Forex Dynamite X' (Forex Dynamite X') | Forex indicator download - MT4/MT5 resources
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Hello dear traders, friends and any individual who comes across this post. My name is Varun M and I have been on this forum and market for a while now. I've gotten pretty out of control over the past few months due to some personal issues, but my trading is intact. The reasons for creating this thread are no small, so I hope you'll read to the end to become familiar with the type of posts, analysis, and other information that will be updated in the future.
journey...
I started trading eight years ago but even today when I look at the charts it seems like the first day of the new and just like any other skill the market has its own way of rewarding our sincere efforts and punishing our boasting and I believe that those who can master the art of balance will live a successful life. The journey has definitely been full of ups and downs, but so far has made me realize a lot of things that I want to pass on to this community. My motivation is clear and simple. I want people to see things for what they are and not complicate things with prejudice.
What exactly is this clue about?
For those new to this topic, you might want to take a look at two other topics I started a few years ago. (Links to Thread 1, Thread 2). This thread is a continuation of the journey left behind. Although this thread is a continuation, the resources and information provided can be considered a new beginning, and you will learn all about it as you continue reading.
Before making a trade, first you must have an idea about the trade.
From what I understand, trading is not about the money, it's about the trading itself, and if you do it right, the money will follow. To do it right means that at any given point in time, you must be aware that the trades you execute are based on the information you have collected, through top-down analysis, analyze the risks involved, mark the level of significance, and determine the level of critical interest based on confluence. Only then, executing trades in the direction our analysis tells us, will it be possible to produce very positive results, and even if not, you will be proud of yourself and this will be reflected in another aspect of your life. Here's the deal.
On the other hand, executing trades purely based on gut instinct, trying to overcompensate for losses with big trades, ignoring the high risks involved, and being influenced by factors such as impatience, greed, anxiety, etc., may be labeled a gamble that you may want to avoid.
my motivation
Throughout my life I have sat with some of the greatest minds, each with their own way of reflecting themselves back into the world, mine is to connect more deeply with others because everything else is man-made and not known. With the spirit of unity and the feeling of not being alone, one person can achieve great success and even the rest of the world will be happy about it. I don't know if trading will set you free, but if you trade sincerely, your life experience will certainly change in a very positive way.
system
Fx Dynamite is one of the simplest yet powerful systems you will ever come across, it does not have many indicators and only a few that can give you an idea of the direction of your trade. Before we move on to the rules, there are some basics to know.
Approximate Time - Smaller timeframes are less reliable than higher timeframes and any timeframe below 1 hour should be considered as a reference and not used for trading.
Top-Down Analysis – It is important to carefully look at all timeframes from monthly to hourly charts before considering executing a trade.
(LL, LH) and (HH, HL) - This is a very important aspect of this system, the market always indicates the direction it is moving by making "lower lows, lower highs" and "higher highs, higher lows". More detailed information will be provided in future charts.
Weekly and Monthly Levels - It is essential to know the weekly and monthly levels, these levels determine entry and exit very accurately, price will often hit these levels immediately for a shift.
Divergence - Divergence often gives us a strong confirmation of swing trading. (More on this later)
Indicators - As I said, these indicators contain at least 3 simple moving averages of 34, 55 and 200 periods. In addition to this we have a stochastic oscillator with a period of (10,3,3) and you can also add the MACD of your choice. I found these parameters to be very accurate. For weekly levels you are free to use any indicator available online, the indicators I own are copyrighted so I cannot share them here. I can transfer it to you for free if you want.
Money Management (Risk) - Don't complicate it, the best for me is 0.10 lots per 1000$, I call it medium risk, 0.05 lots is a good start for beginners, only increase it after using this system for a while.
How to trade using this system
I would like to mention that if you start focusing on short-term trading lasting a few days with experienced traders, the choice is yours. There are no specific rules as the circumstances of each trade are always different and you may come across some patterns that look similar, but don't be fooled and jump straight to it.
The first thing we do is mark any major trend lines, support and resistance levels, from monthly to daily, trading setups may occur more frequently than daily on the 4 hours when we get LH after LL in a short case and vice versa. When there is a clear breakout of the LH trendline, the 1 hour TF can be considered to execute the trade. I recommend placing your initial stop loss below weekly support or above weekly resistance, and you can manually close it after a period of time if you find that the trade no longer works.
Settings and entries are explained very well in my other two threads and I recommend you to take a precise visual look at the settings, entries and exits explained above. In this post I will explain it with a live chart, most likely starting tomorrow.
secret
Everyone has a smart brain, we just rely on stupid brains. Any system will give you good returns, it all depends on the brain you use. It's a painful fact that whether it's Forex or any XYZ that exists in this world, the basic principles remain the same. Some people are smart and do very obviously right things and get corresponding results; some people continue to do things they know are wrong, but they blame their failures on anything but themselves. A winning attitude is created not by being inactive, but by taking action and using resources to the best of their ability. If you really want to get good results, you have to do what others don't do. If you are smart enough to understand this, success is yours, my friend.
How much money can you make through this system?
This makes the whole system exciting, but I'm just trying to give you a basic idea of what this system can do, it's not a guarantee. I've provided some real-time statistics from my personal account below just to let you know that what I'm saying is reliable enough for you to continue to believe in what can be achieved with sincere effort. I take as many screenshots of my trades as I can, which I would highly recommend if you are just starting out or even mid-term, it's a great way to review and compare your before and after views. It gives you an edge in your trading style.
The last few words of this article.
Nothing could be further from the truth. Very few things here make me sad, but time heals you and makes you wiser. Whatever you firmly believe and believe can come true, and the same goes for the market, but at the same time you should have enough reasons to support your beliefs. We all have the same situation, but we react in completely different ways. I hope your account will shine with green dots, just don't rush, there are always enough opportunities and always remember, the more you share your ideas, the smarter you will become. Have a nice day, everyone. I look forward to interacting and trading together, please make sure you subscribe to this thread so you are kept up to date with all future posts. cheers.
V
Hello dear traders, friends and any individual who comes across this post. My name is Varun M and I have been on this forum and market for a while now. I've gotten pretty out of control over the past few months due to some personal issues, but my trading is intact. The reasons for creating this thread are no small, so I hope you'll read to the end to become familiar with the type of posts, analysis, and other information that will be updated in the future.
journey...
I started trading eight years ago but even today when I look at the charts it seems like the first day of the new and just like any other skill the market has its own way of rewarding our sincere efforts and punishing our boasting and I believe that those who can master the art of balance will live a successful life. The journey has definitely been full of ups and downs, but so far has made me realize a lot of things that I want to pass on to this community. My motivation is clear and simple. I want people to see things for what they are and not complicate things with prejudice.
What exactly is this clue about?
For those new to this topic, you might want to take a look at two other topics I started a few years ago. (Links to Thread 1, Thread 2). This thread is a continuation of the journey left behind. Although this thread is a continuation, the resources and information provided can be considered a new beginning, and you will learn all about it as you continue reading.
Before making a trade, first you must have an idea about the trade.
From what I understand, trading is not about the money, it's about the trading itself, and if you do it right, the money will follow. To do it right means that at any given point in time, you must be aware that the trades you execute are based on the information you have collected, through top-down analysis, analyze the risks involved, mark the level of significance, and determine the level of critical interest based on confluence. Only then, executing trades in the direction our analysis tells us, will it be possible to produce very positive results, and even if not, you will be proud of yourself and this will be reflected in another aspect of your life. Here's the deal.
On the other hand, executing trades purely based on gut instinct, trying to overcompensate for losses with big trades, ignoring the high risks involved, and being influenced by factors such as impatience, greed, anxiety, etc., may be labeled a gamble that you may want to avoid.
my motivation
Throughout my life I have sat with some of the greatest minds, each with their own way of reflecting themselves back into the world, mine is to connect more deeply with others because everything else is man-made and not known. With the spirit of unity and the feeling of not being alone, one person can achieve great success and even the rest of the world will be happy about it. I don't know if trading will set you free, but if you trade sincerely, your life experience will certainly change in a very positive way.
system
Fx Dynamite is one of the simplest yet powerful systems you will ever come across, it does not have many indicators and only a few that can give you an idea of the direction of your trade. Before we move on to the rules, there are some basics to know.
Approximate Time - Smaller timeframes are less reliable than higher timeframes and any timeframe below 1 hour should be considered as a reference and not used for trading.
Top-Down Analysis – It is important to carefully look at all timeframes from monthly to hourly charts before considering executing a trade.
(LL, LH) and (HH, HL) - This is a very important aspect of this system, the market always indicates the direction it is moving by making "lower lows, lower highs" and "higher highs, higher lows". More detailed information will be provided in future charts.
Weekly and Monthly Levels - It is essential to know the weekly and monthly levels, these levels determine entry and exit very accurately, price will often hit these levels immediately for a shift.
Divergence - Divergence often gives us a strong confirmation of swing trading. (More on this later)
Indicators - As I said, these indicators contain at least 3 simple moving averages of 34, 55 and 200 periods. In addition to this we have a stochastic oscillator with a period of (10,3,3) and you can also add the MACD of your choice. I found these parameters to be very accurate. For weekly levels you are free to use any indicator available online, the indicators I own are copyrighted so I cannot share them here. I can transfer it to you for free if you want.
Money Management (Risk) - Don't complicate it, the best for me is 0.10 lots per 1000$, I call it medium risk, 0.05 lots is a good start for beginners, only increase it after using this system for a while.
How to trade using this system
I would like to mention that if you start focusing on short-term trading lasting a few days with experienced traders, the choice is yours. There are no specific rules as the circumstances of each trade are always different and you may come across some patterns that look similar, but don't be fooled and jump straight to it.
The first thing we do is mark any major trend lines, support and resistance levels, from monthly to daily, trading setups may occur more frequently than daily on the 4 hours when we get LH after LL in a short case and vice versa. When there is a clear breakout of the LH trendline, the 1 hour TF can be considered to execute the trade. I recommend placing your initial stop loss below weekly support or above weekly resistance, and you can manually close it after a period of time if you find that the trade no longer works.
Settings and entries are explained very well in my other two threads and I recommend you to take a precise visual look at the settings, entries and exits explained above. In this post I will explain it with a live chart, most likely starting tomorrow.
secret
Everyone has a smart brain, we just rely on stupid brains. Any system will give you good returns, it all depends on the brain you use. It's a painful fact that whether it's Forex or any XYZ that exists in this world, the basic principles remain the same. Some people are smart and do very obviously right things and get corresponding results; some people continue to do things they know are wrong, but they blame their failures on anything but themselves. A winning attitude is created not by being inactive, but by taking action and using resources to the best of their ability. If you really want to get good results, you have to do what others don't do. If you are smart enough to understand this, success is yours, my friend.
How much money can you make through this system?
This makes the whole system exciting, but I'm just trying to give you a basic idea of what this system can do, it's not a guarantee. I've provided some real-time statistics from my personal account below just to let you know that what I'm saying is reliable enough for you to continue to believe in what can be achieved with sincere effort. I take as many screenshots of my trades as I can, which I would highly recommend if you are just starting out or even mid-term, it's a great way to review and compare your before and after views. It gives you an edge in your trading style.
The last few words of this article.
Nothing could be further from the truth. Very few things here make me sad, but time heals you and makes you wiser. Whatever you firmly believe and believe can come true, and the same goes for the market, but at the same time you should have enough reasons to support your beliefs. We all have the same situation, but we react in completely different ways. I hope your account will shine with green dots, just don't rush, there are always enough opportunities and always remember, the more you share your ideas, the smarter you will become. Have a nice day, everyone. I look forward to interacting and trading together, please make sure you subscribe to this thread so you are kept up to date with all future posts. cheers.
V
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