The SONS Method | Forex indicator download - MT4/MT5 resources - MetaTrader 5 resources

Goal: Develop new methods that fit my personality. There is no Holy Grail.. but to win big, play it safe, no more uncertainty, wait for the big chance and go all-in, just like holding a straight flush/royal flush in poker!

About SONS (for GBPJPY)
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“SONS” = To strike or not to strike!

There is no element of "I think..., there are no indicators... visible to the naked eye!"
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One thing our brains like to do is use previous events and data to predict upcoming events (represented by indicators).
Our minds are conditioned to do this. When we start learning and trading Forex, it does so much more because we "think" predictions are an important part of Forex trading, rather than being shown on a chart by a trading system.
You should learn to ignore your mind's predictions and only see what's right in front of you. You look at the chart. Draw your lines. Analyze market trends and if there is a trade setup, you take a position. Without a trade setup, you can simply move to another chart or currency pair.
"It's about taking action based on some rules and signals. Just like when you drive. If you see a red light, you stop. If you see a green light, you go."
Technical analysis core

Reasons for choosing GBPJPY:
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"GBP/JPY: The King of Currency Pairs for Private Forex Traders. Why: It is highly volatile and strong. Its trading signals are sharp and strong (easy to form chart patterns) and have a wide range of moves."

P/s: Only using FXCM Metatrader 4 broker provides sharper and more accurate signals. If you find any broker that provides signals as good as FXCM broker, please leave a comment.

How this method works:
1) Settings:-
Download the file and follow the instructions.
2) Use the template I prepared to create 3 charts for GJ, 1 chart for H4, and 2 charts for H1.
H4 chart
H1 chart (automatic rotating plotter)
H1 chart (FiboPiv--rarely used, but I'll explain this in a future post)

3) Implement it!
Step 1. The H4 chart only recognizes double bottom/triple top, RH@S or double top/triple top, H@S patterns! (Double bottom in this case)
P/s: Use rectangle/flag/pennant/triangle to be more sure of the trend Tip: The distance between double peaks may exceed 23 hours/24 hours/1 day.
http://img855.imageshack.us/img855/7422/80201496.gif
Step 2:
Switch H4 chart to H1 chart (by pressing candle button + H1 button)
http://img708.imageshack.us/img708/8184/31320651.gif

http://img442.imageshack.us/img442/6918/46728834.gif

Step 4: Compare it to another H1 chart (Auto Pivot Plotter) and use the trend line to draw a double bottom flat line (in this case)
Tip: The distance between double peaks may exceed 23 hours/24 hours/1 day.
Triple top/bottom + head and shoulders bottom (see picture below)
http://img845.imageshack.us/img845/567/42544484.gif

Tip: The distance between double peaks may exceed 23 hours/24 hours/1 day.
Triple Top/Bottom + Head and Shoulders Bottom/Inverse H&S (see chart below)

Step 5: Use pivot+7Eleven (8-11candle~can be confirmed after 12 noon every day) to identify possible entry points~
You can register after 2.30pm (Malaysian time +8) but how? : Double Bottom/Triple Bottom + R H&S : Secure candle pivot point from 8am to 11am. Even a candle whose wick touches the pivot or crosses the pivot point is considered invalid.
Double Top/Triple Top + H&S: Ensure candle pivot points from 8am to 11am. An even number of candle wicks touching the pivot or crossing the pivot point are also considered as VOID.
http://img217.imageshack.us/img217/7696/97640010.gif
Notice:
Non-Farm Payrolls News @First Friday. No deal so..Tyler!

How to make a profit? :
1. Simple stop-profit method (STPM): "??Profit of lot size =??Margin requirement of lot size --> Definitely exit!"
Example 1:
Margin requirement: $750,000.. Profits must not exceed $750,000...! Remember ~ proceed with caution!
2.
Stay tuned~

Investment warning statement:
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Trading foreign exchange carries a high degree of risk and may not be suitable for all investors. There is a possibility that you may lose some or all of your deposited funds, therefore you should not speculate with capital you cannot afford to lose. Before deciding to trade, you should carefully consider your goals,
Financial situation, needs and experience level. You should be aware of all margin risks associated with trading. I provide general advice only and do not take into account your objectives, financial situation or needs.
The content of this article should not be construed as personal advice.
By using the methods in this article, readers agree not to view me as the owner of decisions based on:
Information contained in forum posts. As the owner of this article, I strongly recommend that when making a previous decision, readers gather several opinions related to the decision and verify the facts from at least three independent sources. Trading is a risky business, so you should not make a decision based solely on the information found in this article.

Material statement:
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I, as the owner of this post, take no responsibility for any third party and do not endorse or recommend any third party infographics, charts or graphs posted on the post in addition to my original chart, nor am I responsible for the content provided by their authors. You will not hold me, the owner of this post, its subsidiaries and/or affiliates responsible for illegality or any errors and inaccuracies. I don't have my own pivot indicator (Auto Pivot+FiboPiv), these two indicators were found online.

P/s: About me, a common worker in Malaysia, collecting funds to start my real account trading.
SONS Facebook page: http://www.facebook.com/lambor7e