TRADING MADE SIMPLE
AN USER GUIDE
You have received your daily signals sheet. How do you use it ?
If you already have your own trading system, you will not need these basic tips to follow. Otherwise, we can show you how we do it ourselves for our trades.
It's very simple.
1. It is 8:00 in the morning. I open my station, namely that of FXCM, my favorite broker (It's true and that recommendation is completely free). I open the EURUSD and UT5, or I find a screen that looks like this, with yesterday's signals. We see little support or resistance, because we are in a micro area in which they are few identifiable (you see we do not cheat!). Usually the prices are much better supported than this.
I also open the Gold UT5, which appear as horizontal lines of support and resistance that I had placed yesterday.
We have good signals, and some others not so well. The method does not allow to detect ALL market movements, that would be too good...
2. Yesterday I received a document similar to this.
Let’s take a closer look. Below the asset's name and date studied, we see the following elements:
- Specific times of potential signals (1)
- Bar lengths of different colors (2)
I will use the signal bars (2) to place marks on my station. Light bars are "medium" probability signals, the darker bars are "high" probability signals. I will represent them on my screen with vertical lines of varying thickness, thin for medium probability (A) and thicker (B) for high probability (you can put different colors, I personally prefer this approach).
Firstly, the length of the bars represents the amount of movement as shown by the statistics in this particular signal. In order not to load my graphic, I do not put them there and I look at my sheet at the appropriate moment. You can easily imagine something else. Feel free to send us your suggestions.
Secondly, I will place new support and resistance lines as horizontal lines of a different color (C). They look like what we have seen on the graph of the gold market. Today and in this particular area, I have no new line to place.
These lines are complemented by "planetary" support and resistance lines, that means it’s calculated based on the motion of the planets to which we associate this particular asset. Don’t believe it? No problem, it's not the main point of our approach. It’s still worth taking a look at the chart however. You will see that they are not wrong. The advantage is that it is a different approach and it offers new evidences.
Finally, what about the grey zone? In fact, it plays a slightly different role and will especially interest those who trade in higher UTs.
Its determination method is also based on a completely different, purely mathematical and rhythmic approach. Personally, I make it appear in UT60, with the same logic as above.
You see? It's not very complicated. Now you have new benchmarks. Remember that these are probabilities and not certainties.
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