Hi,

This is an example how to handle trade on price fall for USD/JPY.

Buy limit at Daily Fall with discounted position to make sure position will be opened by its spread.

And then lock position by s/l above trade price. 

Hi,

Here is a screenshot on the date July 29, 2014

We need to understand first how to  identify true-breakout. Because many people often trapped on false breakout :)

Please take a look the screenshots below. 

1. I prefer to use buy-limit on current Support below,

2. If price can't reach current Support, then we need to wait previous candle body above trendline key-breakout. But if your brokers doesn't matter with slippage, then we can put stop-oder above last-high at orange circle (I did not recommend it).

Kind regards,

Yohana. 

ps.

Next update :

USD USDX) and Euro (EURX) power index.

This will make more comfort, supported by information about which stronger between USD  and Euro.

Hi,

Thanks for using SR KeyBreakout & Jump/Fall levels. 

On chart properties - common, please checked "Show Object Descriptions"

or you can please use my template clean-chart.tpl 

Kind regards,

Yohana 

Hello,

For first time before use of all my indicators, please open chart for H4, D1, W1 and MN, and wait until chart refreshed. 

Although we can use H1 for short-term trades, I recommend to use H4 for trade.

Regards,

Yohana 

Automated down-trendline acting as Support

Please don't sell on bottom even on bearish action :)  

Hi knighttrader,

Thanks for your questions.

I will explain it as simple as I can write here, and also please take a look for some screenshots above.

1. Basic strategy is to handling Support and Resistance (S/R). This is mean we should Buy at Support and Sell at Resistance.

2. When necessary we can Buy on breakout  (after confirmation of low 1 & 2) or sell on breakdown (after confirmation of high 1 & 2).

3. Sell on the limit at Jump levels, or Buy on the limit at Fall levels.

4. Limit Jump and Fall levels are immediate S/R that created for Daily jump/fall for Intraday trade and H4 jump/fall for Scalping trades. 

5. Because of price jump/fall could be too fast, I recommend to use limit-order, and lock position after some pips running.

6. On the next update, this indicator will provide power index of USD and EURO. It mean, we can easier to detect which stronger between USD and EURO. On current situation for screenshot below on Friday Aug 8, 2014, Euro index is stronger than USD.  And it is good opportunity to Buy-Limit for EUR/GBP, EUR/AUD, EUR/USD, and so on for each Support level or at fall levels that available the chart automatically and real-time.

7. Trader Assistant (TA) is a Semi-Automated EA that work for managing trade positions that was developed in a decade with complete trading management. I will explain more details for this TA when I wish to sell it later. 

Kind regards,

Yohana

ps.

Yes,

Before price up to trendline, we can early signal to "true-breakout" when we have 2 previous low (1) (2).

and pushed by EURx stronger than USDx also. 

Thanks 

Could you explain a little bit more about the Jump levels?  What is the difference between Jump levels and current S/Current R levels?

Also, will your indicator work on the Strategy Tester? 

Hi,

Jump/Fall levels could be reached by special event such as pre or post of economic event or speech by chairman/chairwoman of the central banks. Majority before price continue its higher trend, then jump/fall levels is good opportunity to sell from jump levels or buy from fall levels.

So, Jump/Fall levels is recommended only for a jolt and high volatile. Not for slow movement.

And Support is able to use for both, jolt or low volatile. (You will find more complete of S/R levels when you use A2SR. )

As we know that backtester can't read other time frame for another pair at the same time. But A2SR and its variants is  a resume of trading management that we explored more than a decade into a program. And here https://www.mql5.com/en/signals/51558 is a guide for A2SR users.

Also, this is an important thing before facing the market. Trading currencies is not easy. Must need a tool that is in accordance with the way the market works. Namely major Support and Resistance as a sign of the beginning of a new trend changes. Even still not enough. Still needed again someone who has a good psychology. In race of MotoGP, if 2 people even use the same motorcycle will never have the same time results as they come in at the finish line. But at least we now have a good racing motorcycle. Now, it's time to learn controlling psychology.  :)

Kind regards,

Yohana 

Yes, 

It is being processed by MQL5 for upgrade to v.1.6 (power index  of USDx and EURx)

Maybe get it done on Monday.

Thank you,

Yohana 

Hi Yohana

Just purchased your indicator but it doesn't display any explanation/ description on the lines?

Thank you. 

Hi Paulus,

Thanks you.

To show the description is by checked (enabled) Show Object Description by right click on the chart - Properties - Common

or use my template https://c.mql5.com/31/34/clean-chart.tpl by downloading the files above (in this conversation above).

Kind regards,

Yohana

ps.

Also I have major Support for EUR/USD and other pairs as I expect as turning point for new trend, so because of you are as a buyer of my product then I will share my trading plan to you (Swing trade). As you wish you can send me your request to my email that shown at my profile. I will reply it soon as possible. May God bless you.