Advanced system #15 (THE SWING 15 min TECH)

I've been also using the same but entry in 30 min charts. the problem i face sometimes with the strategy is somedays i'll have lots and lots of trendlines all over my chart (all of them which connects 3 ir more swing highs/lows) which confuses me whether to enter or not. And many days i misses good moves because of this.

Good job, Olivier, on jumping on the Greece concerns sell-off rally! Happy that you managed to secure a winner after a loser! Tomorrow will be an interesting day since the IMF and EMU will be meeting in Athens and if the concerns don't get a good solution we can see downtrend continue, so it's great to be in your situation: having a winner in the pocket and just sitting back and seeing the fireworks.

This is the most difficult in this technique, to see the rights trendlines, support and resistance.

The way you see graphics is very personnal, different personns will see the same graphic their own way.

For me there are some rules that i respect in my trading plan:
-On monday morning i dont trade if there is a gap not fill in( this morning 7am GMT+1, gap not fill in on GBP/USD and GBP/JPY, so i will not trade toady this two pairs). And the followings days, i will trade only in the direction to cover this gap

-I trade only trenline breakout, if the breakout is in the opposite direction of the trend

-I open only one position for each pair and i wait for the end of the trade to take another signal(for now i m still short EUR/USD, i will not take others signal till i my position is closed)

-Usually i draw my trendlines, support and resistance at 6.45AM GMT+1 and i take the first signal from 7 AM, and i m done for the entire day. I do not take more than 2 positions per day per pair. The first braekout in the morning is the most important.

-I do not take a signal on big news

So by following this few rules, you can get good results with this technic!

GOOD TRADES

OLIVIER

-

Any new tips for us Oliver as I consider trading this? Thank you for good instruction. Steve

Hi Olivier, hows the results of your trading with this method so far?

Rgds,
Robert

Hello,

Results are perfect,

I am now trading this method, with some improvement, that i found are the best. My goal was to simplify my method, as much as i could.

I trade mainly from my Iphone with OANDA, here is the new setting

Traded pair: EUR/JPY (one pair , is enough to earn in forex)

Time frame: 15 Min

Trading hours: 9 am to 7 pm, PARIS time, GMT+1

The rest of the method, is the same than before.

ROI you can expect , will depend on your risk, but let say, that it is twice your risk (risk =5%, ROI expected /month : 10%)

Write all your trades, follow your results, respect strict rules, review each trade every week, set reasonnable goals, and you will earn money with forex.

Olivier

Olivier..
How to Select entry point & exit point in this method ??
and how to select sell or buy trade through tradeline??