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Attachments: Supernova GBP/JPY Mini Trend Catcher
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Supernova GBP/JPY Mini Trend Catcher

  • #741
  • Sep 7, 2007 5:38am Sep 7, 2007 5:38am
[Hi Awesome

I am using mt4 but I am not able to locate the Pivot Point Mutlitimeframe indicator that you mentioned in your earlier post. Any idea where I can download one of that?

Thanks
  • #742
  • Sep 7, 2007 5:50am Sep 7, 2007 5:50am
Hi Gnat

Thanks for sharing.
I did a few trades by having 5mins indicators align + 15mins QQE crossed.
So far so good.I will demo few more trades before going live.

Current trade : long GBPJPY 232.24 TP : 233.77
SL : 232.74 (locked in 50pips profit)

Hope Supernova will bring us earlier retirement

Quoting Gnat
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)
  • #743
  • Sep 7, 2007 6:45am Sep 7, 2007 6:45am
hi,

i think best timeframes are 1hr, 4hr, daily the bigger the less false signals, but recently we had 3 loosses in a row in 1hr, with that range, so i hope it`s only bad luck.
  • #744
  • Sep 7, 2007 1:16pm Sep 7, 2007 1:16pm
Hello TSK,

Did you Demo trade Cryten system wow I made so many pips (virtual pips hehe) but very excited on the 5 min chart. Here you go it helps alot if I don't use that I use the last support/resistant areas. That happened at the 4:05am candle on the GBP/JPY 5 min chart and it went to the last resisitance area and then the market started heading down and a sell signal came and the rest his history I set the limit to the Pivot line and the market went way past that and I looked at the Pivot Point Indicator and saw that the market my hit the support 2 line at 231.01 and it did and it even went past the support 3 line. You can see this when you add this indicator to your chart. I hope this help. God Bless and Happy trading.

Quoting TSK
[Hi Awesome

I am using mt4 but I am not able to locate the Pivot Point Mutlitimeframe indicator that you mentioned in your earlier post. Any idea where I can download one of that?

Thanks
Attached File(s)
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 829 downloads
  • #745
  • Sep 7, 2007 2:57pm Sep 7, 2007 2:57pm
Quoting TSK
Hi Charvo

May I know which TF you are trading on? 1 or more? Do actually wait DMI to align before trigger your order?
I like 1 hr or 4 hr TF. I don't simultaneously consider different TF when considering entries. 4hr's signal are much fewer, but usually quite reliable.
1 hr's signals are frequent.

I said that I was amazed is that even 30 min TF yesterday still generates good entries, since I thought usually in a ranging market, there should not be nice entries for like 1 hr , or 30/15/5 min TF. It turns out I'm wrong.

I didn't really go live using this system, still figuring its moves now.
What i recommend is that the longer TF, the safer u trade. (with enough capital, cos 4hr entry needs maybe 100 pips SL)
  • #746
  • Sep 7, 2007 5:34pm Sep 7, 2007 5:34pm
This indicator is a fibonacci pivots lines. I have added it along with the Pivot multi indicator and will see if it's a nice take profit point. I really like this system it's just the getting out part I'm trying to figure out and finding different things. I know the more I practice the better I can decide what to do. Today was my first time trading this system and all three trades were profitable. So I will continue to practice on my off days from work Tuesdays and Fridays starting at 2am.

God Bless and have a wonderful weekend. I look forward to next Tuesday morning. I'm trying to dump my employer as well. God Bless

Quoting awesome792
Hello TSK,

Did you Demo trade Cryten system wow I made so many pips (virtual pips hehe) but very excited on the 5 min chart. Here you go it helps alot if I don't use that I use the last support/resistant areas. That happened at the 4:05am candle on the GBP/JPY 5 min chart and it went to the last resisitance area and then the market started heading down and a sell signal came and the rest his history I set the limit to the Pivot line and the market went way past that and I looked at the Pivot Point Indicator and saw that the market my hit the support 2 line at 231.01 and it did and it even went past the support 3 line. You can see this when you add this indicator to your chart. I hope this help. God Bless and Happy trading.
Attached File(s)
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 677 downloads
  • #747
  • Sep 8, 2007 11:16am Sep 8, 2007 11:16am
Hi Awesome

Thanks!
Pray hard for our early retirement !!
And of course big thanks to Cryten



Quoting awesome792
This indicator is a fibonacci pivots lines. I have added it along with the Pivot multi indicator and will see if it's a nice take profit point. I really like this system it's just the getting out part I'm trying to figure out and finding different things. I know the more I practice the better I can decide what to do. Today was my first time trading this system and all three trades were profitable. So I will continue to practice on my off days from work Tuesdays and Fridays starting at 2am.

God Bless and have a wonderful weekend. I look forward to next Tuesday morning. I'm trying to dump my employer as well. God Bless
  • #748
  • Sep 8, 2007 3:13pm Sep 8, 2007 3:13pm
Yes it will be a great day when this happens. I truly hate working for someone else and still live paycheck to paycheck. Our day will come soon I command that the market move our way everyday (hehe). Good luck and let's get to that status together. God Bless and get ready for Monday trading unless you start Sunday.

Quoting TSK
Hi Awesome

Thanks!
Pray hard for our early retirement !!
And of course big thanks to Cryten
  • #749
  • Sep 8, 2007 3:15pm Sep 8, 2007 3:15pm
Hey Cryten,

I hope your move is going successful like your recent trading. I know moving can be crazy and exciting at the same time.
  • #750
  • Sep 9, 2007 6:15am Sep 9, 2007 6:15am
Quoting awesome792
Hey Cryten,

I hope your move is going successful like your recent trading. I know moving can be crazy and exciting at the same time.
Still in process of moving and awaiting my internet connection to be switched on. Still able to to check up on you guys though hehe

I prefer 30min chart to 1 hour. 30min, 4 hour and daily are good but 1 hour for GBP/JPY gives you longer shadows to knock out your stops. This may change in the coming weeks but for the market sentiment right now I'd use 30 min instead (for those who prefer longer chart periods)

cheers
  • #751
  • Sep 9, 2007 7:27pm Sep 9, 2007 7:27pm
Quoting cryten
Still in process of moving and awaiting my internet connection to be switched on. Still able to to check up on you guys though hehe

I prefer 30min chart to 1 hour. 30min, 4 hour and daily are good but 1 hour for GBP/JPY gives you longer shadows to knock out your stops. This may change in the coming weeks but for the market sentiment right now I'd use 30 min instead (for those who prefer longer chart periods)

cheers
Thanks for keeping up... Check your PMs if you get a second
Craazy
  • #752
  • Sep 10, 2007 1:39am Sep 10, 2007 1:39am
Quoting finnfx
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
Moin, Finn!

Nokia sounds pretty obvious... but DAX? Hihi, just joking.
Unfortunately I do not even have CADJPY on my platform. So I am only on three pairs here.

See ya!
Gnat
  • #753
  • Sep 10, 2007 4:01am Sep 10, 2007 4:01am
I've read this entire thread, but I must have missed it somewhere. What's the exit in this method?

Quoting Gnat
Moin, Finn!

Nokia sounds pretty obvious... but DAX? Hihi, just joking.
Unfortunately I do not even have CADJPY on my platform. So I am only on three pairs here.

See ya!
Gnat
  • #754
  • Edited 5:20am Sep 10, 2007 4:32am | Edited 5:20am
Hiho!

Now the 1H and 4H charts are about to give a clear signal. But we are right at the resistance that was support before NFP/Friday. Hm... what to do...
The good thing about the long positions is the swap rate. OK... long!

Ciao
Gnat

AND: Stopped out with just 5 pips... re-enter?
  • #755
  • Sep 10, 2007 4:34pm Sep 10, 2007 4:34pm
Quoting BenQ
I've read this entire thread, but I must have missed it somewhere. What's the exit in this method?
Hallo BenQ!

The short term trades are exited the Spudfyre way.

Longer term trades should be closed at least at the next crossing of the QQE are if this is getting close.

Details will be available from Cryten, but he is moving these days and is still waiting for his internet connection.

Greetz!
Gnat
  • #756
  • Sep 10, 2007 5:16pm Sep 10, 2007 5:16pm
Quoting BenQ
I've read this entire thread, but I must have missed it somewhere. What's the exit in this method?
As per bottom of my first post in this thread. This is really as gnat mentioned for the shorter timeframes. For longer I am testing 2.0 lots or (0.2). tp 1 same as what you are risking (your stop) tp 2 let it ride until opposite signal if DMI agrees, remember DMI was initially used to keep me in the trades. If you get QQE alert and DMI has not crossed stay in.

I am still moving but I check up on the fx forums at work
  • #757
  • Sep 11, 2007 12:39am Sep 11, 2007 12:39am
Hello Everyone,

I have been demoing The Supernova System for a total of four days. On 9/10/07, I profited 45 pips. Tonight I started trading the 11:55pm (eastern candle) and I open with 0.2 lots. I closed 1 mini lot with 30 pip profit and the other lot is still open with 25 pips profit. I have my stop at break even. I love this system and due to work I can only trade so often. I will be up all morning trading because I'm off on Tuesdays. I want to continue to demo trade for 2 more months and I will go live. Honestly, I love this system and when I look at the charts and see if I was trading where I would have entered and gain or loss I'm so excited because the wins would have out numbered the losses big time. Thanks again Cryten for a great system and I will be letting everyone in on my trading status. God Bless and Happy Trading.
  • #758
  • Sep 11, 2007 1:41am Sep 11, 2007 1:41am
Hi Cryten

Big thank you with your system.
125pips profit in demo account by just trading my favourite pair this morning...I will keep demoing till I make 1000pips to go live (at this rate, i may make it by end of Sept..)

Thanks for sharing
  • #759
  • Sep 11, 2007 2:42am Sep 11, 2007 2:42am
Way to go TSK! I'm loving it to I just made another 88 PIPS as I type this. This is way to cool and exciting. I keep learning more and more ever time I trade. TSK early retirement on the way let's keep it up and practice practice practice. God Bless and Happy Trading!


Quoting TSK
Hi Cryten

Big thank you with your system.
125pips profit in demo account by just trading my favourite pair this morning...I will keep demoing till I make 1000pips to go live (at this rate, i may make it by end of Sept..)

Thanks for sharing
  • #760
  • Sep 11, 2007 4:39am Sep 11, 2007 4:39am
Quoting awesome792
Way to go TSK! I'm loving it to I just made another 88 PIPS as I type this. This is way to cool and exciting. I keep learning more and more ever time I trade. TSK early retirement on the way let's keep it up and practice practice practice. God Bless and Happy Trading!
Can you say what time frame you are using?

Thank You.

Hafiz
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