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  1. #1
    Registered user Azis Muslim's Avatar
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    Consistence Profit Indicator

    Hi guys

    This time I want to share you all the one and only indicator I use to trade in forex market. It is Consistence Profit Indicator (CPI), created by an Indonesian trader and shared through all my forex community. I remembered that I got some questions regarding my strategy in my trading journal about this indicator but I didn't share it to them at that time. But now, it's all for you.

    Discussing about an Indicator, first thing come to our mind is how to use it to analyze the market? What are the advantages and disadvantages? Here I will explain this to you how to analyze market then correctly go long or short. In this thread, I will only choose EUR/USD to trade with hourly time frame. Here's the indicator first, for you to download and apply it to your MT4. Attachment 13288

    RULES EXPLANATION

    The rules are simple, according how much risk we want to take and depends on how much profit we want to earn daily. For example, we have a plan that we must take at least 3 chance to get into the market daily and make some money.

    Everything will be set up automatically, so we just need to insert the indicator then boom, here it goes. There are few lines with various color in the indicator. The yellow line is an Open Market price (OM). The red lines below and above the OM is T30, a correction line. T30 means Trend 30, which describes a 30% correction of yesterday High and Low price (HL). And some magenta lines above and below the T30, is also correction lines with various levels, depending on the numbers after T.



    And there are few purple dot lines in certain level. It is called Magic Numbers. They are 22, 55, 88, and 72 (alternative), for example 1.0922, 1.955, etc. Those lines are useful to recognize reversal or trend-continuing movement, depending on the price which breaks one of the level or not. If the price breaks 1 level, it will try to break the next one. If it fails, most of the time it will move reverse.



    a. sell
    Usually, EUR/USD tends to continue its previous trend for few pips then go for a correction. The minimum amount of correction of a trend or the continuation is 30% of previous pips made (highest level - lowest level). For example, yesterday's high and low point was 90 pips above. So, we can calculate them 120 pips x 30% = 40 pips minimum. The 30% correction shown with red lines above and below the opening price. See the screenshot below:



    b. buy
    The rules are all the same, as long as we calculate yesterday's 30% minimum correction of high and low level price, we can easily take action when the time is coming. See the screenshot below:



    TRADING DAYS

    Trading days are also important to trade. In some days, we can simply analyze how much market will move and we can decides which actions should be made or how much profit we can get. As we know that in common, market will starts in Monday at 4.00 to 5.00 AM server time and ends in Saturday at 3.00 to 4.00 AM in the MT4. But in this strategy, we will start the day trading from Thursday as the open market day and Wednesday as the close market day. Let me share you some tips for each day trading, starts from open market day.

    Thursday
    This day is the highest volatility day for traders. Market's movement range scaled from 90 to 140 pips or more. Very risky to traders who wants to trade safely or for scalpers. But this day is very suitable for swing traders or high risk trader to earn a lot of money. Not guaranteed to trade in US market time.

    Friday
    The most easiest day to get profits, according to my experience. We just simply follow the previous movement or use the indicator. When we see the price doesn't break the Open Market price (OM), it will continue its movement, whether its down or up. Has same market movement ranges like Thursday.

    Monday
    Market's will tend to move slow (sideways). This is a good opportunity to trade for safe trading and will perfectly fits the strategy. Range scaled from 30 to 60 pips.

    Tuesday
    Sideways market in second part. Has same range movement as Monday.

    Wednesday
    Market's closing day. Just like 2 previous days, it has sideways movement. But sometimes can get bit volatile when market enters the US time. Trade wisely.

    Here's the example of 1 week day trading (with some details explained):



    Alright guys, that's all I want to share to you. If you have any questions or ideas regarding my thread, just leave some replies here. I would like to help you here.

    Thank you very much and trade safely.

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  2. #41
    Registered user cutiekc's Avatar
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    Quote Originally Posted by Azis Muslim View Post
    Unfortunately, all the information that I have explained in this thread is shorter than the information I learned before. The material that I have described here is all the information that is most important. Therefore, such information can not be shorten again. If you have any questions about the strategies I shared here, please ask me directly. I think all of them are connected and I have explained them in their very details. Perhaps it confuses you a bit since this is a new thing for you to see.
    Well, If I am to be faced with such a chart then I think I will have to say that the trend is just an uptrend, though it seem like you are more of a intra day trader, but to me I will see it as an uptrend and then wait for a pull back and then enter the market based on a good trading setups.

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    Quote Originally Posted by cutiekc View Post
    Well, If I am to be faced with such a chart then I think I will have to say that the trend is just an uptrend, though it seem like you are more of a intra day trader, but to me I will see it as an uptrend and then wait for a pull back and then enter the market based on a good trading setups.
    [lang=ms]intraday it good method also can be easy to target for profit daily.for me prefer intraday because can trade like cool and not in stress situation.but not every trader like using intraday because factor of time and maybe they can be like scalp or swing trader for big trader.in depend on us want to be like what[/lang]

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  4. #43
    Registered user cutiekc's Avatar
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    Quote Originally Posted by KB streetboy View Post
    [lang=ms]intraday it good method also can be easy to target for profit daily.for me prefer intraday because can trade like cool and not in stress situation.but not every trader like using intraday because factor of time and maybe they can be like scalp or swing trader for big trader.in depend on us want to be like what[/lang]
    I think that is the problem with so many traders and why they loss their money, in the sense that the target on daily profits, therefore that pushes them to taking trades and risk they should never have taken, I am not saying that intra day trading is not a good one, but I am saying we should not keep targets.

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  5. #44
    Registered user Azis Muslim's Avatar
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    Quote Originally Posted by cutiekc View Post
    I think that is the problem with so many traders and why they loss their money, in the sense that the target on daily profits, therefore that pushes them to taking trades and risk they should never have taken, I am not saying that intra day trading is not a good one, but I am saying we should not keep targets.
    Some people may have their own opinion about the profit targets. No vote daily goals, weekly, monthly, and even yearly. Here we can not say anything about each of the choices made by others, because it is their right, our right to choose whatever we like, as long as it is good and useful for us. I personally prefer the weekly target rather than daily. There is no problem at all about it, I think.

    - - - Updated - - -

    Quote Originally Posted by cutiekc View Post
    I think that is the problem with so many traders and why they loss their money, in the sense that the target on daily profits, therefore that pushes them to taking trades and risk they should never have taken, I am not saying that intra day trading is not a good one, but I am saying we should not keep targets.
    Some people may have their own opinion about the profit targets. No vote daily goals, weekly, monthly, and even yearly. Here we can not say anything about each of the choices made by others, because it is their right, our right to choose whatever we like, as long as it is good and useful for us. I personally prefer the weekly target rather than daily. There is no problem at all about it, I think.

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  6. #45
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    I dont think that is even posible and that is when you are handling these market in a said trading process that we knoe there is a greater working process that we are able to value that will make it proper for you to run certain integration that will always prove we are all doing the right thing

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  7. #46
    Registered user cutiekc's Avatar
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    Quote Originally Posted by Azis Muslim View Post
    Some people may have their own opinion about the profit targets. No vote daily goals, weekly, monthly, and even yearly. Here we can not say anything about each of the choices made by others, because it is their right, our right to choose whatever we like, as long as it is good and useful for us. I personally prefer the weekly target rather than daily. There is no problem at all about it, I think.
    This is business and to that, I have got to know that most times, things are not and should not be done in the business based on the right you have, but then the focus shoudl be on the things that do work for you as a trader, therefore making consistent money in forex trading is as a result of keeping discipline to that which works and worked for other traders.

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  8. #47
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    It is much more simple and easier to read the chart and determine what is to be done when the chart is already formed, the main deal is getting in when it is forming. Apparently, most people make more than consistent money from forex trading, and which they are able to get done through the learning process and discipline they have.

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  9. #48
    Registered user Sixteen's Avatar
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    Quote Originally Posted by hosny55 View Post
    I see a very good indicator with a very very detailed illustration . which i may not be able to assemble all of its meaning together . so i hope to add another simplified and concluded way to illustrate them correctly . so i think that it can be very good for us to read less and understand the more .
    It's not all about seeing but it's all about practicing it with the demo account first to see how effective it will be before an start it with the live account. We have many profitable strategy we can use to trade this market but we must also be cautious about risk management because it's very important. Our main target is to make money and as we aspire for this, let's work hard to develop ourselves in the right means.

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  10. #49
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    While I was still very new in the forex market, I search for indicator almost everyday, try one indicator to the other and all make me lose more and more, so I don't like the idea of trading with indicator, well thanks for your afford and for sharing your indicator with other forex traders, there are still a lot of traders that are interested on simple method of trading, but for me I say no to indicator trading.

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  11. #50
    Registered user cutiekc's Avatar
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    Again, one other thing I like about this indicator is that it seem to be a price action type, but yet we have to know the basics on which indicators are been created which is based on support and resistance lines and levels and learning that on the basic would help us a great deal on how we trade.

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