You are on page 1of 2

FOREX TIME TRADING MACHINE ENTRIES

1. Forex Pairs we trade: We trade these three the same: EURUSD USDCAD GBPUSD THEN THE GBPJPY - DIFFERENT ENTRY. 2. When a vertical Fibo Time Zone line crosses a bar - we call that bar a "live trading bar" Note: on Metatrader: if the Fibo Time Zone Vertical line does not line up exactly with the bar we take the bar behind/before the line. Note #2: If the Fibo Time Zone Vertical Lines are two bars or less distance between we will take the SECOND Fibo line as the live trading bar trigger. Live Trading Bars are directly on the Fibo Time Zone Vertical line for: EURUSD USDCAD GBPUSD Live trading bars - are the bar BEFORE the Fibo Time Zone Vertical Line on: GBPJPY 4. We trade a "Live Trading Bar" triggerd by our Fibo Time Zone Vertical rules as stated above by taking the breakout of that bar where we buy long over the high plus a little buffer space or we short underneath the low minus a little buffer space >> Its a bi-directional, Double Breakout trade BUFFER VAUE:

1. i.e. Space between the high or low of the bar and the actual entry. I like to use 20 pips on EURUSD, USDCAD & GBPUSD . 30 pips on GBPJPY (but I'll often cheat in to 20 pips on GBPJPY as well or even 10 pips on the other pairs if I think the setup Is particularly strong.) (if i feel the market has strong directional price conviction then i will tighten up my entry stops.) i.e. example 2 for a buffer: The closing price of the bar X .3% (.003)

5. Order Time: usually place orders between 4:45 and 5:30. Eastern time, after the USA stock market close.

You might also like