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Supernova GBP/JPY Mini Trend Catcher

  • #701
  • Sep 3, 2007 6:54pm Sep 3, 2007 6:54pm
Hi cryten and thanks for your great system.

I have been readin through the whole tread for a few days and did enter some trades today on my demo account, but most of them were losses.
Can you please explain in more details what exactly you mean by shadow candles or is there anything I need to be aware to stay out of the trade, since all the other indocators were lined up?

Thanks in Advance.
  • #702
  • Sep 3, 2007 7:55pm Sep 3, 2007 7:55pm
Those Heikin-Ashi candles are still a bit of mystery to me. I’m looking at one right now (1H) it’s red, has no upper shadow and a long lower shadow.

Now, I’m used to regular candes so that to me says price opened and is going down, never went up higher than opening, went down quite a bit and up again and is now at “the close” (bottom) of the cande.

However, that’s not it at all with Heikin Ashi. The current price is actually in the middle of the candle (1/2 and hour or so has passed).

For those tryting to undersand how the HA candles work, here’s some help:

Normal candlestick = OHLC.

Heikin-Ashi =

xClose = (Open+High+Low+Close)/4
Average price of the current bar

xOpen = [xOpen(PreviousBar) + Close(Previous Bar)] /2
Midpoint of the previous bar

xHigh = Max(High, xOpen, xClose)
Highest value in the set

xLow = Min (Low, xOpen, xClose)
Lowest value in the set
  • #703
  • Sep 4, 2007 4:46am Sep 4, 2007 4:46am
Hi!

TF5.

Bought GBPUSD at 2,0157 (11:40cet/09:40gmt). Stop at 2,0140.
  • #704
  • Sep 4, 2007 5:17am Sep 4, 2007 5:17am
Hi!

Closed at 2,0130. -27 pips.
  • #705
  • Sep 4, 2007 5:44am Sep 4, 2007 5:44am
currently i using 15min TF for gbp/jpy.
Any one have any idea about stop lose/target profit for this pair?
Please advice
  • #706
  • Sep 4, 2007 6:41am Sep 4, 2007 6:41am
Quoting cryten
hmm I'm still really angry from this morning, selling my laptop on ebay and all of a sudden 10 mins before auction end someone with no feedback and just registered today bids over a genuine bidder. yeah right! cancelled that bid.

2 mins later another no feedback just signed up today moron bids, again I cancel, then I looked in bid history and both their maximum bids were £3000 more then what the laptop was worth new 2 years ago!

Anyway in the space of the last 10 mins of my auction I had the cancel bids page up and was copy pasting their scammer names in! A genuine bidder finally I thought got in and with 5 seconds to go the £%%@~!!"££$£~:@:~~~! bid and won!!! I think the whole street heard me curse especially 5 minutes later getting "you been paid" paypal email and there aint nothing in my account. NIGERIAN SCAMMERS!!!! (i'm not being racist his fake paypal email had a nigerian address) i hate ebay now, the scammers run that show
Cryten,
I don't get it.

Why would anyone go to the trouble to do that?
Surely, you're not going to deliver the merchandise to him. Surely, he knows that.
What did the person gain from his trouble?
  • #707
  • Sep 4, 2007 10:34am Sep 4, 2007 10:34am
Hi Folks!

Just ended my first live trade....

in tears ... sniff!

No: Only joking. Long GBPJPY on the 30M chart after all indicators loved it at 233.03 and out at a preset 233.92 ( as I do read charts :-) ). Beautiful. If only I had not done it with such a feeble lot size.

I really like this by now. 34 demo trades with only 3 lame ducks and now for the real world. Thanks Cryten

Greetz
Gnat
  • #708
  • Sep 4, 2007 10:41am Sep 4, 2007 10:41am
hey all

iam just asking about the best timeframe for this system

is it 5 min or 15 min or 30 ???
  • #709
  • Edited 11:41am Sep 4, 2007 11:05am | Edited 11:41am
Quoting eng_forex171
hey all

iam just asking about the best timeframe for this system

is it 5 min or 15 min or 30 ???
Well... from my personal point of view I find myself willing to wait for 1H or 4H but then again not able. I get nervous after a few hours of waiting, although those may be the better trades.
Then for the 5M and 15M I do not get enough confirmation to enter and do not feel "safe" about it. I found myself watching the 30M again and again for confirmation for both the long trades and the extremely short ones.
So now I guess I settled myself in the 30M range and maybe, as the groove has it, trading a 15M signal every now and then after closing the former 30M trend.

Only an opinion after following this young concept.

Best Wishes!
Gnat
  • #710
  • Sep 4, 2007 11:26am Sep 4, 2007 11:26am
i find the 30 min looks great on the chart, but have not really hada chance to trade it. it seems it might get in 'late'.
any thoughts on the entry process?
  • #711
  • Sep 4, 2007 11:29am Sep 4, 2007 11:29am
looks like i have a bug.

Quoting skyline
From an Fx_ninja's idea I coded this little indicator that could help to better display signal for supernova method and remove some indicators from screen.
Actually it take care about QQE dot, DMI, Momentum and T3 (no Heiken Ashi so check it by yourself on the chart).
Here's color behaviour :

- blue : long signal
- red : short signal
- yellow : no signal (not all indicator agree)

There's only one parameter called Minutes and you can put there the minute timeframe where you want to apply indicator, so Minutes could assume these values : 5,15,60,240,1440
You can also put as much time as you want this indicator on the same chart to track multiple time frame at one time.

Please test it and report back errors

Happy pips

Skyline
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SN_01.jpg Size: 161 KB
Click to Enlarge Name: SN_02.jpg Size: 145 KB
  • #712
  • Sep 4, 2007 12:10pm Sep 4, 2007 12:10pm
Quoting Gnat
Hi Folks!

Just ended my first live trade....

in tears ... sniff!

No: Only joking. Long GBPJPY on the 30M chart after all indicators loved it at 233.03 and out at a preset 233.92 ( as I do read charts :-) ). Beautiful. If only I had not done it with such a feeble lot size.

I really like this by now. 34 demo trades with only 3 lame ducks and now for the real world. Thanks Cryten

Greetz
Gnat
WIKID! Was starting to think I was the only one making pips with this system! hehe.

Guys I won't be able to trade much the next week or 2. I'm moving so internet etc will be limited. Hopefully be able to catch a couple moves on the longer timeframes and gnat I am loving the 30mins more and more. But If you notice the guppy roaring up and down the charts like the week before last switch to 5min and retire! hehe
  • #713
  • Sep 4, 2007 12:22pm Sep 4, 2007 12:22pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Looks like I am missing something, I lost couple of trades... on 15 min....
I am not able to get the rules exactly about entry and exit.. can any one pl clarify the rules once again...

thanks
All things are difficult before they are easy.
  • #714
  • Sep 4, 2007 1:48pm Sep 4, 2007 1:48pm
Quoting fx_ninja
looks like i have a bug.
Yes fx_ninja I did experience the same issue when attached indicator multiple time on the same chart. I will investigate about it.

thx

Skyline
  • #715
  • Sep 4, 2007 1:54pm Sep 4, 2007 1:54pm
Quoting billbss
Cryten,
I don't get it.

Why would anyone go to the trouble to do that?
Surely, you're not going to deliver the merchandise to him. Surely, he knows that.
What did the person gain from his trouble?
Because this person is an idiot or he is hoping that I am, "oh look email saying I been paid, let me rush out and post this right away"

yeah right hehe
  • #716
  • Sep 4, 2007 2:39pm Sep 4, 2007 2:39pm
taken trade on 5 mins.. 10 minute maybe crossing too.. dow going up.. in at 23422 target? 23530 ...

We shall see..
  • #717
  • Sep 4, 2007 5:25pm Sep 4, 2007 5:25pm
Quoting cryten
WIKID! Was starting to think I was the only one making pips with this system! hehe.
As they say in the sci-fi or spooky movies "YOU ARE NOT ALONEEEEEEE"

Made 110 pips meself today yippee yay - finally (!!!!) This was on the 30 min. (see journal for details)

Currently awaiting a short signal.
  • #718
  • Sep 4, 2007 9:00pm Sep 4, 2007 9:00pm
Well.. i decided to get out of my trade with a just a few pips profit.

Price went up to 23481 so i could have made more if i had watched the trade on the one minute and got out on the turn.. but i went to bed..

I'm encouraged though.. and what i particularly like is that it gets me into the trade earlier than i would have normally gone in...

I'm please with it. Thanks Cryten, nice work
  • #719
  • Sep 4, 2007 11:10pm Sep 4, 2007 11:10pm
Hi guys,

Please advise, which company offers the lowest spread for gbp/jpy.

Thanks in Advance.
  • #720
  • Sep 5, 2007 12:30am Sep 5, 2007 12:30am
hi and tanx
can u learn me how i can install sound alert for supernova (buy alert & sell alert)
regard moayad
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