New profitable System - Sidus

Hey 8,

I just checked out your chat room... what a great idea. Thank you much for your contribution. I think if we can get some traffic to the room during trading times that would be a fantastic way of multitasking. We could share the responsibilities of monitoring different currency pairs, and watching each others backs.

Synergy at its best.

BTW... I am fairly new to this game, and I'm not quite sure what the "best" trading times are. Would you say US Market open and EUR Opens?

Thanks again,

GrnEydGuy

Best time to trade is when I sleep. Meaning EUR market.
Chat is great idea. There is also Skype, is anyone use it?

CT,


I'm curious, how do you put a moving average on the RSI? Also, could you go more into depth on how you use the 144/169 EMA? Also, what do you use to show the daily range? Thank you for your contributions to this thread.

CT, I sent you an email for that chart. I am not sure if you got it or not. It seems like PM doesnt work right now.

144/169 is a tunnel method , you can find a thread in strategy builder forum start by by strato....do a search, you will find it.

you can drag the Moving average to Rsi window. choose method SMA and choose apply to Previous Indicator's Data....

SKYPE is the best

Its so cool, and also have web-cam, free calls, conference calls e.t.c.

Highly recommendable!!!

FT

ok, let set up a skype chat room then......anyone

Peter's EMA cross with RSI indicator, modified a little. Sharing it here with his permission.

Sovo, I will give that a shot when I get home. I put the RSI on the chart and then the 5/12 EMAs on last indicators data and the EMA will be placed on the RSI? Huh. I will give it a try. For the 144/169, it is the EMAs Vegas uses for the tunnel method. I know how it works I was just curious as to how CTForex uses them.

<o> </o>Dear CTForex,<o></o>

<o> </o>I red your post on the Sidus Forum and was impressed with your results. I am studying Peter Bains course currently but it is alot to focus on and I am frustrated with information overload. I am hoping you can help me with the modified Sidus system you are currently using. I went back to all your post and extraced your relevant points of your system (please see below). I will like to compile the entire document and post on the Sidus forum once you review it and change it as you see fit incase I left out anything since I am sure I did. Thank you for your help in completing this documents. Please answer the questions in bold listed below in the documents. I can be contacted at email: [email protected]<o></o>

<o> </o>

Once again thank you for all your help in completing this document.<o></o>

<o> </o>Regards<o></o>

<o> </o>M. Hafiz<o></o>

<o> </o>

<o> </o>

CTForex refocusing the Modified Sidus System<o></o>

<o> </o>“If I can offer a suggestion, please take the sidus system seriously, it is the best I have ever come across….”. (CT)<o></o>

<o> </o>
Below are the currencies I scan for trading potential:<o></o>

<o> </o>1.) EUR/USD<o></o>

<o> </o>2.) USD/CAD<o></o>

<o> </o>3.) USD/CHF<o></o>

<o> </o>4.) EUR/JPY<o></o>

<o> </o>5.) GBP/USD<o></o>

<o> </o>6.) USD/JPY<o></o>

<o> </o>7.) AUD/USD<o></o>

<o> </o>8.) EUR/GBP<o></o>

<o> </o>

<o> </o>1. Please list the top 3 currencies in order of importance a beginner should concentrate on before he/she approach other currencies?<o></o>

<o> </o>

<o> </o>Method:<o></o>

<o> </o>
30 Minutes Chart<o></o>

<o> </o><o></o>5/12 EMA's method<o></o>

<o> </o>144/169 EMA's<o></o>

<o> </o>5/12 EMA's on top of my RSI 21 (I have 5/12 EMA's on my upper and lower sections of my charts).<o></o>

<o> </o>

<o> </o>60 Minutes Chart



<o> </o>5/12 EMA's method<o></o>

<o> </o>144/169 EMA's<o></o>

<o> </o>

<o> </o>Buy Signal:<o></o>

<o> </o>2. Please say how the indicators above must present for you to take a long trade and at what point you take profit, and how you set your stop loss?<o></o>

<o> </o>

<o> </o>Sell Signal:<o></o>

<o> </o>3. Please say how the indicators above must present for you to take a short trade and at what point you take profit, and how you set your stop loss?<o></o>

<o> </o>

<o> </o>4. Please attach some chart of your previous trades of the system or email them to me at ([email protected]) so I can compile the entire document so it can be posted on the Sidus forum?<o></o>

<o> </o>
5. Please fell free to add any other explination to the system you use to make the final document more simple and complete for beginners.<o></o>

<o> </o>

<o> </o>Time to trade, daily average ranges, other:


<o></o><o></o><o> </o> - One thing I also do is to know the daily average range of each currency pair from high to low and gauge the movement potential for that 24 hour period. This is one important factor that should be considered when trading. For example, the daily average range for the EUR/USD is 120 pips... and within the last 24 hours, it has moved 110 pips, so I expect it to slow down at this point. I captured 108 and jumped out since last post an hour ago.<o></o>

<o> </o>

<o> </o>- The best times to trade are usually at the London Market opening and the US Market openings.<o></o>

<o> </o>

<o> </o>- On average, each currency has an opportunity to move every 1.5 days using the sidus method, old and new.<o></o>

<o> </o>

<o> </o>- I just keep in mind the average daily ranges for each currency pairs which show me the potential high and lows within each 24 hour period.<o></o>

<o> </o>

<o> </o>- In a trending currency market retracements are where you can re-establish profitable positions. They stop very close, if not exactly on the 144 and 169 1 hour ema; the tunnel.<o></o>

<o> </o>

<o> </o>- No fibs and no pivot points (needed).<o></o>

<o> </o>

<o> </o>Once again thank you for all your help.<o></o>

<o> </o>

<o> </o>M. Hafiz

<o> </o>

<o> </o>

YESS!!! I've used Skype when I was traveling in Centralamerica/USA (im in Europe) and it ROCKS! Smooth, fast and reliable.

BUT! We have to check how many people can be on one single conference call without affecting quality. I have had 4 friends hooked up at the same time (one sitting in Nicaragua, one in USA, one in Germany and another in Portugal) and sometimes it got sluggish....

.....Tonight (Europe time GMT+2) I will check into that one. If some of the MASTERS OF THE SIDUS UNIVERSE could open it (Bagovino? OrangeRoshan? Or....the Master himself SIDUS???) Maybe they are too occupied making millions....

Anyway: Does anybody know about SIDUS? He hasn't posted for a long time I believe....and he started to roll the ball....

Peter.

Regarding chats, i would suggest using Paltalk, its free and most of the trading chatrooms are on paltalk. We can create a new room there for "Sidus/bogo system"

I agree with Peter... Paltalk is the best for what we want to do. You can name your room... get a password so only invited members can come etc..


I dont know how to set it up, but if someone would take the liberty to that would be great.

Thanks...

Bagovino

Great System.

Add the indicator below in a daily chart.

Coyan

I am in another club using PalTalk and would be the ideal way to go.

You can post charts as well.

I kinda wish we could keep good discussion here.

To me, Paltalk and other chat has always been the death of reasonable discussion and the beginning of fingerpointing, arguing, name calling and general confusion. Plus Paltalk looses your connection a lot. You spend most of your time trying to get back into the room. Let's keep the bulk of this great method and discussion right here on the beautiful Forex Factory. Just my thoughts on past observations.

This system has certainly got a lot of potential. I've read this entire thread and all of you have contributed so much and very generously I might add. After reviewing so many posts it's not clear to me what the consensus is regarding entry and stop - or is there no consensus on the specifics of entry? Thus far, there is an RSI above/below 50 coupled with a 5/12 cross. It's not clear to me if you all are still using the 18/28 or not.

Also, does anyone have an effective money management plan they employ with this system? How do you take your profits?

Thanks for you help! Joe

Hi CT,

I tried to change the EMA and WMA's number values in the Tools editor but it did not work.

Did you have to write your own indicators from the Sidus Method?

Thanks..

Hi Coyan,

I attached the StepRSI but it caused not any change that is, there has not been any trade opened. I attach my presets and a screenshot (the screen looks better than a Christmas tree - lol ). Hope you can help me in finding the problem.

http://img147.imageshack.us/img147/2...ses1tq8.th.png

Does anyone have an indicator showing the previous day's high / low? I think that would be an immense help to this system simply because when price hits either it will be a major breakout or reversal.

Also if price opens higher you are looking at an uptrend and opposite for opening lower.

Thanks,

bago