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Thread: Lets Make 20pips - Simple System

  1. #1
    HOLA!

    Using a simple, non-complied approach for 20 pips on each trade.

    RISK - 20PIPS / REWARD 20PIPS

    THE REJECTION TRADE

    1. IF THE CLOSE PRICE OF A BEARISH BODY BAR IS REJECTED TWICE BUY
    2. IF THE CLOSE PRICE OF A BULLISH BODY BAR IS REJECTED TWICE SELL
    3. ENTER AS CLOSE AS POSSIBLE TO THE REJECTED CLOSE PRICE
    4. BREAKEVEN TRADE ONCE UP 13PIPS
    5. 4-HOUR CHARTS ONLY! (GOOD ALSO ON DAILY BUT RISK HIGHER 30-45PIPS)
    6. IF WICKS OF REJECTION BARS ARE MORE THAN 12PIPS FROM THE CLOSE PRICE DOUBLE THE STOP THE LIMIT.

    HIGHER PROBABILITY
    THE WIN PROBABILITY IS HIGHER WHENEVER THE REJECTION BARS CLOSE IN FAVOR OF THE POTENTIAL SETUP.
    FOR EXAMPLE, IF A BEARISH BAR'S CLOSE PRICE IS REJECTED TWICE, AND THE REJECTION BARS BOTH CLOSE WITH A BULLISH BODY, THEN THE Probability of A STRONG SUCCESSFUL TRADE INCREASES. THIS ALSO MEANS THE REWARD IS Very Likely TO INCREASE (MORE THAN 20 PIPS).


    THE CONTINUATION TRADE

    A continuation setup occurs when rejection fails OR the rejection amount is soon converted into a continuation level. Basically, more or one bars one, rejects a close price, then a close is beyond the price of this REJECTED BAR. This suggests a continuation in the trend of this BAR WITH CLOSE BEING TESTED. See attached example.

    1. IF THE CLOSE PRICE OF A BEARISH BODY BAR IS REJECTED, AND SUBSEQUENTLY PRICE CLOSES BELOW THE CLOSE PRICE OF THE BAR SELL
    2. IF THE CLOSE PRICE OF A BULLISH BODY BAR IS REJECTED, AND SUBSEQUENTLY PRICE CLOSES over the CLOSE PRICE OF THE BAR BUY
    3. STOP SHOULD BE 6 PIPS ABOVE/BELOW THE BAR WHICH CLOSED BEYOND THE CLOSE PRICE OF THE BAR BEING TESTED
    3. LIMIT SHOULD BE 2 TIMES THE RANGE (HIGH-LOW) OF THE BAR WHICH CLOSED BEYOND THE CLOSE PRICE OF THE BAR BEING TESTED



    SIGNIFICANCE OF FRACTALS
    When a setup happens on a pub in the fractal arrangement it tells me its a potential swing trade. Therefore these setups are more powerful.

    IMPORTANT: TIMING IS KEY! TWO TRADERS CAN TAKE GET DIFFERENT RESULTS DUE TO TIMING AND THE SAME TRADE OF ENTRY. WE WANT TO ENTER THE TRADE ON THE VERY FIRST RETURN TO THE REJECTED AREA.

    THAT'S IT!

    Let us exchange it!

  2. #2
    Short GBPJPY H1. BULLISH CLOSE PRICE REJECTED TWICE. STOP AT -30PIPS. TP moved to 80pips

  3. #3

  4. #4

  5. #5
    Are you currently using fractals to determine support and resistance zone?

  6. #6
    Quote Originally Posted by ;
    Are you currently using fractals to determine support and resistance zone?
    Sorry had to run out for work. The only importance of this Fractals for me personally, is that when a setup occurs on a bar in the fractal structure it tells me its a possible swing trade. These setups are stronger.

  7. #7
    I dont know what oolah said.

    Please anyone help.

    Thanks,

  8. #8
    Quote Originally Posted by ;
    I dont even understand what oolah said. Please anybody help. Thanks,
    Hi antonsatu,

    I edited my previous response for clarity.

  9. #9
    Please Describe in detail the meaning of BODY BAR IS REJECTED.

    Thanks!

  10. #10
    Quote Originally Posted by ;
    Please Describe in detail the meaning of BODY BAR IS REJECTED. Thanks!
    Hi kilion,

    We are watching price response in the CLOSE PRICE OF the pub....

    A pub with that closes with a bullish body, closes higher than the open price. If we view price action after that near, revealing a close below that bar's close price after which a spike up to or close to the bar's close price, that fails to close over that near price, we presume weakness at the near price and go short.

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