Simple Trading System
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    Rookie Azis Muslim's Avatar
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    Smile Simple Trading System

    Hello guys, let me introduce myself. I'm an averaging trader. I don't use any indicators for my trade but with simple trading tools such as trend lines and horizontal lines. My chart always clear My daily target start from 30 to 50 pips minimal. In my strategy, I don't set stop loss because I want the price to touch the take profit and I use averaging technique with small lot size started from 0.1 to 0.3 in cent. I will start this strategy using $10.000 demo account. Most of people must be think that trading without setting a stop loss and use averaging technique is too risky but it's not for me. I already have my good MM and RM about this.

    I use H1 time frame for entering/ closing from the market and for analyzing. I combine two trend lines to make a butterfly sign. I also use horizontal lines to determine whether the price will pullback or not. When the price break the lines, the price will continue its trend. Otherwise, if the price don't break the lines or only touch it, the price will move reverse. I only trade in Eur/Usd and Gold.

    For example: I know that the price will move up, then I buy 0.1 lot. I will keep buying if the price keep going down because I'm sure that the price will go up. I take a lot of opportunities when there is a price correction.

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    Rookie Azis Muslim's Avatar
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    1st Day, November 8

    Today, I can see there is an opportunity in EU to buy.

    EU: Buy at 1.3413 and 1.3411 TP 1.3420

    Reasons why I buy:
    The first until second candle has 10 pips total and the third is doji. In my trading rules, if the total candle has reached 10 pips minimal, in the fourth candle I must open reversed position.

    Attachment 2617

    Gold: Buy at 1309.68 TP 1315.66

    Reasons why I buy:
    1. The price has reached the support level, the lowest level since 1 November 2013. It means the price can move reverse.
    2. The third candle is inside the upper butterfly wing and seems like the fourth is trying to catch up too. If the full body of fourth candlestick form in upper wing, It means the price will go up.

    Attachment 2618

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    Last edited by Azis Muslim; 11-12-2013 at 09:30 PM.

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    Rookie Azis Muslim's Avatar
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    EU: Buy at 1.3413 and 1.3411 TP 1.3420 has been hit and closed by TP. I got 16 pips profit

    Attachment 2628

    Due to NFP News is about to release in the next 1 hour and 30 minutes:
    1. I want to lengthen the TP in Gold from 1315.66 to 1321.61,
    2. Adding one buy stop at 1312.00 TP 1321.61.

    Attachment 2629

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    Last edited by Azis Muslim; 11-08-2013 at 02:01 PM.

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    Rookie Azis Muslim's Avatar
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    I added some positions both in EU and Gold. Because NFP news give good result and strengthen US Dollar. As we can see now EU dropped more than 50 pips and Gold dropped more than 3k pips. According to my trading strategy, I'm adding some buy positions again.

    EU: Buy at 1.3348 and 1.3371 TP: 1.3410

    Reason:
    1. The 18th candle almost hit the lower butterfly wing but not break or touch it. This means I can open more buy positions.
    2. The 17th and 18th candle almost break the horizontal line in 1.3355, the trend still up. If the full body (open and close candle) break this line, it means the price may go down.

    Attachment 2638

    Gold: Buy at 1285.68 , 1287.91 and 1291.83. I modify all Gold buy positions to 1316.77

    Reason:
    1. Though the price has broke the lower butterfly line and the horizontal line, the price may move up because I can see there's a shooting star pattern.
    2. Gold almost reach its daily range. It means the price will move reversed, try to catch up the uptrend again.

    Attachment 2639

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    there is absolutely no system that is as simple as the Forex price action trading strategy because you do not need to use any indicator because you only need to understand the meanings of the candles and once that is done you are good to go anytime because the candles will always form either you like it or not.

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    Rookie Azis Muslim's Avatar
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    2nd Day, November 12

    Hello guys, today I'm still waiting til Gold hit the target profit. But I already closed 2 positions in EU and got little profit
    Still not interested to enter the market.

    EU: Buy at 1.3348 and 1.3371 TP: 1.3410

    Attachment 2677

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    Last edited by Azis Muslim; 11-12-2013 at 09:29 PM.

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    My friend thanks for your nice post and I think a forex trader needs a strategy to get good profit and I think I could get a good profit if I have a simple and effective strategy. I always use MACD,RSI (14) and Zigzag. I am developing my strategy more and more. But I like your strategy and need to test in my demo account.

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    Simple trading system is all time very very good for all forex traders. I am all time do very simple trading in forex. Beacuse i am all time believe that a simple trading system help me for earn huge money with very short time. Good forex traders are all time trade in here very simple as possible.

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    Rookie Azis Muslim's Avatar
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    Well, hi again guys. Finally got the right time to open a position both in EU and Gold.
    (P.S. I trade in Gold for long term purpose).

    EU: Sell at 1.3408 TP 1.3375

    Reason:
    1. As we can see that previous price didn't reach or break the upper horizontal line. This means the price will move reverse and go down.
    2. The 4th candle is trying to enter inside the butterfly wing. If the next candles are inside of it, it means the price will go down.

    Attachment 2694

    Gold: Buy at 1281.06 TP 1316.77

    Reason:
    1. For long term only, when the price keep going down, I will open more buy positions because I believe the price will go up again.
    2. The price is outside the butterfly wing.

    Attachment 2695

    - - - Updated - - -

    EU: Sell at 1.3408 TP 1.3375 position has been closed by TP. I got 33 pips profit

    Attachment 2700

    Still waiting whether the price break the 1.3422 line or not. I will place sell limit at 1.3420 TP 1.3390.

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  10. #10
    Rookie Azis Muslim's Avatar
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    Quote Originally Posted by HAMEDFX View Post
    there is absolutely no system that is as simple as the Forex price action trading strategy because you do not need to use any indicator because you only need to understand the meanings of the candles and once that is done you are good to go anytime because the candles will always form either you like it or not.
    You're right, price action strategy don't need any indicator, same like mine. Traders who use such strategies only depend on technical analysis using some trading tools like trend lines, horizontal lines, fibonacci retracement, fibonacci expansion, support resistance breaktrough, and more. By combining those tools, they can analyze the market and make a good result.

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