Well Start to Talk Shortly About Forex and Then I Well Inter the Subject Directly , Any

well start to talk shortly about forex and then i well inter the subject directly , any comment are welcome:
I am from people who try to find the equation or magic indicator or EA, which does not lose.
On the End the secret is in front of your eyes in the chart (many people say that before but i didn't understand it ) .
It is like you inter very dark Room and you dont see any thing And Blunderingly everything , and you dont see the candle under your hand to Ignite it.
Suddenly, from how much your eyes been on the dark you start to see step by stepantill you start see like there are no dark ( this is the experience )and you stat to see the people when they just inter the room and they dont see anything ( like you before when you inter )and heBlunderingly in the table ( what is very clear for you ) but he dont see it and when you tray to tell him how to walk he dont trust you coz he think every one not see just like him .
on the end it is not so hard to profit from the market just keep tray and you well reach and I really hope this theard well help you to do .
so lets start :
What is the most important basics in Forex?
as agreed by all , Beginner or expert , it Is thesupport and resistance .
I think you all know what support and resistance mean , but who is working with it and how ?
All differed in how to identify support and resistance:
Some said the best ( horizontal line) And anthers says ( the trend line)And invented the Trendand we start hear Random Quotes and a lot of them like Trend is your friend and Stay with the trend and so on.
But how to Draw a trend ??

people very much enjoy How to Draw a trend And each one defends his style That he is right and the rest is wrongand tray to findThe answer from the chart to support his style to Draw a trend
some of them draw it in 2 top or 2 bottom and say that is Enough and athers say no it need 3 top and 3 bottom .
some of them say we must to draw it on the high or low of the candle and any breakthrough to the trend antill with one pip we must to re draw it
also some of them draw it in the close of the candle not the high or the low of the candle
( I am with no any one of them )
and the big problem is when the deal is win great the trend is True and when it is loss he well say the trend is wrong and you dont draw it correctly and you can see all that after the price move
Famous saying (What's easier to be an analyst after the event)
How we draw a trend in the right way is not available to all
And because that people tended to like Trend indicators and from here start people to create a lot of strategies, and when all come with fake breakout they start to add many indicator to help like
moving average and RSI and other assistance.
that all good and not wrong the most important is it well work in Volatility or in trend and for how many time ??
If you well look for the origin of all these issues you well find thatsupport and resistors, or in other words, bottoms and tops are everything.
GAAN Who people entranced and puzzled by his gestures Magic Spiral and he just tries predict the next top or the bottom of the from the previous.
Elliott and his theories and style of the count, who fell many to count it, What is not the same thing, were running to the wave behind the wave is a top or bottom.
And other like fib and fib extenuation and ratios to find the gold the next top or bottom .
And harmonic forms have emerged to expect the same thing .
Remains one idea, but each one according to his character
o the most important here and please stop looking for the magic indicator or EA if anyone have it well never sell it , the magic time is gone now time is for work and if you really want to work and make profit from this market you are in the right place we all want to do that here.

here are something in every Meta Trader station name :

Linear Regression Channel

and this responsible for drawing up a channel on a certain number of candles
if you dont see it in ur toolbar do the next :
press right Mouse button on the trend line drawing tool And choose from the listCustomize and And choose from on the left list Linear Regression Channel thenInsert then OK .
now you must have it in your tool bar .

so what this tool do exactly ?
it well draw automatic channel in the candles you choose .
Means simply replaced with some thing like the trend On an average of candles that You are choosing a certain period .
Well , how this well help us ?
firstly you are not draw the trend manually so there is no place for error , or no one well come after to tell you that you draw the trend wrong in 2 top or the trend is not come with the candles Tails correctly .
Secondly it well not just do a trend no it well make also a channel , it is like trend from above and from below , so it well give us a chance to trade in side the channel or trade to break the channel either from above or from under .
ok great lets us it :
we well use it in one hour time frame for now and EUR/USD chart then when you understand it you can go with any pair and any time frame .
lets see what happend today for EUR/USD so we must go to the day before we want to test it , and make insert then double click on the tool then press right mouse and choose Properties We choose, the following :
Draw as Background
then from Parameters we choose Ray then Visualization and choose just 1H .

lets continue what we start :
We know now the toolLinear Regression Channel and we know how to draw it exactly .
We also draw itto the day before we want to test it, Today we well draw it also before 2 day of the day we want to test it we well draw it same as first one just we well change the color to be clear for us
Lets see what happened today for EUR/USD 1H chart :

ok as you see in the picture , the price break our 2day and 1 day channel for up so we inter long with it and like trend the price must to recheck the break .
that all great but now we can say that we are sure just 30% or 40% what we well do to be more sure like 90% with the trade also what is our take profit and stop loss ????

We draw he channel for the 2 previous complete day and also for 1 previous complete day, and we well trade inside channel and also the break .
the tool is same But different in shape depending on candles, which contain ,and from this cameDifferencesof Use .
like what happened today as you see in the picture up, before the day start we have the channel for yesterday and 2day before today and that mean we dont have any wrong in drawing it and the map for the new day before it start .
imagine that there are no candle today and we see 2 channel in up sideNarrow and broad and both is looking up also the price start very close to the up of the Narrow channel , so it give us the map for new day.

Lets see what happened today , break then recheck them move to target , see the picture .

ok lets do one more step , how i well find my target and to be more sure from my trade , I well just use same tool exactly same as I mad with one hour frame but now for 4H frame not to trade it just to be more sure in 1H chart we are sure 30-40% now when we add 4H chart we are sure 60-70% there are more step to be more sure 90-99%
lets see the 4H chart what give me :

ok, lets review what we did untill now :
we draw 2 channel in 1H chart for 2 period separator ( it well give us 2day of trend )
it give us 30-40% sure trade
we draw 2 channel in 4H for 2period separator ( it well give us 2 week of trend )
it give us plus 20-30% sure trade
now we have 40% + 30% = 70%
now we well add some more step it is daily Range indicator and it well give us 10% sure trade .
EX: today I inter sell in 1H chart as you see in my last post today and i take profit in 4H chart central trend , then i inter buy coz of daily Range so we can go with the market up and down and it is very rare for any trader to do it .
see this picture why i inter buy and the indicator is attached .

the last step is to have a littleknowledge of candle to see the Reflections and it well give 10% sure trade so we are very close from 100% .
last thing is to make some experience with this easy method .

f today is not the end of the week and the market well close sure i well inter sell coz of : see the 1H and 4H chart please .

1H chart

4H chart

Originally Posted byjamesfr

Nice MJ Thanks
some questions from me to be clear;
Once the template is applied do we
1. Look at the 1hr chart for a breakout and then
2. Switch to the 4Hr chart for TP levels
we well always look for both 4H chart and 1H chart , we well inter in 1H chart, 4H chart are giving us the big trend, so if we see big trend is up and in 1H chart break up what we are waiting for ??? or if the price in 4H chart is going up and in 1H chart is down in the channel, and give us some candle Reflections also we well enter buy

Do we wait on 1 bar closing up on the break of the channel?

we well wait candle to close on the break

Example:

many people today loss a lot of money , but we make profit breakout then profit see the 1H chart and 4H chart:

1H chart


4H chart

perfect , just please when 1day channel is small wait for breakout , and if u dont want wait of course you must find candle to show rejection in same channel and the price place in big channel is support ur move

Originally Posted byissam
Hi Majjed..
we sell or buy when there is a real break of one of the channel edges upper edge or lower edge only. am I right ?
what about the middle line of the channel. is there any importance for it on TF H1 .on other words, if we can use it as upper or lower edges if there is break for it
I tried your system yesterday and I got 35 pips
Thank you bro...

Yes we trade the break on 1H with keep looking for 4H coz 1H well build 4H , if you want to trade 4H break you must look also for 1Day coz 4H well build 1D and so on .
the middle line is very important , it is very attractive for the price but we cant consider it like break .

AverageDayle Range

what is Dayle Range :
it is how much pips the pair move every day from high to low or from low to high in average , and we have indicator already in our template to calculate it .
how to trade it :
any time the pair well reach Dayle range indicator line from up we well enter sell .(expect Friday)
any time the pair well reach Dayle range indicator line from down we well enter buy.(expect Friday)
EX : yesterday the EUR/USD pair move up and it reach the Dayle range indicator line so I immediately enter sell with no care for the channel I just look to the channel to see my target .( lets see what append )

Another example:

1 Hour - Entry

4 Hour - Target

SL is alwayes ur enter piont in this method , I never get any SL using this method ( if I enter correct )