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

  • #21
  • Sep 19, 2006 2:33am Sep 19, 2006 2:33am
nice, i like this little system.
  • #22
  • Sep 19, 2006 6:30pm Sep 19, 2006 6:30pm
Hi Guy's,

I've been watching this thread and like it alot. I have an offering which will make this system even easier to use and easier to see the divergence.

Eliminate the RSI and Stch's all together because all you need is a MACD set to 8,17,9. That's it! Look at the charts I post and see how easy it is to use!!!

Hope this helps everyone!!

Bagovino
Attached Image
"Skills pay the bill's!"
  • #23
  • Sep 19, 2006 6:34pm Sep 19, 2006 6:34pm
Here's another example of a HUGE move using this system!!!

What do you guys think?


Bagovino
Attached Image
"Skills pay the bill's!"
  • #24
  • Sep 20, 2006 8:36am Sep 20, 2006 8:36am
Hey Bagovino! Good to hear from you. I am going to compare the MACD with the other indicators and maybe we can have a very nice system going on here. Why did you choose those settings to the MACD? Regards.
Alfredo
  • #25
  • Sep 20, 2006 10:41am Sep 20, 2006 10:41am
Here's another example of a set up we may not have caught with RSI/STOCH's.

Alfred,
I've always used MACD for divergence. To me, it shows better than any other indicator.
Those settings were given to me by another successful trader. I've been playing around with them and it just proved to show the divergence more accurately than the standard settings.

Anyway, here's another trade for 25+ pips!

Try the MACD and see what you think.

Bagovino
"Skills pay the bill's!"
  • #26
  • Sep 20, 2006 10:42am Sep 20, 2006 10:42am
For some reason It's not letting me post the chart.... I'll keep trying!

B.
"Skills pay the bill's!"
  • #27
  • Sep 20, 2006 3:23pm Sep 20, 2006 3:23pm
I looked at the charts and seems that sometimes the MACD shows divergence that the other indicators donīt, but, I also notice that sometimes it is the other way around. We have to study more to decide which indicator to use (maybe all 3). In the beginning I selected RSI and Stochastic because they are not based on moving averages, which confirmed the signal with the cross of EMAS. Letīs keep searching the truth guys.

Alfredo
  • #28
  • Sep 20, 2006 10:55pm Sep 20, 2006 10:55pm
hey,.. this is an aawesome system.. i just have one question.. should we use this wih tunnel 1 hour method or not? because if we do.. the tunnel and the EMA crosses havent been doing any good to the tunnel method lately.. i lost a 100 pips in different trades..

waiting to hear from you guys..
BECAUSE I CAN !
  • #29
  • Sep 21, 2006 12:57am Sep 21, 2006 12:57am
I know you recommend the 30m chart but it seems to work with other times and currencies as well. Can you confirm this or is it rather specific to EUR/USD and 30m?

Thank you,
I'm still learning...but I am learning!
  • #30
  • Sep 21, 2006 2:32am Sep 21, 2006 2:32am
Hey everyone,

My first post in months after joinning FF, so here goes the 5EMA and the 13EMA can tell you the short term trend, it can be used on any pair you want to trade, on any time frame.

I also use the 50EMA and the 62EMA as filters. I also use these indicators below.
Attached File(s)
File Type: mq4 IND Inverse.mq4   2 KB | 640 downloads
File Type: mq4 IND_Inverse_Histo_v2.mq4   3 KB | 633 downloads
File Type: mq4 camarilladt8.mq4   24 KB | 544 downloads
  • #31
  • Sep 21, 2006 3:49pm Sep 21, 2006 3:49pm
Quoting YasirYar
hey,.. this is an aawesome system.. i just have one question.. should we use this wih tunnel 1 hour method or not? because if we do.. the tunnel and the EMA crosses havent been doing any good to the tunnel method lately.. i lost a 100 pips in different trades..

waiting to hear from you guys..
Hey Yasir, I think the tunnel method is for long term trades, bella system can help you to catch a reversal and maybe you can jump in a trend and use the tunnel to exit your trade, but many times they are not compatible. Regards.

Alfredo
  • #32
  • Sep 21, 2006 3:52pm Sep 21, 2006 3:52pm
Quoting Stan
I know you recommend the 30m chart but it seems to work with other times and currencies as well. Can you confirm this or is it rather specific to EUR/USD and 30m?

Thank you,
I'm still learning...but I am learning!
Hey Stan, to be honest I didnīt try the system with many other pairs, maybe the system is very good in other pairs, but what I do know is that the best timeframe is 30 min chart. I hope this helps. Regards. Alfredo
  • #33
  • Sep 21, 2006 3:54pm Sep 21, 2006 3:54pm
thanx nuna.. i also want to know.. when we are sure that the upward pressure of a currency is getting smaller.. on a 30 min chart.. and when we switch to a 15 min chart.. the EMAs have already crossed.. should i take the trade short then??

thanx for your fedbacck once again...
BECAUSE I CAN !
  • #34
  • Sep 21, 2006 4:08pm Sep 21, 2006 4:08pm
Quoting YasirYar
thanx nuna.. i also want to know.. when we are sure that the upward pressure of a currency is getting smaller.. on a 30 min chart.. and when we switch to a 15 min chart.. the EMAs have already crossed.. should i take the trade short then??

thanx for your fedbacck once again...
Hey Yasir, Well, if you enter your trade based on the cross of emas in the 15 min chart you will enter early in most trades, but you also will have more false signals. Regards. Alfredo
  • #35
  • Sep 21, 2006 4:36pm Sep 21, 2006 4:36pm
Quoting nuna1976
Hey Yasir, Well, if you enter your trade based on the cross of emas in the 15 min chart you will enter early in most trades, but you also will have more false signals. Regards. Alfredo
hey nuna.. thanx for the info.. anyways i took 3 trades today.. on those 30 min charts.. 2 went right and 1 went wrong im not sure y that 1 did go wrong.. i made sure that the EMAs crossed and the RSI did too... any idea on that?? thanx
BECAUSE I CAN !
  • #36
  • Sep 23, 2006 10:19am Sep 23, 2006 10:19am
Hey everybody. I really like the MACD when the new peak in the price is a little bit apart from the last one, but I think the RSI reacts better when the new peak is closed to the last one. The MACD doesnīt show divergence when this happens, so I added the MACD to my indicator list with the settings provided by bagovino. We have 3 indicators now to look for divergence, once we found it, wait for the cross of 5 and 13 EMAS. Regards.
Alfredo

PS. I donīt know why, but I canīt post my chart
  • #37
  • Sep 23, 2006 12:05pm Sep 23, 2006 12:05pm
Hi there


Many thanks to you for posting your method and sharing your thoughts.

I am a complete novice to the world of FX and at the moment I am looking at various methods to get a feel for what's out there.

It is so refreshing to find people willing to share and develop ideas whilst maintaining respect for each other at all times, and who demonstrate a genuine interest.

It is a minefield out there for me. I think I will study this thread and method as a starting point and demo trade for a good while. I felt the need to post these comments here rather than on a general thread, as I really like what I have seen so far....

Keep up the good work

Angie
  • #38
  • Sep 24, 2006 9:45pm Sep 24, 2006 9:45pm
hey guys.. i entered 3 trades on EUDUSD GBPUSD and USDJPY when the EMAs crossed... around 8 pm EST sunday.. and i think im going to have a big loss.. coz they are about to cross back over.. i also checked for the RSIs.. and that condition was also fulfilled.. plus.. the trades i chose were consistent with the fundamentals as well.. what have i done wrong here?? im psyched..

Trades:
EURUSD Sold
GBPUSD Sold
USDJPY Bought..
BECAUSE I CAN !
  • #39
  • Sep 25, 2006 12:57am Sep 25, 2006 12:57am
Quoting YasirYar
hey guys.. i entered 3 trades on EUDUSD GBPUSD and USDJPY when the EMAs crossed... around 8 pm EST sunday.. and i think im going to have a big loss.. coz they are about to cross back over.. i also checked for the RSIs.. and that condition was also fulfilled.. plus.. the trades i chose were consistent with the fundamentals as well.. what have i done wrong here?? im psyched..

Trades:
EURUSD Sold
GBPUSD Sold
USDJPY Bought..
I have found Sunday's to less than desireable for consistant trading and will rarely trade.
What time did you take your positions and at what price?
Stan
  • #40
  • Sep 25, 2006 1:01am Sep 25, 2006 1:01am
Quoting Stan
I have found Sunday's to less than desireable for consistant trading and will rarely trade.
What time did you take your positions and at what price?
Stan

GBPUSD at 6 PM .. at 1.9006. was shorting.. 40 pip stop... it still hit the stop man..
EURUSD at 6:30 pm .. 1.2787.. 30 pip stop.. was hit.. man at this rate.. ill be broke.. wt did u do wrong??
BECAUSE I CAN !
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