BrunoFX 's observed

BrunoFX Observations of the Nina method. : http://www.forex-tsd.com/suggestions-trading-systems/803-observations-nina-method.html

guiding principle:

crossing ind+ma25 above or below the reference mark 0. confirmation of the stoch + confirmation fx_fisher

Rules:

FT: M30
Indicators: IND Inverse +MA50
FX_Fisher
Stoch (5.3.3)

Buy: cross INDinverse+EMA50 (no reference mark) Stoch green line with the top of the red line and it must go up + Fx_fisher :it bar must be green and above reference mark 0

To close the order: with the crossing of the line of Stoch or TP = 15 or 20

Sell: inverse

For the sell, to see the reverse and the same for to close order

you must have the 3 indicators to validate the order at the same time

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BrunoFX... i m impressed by the simplicity of this system. As far as my experience is concerned, the real success in the forex market lies in applying simple trading systems with discipline and consistency. However, a very important part, ie the exit, is still need to be developed.

The problem with exits of trend-following systems is that not all exit strategies work well in different market conditions. An exit strategy which may hve earned u most of trend two or three times, will probably let u out too early the third or fourth time. So basically the point I am trying to clear is we must get settle on anyone way to exit which we are comfortable with. I use many exit strategies, some of which are detailed below...

ATR Exits
I use this one to take a fix no. of pips. Here, I take the value of ATR(14) on the bar/candle I entered my trade and multiply that value by 2,3,4 or 5 depending on the momentum in the market. The resulting value is the no. of pips I take. For e.g. today on GBPUSD, a trade was signaled at 06:30 GMT. The ATR(14) at the time of entry was 0.0014. Multiplying it by 5 gives me 0.0070 or 70 pips. So this becomes my profit target.

BrainTrend2Stop
I often use this indicator for trailing my stop. I think this needs no further explaination. Most of the time i get very good exits.

Pivots Based Exits
Using a combination of Camarilla Pivots and standard pivots can be a very effective way of exiting a trade. This method helps u to catch most of the pips but it requires a little judgement. Once u practice this way of exit, believe me, u wont need another.

Hope this helps everyone. If anybody wants, I can post chart examples.