Good-day All,
Please not that this tread is not meant for traders not open to new Ideas or traders that think that they are better than every other person.The trading system is not a must for all trader.
DISTRACTIONS AND DISTRACTERS ARE NOT WANTED ON THIS TREAD.
Please Ensure you Comply with the Following Rules when you Visit This Tread!!!
1. If you have no Positive comment or contribution, please leave the tread without any comment on it.
2. Negative Criticisms are no longer Permitted on this tread.
3. If you feel you know better than everyone, please go ahead and start your own tread.
4. If you know you have an holy grail, Please leave the tread and start your holy grail tread.
5. Insultive words and statements are no longer permitted on this tread.If you are tempted to insult anyone, for you own good do not and leave the tread.
6. Arguments and quarrels are not permitted on this tread.Work with proofs and not arguments.
7. No commercials on the tread.
The Tread is meant to make the strategy better and it is meant for the open minded and those that are ready to think outside the box.The tread must make the zero netloss system better!
ALL PLEASE COMPLY
After Reading the Introduction to the strategy below,Please go to page 10 for the full details on Lesson 1-6.
THE STRATEGY
I want everyone to contribute to this tread and come up with more strategies, because I discovered that some of the theories we were taught in forex are close to not true in real market situation.
PLEASE NOTE THAT WISE MEN DON'T LOSS MONEY IN FOREX
Zero Net Loss Trading Strategy
Based on the Following Assumptions:
1.The market is actually 80% trending and 20% ranging on long and short term.(Oluwadare)
2.Every trade on a timeframe must be supported by the lower and higher timeframe to it.
3.Give great respect to support and resistance, and brakeouts.
4.Never use STOPLOSS on any trade.Rather,Use Pending orders in opposite direction of the trade.eg.Buy 1lot and Sellstop 2lots, viceversal.
5.Give respect to trend size and ranging market on any timeframe.
6.Every ranging market has a brakeout.
7.Follow your simple indicators.eg. Ema(3,10,20),Macd(3,10,16),Parabolic (0.1,0.1),Stoch(10,3,3),Grid indicator,Demark Trendline.
8.Risk 1% on every 20% of equity per trade.
9.Take profit per Trend size of the timeframe or use ratio 1:1,1:1.5 or exit with the use of indicators.
10.Don't forget that every trade has a probability 0.2 to be successful, and it is your duty to turn the remaining 0.8 to a successful trades(using the zero net loss strategy)
THE KEY REASONS WHY MANY LOSS MONEY ARE THE KEY REASONS WHY YOU MUST NOT LOSS MONEY AGAIN!!!!!!!!!
THE KEY REASONS ARE:
1. " TRADERS LOSS MONEY BECAUSE THEY ENTER INTO A RANGING MARKET OR OPPOSITE OF A REVERSAL TREND."(Oluwadare)
2. "A RANGING MARKET IN A PARTICULAR TIMEFRAME IS A SLEEPING MARKET OR NON-DIRECTIONAL MARKET ON THE HIGHER TIMEFRAME(AWAITING A BRAKEOUT), AND IT IS A TRENDING MARKET IN A LOWER TIMEFRAME TO IT."(Oluwadare). For example, A ranging market on Daily chart is a sleeping or non-directional movement on weekly chart which is awaiting brake-out, and on lower timeframe of 4hrs it is a trending market.
THE METHODOLOGY
1. When you enter a trade with say 1lot buy, set a sellstop 2lot at the support point before it(lets assume we have 100pips inbetween as our 1% risk). If the maket goes against you and it is a trend in opposite direction, you need over 200pips to be in profit, if it is a ranging market and the sell reverses,close your 1lot buy and open 2lot buy at the same price using pending orders to hedge it out(if it continues to range-you make money using subtrades on lower timeframe).
Note that by the time we are hedging out at buy 2lots and sell 2lots with 200pips in a loss,and we must have made profit on 4hrs chart twice with more than 100pips.We will make more money if the market is still ranging or if there is a brake-out to achieve our zero net loss or to make the trade profitable.
2. WHEN TRAPED IN A RANGING MARKET OR OPPOSITE TREND
A.When the price reverse against you or you fall into a ranging market. what to do is SIMPLE.
Go to the lower timeframe and trade the opposite direction using the same lot. If it is trending you make more money. If it is ranging, close the profitable trade and trade using the same lot to trade every opposite signal within the range.
Note: For example if you enter a buy 1lot on daily chart and you set pending order sellstop 2lots 100pips away, and the trade reverse against you, you go to 4hrs chart to trade the reversal signals.
B.For every reversal signal you trade on lower timeframe:
I.For example a sell(using the above example), you sell 1lot, and set pending order buystop 2lots 50 pips away(50% or original pip difference) which must be outside the range or higher than the price at which you bought on the original trade.viceversal.
II. IF IT IS A RANGING MAKET- As you make money from the subtrades on 4hrs,also go to Weekly chart and set a pending order of 1lot(same lot as initial trade) either for buy or sell for a brake out and set your stop order 2lots in opposite direction.
Note that the strategy above is applicable to any timeframe as far as you can rally on 3 timeframes.
MY DEAR IF YOU GO THIS WAY ON EACH WRONG TRADE, YOU WILL END WITH A NET PROFIT.
If you are visiting the tread for the first time, Please go to Page 10 to get full details of the strategy from lesson 1-6.
Successful Trading
Oluwadare
Please not that this tread is not meant for traders not open to new Ideas or traders that think that they are better than every other person.The trading system is not a must for all trader.
DISTRACTIONS AND DISTRACTERS ARE NOT WANTED ON THIS TREAD.
Please Ensure you Comply with the Following Rules when you Visit This Tread!!!
1. If you have no Positive comment or contribution, please leave the tread without any comment on it.
2. Negative Criticisms are no longer Permitted on this tread.
3. If you feel you know better than everyone, please go ahead and start your own tread.
4. If you know you have an holy grail, Please leave the tread and start your holy grail tread.
5. Insultive words and statements are no longer permitted on this tread.If you are tempted to insult anyone, for you own good do not and leave the tread.
6. Arguments and quarrels are not permitted on this tread.Work with proofs and not arguments.
7. No commercials on the tread.
The Tread is meant to make the strategy better and it is meant for the open minded and those that are ready to think outside the box.The tread must make the zero netloss system better!
ALL PLEASE COMPLY
After Reading the Introduction to the strategy below,Please go to page 10 for the full details on Lesson 1-6.
THE STRATEGY
I want everyone to contribute to this tread and come up with more strategies, because I discovered that some of the theories we were taught in forex are close to not true in real market situation.
PLEASE NOTE THAT WISE MEN DON'T LOSS MONEY IN FOREX
Zero Net Loss Trading Strategy
Based on the Following Assumptions:
1.The market is actually 80% trending and 20% ranging on long and short term.(Oluwadare)
2.Every trade on a timeframe must be supported by the lower and higher timeframe to it.
3.Give great respect to support and resistance, and brakeouts.
4.Never use STOPLOSS on any trade.Rather,Use Pending orders in opposite direction of the trade.eg.Buy 1lot and Sellstop 2lots, viceversal.
5.Give respect to trend size and ranging market on any timeframe.
6.Every ranging market has a brakeout.
7.Follow your simple indicators.eg. Ema(3,10,20),Macd(3,10,16),Parabolic (0.1,0.1),Stoch(10,3,3),Grid indicator,Demark Trendline.
8.Risk 1% on every 20% of equity per trade.
9.Take profit per Trend size of the timeframe or use ratio 1:1,1:1.5 or exit with the use of indicators.
10.Don't forget that every trade has a probability 0.2 to be successful, and it is your duty to turn the remaining 0.8 to a successful trades(using the zero net loss strategy)
THE KEY REASONS WHY MANY LOSS MONEY ARE THE KEY REASONS WHY YOU MUST NOT LOSS MONEY AGAIN!!!!!!!!!
THE KEY REASONS ARE:
1. " TRADERS LOSS MONEY BECAUSE THEY ENTER INTO A RANGING MARKET OR OPPOSITE OF A REVERSAL TREND."(Oluwadare)
2. "A RANGING MARKET IN A PARTICULAR TIMEFRAME IS A SLEEPING MARKET OR NON-DIRECTIONAL MARKET ON THE HIGHER TIMEFRAME(AWAITING A BRAKEOUT), AND IT IS A TRENDING MARKET IN A LOWER TIMEFRAME TO IT."(Oluwadare). For example, A ranging market on Daily chart is a sleeping or non-directional movement on weekly chart which is awaiting brake-out, and on lower timeframe of 4hrs it is a trending market.
THE METHODOLOGY
1. When you enter a trade with say 1lot buy, set a sellstop 2lot at the support point before it(lets assume we have 100pips inbetween as our 1% risk). If the maket goes against you and it is a trend in opposite direction, you need over 200pips to be in profit, if it is a ranging market and the sell reverses,close your 1lot buy and open 2lot buy at the same price using pending orders to hedge it out(if it continues to range-you make money using subtrades on lower timeframe).
Note that by the time we are hedging out at buy 2lots and sell 2lots with 200pips in a loss,and we must have made profit on 4hrs chart twice with more than 100pips.We will make more money if the market is still ranging or if there is a brake-out to achieve our zero net loss or to make the trade profitable.
2. WHEN TRAPED IN A RANGING MARKET OR OPPOSITE TREND
A.When the price reverse against you or you fall into a ranging market. what to do is SIMPLE.
Go to the lower timeframe and trade the opposite direction using the same lot. If it is trending you make more money. If it is ranging, close the profitable trade and trade using the same lot to trade every opposite signal within the range.
Note: For example if you enter a buy 1lot on daily chart and you set pending order sellstop 2lots 100pips away, and the trade reverse against you, you go to 4hrs chart to trade the reversal signals.
B.For every reversal signal you trade on lower timeframe:
I.For example a sell(using the above example), you sell 1lot, and set pending order buystop 2lots 50 pips away(50% or original pip difference) which must be outside the range or higher than the price at which you bought on the original trade.viceversal.
II. IF IT IS A RANGING MAKET- As you make money from the subtrades on 4hrs,also go to Weekly chart and set a pending order of 1lot(same lot as initial trade) either for buy or sell for a brake out and set your stop order 2lots in opposite direction.
Note that the strategy above is applicable to any timeframe as far as you can rally on 3 timeframes.
MY DEAR IF YOU GO THIS WAY ON EACH WRONG TRADE, YOU WILL END WITH A NET PROFIT.
If you are visiting the tread for the first time, Please go to Page 10 to get full details of the strategy from lesson 1-6.
Successful Trading
Oluwadare