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Payapa Trading System - Modified Ali's Version

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  • Post #301
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  • May 19, 2020 2:59pm May 19, 2020 2:59pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Quoting Winnigag
Disliked
As one who uses the TREND STRENGTH RSI, This is how i use it. Disable Monthly TF. Values under 50---- Favor short trades...I dis-regard all trades against the trend Vales under 30--- Im more likely to take reversals, seeing the Overall picture is extended. (There is no set rule for this, each trader just has to assess the market and make that decision for themselves.Since, the market in a strong downtrend can keep pushing down and down for days even in an overextended state. Just use other confluences to make a good decision with risk management....
Ignored

Great Explanation
and thanks for sharing have added great value
let's do this
 
 
  • Post #302
  • Quote
  • May 19, 2020 4:18pm May 19, 2020 4:18pm
  •  morne72
  • | Joined Dec 2014 | Status: Member | 85 Posts
Testing with an additional indicator

Sell on EU

EU crossed below the MA

EU formed 2 Lower highs

RSI -MTF ranging

MTF trend indicator based on moving averages showing as bearish on the daily and weekly

Lets see how it goes

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  • Post #303
  • Quote
  • May 19, 2020 4:22pm May 19, 2020 4:22pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
USDCAD

let's role
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  • Post #304
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  • May 19, 2020 4:25pm May 19, 2020 4:25pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Quoting morne72
Disliked
Testing with an additional indicator Sell on EU EU crossed below the MA EU formed 2 Lower highs RSI -MTF ranging MTF trend indicator based on moving averages showing as bearish on the daily and weekly Lets see how it goes {image}
Ignored
i am starting to use this zoom it is the zoom before the last one which should show a clearer picture of the support and resistance zone
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  • Post #305
  • Quote
  • May 19, 2020 4:32pm May 19, 2020 4:32pm
  •  tuxTrader
  • Joined Aug 2018 | Status: Member | 304 Posts
I finished explanation of TUX_Trend_Indicator. you can read here.
 
 
  • Post #306
  • Quote
  • May 19, 2020 4:42pm May 19, 2020 4:42pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Quoting tuxTrader
Disliked
I finished explanation of TUX_Trend_Indicator. you can read here.
Ignored
Great Work

thank you again for adding much value
 
 
  • Post #307
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  • May 19, 2020 4:43pm May 19, 2020 4:43pm
  •  Yashir
  • | Joined Apr 2020 | Status: Member | 75 Posts
Quoting alhalawi
Disliked
Hi all Payapa trading system is not known widely in the Forex world and it can be Very Profitable Best trading time frames are M15 and H1 i have modified the original system to be more simple to trade and believe me it's extremely simple. i will attach the Templates and the indicators used i will also attach the modification of Fibonacci to be used as SL and Profit Targets this system should get you 3 RR Trades which is high in regards to other systems There is 2 types of entries on this system one conservative and non conservative Conservative:...
Ignored
First looks nice trading idea. Can kindly upload the modified fibo. it will help us to configure the system. thanks in advance
 
 
  • Post #308
  • Quote
  • May 19, 2020 4:45pm May 19, 2020 4:45pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Quoting Yashir
Disliked
{quote} First looks nice trading idea. Can kindly upload the modified fibo. it will help us to configure the system. thanks in advance
Ignored
Attach this to your chart and when you take the trade it will come up automatically

you can also do it manually as i posted on post #1 on how to do it
Attached File(s)
File Type: ex4 TUX_AutoFibo.ex4   54 KB | 330 downloads
 
 
  • Post #309
  • Quote
  • May 19, 2020 4:50pm May 19, 2020 4:50pm
  •  OmegaFire
  • | Joined Apr 2009 | Status: Member | 183 Posts
Went through the charts,

The following setups are ready or almost ready,

SELL
AUDUSD
NZDUSD
USDJPY

BUY
GBPAUD
USDCAD

Trade carefully. You don't have to trade all the currencies. Just take your best setup and watch the chart closely
Already making almost USD80 trading only GBPAUD on a USD200 account (By the way that's bad risk management)
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In all your ways acknowledge Him and He will direct your path.
 
 
  • Post #310
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  • May 19, 2020 4:58pm May 19, 2020 4:58pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Quoting OmegaFire
Disliked
Went through the charts, The following setups are ready or almost ready, SELL AUDUSD NZDUSD USDJPY BUY GBPAUD USDCAD Trade carefully. You don't have to trade all the currencies. Just take your best setup and watch the chart closely Already making almost USD80 trading only GBPAUD on a USD200 account (By the way that's bad risk management) {image}
Ignored
That's a very very BAD RISK MANAGEMENT hahahaha

And you still insisting on GA which is trending heavily down and there are more pairs that meet better the setup which goes with the trend
 
 
  • Post #311
  • Quote
  • May 19, 2020 5:04pm May 19, 2020 5:04pm
  •  Winnigag
  • | Joined Feb 2019 | Status: Member | 23 Posts
I really like the EURUSD Trade by Morne72. Tons of confluence along the way. I added my chart just to show support. But if EU and UJ, and both down...leads me to think ..EJ sells should be golden
EURUSD
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EURJPY- May add this to into Asian Session
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  • Post #312
  • Quote
  • May 19, 2020 5:08pm May 19, 2020 5:08pm
  •  Winnigag
  • | Joined Feb 2019 | Status: Member | 23 Posts
Quoting alhalawi
Disliked
{quote} That's a very very BAD RISK MANAGEMENT hahahaha And you still insisting on GA which is trending heavily down and there are more pairs that meet better the setup which goes with the trend
Ignored

ITS TERRIBLE ESP WITHOUT A SL. I have done this many times...so i wont judge. And by my charts....I see some confluence actually. It may not be a bad trade
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. Happy pips bro
 
 
  • Post #313
  • Quote
  • May 19, 2020 5:12pm May 19, 2020 5:12pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Quoting Winnigag
Disliked
I really like the EURUSD Trade by Morne72. Tons of confluence along the way. I added my chart just to show support. But if EU and UJ, and both down...leads me to think ..EJ sells should be golden EURUSD {image} EURJPY- May add this to into Asian Session {image}
Ignored
Yes EJ is on my Very hot list
 
 
  • Post #314
  • Quote
  • May 19, 2020 5:15pm May 19, 2020 5:15pm
  •  yako47
  • | Joined Apr 2017 | Status: Member | 62 Posts
So here we go short for CADCHF ...
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  • Post #315
  • Quote
  • May 19, 2020 5:16pm May 19, 2020 5:16pm
  •  tuxTrader
  • Joined Aug 2018 | Status: Member | 304 Posts
Quoting tuxTrader
Disliked
{quote} Hi, price is on resistance zone on both chart and oscillator. daily and weekly trend show consolidation. so it's probably a good opportunity for sell. but i wait for close of candle under ema21 and then enter sell. {image}
Ignored
I closed EURNZD trade near TP3 level, +250 pips

EURUSD,H1 (SELL):

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1- Price is on resistance zone on both chart and oscillator
2- TTI shows down trend on daily and weekly timeframes
3- Candle closed below EMA21
4- Red arrows appears as final confirmation
 
 
  • Post #316
  • Quote
  • May 19, 2020 5:21pm May 19, 2020 5:21pm
  •  yako47
  • | Joined Apr 2017 | Status: Member | 62 Posts
Quoting alhalawi
Disliked
{quote} Yes EJ is on my Very hot list
Ignored
look like its ready no .... will wait for 1H candle to close to go short .
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  • Post #317
  • Quote
  • May 19, 2020 5:21pm May 19, 2020 5:21pm
  •  alhalawi
  • Joined Aug 2013 | Status: Member | 392 Posts
Very Happy to see great traders trading this system

lots of people doubted it but here you go, some great trades and great improvements

Thank you all

let's keep the progress going
 
1
  • Post #318
  • Quote
  • May 19, 2020 5:29pm May 19, 2020 5:29pm
  •  Winnigag
  • | Joined Feb 2019 | Status: Member | 23 Posts
Quoting tuxTrader
Disliked
{quote} I closed EURNZD trade near TP3 level, +250 pips EURUSD,H1 (SELL): {image} 1- Price is on resistance zone on both chart and oscillator 2- TTI shows down trend on daily and weekly timeframes 3- Candle closed below EMA21 4- Red arrows appears as final confirmation
Ignored
Awesome Trade BRO!!

@alhalawi its an amazing system. TBH I wish we could get a fix on the zoom issue, Im trying a solution in the works.....initial results seem good..but it still has its weaknesses. I'll share it a little later .
 
 
  • Post #319
  • Quote
  • May 19, 2020 5:32pm May 19, 2020 5:32pm
  •  Winnigag
  • | Joined Feb 2019 | Status: Member | 23 Posts
Quoting yako47
Disliked
{quote} look like its ready no .... will wait for 1H candle to close to go short . {image}
Ignored

Its pretty much there...i think we might get a little bounce...so im waiting to see it may catch a better price or miss the boat . haha

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  • Post #320
  • Quote
  • May 19, 2020 5:36pm May 19, 2020 5:36pm
  •  OmegaFire
  • | Joined Apr 2009 | Status: Member | 183 Posts
Quoting yako47
Disliked
So here we go short for CADCHF ... {image}
Ignored
Nice one

Which indicator do you use to tile all your currency pairs on the left side of your screen for easy toggling. Can you share pls?
In all your ways acknowledge Him and He will direct your path.
 
 
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