OzFx

Hi Thrunner, It is nice to hear from you and I appreciate your comments. During Christmas time I would say to trade with less lots and only on strong signals. This applies to any other holiday period. Cheers, OzFx

Hello Friends, Friday turned out to be a killer day . When I was just about to close off EUR/CAD it started moving in our favor. It went and made us +150 pips. We still have 2 more lots open on this pair. EUR/USD also moved significantly and 3rd lot closed for +150 pips. We still have 2 more lots open on this pair as well. USD/CHF is currently around +100 and we hope to make more out of this trade. Overall we made +300 pips in just one day and so far we are sitting at 26/31 successful trades. Month Total: +520 Pips Cheers Oz

OzFx Daily Method PIP Update ----------------------------- AUD/USD First lot closed for +50 and then rest hit our SL at BE. I am still holding EUR/AUD, USD/CHF and AUD/CAD. Month Total: +320

Not sure where we are going with this conversation. Hence this will be my last post regarding this In Forex every broker creates a daily candle at different time. It is a fact and you are welcome to test yourself. The indicators I've recommended acts differently with different broker and by doing the research I found the ideal broker. I don't use ODL for live trading...in fact I recommend different brokers on my blog. Cheers, OzFx

My testing shows that it works best with ODL. Since every broker has different time for daily candle results differ from broker to broker in Forex. But don't let me stop you from trying different brokers. Cheers, OzFx P.S Google gives 700k results for "HAL9000". Not sure which one is you. Try "OzFx"

Only if you had read it little bit further

I think you missed this part :

OzFx Daily Method PIP Update ----------------------------- USD/CAD moved in our last night making us +50 pips. Later on it hit our SL for the rest of the lots. I also closed out our EUR/CHF at +20 since I didn't see much movement. I am still holding USD/CHF which is close to BE. Month Total: +270 Pips. Previous Month: +1720 Pips

Nope. Share market is not that volatile in my opinion. Perhaps commodities will be better suited. Feel free to try and post your results. Cheers, OzFx

Few files for everyone Sample Trades.pdf OzFx Forex System.pdf OzFx-template.zip

Hello Friends, I would like to share with you a system that has consistently been successful for me, that I would like to call OzFx System. What can You expect? This system has a potential of banking 100-800+ pips per trade trading with Daily Chart. Why Daily Chart? As you could guess by now that this is not a 5 min scalping system. I believe in trading longer time frame simply because first of all rules of technical analysis hold true more often and second I don’t want to sit in front of pc all day long. Think like this, most of us one day would like to be full time traders; however it doesn’t mean that we spend all that time in front of PC. I would rather go flying and playing golf. So I developed this system thinking of long term and hence it is based on Daily Chart. See It For Yourself: Let’s see if you can spot the correlation between the indicator and the price action. I bet you were able to spot that short entry (300+ pips). Tell me that you noticed that every time AC changes color and crosses the 0 line it gives us an entry signal. Am I right or right?? Did you see another short trade towards the left side of the chart?? That trade was worth 835 pips in 5 days. No Clue So far: I believe 90% of the people will be able to spot the correlation mentioned above. If you are one of the unlucky 10%, then I would recommend to try some other system and not to waste your time on this post. The reason I say above is that we should trade using strategy that is intuitive and easy to follow. Technical analysis is not perfect science; I believe it is an ART, an ART to pick signals as they happen. I am terrible at spotting Flags, Triangles and Head & Shoulders. Hence I keep away from them and don’t want to spend years to master them. A Bit Of History: I started with Forex few years ago simply because I like the volatility and leverage. I’ve never traded stocks in my life and no plans to do so ever. The only stock I ever held was given to me by the IT company I worked for. As most of us I tried systems provided on Forums and also commercial system. I tried News Trading, 5 min scalping and astrology (just kidding), but had no luck. I wasted a fair bit of money and precious time on several systems that were not worth their while. However the learning that took from that was these systems were complex, had too many indicators (or none) and required a great deal of discretion. So I went and did my own research to see what indicators make sense, what setting works best and what time frame they should be used on. So What Is The System? Setup: * Open up a daily chart on EUR/JPY. * Apply Bill Willam’s Accelerator Oscillator (AC). * Apply Stochastic with setting 5,3,3 on top of AC. Use the template if don’t know how to. * Try and use demo MT4 from ODL securities. Every broker has different time when they start a new daily candle. * ODL seems to have the time that works best. I only use their demo account for charts and place my trades on totally different broker. Short Entry: RED AC below 0 and Stot below 0 Long Entry: Green AC above 0 and Stot above 0 Exit: OppsiteBuy/Sell signal or as per Money Management. Filter: Apply 200SMA. If price is below 200SMA then only take short trades. If Price is above 200SMA then only take long trades. Money Management: * Trade with 5 Lots with Stop Loss 100 pips away * Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE). * Take Profit on 2nd Lot at 100 pips. * Take Profit on 3rd Lot at 150 pips. * Take Profit on 4th Lot at 200 pips. * Let the 5th Lot run until you see an opposite entry signal. The Risk/Reward ratio turns out to be 1:1 or better depending on your 5th Lot. Since we trade on daily and would only take trades with high probability of success, 1:1 would work just fine. If you choose to do back-testing then take special care for signals from late November to end of Dec. Low volume during this time of the year creates wild swings. My Challenge To You: Spend 2 mins every day to analyze 8-10 of your favorite pairs. Demo it for 2-3 weeks and post the screen shots of your trades for everyone to see and learn. What’s In For Me? It is time for me to Give Back. I learned a great deal from forums and thought there can’t be another way to share something that can make us all a lot of money. Plus I hope to learn from others on how to improve this system. Up Next: * Advance Entry Signals * Advance Stop Loss(SL) and Profit Taking(PT) * What pairs to trade and what corresponding Stop Loss to use? * What are other tradable Time Frames? * Squeeze-More – An Intraday Strategy * FAQ * EA I’ll reveal more info about the system once I start to see more interest in this post from Forum members. Cheers, OzFx