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Weekly Charts Trading system-picking tops and bottom

  • #101
  • Jun 1, 2007 7:50am Jun 1, 2007 7:50am
Hi Hello1234

I have just finished reading through your thread and am finding it very interesting, I'm sure that longer term trading is the way to go, I will contribute where possible...keep up the good work and dont lose the faith.
  • #102
  • Jun 1, 2007 8:40am Jun 1, 2007 8:40am
dear hello..

Thanks for your system...may you clarify the below inquiries:

1- So for the time being...ur strategy focuses on 4h chart and enter the trade based on the daily charts...right?

2- You are using the same indicators on the 4h and the daily charts...(EMA 5 open, EMA 5 close...simple stock(10,3,3) close/close, RSI 5,13 close)...right?

3- Do you have any manual or web site or thread that explains the Vegas indicator....I do not know how to analyze it if I want to use it..

Thanks,
Mo
  • #103
  • Jun 1, 2007 9:24am Jun 1, 2007 9:24am
Quoting Cosmo II
Hi Hello1234

I have just finished reading through your thread and am finding it very interesting, I'm sure that longer term trading is the way to go, I will contribute where possible...keep up the good work and dont lose the faith.
YOU ARE WELCOME AND WE WILL BE LOOKING FOR YOUR TRADING WISDOM
  • #104
  • Jun 1, 2007 12:20pm Jun 1, 2007 12:20pm
Quoting hello1234
If you use daily and weekly it will make tons of money for you and if you use 4 H it will again make tons of money for you, it alll depends on you.
Hello 1234, sorry for asking, but are you talking about this tons of money from your experience or just from theory? Can you be so kind to post your own trades, so we can all learn better how to enter, filter and exit trades from you? That would be great.

For example, thanx to your strategy, I have made 60 pips on EUR CHF and 90 on GBP USD.
We leave no soldier behind.
  • #105
  • Jun 1, 2007 3:12pm Jun 1, 2007 3:12pm
Quoting gagiul
Hello 1234, sorry for asking, but are you talking about this tons of money from your experience or just from theory? Can you be so kind to post your own trades, so we can all learn better how to enter, filter and exit trades from you? That would be great.

For example, thanx to your strategy, I have made 60 pips on EUR CHF and 90 on GBP USD.

Definitly i am trading a live account and it really makes money, you just need to go with it, i will keep posting my trades as and when i will take them in market. the strategy is so simple that you even can devise your own profitable rules but let it be as it is, if you can. I know it does not look that fancy and attrctive on the charts but to have that look is not the aim of any strategy but only to make money is the goal of this strtegy and that it will do well.
  • #106
  • Jun 2, 2007 4:04am Jun 2, 2007 4:04am
Hi Hello1234,

Scalping, scalping, scalping, screen, screen, screen aaaaaall day. I am tired, bored, I have got grey hair and presbyopia in my right eye. I have ended by hate this life system. You are right: it is far best to think of forex in long term vision, as a inversion, a relative quiet inversion that gives us time to live as life is very short time span and it is better to see the clouds in the sky and not in the screen.
I will abandon my old, dangerous and not so productive trading habits.
The Holy Grail is not in the system, or in the market, or outside, it is inside the trader, it is based in a quiet, disaffected state of mind that can see the market quietly and take the right and non emotional decision needed.
Your method points in that direction.
Thanks for share it, I will contribute if possible.
  • #107
  • Jun 2, 2007 4:16am Jun 2, 2007 4:16am
[quote=hello1234;1433539]Lot of people will show little interest to this thread because of their immediate desires of returns leading them to day trading and ultimately demise to 99 % trader's financial carriers.

It is the same thing to bank a profit of say 1000 pips once a month that a daily profit of 50 pips, so dont worry and dont run, simply follow the rules
  • #108
  • Jun 2, 2007 8:49am Jun 2, 2007 8:49am
[quote=mazamo;1456717]
Quoting hello1234
Lot of people will show little interest to this thread because of their immediate desires of returns leading them to day trading and ultimately demise to 99 % trader's financial carriers.

It is the same thing to bank a profit of say 1000 pips once a month that a daily profit of 50 pips, so dont worry and dont run, simply follow the rules
YOU ARE WELCOME
WE ALL WILL BE LOOKING FOR YOUR IN PUT AND EXPERIENCE IN THE MARKET, LETS MAKE THIS SYTEM A MONEY MAKING MACHINE FOR THOSE WHO HAVE FAILED ELSE WHERE.
EXACTLY PIN POINTED BY YOU THAT WE EARN MONEY FOR LIFE AND LIFE IS NOT FOR MONEY, IF IN THE PROCESS OF DOING SO WE DONT HAVE TIME FOR LOVED ONES AND NO SOCIAL LIFE THAN IT IS DEFINITLY A PURSUIT IN THE WRONG DIRECTION.
MOREOVER, LONG TERM TRADERS MAKE MONEY ONLY AND ESPECIALLY SELF DIRECTING TRADERS NEED LONG TERM TRADES HAVING SMALL CAPITAL TO START AND SLOWLY AND GRADUALLY MEETING THEIR AMBITIONS.
IT IS ALSO FACT THAT WHAT SO EVER TIME YOU TRADE THE RESULT WILL ALWAYS BE THE SAME MORE OR LESS, BECAUSE IT IS NOT THE NUMBER OF TRADES ONE TAKES ANY MARKET BUT HIS MONEY MANAGEMENT THAT WILL MAKE MONEY FOR HIM. SO IF END PRODUCT IS THE SAME KEEPING IN VIEW OUR INITIAL CAPITAL THAN WHY TO LEFT LIFE FULL OF TENSION IN FRONT OF AN UN NATURAL PLACE.
YOUR COMMENTS PLEASE
THIS MAY NOT SOUND TO INTRA DAY OR SCALPERS TRADERS BUT PLEASE DO BEAR WITH US THOSE WHO ARE CHANGING TO NEW TENSION FREE WORLD WITH SAME RESULTS
  • #109
  • Jun 2, 2007 10:35am Jun 2, 2007 10:35am
This information may help you to establish pip goals for the week on the GbpUsd
Attached Image
  • #110
  • Jun 2, 2007 10:37am Jun 2, 2007 10:37am
The pink line is the average weekly range (WAR) of the gbpusd for the year and the blue line shows the range of motion for the last 20 weeks.
Attached Image
  • #111
  • Jun 2, 2007 10:39am Jun 2, 2007 10:39am
Weekly Fib Retracements
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  • #112
  • Jun 2, 2007 10:44am Jun 2, 2007 10:44am
It had a range of motion 166 pips with a lower close then opening and has retraced back through the 50 fib and half way to 61.8 and has closed above an upper trend line
Attached Image
  • #113
  • Jun 2, 2007 2:48pm Jun 2, 2007 2:48pm
Thanks GOODTHINGS FOR YOUR INSIGHT AND I WILL BE LOOKING FOR YOUR COMMENTS ABOUT THIS SYSTEM

please put your experience in the system so that we all can benefit
  • #114
  • Jun 3, 2007 5:31pm Jun 3, 2007 5:31pm
Dear hello1234,

you did not answer to my thread number 102. i want to confirm with you if you using any more indicators on the H4 or daily levels (maybe trend indicator for the daily chart). Are you using Vegas indicator on the daily charts?. If yes, may you explain how it works technically.

Thanks,
Mo
  • #115
  • Jun 3, 2007 10:35pm Jun 3, 2007 10:35pm
Quoting kingbasho
Dear hello1234,

you did not answer to my thread number 102. i want to confirm with you if you using any more indicators on the H4 or daily levels (maybe trend indicator for the daily chart). Are you using Vegas indicator on the daily charts?. If yes, may you explain how it works technically.

Thanks,
Mo
i dont use vegas daily any more and this is the system which has four indicators for both daily and weekly and that is all. please if you want to use this sytem, these indicators are already more than what is required
  • #116
  • Jun 5, 2007 6:47pm Jun 5, 2007 6:47pm
Potential high forming on the gbpusd.
Attached Image
  • #117
  • Jun 5, 2007 8:00pm Jun 5, 2007 8:00pm
The pink line is the yearly (WAR) and the yellow line is the weekly range of motion to date (154 pips) compared to the past 20 weeks
Attached Image
  • #118
  • Jun 5, 2007 8:32pm Jun 5, 2007 8:32pm
short on EURCHF on daily chart??????
  • #119
  • Jun 5, 2007 11:44pm Jun 5, 2007 11:44pm
Quoting paly666
short on EURCHF on daily chart??????
Hm, dont know what to say, doesnt seem very reliable.

Better keep an eye on EUR/JPY for a possible short, and USD/JPY has been a good sell until now. I entered at 121.75 yesterday, with really small stop at 122.10. However, the trend is up, so I will exit at retracements. Besides these 2, I dont see any coming signals on the Daily...
We leave no soldier behind.
  • #120
  • Jun 6, 2007 9:57am Jun 6, 2007 9:57am
sorry for my english is not my native lenguage, thanks
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