#10 Mounzer Forex Stress Free system

U can use RSI and Stoch also U can use Fibonacci pivots and any thing else..
But we have to keep our eyes clear and piercing...
The simple is it,, the more relaxing,
and adding more indicators will filter more but also will make u miss more..

Mohamad Mounzer

Hi Mohamad,

Can you help me? I am a total newbie to forex - I've had a few unsuccessful trades based basically on gut feeling and lost a couple of hundred dollars. I don't want to waste any more and am looking for a decent strategy. I have invested another $500 in my live account and will not be investing any more. This is my last try... I have been looking around for a decent strategy and came across this site. I like the look of your strategy. Can you explain the system to me more basically, step by step, to set it up? One question, do I need to watch prices all the time to 'switch on' my trades or can this be set up to switch on automatically? I don't have a lot of time to watch the prices as I work full-time and have a busy life.

Your help really would be appreciated!

Many thanks,

Kenny

Hi Kenny
U have not to watch the charts all time...
This is a 4 hours chart strategy
U have to make one look on the charts every 4 hours as a new candle opens every 4 hours
Just do that...
Watch the time ur 4 hours candle opens...
It differs from a software to another..
I advice U to choose Buystop and Sellstop orders when market is ranging or choppy, but when market is trending U have to choose the orders that goes with the trend and ignore the others as they are only corrective.
For the strategy :
Watch MSL(market structure low) and MSH(market structure high), and read more about them.
MSL and MSH are the basic of this strategy and when they are formed enter the market with buystop or sellstop
Such MSH and MSL is more considerable and effective when they are formed at a resistance or support level such that a previos top or bottom, fibonacci level,trendline,important moving average period like EMA(55) EMA(200) SMA(80) SMA(120) SMA(300)...
BUt the most important is that U cannot put all that on ur chart U will make it very crowded and annoying and U may not find a place for trade..
Just choose some from them..
I choosed in my strategy the : previous tops and bottoms by using ZIGZAG, 2 moving averages ,equidistant channel..
below some MSH and MSL photos,,

Thank you for your wonderful strategy and a great support for traders,

The last image came out blurred...

If you happen to have a better one, it would be great to have it posted.

Best regards,
Edward

Hi Mohamad,
Thanks for your explanation of MSH and MSL.

Thank you so much Mohamad.

I'll give your strategy a try and let you know how it goes...

Thanks again,

Kenny

Hi,

Thanks for sharing your strategy. Could you please comment on the point: "only if the patterns are included in at least 4 candles or bars formation". Does this mean you need to have 3 bars closing with higher highs followed be 1 bar closing with a lower high (MSH) before you have a valid setup? Do the bars also have to make higher lows and a lower low for the last bar? Thanks.

NO.. I donot mean that..
MSH is : high then higher high then lower high
3 candles form a MSH
and so for the MSL
But i need at least four candles in order to avoid consolidations, so for the pattern to be more effective it must be formed after a clear wave, and 4 candles=16 hours includes at least 2 markets action.. thats all..

Mohamad Mounzer