Sistem Trading Forex Sederhana || Simple Forex Trading System
|| PREVIEW || Good night friends. Hope we get useful things so we can raise our trading quality Hope we all will be better and get profit consistently Not just days or weeks, but for a long time and fulfill family's needs We'll discuss much about trading system tonight We'll discuss technical too. There are some main topics For the ones who just joined, please pay attention Remember, always keep trying, exploring, and dig the potential Related to trading system it's a part we can't ignore, since it's the spirit of our trading business What should we prepare and master before we order? First, always use the right time frame If we do short-term trading we must know the right time frame If we do long-term trading, we must know the right time frame It's very important in taking decision Will the potential to go down or up? Surely we must read the history We use the history as the reference Next, how to determine the right time frame that fits our trading character Back to trading style, which type are we? If we don't want long-term, we must race with time If you like short-term trading or day trading we can use M15, it's just for comparison Generally, we use H1. And we can also compare it by using D1
And maybe we can also take a peek in H4 The main time frame is H1 We can compare it in order to know the fluctuation, volatility we can use lower time frame In order to know the stronger move, we can use D1 How to use it? We must describe it in the chart What matters is we must be able to read in time frame which must suit our trading style and character We can use M15 first to know the move potential earlier because we can see each move in details by using small time frame H1 is the middle, neither too fast nor slow If it's stabile, we can focus in H1 If we want to know the details, we can compare it with M15 If the market is doubting, we can use higher time frame Read it so we have more references First is determine the right time frame, don't forget it Second is read the trend What's trend? Is it a high one, or fall down? Generally, trend is where it's dominating Trend means the structure is aiming on one direction up, down, or even sideways So, there's always 2 extreme movements Flat is called sideways If it's going up, it's called up trend If down, it's called down trend We can know it by just using visual If up trend, then the candle structure is aiming up If down, then the candle structure is aiming down The easy way if we look at the candle structure if it's an up trend, the candle would be like this Watch the valley What do we get from this movement? It goes up, then down, so this peak becomes a resistance Then it goes down, then bounce up, so it becomes a support The market stops and goes back up. It's the support Watch when it goes up. If it's an up trend, it'll breach the resistance The market goes up, then it goes down when it's at the edge It's stopped there and goes back down When it goes down, the top edge becomes a resistance When it goes down, it stopped at the bottom edge, then back up So, that angle area becomes a support, the lowest down Watch. When it goes up and breach the resistance the resistance that's breached by buyer becomes a support now It's called breakout It's breached, so it becomes a support Where's the resistance now? When it goes up and stopped then it goes down again. It can be strong down or correction
What matters is it's at the peak, then down and formed an angle So, this is the resistance Watch. When it goes down, can it breach the support? The support is the resistance that got breached before Breakout means breaching strongly with a thick volume If it can't breakout and goes back up, breached the resistance again then this resistance becomes a support We use the top and bottom edge, or peak and valley There are valleys below, then there are peaks above The peaks are going up, the valleys are getting higher too So, it's an up trend The same goes for down trend Up, then down, up, down again, and so on There are peaks and valleys. There's high and low High-lows, then low-lows The valleys and peaks are getting lower. So, it's a down trend Visually, it's going down, so it's a down trend One more, it's called sideways. It goes like this
When it's sideways, although there's breakout, but it's small then it goes back again, goes ups and downs again It means it's around this flat area or rectangle It has no trend. The peak and valley are flat. It's called consolidation or sideways Sideways is very dangerous if we order there except if you have long experience and using it the right way If we play a bit longer, this condition is dangerous I even recommend you to just wait and see Wait until there's domination, then we follow that trend We must keep paying attention to the trend We can determine the trend by looking at the candle structure We can also use visual The way to determine the trend First, we can watch it visually Second, we can watch the candle structure We can see it by looking at the formed candles structure How many candles? Look at the closest ones from the running How many candles? That's what the beginners usually asked Once again, use H1 for the standard, then look at the move in a flash Watch the left from the running, we'll be able to see the trend I'll show you the visual of the trend Let's zoom out. We can see that the trend is going down Which one do we use? Sometimes people are in doubt It's a down trend, but the color is green Where do we use the candles to determine the trend? It's back to our trading style, is it short-term trading? If yes, we don't need to see too far We only need to look at the closest ones to the running price Watch the left and the direction We can see the visual at the left side If it's like this, it goes down, up again, then down again It's called sideways, no trend there No trend. It goes up, back down again, and so on It goes up, then rejected by seller, and get near the bottom When it's down, it goes up and vice versa It's called sideways. No trend there When it goes up and we buy, it goes down and otherwise If we don't find a requirement of our trading system, we better wait If we order in a forced condition, we'll be in a long minus floating If it goes down, we'll be able to see the structure When it's going up, we'll be able to see the greens too The problem is, we can't just order based on the structure There are other parameters that affects the ups and downs Let's go to the next topic, which is key level Before we go to key level, let's learn about determining trend first We can use visual and look at the candle structure Third, we can use trendline We can draw it from the bottom Other than trendline, we can use trend channel Trendline only has a line, while channel has 2 lines Let's see how to determine the trendline This is an example. The condition is still uncertain
But, nothing wrong in trying Since it's sideways, there's no trend yet If there's no trend, watch the top edge and bottom edge No trend, only consolidation or sideways Same ups and downs or almost the same is consolidation While it's around this square, it'll go ups and downs until there's a breakout, breaching one of the sides If down, it must be red breakout and thick and the candle must change, not still running If it's flat, then we make a flat line too Use draw rectangle in the toolbar Each platform has it. There's draw rectangle above here If it doesn't appear, click view, then toolbar, then activate them all If we want to draw a trendline, click draw trendline There's diagonal line at the left, it's the draw trendline It's for knowing where the trend is going. This is a trend In order to determine trendline, there must be a trend This, for example. The trend goes down We draw from the top edge. Watch this Draw from one edge to the other one Or, we can determine the closest one, like this Why? Because basically, this is consolidation It goes ups and downs, consolidation Trend means the candle direction is clear This is an example of down trendline Draw from the upper body, then touch many upper bodies there So, many body edges that are touched The purpose is to know the trendline Once again, if it's a down trend, take the upper edge No need to touch them all, just many of them So, don't be confused which one to be touched What matters is the line touches many candles When there's sudden bullish candle, or green candle appears strong breakout and forms a thick and full candle It's a clue that buyer has a great power It breakouts from the trendline So, if it's like this, at least there's clue that the market will turn from down to up, because there's a breakout here There's breakout, so there's clue to go up in the next candles not at that time So, if we use the breakout to order we can order buy after the breakout Since it's an up breakout, we can order buy there Small correction is not a problem, then it goes up pretty long It's thousands of pips. Hundreds are enough profit for us The trend changes, from down to up We'll try to read the chances by drawing the trendline If it goes up, draw from the bottom. Do it like this
Or, we can place it here, there are many representations here This represents the up trend It's okay to draw from down here What matters is the top and bottom of the bodies. This is trendline Trend channel is when we draw lines on both sides No need to be in line, adjust it to the market condition It doesn't have to be straight Follow the dominating market. Draw the lines that touch the bodies The point of trendline or channel is to know where the trend is going If we draw a channel on a down trend, it's like this We can draw channel lines like this, or like this I tend to start from here since this touches lots of bodies The function to know the next moves in more details After we draw a trendline, let's see After the market goes up, the line is starting to be breached by red If we're not convinced with 1 red, we can wait for 1 more long red After the breakout, the trend changes from up to down After a thick breakout, we can order and follow the breakout So, we can order sell It's easy to read history, so keep exploring on the next candle Practice these basics, because sometimes history and running market are different At least there's similarities We'll develop and modify with various parameters That makes us become more careful We can't just rely on trendline or trend channel We must understand many parameters Our budget won't run out if we follow the steps we mentioned Why? Because the market always moves in structured way If it's going down, it'll move slowly and there's always clue If it's going to go down strong, there'll be red clue It'll be confirmed and reds are starting to appear It's the same even if it's going up, from red, then greens appearing then the structure is starting to crawl. It's always like that
So, we can anticipate midway when the market starts to change There's another parameters we can use to read how far it'll go For the last few days, we give help by giving overview in the morning and almost all of them are touched 2 days ago, we said that the market will reach this numbers And it goes up and nearing that numbers This morning, we said that there's potential that it'll go down to there It goes down and nearing it. I said that it'll go to 152 area And it goes down and nearing the 152xx Same as yesterday. We predicted the yesterday too, it's breached After it's breached, it went back down again At least we can read how far the ups and downs If we know it, it'd be easier to find chances it'd be easier to face a condition that's turning What are the things we must master? For now, those are time frame, read trend by visual Then, we can look at the candle structure If greens are appearing, it means the structure is going up If reds and greens, it means sideways If red, then green, then reds appear, it'll go down Then, there's trendline and trend channel In determining trading system that we can apply we can use the right time frame, read the trend Now, the third, it's knowing the key levels To be continued....