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multiple systems per pair/multiple pairs per system? 3 replies

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  • #61
  • Edited 9:37am May 18, 2025 9:17am | Edited 9:37am
Quoting vidvad
{quote} This is 100% true, as he claims 92% winners and yet I use none of that extraneous stuff and I sit quite comfortably upon a claim of 94% winners. Keep in mind, however, that while it was once claimed that 73.6% of statistics are made up on the spot to support some otherwise unsubstantiated claim, that number has risen to 95.3% in the age of the internet, and to an amazing 99.69% when specifically referring to claims made on trading forums.
Hi VidVad,
I will post every trade I take with this system, win or lose and we can tally up at the end of the week / month. I feel this will be the only way to get an accurate win rate and % gain or loss for people to see. It is very difficult for people to believe in trading results these days, people need hard evidence and I don't blame them. If I can get satisfactory results then I see no reason why other cannot do the same.
The system is accurate in producing winning trades, however you know what the markets can be like.
Time will tell.
Your trade order needs to be in the right place at the right time.
  • #62
  • May 18, 2025 9:21am May 18, 2025 9:21am
The thought just came to my mind...I would like to mention that the very first time I saw any techniques associated with MA channel was in the Rocky thread.

"Oldtimers" who already looking at this thread know who and what I mean. GL to All this week!
  • #63
  • May 18, 2025 9:28am May 18, 2025 9:28am
Quoting turnip15
{quote} Very similar but slightly different to Laura's "Roadmap" thread https://www.forexfactory.com/thread/993524-roadmap-a-way-to-read-markets Will follow with interest.
Hi T,
If you look into the majority of systems they have to be similar because the market will always break support or resistance, pullback, trend etc. it makes the same moves everyday. Traders are aware of this and build systems around those moves. My system as you know is based on trading the pullback, it is nothing new.
The main thing is to master yourself not just your system because you are part of the system.
I hope to get some good trades this week and share with others.
Lets see what tomorrow brings
Your trade order needs to be in the right place at the right time.
  • #64
  • May 18, 2025 9:31am May 18, 2025 9:31am
Quoting Islandfx911
{quote} Hi T, If you look into the majority of systems they have to be similar because the market will always break support or resistance, pullback, trend etc. it makes the same moves everyday. Traders are aware of this and build systems around those moves. My system as you know is based on trading the pullback, it is nothing new. The main thing is to master yourself not just your system because you are part of the system. I hope to get some good trades this week and share with others. Lets see what tomorrow brings
Excellent post and very pertinent.
every Saint has a past. Every Sinner has a Future
  • #65
  • May 18, 2025 9:35am May 18, 2025 9:35am
@Driven,
Can you tell me the approximate time you start trading and the time frames you trade so I can research Dow trades.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #66
  • May 18, 2025 9:47am May 18, 2025 9:47am
This is what to look for.
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Your trade order needs to be in the right place at the right time.
  • #67
  • Edited 10:03am May 18, 2025 9:51am | Edited 10:03am
Quoting Islandfx911
@Driven, Can you tell me the approximate time you start trading and the time frames you trade so I can research Dow trades. Regards Rob
I trade between 06:00 am PST - 12:30 pm PST and I suggest you choose any TF 5 Min and up, it can be your favorite TF 15 Min.
  • #68
  • May 18, 2025 9:57am May 18, 2025 9:57am
Quoting Islandfx911
This is what to look for. {image}
This implies bar 2 immediately following bar 1, correct? Not 1 or 2 bars later.
  • #69
  • May 18, 2025 10:19am May 18, 2025 10:19am
Quoting forex-nl
{quote} This implies bar 2 immediately following bar 1, correct? Not 1 or 2 bars later.
Does this answer your question?
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Your trade order needs to be in the right place at the right time.
  • #70
  • May 18, 2025 10:24am May 18, 2025 10:24am
Quoting Islandfx911
{quote} Does this answer your question? {image}
It does indeed, Thank you.
  • #71
  • May 18, 2025 10:43am May 18, 2025 10:43am
Quoting driven18
{quote} I trade between 06:00 am PST - 12:30 pm PST and I suggest you choose any TF 5 Min and up, it can be your favorite TF 15 Min.
I grabbed a one of your trades for a comparison.
I don't trade US markets very often but I will post what I can.
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Your trade order needs to be in the right place at the right time.
  • #72
  • Edited 11:49am May 18, 2025 11:33am | Edited 11:49am
Quoting Islandfx911
{quote} I grabbed a one of your trades for a comparison. I don't trade US markets very often but I will post what I can. {image}
OO, Sounds like a challenge! The floor is all yours, sir
  • #73
  • May 18, 2025 12:04pm May 18, 2025 12:04pm
Quoting turnip15
{quote} Very similar but slightly different to Laura's "Roadmap" thread https://www.forexfactory.com/thread/993524-roadmap-a-way-to-read-markets Will follow with interest.
Laura's roadmap thread is top tier FF and has spawned several systems discussions that are similar to hers.

I don't know if Laura ever mentions it, but I believe that Rhagee Horner was the first person I remember who introduced and popularized the use of ema bands amongst us would be forexfactory workers. I seem to recall a long time thread here dating back long before I became a member that was based on her 34 ema bands. I think it may have started back during the GFC,
Life itself is a privilege, but to live life to the fullest is a choice
  • #74
  • Edited 3:55pm May 18, 2025 12:14pm | Edited 3:55pm
Quoting Islandfx911
{quote} Hi VidVad, I will post every trade I take with this system, win or lose and we can tally up at the end of the week / month. I feel this will be the only way to get an accurate win rate and % gain or loss for people to see. It is very difficult for people to believe in trading results these days, people need hard evidence and I don't blame them. If I can get satisfactory results then I see no reason why other cannot do the same. The system is accurate in producing winning trades, however you know what the markets can be like. Time will tell....
I don't have any doubts in you. I was referring to someone else who was claiming he has a 92% win rate.

If I had a 92% win rate I'd not be able to log in to FF because my private island would be off the grid.

I wish you well with the thread and I'm watching with interest. I have an affinity to any method that reminds me of either LauraT's roadmap or rocky's renko method.
Life itself is a privilege, but to live life to the fullest is a choice
  • #75
  • May 18, 2025 12:25pm May 18, 2025 12:25pm
Quoting vidvad
{quote} Laura's roadmap thread is top tier FF and has spawned several systems discussions that are similar to hers. I don't know if Laura ever mentions it, but I believe that Rhagee Horner was the first person I remember who introduced and popularized the use of ema bands amongst us would be forexfactory workers. I seem to recall a long time thread here dating back long before I became a member that was based on her 34 ema bands. I think it may have started back during the GFC,
Absolutely LOVE Laura and her thread RoadMap... Started trading it as soon as she started the thread 5 yrs ago...
Reading thru this thread this morning and that was my thought as well...Bands..RoadMap etc Not anything new under the Sun
Just different twists and turns and most importantly is how it fits you personally as a trader.

Heres a few charts from 2022 ? One of Dow other Oil both 5 min using Bands and other things...

Entries were mostly on 1min using the 1&5min together as confluence...

I have shyed away from talking about this much because this is one of the ingredients of my secret sauce lol...

But when a market starts to run...I have used the channel as a way to add to positions and to close..
To close is simply a Close on opposite side of channel... I have caught massive runs with this method of keeping
myself in a trade.... As Driven says tho...It can be a real mind$%^& hanging in...

and on the flipside when price starts going vertical Short or long...The bars are opening and closing clearly
outside the channel I am adding in on each consecutive bar... Thats where the real Mind$%^& happens as
your size grows and price reverts into the band ..The mind is screaming to close and I have countless times tbh..
But wait for the close outside of the channel...that is the winning ticket on big days...

Anyhoo 8ema 5ma 5ema pick your lane and stick to it,

These charts are from a long post with many other examples on Lauras thread,,,

May look a bit similar to what Islander is showing but with variation of course.

Cheers
Blue

Ahh I see the timestamp is May 20,2023 on the charts below...almost 2 yrs to the day

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Master your Mind,,,Master the Market
  • #76
  • May 18, 2025 5:22pm May 18, 2025 5:22pm
Quoting driven18
{quote} OO, Sounds like a challenge! The floor is all yours, sir
No Challenge, I started thread just to show the system for others to see if it suited them. No guarantees it will be any good for you as I don't trade US market enough to comment on it. Nothing to prove just posting charts on trades.
Your trade order needs to be in the right place at the right time.
  • #77
  • May 18, 2025 5:25pm May 18, 2025 5:25pm
Quoting Islandfx911
{quote} No Challenge, I started thread just to show the system for others to see if it suited them. No guarantees it will be any good for you as I don't trade US market enough to comment on it. Nothing to prove just posting charts on trades.
It was a friendly joke...keep up good work!
  • #78
  • May 18, 2025 6:36pm May 18, 2025 6:36pm
Quoting driven18
{quote} It was a friendly joke...keep up good work!
Your trade order needs to be in the right place at the right time.
  • #79
  • May 18, 2025 7:08pm May 18, 2025 7:08pm
Short EJ
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 19 05 2025 AS .png Size: 12 KB


It has some support there so we'll see what happens.
Your trade order needs to be in the right place at the right time.
  • #80
  • Edited 10:19pm May 18, 2025 7:29pm | Edited 10:19pm
Quoting vidvad
{quote} I don't have any doubts in you. I was referring to someone else who was claiming he has a 92% win rate. If I had a 92% win rate I'd not be able to log in to FF because my private island would be off the grid. I wish you well with the thread and I'm watching with interest. I have an affinity to any method that reminds me of either LauraT's roadmap or rocky's renko method.
Hi Vidvad

Professional scalpers actually trade with often a 3 to 1 risk to reward ratio so a breakeven win rate needed for many scalpers would be around 75%. A good scalper would need to above 80% win rate to make real money but they need “controlled rage” to trade and trust themselves totally because they are most likely to trade without a fixed stop and use a mental monetary one instead.

I wish I owned an Island but not any time soon.

Cheers

PS. Fixed up typo, thanks B.Willians
Trading thin liquidity at the boundary of the charts
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