FX SYSTEMSLAB MONTHLY
PROGRAM OVERVIEW

With evidence of either bullish or bearish Gap & Angle readings on a 10/20 paired EMA configuration plotted on three consecutive scalable timeframes, we drill down to the next lower for evidence of a specifically corrective EMA reading there, trading in the direction of the higher level trend once a specific type of identified crossover event occurs.

The timeframe spanning anywhere after midnight GMT up to the London open at 8:00 am GMT provides an excellent vantage point to determine the tradable trend for the current 24-hour session, to set Day Trade take-profit targets based on GMT pivots used in conjunction with the 5-day Average Daily Range calculation, and most importantly of all – to exploit the highest volatility period of most trading days.

Here’s a dead-simple and effective way to align with momentum conveyed by the same Parabolic SAR reading on each of the 4hr, 60m and 15m charts, drilling down to the 5m chart for a fractal retracement, and its resolution to trend with a Parabolic SAR reversal in the direction of the higher level momentum reading. A great way to exploit 20-pip Limit Exit opportunities repetitively throughout the trading week.

Three simple filters are applied on the Daily chart to determine tradable trend. Then, we drill down to the 4hr chart looking for a counter-trend Williams %R reading resolving to trend on a crossover of bullish or bearish thresholds. A split position is taken with a 20-pip ‘insurance’ target covering the 20 pip stop on the second lot, the latter carried open as a Swing or Position Trade.

The Ichimoku indicator is actually much more than an indicator: it’s a sophisticated and internally complete “system” approach to trading providing trend, trade entry, stop and trade management rules that are at once visual and high-probability. In this installment we’ll demystify this powerful element of Technical Analysis for maximum profit potential, using just the Daily and 60m charts in tandem.

Richard Dennis’s famous “Turtle Traders” experiment was predicated, in part, on application of Donchian Channels. In this final installment of the series, we improve and update the original concept by arraying Donchian Channels in top-down format together with CCI, for high Reward/Risk day trade entries and exits. Where others talk only generalities on this approach, we’ll give you all the trading rule details you need to trade just like a Turtle.