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strategy HILO on GBP/JPY

  • #141
  • Jun 9, 2007 3:43pm Jun 9, 2007 3:43pm
Quoting mac18
Hi BZH,

Thanks for the charts. Looking at the 30 min chart, you seem to have posted your entries (red dotted vertical lines) once the 56sma have crossed correctly, but it still had not crossed the 21 low sma. Is this an adjustment for the scalp trade, but using the original rules for the main 240 trade? It might help to give us your 30 min scalp rules - I thought it was about the same as the 240 min one, but it may not be.

Thanks for your replies,

mac 18
hi, mac
next week i try to give my scalp rules in 30 mn ... on my blog ...
  • #142
  • Jun 12, 2007 8:41am Jun 12, 2007 8:41am
Could this be a possible long entry soon?

Adx 40

Almost at the cross?


Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 71 KB
  • #143
  • Jun 12, 2007 5:47pm Jun 12, 2007 5:47pm
ok we got entry from original rule, but the price is down now, so any opinion from others?
  • #144
  • Jun 13, 2007 5:35am Jun 13, 2007 5:35am
Heriyadi -

the way I understand it, we don't have a long entry till the 55 SMA - white on your chart- is BELOW price action. The 5sma needs to have crossed ABOVE the 21H, and the other factors (rising ADX, SD >0.3 etc) It looks like BZH may use the 30 min to scalp, but I still am not sure of his criteria, since he says to follow the 240 trend (as defined by the 55 sma), which was still short as of your chart, and seems to be satisfied with the 5/5 sma cross, not waiting for it to cross the 21 H/L. Perhaps he will elaborate? Some recent charts he posted were not strictly following his original rules as I read them - there are daily charts now in the mix. There seems to be some 'early' entries, before all the original criteria are satisfied, esp the trend part, so I think that one must be aware that it may not be a strong entry, might even reverse, and manage it accordingly.
Hope that helps,

mac 18
  • #145
  • Jun 13, 2007 7:45am Jun 13, 2007 7:45am
Quoting mac18
Heriyadi -

the way I understand it, we don't have a long entry till the 55 SMA - white on your chart- is BELOW price action. The 5sma needs to have crossed ABOVE the 21H, and the other factors (rising ADX, SD >0.3 etc) It looks like BZH may use the 30 min to scalp, but I still am not sure of his criteria, since he says to follow the 240 trend (as defined by the 55 sma), which was still short as of your chart, and seems to be satisfied with the 5/5 sma cross, not waiting for it to cross the 21 H/L. Perhaps he will elaborate? Some recent charts he posted were not strictly following his original rules as I read them - there are daily charts now in the mix. There seems to be some 'early' entries, before all the original criteria are satisfied, esp the trend part, so I think that one must be aware that it may not be a strong entry, might even reverse, and manage it accordingly.
Hope that helps,

mac 18
Hi traders !
I must sayt to you some things about the rules !

I ALWAYS trade with the trend ! but i have two technical : trade with 4H chart or scalping in 30mn chart.

when i trade on 4H chart , i take a trade in the same direction of daily and weekly and PRICE with MM55 ( above long , under short) on 4H chart !!!

when i trade 30 mn , i take a trade in the same direction of 4H and daily and PRICE with MM55 ( above long , under short)

For founding the trend , i use the cross of DI ... look at the chart !

bzh
Attached Image (click to enlarge)
Click to Enlarge Name: £y 30 mn du 13 juin 2007.gif Size: 15 KB
  • #146
  • Jun 13, 2007 1:33pm Jun 13, 2007 1:33pm
I must be missing somethig about the various entry criteria: I thought trend was determined solely by the position of price in relation the the 55 SMA. I'm not sure how the DI plays into it, by which I assume you mean the DI+ and DI- crosses (components of the ADX)

Looking at the daily chart, there is the beginnings of a cross of the 5 sma above the 6 today, but it has not crossed the 21 H. The 55 SMA is below price, so is that indicating an updtrend?

The 4 hr chart shows the 5/6 SMA cross had occured 11 June, but the 5 sma did not cross the 21 H till 21 June at 8 am EST, BUT, price is still below the 55 SMA! At which point would you have entered a long position for the 4 hr trade? Will you wait for price to rise above the 55 SMA on the 4 hr chart or not, thus using the long price position from the daily? and would you wait for the 5 sma to cross the 21 H or not (or should that be a cross of the 21 L)?

For the 30 min scalps, if we traded in the direction of the daily, that would be long for quite a while back. If we use the 4 hr trend, it was mainly short from 7 June till early today if I am still using the 55 sma as the trend guide. I suppose my question is, if you have the correct 5/5 sma cross, and adx is rising, you can enter a scalp trade on the 30 min without waiting for crosses of the 21 H/L?

Love this trade idea, but seem to be getting confused on the various entry criteria lately. Please help!

mac 18
  • #147
  • Jun 15, 2007 11:04am Jun 15, 2007 11:04am
i don't know if breizhfx invented this system or copied it from somewhere else, but making it public attracts my gratitude!
i made my own ea based on his system and i'm testing it for about a week and i say it is very very promising! i'll test it for a while, and if everything's ok, i'll go live and from first profit i'll donate breizhfx a good portion of it!
and then i'll begin managing accounts , but that's another business....
again, thanks for the system and you will hear from me in the near future!
  • #148
  • Jun 15, 2007 3:31pm Jun 15, 2007 3:31pm
Hi MM,

Mind telling us what your parameters are? I think I understand them, them something turns up and I am left wondering. I would like to know what seems to work out in your testing - I'm assuming you use both the 4 hr and 30min (to scalp) timeframes?
Any chance we could access your EA?

mac 18
  • #149
  • Jun 16, 2007 2:56am Jun 16, 2007 2:56am
Quoting marketmaker
i don't know if breizhfx invented this system or copied it from somewhere else, but making it public attracts my gratitude!
i made my own ea based on his system and i'm testing it for about a week and i say it is very very promising! i'll test it for a while, and if everything's ok, i'll go live and from first profit i'll donate breizhfx a good portion of it!
and then i'll begin managing accounts , but that's another business....
again, thanks for the system and you will hear from me in the near future!
Hi,
thks marketMaker !
I invented this system. It is the consequence of long searches(researches). i ' gave this system because I consider that everybody has to have a part of this magnificent cake on this market of the FOREX... Other thing, EA is not perfect !. I made it by means of a site of assistance for the programmation .because I am not a programmer mq4. If somebody nice could help me to make this automatic system more perfect it would be superl!

excuse me about my english , im french !

BZH
  • #150
  • Jun 18, 2007 11:45am Jun 18, 2007 11:45am
Did you go long breizhfx vbmenu_register("postmenu_1468260", true); after the market croseed the 55 ma and if so how did you determine your entry?


Thanks.


Cliff
  • #151
  • Jun 18, 2007 4:38pm Jun 18, 2007 4:38pm
Quoting trader1976
Did you go long breizhfx vbmenu_register("postmenu_1468260", true); after the market croseed the 55 ma and if so how did you determine your entry?


Thanks.


Cliff
Hi, cliff, scuse me , if you short , you haven't understood my system ... the best entry was about 241 , 00 . If you haven't taken this trade you are late about 400 pips !!! now it' s too late to take a long position on 4H chart . The only possibility is to try to catch the trend on 30 mn chart !!!!

regards

bzh my technical analys
  • #152
  • Jun 19, 2007 8:22am Jun 19, 2007 8:22am
the 30 mn chart ! for Cliff !

bzh
  • #153
  • Jun 19, 2007 9:09am Jun 19, 2007 9:09am
Thanks so when you took that trade at 241.00 long on the 4 hr chart you just waited for the 55 ma to be on the long side and adx to be up?

Also on the 30 min you are waiting until adx goes above 40 and ma 55 above market?


Thanks.

Cliff
  • #154
  • Jun 19, 2007 10:07am Jun 19, 2007 10:07am
Quoting trader1976
Thanks so when you took that trade at 241.00 long on the 4 hr chart you just waited for the 55 ma to be on the long side and adx to be up?

Also on the 30 min you are waiting until adx goes above 40 and ma 55 above market?


Thanks.

Cliff
yes cliff , you have understood ! but about adx must to be >> 20 . If adx > 40 and going up it's better

bzh
  • #155
  • Jun 19, 2007 1:21pm Jun 19, 2007 1:21pm
in the future can you start to possibly post your trade entries when you reccommend taking them?


Thanks,

CLIff
  • #156
  • Edited 9:36am Jun 20, 2007 5:50am | Edited 9:36am
Quoting trader1976
in the future can you start to possibly post your trade entries when you reccommend taking them?


Thanks,

CLIff
Yes ! ipost my futur entries !

hi traders ,

Somethings about standard deviation indicator ...
The chances of success of the trade are very good when standard deviation indicator is >0.5 or more . i' ve determined that 0.3 is good , but look at the chart ! when it's >0.5 ... marvellous !!!

Other things, I decided to delete the ma55 and to take trades in the direction of the weekly and daily , always when ma5 cross the hilo.I considere that the entris are much bette !


bzh
  • #157
  • Jun 20, 2007 12:48pm Jun 20, 2007 12:48pm
Do you think that the eur/jpy could be a possible buy soon if standard deviation rises above 3 and adx goes back up above to 40?



Thanks,


Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 73 KB
  • #158
  • Jun 21, 2007 9:36am Jun 21, 2007 9:36am
Quoting trader1976
Do you think that the eur/jpy could be a possible buy soon if standard deviation rises above 3 and adx goes back up above to 40?



Thanks,


Cliff
hi cliff, i see on rigth corner the bad EA for €UR JPY! But now you must to be flat on this currencies because , adx is going down, std >0.3 ans ma56 are in the hilo !

About GBP JPY , look my technical analyse ...



bzh
  • #159
  • Jun 21, 2007 4:36pm Jun 21, 2007 4:36pm
dear breizhfx
it's my first time here ,,, don't know how I didn't see it before "not good for me"
I think it's soooo good ,,, I'm trying it now so I need your help
according to this system ,, there's a signal now for eurusd to go short ??
or am I missing something

thanks

If you count on hope in any trade ……. Get out of it
  • #160
  • Jun 21, 2007 8:03pm Jun 21, 2007 8:03pm
I return to the thread and study it ..
now I found that chart over 55 sma so I will not go short yet
if it cross 55 sma I'll go short under 1.3360

or if it cross 21 sma hi agin i'll go long over 1.3420
what do u think ?
If you count on hope in any trade ……. Get out of it
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