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abid's method

  • #1
  • First Post: Edited 1:10pm Sep 27, 2006 12:36pm | Edited 1:10pm
i would like to propose a new method to be discussed in this forum, any ideas and recomendation are welcome.
http://img64.imageshack.us/img64/9434/newwv2.jpg
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File Type: zip abid's method.zip   390 KB | 2,225 downloads
  • #2
  • Sep 27, 2006 12:58pm Sep 27, 2006 12:58pm
alo abid..
interested with your methode..but now i will learn more it,
  • #3
  • Sep 27, 2006 1:03pm Sep 27, 2006 1:03pm
Please repost these images in 600 x 600 format, or simply zip the image file. I must delete them as they cause screen malfunction... sorry, Scott
  • #4
  • Sep 27, 2006 1:05pm Sep 27, 2006 1:05pm
looking forward to have a dynamic discussion, please do send me a feedback...

this method purely concentrate on the concept of "overbought and oversold"

from this concept and undertand them, we can actually determine the trend of the market and set our entry...and exit with profit


p/s not really cinta duit....cinta material!!
  • #5
  • Sep 27, 2006 1:06pm Sep 27, 2006 1:06pm
Quoting smjones
Please repost these images in 600 x 600 format. I must delete them as they cause screen malfunction... sorry, Scott
okey..sorry for the inconvience
  • #6
  • Sep 27, 2006 1:08pm Sep 27, 2006 1:08pm
I am sorry for not telling you first... BTW, I read the Docs. this sounds like a very interesting method and you have laid it out so professionally. I am going to have to take some time to understand this... thanks for sharing this. It is impressive.

I will get back to you when I have had a chance to understand it... thanks again, Scott


Quoting Abid
okey..sorry for the inconvience
  • #7
  • Sep 27, 2006 1:13pm Sep 27, 2006 1:13pm
Quoting smjones
I am sorry for not telling you first... BTW, I read the Docs. this sounds like a very interesting method and you have laid it out so professionally. I am going to have to take some time to understand this... thanks for sharing this. It is impressive.

I will get back to you when I have had a chance to understand it... thanks again, Scott
no prob,scott...looking forward for your feedback...thanks..
  • #8
  • Sep 27, 2006 1:13pm Sep 27, 2006 1:13pm
Do you have any past performance history?


How well does it perform on JPY crosses?


Can you post some charts of example entrys and exits?
Nothing is hard, some things just take more time and discipline.
  • #9
  • Sep 27, 2006 1:18pm Sep 27, 2006 1:18pm
refer to the template,

the stoch indicator indicate the 20-level is the overbought...correction its oversold

and likewise, the 80-level is the overbought...


sorry fo the inconvinience
  • #10
  • Sep 27, 2006 1:23pm Sep 27, 2006 1:23pm
Quoting NipthePips
Do you have any past performance history?


How well does it perform on JPY crosses?


Can you post some charts of example entrys and exits?
im not sure about the performance on yen pairs...but this concept and method might work on all pair especially the majors...

just my 0.002

the example of entry and exit strategy already stated in the manual...please refer this on the manual
  • #11
  • Sep 27, 2006 1:24pm Sep 27, 2006 1:24pm
Quoting Abid
im not sure about the performance on yen pairs...but this concept and method might work on all pair especially the majors...

just my 0.002

the example of entry and exit strategy already stated in the manual...please refer this on the manual

I read it in the manual...I was wondering do you have other graphical chart examples...its cool though, just wanted to make the thread more prettier
Nothing is hard, some things just take more time and discipline.
  • #12
  • Sep 27, 2006 1:31pm Sep 27, 2006 1:31pm
Quoting Abid
looking forward to have a dynamic discussion, please do send me a feedback...

this method purely concentrate on the concept of "overbought and oversold"

from this concept and undertand them, we can actually determine the trend of the market and set our entry...and exit with profit


p/s not really cinta duit....cinta material!!
cinta means love
duit means money
  • #13
  • Sep 27, 2006 1:38pm Sep 27, 2006 1:38pm
Quoting NipthePips
I read it in the manual...I was wondering do you have other graphical chart examples...its cool though, just wanted to make the thread more prettier
i'll get you your entry and exit strategy...later...im tired already its 0200H here in malaysia...ok guys good night @ selamat malam semua

p/s selamat malam highway3000
  • #14
  • Sep 27, 2006 10:07pm Sep 27, 2006 10:07pm
Quoting NipthePips
I read it in the manual...I was wondering do you have other graphical chart examples...its cool though, just wanted to make the thread more prettier
4hr chart
http://img135.imageshack.us/img135/7659/entry4hct6.png

1hr chart
http://img137.imageshack.us/img137/1276/entry1hhq5.jpg



entry strategy

being technical is not always looking at one chart and make conclusion at a single point of view, to be able to execute the best trade, we must must consider all point of view.

in this post, i would like to point out the entry strategy by using 4hr and 1hr chart.

as we can see, the 4hr chart does not have the criteria to open a trade buy/sell since the trend and some of the indicator neglect to each other@ its too early to open a buy position...if this happen...we must look a smaller time frame to confirm a trade.
for me, when i look at 4hr chart, i usually target my profit between 50-100pips++.. since we have to confirm a trade using a smaller time frame..the target profit has to be smaller...the best way to intuitively target a profit level is by looking at the previous high and low, and see the range of how many pips between the two point.

as we can see the at the 1hr chart, all indication are showing the sell signal....which mean that at this point in time, trader can execute a sell position with a target profit between 20-30pips, since the range between the previous high and low are 56++pips.

after the sell position is exhausted, then we can open a buy position just like what has stated on the 4hr chart, by the time the 1hr sell position is exhausted, all indicator at the 4hr chart are ready for buy signal....this way we can maximize our trade and maximize our profit

just my 0.002 analysis...hope you guys can understand.


abid
  • #15
  • Sep 28, 2006 12:53am Sep 28, 2006 12:53am
hi abid,

i don't see any sugarush wave,can you give a screenshot for the indicator?

refer:

  1. the trend is likely at the end of the sugarush wave or find strong support level

consider adding parabolic SAR to determine stoploss

  • #16
  • Sep 28, 2006 1:54am Sep 28, 2006 1:54am
Quoting hanz
hi abid,

i don't see any sugarush wave,can you give a screenshot for the indicator?

refer:

 

  1. the trend is likely at the end of the sugarush wave or find strong support level

consider adding parabolic SAR to determine stoploss




http://img83.imageshack.us/img83/593...ushwavefy6.jpg


you can see the envelope band at the trend, that 6 band of envolope is a sugarush wave....
  • #17
  • Sep 28, 2006 6:36am Sep 28, 2006 6:36am
Quoting hanz
hi abid,

i don't see any sugarush wave,can you give a screenshot for the indicator?

refer:

 

  1. the trend is likely at the end of the sugarush wave or find strong support level

consider adding parabolic SAR to determine stoploss



what is your setting for P.sar indicator.....thanks for the suggestion
  • #18
  • Sep 28, 2006 6:57am Sep 28, 2006 6:57am
Quoting Abid
what is your setting for P.sar indicator.....thanks for the suggestion
it's a default,there's where i put my stoploss incase your lazy to look for support/resistance
  • #19
  • Sep 28, 2006 8:10am Sep 28, 2006 8:10am
Quoting hanz
it's a default,there's where i put my stoploss incase your lazy to look for support/resistance
thanks for the info...i will have a look at it..
  • #20
  • Sep 28, 2006 8:54am Sep 28, 2006 8:54am
http://img141.imageshack.us/img141/1010/1df1.jpg

this is a chart of g/u pair....according to 4hr chart and the rest of the chart, it is showing a buy signal...
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