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BEEJAY Trading System

  • #41
  • Jan 6, 2010 10:48am Jan 6, 2010 10:48am
Quoting Sim
Set the template up like he prescribes and open another chart which is naked and just study them both. Your answer doesn't lie in a forum, it lies within u and within the charts
yes i agree. user still have to watch with eagle eye the correlation between it and the price action
  • #42
  • Jan 6, 2010 10:59am Jan 6, 2010 10:59am
Does everything need to take place in the same candle? Or can we have all things happen over the course of 2-3 candles?

Gracias...
  • #43
  • Jan 6, 2010 11:07am Jan 6, 2010 11:07am
Quoting txtaz
Nice simple system beejay. Simple rules for entry. Will test on 4hr chart.
but you still need little understanding of the candle pattern. patterns like railtrack are useless with this system.
the only pattern i will like you guys to watchout for is the two rising or falling candles ryt after the cross of the MA and the price deviation from the MA.

you need to use the price deviation from the MA to set you lot size and your stop loss.

ideally 1hr shdnt av more than 40 to 50pips stop loss once u started seeing the stop loss to be higher than that, u need to adjust your lot or better still sit out and wait for a better set up
  • #44
  • Jan 6, 2010 11:10am Jan 6, 2010 11:10am
Quoting jflor100
Does everything need to take place in the same candle? Or can we have all things happen over the course of 2-3 candles?

Gracias...
yeah it can be up to 3 candles or 4, at times the whole thing will happen after the price consolidation towards the MA which myt even be more than 5candles, the only thing you need to watch out for is the two cci and rsi
  • #45
  • Jan 6, 2010 11:17am Jan 6, 2010 11:17am
Thank you Beejay...
  • #46
  • Jan 6, 2010 11:33am Jan 6, 2010 11:33am
thanks beejay. gonna check it out.
  • #47
  • Jan 6, 2010 1:25pm Jan 6, 2010 1:25pm
Looks good, Beejay, in a little informal backtesting. CCI134 keeps one out of a lot of potentially losing trades!!
  • #48
  • Jan 6, 2010 8:54pm Jan 6, 2010 8:54pm
Seems to be a well disciplined system
  • #49
  • Jan 7, 2010 1:06am Jan 7, 2010 1:06am
good day every body. looking at GU chart, the set up was complete on the last 4hrs tf candle, so i placed a trade at that same spot, hope to ride that for atleast 200pips.
this is not a trade call but a kinda explanation of the system how set up can be seen. take for example gj 4hr chart, the MA cross but didnt fullfil all the rules so i stayed out
  • #50
  • Jan 7, 2010 2:06am Jan 7, 2010 2:06am
Quoting beejay
good day every body. looking at GU chart, the set up was complete on the last 4hrs tf candle, so i placed a trade at that same spot, hope to ride that for atleast 200pips.
this is not a trade call but a kinda explanation of the system how set up can be seen. take for example gj 4hr chart, the MA cross but didnt fullfil all the rules so i stayed out
Where did you place your stop?
  • #51
  • Jan 7, 2010 2:55am Jan 7, 2010 2:55am
Quoting beejay
here is my simple settings

EMA8(blue), SMA26(red),CCI55(with zero as centre readin),CCI34(with zero as centre reading),and RSI26(with 48 as centre reading)

thats all about my system, u can see its so simple.

did u all know that CCI is the most powerful momentum there is???i dont think u know cos its rarely use by forex trader. the rules will posted in the next post

meanwhile i want you guys setup the template and tell me what u feel
thanks for sharing your system,can u pls post the templates?
  • #52
  • Jan 7, 2010 4:54am Jan 7, 2010 4:54am
Quoting beejay
good day every body. looking at GU chart, the set up was complete on the last 4hrs tf candle, so i placed a trade at that same spot, hope to ride that for atleast 200pips.
this is not a trade call but a kinda explanation of the system how set up can be seen. take for example gj 4hr chart, the MA cross but didnt fullfil all the rules so i stayed out
Beejay

A question regarding the current GU set.

It looks as though it has taken a number of candles for this set up to be valid (about 7 candles since the MA crosses in the 4hr). Does the number of candles matter as well as all indies line up.

Cheers
What you do is a reflection of you....what I do is a reflection of me.
  • #53
  • Jan 7, 2010 4:56am Jan 7, 2010 4:56am
Playing MTF on this strategy.

Picture attached based on current EU movement.

regards
~profi~
Attached Image (click to enlarge)
Click to Enlarge Name: eu_7jan_m1m5a.jpg Size: 131 KB
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #54
  • Jan 7, 2010 5:01am Jan 7, 2010 5:01am
I had a trade in GJ in M5 chart this morning Just following the system for 50 pip.When I opened the chart the cross over was completed down but the ccI and RSI was below zero and 48. Waited for the retrace to the red EMA and placed short
  • #55
  • Jan 7, 2010 5:07am Jan 7, 2010 5:07am
Quoting harigp
I had a trade in GJ in M5 chart this morning Just following the system for 50 pip.When I opened the chart the cross over was completed down but the ccI and RSI was below zero and 48. Waited for the retrace to the red EMA and placed short
good job
  • #56
  • Jan 7, 2010 5:08am Jan 7, 2010 5:08am
Quoting profi4554
Playing MTF on this strategy.

Picture attached based on current EU movement.

regards
~profi~
hey man what have you done to the cci. did code the two cci together. and on the MA it looks like u have something to it. do you mind to scare the coded cci and the coded MA
thanks
  • #57
  • Jan 7, 2010 5:11am Jan 7, 2010 5:11am
Quoting lgtj
Where did you place your stop?
the modest stop loss will the when the crosses of the MA is confirmed or better still a few pips above the nearest R/S ( on the daily if using 4hrs and on the 4hrs if using 1hr and on the hourly if using 15min).basically i dont use stop i just watch the MA except if im leaving the system
  • #58
  • Jan 7, 2010 5:14am Jan 7, 2010 5:14am
Quoting Ezzy
Beejay

A question regarding the current GU set.

It looks as though it has taken a number of candles for this set up to be valid (about 7 candles since the MA crosses in the 4hr). Does the number of candles matter as well as all indies line up.

Cheers
basically the number of candles didnt matter on the lower time frames.
i will post a chart to illustrate this
  • #59
  • Jan 7, 2010 5:18am Jan 7, 2010 5:18am
Quoting beejay
basically the number of candles didnt matter on the lower time frames.
i will post a chart to illustrate this
i just remembered another rules
guy s pls dont take a trade if the PA is in between the two MA.the PA need to close above 8EMA to take a long trade and vice versa. and the close shd be far enough from the MA otherwise u wait for another retrace.
  • #60
  • Edited 8:51am Jan 7, 2010 5:20am | Edited 8:51am
Quoting beejay
hey man what have you done to the cci. did code the two cci together. and on the MA it looks like u have something to it. do you mind to scare the coded cci and the coded MA
thanks
Nothing new Beejay. I just throw some old indicator to play with your strategy.

I have attached the two indicator for CCI and MA ribbon. Simply change for proper period setting.

EDIT: DoubleCCI indicator do come with zero cross alert. That should become handy
## Template uploaded

Cheers
~profi~
Attached File(s)
File Type: mq4 DoubleCCI-With_SMAvMe.mq4   8 KB | 994 downloads
File Type: mq4 MA ribbon filled.89.21.mq4   2 KB | 887 downloads
File Type: tpl beejay_doublecci.tpl   3 KB | 869 downloads
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
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