At this stage, the principle of my trading system. Super invincible relies on Bollinger Bands and Keltner Channel.

Little tricks


95% of time those currencies goes on same direction and predict each other.
About 70% of time London and NY sessions change trend direction – be careful.
Exit and enter points not only indicators set up matter but also time matter.
For Intraday trading we recommend brick size 10 (default).
For Positional trading change brick size to 30 (in your EA inputs).
If you trade EUR/USD or GBP/USD always keep open 2 charts.(EUR/USD, GBP/USD)
Trade the pair on which you see more clear picture.

Why 90% of all systems are profitable but 90% of traders are losing money or Common trader’s mistakes.
Not trusting your system or indicator(s).
Entering a trade too late or too early.
Taking two thirds of a trade instead of the whole lot.
Exiting a trade too soon.
Ignoring your self-established rules or the rules of the strategy.
Changing rules during trading.
Lacking patience.
Taking trades between sessions.
Overtrading.
Traders are not looking at the market as is, but through the lenses of their own expectations.
Risk Level.
Traders do not follow their own rules like StopLoss, TakeProfit and get out from winning position too early.
You must know your strategy before you start trading. If market turns against you get out of trade when stoploss conditions have been met.

Always follow your trading plan. Not following the trading plan is the number one mistake traders make.

You must know exactly what you are going to do from start to finish BEFORE you enter a trade, and stick with it. Don’t second guess yourself in the middle of a trade. If you can’t overcome this hurdle you won’t be around as a trader for long.

Never hesitate to enter a trade when you have set up conditions.
Be careful with reversals; do not get in too early.
Patience is the key.

Many people starting out in trading have difficulty with the principles of Money and Risk Management.
In this aspect of trading you have to calculate everything for you and adjust the size of your trades based on the balance of your account whilst respecting your tolerance for risk.

Let us also assume that you are prepared to risk 5% of your account on each trade.
$1,000 x 5% = $50 risk capital.

Volume in Forex – True or False?
Since buy and sell transactions are not cleared by a central system, there is no way of knowing the total volume of a trade. Lack of volume data can pose a challenge to stocks or futures traders who have made the switch to currencies as they may have become used to checking volume.

About Renko charts
Renko charts are based on PRICE, not on TIME. Renko charts update dynamically tick by tick. Renko charting is considered to be best in predicting the change in the market sentiment that precedes a new trend.

Trend reversals are signaled by the emergence of a different color candle. An easy system to follow is to trade in the direction of the trend, and exit when it reverses. Support and resistance levels are easily seen on Renko charts.

Renko charts smooth out market noise, clearly show the trend, and detect reversals.

Renko charts are very effective for traders to identify key support and resistance levels. Buy/sell signals are generated when the direction of the trend & color of the candles changes.

Actual volume values are displayed for each Renko candle.

What Renko charts can show even without any indicators (summary):

Trends
Reversals
Support and resistance levels
Buy/sell/exit signals
Actual volume

About Repaint and non-repaint
Many people have had questions about repaint and non-repaint indicators of the system. I can say that do not worry about this type of indicators. The important thing is how to read the indicator itself. If you find non-repaint indicator, you will get it as flat or lagging or late.

Vise versa. Because indicator is based on prices,moved by prices. There is no perfect system/indicator provide the real signal. The real signal is price itself. That’s why I combined 3 indicators to collaborate them and providing the best probability of profitable signals.

Everyone is trader for himself… I found myself as complicated trader .

So you must found out what trader you are.
In my case my system do 75% of a trade, other is technical analyses (candle pattern-chart pattern- elliot wave of TF H4 and D1), experience and the last but not least important – feeling. Sense of security in your trade! You have to be 100% confident in that what you are doing. This is the only way that leads to succses! Whatever system you use to trade.

No more guesswork in trading. Money Machine does not exist. There is no one single super smart Forex trading tool which gives you profit, profit and more profit.

The only possible solution is to use a combination of different tools –System identifies the favorable market forces to get a maximum number of high probability trades over a period of time.

The Trend is Your Friend


“The trend is your friend” is one of the best known sayings, although it’s message is incomplete. The full version should be, “The trend is your friend, until the end when it bends.” The trick with buying stock is to to be patient through the small changes in price until you can identify the point when the trend makes a change in direction or “bends.”

In this article, we’ll define how to identify a trend and what has to happen for a trend to change. Before we get started, please note that the trend-following methodology should only be applied to stocks with strong fundamental metrics—like strong and improving revenues (sales) and earnings.

What’s a downtrend?
A downtrend is a series of lower highs. At each of those points, sellers are deciding that they have had enough and it is time to get out of the stock. When these sellers perhaps urgently accept lower prices to dispose of their stock, the number (supply) of stocks pressures price lower and helps the trend to continue lower. By a lower high I mean that each new attempt the stock makes to rally and increase in price turns lower before the price gets as high as the previous high. This is seen in the following chart where the price line spikes upward, but not as high as the prior spike, on the way down.

A Downtrend in Action
If an investor considered to buy this stock during the period shown in the chart, that investor would be buying the stock in a downtrend. There are many ways to lose money in the market, but I think that buying a stock in a down-trending has the highest probability. Of course the trader wants to be successful in making money. A smart trader will use trend following as his friend. He will wait until the trend changes direction with a new higher high price on the chart. This is the sign of a change from downward to upward trend.

What’s an uptrend?
An uptrend can be defined as a chart with consistently higher lows. At each higher low, traders are deciding that the pullback in price is a good time to purchase more of the stock. The buying pressure of more and more investors deciding to buy the stock adds more demand and so a higher stock price. This can be shown on the stock chart as the stock continues to move in an uptrend.

A Change in Trend in Action
As a stock is mired in a downtrend, traders can look back and identify the most recent interim high price where the sellers turned price lower. At this point, I recommend that one consider buying the stock if and only if it goes up above that most recent high price. The current price rising above the most recent high price is what signifies that the trend in price may have changed from down to up.

Key Points
Trend—a stock’s overall direction—is the second most important technical tool next to Volume.
It’s when a trend changes that traders should consider potentially entering or exiting a trade.
To identify a potential change in trend, look to the stock’s Volume and Price Direction —the most important technical tool in my opinion.

Forex Trading Tricks: How to Find The Best, Simple, and High Probability Trades

How to Find The Best, Simple, and High Probability Trades – Trading does not (and should not) be that complicated. the simpler the strategy, the easier it is to understand the underlying concepts.
Many people say that they want to keep it simple, what they end up doing is, they just strip away all the indicators from their charts and then believe that this is all there is to KISS (Keep it simple stupid).

BIG WRONG…!!!

Keeping it simple has nothing to do with how you look at the charts. But it has all to do with your overall approach to the markets and your routine.

So here are The Best Tricks to Find The Best, Simple, and High Probability Trades:

1. Flexible Time Frame Trading

Forex markets undergo changes all the time. This is why it’s so important to be flexible with your trading.

Many amateur traders are too fixed on one timeframe. They ask “Should I trade the daily, the 4H or the 1H timeframe“…?

The best answer is always: ALL!

Traders must have a clear process and routine for finding the best timeframe to trade every week.



2. Trade with Momentum

Momentum basically means how strong price moves and, obviously, the stronger a move, the more likely it is that it will continue.

So make sure that you are always going WITH momentum and do not fight it.

Once you are in a trade, observe momentum and ask:

Is momentum increasing or decreasing?
Do we see reversing momentum? (Which means momentum against my trade)
Below is the example of TREND & MOMENTUM trading system

3. Trade the beautiful charts

Beginner traders make the mistake of always wanting to trade, all the time.

Many traders don’t fully understand their system and they don’t know when their system works best.

This can be a great revelation IF the trader can then take the next step of becoming aware of market conditions.

The best market condition is when you able to read the chart easily.

This is ” The BEAUTIFUL CHART“.