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A,B,C,D - 1,2,3,4 System

  • #61
  • Aug 21, 2008 10:14pm Aug 21, 2008 10:14pm
Quoting K-fx
Ok I looked at it a little more. Maybe this new chart is better. Have a look please.

Do we expect the price to bounce on S (from local trend) and then R (from Global trend) ?

Can we still wait for C ? I guess that will happen during the night (for me, GMT-4)
Nice setup, except for that down TL. The down TL is further left.
  • #62
  • Aug 21, 2008 10:19pm Aug 21, 2008 10:19pm
maybe the usd is a nice setup

let' go!
Attached Image (click to enlarge)
Click to Enlarge Name: 趋势线解读美日3.jpg Size: 119 KB
  • #63
  • Aug 21, 2008 10:32pm Aug 21, 2008 10:32pm
Quoting flyingnie
maybe the usd is a nice setup

let' go!
Kool, wait on a reversal candle formation then enter. The fib is incorrectly drawn, fibs should start and ends at a high or a low high, in this case a high to low. Find the previous high and start the fibs there. I'm actually watching the 4H chart for this pair.
  • #64
  • Aug 21, 2008 10:33pm Aug 21, 2008 10:33pm
Quoting Dra
Nice setup, except for that down TL. The down TL is further left.
Hi,

Can you show me please.

On EURJPY, would you consider C just NOW ?
  • #65
  • Aug 21, 2008 10:44pm Aug 21, 2008 10:44pm
Quoting K-fx
Hi,

Can you show me please.

On EURJPY, would you consider C just NOW ?
Its now at the TL, a pull back from here will confirms C ?, wait on a reversal candle formation, one of the six mentioned earlier in the thread.
  • #66
  • Aug 21, 2008 11:10pm Aug 21, 2008 11:10pm
hi every one

thanks for drm to share so excelt system ,
may be it is simple
but it is a great one!

is it are right?

flyingie from china
Attached Image (click to enlarge)
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  • #67
  • Aug 22, 2008 5:08am Aug 22, 2008 5:08am
Quoting flyingnie
hi every one

thanks for drm to share so excelt system ,
may be it is simple
but it is a great one!

is it are right?

flyingie from china
Yea thats correct. The inner TL on your chart is been broken as we speak, so look for the bounce off the outer TL.

Did any one sell that evening star on the GU 4H? Flyingnie your prediction was wrong, the GU forms an evening star at the TL and went down for some nice pips. Respect the lines man.
  • #68
  • Aug 22, 2008 5:55am Aug 22, 2008 5:55am
Quoting Dra
Its now at the TL, a pull back from here will confirms C ?, wait on a reversal candle formation, one of the six mentioned earlier in the thread.
can we trade the 1 hour evening star on the EJ ?
  • #69
  • Aug 22, 2008 6:15am Aug 22, 2008 6:15am
Quoting K-fx
can we trade the 1 hour evening star on the EJ ?
Yes you can place trades on 1H charts, same rules apply, but I prefer 4H charts. Place your SL on the 1H charts 10-15 pips above last high or low.
  • #70
  • Aug 22, 2008 7:11am Aug 22, 2008 7:11am
Quoting Dra
Yea thats correct. The inner TL on your chart is been broken as we speak, so look for the bounce off the outer TL.

Did any one sell that evening star on the GU 4H? Flyingnie your prediction was wrong, the GU forms an evening star at the TL and went down for some nice pips. Respect the lines man.
thank you very much

however we analyze so clear and corect ,also we have to wait for the price action.if the price bounce off ,we can enter into the trade.
  • #71
  • Aug 22, 2008 7:14am Aug 22, 2008 7:14am
This seems to be forming into a good setup for next week. Will be watching.
Attached Image (click to enlarge)
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  • #72
  • Aug 22, 2008 8:23am Aug 22, 2008 8:23am
Quoting Dra
Yes you can place trades on 1H charts, same rules apply, but I prefer 4H charts. Place your SL on the 1H charts 10-15 pips above last high or low.
See how it is. It was a bad idea then ? or something to update/remove ?
Attached Image (click to enlarge)
Click to Enlarge Name: test_eurjpy2.gif Size: 17 KB
  • #73
  • Aug 22, 2008 8:26am Aug 22, 2008 8:26am
This has been a great week for the system, almost 100% win rate for this week, the trades took went for over 100pips except for the initial trade on audcad which stop me out. Looking for a similar result next week. Hope the system did you all some good. Keep posting.
Have a great weekend all.
  • #74
  • Edited 8:53am Aug 22, 2008 8:31am | Edited 8:53am
Quoting K-fx
See how it is. It was a bad idea then ? or something to update/remove ?
This is a 4H chart, there was no signal on this chart. The evening star was on the 1H chart. Once you follow the rules of the system, I see nothing wrong entering on a good signal and getting stopped out, as you all know we cant win them all. I see nothing wrong selling that evening star.
  • #75
  • Aug 22, 2008 8:55am Aug 22, 2008 8:55am
Quoting Dra
This is a 4H chart, there was no signal on this chart. The morning star was on the 1H chart. Once you follow the rules of the system, I see nothing wrong entering on a good signal and getting stopped out, as you all know we cant win them all. I see nothing wrong selling that evening star.
Ok I thought i might have misunderstood something so i had to change something. I'm happy not

Many thanks.
  • #76
  • Aug 23, 2008 12:30pm Aug 23, 2008 12:30pm
Dra wot would u say to this
Attached Image (click to enlarge)
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  • #77
  • Aug 23, 2008 8:10pm Aug 23, 2008 8:10pm
Quoting Naijafx
Dra wot would u say to this
That looks like a Gartley formation, in fact it is Gartley. I will explain this formation later in the thread. As you can see that was a down TL from couple months/weeks back and the price manage to pull back once it hit the TL.
Thats why we respect the TLs.
  • #78
  • Aug 24, 2008 1:50am Aug 24, 2008 1:50am
Dra enjoy your thread very much.
Your method of trading is almost identical to the way I was taught to trade.
Kings crown, Gartleys etc.
Keep up the good work.
  • #79
  • Aug 25, 2008 5:23am Aug 25, 2008 5:23am
there are some possible setup forming

CHFJPY

there are alot but my charts aren't loading

best of luck
  • #80
  • Aug 25, 2008 9:49am Aug 25, 2008 9:49am
No trades yet for today, but a few setting up pretty nicely. Patience is KEY for this system, being able to stay on the sidelines and wait for the perfect setups is a plus. The fact that we use 4H charts mainly, sometimes it can take a while to get in on a particular trade, so whenever theres a good formation try and get max profit. 3-5 good trades for the week is more than enough the make 250+ pips. I watch 22 pairs, often times I get like 5 - 8 good setups for the week.
I'll attach my charts of possible setups as soon as they form.
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