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Supernova GBP/JPY Mini Trend Catcher

  • #721
  • Sep 5, 2007 5:25am Sep 5, 2007 5:25am
i saw on another thred that uses qq indicator that the smothing is set to 60 which obviously is less reactive i have put it on the chart and maybe worth looking at , the prob is the alert which i can not get to refelct this as can not open it to modify. Do i need to or by changing the smothing on one will it effect the other. the dots didnt change when i changed smoothing so i dont think this is the case
any ideas
  • #722
  • Edited 6:12am Sep 5, 2007 5:56am | Edited 6:12am
Took a short trade* of the 15M chart with 30M getting close. Long at 232.82 and out again at 233.06 a few minutes later as the market turned back around. I like long positions... going short on GBPJPY gives me the willies!

Ciao
Gnat

*short in terms of TIME - I went LONG GBPJPY as I tried to point out in the following sentence. Sorry.
  • #723
  • Sep 5, 2007 9:03am Sep 5, 2007 9:03am
Quoting Gnat
Took a short trade* of the 15M chart with 30M getting close. Long at 232.82 and out again at 233.06 a few minutes later as the market turned back around. I like long positions... going short on GBPJPY gives me the willies!

Ciao
Gnat

*short in terms of TIME - I went LONG GBPJPY as I tried to point out in the following sentence. Sorry.
I bet you're wiped out by now... DAMN AMERICAN NEWS!
-12.2% pending house sales...
Money for nothin' and pips for free!
  • #724
  • Sep 5, 2007 9:22am Sep 5, 2007 9:22am
Quoting ltklev
I bet you're wiped out by now... DAMN AMERICAN NEWS!
-12.2% pending house sales...
Moin, Lt!

No... I was lucky, but maybe misunderstood. I made 24 pips net on that trade from 232.82 to 233.06. I was in there for only a few minutes.

Worse than the 12.2% lower homesales will be the projection of the ADP Nonfarm numbers on the "real" Nonfarm Payrolls on Friday. As there are only very few governmental jobs created in past 2 months, this will be a possibility for a landslide on Friday.

While the weaker homesales are right in the focus of the markets and are priced in and predicted the employment situation is a key trigger to reform the view on the world through the eyes of the FED. We may see a massive unwinding of carry-trades for a short time and then a jump to new confidence as a reverse reaction.

May actually fill our accounts as this new system is bound to guide us into the right trades at the right time.

Greetz
Gnat
  • #725
  • Sep 6, 2007 6:05am Sep 6, 2007 6:05am
Hiho, Supernova-Lovers!

I just got stopped by the Trailingstop due to a 25 pip spread on IBFX. I got in on GBPJPY at 233.02 and due to the spread was brought out again at 232.78. There were more pips in there... hmph... but: Another good live trade!

Ciao
Gnat
  • #726
  • Edited 8:15am Sep 6, 2007 7:26am | Edited 8:15am
Romans, countymen and lovers!

07.09.06 12:09buyxxxeurjpym157.23/0.00/157.35/20/07.09.06 12:17 157.35-0.000.000.00xxxxx

Another trade - won't reveal how LARGE that was. This was an attempt on the 5&15M chart in harmony. It worked, but I am still struggling with an appropriate trailingstop setup. Any ideas? I am always stopped in mid-air as it seems.

Best wishes!
Gnat

p.s. And another 5M - 15M on GBPJPY

07.09.06 12:07buyxxxxgbpjpym232.31/0.00/232.65/20/07.09.06 12:34 232.65-0.000.000.00xxx

I took away the order numbers - easier to read it that way.
  • #727
  • Sep 6, 2007 9:14am Sep 6, 2007 9:14am
Hi Gnat

May you kindly elaborate on how you take your trade by using supernova system on both 5mins and 15mins chart?

Thanks!
  • #728
  • Sep 6, 2007 9:29am Sep 6, 2007 9:29am
Quoting TSK
Hi Gnat

May you kindly elaborate on how you take your trade by using supernova system on both 5mins and 15mins chart?

Thanks!
Yes... I will get back to you later tonight. I have to leave in a few moments. I am online most of the week, so I seem to always be around.
  • #729
  • Sep 6, 2007 9:46am Sep 6, 2007 9:46am
can u post a chart of the E /J please?

Quoting Gnat
Romans, countymen and lovers!

07.09.06 12:09buyxxxeurjpym157.23/0.00/157.35/20/07.09.06 12:17 157.35-0.000.000.00xxxxx

Another trade - won't reveal how LARGE that was. This was an attempt on the 5&15M chart in harmony. It worked, but I am still struggling with an appropriate trailingstop setup. Any ideas? I am always stopped in mid-air as it seems.

Best wishes!
Gnat

p.s. And another 5M - 15M on GBPJPY

07.09.06 12:07buyxxxxgbpjpym232.31/0.00/232.65/20/07.09.06 12:34 232.65-0.000.000.00xxx

I took away the order numbers - easier to read it that way.
  • #730
  • Sep 6, 2007 3:45pm Sep 6, 2007 3:45pm
At first I wanna say thanks to Cryten for sharing this system and Skyline for the Metatrader package. Keep up the good work guys!

I'm new to forex but I've trading experience of stocks and warrants. I use to trade DAX-warrants and Nokia, what else you can expect from a finnish trader (if someone didn't know Nokia comes from Finland ). I started learning forex about six months ago and since then I've been reading through different systems, demoing and trying to put together some rules for my trading. Hope to get live someday.

I've done few trades using Supernova and it sure looks good
Trades today on the 30m: 1) shorted 2 minilots of CADJPY planning to close half at +20pips and then move SL to BE+1 and let the other half run but I forgot to set rules to EA (managetp) so it did close all at +20. 2) short on USDJPY but EA did move SL to BE after +10 pips and ofcourse it hit that and I was out. Well atleast without any loss So today +20pip.

I'm still testing different timeframes and figuring out how to avoid whipsaw or find some (mystic) method how to get out of trade that's gonna turn out to be a looser. Well that's all for now, gotta get some sleep now.

Happy trading everyone!

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #731
  • Sep 6, 2007 4:04pm Sep 6, 2007 4:04pm
Is there an EA for this super system?

kingmaker
  • #732
  • Sep 6, 2007 11:47pm Sep 6, 2007 11:47pm
Thanks a lot, again to our Cryten.

This system really amazed me today again, in 30 min TF, it gives another 2 nice entries. Nice entries are easy last week, why I am amazed is that this week has been ranging (so is today), but this system, if we follow all signals (including momentum), can still work great!

Let's dig deeper here.
  • #733
  • Sep 6, 2007 11:58pm Sep 6, 2007 11:58pm
Quoting rapikbey
Hi guys,

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

Thanks in Advance.

TRY MBTRADING.
  • #734
  • Sep 7, 2007 12:03am Sep 7, 2007 12:03am
Quoting swizzguy
TRY MBTRADING.
Thanks, for your suggestion, but I think they work on comission and not on spreads. Is this correct? Will it still be cheaper than 7 pips spread which is offered by some brokers?

Thanks again.
  • #735
  • Sep 7, 2007 12:19am Sep 7, 2007 12:19am
Hi Charvo

May I know which TF you are trading on? 1 or more? Do actually wait DMI to align before trigger your order?
Personally, I found trying to find the best timeframe to trade using this system.5 min TF gives a lot false signal and 30mins gives the signal too late (btw, most indicator give signal too late).

Right now, I am trying on 15mins TF. Hope the trading results are consistent..



Quoting charvo
Thanks a lot, again to our Cryten.

This system really amazed me today again, in 30 min TF, it gives another 2 nice entries. Nice entries are easy last week, why I am amazed is that this week has been ranging (so is today), but this system, if we follow all signals (including momentum), can still work great!

Let's dig deeper here.
  • #736
  • Sep 7, 2007 12:31am Sep 7, 2007 12:31am
Hi there

May I know anyone using the both the qqe alert (on vt trader)and qqe.mq4 (mt4 platform)? As of the current 15mins chart,the qqe alert on the vttrader provide a buy signal but qqe.mq4 on mt4 is a sell signal ??

Anybody observes this?
  • #737
  • Sep 7, 2007 3:08am Sep 7, 2007 3:08am
I have to first say thank you Cryten for posting your system. I have been going from thread to thread seeing what other trader's do. I'm very please with your system and the simplicity of it. I demo trade with VT TRader Eastern time. I placed a sell @ 232.54 on the GBP/JPY pair. Every Indicator seemed perfect to place a trade per the system rules. well A+B+C= A 47 PIP profit (of fake digital money but I'm happy like it's real). I used the Pivot Points Multitimeframe Indicator on Meta4 to determine a take profit and it showed 232.07. That's what I went for and it flew so fast past that price. I traded the 5 min Tf and verified with 15 min chart for a down movement before placing the trade. I can't wait to practice more. I just received another crazy ring with QQE alert (LOL), So I will wait until the Indicators tell me to go. Thanks again and thanks for continuing to show up and support your system and helping us to understand. Peace and God Bless.
  • #738
  • Sep 7, 2007 3:29am Sep 7, 2007 3:29am
Hi Awesome

May I kindly verify with you on your VT trader 15mins chart

QQE green line cross down red dotted line at 13.00???
QQE green line cross up red dotted line at 21.00??

The reason for verifying is that both my mt4 and vt trader qqe give diffierent signals.

Thanks!
Quoting awesome792
I have to first say thank you Cryten for posting your system. I have been going from thread to thread seeing what other trader's do. I'm very please with your system and the simplicity of it. I demo trade with VT TRader Eastern time. I placed a sell @ 232.54 on the GBP/JPY pair. Every Indicator seemed perfect to place a trade per the system rules. well A+B+C= A 47 PIP profit (of fake digital money but I'm happy like it's real). I used the Pivot Points Multitimeframe Indicator on Meta4 to determine a take profit and it showed 232.07. That's what I went for and it flew so fast past that price. I traded the 5 min Tf and verified with 15 min chart for a down movement before placing the trade. I can't wait to practice more. I just received another crazy ring with QQE alert (LOL), So I will wait until the Indicators tell me to go. Thanks again and thanks for continuing to show up and support your system and helping us to understand. Peace and God Bless.
  • #739
  • Sep 7, 2007 4:06am Sep 7, 2007 4:06am
Good Morning TSK,

Yes I have checked and I show Red cross at 13:00 and 21:00
Happy Trading!!

Quoting TSK
Hi Awesome

May I kindly verify with you on your VT trader 15mins chart

QQE green line cross down red dotted line at 13.00???
QQE green line cross up red dotted line at 21.00??

The reason for verifying is that both my mt4 and vt trader qqe give diffierent signals.

Thanks!
  • #740
  • Sep 7, 2007 4:17am Sep 7, 2007 4:17am
Quoting TSK
Hi Gnat

May you kindly elaborate on how you take your trade by using supernova system on both 5mins and 15mins chart?

Thanks!
Hallo TSK!

Sorry - last night I was battered from some old fashioned Tennis against too young competitors who needed to be beaten by the old man.
My back hurts like hell and I feel like a wrung out towel ... 6:1, 6:4 was worth it. But typing was not possible any longer. Slept for hours & hours.

Yesterdays trades were based on clear signals from the 5M chart. There everything was lining up as needed by the Supernova System. But I only looked there, because there was something showing on the horizon on my 30M chart, as this is the one I am watching.
Then I switch to the 15M chart and need to have the QQE crossed, the Momentum pointing up and at least touching the line and the DMI not yet crossed but closing in on each other. Waiting for the DMI can sometimes really postpone the trade or not let you enter at all.
It is defenitely safer to enter on all signals clearly visible on the 30M chart, but the entry may be 35 pips worse and possibly the move will only last to give you the spread puls 1-9 pips. On the other hand it seems possible to grab 35 pips without playing it too loosely.

GBPJPY is bouncing in a range between the 231.80 area and the 234.20 range at this point. So yesterday I was more confident to take trades a bit earlier, as bouncing off these levels was "a rule".

Best Wishes!
Gnat
(Wreck)
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