The 5 minute TF S&R trading system

Well its been over 2 years since my last post and the reason for that is i took what i learned and constructed a profitable way of trading. Whether you get info from forums,books etc. you must make them your own with your own rules for entry, stoploss and most importantly money mangement. Ok here we go. Support and resistance will be done only on 5 minute charts. 123 patterns are a part of support and resistance as well as broken 123 patterns which are 123's where the 3 point takes out the 1 point its a quasy 2b pattern. Indicators needed (NONE) when resistance is broken price will come back and test it to see if it turns to support this is high probability because of market structure. Here are some charts to show what i mean

THOUGH ALL THE INFO FROM POST 1 TO 63 IS THE SAME METHOD START FROM POST 64 SINCE I AM ONLY USING LINE CHARTS.

Well the way i would answer it is this; its not how many trades you put on a day but how many winning trades to put on. My money mangement goes as follows if I get and 123 at end of trend and i enter on the break of point 2 and it goes to a win i usually call it a day since i risk 3% i trade with mine and my clients money. If i have a loss and price doesnt make a new low but just takes my stop out if it goes threw point 2 i reenter if it wins i wait till it retraces to enter again so basicly i enter up plus 1 on the day maybe with 1 pair 10 to 15 trades a month via 1 session

I have recently started studying 123 patterns so I am very interested in following this strategy. I also believe in no indies and keeping it simple.

Your charts make a lot of sense and I will look for past patterns to study and get to grips with myself.

If you were studying just one pair, maybe EUR/USD on this timeframe, how many setups would you expect per day?

I am fortunate enough to work from home, so I can keep an eye on the charts during the day and make manual trades.

At the moment I am concentrating on strict SL and Money MAnagement to get disciplined.

Keep up the good work and I will follow with interest.

Thanks for sharing

 

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X-Man's Super Simple System (S3)

X-Man's Super Simple System

Here I am going to show you the very easy way of trading that won't need much thinking but just executing. If you follow my rules then you will be on your way to making a lot of pips and become a very very profitable trader.
This thread is very very similar to the Trading made simple but here we are looking at specifics and wont be trading Just any cross on the TDI, which is very important because as traders we want to keep the pips we make without giving the market back the pips.
Everyone will be welcomed to this thread, we must all work together as the S3 Team. Fighting will not be allowed on this thread.
This thread is dedicated to BIG E for he showed me the way to profitable trading.
just as Big E said I request all you traders out there that will be following the S3 method to get yourself a huge wheelbarrow to load all those pips you going to be making.
Before you start reading this thread you should read babypips to get the basics about forex.
Our pip target for the month will be around 1000 pips per month which will be around 50 pips per day.
With the system you about to learn , it would be easy to make that amount of pips per month.
Guys I am a full time trader and use these 2 methods , So i have full faith in them
So lets get pippin guys.

This thread is dedicated to Big E (my mentor)

Theres a word document and PDF attached to this post discussing all you need to know about the 1H E/U method and the 4H method


To master this system i request all the S3 traders to do lots of back testing. This will help you develop your trading edge and will allow you to execute trades with much more confidence.
This is the perfect place for a noob to start his trading career as this method concentrates on just 1 pair to learn patience and discipline and then when mastered a trader can start trading different pairs.

This trade plan is for the daily trades i take to get around 40 to 100 pips a day.
Your chart must be clean and simple so that will allow you to execute your trades without doubt.

The next trade plan i'm discussing are for those long swing trades where TP will be at 100 to 300 pips a trade. I want to show you a method to stay in a trade for long periods without getting stopped out using a channel and an EMA. This will be discussed in my next post.

Guys this link is to show you guys how to install the indicators on your MT4 platform

download

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Forex Profit Monster Forex System v3-Updates

Forex Profit Monster is an easy to use mechanical trading system that helps take the guesswork out of trading the Forex market.  It's a manual strategy based on momentum and price action that includes a set of custom indicators and custom templates to automatically set up your charts.

Forex Profit Monster comes as a complete forex trading system including several e-books on how to trade Forex, so even if you've never traded before you'll get everything you need to learn to trade! 

Forex Profit Monster is designed to be used with the FREE MT4 trading platform and will provide clear entry and exit signals on all Forex pairs. 

If you're unfamiliar with MT4, Forex Profit Monster includes complete instructions on how to get your free copy of this professional charting platform,


and comes with a list of brokers that provide free practice accounts with real time Forex streaming data so you can practice and learn to trade without risking a penny of your money!

Forex Profit Monster will take your MT4 charts from looking like this:

if you can tell up from down and green from red, you can learn to be profitable trading with Forex Profit Monster! 

The Forex Profit Monster 'Dashboard':

Forex Profit Monster is made up of the following components as numbered above: 

1. FPM Entry Alert Arrow Indicator 
2. FPM Fast Trend Indicator 
3. FPM Slow Trend Indicator 4. FPM Trend Power Indicator 
5. FPM Average Daily Range Indicator 
6. FPM Real Price & Price Channel Indicator 
7. FPM Support & Resistance Indicator 
8. FPM Clock and Broker Spread Indicator 
9. FPM Exit Arrow Indicator 

All Forex Profit Monster components and how they're used is explained in detail in the 35 page Forex Profit Monster Installation Guide & User Manual.FOREX PROFIT MONSTER ENTRY METHOD 
 Entries are as easy as 1, 2, 3 with Forex Profit Monster! 

1. Get an FPM Arrow Alert that the trend is changing; 
2. Wait for the FPM Fast Trend to agree; 
3. Wait for the FPM Slow Trend to agree... and you're in! 

Below is an example of a "short" or "sell" trade: 

FOREX PROFIT MONSTER EXIT METHOD 

 Exiting a trade with Forex Profit Monster is just as easy. You have 3 choices of how to exit; 

1. Exit at the FPM Support or Resistance (automatically plotted on the chart) or... 
2. Exit when you get an FPM Exit Arrow (small white arrow) or... 
3. Exit when the FPM Fast Trend Indicator no longer agrees with the FPM Slow Trend Indicator. 

See the example below of the three types of exits: 

Download

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Extreme TMA System

At the request of many of you, I am starting today what I hope will become a thriving laboratory of ideas that will make each of us, each day, a little better trader than we were. Firstly, I must say that I have never done something like this and I will rely on the help and contribution of you to make it a success.

The history of a trader, like my own, is a tough road full of failure, despair and loneliness, as well as fulfillment, excitement and triumph. It is a hard road full of obstacles and temptations to lead you astray from the path and in the end, only a determined few will succeed in conquering the many mines and potholes in the way and acquiring the discipline and knowledge necessary to succeed.

My own history is a good example of what most of us go through. Luckily, because I had a successful company, I was able to draw funds to pay my "tuition" in the University of Trading. Over the first few years I suffered very heavy losses. Read many books, talked to everyone that I met that knew something about the field. Over and over again, I stumbled over the same obstacles. I couldn´t figure out why if I had been successful in other areas of my life, I was having such hard time with this. I quit several times, only to give it "one more try" and continue on my quest. As I look back on these years now, I truly believe they were necessary to forge the discipline and determination necessary to succeed. Yes, there are traders that have never experienced the "Valley of Despair", but they are few and far between. For the rest of us the way is hard but full of promise and a daily constant battle to control ones ego and remember the lessons learned. After 30 years, I can say I have learned a bit, but there is more to learn every day. The finish line is never reached and that is the wonder and thrill of this profession.

Up front I ask for your help and contribution. Let us be constructive and share our knowledge. If we do, this will have been worth while.

The System: Extreme TMA.

The market, like a pendulum, is a never ending sequence of extremes. It forever tries to reach the mean but never succeeds, constantly overshooting it´s mark, reversing and trying it again but always failing to reach balance. This system attempts to capture those extremes. It is a compendium of my understanding of the market, brought to it´s simplest expression.

The principles are not complicated. The first indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the TMA Slope indicator will show us the relative change in the slope of TMA as compared to previous candles. It determines in which direction a trade must be placed and also shows divergences to price. For example, if price is rising but the slope indicator is dropping, it is announcing a high probability of a drop in price in the near future. The steeper the drop in the indicator the higher the probability of a drop in price. The same concept applies in reverse in the case of a dropping price and a rising slope indicator. A third use of the slope indicator is for divergence detection. If you see 2 or 3 green mounds, each smaller than the one before it, there is a strong likelihood that price is about to drop. 2 or 3 Red mounds, each smaller than the one before it, indicates a high probability of a price rise. On the right side of the Slope indicator you will see the value (grey) of the current chart time frame. Above it the slope value of the D1 time frame and below the trade status (Ranging, Buy Only or Sell Only) of the current chart TF. The third indicator is TMA Slope MTF which gives us the slopes of all 3 time frames. The final indicator gives us the D1 slope values of all currency pairs. A great tool to determine which pairs are possible trades.

MTF TMA: 

Included in the templates are 3 TMA indicators. The H4 TMA (dotted magenta lines), the D1 TMA (dashed blue lines) and the W1 TMA (dashed green lines). All 3 will be visible on a M15, H1 or H4 chart. The H4 time frame are for trades of 1 to 5 days and potential gain of 170 to 250 pips. The D1 time frame are for trades of 5 to 30 days and potential gain of 200 to 400 pips. If you set the chart to D1, you will only see the D1 and W1 TMAs. If you set the chart to W1, you will only see the W1 TMA. If you are a short term trader, a good alternative option is to add the H1 TMA and use the other 3 ( H4, D1, W1) for trend direction. Having several TMAs on one chart is extremely helpful for determining longer time frame trends and combined, they have high predictive value of future market moves.

Stop Loss Use: 

There are various options in this department and I won´t recommend any particular one. A natural level to place your SL would be above a previous high for a short and below a previous low for a long. I myself use only an emergency SL very far away from the PA (100 Pips). If a trade goes against me, I will use Recovery Trades to exit the trade at breakeven. I have included detailed instructions describing the Recovery system in the Documents folder contained in the Packet.zip file. The extreme TMA system works much better when you leave price plenty of room to move.

Entry Rules:

1- We will first determine trend in the 3 TMAs by using the TMA Slope indicator values.

Ranging TMA (-0.40 to 0.40): Trades can be placed in both directions.
Buy Only TMA (Above 0.40): Place ONLY Long trades.
Sell Only TMA (Below -0.40): Place ONLY Short trades.
Super Range: Above 0.80: Hold longs till slope value drops under 0.80, at which point you should close all longs.
 Below -0.80: Hold shorts till slope value climbs above -0.80, at which point you should close all shorts.

H4, D1, W1 slope values must be either Ranging or higher for Longs or Ranging or lower for shorts.

 2- Once trade direction is determined, we will look at the D1 and W1 TMA and determine that there is enough room for the trade to move in your direction before reaching the outer band of both. Example: If you decide to go short, there must be enough room between the current price and the lower D1 band (At least 150 pips) and the lower W1 band (At least 250 pips).

3- We will now wait for price to climb above the top band of the H4 and D1 TMAs at the same time, before placing a Short trade or below the bottom band of the H4 and D1 TMAs at the same time, before placing a Long trade.

4- The Trigger: Once Rule 3 is complied with, the trade will be entered once price turns around and touches the H4 Upper TMA band for Shorts or the H4 Lower TMA band for Longs. Refer to Rule one again before entering trade to make sure that the 3 TMA slope values are still Ranging or in the direction of your trade. If they are not, wait until they return to the correct slope values for your trade and enter then.

Even though not explicitly mentioned in the rules, it is always a good idea to sell from under tested support and buy from above tested resistance. This is always a good rule to follow. It will prevent getting into a trade too early and will increase your percentage of winners. Valid support and resistance areas are: 50 or 200 MAs, TMA centerlines, daily, weekly and monthly pivot lines, etc.


Exit Rules for each type of trade:


Short Term Trade (If used): 

Close the trade when price reaches the opposite H1 TMA band. Reenter trade when price retraces to the centerline of the H1 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.

Medium Term Trade (Standard trade):  

Close the trade when price reaches the opposite H4 TMA band. Reenter trade when price retraces to the centerline of the H4 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.

Position Trade: 

Close the trade when price reaches the opposite D1 TMA band. Reenter trade when price retraces to the centerline of the D1 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.

Attachments: 

I am enclosing a Template and Indicators compressed as a Packet.zip file. Extract it and as usual, place the indicators (.mq4 and .ex4 files) in the Experts/Indicators folder of your MT4 installation. Place the Template (.tpl file) in the Templates folder (not in the Experts/Templates folder). The Extreme TMA - New Version template is designed to follow one currency pair on one screen. Also included is the new Dashboard (!ExtremeTMA v37) which informs us of what pairs are complying with the rules in real time.

That´s it ! The system is simple in concept and easy to trade. I recommend that you handle it with care. Use demo accounts or small lots until it shows itself to be consistently profitable and you acquire confidence in it. A trading system will only work consistently if you truly believe in it. As we move forward, I´m sure we will improve it and make it ever more reliable.

Good luck and welcome to our New Adventure !

Hall of Fame: The following members have collaborated or have made a positive impact on making this system a better one. The underlined names have made extraordinary contributions:

Crodzilla , shahrooz67, Paradox, lologo, NanningBob, Zznbrm, X-Man, Favorite, EasyRyder, mladen, Argonod, Olarion1975, Ever E. Man, Faxxion, flaw, Riddermark, slowpokeyjoe, beto21 cwb, Trainman, Baluda, bassramy.

 Download

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MACD signal reverse

Hi traders,

Simple system. Indicator used double line macd with 12, 26, 9 settings. Time frame 5 minutes. Buy when macd line cross zero line from above, sell when macd line cross zero line from below. Stop loss 30 pips. Take profit anything above 60 or use strategy which suites you. The point is you do not cut your profits short. Stop using signals once the trade is in profit. All comments to improve, ridicule and even ditch the system (if not useful) are welcome.

 Thank you

For example

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Buy/Sell Line for Daily Chart

 

I have been looking for a system based on daily charts because I have a full-time job and can only look at the charts 2-3 times per day max. I read the thread started by 60minuteman titled "Buy sell line trading", and liked the idea of using price action for entries. Even though his thread was not mainly focused on daily charts, I did some backtesting on EUR/USD daily chart for the past 3.5 years and found it to be worth pursuing.
 
Here are my backtest results from the start of September 2009 through the end of February 2013 using IronFX demo data (because they do not have Sunday candles):
 109 trades
 45 wins
 22 breakeven
 42 losses
 Take profit is always 2 times the stop loss amount
 7,074 pips
 48R (which means it made a total of 48 times what was risked on each individual trade)

Here are my rules for trading which are slightly different than 60minuteman's:
Look for buys if the candle has closed above the 50 simple moving average and if the 50SMA value is higher than the value 4 candles back.
The signal candle will be a candle that has closed higher than the previous candle's open, and that previous candle must have an open that is equal to or higher than its close.

Another type of signal candle will be one that has the lowest low of the last 3 completed candles and has a close that is in the upper 25% of the candle height. If this candle does not have a close in the upper 25% but the following candle does, then that candle will be the signal candle.
Set a buy order 0.1 pip plus spread above the high of the signal candle.
If the order is not triggered by the end of the day, then cancel the order.
The stoploss will be 0.1 pip below the low of the signal candle.
Move the stop to breakeven after price has advanced the same number of pips that you are risking.

The take profit is always 2 times the amount of the stoploss.
For sells, the rules are the same just vice versa.
I did not use any S/R lines or any discretion because I wanted as little bias in the backtesting as possible.

My main reason in starting this thread is to find someone who might be interested in making an EA of this system for the purpose of backtesting. I don't have a lot of time to backtest since I work a lot and do the backtesting manually. I would like to find out if this system is profitable with other currency pairs. I'll attach my spreadsheet of the results for your information. I'll try to post some pics of examples later.
Thanks.

 Here are 2 examples of trades:

The green arrow signifies a signal candle that had the lowest low of the last 3 candles and closed in the upper 25% of the candle height. The red moving average line is the 50SMA which has a higher value than 4 candles back. The green horizontal line is the entry buy which triggered on the candle after the signal candle. The stop was moved to breakeven on the Jan 10 candle after advancing the same number of pips that were risked. The green check mark is the take profit level which is twice as much as the stop loss.

 The yellow arrow signifies a signal candle that had a close higher than the open of the previous candle (also the previous candle had a close lower than its open). The red 50SMA is higher than 4 candles back. The yellow horizontal line is the entry buy which triggered on the candle after the signal candle. The yellow x mark is the stop out level.

EU Backtest.xlsx

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Sonic R. System 2013

 Hi Fellow Traders,
 
 My name is Sonic. I want you to read The 5 steps of Becoming the profitable trader (5 steps pdf) document before you do anything else in trading.


The Story

 I have been trading for a near 4 years now (Since 2008) and been a blessing so far.
 Just like many of you. I started out hunting for the holy grail <aka> indicators that gives buy/sell with 0 loss.
 Soon, I found out that my trading statement is going no where, with messy charts and too many indicators to confirm. That causes the late signal trigger; minimizing my wins and maximizing my losses. I start to realise that indicators the one based on the prices happened can calculated according to the formulae, casuing them lagging behing thr price. movemment.

 After reading many TA systems, books and LIVE trading, I have found out about there is no systems or indicators can really predict where the price will go. I became to understand the importance of Money Mangement, General trend, S & R.

The philosophy

Trading is a probability business.
Even you put tons of hours for a set up and it still can turn sour..
You can win and you can lose too.
It is your job to minimise your loss and maximize your win.
You will follow set of rules that will help you on the winning sides most of the time.


The Rise of Sonic R

 Here is a simple, nice and profitable 15M swing system that I get inspired from Raghee 's book.
 A Blindly followed Moving Averages system can be very successful in trending market, but I am around here long enough to witness the failure of it, when the market goes into ranging periods.
 So, I fine tuned the system with understanding of Volume Analysis,S & R, Wave analysis and Price action, and I am getting high success rate on my position/swing trading.
 I'd like to call it Sonic R.
 Now, it is not the magic bullet, nothing is.
 It is a simple EMA based yet effective system.
 You can earn 50 to 400+ pips on a trade.


The Reason
 And why am I sharing this, while I do not earn a penny from you for my time and effort? Because I believe Sharing is Caring.

The Setups/Rules of the system


Sonic Rules.

 1. Do not Over trade big or trade during Asian Session.. Most of the best Set Up or Proper trend occur at/after London Opens. You shouldn't trade more than 5 trades a week..

 2. Never add a losing positions aka average your positions.

 3. You SL must wide enough to for the price to breath.. If you put it too tight, the chance of getting your SL hit is very high even though the price goes to direction that you wanted eventually.

 I have put the "entry, exit, SL and TP" rules with all necessary indicators into "SonicR or SonicRV2 or SonicRV3" zip file.
 SonicRV3 is created with better and more comprehensive examples..

You also can check out our best contributer Professor TAH's templates 

Summary of Upgrade and Installation
 
Attached are new TAH indicators and starter templates for the Sonic R. System. This upgrade fixes and improves the indicators, described as follows (Red Headings). Download the zip file. Extract it to yield the two folders for black and white charts that contain the individual indicator and template files. Paste the indicator files into the MT4/experts/indicators folder. Paste the template files into the MT4/templates folder. Restart your MT4 application.

Control Panel
 
Occasionally the vLines were incorrectly displayed when shifting between AM and PM hours. This issue is fixed. For brokers with “tail end” Sunday sessions (typically any broker at GMT) the vLines would be stacked atop each other at the open of this short session. This issue is fixed. The average range formula is improved. And changes were made to colors in the Clock so that both black and white templates use the same colors for active market hours versus non-market hours in shades of gray.

FFCAL Panel
 
At times the panel did not show upcoming events, or did not show multiple same time high impact events. This seemed to be only when low impact events were selected to be displayed. This issue is fixed.

Line Dragon-Trend, Solid Dragon-Trend
 
Brokers with short Sunday sessions (typically any broker at GMT) lack the data required to make the Dragon and Trend continuous when applying a different TF configuration to the chart (example: using M15 TF configuration of Dragon-Trend on the M30 or H1 chart). New coding identifies when there is insufficient data, and compensates so that the Dragon and Trend can be displayed as continuous.

VSA Histogram
 
The “sound only” alert called for a sound wave file that is not resident in MT4. The MT4 “alert2.wave” file is now called. Also, the ShortName coding has been improved to recognize and display when either alert is “On”, but when the chart TF is M1, the alerts are (default to) “Off”.

Brief History of the Indicators
 
These new indicators were first released 04/04/2012. The new SonicR Control Panel combines and replaces the previous SonicR Chart Panel and SonicR Clock Panel. The release added back the market vLines and TzPivots that were excluded in the final release of the SonicR Chart Panel 07/16/2011. With a live data feed, new coding handles the vLines and user requested TzPivots without special inputs, and facilitates making the one special input needed to display them when there is no live data feed. The release also included the new SonicR Solid Dragon-Trend indicator. Highlights of these new indicators follow (Blue Headings).

Control Panel
 
Replaces the Chart Panel indicator. It includes the Clock Panel and accesses it’s coding to handle the time zone and Daylight Savings Time issues for proper year round vLines placement and TzPivots, while data feed is live. While feed is live, follow the instructions in the user notes to make the single input you will need to display the vLines and TzPivots whenever there is no live data feed. The default setting of this input is for a Broker at GMT. Both the Daily and Fibonacci formulas are included for pivots, and you can display mid-pivots. The default setting for TzPivots is GMT+3, the most widely used, but it can be changed. The “scale” placement of lines on the right of the chart adjusts automatically when the chart zoom is altered. An automatic indenting feature is included. The symbol display in the Panel is now clear of broker additions. The Clock automatically labels times matching Broker and Local times.

FFCAL Panel
 
Additional refinements were made to prioritization coding, and new coding adjusts the background width automatically based on length of text in the event titles.

Line Dragon-Trend
 
Included as an alternative to the Solid Dragon-Trend, with new compatible colors.

Solid Dragon-Trend
 
Included as an alternative to the Line Dragon-Trend, for "easier on the eye" charts to help improve focus on PA. Components that make up the Solid Dragon can be set to adjust automatically to the chart zoom setting.

VSA Candlesticks
 
Places candles on top of the Solid Dragon, highlighting them with colors according to hard coded VSA settings. Candle widths can be set to adjust automatically to the chart zoom setting. The highlighting colors can be turned on/off.

VSA Histogram
 
Recoded for a more pleasing look, this provides a volume histogram in a chart sub-window, highlighting the bars with colors according to hard coded VSA settings. Histogram bar widths can be set to adjust automatically to the chart zoom setting. The highlighting colors can be turned on/off. Choices of two alerts, sound only and sound w/text, are provided for “Climax” candle events.

Instructions on the Use of the Indicators
 
User notes are provided in the compile of each indicator, and are quite extensive in some cases. They will answer most questions. And questions not answered probably will be with just a little use of, and experimentation with, the inputs to these indicators. Please read and reflect on the user notes, and experiment with the inputs. Great pains have been taken to provide adequate user notes and instructions. Please don't ask questions already answered in the user notes simply because you have not bothered yourself to take the time to read them.

Once the indicators are installed into MT4 you can access the user notes. In the main MT4 window there is a yellow diamond icon with "i" in it. Click on it to open the MetaEditor, where you will find a list on the right that includes "indicators", where you will find the indicators you want to "open" in order to see the user notes at the top of indicator compile (code). Double click on any such indicator in the list and the code for it will appear in the MetaEditor window. You can scroll down the code to view. You will find user notes near the top.

Summary of Templates 
 
Three starter templates are provided for both black and white charts. Many configurations of the display of Levels, pivots and range lines are possible using the extensive line placement controls in the External Inputs of the SonicR Control Panel. You are encouraged to experiment with these inputs to become familiar with what they do, and what they allow you to do to customize your charts. The starter templates are shown below.

The templates include both the Line Dragon-Trend indicator and the Solid Dragon-Trend indicator. The Line Dragon-Trend indicator is turned off. If you wish to use it rather than the Solid Dragon-Trend indicator, simply turn it on and turn the Solid Dragon-Trend indicator off.

Conclusion
 
These new indicators include more features, yet setup and use is simplified. The new Solid Dragon will give your charts a cleaner look. The user notes for each indicator have been meticulously written to instruct and to inform, and so to void any necessity to answer questions about the indicators.

Be advised: read the user notes instead of asking questions!

Acknowledgements
 
I wish to express my sincere appreciation of CaveMan for his generous contribution to TzPivots coding and of Kent (Pips4Life) for his excellent Clock indicator. Were it not for the coding of these two gentlemen our Control Panel would not be half what it is. Thank you, CaveMan. Thank you, Kent.

The latest Sonic R. System Manual (in brief)

The Sonic R. System is a method of trading price movements between areas of support and resistance. It trades on the M15 chart. It uses a price activity WAVE at an S&R area to validate a trade setup, and technical indicators called the DRAGON and the TREND. The DRAGON is used for picking the trade entry. The TREND is used to confirm the correct trade direction. Historic S&R is used for picking the trade exit.

WAVE
L-H-HL starting below Dragon for longs, H-L-LH starting above Dragon for shorts, showing "bounce" or “breakthrough” at S&R. Best if WAVE leg #1 crosses thru the Dragon.

DRAGON
Must be angled up with PA above it for longs, and angled down with PA below it for shorts.

TREND
 This is a market bias indicator and it is best if PA is above it for longs and below it for shorts.

TIMING
Prefer not to open trade during asian session. Recommend London session for best momentum. Trade can be closed anytime.

PAIRS
Prefer to trade the pair EUR/USD. Lowest spread. Usually a wide range. Most important is it is most traded pair, which means better volume and better momentum for the trade.


Placement of EP
Wait for a WAVE leg #3 candle to break out of the DRAGON, and place your entry order at least several pips beyond it. It is better if there is no strong S&R area just beyond the entry. Remember also, it is best if PA is above TREND for longs, below TREND for shorts.

Placement of Re-entry
It is best to let PA clear the most recent high, or low, and if there is no strong S&R area just beyond this re-entry.

Placement Of TP
Select a historic S&R level. Such levels can include whole/half/quarter numbers and the middle of consolidation areas.

Placement of SL
 These are the rules for placement of the SL (see picture below that illustrates):

1. The SL must be beyond the H/L (for shorts/longs) of the recent large scale price swing.
2. The SL must not be more than 100-120 pips from the EP (for EUR/USD).

Example
 
 Below are an example of a Sonic R. System short setup and trade, and of the rules for placement of the SL. The key elements of the Sonic R. System are clearly labeled and illustrated.

Conclusion
 To start with the Sonic R. System, read all of Post #1 and the linked material. Read the first 25-50 of Sonicdeejay's posts. Read at least the last month of all posts. Please do not ask any questions for the first month of studying this system, because as you read, reflect, and read more, all of your questions will become answered thru your own efforts.

 The purpose of this thread is to be a "text book" on the Sonic R. System, which learners can read thru and grow. So, the fewer posts that ask/answer the same elementary questions from newcomers, the better for all to have fewer posts to read to progress! The Sonic R. System is elegantly simple. Believe me, any lingering questions you have will be answered as you read the thread and diligently study the trades and other information already posted here.

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Fibo zones - the relation between today & yesterday OHLC

Hi everybody,

I'm starting this new trade because some months ago I've found a great piece of tool in another thread in this forum (high probability Fibonacci zones).

 As I'm sure of the basic meaning of OHLC ratios in trading, that tool was just the cherry over the cake.

Indeed it is an application of Joe Jackson's method that is proven to be very effective; it is an excel calculator that is supposed to indicate the most probable direction that price will follow in the daily session and the levels at which you can expect the price to bounce back, and i can assure that it does its work very well with unexpected precision.

 I'm using it for my real money trading since 3 months with very good results, but there are some features I still am struggling with to understand and unfortunately the thread where I found it is closed since 2010. 

 So the purpose of this thread is to find someone that knows this calculator in its whole details to explain them and , to improve the knowledge about it and the concept it is based on for all the people that have an interest in.

Of course the tool is attached for everybody.

 Thks to all.

 

FiboHenryZone Calculator Sign.xls

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NEW Ema+vq+macd System

Hello all, just thought I might share a system I have been trading for a little while now. Im sharing for two reasons, so that newbies can take an uncomplicated system and actually make a profit on it and also to see where the lovely people here at FF can improve upon it. Read improve upon: doesnt mean to complicate, add a bunch of indicators, completely confuse everyone etc... in fact I would ordinarily not use many indicators in my day to day trading, but i was playing around a while back and I found that this system has merit. With clearly defined entries, stops, money management, and risk management I think any disciplined noob could trade this way and turn a profit. But we will see, wont we?
Now to the system....because this is the part of the thread where the op tells you who they are and how long they've been trading, blah blah blah nobody cares.

ENTRIES: EU-M1 TF

       

These are the same for buys and sells...

1. ZERO LAG MACD will usually cross first, this is the early warning.
2. VQ will usually change color next, this is our get ready.
3. Price crosses and closes on the opposite side of the 20EMA...this is GO......
A. The offending candle then becomes our starting point..no entry is made yet.
B. We use a limit order with a buffer to enter. This way the market brings us in on its own momentum, and we avoid some of the whipsaws that are associated with moving average cross over systems.
1)Bufferfor buy: 2 pips plus spread above the offending candle
2)Sl for buy: 1 pip below the offending candle.
3)Buffer for sell: 2 pips plus spread below the offending candle
4)Sl for sell: one pip above the offending candle
OK..entries and stop losses are covered...now for....

MONEY MANAGEMENT:
 
The old money management thing.....this is where it can go completely wrong for you, no matter what system you use. It doesnt have to be overly complicated either this is how I have used it and it may seem simple, but Im an uncomplicated type of fella. I trade one currency, one trade at a time, basically looking at one timeframe, the zoomed out M1 charts you will see. This makes managing my trades very simple and takes the most stress out of my day that i can. Now on to what I do to manage my money (trades)....

1. I strictly adhere to my stop losses....they usually arent that large to begin with so even if they are hit Im not hurt. Never move your Sl when the trade is going against you, never.
2. I take some profit off of the table when the trade goes my way, this means for me closing half of my trade after a 1:1 risk to reward ratio is hit, moving the remaining unit's stop to BE and enjoying my free trade. See? Friggin Simple, right?
3. I never risk more than one percent of my account on any trade...ever.
4. I typically will trade only with the trend...not a hard and fast rule, but usually a good guideline.
5. Number five is important...never overtrade, try to get revenge after a loss, or have to talk yourself into a trade that isnt there, take the obvious ones and be happy that you are a disciplined trader.

OK, now here's the restrictive part of the thread, gonna use some rules to keep the thread clean and safe for everyone.....

RULES

1. READ THE THREAD BEFORE YOU ASK QUESTIONS....you will only be warned once.
2. BE RESPECTFUL...period...you are adults
3. Constructive criticism only..."Dude, your system is stooopid!" is not constructive
4. POST YOUR TRADES...preferably when you take them, not 10 hours from now.

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Ema+vq+macd System

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