Attachments: Intra day Trading Sys

Intra day Trading Sys

#41
Dec 7, 2006 6:00pm Dec 7, 2006 6:00pm

mrSmoothy
| Joined Nov 2006 | Status: Trader | 44 Posts

Thanks Hakeem. Excellent posts and tips from your experience. you have a nice method similar in a way to the pip boxer EA which checks the Asian time frame range and plays a box breakout in the London session automatically (from what i understand). I've also noticed that the Asian session seems to trace out a range and learned either not to trade this session or at least not take a breakout very serously during this time, there just isn't enough volume for follow through i believe until London comes on later..

Awesome that you've noticed that the last two hours seem to often set the main London trend. For us on US time it's not easy to work the Euro session efficiently but could look/wait for your set up and place some pending orders to go with conservative targets.. i checked it out last night but couldn't see a clear enough path early and went to bed. usually when i see 34 EMA and others flatlining it signals to wait for box/triangle breakout.

anyway thanks for the post, it's another new way to use the short term EMAs, trying to reduce indicators though!

but we can check this out during this time frame, maybe it's applicable to others as well, at least on low impact news days..

good luck

#42
Dec 9, 2006 3:05am Dec 9, 2006 3:05am

anthonybaker
| Joined Nov 2005 | Status: Trader | 82 Posts

yes thanks, Hakeem
very interesting reading, thanks for sharing your method

another INTP

#43
Edited 7:19am Dec 11, 2006 3:25am | Edited 7:19am

peterdxb
| Joined Feb 2006 | Status: Trader | 239 Posts

So the Trend at 4GMT is SHORT on GBP30M, and now we are waitin for cross of 5/6ema right ?

So we got crosssdown and entry @ 9514 on open of new candle. Exit for 30pips.

#44
Dec 11, 2006 10:25pm Dec 11, 2006 10:25pm

hakeem
| Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts

Thanx for all of those who understand this sys and got some pips out of it and appreciate the good work

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Rite Peter, and if you want more pips go to a higher time frame and not to pay attention to the timing and look for the RSI breaking the 50 while the MACD opened for the same direction, enter & exit on EMA's crossing with more SL pips of course .

Stay rich

#45
Dec 11, 2006 10:43pm Dec 11, 2006 10:43pm

dave1964
| Joined May 2006 | Status: Trader | 30 Posts

If I go to a 1 hr or a 4 hr time frame do I keep the ma at 5 and 6

Thanks

#46
Dec 12, 2006 5:45am Dec 12, 2006 5:45am

hakeem
| Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts

Dave,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o

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Go for the 4hours time frame, and yes keep the same settings on all indicators, be with the same direction of MACD while the RSI confirms. <o

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Keep your SL not more than 60 pips and your TP not less than 100 pips.<o

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Work with Fibo a lot and know the levels and their relationships for accurate figures.<o

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Cheers

#47
Dec 12, 2006 6:51am Dec 12, 2006 6:51am

lacika
| Joined Jan 2006 | Status: Trader | 158 Posts

Hi, Hakeem!

Can You post that Money Flow Ind for MT4 You use?
THX, NL

#48
Dec 12, 2006 6:52am Dec 12, 2006 6:52am

et_phonehome_2
| Joined May 2006 | Status: Trader | 809 Posts

How does the strategy do with a non-trending market?

#49
Dec 12, 2006 7:39am Dec 12, 2006 7:39am

hakeem
| Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts

NL,

All i can do is posting it's formula,

Chaikin's Money Flow:

_AD:= if(((((C-L)-(H-C)) / (H-L)) * V)=NULL,0,(((C-L)-(H-C)) / (H-L)) * V);
_CMF:= mov(_AD,periods,S)/mov(V,periods,S);

et_phonehome_2,

It depends on the time frame you are working with and how much $ you want to loos.

#50
Dec 12, 2006 12:01pm Dec 12, 2006 12:01pm

pachinko
| Joined Oct 2006 | Status: Trader | 14 Posts

Quoting hakeem

Disliked

Chaikin's Money Flow:

_AD:= if(((((C-L)-(H-C)) / (H-L)) * V)=NULL,0,(((C-L)-(H-C)) / (H-L)) * V);
_CMF:= mov(_AD,periods,S)/mov(V,periods,S);

Ignored

Hakeem, what is the time frame & the value of the Chaikin's Money Flow that you normally use. I only found this indicator in VT trader not Meta Trader.
The default value in VT is 21.

#51
Dec 12, 2006 12:32pm Dec 12, 2006 12:32pm

boydintlcorp
| Joined Dec 2006 | Status: Trader | 1 Post

Quoting hakeem

Disliked

Hi gents,
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

My first post in FF,
<o></o>

I'm 4 years old in FX world, specialized in GBP.
<o></o>
I have this Intra day sys to use and want to share it with u, it's simple and 90% proof.
<o></o>
First, u have to know the trend direction for the day and MACD will do that, if the slow line below zero then the trend is down, above zero then the trend is up (I'm talking about the first wave of the day if there are more than one) MACD should be set 8,18,9.
<o></o>
This is confirmed by the RSI if above 50 will be up or below 50 then down, and should be set to 21.
<o></o>

Now, the entry, SL and exit points,
<o></o>
Entry point should be made by a blue 5 closed EMA with a red 6 opened EMA.
SL should be 5 pips above or below recent hi or low, not more than 30 pips. Exit, if u r good with fibo then u should exit on 161.8% or tops and bottoms, R or S but no less than 30 pips in hand.

Forgot to mention the time frame should be 30m and apply after 2300 Eastern Time.

If the above aren’t met, don’t enter the market.

This sys is useless when it comes to the news.

Ignored

Hakeem,

Please explain "Entry point should be made by a blue 5 closed EMA with a red 6 opened EMA."

I am a new trader and still learning all the terminology.

Thanks
Theophilus

#52
Dec 12, 2006 1:50pm Dec 12, 2006 1:50pm

RRBO
| Joined Jun 2006 | Status: Trader | 16 Posts

Hakeem

Is this sys works well on the hourly chart? if yes we will uses the same settings on the all indicators? or no...

Tell us about

how proceed in this case.

Thanks RRBO

#53
Dec 12, 2006 1:59pm Dec 12, 2006 1:59pm

Tragapips
| Joined Jan 2006 | Status: Trader | 263 Posts

Quoting lacika

Disliked

Hi, Hakeem!

Can You post that Money Flow Ind for MT4 You use?
THX, NL

Ignored

Here you have it:

Attached File(s)

Chaikin-money-flow-index-cmf_v1.zip < 1 KB | 4,757 downloads

Johann Channels and cycles are everything

#54
Dec 12, 2006 9:52pm Dec 12, 2006 9:52pm

hakeem
| Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts

Pachinko,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o

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30M time frame for 30 -50 pips, and use the default setting "21".<o

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Theophilus,<o

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Recent crossing of those two lines is your entry "read old postings plz".<o

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RRBO,<o

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I prefer either 30M or 4H time frames "read old postings plz, noting the difference in settings between the 2 time frames".<o

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Tragapips,<o

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Thanx

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#55
Dec 12, 2006 10:53pm Dec 12, 2006 10:53pm

peterdxb
| Joined Feb 2006 | Status: Trader | 239 Posts

Hakeem,

Today @ 4GMT, Trend is UP, so now we have to wait for ema cross down, and then when it crossup again, we go long rite ?

#56
Dec 13, 2006 1:05am Dec 13, 2006 1:05am

Grassroots
| Joined Sep 2006 | Status: Trader | 3 Posts

Hakeem,

What's the macd parameter applied to? low, high , close, open, median, weighted close, typical price or median price?

Thanks..

#57
Dec 13, 2006 2:44am Dec 13, 2006 2:44am

pachinko
| Joined Oct 2006 | Status: Trader | 14 Posts

Tragapips, thanks for mt4 Chaikin's Money Flow (CMF) indicator.
hakeem, thanks for the CMF settings.
There is improvement in my trading when I start applying this system.

#58
Dec 13, 2006 3:01am Dec 13, 2006 3:01am

Panjan
| Joined Aug 2006 | Status: Trader | 179 Posts

Hakeem,

Thanks for sharing your approach with us.
AnywayI just need to know how to read this CMF indicator?

Thanks

Shah For every action there is an equal and opposite reaction.....

#59
Dec 13, 2006 4:35am Dec 13, 2006 4:35am

peterdxb
| Joined Feb 2006 | Status: Trader | 239 Posts

we have BUY signal on GBP , nyone in ?

#60
Dec 13, 2006 5:47am Dec 13, 2006 5:47am

hakeem
| Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts

Hi gents,

MACD should be 8,18,9, weighted and leave the other default settings,

I was long at .9705.

CMF, basicaly if you see the price above 0 then you r in a buy zone and vice versa.

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