Pivot Point bounce trading system

Pivot Point, Support, Resistant are important parts on Forex trading. Price is respect to these. I always load my Support and Resistant indicator on my chart. On this post, I want to show you how price bounce on Pivot Point line and we how we trade it. By its theory, when price break S&R line, it will continue to move up or down. But sometimes, we can use the bounce of the S&R line to open a trade.

On the chart above, see how price tested the Pivot line twice before it break the line and move down significantly. For a scalper with 10-20 pips profit target, we open a position on a pivot line bounce. Put the stop loss below the line when buy and above the line when sell.

Scalping using MACD Histogram and Hieken Ashi indicator

Scalping is a profitable trading system if we do it correctly. Here I want to share another scalping method using Hieken Ashi and MACD Histogram indicator. This system can be used on any time frames but M15 or higher is preferable. The idea is that when the Hieken Ashi gives buy or sell signal, it must be confirmed by the MACD Histogram flip over. 10-20 pips is a good target on M15 timeframe using this system. 

SHI Signal and TDI System worst case scenario

Adopted from Woody CCI system which believes that the FXSniper CCI will give both entry and exit signal, so the SHI Signal and TDI System also comes with that feature. SHI Signal and TDI System comes with built in entry and exit system. On this example I am going to show you the worst case when the exit signal ended with loss but we have another position which doubled the profit.

On the chart above, we go Long after blue dot and TDI cross over, but the price did not go up further. Only single green candle and then it going down quite far. OK for example on our Long position we've taken on the first signal it should get about 32 pips but, maybe you hold your position and wait until you see the red dot appear. And when the red dot appear, say it you close your Long position with minus (just for example).

SHI Signal and TDI Trading System

My own dream is to be able to create a super simple system in Forex Trading. I know it's a crazy dream but I think I am close to that dream. Introducing the simple system based on SHI Signal and TDI indicator. This system works on any time frame but I recommend you to use M15 for scalping since we can have more positions on this TF.

Rule:

• SHI Signal must present
• TDI Cross over

You can add a trendline breakout for more confirmation if you want. But those two conditions must exist. No matter which one gives signal first. Sometimes, SHI dots comes first but sometimes the TDI does.

Example:

 

How to trade without many indicators aka naked trading

Believe or not, Metatrader indicators are based on price. So theoretically indicators will change on price movements. It cannot predict the future price movements. Most newbie traders will look and search for a perfect indicators to trade with. But I am telling you, the most valuable indicators already built in your head. Its your brain.

Download A Simple Way to trade 2 Minute S&P PDF

If you like to trade S&P e-mini, you may want to download this profitable system that is very simple and good for anyone at any trading level. Its in PDF format which can be viewed or printed easily. This is a Simple Way to trade 2 minute S&P. It consist of a clear explanation how to trade the 2 minute time frame in S&P.

This system uses several indicators such as:

• MACD Histogram
• 89 period moving average

Risk Management adalah kunci sukses trading

Setelah mencoba mempelajari trading Forex dengan beragam metode dan system, saya sedikit banyak sudah mulai bisa menarik kesimpulan sementara. Sama seperti para professional trader yang sudah jauh lebih berpengalaman, kunci dari keberhasilan di dalam forex adalah sebuah Risk Management. Ya, manajemen resiko menurut saya adalah kunci dari trading. Kenapa saya bilang begitu? 

Forex merupakan sebuah sistem perdagangan atau investasi dengan tingkat volatilitas paling tinggi. Pergerakannya sangat cepat dan tentunya ini adalah sebuah pisau bermata dua. Bisa membuat kita cepat kaya sekaligus cepat bangkrut. Kadang, saat kita sudah profit, dalam beberapa menit profit tersebut bisa menjadi floating minus yang besar. Kalau minus itu kita biarkan berlama-lama, kita berharap harga akan kembali searah dengan kita maka bisa-bisa habis dana kita alias MC (Margin Call). Untuk itulah diperlukan sebuah manajemen resiko yang baik dan ketat. 

What is your favorite MT4 Indicator ?

Indicator actually formed to mirror the price so, the shape, form and the movement of indicator is based on the moving price. So, why should we believe the indicator if its only mirror the price? Well, on my own experience I mostly use some indicators. But, my trades are not taken based on the indicator only. It's about timing, its about feeling and intuition I guess.

For example, CCI and Bollinger Bands is two indicators that must be present on my charts. I use them to spot divergences, overbought and oversold zone but still the final decision is on myself. Even I saw a clear divergence I will not enter the trade if I don't feel to. It's a bit hard to explain.

Believe me, there is NO perfect indicators in this Forex world. So, if you see any indicator advertisement, any offers that promise  99 percent accurate, I can tell you that it's a BULL SHIT!! Forex is about money, risk and mental management. You only need to learn the basic. And then, improve your self by using demo (even I do not recommend you to use demo in long term). After that, there is no other way to be success in Forex except to get into the real trade, real money.

The more you loss, the more you learn. Do not ever give up. You are failed only when you are give up.

Double Top trading - How to spot it

Another high probability trade setup is double top or double bottom. When I spot these condition, I prepare my self to enter the trade as long as CCI indicator is supported. See the example below, a perfect double top on EURUSD 15 minute time frame.

The red line is the Pivot point indicator that plot the Support and Resistant zone. On the picture above, price break the resistant line but failed and on the second attempt, it was failed as well and create a double top formation. 

How to enter the trade?

The aggressive one will go short right away after the first red candle is finished.

And the conservative one will wait for a valid break out

Both aggressive or conservative have pros and cons. The aggressive style has fewer stop loss compared to the conservative one. But it has bigger chances to get stopped out more often. 

Welcome to my Forex Trading blog

I am currently starting to learn Forex trading. Many technique and system I tried and finally I found a nice and worked for me. Its Divergence trading. I will post my trading experiences on this blog. So if you are a forex trader or want to learn about forex, you came to the right place.