The Rapheal Simple Strategy For Experts

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The Raphael Simple Strategy – Simple, for Experts

Full Review of The Raphael Simple Strategy for Binary Options

The Raphael Simple Strategy is one that may have real potential. I may even be able to endorse it except for one thing. The author has not presented his case in a way that the average reader can understand. I think what allows me to see into the strategy is my experience with writing/editing and also with the type of trading he is doing.

The problem is that the Raphael is not a native English speaker. This becomes evident upon reading the body of the text. Early on, grammatical errors only point to a bad writer. Later, the one continuous run on sentence that is the body of his argument is compelling once deciphered but impossible for any but an experienced trader to understand.

There are also no charts, tables or diagrams to visually support the strategy. We are all technical traders here and charts are what we do. One chart with a few arrows would go long way to broaching the gap between his words and his meaning. I believe I know what the goal is and I have opted to attempt a translation.

Once Again Folks, The Raphael Simple Strategy!

This strategy is an ultra-short term trading system that comes close to scalping. It is a disciplined approach to short term trading and one that I think has real potential for significant gains. It is based on a 3 time frame view of the markets and attempts to capitalize on short term market reversals. Traders are instructed to use charts of 1 hour closing bars to determine trend and then narrow their focus down from there. The next step narrows down to charts of 15 minute bars. This step is called the confirmation but I think that is a misnomer. The first chart is for trend and the second chart is projecting the next support/resistance and potential areas for price reversal. The last charts are 5 minute bars and this is the chart where entries and exits are determined.

The strategy relies on RSI and Stochastic for trend determination and again I assume with the “confirmation” of reversals. The only parameters he gives for the indicators though is that RSI should be below or above 50 when the markets are trending down or up respectively and that Stochastic should be in line with that. I think a little more should be said about this however. These indicators are great for short term trading and could possibly be making a number of different signals. If these two indicators are indicating strength and in agreement with each other then the Raphael Simple Strategy is inappropriate. The RSI should confirm the trend by moving lower or higher with the markets with successive peaks/troughs AND be above or below the signal line. Stochastic should support the trend but rolling over and/or diverging from that trend. Stronger signals will come when these indicators are both diverging from the hourly trend.

So, with the RSI and Stochastic both diverging from trend on the hourly charts you can drill down to the 15 minute charts, AFTER you draw your support and resistance lines. It may even be wise to go out to a daily chart to draw these lines. Once you have your support/resistance lines drawn you can go down to the 15 minute charts. Analyze these again and draw any lines that look relevant. As price approaches support/resistance watch for signs of weakness and market reversal. The author says that “the more I noticed more candles at that point the more I see how strong I can believe that trade”. I think what he means is that if price stops at the expected line, and candles confirm reversal, you can now narrow the focus to 5 minute charts and look for an entry.

Using the 5 minute charts look for the next available Stochastic buy signal to get. Then you can “ride it until it becomes overbought or oversold again”. This is about the easiest thing to understand out of the whole piece. After you determine trend on the hourly charts and confirm a market reversal on the 15 minute charts you can then use stochastic to determine entry points on the 5 minute charts. Any dip/peak in stochastic will be an entry, depending on market direction. Until it becomes overbought… or diverges from price.

Why This Strategy Sucks

The Raphael Simple Strategy sucks because it is very poorly written, makes almost no sense and does little to enhance the on line trading community. That’s it. I have to ultimately grade this one on its quality as a published work and not on it’s content. The purpose of these forums, articles and strategies is to progress the education and experience of us all and this does neither. I would like to see websites like forex-strategies-revealed.com to do a little screening and prevent items like this from getting published. I guess that’s why Google developed the Panda and Penguin updates.

Why This Strategy Doesn’t Suck

My apologies to you, Raphael, for being so hard on your post. It seems as though you do have a good knowledge of trading. I think this strategy is sound and comes with a hairsbreadth of my own trading systems.

My Last Word On The Raphael Simple Strategy

Once decoded the Raphael Simple Strategy is one that works. The only negative is that you have to be well versed in trading to decipher the text. Once a trader knows enough about trading to understand what Raphael is saying it won’t matter, they will be able to devise this strategy on their own.

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The Rapheal Simple Strategy For Experts

If you want to try out a simple but more fruitful strategy, you can use the Raphael Simple Strategy. To start off with, it is ideal to warn you that you should not expect too much from the site primarily because it does not come with diagrams, tables, and charts. Yes, for technical traders like us, we greatly depend on charts. A single chart with many bar or arrows can go a long way for us. It might sound bad to start a review with some pessimistic notes but it pays to wait for the good stuff. Anyway, here are many good and some bad features about the Raphael Simple Strategy.

RAPHAEL IS A VERY SHORT TRADING SYSTEM

It is a very well controlled method for trading short term. It has a great potential for specific gains. It is structured according to a three time frame market view and it also tries to profit on reversals of short term markets. As a trader you are advised to use charts with one hour closing bars in order to identify trends. From here, you can narrow your focus. After this follows a chart of fifteen minute bars which is called “confirmation.” The first trend shows the trend while the second chart projects resistance and support and price reversal potential areas. Last charts are five minute bars where entrance and exits are known.

Stochastic and RSI. Strategy and RSI relied on these two for determination of trend and for reversal confirmation. When you opt for short term trading, these indicators can be trade. This can also create numerous and varied signals. The Raphael Strategy would be useless if the two indicators show strength. It would also be useless if they agree with each other. It is a must that the RSI must confirm trend by moving higher or lower with market and it must be with continuous troughs, peaks, and must be below or above signal line. The moment indicators diverge from a its hourly movement, that is when stronger signals start coming.

Thus, when Stochastic and RSI diverge from its trend as seen on hourly charts, you can grind them down to fifteen minute charts. However, you need to do this when you draw your resistance and support lines. It is even wiser to look at daily charts and draw lines. When you have drawn your resistance and support line, you can then go to the fifteen minute charts. You can evaluate this over again and then draw lines that may seem significant. Moreover, you have to look for signs of market reversal and signs of weakness as price comes near resistance and support. This means that when the price halts at the line expected and candles verify their reversals, you can then thin down the focus to five minute chart and then find an entry.

With the five minute charts, you can then locate the next available buy signal for Stochastic. You can then go with its flow when it again become oversold. When you identify the trend on hourly charts and you have confirmed market reversal on the fifteen minute chart, you can then make use of stochastic to identify entry points on the five minute charts. Peak and dips will mean an entry but this depends on the market direction.

WHY IS THE RAPHAEL SIMPLE STRATEGY BAD?

The main reason why the Raphael Simple Strategy is not so good it that it is very badly written. It is close to nonsense and does not do any upkeeps to deal with trader’s demands

WHY IS RAPHAEL SIMPLE STRATEGY GOOD?

Raphael’s strategy does not suck that much after all. The strategy does show that the maker has real deal knowledge on trading. This strategy is quite sound and useful. You can simply try it if you want a more interesting way to trade. Generally, this is something that truly works. You just need to be equipped with real trading knowledge in order to decode the texts. When you understand trading deeper then you can disregard what Raphael is saying. You can even creat your very own strategy.

Forex trading strategy #24 (Raphael’s simple strategy)

Submitted by Ebunoluwa Raphael

I used this on 3 time frames and this are hour, 15mint and 5mint chart at least for an intra day trader.

1 hour – trend
15 mint – confirmation
5mint for entry and exit

RSI on hour chart below or above 50 depending on where price is going at that point in time.

Stochastic on hour chart should be in line with your RSI that mean should face the direction of RSI.

You now carry the microscope down to 15mint, plot pivot point on that chart and what you will do is to relax my favorable way of using this is i look for a major turning point after i had noticed my hour chart like what i explained above price at R3 or S3 or price weakness at verse versa and the more i noticed more candles at that point the more i see how strong i can believe that trade.

Last is 5mint i will look for fresh move on stochastic and ride it until it becomes oversold or overbought again depending where the price is going also and exit.

Ebunoluwa Raphael
08036094245

Edward Revy,
http://forex-strategies-revealed.com/

Copyright © Forex Strategies Revealed

Dude, you are in need of real help with your writing. I think I understand what you are doing and it seems like a valid strategy with real use. However, I am sure that most people who read this are asking themselves “what the ####” because it is nearly impossible to comprehend your message. Please work on your english skills and organize your thoughts, then come back and I believe your strategy will get good reviews.

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