New ichi – 战胜外汇的新方法 (New ichi – new way to beat the forex)

I’m Tom, from Vietnam
I’ve been in forex market for 3 years, learned a lot of kind of trading: harmonic, wolfe, elliott…using a lot of kind of indicators but I cant improve my trading result. But now, I start to found that “the simple makes everything” so I start with the basic.

No headache becau we have no MA, Stoch, rsi, Fibonacci ……. Just only the cloud

This system is good for some major pairs, such as: EU, GU, UF, UCAD, NZDUSD

I trade with this system for a few month and have some good result than before

I trade only on 4 hours chart – to clear out the “noise” of the market

Actually, when we start to put an order, we need to define 3 things:
•Trend (up or down)
•Entry – exit – stop
•Money management
More detail:
1.Trend: have 3 situations: up, down, sideway.
In my trading system, I catch the trend by the cloud.
•Uptrend when the price above the cloud and the color of the cloud is blue  only long
•Downtrend when the price below the cloud and the cloud is red  only short
•Sideway when the price in the cloud,whatever the color  no trade

2.Entry – exit – stop
a)Entry
I entry by the price action – PA – of the candlestick
I wait for the bounce back to the cloud and looking for some pattern of the candlestick,like:
•Bullish – Bearish engulfing
•Shooting Star
•Hanging man
•Hammer
•Inverted hammer
•Morning – Evening doji star
Then I enter the market

b)Stop:
I put my stop above or below the peak or trough of the entry candle

c)Exit
I usually trade 2 lot, I close 1 at risk – reward 1:1 (including spread) and then let the 1 lot run until it hit the blue line of the ichimoku

3.Money management:
Of course, never risk more than 2% of your account in every single trade or you will die soon

To know more about new ichi,pls read this one http://codebase.mql4.com/1467
Let me show some example: