Fight the trend is a part of my method and the main method is love the trend. I will show you how to love and fight the trend in H4 tf to make around 300 pips a week.
First I would like to show you how to love the trend and make money . Have a look at chart below. My stop loss is 80 pips but I will exit at once the time I see a bad situation. All arrows show the place to entry and I use fibopivot to identify the target.
I really love to follow this H4 trend as it 90% accurate and I don’t need to waste my valuable time in front of my LG monitor. I use this METHOD number 1 to entry once or sometimes 3 times a week to make around 100-200 pips a week.
So where is my number 2 methods? Fight the trend . Yes, Fight the trend. I will show you the chart.
Hello tyepips , thanks for your comment. The charts above was just preview or show off lol. They didn’t contain any description on how to entry and exit because I need some feed back.
MACD has crossed up zero line for the first time and price goes back to EMA60 ( In chart below you can see thisrule applied to entry no. 2 but this time for short position).
Re-entry signal occurs if and only if the price back to EMA60 and the maximum re-entry is 3 times a week.
Target : R1,2,3 is the best target but I suggest that you exit when price is between R2 and R3. Stop loss is 80 pips.
Exit : You must exit asap when MACD drop 1 bar below zero line. (In chart below this rule occurs to stop -35 of entry number 1).
Hi mmfx. Hope you are doing great.
First of all i would like to tell you, im very impressed with this method and results you have posted. I have few questions. Hope you don’t mind answering them
Are u trading live ?
Since how long have you been using this method ?
what’s the win/loss ratio of this method ?
when you say FIGHT AGAINST TREND. In what context do you mean it ? cause i see that in the second method, its like you are following the trend.
What all pairs do u trade ?
Did u try this method on hight or lower timeframes like Daily or H1 ?
Hello gs8888 , thank you for visiting my thread and I am sure you are profiting from FX market as well. I am more than happy to answer your question as I am here to share my knowledge because FX market is universal and for everyone, and that means if one found and enjoyed a profitable method she/he has to share it so everyone in the same business can enjoy it, can taste it and finally become very happy as well.
Every trader has to enjoy FX and share happyness between them.
Yes I am.
Long enough.
Method-1 has 90% accurate as long as you entry according to valid signal.
This method needs long explanation to make you understand the character of EU before you fight the H4 trend. I need approx. 7 charts to upload as a sample. I will upload these charts later but first everyone has to love the trend. It’s all about profit taking, how much? how long? or continuation?
Hello mmfx, thanx for the fast reply.
Im attaching a chart of EURUSD. you can see the hwite arrow marks in the chart, once the price has crossed above the 60 ema, it went down instead of shooting up. how do u avoid false breakouts like these ?
You should only buy in this situation. When MACD crossed up 1 bar you must wait for the price to retraces to EMA60 and ENTRY. Always entry from EMA 60. Please go to my rule for method-1 , you will find a correct place to entry.
Hi mmfx. If you look at the eurusd chart now…the histogram has crossed zero goin down…so, should we enter the trade now or after it goes back to the 60 ema and then short entry ?