KororFX Intraday Strategy
Technical Analysis technique
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Contents
• Introduction of this Technique
• Special SOP
• Three Engulfing elements for this Technique
• Buy Setup & Sell Setup
• How to Analysis Engulf with FIBO
• RISK Reward
• Summary
Peace be upon you & it’s great pleasure to meet you…
A few words of welcome from me about this technique:
a) This technique is the result of my understanding of candlestick
movement conditions and processed slightly from in terms of name
and presentation to make it easier and clearly understood.
b) Not 100% Accurate and it should be noted that the technique this is
just predicting and finding the best entry point only
c) Control of money management is deep control and calculations have
their own.
Introduction of this Technique
This technique is suitable for Intraday traders. Because of Technique this is just Focus
on Time Frame H4. Each Entry, Stoploss, and Take Profit based on H4 Time Frame.
KIS-SOP:
1. Open the Chart and Open the H4 Time Frame.
2. Look for Big Engulf Candles.
3. Marking the Small Candle before the Engulf Candle This technique is suitable for Intraday traders.
Because of Technique Stoploss, and Take Profit based on H4 Time Frame. this is just Focus on Time
Frame H4. Each Entry, Introduction to the Set & Forget Technique
4. Set Pending Order Sell/Buy Limit.
5. Take Profit KIS System Risk: Reward
6. Wait for the Price Pullback or Return to the Entry Place and Triggers .
Three Engulfing elements for this Technique
Bearish Engulf Small Candle Stick = Base Bullish Engulf
Three Engulfing elements for this Technique
Engulfing Pattern
Base Candle/s
Bullish Engulf Candle
Bearish Engulf candle
Base Candle/s
Three Engulfing elements for this Technique
Candle Engulf / KIS-system Features:
1. Long or Large Candle.
2. Have a Short Shadow
3. Wide range of pips from high to low (min 50pips).
Small Candle Features:
1. In Supply and Demand known as Base.
2. Base = Sideway.
3. Not much movement
-Sideway is also a zone where many buyers and sellers carry out transactions. This
zone will be used as a Place to Set Entry Pending Order Limit.
Buying Setup Target Profit
All Setups are based on 4h Timeframes:
Setup To Buy:
NOTE: Bullish Candle
Significant Rally
Stop loss: You can place it lower than the lowest Shadow.
Target Profit at the End of the Shadow or at the Body Close of Engulfed Candle.
Entry Buy Limit
We use Base Candle/s to
place Pending positions .
Stop-Loss
Types of good Small Candle Entry
Best Buying Setup At H4 TF
Target Profit
Entry Buy Limit
Stop-Loss
Notes
*If the Shadow is small the length is almost 50% of the Body candle Engulf please
make a small Body as your Entry Place.
If the Shadow is Small and Long for Buy Setup:
Set Buy Limit at Opening Price of engulfed candle
This is because the Best KIS setup and it is more about taking care of Money
Management. Risk: Reward. If you put Pending Order in the shadow long , Stoploss
and Entry distances are quite large and cause High floating. so Set Pending Order Buy
limit, Stop loss, above H4 Engulfed candle for Target Profit if Buying setup :
Step By Step : Buying Setup
1. Open Chart H4
2. Marking Bullish Engulfed Zone
3. Change to Time Frame H1
4. Marking Zone Engulf in side 4h Zone
Step 1: 4H Engulfed Zone
Live Example Link
Step 2: 1H Engulfed Zone in H4 EG Candle
Live Example Link
Step By Step : Buying Setup SOP
After
Before
Best Setup Entry for Buy
RISK:REWARD
Among the setups I recommend for entry are:
Ratio 1:3 and 1:2. Because it gives a more beautiful return compared to 1:1.
A larger candle shows Price . The past history has a strong movement.
Extra Example
Selling Setup
Stop-Loss
Entry Buy Limit
We use Base Candle/s to
place Pending positions .
All Setups are based on 4h Timeframes:
Setup To Buy:
NOTE:
Bearish Candle
Significant Drops
Stop loss: you can place it above engulfed candle’s Shadow/wick.
Target Profit at the End of engulfed or at the Body Close Candle of EG.
Target Profit
Types of good Small Candle Entry
Best Selling Setup At H4 TF
Stop-Loss
Entry Buy Limit
Target Profit
Notes
*If the Shadow is small the length is almost 50% of the Body candle Engulf please
make a small Body as your Entry Place.
If the Small Shadow is Long for Sell Setup::
Set Sell Limit at Opening Price of engulfed candle
This is because the Best KIS setup and it is more about taking care of Money
Management. Risk: Reward. If you put Pending Order in the shadow long , Stoploss
and Entry distances are quite large and cause High floating. so Set Pending Order Buy
limit, Stop loss, above H4 Engulfed candle for Target Profit if Buying setup :
Engulfed zone
Base = Limit Order zone
Engulfed Candle
Engulfed zone
BEFORE AFTER
BEST SELLING SETUP
RISK:REWARD
Among the setups I recommend for entry are:
Ratio 1:3 and 1:2. Because it gives a more beautiful return compared to 1:1.
A larger candle shows Price . The past history has a strong movement.
Extra Example
Try to observe each Engulf candle that I marked.
What was Price's reaction when he arrived at the Marking Zone earlier?
Minimize Stoploss Using H1 SELL SETUP
Reduce risk (stop loss distance) and increase reward (Target Profit)
= 30 pips
1H ZONE
4H ZONE = 50 pips
Refined to 1H
4h TF
1h TF
Notes
• This way can reduce the amount of floating which is high after
Trigger entry pending order.
• Risk:Reward Upgraded. Likewise with Setup Buy.
• The Profit Target is still in the H4 Time Frame. Which only the
pending order limit changed from H4 to H1.
Pending Order Limit and Stoploss With Custom Fibo
• In this topic discusses Set Entry, Stoploss, and Target Profit using Custom Fibo.
Setting Fibo:
Pending Order Limit and Stoploss With Custom Fibo
Example of Using Fibo for Buy Setup:
Entry ZONE
To setup Sell (Bearish Engulf)
1) Drag from the bottom end of the engulfing bearish candle
shadow to the top end of the engulfing shadow or a small
candle. (take the highest shadow).
1) For Entry please take Note* Zone Entry is level 0.0, 23.6,38.2,
50.0, and 61.80. Level Entry only needs to take levels inside the
Zone.. if other Entry levels are outside the Zone please ignore.
Set Po at Entry level in the zone only
Example: The Entry Zone in the diagram above is at Level 0.0 and
23.6. The other level is outside the Zone so there is no need to set
Pending Order there.
Example
SOP for Setup Sell (Bearish Engulf)
1) Pull Fibo from under the tip of the shadow Engulf Bear to the tip Upper Shadow.
(The highest Shadow between Engulf and Small Candle.
2) Set Pending Order Limit ( Sell Limit di Zon Entry)
3) Set Stop Loss di Level Stop Loss.
4) 4) Take Profit at Level 100.0 for Profit Target 1
Take Profit at Level 161.8 for Profit Target 2.
5) *Setup Buy is also the same SOP, only reversed. Pull from Upper Shadow Engulf
to the lowest Shadow between Shadows Engulf and Small Candle
----------------
But keep in mind that not all Entry Levels will be in the Engulf Zone.
This is because Body Engulf is too long or large causing Level
The fibo entry is not in the Engulf Zone.
How do you determine whether the price that has been hit will go to StopLoss or not?
RISK ZONE
Near here that plays an important role. As Picture Diagram , There are 3 Zones that you need to know
1. Red = High Risk
2. Yellow = Medium Risk
3. Green = Low Risk
The three Zones will be used as Confirmation Zone Levels whether the Current Candle will go to Stoploss or not.
If the H4 candle closes body in the Green Zone, the candle has the potential to go down.
If the H4 candle closes body in the Yellow Zone, the candle has the potential to go down and up. (50/50 down or
up)
If the H4 candle closes body in the Red Zone, this candle has the potential to stop loss (WARNING).
Those are the 3 Zones you need to know so that you are more prepared with EMOTION during Entry
SUMMARY 3rd
-Set pending limit orders inside
2nd marked candle zone. Buy/sell
limit, stop loss, Target profit.
1st
-Mark small candle/s zone inside 4h
Bullish/Bearish Engulf
-Mark 4h Bullish/Bearish Engulf
