bnaimy
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Hello everyone, its been along time since i have posted anything on the forum and i though i should my current trading method that i trade the YM with.
This method can be used with the NQ and ES as well, with a few easy modifications, but i am personaly using it on EMINI YM.
I will from time to time also post possible trades on charts that you could have taken by using this method and then answer questions incase anyone is wondering. And if there are any questions regarding the method, or if anything is unclear then just ask away.
At the bottom of this post there are a few videos that explain the basics and how to use it , i am sure there are a few things i have left out, if so then just ask.
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Bashir Naimy’s Trading system
Charting setup:
• 1000 tick candlestick chart +15 exponential moving average
• 4000 tick candlestick chart +14 simple moving average
• 5min chart with a basic volume indicator
• 200 tick candlestick chart with slow stochastic (only slow d-line), overbought level 80 and oversold level 20
• 30min chart with slow stochastic (settings 10.3.2)
Fixed rules, that can’t be broken
•Never go long if the 200 tick chart’s slow stochastic is above 80 level
•Never go short if the 200 tick chart’s slow stochastic is below the 20 level
•If price does not make a new high from the previous swing high on the 1000tick chart then you would not take any longs, the top of that swing and the bottom of that swing is not restricted area and should not be trades. Only when it makes a new high or goes below the swing low can you try to find a new entry.
•If price is coming down on heavy selling volume to your level that you want to go long, then cancel your buy. Instead look for a major support further down.
•If the 14 SMA on the 4000tick chart is slopping up, then your long term bias is to the long side.
•If the 14 SMA on the 4000tick chart is slopping down, then your long term bias is to the downside.
•If the 15EMA on the 1000tick is slopping down, then short term bias is to the downside.
•If the 15EMA on the 1000tick is slopping down, then short term bias is to the downside.
Additional information about the method
When always buying based on the long term bias, then it most cases the 30min stochastic will be going against you, this is perfectly fine. There is only one thing to watch out for; when market is coming down close to your entry point it should be coming down on low selling volume. The initial down move will be on good selling, but when it gets close it should get a lot lower. If volume is still high you know that the market is not willing to stop at that level, and will most likely search for a lower level. Keep that in mind when trying to go long based on the long term bias, and against the 30min stochastic.
Also when going long or short based on the long term bias, the short term trend (15 EMA) will be against you. Nothing to worry about as that is expected. Just keep your cool and don’t panic.
When the long term trend (14 SMA) is flat or not really slopping in any direction then you must base your long and short term bias on the short term trend, and in cases like that, always have the 30min stochastic on your side.
How do I find my short and long entry you are talking about!
We use the good old eyes and some simple thinking to find these levels and we also use Fibonacci levels to confirm our trade and to give use a specific try.
And we also gauge our 200tick stochastic to find the most favorable levels in the market and how to time this.
I will post a video very shortly were I will give examples and try to explain how to do this. Reading it only is not optimal and as human beings we need examples and some more visual help to archive this.
********************************************************
********************************************************
******************
Charting Setup
******************
YouTube - Chart Intro
******************
Indicator Intro
******************
YouTube - Indicator
******************
S/R Intro
******************
YouTube - SR intro
*************************************************************************
*************************************************************************
I will post a new video tomorow with excamples and how to actualy trade this and what to look for and what not to look for. And more practical information that will help you figure it out.
With kind regards
Bashir Naimy
This method can be used with the NQ and ES as well, with a few easy modifications, but i am personaly using it on EMINI YM.
I will from time to time also post possible trades on charts that you could have taken by using this method and then answer questions incase anyone is wondering. And if there are any questions regarding the method, or if anything is unclear then just ask away.
At the bottom of this post there are a few videos that explain the basics and how to use it , i am sure there are a few things i have left out, if so then just ask.
*******************************************************************
*******************************************************************
Bashir Naimy’s Trading system
Charting setup:
• 1000 tick candlestick chart +15 exponential moving average
• 4000 tick candlestick chart +14 simple moving average
• 5min chart with a basic volume indicator
• 200 tick candlestick chart with slow stochastic (only slow d-line), overbought level 80 and oversold level 20
• 30min chart with slow stochastic (settings 10.3.2)
Fixed rules, that can’t be broken
•Never go long if the 200 tick chart’s slow stochastic is above 80 level
•Never go short if the 200 tick chart’s slow stochastic is below the 20 level
•If price does not make a new high from the previous swing high on the 1000tick chart then you would not take any longs, the top of that swing and the bottom of that swing is not restricted area and should not be trades. Only when it makes a new high or goes below the swing low can you try to find a new entry.
•If price is coming down on heavy selling volume to your level that you want to go long, then cancel your buy. Instead look for a major support further down.
•If the 14 SMA on the 4000tick chart is slopping up, then your long term bias is to the long side.
•If the 14 SMA on the 4000tick chart is slopping down, then your long term bias is to the downside.
•If the 15EMA on the 1000tick is slopping down, then short term bias is to the downside.
•If the 15EMA on the 1000tick is slopping down, then short term bias is to the downside.
Additional information about the method
When always buying based on the long term bias, then it most cases the 30min stochastic will be going against you, this is perfectly fine. There is only one thing to watch out for; when market is coming down close to your entry point it should be coming down on low selling volume. The initial down move will be on good selling, but when it gets close it should get a lot lower. If volume is still high you know that the market is not willing to stop at that level, and will most likely search for a lower level. Keep that in mind when trying to go long based on the long term bias, and against the 30min stochastic.
Also when going long or short based on the long term bias, the short term trend (15 EMA) will be against you. Nothing to worry about as that is expected. Just keep your cool and don’t panic.
When the long term trend (14 SMA) is flat or not really slopping in any direction then you must base your long and short term bias on the short term trend, and in cases like that, always have the 30min stochastic on your side.
How do I find my short and long entry you are talking about!
We use the good old eyes and some simple thinking to find these levels and we also use Fibonacci levels to confirm our trade and to give use a specific try.
And we also gauge our 200tick stochastic to find the most favorable levels in the market and how to time this.
I will post a video very shortly were I will give examples and try to explain how to do this. Reading it only is not optimal and as human beings we need examples and some more visual help to archive this.
********************************************************
********************************************************
******************
Charting Setup
******************
YouTube - Chart Intro
******************
Indicator Intro
******************
YouTube - Indicator
******************
S/R Intro
******************
YouTube - SR intro
*************************************************************************
*************************************************************************
I will post a new video tomorow with excamples and how to actualy trade this and what to look for and what not to look for. And more practical information that will help you figure it out.
With kind regards
Bashir Naimy
