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BELLA SYSTEM. Let's try it, let's improve it!

  • #81
  • Oct 8, 2006 5:15pm Oct 8, 2006 5:15pm
Quoting monarch
I am working with several systems in my trading techniques. I typically will enter a position that I feel will go for 25 pips minimum gain. In the past 2 weeks I have made 17 trades that have all went for 25 or more pips, only 1 trade ended in a loss (I made an exit too early). If I had stayed in every position for the 25 pips desired I would have made 425 pip gain. I pulled the plug on a few trades early, and only ended up with 293 pips in 2 weeks. I am going to start this week trading 1 lot at each entry, then add 1 more lot if the price goes against me more than 15 pips. I then will have 1 lot making 25 pips, and 1 lot making 40 pips with a total of 65 pips per trade. This is an experiment I am trying, but I am using real money. Hope that helps you.

Monarch
From what I think you are saying, do you arbitrarily pick your taget and set it at 25? Do you pay any attention to support and resistance when you set your TP, other than making sure that it is at least 25 pips away?

Actually, I am just trying to understand why 25 pips TP. Thank you
  • #82
  • Oct 8, 2006 5:32pm Oct 8, 2006 5:32pm
"Quote"
From what I think you are saying, do you arbitrarily pick your taget and set it at 25? Do you pay any attention to support and resistance when you set your TP, other than making sure that it is at least 25 pips away?

Actually, I am just trying to understand why 25 pips TP. Thank you

From the journal of my trading, I have found that I prefer to stay in a trade for a shorter time with the ability of making positive pips per trade quicker. I have cleared over 40 pips or more in trades, and up to 200 pips in several trades. I never enter a trade if I am at a resistance for a Buy or a support on a Sell. I always take into consideration the trend prior to entry. I have entered and easily cleared 25 pips or more on each trade. Eventually after my experimet of this trading style, I will begin to enter each trade with 25 lots per trade which will clear a profit of 625 pips per trade. Adding the extra 1 lot at the 15 pips higher price is only an experiment now for me to see if there is a way to make more profit with the same perimeters set.
I think waiting for a currency to go 100 pips for example can place your trade in a situation that could possibly go against you eventually. Make the pips quick and get out, not worrying if you could have made antoher 50-100 pips.
Hope that helps.
Monarch
  • #83
  • Oct 10, 2006 9:56am Oct 10, 2006 9:56am
Hi all

I'm trying out this system, but have so far not seen any signals from several opened charts this week so far. Has anyone found any valid signals..? or is it just me?.

Does anyone know if there is a suitable indicator/ alert that could be used to spot divergencies?

Thanks in advance
  • #84
  • Oct 10, 2006 11:01am Oct 10, 2006 11:01am
EUR/USD at 9:00 am California Time looks to be setting up for a buy when the ema's cross around the 1.2550 price area. I am waiting for the cross before I enter this position.

Notice the MACD is not lining up exactly as the RSI and Stochastic are. I may wait and take another look at this in the following 30M candle.

Monarch
  • #85
  • Oct 10, 2006 11:05am Oct 10, 2006 11:05am
AUD/JPY - setup of divergence is placed in my journal to see if there are other currency pairs beside the EUR/USD that have divergences.

The indicators are all giving the right signal for a Sell, the crossing of the ema's should take place around 88.80 area. I will wait too see if this takes place in the next few 30M candles.

Monarch
  • #86
  • Oct 10, 2006 11:46am Oct 10, 2006 11:46am
Great.. Got it!. Thanks Monarch... It just takes getting used to spotting them I guess!
  • #87
  • Oct 10, 2006 11:52am Oct 10, 2006 11:52am
I watched the next 30M Candle on the AUD/JPY and the indicators are not lining up for a correct position. I am going to continue to watch this currency for the next few frames for my journal record.
  • #88
  • Oct 10, 2006 1:03pm Oct 10, 2006 1:03pm
Looking at this pair, there now seems to be a turn down in price, still waiting for the ems's to cross for possible entry position.

Entry target: 88.00 - 88.55 only after the ema's cross and the candle must close below the ema 13.

This is only for my journal records.

Monarch
  • #89
  • Oct 10, 2006 5:55pm Oct 10, 2006 5:55pm
Entry
SELL 1 Lot AUD/JPY @ 88.97 (25 pip target)
1 Lot order waiting SELL @ 89.12
15 pips higher than original entry price
(40 pip target)
Target is 88.72 for both positions
total of 25 pips and 40 pips = 65 pips

Divergence
EUR/AUD waiting for the cross of the ema's
EUR/USD waiting for the cross of the ema's
USD/CHF waiting for the cross of the ema's

Trade information is for my journal record using the Bella System

Monarch
  • #90
  • Oct 10, 2006 7:02pm Oct 10, 2006 7:02pm
I like what your doing here. The AUD/JPY pair is showing stong trend on all charts. Are you sure about divergence on 30 minute?

Best regards

A
  • #91
  • Oct 10, 2006 7:44pm Oct 10, 2006 7:44pm
Quoting monarch
Entry
SELL 1 Lot AUD/JPY @ 88.97 (25 pip target)
1 Lot order waiting SELL @ 89.12
15 pips higher than original entry price
(40 pip target)
Target is 88.72 for both positions
total of 25 pips and 40 pips = 65 pips

Trade information is for my journal record using the Bella System

Monarch
I see the 30M divergence on the MACD, but I ony see the emas laying on top of one another. I would have been waiting for a true cross I think. I also was wondering whether you are still using the 25 system in conjunction with it because I do not see any signal there at all.

Just trying to understand what you are implementing. Thank you.
  • #92
  • Oct 10, 2006 10:08pm Oct 10, 2006 10:08pm
Concerning the AUD/JPY divergence at 8:00 am California I marked the divergence. All 3 indicators proved price was about to go down. I waited for the candle to close below the ema cross to enter position. At that point I also put an entry orde for 1 more lot at 89.12 which hit and was entered. I have 2 lots on this Sell with a target of 88.75 minimum with a 2nd target at 88.31.
As for the -25- Method, I am using it, but I changed it to 15M charts. This seems to be more accurate with the turn of the divergence timeline. I also have 3 other divergences spotted, and I am waiting for the -25- Method to confirm there is an actual point of entry.
I am trading several different techniques, trying to adjust it to help better my accuracy.
These trades are for journal recording only, and not for others to attempt.

Monarch
  • #93
  • Oct 10, 2006 10:16pm Oct 10, 2006 10:16pm
I have 3 positions confirmed for the Bella Sysem divergence:

BUY - EUR/USD
ema's have crossed and the -25-Method also crossed confirming entry

BUY - EUR/AUD
ema's have crossed and the -25-Method also crossed confirming entry

SELL - USD/CHF
Waiting for the ema's to cross and the -25- Method for confirmation before entering position.

All information is posted as a log of trades for my journal records.

Monarch
  • #94
  • Oct 10, 2006 10:37pm Oct 10, 2006 10:37pm
Quoting monarch
Concerning the AUD/JPY divergence at 8:00 am California I marked the divergence. All 3 indicators proved price was about to go down. I waited for the candle to close below the ema cross to enter position. At that point I also put an entry orde for 1 more lot at 89.12 which hit and was entered. I have 2 lots on this Sell with a target of 88.75 minimum with a 2nd target at 88.31.
As for the -25- Method, I am using it, but I changed it to 15M charts. This seems to be more accurate with the turn of the divergence timeline. I also have 3 other divergences spotted, and I am waiting for the -25- Method to confirm there is an actual point of entry.
I am trading several different techniques, trying to adjust it to help better my accuracy.
These trades are for journal recording only, and not for others to attempt.

Monarch
I appreciate the explanation. The reason I was wondering was because I was taking a long position on AUD/JPY, on the basis of many things, including the RSI below 50, the question of fundamentals and the fact the the pair seemed to be forming a support at 88.91-92 which would prove possibly quite difficult for it to get by at present without a lot more momentum than there is.

My question to you was to better evaluate my own (opposite) trade rather than an attempt to mimic your trades. Your explanation helps me in my trading. Thank you.
  • #95
  • Oct 10, 2006 10:50pm Oct 10, 2006 10:50pm
Quoting moonchild
I appreciate the explanation. The reason I was wondering was because I was taking a long position on AUD/JPY, on the basis of many things, including the RSI below 50, the question of fundamentals and the fact the the pair seemed to be forming a support at 88.91-92 which would prove possibly quite difficult for it to get by at present without a lot more momentum than there is.

My question to you was to better evaluate my own (opposite) trade rather than an attempt to mimic your trades. Your explanation helps me in my trading. Thank you.
You state that your taking a long on AUD/JPY - maybe I might not understand, but looking at the (Resistance 2 weekly) where it is now, I wonder what promps you to take a long here? I have a hard time buying at a R-2 Level, help me here.
Monarch
  • #96
  • Oct 11, 2006 10:32pm Oct 11, 2006 10:32pm
hey man

i just tried a long with your div system, eur
  • #97
  • Oct 12, 2006 4:30pm Oct 12, 2006 4:30pm
I want to say thank you Nuna1976 for the great indicator and thread you have developed here. I have made alot of pips using the Bella System and I have enjoyed learning this indicator technique.

I have completed my record of trades, and have decided that most pairs have not indicated a divergence or maybe had missed the indication that there was a trend change.

I know that you have backtested this system for EUR/USD, therefore I will only recommend the Bella System with this currency pair.

Upon review of my journal of trades, I have decided to remove this indicator from my charts, even though it is profitable. I became dependant upon other indicators to complete trades that ended profitable. Without the help of other indicators , I could not solely place a position with Bella alone.

Thanks for everything.
Good Trading

Monarch
  • #98
  • Oct 17, 2006 9:13am Oct 17, 2006 9:13am
Been a while since someone has posted on this system. I have been looking at it in a way to incorporate into my short term trading system. I liked the method of divergence when looking at the chart in the timezone gone by.

My problem arises when I look at current price action. Last nite I was looking at gbp/usd and it seemed to be forming div in rsi and stoch, signaling a short trade, but evertime I would go to pull the trigger, the rsi and stoch would move up again with the price (as the 30M bar had not closed)

My question is: Do we wait for the 30M bar to close, do we wait for some sort of reversal, and how do we know that the stoch or rsi will continue in its reversed direction in the next bar. I did not take the trade, and noticed that for the next 30M, the stoch and rsi did close lower than previous high, but then for the 30M after that, they went higher than the previous high.

Hope I don't sound too confusing.

Looking forward to everyone's replies.

Regards,
K.
  • #99
  • Oct 17, 2006 9:35am Oct 17, 2006 9:35am
Quoting kermut
Been a while since someone has posted on this system. I have been looking at it in a way to incorporate into my short term trading system. I liked the method of divergence when looking at the chart in the timezone gone by.

My problem arises when I look at current price action. Last nite I was looking at gbp/usd and it seemed to be forming div in rsi and stoch, signaling a short trade, but evertime I would go to pull the trigger, the rsi and stoch would move up again with the price (as the 30M bar had not closed)

My question is: Do we wait for the 30M bar to close, do we wait for some sort of reversal, and how do we know that the stoch or rsi will continue in its reversed direction in the next bar. I did not take the trade, and noticed that for the next 30M, the stoch and rsi did close lower than previous high, but then for the 30M after that, they went higher than the previous high.

Hope I don't sound too confusing.

Looking forward to everyone's replies.

Regards,
K.
Hey kermut, I think that GBP/USD is very risky when you use divergence because it is a very volatile pair, especially if you look for it at the 30 min chart. Generally the divergence is a sign that a reversal is coming, but, it should be confirm by the cross of EMAS. I hope this helps. Anyone else want to share opinions about it?
Regards
Alfredo
  • #100
  • Oct 17, 2006 9:42am Oct 17, 2006 9:42am
I agree with Nuna on the GBP/USD. I have watched the system everyday, and I get alot of divergence on my charts. I prefer to wait for the Closing of the candle above/below the crossing of the EMS's. Most times after the close of the candle you will see a rise/decline (depending on position) in the price. I usually take the position after 2 or more candles close above/below the cross of the EMA's confirming that the divergence is holding.
EUR/USD 30M would be the 1 pair to trade with Bella, but I have had success with other pairs also, depending on confirmation of my other indicators.

Monarch
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