you again.
I love currency trading !!!
04/17/08
I entry when prices cross the High of the “signal candlestick”, and I put my #1 stop after. The
difficulty is too be patient when you see prices go against you. Don’t panic, follow your plan.
Then I put my 2nd stop when prices cross the High of the trend (That help us to draw the fib levels).
I decided to go out when prices made a divergence with William’s %R indicator.
This trade was simple but it was a little riskly for me. Why ? Because the trend was begun when #1 SAR appeared.
I decided to go out when prices touch the “-38,2%” level and I took my big profit.
This trade is a “classical” because:
#1 SAR begins before the Big Trend
The pullback hasn’t a green candlestick between the High and the signal.
The signal candlestick close under MAE 14.
If you want to increase your chance to make a profit, trade only this type of day trade. And go out when prices touch the “-38,2%” level.
This another “Classical” trade:
Forex trading is not easy but it can be simple if you have a good plan. But be careful with that because you can lose all your money in a few month too.
第一步我的设置
每一个交易者必须知道:趋势是我的朋友
1:定义趋势(我称之为大势),我用两条移动平均线Ema14Ema42
如果:ema14>ema42,大趋势向上。意味着,你需要等待一个做多的入场信号如果:ema14 我的rsi设置为21 通常,我用rsi仅仅是帮助找出小回撤,但有时候,他能帮助我卖出我的日内交易。我用他做预先信号(pre-signal)3:william’s&R威联指标 我用他找出回撤的转折点。威联指标告诉我回撤的末端接近。 我的威联指标区间是[0,100],因为我不喜欢负数吧? 当0<=WR<15,意思是说回撤接近尾声那时候,我们张开眼睛,说:“让我看看钱。”这只是在大趋势是下的时候有效 当85 二:RSI告诉我入场(WR共振)三:WR背离出场 注意一: RSI来发现最佳买点 记住,上行趋势,14EMA上穿42EMA下行趋势,14EMA下穿42EMA 有时候,RSI会先行 多头行情RSI信号比EMA信号更快空头行情RSI也比EMA更快 EMA也能帮助我们发现最佳的买卖点。 买空入场信号,如果下行K线收盘价在14EMA之下。卖空入场信号,如果上行K线收盘价格14EMA之上 我的观察: 一,EMA显示下行趋势二,反弹到14EMA放空 三,在WR底背离时候平仓出局四,重点在如何设置止损 注意二: 1:如果我们等待一个买空入场信号,我们在阳线顶端进场 当我们得到一根阳线,如果价格超过高点,我们进场当我们在等待一个卖空入场信号,我们在阴线底端进场 两图解读: 当出现进场信号的时候,不急着进场,而是等待第二条K线。。 2: 如果我们等待一个买空入场信号,价格越过了那条给出信号的阴线的高点,我们买进如果我们等待一个卖空入场信号,价格越过了给出信号的阳线的低点, 但是这样进场,比前面那方法要危险的多。3: 有时候,在信号后一根K线是十字。A:过十字高点后,进多B:过十字低点后,进空 3:我的止损设置一号止损方法 使用SAR(0.02;0.2)。 但是单独使用SAR,会碰见虚假信号。二号止损方法 这图讲的是当做多时候,穿越了新高了,就把止损设置在前高,用以保护利润。 我们把第三止损止损设置在多头行情的回撤位之下,空头行情的回撤位之上 三号止损方法 当价格触及38。2%,这就是我们的止损三号。 (止损设置那么多?四个止损点?) 4:平仓 平仓有很多种选择 A:当价格触及38。2%,马上平仓。(这里说的是止盈位,只吃38。2%;;这不是做足盈利。。不过确保证盈利) B:做多时候,当价格到达-38。2%,马上出局,做空时候,到-38。2%马上出局。C:背离 和WR的背离。。 15个点的损失是我所能承受的最大的损失。。 例 1:EMA14>EMA42趋势向上2:RSI>50 3:85 5:进场交易(红线是我画的,好象应该是大阳线那里过前面那个十字后进场)6:顶背离出场,盈利99点(他还说了个爽字)例子2 1:利用均线判定出下行趋势2,指标回调到位 3:找出回撤位,进场。。。bestshot!! (这里他说明了382这个数字是他最喜欢的菲波那齐数字) 4:横线位就是他的进场点咯?背离出场。。赚29点。这次盈利小。。你需要1:纪律2:耐心 3:坚持不懈perseverance(嘿嘿,新单词)还有,别忘记,交易是一件工作,不是游戏。 例子三 我进场做多的时间在信号K线出来后下一根K线过它的高点(然后套了),然后把我的止损一号放在这里,当你看到价格没有按照你的预计上涨时候,别焦急,耐心,按照你的计划做事。然后我把我的止损二号放出,当价格超过趋势的高点时。最后当WR背离了,我出场。赚了66个点。。。 (这里没有写明这一段下跌时候,多单是怎么保护住的。止损设置在哪里?呆会晚上我再看看。)止损一,SAR没有被触及过 然后提高到止损2(中间过程中,并没有发生止损2的产生?) 这次交易对我来说很简单,但是有点危险。因为当止损一号(sar)出现时候,趋势早已经开始。(嘛意思?止损一太远,扛不起?) 所以我决定在382位置就出走,而不是使用背离产生。 这次交易是经典交易: 1:止损一在大趋势刚开始前 2:回撤位在最高价和信号K线这里没有绿K线(在外汇里绿K线指上涨K线)3:信号K线,收盘在EMA14之下。4:在382位置卖出。。 另一次经典交易 10分钟图的买点卖点。。挺好。。
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