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3/32
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The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Hello, my dear friends and fellow community members.
1. INTRODUCTION
To make sure that we, the members of the Dukascopy Community are profitable each and every month I want to share with you an idea that if we put into practice then we will definitely be in profits at the end of each month. We have to find out a system, in which our stop loss and take profit is predefined. Also, we have to make sure that our take profit level is at least 3 times from the traded price as much as the stop loss is.
2. THE PLAN
We will put 1% of our account at risk on every trade. And we will aim for 3% of the account if we are right. To understand what I am talking about, we need to do a simple mathematics. Let us say that we took 10 trades in a month in this manner, where we risked 1% to gain 3%. And let us say that 5 trades were not in our favor. In other words, the stop-loss was triggered. The price hitting stop-loss 5 times means we have lost 5% of our entire capital(as we had 1% at risk on each trade and 1*5=5). At the same time out of 10, we have also won the five trades. Winning 5 trades mean that …
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chytry_dziad avatar

Well done!

Verona888 avatar
Verona888 12 Mar.

nice work!

killer195175_reborn avatar

Thank you all for your support and kind words. I hope that my ideas help you in executing your trades with confidence. I wish you all a very profitable year.

Vlad73 avatar
Vlad73 16 Mar.

good article

WizWiz avatar
WizWiz 20 Mar.

impressive article!!!!

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2/56
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Introduction
The article aims to provide a comprehensive trading strategy for traders, who are new to the Forex Market.
Technical Indicators
The main focus is on the Trendlines, by reference, we will also be looking at the Candles, SMA and Bollinger Band, in this regard.
Trader shall be able to set up the indicators' value, listed below;
SMA - 30
Bollinger Band
  1. Price - close price
  2. Time period - 20
  3. Dev up & down - 2
  4. MA type - EMA

Strategy
Graph 1

In this technical graph, we are looking at the USD/JPY 5 minutes' analyses. Innitially,we see there was a surge, and then dropped back to point A. In most cases, at this point we will be able to draw the upward trendline, the buying levels are at point A and B. When it breaks the trendline, with three candles staying below the line, that point C would be the break even level(The black line). At point C, trader must take profit.
Graph 2
From point C, there was another upward movement, trader should stay clam and wait for point a or point D. From point a, we can re-draw an upward trendline, and start taking short when we find point D, which three candles staying below the trendlines. More importantly, breaking the break even level. Ther…
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k_morocco avatar

good job

FXNOAD avatar
FXNOAD 1 Nov.

good article. 

TInna avatar
TInna 1 Nov.

wery well!

angelina_may avatar

good

MR_KHALEDBADRY avatar

good job

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21/76
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This article is the second part of my last article titled June Chronicles I . These articles are essentially an analysis of market behavior purely from a technical analyst’s point of view. For the analysis, we are focusing on 3Ts: Technical Analysis, Trend and Timing.
The technical analysis method is the use of trend lines on four hourly charts to confirm the market direction. To determine the trend, we use a Simple moving average with a value of 100, and the periods for best entries will be filtered using the Average Directional Index (ADX) indicator.
The last five trading days have been very eventful; if there is anything I am learning from this month’s trading activity; it is that even though technical analysis will show you the way, fundamental information is the spark that lights up the trend.
Eurusd
Going into the month of June, the first sign that the trend was changing on the Eurusd occurred around 07:00 on the 2nd of June, when the market closed above our 100SMA.
A few hours later, market volatility was confirmed when the ADX indicator went above 25; signifying a strong trend back by volatility and momentum.
The final confirmation was when the market closed above the t…
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Natalia_Kisenko avatar

good work! very useful!

wienerschinken avatar

Good article. Very interesting that you are using ADX for Trending behaviour. In my opinion it doesnt show the trend just volatility. Its a little bit dangerous because an uprising ADX can mean short or long.

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17/76
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People say there is nothing new under the sun, that even the new trends in fashion are just a mirror image of previous fashion trends. Basically, what I get from that is that core concepts usually last.
When I look at the forex market, I realize even though there has been an evolution in trading and trading tools, the market itself has not really changed. The markets represent human psychology on the charts (Elliot wave theory), and people do not really change. Human beings are repetitive in nature, so human reactions have patterns and can be predicted. If we make this assumption, then we can say price patterns or market reactions which were profitable in the past stand a chance of also being profitable in the future.
Based on this, I am going back to the “roots”, I am diving into old-school analysis of the markets; which was purely technical. If it was possible for traders to make money back then, when they had to work with raw data and place calls to make their trades, then it is very possible for such markets tools to make money in the present day and age.
I am going to be sticking to the 3Ts: Technical analysis, Trend and Timing.
Technical Analysis
All analysis will be done u…
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Margoshka avatar
Margoshka 12 June

good work)thanks

Natalia_Kisenko avatar

very useful article!

CD1V1 avatar
CD1V1 14 June

good work

KATRIN_90 avatar
KATRIN_90 19 June

good work))

Lyubant avatar
Lyubant 21 June

great!

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23/41
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Before trading technologies evolved, before charting software were developed, before advanced algorithms were created to analyse price and take trading decisions, there existed a simple yet very effective tool which generated loads of profit. This tool is called Trend lines. I prefer to call them the oldest known FX secret; they are well publicized and there is a ton of information about how to trade using trend lines, yet every few traders realize the impact this tool can have one a trading career. The beauty of trend lines is that they can be applied on any chart and on any time frame.

The forex or currency markets are mainly governed by demand and supply. When the demand for a currency is high, the currency appreciates. A vibrant and robust economy usually gives rise to a strong currency. In the same vein, an economy facing economic or financial crisis usually experiences a low demand for its currency. The principal task of every trader is to determine which currency or currencies is/are in demand, and exploit that information for financial gain (Almost sounds like insider trading).
Demand and supply are very visible on the charts. Resistance and support levels are the best in
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VictoriaVika avatar

Oh, thats  a good information, thank you for sharing it.

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14/58
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Today I want to show you my final step in my trading strategy.Part 4 of 4
All together now
So you know, what Camarilla means.
You know how to draw trendlines.
And you know how to set the Fibonacci Levels.
 
In this step, we let them work together.As you can see on the pictures above, there are different Camarilla Levels,
Trendlines and Fibonacci Levels drawn. So you have important levels for your
trades. In the 1st picture you can see the Camarilla Levels. So you wait for an
trendline, draw the Fibonacci Levels and Camarilla Levels and take a Trade,
where 2 of these Indicators come together. Sure it’s better to have 3
indicators work together, but if 2 of them say yes, take your trade.
Trades in the 1st Picture (Zoom of Picture 2)
e.g Point 7, you have a Trendline and an Camarilla Level, which are
supporting. You just wait, till the price touches the trendline and make your
trade. Entry @ Trendlinetouch, your SL = L4 Level (a little bit below) and TP =
L1 or Pivot. Depends on your opinion.
At point 8, same again. Trendlinetouchdown = Entry, SL = L4 (a little bit below)
and your TP minimum L1 I’d prefer the Pivot Point
And Point 9 you see the H4 Level, which is reached andbroken for…
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Bluedragon avatar
Bluedragon 28 Feb.

very interesting article +1 ;)

TheDarkMatter avatar

very intresting.good luck

Nicco avatar
Nicco 29 Feb.

Interesting! I used copy/paste and I saved your article series to study. Good job!

heaptrader avatar
heaptrader 14 Mar.

Strategy as a whole good, but at a market great speed will work not so well; there will be problems with installation SL, and without it it is possible to lose the deposit quickly.

Panic avatar
Panic 15 Mar.

good one ....

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28/58
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Today I want to show you the next step of my trading strategy. The strategy is made in 4 steps. Here you find the 3rd part of it. Part 3 of 4 Fibonacci 1st you should know, how to draw the Fibonacci Levels Drawing the Fibonacci lines is very comfortable in our Trading Plattforms. Fibonacci Levels are calculated automaticly and then you see the % lines in your chart. Only thing you have to know is, how to draw the Fibonacci Levels and where you have to start your survey. In your chart, the price is moving up and down. If the price is moving up, you have to draw from the lower price level to the upper price level. If the price is moving down you draw it vice versa.    As you can see it in the pricture, the price moved up and then fall back. So you were able to draw the Fibonacci line. It is drawn by connecting P1 and P2. So the price is moving from P1 to P2 and moving back to P3 and climbing up again. This means, the Fibonacci levels are a good place to trade. If you are trading only Fibonacci Levels, you take Buy-Orders at those Fibonacci Lines. Strongest Levels are the 50% and 61,8% Levels.   Perhaps you’ve seen that in the Pic…
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CASPI avatar
CASPI 26 Feb.

Classic is a haze. I got it. Good explained. Quick.

bigbos6969 avatar
bigbos6969 28 Feb.

good+1

bigbos6969 avatar
bigbos6969 28 Feb.

good+1

Panic avatar
Panic 15 Mar.

nice strategy keep it up .

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27/58
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My trading strategy
I want to show you one of my trading strategy. The strategy is made in 4
steps. Here you find the second part of it.
Part 2 of 4
How to draw Trendlines
 
1st Question you have to answer:
What are Trendlines and what is the sense on drawing them?
 
Drawing trendlines on an FX Chart is
a little form of art. That means, that everyone of us has an unique way of
drawing them. You just have to follow a few rules, but you should know, that
there is no ideal way to draw them.
Never make the mistake and draw lines
like you wish they should like, that you CAN interpret better results for your
mind.
We draw trendlines, because we want
to see different support and resistance levels. As you can see on the chart
below, the trendlines which you may see, show a „Resistance Level“ (grey and orange)
and an „Support Level“ (green)
 
How to draw trendlines?
The trendline in grey is made by
connecting Point 3 & 5.
The orange trendline is made at step 6
connecting Point 1 & 6.
The green trendline you are able to
draw at point 4, connecting 2 & 4. You connect the upper candle tops (line of
resistance) respectively the lowest point of the candles for supporting trendlines.
 
So you hav…
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NagarajaAdiga avatar

should have given more chart examples of trend line. good article though. keep up writing.

WyMe avatar
WyMe 23 Feb.

One picture isn't loading; had troubles on upload the pictures, sorry :)

CASPI avatar
CASPI 26 Feb.

Labor health. Effort is beautiful. Have not had the test. A sensible strategy.

bigbos6969 avatar
bigbos6969 28 Feb.

good+1

Panic avatar
Panic 15 Mar.

good one ...

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22/58
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My Camarilla Trading Strategy
I want to show you one of my trading strategies. The strategy is divided in
4 parts
Part 1 - The Camarilla Equation
Part 2 - Trendlines
Part 3 - Fibonacci
Part 4 – The strategy where Part 1-3 is combined
Part 1 of 4
CAMARILLA Equation
What is Camarilla Equation
Camarilla is nearly the same like
pivot with support and resistance. You have different levels in a day where you
can place orders. This technique was found in 1989 and was successfully used in
the financial market.
There are different levels of support
and resistance, which are calculated on the high and low of the day before.
This means, that today’s support and resistance levels can be predicted a
little bit.
 
The Camarilla Equation is often used
by bank traders for predicting the direction. The trades are with and against
the trend either way. It is using simple rules based around price activity oft
he L3, L4 level (attention JForex Plattform has different names for that
levels)
In JForex Plattform the levels are
called S3 (Support) and R3 (Resistance) S4 and R4 doesn’t exist, so you have to
calculate it manually or like I do, I’m using a Camarilla Calculator for it.
At my beginning of this…
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CASPI avatar
CASPI 26 Feb.

Labor health. Effort is beautiful. Have not had the test. A sensible strategy.

bigbos6969 avatar
bigbos6969 28 Feb.

good+1

Bluedragon avatar
Bluedragon 29 Feb.

good article +1 ;)

Panic avatar
Panic 15 Mar.

great article .........

cchuat avatar
cchuat 28 July

Where can we find part 3 and 4, please.

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