FOREX STRATEGY (KOBAS).pdf

KOBASFX

STRATEGY

Obaseki O. A.

Email: fxextract@yahoo.com

Phone: +234 8056055812

Obaseki O. A. Email: fxextract@yahoo.com Phone: +234 8056055812

I am not going to bore you by telling you things that are not important. Like my sister

always say and I quote “Keeping it simple is the best rule for any game”. I have been

trading for quite sometime now and I must tell you, the journey has been so interesting.

Although when I started, it wasn’t easy but due to the passion, I found my way in. Along

the line, I became a fund manager for some private investors which I decided to call it

quit few months ago because I was relocating. It wasn’t easy because I was always

looking for trades. The experience has made me to decide that I would only manage

funds for maybe a financial institution if given the opportunity.

When I started trading, I lost a lot of money due to so many factors before my eyes were

opened. Along the line, I was a able to develop strategies which one of them I will be

sharing with my fellow traders here and below.

The strategy is very simple and it is called KobasFX. I will explain everything here but

incase you would want me to explain to you one on one or would want me to tutor you on

Forex trading, then you would have to pay a token for that.

KOBAS STRATEGY

Timeframe: Any (but I recommend from 15 minutes chart and above)

Indicators: Moving averages (Exponential)

i. Period 5 (Yellow)

ii. Period 10 (Magenta)

iii. Period 15 (Red)

iv. Period 65 (White)

MACD (Default settings)

You can also change the colors to Red and Dark Turquoise as shown

below.

Obaseki O. A. Email: fxextract@yahoo.com Phone: +234 8056055812

Entry Signals

The signals are classified into 5 sentiments for the indicators

i. Bullish

ii. Bearish

iii. Consolidation

iv. Bullish Consolidation

v. Bearish Consolidation

Which means that the moving averages and the MACD can give signals based on any of

the 5 sentiments.

Although, we have four Exponential moving average indicators but, I will classify them

as two different indicators i.e, 5, 10 and 15 as one and then 65 as another indicator for our

signals.

Obaseki O. A. Email: fxextract@yahoo.com Phone: +234 8056055812

We now we have:

Indicator 1 - EMA (5, 10, 15)

Indicator 2 - EMA (65)

Indicator 3 - MACD with Red and Dark Turquoise colors.

SIGNALS FOR EACH INDICATOR

Indicator 1: Whenever there is a crossover of the three EMA (5, 10, 15), then wait until

they split distinctively according to the periods or colors as shown on the

chart, then a BUY or SELL is confirmed depending on the direction at that

point in time (Bullish or Bearish).

If they are all together, that means consolidation.

Indicator 2: Check the angle of the 65 EMA

Upward angle: Bullish (BUY)

Downward angle: Bearish (SELL)

Flat: Consolidation (NO TRADE)

Indicator 3: MACD

Red line is the MACD signal line

Dark Turquoise bars are the MACD cloud

Zero level (0.00) separates BUY/SELL regions

If the Red line is above the zero level (0.00), that means BUY (Bullish) but if it is

below the zero line it means SELL (Bearish).

If the Dark Turquoise bars are above/below the zero line, that means BUY

(Bullish)/SELL (Bearish).

If the MACD signal line (Red line) is inside the MACD cloud (Dark Turquoise),

above/below the zero (0.00) line, that means BUY(Bullish)/SELL(Bearish).

Obaseki O. A. Email: fxextract@yahoo.com Phone: +234 8056055812

If the MACD signal line (Red line) comes out from the MACD cloud (Dark

Turquoise) above/below the zero (0.00) line, that means Bullish

consolidation/Bearish consolidation.

Now, let me bring everything together. You must make sure that you consider these five

sentiments before taking a trade:

i. Check the three EMA (5, 10, 15).

ii. Is the market trading above or below the white line (65 EMA)?

iii. Check the angle of the white line (65 EMA).

iv. Check if the MACD signal line (Red line) is above/below the zero(0) level

v. Check if the MACD signal line (Red line) inside the MACD cloud.

Let’s apply all the rules on the market and see:

As you can see on the chart above, the 3 EMA (5, 10, 15) separated (SELL) and the

candles are below the white line (SELL) . The white line (65 EMA) was angling down

Obaseki O. A. Email: fxextract@yahoo.com Phone: +234 8056055812

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