Patience, let the market come to you!
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
The System Behind the System, by Merlin Jeffries 16 replies
200 Ema system - help me build a system ! 19 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
Dislikedi use mt 3.83
TF 5m :
EMA 3 5 21 yellow red blue
MACD
William percentage range period 14
TF 15m :
same on TF 5m
TF 1H :
Sidus method for trend read sidus method ebook
EMA 28 red
EMA 18 orange
5 LMA yellow
8 LMA Blue
William percentage range 14 period
example : as shown on image for buy and sell
Today i made fresh 45 pips.....
for hoe i use the system please refer to my first post
thats all you need to be richIgnored
DislikedWell...to speak the truth i have using this quite a while on live acc i manage to take 20 pips daily its been 6 month now and still testing it on demo acc, looking for weakness and anomalies...so far the result are tremendously
as for maximum drawdown, consecutive losses i dont use one...mainly because i use my risk management so tight, coz my target is only 20 pips, as soon as i reach the target i stopped trading and live on my life as usual
experience is the key to my so simple system.....
nowadays i have been thinking to use the strategy and start to trade with other people money, cos in my country 20 dolar daily is very a good number and you can buy lots of things
if anyone have question feel free to email me at {email removed}
__________________
Have some pips....Ignored
DislikedJogjatrader,
I just used your system for trading the 5 minute chart for the gbp/usd and I scored 19 pips.
I should have not only gotten 19 pips, but should have gotten an additional 9 pips, but at this moment, and for the rest of this week, I will just test the system on my live account. Forget a dummy account, because the only way to truly learn is to put my whole self into trading which includes all of my emotions.
Anyway, I should have had 28 pips today(european trading), but my total goal, daily, is to get 10 pips every single day.
Doing this will allow me to double my account twice per month. I plan on getting very wealthy within 6 months and buying me a new car(BMW or Mercedes... ). At this moment, I'm riding a bicycle, but with this new system that you have taught, I feel that I can increase my $100 account. I want to get to the point of buying and selling 20,000 mini lots for 10 pips profit each time I trade.
As I get more experience with your system my self confidence will also increase. But, until then, I'll go for 10 pips daily. By the way, when I say 10 pips, I'm talking about 14 pips total minus the 4 pip spread for the gbp/usd. I am using FXCM.com as my broker and they charge 4 pips spread for trading the gbp/usd.
Result of today's trading: I bought gbp/usd at 2.0271 on a true hammer formation that was in the oversold(above 80% on the William %) area and got out when the market closed above the 21 ema line at 2.0294 which is a 19 pip profit for the day for me.Ignored
DislikedI have some questions-
1. You mentioned using the Sidus setup on the 1H chart.
Then you said it's all a matter of following the %Rs on each time frame.
Where does Sidus fit in?
2. Is your entry trigger the 5M or the 15M chart?
3. Do you wait to enter until the %R has left the overbought or oversold area?Ignored
Dislikedfirst question :
answer : i use sidus to determine daily trend, if 18 EMA (orange) crosses 28 EMA (red) i know that trend is changing
if price is on trending downward the best way is to find highest price of the day to sell. same thing on trending up ward
i dont use 1H chart as my trigger mainly just for price direction
second question :
answer :
yes i use trigger first look at william 5m than watch closely on 15m if its the same direction than you are save to entry
third question :
answer :
i enter immediately enter buy after the william pointing up on oversold area
and enter sell after william pointing down on overbought area ( first look at 5m than look for confirmation on 15m chart)
but of course it wouldnt be that easy, watch and learn, determine your entry point based on your experiences, it may generate false signal but as you triy it over and over again you will understand how it works.
important fact : always look 5m 15m and H1 chart together three of them at the same time, tile the chart vertically
please tell me where u from
i always happy to make friends to traders from around the world
_______________________________
be patient.....wait for the set up.....
enjoy...Ignored
Dislikedi'm still here
well currencytrader....congratulations...wellcome to my rich club
today i just made soooooo many pips....50 pips maybe, i dont count
There are still weakness about my system......but as long as u trade on asian and european market and limit your profit to 10 t0 20 pips a day you are rich my friend (increase the lot not he pips) stays 20 pips daily at least 3 month after that (you can choose whether to buy a car or a house) ...trust me i have tested it sooooo many times
give some money to poor people then god will be with you
after all its only money.....
do i still need to post screenshots of my system....dont think so...its all there in mt 3.83 platform.....search for yourself....its sooo easy
Speak the truth ..... there are still more to tell about my system, my experiences is to be specific, but hey if you happy with the basic setup than enjoy it.....
______________________
Increase the lot not the pips......
enjoy your journey to happynessIgnored
DislikedI'm from Texas- USA
If the 1H MAs show a downtrend- do you take only short trades?
ThanksIgnored
DislikedOne of the key to my system is sidus method on 1H chart, if it says down then down it is, i am not say that i should only open short trade, but long as well depends on what william says on 5m and 15m.
Then what does down mean if it does not mean you would only open a short trade?
If the 1H is down and you can open both short and long trades then why is the 1H trend important?
best time to buy : nearest low price of the day allow 4 - 5 pips above low
best time to sell : nearest high price of the day allow 4 - 5 pips below high
always look for trend signal by sidus method on 1H
Ignored
Dislikedsorry billbss, english is not my native language so i have problem explaining my system to you, but i'll try again, here i go :
If sidus H1 is signaling down trend, that means the price action today is also trending down, the best position is to sell on highest possible price or near psychological price, but after the price reach the low of the day the price began to oscillating upward, so is william on 5m, if this is the case then you should open buy position....again it depends on how william behave.
william on 5m chart act like little wave and could start a bigger wave which means big price movement, thats all it is....
correct my english if i'm wrong
___________________
Good luck testing my systemIgnored
DislikedI'm sorry but I don't get it.
I'll just have to go back and look at some charts until I do.
You say that it's very important to establish the 1H trend.
Then you say that if the 1H trend is down you can go both long and short.
I presume that if you establish that the 1H trend is up- you can still go both long and short.Ignored
DislikedYes thats right billbss
i will go short or long based on william %R 5m and 15m
and the best trading time is asian and european time
sidus is only for temporary trend direction
like today in GBPUSD the spike is has been predicted by william on 5m, just buy blindly on 5m set up stop 20 pips below your price and enjoy your surf to the highest price of the day
_______________
Gone surfing.....the pipsIgnored
Dislikedhi currencytrader
can u please post your chart when you BUY / SELL .. thanksIgnored