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

Quoting nuna1976

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Dear Yasir, I really don´t know what you did. The last two signals worked great. The first one, you can see the divergence between the price and the MACD (Like I said before, works better when the new peak is a little bit apart than the last one) and the cross of emas (this trade gave us 20 pips of profit). the second signal show us divergence between the price and both the RSI and Stochastic (works better when the new peak is near the last one) and the cross of emas (this trade gave us 50 pips of profit). I hope this chart help you to understand the system. Regards everybody.
ALFREDO

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Quoting nuna1976

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Here is the chart, and another thing, This system was designed for the eur/usd on a 30 min chart. Regards.
Alfredo

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Quoting YasirYar

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hey nuna thanx for the kind repoly... i just need to know one thing.. do we NEED to havce a divergence before taking a trade?? or we can just when the EMAs cross.. and when we do take the diveragence.. shud we check from stoch or RSI?? coz bagovino 1 hr method says u can take a trade when EMAs cross and RSI goes abgove or below 50.. help me out please thanx.

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Quoting angiegiles00

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Hi Alfredo

Thanks for showing us the chart again.

Could you please give me the settings for the MACD as I could not make them out on the chart - pls forgive me as I am a complete newbie...

Apart from that the chart looks pretty much the same as I had

Cheers

Angie

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Quoting nuna1976

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Hey Yasir, the first thing we have to see is divergence to take the trade, and then wait for the cross of emas. In this system we do not lookt at the level of the RSI. Please read the explanation of the system, we look for divergence from RSI or Stochastic (and know MACD). Regards. Alfredo

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Quoting nuna1976

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Hi everybody. Firstable I want to say thank you to Sidus, Bagovino and Vegas for the wonderful systems and opinions in this forum. Second, I would like to share my System with you, that is called the BELLA SYSTEM. Somebody said to me once that simple methods work and complicated methods work too, so, why add so many indicators and complicate your life? I would like to hear your opinions about this system, and maybe we can improve it or combine it with the other methods.

1. Open a 30 min chart EUR/USD. Insert RSI (14), Stochastic Oscillator (14,3,3) and EMAS 5 and 13.

2. We have to watch for a divergence between the price and the RSI or the Stochastic. This is very important, because sometimes we don´t see a divergence between the price and the RSI, but the Stochastic show divergence compare to the price, and viceversa.

3. Once we saw the divergence we have to wait for the cross of the EMAS to go long or short.

4. I prefer to open the position with 2 lots and close half the position with 20-30 pips of profit, and move my sl to breakeven with the other lot, in case that the market begin to trend, we can win more pips, and if the price begin to go against you, you keep the 20-30 of the other lot.

5. Always put sl of 20-25. This strategy presents like 10-12 oportunities in a month and it is 90 % accurate.

6. Avoid to use this strategy when is big news day.

7. In the 15 min chart I had some bad signals and in the one hour chart we enter late to the party of pips. This system can work for the GBP/USD too, but your stop have to be like 30-40 pips.

Regards to everybody and I hope to hear from you !!!

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Quoting Cobra

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jskeving

Check out this link for divergences:
http://www.incrediblecharts.com/tech...ngth_index.htm


If you google the topic you will get more info on divergences.
Hope it helps.

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Quoting monarch

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I was introduced to this thread late last week, and I have traded the past 3 days using the Bella system. I took 3 different positions and made 93 pips, with no losses. Thanks for the help, I look forward to studying this system more in the weeks to come.
Monarch

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Quoting benitohau

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Hi Alfredo and hi all,

This is my first post in this forum.
I like divergence system, because it give more pips than cross system.
I improve this strategy with Osma and MFI indicators.
So in the charts I have 7 indicators:
1) EMA(5)
2) EMA(13)
3) RSI(14)
4) Stochastic (14,3,3)
5) MACD (8,17,9)
6) OsMa (12,26,9)
7) MFI (8)

Here's the rules:
Entry at close 1 bar after there is a divergence between 3 indicators and price.
Add position when EMAs' crossed.
Exit: after price move 20-30 pips in favor. (for exit you can use your own criteria)

Additional rules:
If we also see divergence in M15 or H1, it only need 1 or 2 indicators to validate the entry.
If we stopped out because it performed triple divergence, we should reentry with double lots.

I hope this help.

benitohau

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Quoting monarch

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I was introduced to this thread late last week, and I have traded the past 3 days using the Bella system. I took 3 different positions and made 93 pips, with no losses. Thanks for the help, I look forward to studying this system more in the weeks to come.
Monarch

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Quoting benitohau

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Hi Alfredo and hi all,

This is my first post in this forum.
I like divergence system, because it give more pips than cross system.
I improve this strategy with Osma and MFI indicators.
So in the charts I have 7 indicators:
1) EMA(5)
2) EMA(13)
3) RSI(14)
4) Stochastic (14,3,3)
5) MACD (8,17,9)
6) OsMa (12,26,9)
7) MFI (8)

Here's the rules:
Entry at close 1 bar after there is a divergence between 3 indicators and price.
Add position when EMAs' crossed.
Exit: after price move 20-30 pips in favor. (for exit you can use your own criteria)

Additional rules:
If we also see divergence in M15 or H1, it only need 1 or 2 indicators to validate the entry.
If we stopped out because it performed triple divergence, we should reentry with double lots.

I hope this help.

benitohau

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