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abid's method

  • #21
  • Sep 28, 2006 7:05pm Sep 28, 2006 7:05pm
trader often ask themself, which position i must open first, buy or sell?,

i miss the signal can i still open a position?,

the position that i open, is it following the market trend?

how long is the position going to hold?

im really desperate for pips, can i start scalping safely while opening a long term position?

how strong is the flow of the trend?

when to exit a market?

the answer lies on the method, understand and utilize it, will bring lots of profit.


now i leave this thread for you all to discuss.
  • #22
  • Sep 29, 2006 12:31am Sep 29, 2006 12:31am
hmm.. abid, nice effort to polish your skills. Just download the zip file, and will review it soon.

cheers
  • #23
  • Sep 29, 2006 4:18am Sep 29, 2006 4:18am
Quoting zam4ever
hmm.. abid, nice effort to polish your skills. Just download the zip file, and will review it soon.

cheers
thanks for te support, looking forward for your feedback.


correction

regarding the setting for stoch, i recommend that all the setting(all the time frame) for stoch to be 21,8,13
  • #24
  • Sep 29, 2006 5:04am Sep 29, 2006 5:04am
a simple version for those who prefer simple technique.

http://img84.imageshack.us/img84/2153/22no6.jpg
Attached File(s)
File Type: zip simple abid's method.zip   < 1 KB | 722 downloads
  • #25
  • Sep 29, 2006 7:18am Sep 29, 2006 7:18am
Quoting Abid
trader often ask themself, which position i must open first, buy or sell?,

i miss the signal can i still open a position?,

the position that i open, is it following the market trend?

how long is the position going to hold?

im really desperate for pips, can i start scalping safely while opening a long term position?

how strong is the flow of the trend?

when to exit a market?

the answer lies on the method, understand and utilize it, will bring lots of profit.


now i leave this thread for you all to discuss.
since your trading a h4 timeframe,do you think news will interfere the movements?
  • #26
  • Sep 29, 2006 7:40am Sep 29, 2006 7:40am
Quoting hanz
since your trading a h4 timeframe,do you think news will interfere the movements?
no matter what time frame we used, the news will certainly effect our trade.

i dont recommend to trade before news or during new, after the new is much safer.
  • #27
  • Edited 11:50pm Sep 30, 2006 10:41am | Edited 11:50pm
just want to share one more thing about entry, when all the criteria are met on the entry strategy that i stated on the word document, one more thing that you have to take into accoub to give more accuracy on yuor trade is to wait for the right candle to appear.

example.

buy signal- 5 step of buying entry on the word document + bullish candle

sell signal -5 step of selling entry + bearish candle


best regard,

abid
  • #28
  • Oct 1, 2006 2:58am Oct 1, 2006 2:58am
this looks really good, still going through it.

im not sure about using the MFI though, as mt4 "fakes" volume, you are actually using the price x2 to generate the readings for this.
  • #29
  • Oct 1, 2006 3:48am Oct 1, 2006 3:48am
Quoting witchazel
this looks really good, still going through it.

im not sure about using the MFI though, as mt4 "fakes" volume, you are actually using the price x2 to generate the readings for this.
some of th indicator are just for reference, and some are for confirmation...and yes i make my trade by reading all the indicator...just to be sure....that i enter a gud trade.
  • #30
  • Oct 2, 2006 10:52pm Oct 2, 2006 10:52pm
i have been observing this method on the yen pair especially the pound/yen, i notice that the only indicator that react accordingly to this pair is the william %r indicator, okey..for those who trade the yen pair, just concerntrate on the william %r indicator to enter a trade...ignore the RSI,stoch and MFI because its to lagging for current yen movement.

regard,

abid
  • #31
  • Oct 3, 2006 4:46am Oct 3, 2006 4:46am
in order to add more confidence in your trade as well as to boost your pips, i personally suggest that the pro or newbie to learn the mouteki method, its worth the effort.

since my method rely on lagging indicator, it may have a little disadvantage in term of trading in a dynamic environment. a combination of both may help you decide the best trade and take more profit out of the market.


regard,

abid
  • #32
  • Oct 3, 2006 4:51am Oct 3, 2006 4:51am
Well I'm damn gald I didn't bet the family farm on this deaL
Trade what you see - Not what you think
  • #33
  • Oct 3, 2006 4:59am Oct 3, 2006 4:59am
Quoting summitfx
Well I'm damn gald I didn't bet the family farm on this deaL
haha....dont bet on family asset just to earn a decent income from forex...
  • #34
  • Oct 3, 2006 6:13am Oct 3, 2006 6:13am
Hi Abid,

Sorry, but with the MFI, RSI and %R could you please tell me which colours you have applied to them. If we set up the same as your chart examples, I'm sure the less experienced among us will follow more easily.

Also, you might mention that you have reversed the colours on the SHI-Silvertrend.

Also the values for the levels in the MFI/RSI/%R widow? The defaults are 20/80 & -20/-80, but at least some of yours are different?

The system looks good - but as you know "every little bit helps."

Thanks for your work and willingness to share.

Kind Regards,

Grahame
  • #35
  • Oct 3, 2006 7:11am Oct 3, 2006 7:11am
Quoting Grahame
Hi Abid,

Sorry, but with the MFI, RSI and %R could you please tell me which colours you have applied to them. If we set up the same as your chart examples, I'm sure the less experienced among us will follow more easily.

Also, you might mention that you have reversed the colours on the SHI-Silvertrend.

Also the values for the levels in the MFI/RSI/%R widow? The defaults are 20/80 & -20/-80, but at least some of yours are different?

The system looks good - but as you know "every little bit helps."

Thanks for your work and willingness to share.

Kind Regards,

Grahame
1) MFI(21)=blue
RSI(14)=red
%r(35)=yellow

2) yes i have reverse the color, blue dot for
0=blue=buy
1=red=sell

3) the level for this %r,because the reading are in negative

4) to make more convience just follow the level of overbought and oversold by MFI
  • #36
  • Oct 3, 2006 11:03am Oct 3, 2006 11:03am
Hello Neighbour,

Nice to see you open this thread.

Selamat Hari Raya Aidilfitri
  • #37
  • Oct 3, 2006 11:45am Oct 3, 2006 11:45am
Quoting divinefund
Hello Neighbour,

Nice to see you open this thread.

Selamat Hari Raya Aidilfitri
selamat berpuasa.., suppose its a month of ramadhan, still not syawal yet so its a lil bit early to wish Selamat Hari Raya Aidilfitri
  • #38
  • Oct 4, 2006 1:21am Oct 4, 2006 1:21am
Yeah you are right but in my country, there are plenty of sale promotion from the store owner by putting up those banners to extract customer to thier store.
  • #39
  • Oct 4, 2006 1:56am Oct 4, 2006 1:56am
Abid,

Selamat berpuasa. Nice system. I do trade a similar system to yours.

Envelopes 21 at .21 and .34 levels for profit taking.
EMA 21 - mid line
EMA 55- trend line (i added EMA 60 just so i have a tunnel, just used it as a second level trend indication)
Both above MA act as a resistance line for me as well.
LWMA 200 - as major resistance line.
Heikin Ashi bars

My rules are alot simpler... i guess, mostly its just price and action and trade the direction of the EMA 55, if it goes horizontal, then i will use oscillations plays.

{Image}

Salam.
  • #40
  • Oct 4, 2006 9:34pm Oct 4, 2006 9:34pm
Quoting jest1081
Abid,

Selamat berpuasa. Nice system. I do trade a similar system to yours.

Envelopes 21 at .21 and .34 levels for profit taking.
EMA 21 - mid line
EMA 55- trend line (i added EMA 60 just so i have a tunnel, just used it as a second level trend indication)
Both above MA act as a resistance line for me as well.
LWMA 200 - as major resistance line.
Heikin Ashi bars

My rules are alot simpler... i guess, mostly its just price and action and trade the direction of the EMA 55, if it goes horizontal, then i will use oscillations plays.

{Image}

Salam.
nice method though.....
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