Woodie CCI Indicator
Download Woodie CCI script
8WX89A5D8XBX
LOVE OF THE HOLY GRAIL EPISODE
Actually there's the Holy Grail ga. Opinion of every trader must berbeda2. some say no and there is also saying that it is a mere fairy tale ...
For myself, I believe the holy grail if it exists. It's just my opinion, every trader's holy grail is not the same.
Every trader has his holy grail masing2.
Then how do we get the holy grail of us ....
I tried to compile kira2 absolute terms what must possess a highly profitable system ....
Okay, we start aja.
I likened this process as people falling in love.
So we call aja
"LOVE OF THE HOLY GRAIL EPISODE"
There are too many indicators or systems that have been made by traders around the world. Maybe you'll find more than 1000 existing indicators so far. All these indicators are basically made to be able to generate an optimal profit. But remember, even though all indi profitable, but not necessarily fit your trading style.
There are 5 important points which I feel is absolutely necessary to have an indicator / systems (which eventually lead to the holy grail itself)
1. Falling in love at first sight
Like I said before, the holy grail of search process is similar to the process of people falling in love. When you are confronted by a group of women in front of you, and you are required to choose, what is the reference point you first. I am sure you will say, physical. So also when You have the hundreds or even thousands of individual. You should do is see it physically. forget his name, latarbelakangnya, origin. Forget all that. Simply look at him. How, please attach it to the individual chart. Then see how it looks. Elimination of all individual who are visually looks too meticulous. Ensure your success in this process eliminates 50% of the total individual that you have.
2. "Girls" is simple kudu
Imagine you get a beautiful girl but dressed menor abis. fashionable ga, ga understood how grooming, etc.. Wow really deh ga. As with the forex. After points 1 successful then the next sayarat, individual must be as simple as possible. There is some indication that use multiple lines to determine trend direction / movement. BB for example. Avoid individual like this. If 1 line / bar / point has been able to explain everything, why we should repot2. Examples of this individual, among others, BT2 (line), signal bar (the bar), awesome (point). Lho apologize for traders who use the BB.
3. Assessment
Tahap1 and 2 we have successfully passed. we are now stepping into the exploratory phase. Usually at this stage, those who are in love will try to find information about her partner masing2 sebanyak2nya. Applications in the forex. we must know the characteristics of each individual. When individual is giving the signal buy / sell. Learn the system with sungguh2.
4. In relationship
This phase is the most important. You shall be 100% melakukannya.Tujuannya what? So you're not too far, regret in the future. Ga dating people that are always sweet. there must be a tamarind sauce - it. (nano nano times). Understand the "pair" your. There are times when he likes a sulk, pout, uring2an, etc.. I likened this by practicing on a demo account.
5. Just married
This phase of the most anticipated. Once you are confident with the "partner" you, you have been through many trials together, like the grief passed along, now time for you to "apply" it .....
siapin prince, guardian of wedlock n witnesses. Happy Very
you have found your soul mate. it was he who during this holy grail of your search. defend and hold "Plow household" you. do not let you fall asleep and then with an obsession with another. rest assured that he created for you.
I finally close this thread with the word
"HAPPY a new life"
atuh pretentious, if there are going to add / correct. welcome to the progress of joint
Losing to win
There is a great scene in the movie Havana, where Robert Redford who plays a jaded poker hustler in the waning days of the Bastista regime leans over to a friend, who wonders why he folded when he had the upper hand and says, "In poker sometimes you have to lose in order to win."
The scene is fascinating on so many levels, because it shows that often the best way to defeat your enemy is to lull him into complacency. But when it comes to trading, I would amend that statement to say, "In trading you always have to lose in order to win." The reason is that trading is a business of risk. No matter how much we want to avoid that idea it's the fundamental essence of what we do.
If you don't want to lose don't trade. Why? Because avoidance of losses will always lead to complete and total bankruptcy. Every major trading disaster, from Barrings to LTCM to Soc Gen, is nothing more than the story of someone who didn't want to lose and as result lost everything.
This week was a bit of a bumpy ride at BKT, but we righted the ship and came through with the winner in the end which we discuss in this week's video. But the lesson of the week should stay with everyone for lifetime, so I'll repeat it again if you don't want to lose, don't trade. It's as much a part of this business, as Novocaine is part of a dentistry.
Holy Book Trading
1. The market will give you money if you're disciplined.
With the discipline of your money will grow every day.
2. Swerved soon, if not ACCIDENTS.
If you are again wrong position immediately swerved right then. Opportunities are always there every day. Love your loss as soon as possible! The First Loss Loss is the best!
3. Foxes do not alter the system every day.
Many system / forex tools out there, choose one that best suits your character. But remember that no system of profit on! If you already have a winning system and today the system loss not change this again you again, I assure you this loss today, tomorrow certainly profit 3-fold.
4. Do not hope and pray.
I used to pray, prostrate to a black forehead, so that God helps me, so my expectations turned position. This prayer is useless and you will definitely LOSS!
5. The market is moving arbitrarily, he does not care about you, do not care about other people.
No matter you are rich or poor. No matter you are bad people or good people. Do beranalisa too deep, do not think too deep, just follow where the market would stay with him and 5 of these rules, then you will profit!
6. Just follow your system is not an action outside the system.
Forex is a world without rules, no government, no police, judges, no justice, if you are robbed, dijaili, insulted, slandered, or even killed and died for nothing forex help includes the Lord will not help you, just all of them arbitrarily free with his own. Then make their own rules and obey these rules you must survive!
Translate from http://onde-onde.com/learning-center/psychology-trading/32-kitab-suci-trading.html
Trapping of the Murrey Math
Murrey Math Background:
Murrey Math on the basis of precision measurement of the universal cycle
Murrey Math uses angka2 and geometry (picture of the actions of mathematics), for recording, measuring, and visualizing the harmonious rhythm of buy / sell from the money market.
Short tutorial uses Murrey Math:
Setting Period:
- To scalping (TF 5m/1m): 32
- To Intraday / Swing (15m TF-daily): 64 (default)
- For longterm (TF-yearly weekly): 128
2 MM strategy in general:
a. Buy on line 1/8-TP in 4 / 8 or Buy at 0 / 8 â € "TP in 2 / 8
b. Sell 7/8-TP line in 4 / 8 or Sell on 8 / 8 â € "TP in 6 / 8
A. Main approaches:
1. Sell in 7 / 8, TP in 4 / 8
2. Buy at 1 / 8, TP in 4 / 8
The main approach in the majority of these are common.
Factors that increase the success rate above the main approaches:
1. Previous movements to move from 5 / 8 or more
2. Double Pattern / Tripple bottom in 1 / 8 or double top / triple top in 7 / 8
3. Form a higher low prices on 1 / 8 or lower high in 7 / 8
Notes: If you do this alone .. you is enough to make money.
B. Secondary approach (works well not only how much profit)
1. Buy at 0 / 8, TP in 2 / 8
2. Sell at 8 / 8, TP at 6 / 8
Next you'll learn over time using this MM. (This applies in all areas where the results obtained according to the proportion in which you take the time to learn)
Definition of levels in the Murrey Math levels
1. Line 8 / 8&0 / 8 (Ultimate Ultimate Support and Resistance).
This line can be considered as Support / Resistance strongest.
2. Line 7 / 8 (Weak, Place to Stop and Reverse).
Weak lines. If a sudden price moves too fast and too far and then stop in at around this line, it means prices will soon turn around. If prices do not stop near this line, then the price will continue moving to the line 8 / 8.
3. Line 1 / 8 (Weak, Place, to the Stop and Reverse).
Weak lines. If a sudden price moves too fast and too far and then stop in at around this line, it means prices will soon turn around. If prices do not stop near this line, then the price will continue moving to the line 0 / 8
4. Line 2 / 8 and 6 / 8 (Pivot, Reverse)
2 this line to swing a trade with the line 4 / 8 if the price moves between 2/8-4/8 or 6/8-4/8 line.
5. Line 5 / 8 (Top of Trading Range)
Price spent 40% of all movements in between the lines 5 / 8 and 3 / 8. If prices move or stop at about the line 5 / 8 for 10-12 days, can be interpreted as a zone to try to take positions Sell (there are some people who do this). But if the price is above the tendency of 5 / 8, it means that prices will continue to the next resistance level.
6. Line 3 / 8 (Bottom of Trading Range).
If the price is below this line and in the condition of the uptrend, it means the price will be very difficult to penetrate to this level. If the price of penetrating to this level in the uptrend and settled conditions above that level for 10-12 days, it means prices will move between 3 / 8 5 / 8 over 40% of the time movement.
7. Line 4 / 8 (Major Support / Resistance Line).
Is a major line of support / resistance. It's good for entry-level sell or buy. Akanlah be a strong support when the price is above the 4 / 8 and will be strong resistance if the price is below 4 / 8.
C. How To Use Murrey Math?
(Source: Forex Factory)
When I first use Murrey Math, I treated the same as a simple pivot garis2-Resistance-Support of other areas which could be used to signal buy / sell. I am aware there are several levels of oft-repeated in several time frames, which I think is a pivot or S / R forte. The longer the more I understand MM sedikit2 work and there are a few tips on who I could learn so far. Garis2 Pertama2 little about itself:
First, who very clearly is that when over-extended market to overshoot or extreme overshoot line, then there is most likely price will bounce back, let alone supported by confirmation from other indicator2.
Then there are again, 2 MM strategy in general:
2. Buy on line 1/8-TP in 4 / 8 or Buy at 0 / 8 TP in 2 / 8
3. Sell 7/8-TP line in 4 / 8 or Sell on 8 / 8 TP in 6 / 8
Note: Murrey Math is not a purely mechanical system. Readings candlestick pattern, chart pattern, the other pivot and confirmation from other indicators can be a jim-dandy filters consideration OP. For more details on http://www.graemenash.co.uk/forex/MM.doc
Trading Range line (5 / 8 and 3 / 8) may pertama2 bit confusing. Where is the market most of it outside garis2 it. But the truth is very important garis2 to determine market sentiment. Basically, when the market was in between these lines mean more market sentiment flat or sideway. If the line is above the 5 / 8, expected bullish market can, in turn under 3 / 8, the market is bearish. Other lines 5 / 8 is a strong support when we are going in when the market entry bullish, and vice versa 3 / 8 is a strong resistance if we want an entry in the market who are bearish.
Break from garis2 this could be very important. For example, if the market is above 5 / 8 for some time and then break down the TSB, then starting out a bullish sign of strength. Usually always be followed to the level 4 / 8, and if it happens then 5 / 8 who are resistant significant. If darisitu then break again to level the price of 5 / 8, it means the price of trying to re-test into a bullish mode again where previously failed bullish.
If indeed the market re-test 5 / 8 and then fail, can be interpreted to confirm that bullish sentiment has been exhausted and the market will try to move to 3 / 8. And if the market breaks down 3 / 8, you can bet the market turned bearish and level 3 / 8 to be strong resistance which if prices break back into the top 3 / 8 can be considered a change of market sentiment again.
Note: kadang2 re-test did not happen and the market will break directly from one level to the other level2.
Orang2 often ask, what time frame is used? I answered almost all of them (1m/5m/30m/1h/4h chart), I use MM. If you understand, MM can explain the context of the market more clearly. Akanlah useful when used to all TFs, which may provide clues to which direction of movement of a market.
For instance, when Cable's strong rebound from lvl 0 / 8 on 4H TF. The movement targeted to lvl 2 / 8 (referring to the strategy described above) at 1.8250 (examples). When the price would go to that level, I look to the TF H1, which had broken through the line 3 / 8, the possibility of further movement into 4 / 8 which is also in the price of 1.8250.
When prices have reached to it, I jump into the TF 5 M for a clearer price action. And I saw that the cable had broken through to the top of the 3 / 8, re-test and bounce back, looking for levels 5 / 8, where also the price of 1.8250. If this level is translucent, then the next target of 6 / 8 at 1.8265.
Furthermore Trending up seemed to have run out of gas. Target in 4H and 1H have been hit, and has translucent 5M signifika and exceeding the target of this level diperkirakan.Hal who will stop and allow prices retrace a bit.
When prices hit the 6 / 8 (1.8265), I headed to the TF 1M to seek reversal of precision entry and I saw that on 7 / 8 (stall and reserve) at 1.8272. In the context of seeing all the time frames, it translates that keungkinan greatest when the price touched this level, it will immediately bounce.
Apparently the price towards 1.8272 and bounced straight, TP 50pips!
That examples using MM who I know, to give the context of how the market moves and to where. I think it is important to look at all the first time frame. If you have been accustomed to, then it can provide info who steadily, and sometimes when they show the same conditions, then you already do not need another analysis!
Other examples:
Trade short cable (1.7792 7GMT 09:45 hrs, close at 09:57 hours 7GMT 1.7777), where there is a divergence signal from the elbow, price channels, Moving Averages, etc.
But the main confirmation when I signed in, in the TF 5 M, the price increase test tries to level 3 / 8 at 1.7792. As I say first, if the market is under this level, it shows strong resistance which means that changes in market sentiment. Furthermore, in TF 1 F, the price is 1 / 8 (extreme overshoot), which means that it is not enough space to move prices upward and likely will bounce down
To exit, supported also by the signal of the divergence / Bollinger / price channel / pivot and confirmation for me is the price chart 1 M was in the top-level 5 / 8 at 1.7769. The meaning is strong support which represents a change from bullish sentiment toward certain price is unclear. I took exit there because in my view, the market was bullish short term because prices have gone up 80 pips in an hour, so it seemed the level of support.
Basic Triange Arbitrage
1.Tidak all pairs in the Triangle can be used to arbitrage trading
2. Use the following pairs, others please test yourself
- Long EUR / USD&USD/CHF-----> basket 1
- Short EUR / USD&USD/CHF-----> basket 2
- Long GBP / USD&USD / CHF
- Short GBP / USD&USD / CHF
- Long EUR / USD&GBP / USD
- Short EUR / USD&GBP / USD
How to use:
1. OP single entry Long EUR / USD&USD / CHF unison, without SL
2. as Multiply entry
3. The third pair as a 'fire brigade'
============ ========= ========= ========= =======
Tracking correlation profit trade:
- 2 pair as a whole (at entry and at exit), not
SL needs to exist, having been protected by another pair though not
perfect hedging
- Pseudo hedging, pairs should follow the trend to unity as OP OP
usual (via the indicator masing2), another pair should resist the trend (one
red, one green) --- monitor P / L its course
- Entry strategy masing2 wear indicator which is very familiar, or
wear naked chart, pairs 2 pairs in MT4 Window, there will
look,,,,, pair a ride, the second pair also increases or vice versa
- Take profit strategy:
----- One red, one green ---- P / L may be harvested green ...
----- One red, one green ---- P / L red .... leave until the P / L green
2 pair red ----- if ?======= ===
---- How to help the 2 pairs of red:
Add a third Pairs OP (taken from the correlation triangle) for
interventions so that the P / L red to green or breakeven MINIMAL
- Added advantage of individual third pair, if P / L red and are willing buru2
Breakeven or harvest
Example:
Sell 0.1 lot EUR/USD------red
Sell 0.1 lot USD/CHF------red
--- Tsmbah to 3 positions
0.1 lot buy GBP / USD
Example:
Sell 0.1 lot of EUR / USD (1.5921) green ------
0.1 lot sell EUR / CHF (0.8886-red )----
------------ ------ P / L red
a few days later, plus 2 pair for Rescue
Sell 0.1 lot of EUR / USD (1.5468)
0.1 lot sell EUR / CHF (1.0528)
------- Total P / L will be green
Excerpted from Live Webinar: Correlation trading
PS. It's just dasar2 correlation trading to hunt and Pip
help position the 'sick'
Pair Correlation Tables List
> AUDCAD CADJPY AUDJPY
> AUDCAD EURCAD EURAUD
> AUDCAD GBPCAD GBPAUD
> AUDCAD AUDUSD USDCAD
> AUDCHF CHFJPY AUDJPY
> AUDCHF EURCHF EURAUD
> AUDCHF GBPCHF GBPAUD
> AUDCHF USDCHF AUDUSD
> AUDJPY CADJPY AUDCAD
> AUDJPY CHFJPY AUDCHF
> AUDJPY EURJPY EURAUD
> AUDJPY GBPJPY GBPAUD
> NZDJPY AUDJPY AUDNZD
> AUDJPY USDJPY AUDUSD
> EURNZD AUDNZD EURAUD
> AUDNZD GBPNZD GBPAUD
> AUDNZD NZDUSD AUDUSD
> EURUSD AUDUSD EURAUD
> GBPAUD GBPUSD AUDUSD
> AUDUSD USDCAD AUDCAD
> AUDCHF USDCHF AUDUSD
> USDJPY AUDUSD AUDJPY
> CADJPY AUDJPY AUDCAD
> CADJPY EURJPY EURCAD
> CADJPY GBPJPY GBPCAD
> CADJPY USDJPY USDCAD
> CHFJPY AUDJPY AUDCHF
> CHFJPY EURCHF EURJPY
> CHFJPY GBPJPY GBPCHF
> EURAUD AUDCAD EURCAD
> EURAUD AUDCHF EURCHF
> EURAUD AUDJPY EURJPY
> AUDNZD EURAUD EURNZD
> EURAUD EURUSD AUDUSD
> EURAUD GBPAUD EURGBP
> EURCAD AUDCAD EURAUD
> EURCAD CADJPY EURJPY
> EURCAD GBPCAD EURCAD
> EURCAD USDCAD EURUSD
> EURCHF AUDCHF EURAUD
> CHFJPY EURCHF EURJPY
> GBPCHF EURCHF EURGBP
> EURUSD USDCHF EURCHF
> EURGBP GBPAUD EURAUD
> EURGBP GBPCAD EURCAD
> GBPCHF EURGBP EURCHF
> EURGBP EURJPY GBPJPY
> EURGBP GBPNZD EURNZD
> EURUSD GBPUSD EURGBP
> EURJPY AUDJPY EURAUD
> EURJPY CADJPY EURCAD
> CHFJPY EURCHF EURJPY
> EURJPY GBPJPY EURGBP
> EURJPY NZDJPY EURNZD
> EURUSD USDJPY EURJPY
> EURNZD AUDNZD EURAUD
> EURNZD GBPNZD EURGBP
> EURNZD NZDJPY EURJPY
> EURNZD NZDUSD EURUSD
> EURUSD AUDUSD EURAUD
> EURUSD GBPUSD GBPUSD
> EURUSD NZDUSD EURNZD
> EURUSD USDCAD EURCAD
> EURUSD USDCHF EURCHF
> EURUSD USDDKK EURDKK
> EURUSD USDJPY EURJPY
> EURUSD USDNOK EURNOK
> EURUSD USDSEK EURSEK
> GBPAUD AUDCAD GBPCAD
> GBPAUD AUDCHF GBPCHF
> GBPAUD AUDJPY GBPJPY
> GBPAUD AUDNZD GBPNZD
> GBPAUD GBPUSD AUDUSD
> GBPAUD EURAUD EURGBP
> GBPCAD AUDCAD GBPAUD
> GBPCAD CADJPY GBPJPY
> GBPCAD EURCAD EURGBP
> GBPCAD USDCAD GBPUSD
> GBPCHF AUDCHF GBPAUD
> GBPCHF CHFJPY GBPCHF
> GBPCHF EURCHF EURGBP
> GBPCHF USDCHF GBPUSD
> GBPJPY AUDJPY GBPAUD
> GBPJPY CADJPY GBPCAD
> GBPJPY GBPCHF CHFJPY
> EURJPY GBPJPY EURGBP
> GBPJPY NZDJPY GBPNZD
> GBPJPY GBPUSD USDJPY
> GBPNZD AUDNZD GBPAUD
> GBPNZD EURNZD EURGBP
> GBPNZD NZDJPY GBPJPY
> GBPNZD NZDUSD GBPUSD
> GBPUSD AUDUSD GBPAUD
> EURUSD GBPUSD EURGBP
> GBPUSD NZDUSD GBPNZD
> GBPUSD USDCAD GBPCAD
> GBPUSD USDCHF GBPCHF
> GBPUSD USDJPY GBPJPY
> NZDJPY AUDJPY AUDNZD
> NZDJPY EURJPY EURNZD
> NZDJPY GBPJPY GBPNZD
> NZDJPY USDJPY NZDUSD
> NZDUSD AUDUSD AUDNZD
> NZDUSD EURUSD EURNZD
> NZDUSD GBPUSD GBPNZD
> NZDUSD NZDJPY USDJPY
> AUDUSD USDCAD AUDCAD
> CADJPY USDCAD USDJPY
> EURCAD USDCAD EURUSD
> GBPCAD USDCAD GBPUSD
> AUDCHF USDCHF AUDUSD
> CHFJPY USDCHF USDCHF
> EURUSD USDCHF EURCHF
> GBPCHF USDCHF GBPUSD
> USDDKK EURDKK EURUSD
> USDJPY AUDUSD AUDJPY
> CADJPY USDJPY USDCAD
> CHFJPY USDJPY USDCHF
> USDJPY EURJPY EURUSD
> USDJPY GBPJPY GBPUSD
> USDJPY NZDUSD NZDJPY
> USDNOK EURNOK EURUSD
> USDSEK EURSEK EURUSD
