New Strategy

Here is a new strategy which is quite similar to Ashi Strategy.

In case if you need the template please fill in the contact form. And yes it is free.

I have used Envelope (14), ADX  & Volume indicators.
Take trades if the price closes outside the envelope and there is enough volume to push your trade.

I won't guarantee you won't lose any trades. But you can win fair enough trades. I usually keep 30 pips TP (just my choice). Please USE STOP LOSS. My SL will be the high / low or the candle which has closed outside the envelope.

Good luck.

How I trade the EUR/JPY

A friend of mine asked me how I trade the EUR/JPY.

Well here is how I trade this pair.

I would be happy if anybody and create an EA based on this and share it for Free (^_^).

1. In EUR/JPY pair I will select a plain chart on H1 time frame. I will mark high & low of Asian session before the London open.

2. I will draw a rectangle (and remove other lines drawn previously) to make things look a bit less messy.

3. I will change to M15 chart, I have an indicator called rooicol grid to draw line at every 10 pips distance (Google it you will get it for free or send an email to me via contact form I will send it to you) - I know it is easy to draw lines but this indicator makes things a bit quicker!!!

4. I will place buy stop orders (3 orders at 10 pips apart) above the high starting from the nearest round number. I will also use an indicator called Hull Moving Average 2.0 to know the trend (always trade with the trend) - Google it you will get it for free or contact me I will email it for you.

5. The stop loss will be 30 pips / lower level of the rectangle. 

6. Take profit will be 30 pips from the first order (i.e., 30+20+10 = 60 pips)

Good Luck.

Trades for 02 January 2013

Today Market opened with Huge Gap in most of the pairs. So trade with caution. You can either make 686 pips in profit or lose 686 pips.


These trades are based on Strategy - 5.
Pending trades are set with expiry time at 04:00 pm GMT

02-Jan-13
Currency	Long	TP	SL	Short	TP	SL	Profit (Pip)
EUR/USD	1.3308	1.3365	1.3251	1.3241	1.3184	1.3298	57
EUR/JPY	116.08	116.92	115.24	115.14	114.30	115.98	84
GBP/USD	1.6390	1.6494	1.6286	1.6276	1.6172	1.6380	104
GBP/JPY	142.82	144.08	141.56	141.46	140.20	142.72	126
GBP/CHF	1.4891	1.4980	1.4802	1.4792	1.4703	1.4881	89
GBP/CAD	1.6168	1.6247	1.6089	1.6079	1.6000	1.6158	79
GBP/NZD	1.9562	1.9709	1.9415	1.9405	1.9258	1.9552	147

Update on 31 January trades:
I lost $ 24/- (Bad)

So my account balance is $ 150/-
According to the plan (I will stick to the plan) I have to start with Sl No. 08 i.e, 0.04 lot size and aim to make $ 8/-

Trades for 31 December 2012 (Part 2)

These trades are based on Strategy - 5.
Pending trades are set with expiry time at 04:00 pm GMT

Here is what I did, I have updated my previous entries (based on strategy 2) for EUR/USD & EUR/JPY, instead of having two trades on same currency pair.

Currency	Long	TP	SL	Short	TP	SL	Profit (Pip)
EUR/USD	1.3243	1.3302	1.3184	1.3174	1.3115	1.3233	59
EUR/JPY	113.91	114.58	113.24	113.14	112.47	113.81	67

Ashi Strategy - EUR/USD & USD/CHF

EUR/USD

We have a good setup at EUR/USD Sell at 1.3195

USD/CHF
Looks like a buy set up.

Trades for 28 December 2012 (Part 2)

These trades are based on Strategy - 5.
Pending trades are set with expiry time at 04:00 pm GMT

Currency	Long	TP	SL	Short	TP	SL	Profit (Pip)
GBP/USD	1.6136	1.6169	1.6103	1.6093	1.6060	1.6126	33
GBP/JPY	139.55	140.05	139.05	138.95	138.45	139.45	50
GBP/CHF	1.4723	1.4754	1.4692	1.4682	1.4651	1.4713	31
GBP/AUD	1.5550	1.5591	1.5509	1.5499	1.5458	1.5540	41
GBP/CAD	1.6045	1.6077	1.6013	1.6003	1.5971	1.6035	32
GBP/NZD	1.9671	1.9741	1.9601	1.9591	1.9521	1.9661	70

Plan for 26 December 2012

I have closed my trades with profit 5/- which adds to my previous balance of 159/-
So my total today is 164/-

So today I will trade as per Sl. No. 10 that is 0.04 lot, I look of profit of 8/-

Good luck everybody.

Sl. No.		Investment	Pips/ Trade	Lot size	Profit	Total
1	First	100	20	0.03	6	106
2		106	20	0.03	6	112
3		112	20	0.03	6	118
4		118	20	0.03	6	124
5		124	20	0.03	6	130
6		130	20	0.03	6	136
7		136	20	0.04	8	144
8		144	20	0.04	8	152
9		152	20	0.04	8	160
10		160	20	0.04	8	168
11		168	20	0.05	10	178
12		178	20	0.05	10	188
13		188	20	0.05	10	198
14		198	20	0.06	12	210
15		210	20	0.06	12	222