Shiny15

Quoting j5000

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Where did you get the latest version, and how do you use it? For now I think it would be good for exits.


Those appear when the Level Stop Reverse changes trends.

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Quoting j5000

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The maximum I lost in a week is around 100 pips, but those were for other currency pairs so those don't count

I'm not really sure about anything for 1 minute right now, I'm experimenting with Guppy MMA's and Laguerre Gamma 0.5 Levels 0.8/0.2.

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Quoting kelab4x

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Hi.... where is every one?
Here is another try on GPBJPY.
I used 15 min chart for LONG entry to confirm the previous downwards trend has ended and the upwards trend is about to begin....

http://img72.imageshack.us/img72/4276/gjxx6.gif

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Quoting fxking

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thanks for sharin your charts,care to share your indicators settings and exactly what do u look out for or determine,for entries and exits? do u target profits by fixed pips or certain support/resistance level? thanks...

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Quoting WHTenn

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For some strange reason, I am not seeing arrows on any time frames for your 1.4X2 template. I do have arrows on your 1.5 template

Can you place an audio alarm on your arrows?

Thanks

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Quoting kelab4x

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Another good run on GBPJPY.....

15min & bigger charts show upward trend... I went LONG at 238.70 (see yellow vertical line & green arrow). Already locked profit & set trailing SL.

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Quoting kelab4x

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well... i just follow the setting suggested by j5000 at post #83...

still using the same entry rules as at post #1
i look at bigger charts to determine price direction and look for entry point at 5 min chart

once i am in +20 pip profit, i will lock +1 profit & set trailing SL at +35 pips. Then i will let it run....

For reentry, i will wait the price to retract & rebounce from 5 min SSL and enter next candle open. Of course i will ensure whether 15 min trend remain intact. Also we need to ensure that 5 min Laguere is at the correct side (below 0.3 for short entry & above 0.7 for long entry)

hope this is clear enough...

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Quoting fxking

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j5000,have u ever trade on other time frame? or u only look at 15mins? i see that u r trying to modify the settings,any latest update? thanks

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Quoting j5000

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I'm trying out 1 and 5 minutes, but I don't have a full system for those yet. I don't really have any updates right now.
If you guys think there could be better settings let me know

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Quoting j5000

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There's no way to filter fake signals for now, but if you can use the EURUSD/USDJPY charts to make sure you don't get in at a bad time. For example, I have them one on top of the other at the same scale of pips and candle size, (and the same anonymous color scheme) and I figure if one is going up while the other is going down, I don't get in/trade. The EURJPY should correspond by going sideways but on a smaller time frame like 15 minutes it can jump up and down in fast markets and this might make for some fake signals.

If you look at the first image on the first post, if we had gotten in just before NFP or even hours before it, eventually when it comes out it could go either way so we have to pay attention to news. We also need to be aware of things like US, European, and Japan central bank presidents speaking.

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Quoting j5000

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What times do you trade? It seems like EUR/GBP.JPY are always moving except in the after noon here, but even they were moving a lot today

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Quoting fxking

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thanks for your explanation but i have a few more questions.If the 5mins chart indicate that lag has crossed below the 0.7 level and looks like crossing down but on the 15mins chart the lag is still way above 0.7 level,what should i do?

i won't take the short signal as if 15min Laguerre is still above 0.7, it means upwards trends is still intact.

how do u filter of fake signals? do u trade when near news time(normal news and key news-FOMC,etc? thanks alot...

i trade according to bigger charts (15 min onwards) price direction. that's mean i will always eyeballing the bigger charts from H4 down to M15 to get the general price action movement. then i will only enter in that direction only. in other words.... TREND is YOUR FRIEND...

No... i will avoid news time... too risky...

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Quoting kelab4x

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my responses in RED...

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Quoting fxking

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thanks for your reply kelab4x.u mean that u will avoid all news? i thought it will have great impact only if its a key news,like NFP,FOMC,etc but not the smaller news,i am abit confused now,mind to list down the news that u will avoid,thanks!:

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Quoting kelab4x

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of course i avoid only that two key news - NFP & FOMC... the rest has little impact...

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Quoting kelab4x

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my responses in RED...

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Quoting fxking

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sorry kelab4x,i still have these questions that require your assistance.u mentioned earlier that if 5mins's lag has crossed down and passed 0.7 level,

so this would be SHORT signal, right?

but on the 15mins chart is still way above 0.7,that means its still uptrend.
Here goes the other questions-what if the 15mins chart show that the lag is crossing the 0.7 level? (i suppose this can be justify as downtrend?)

then you should take the short signal from 15 min chart, provided the price has also crossed down SSL.

and what if the 15mins lag is below 0.3 level?

of course, I will go short if the price at 15 min is also below SSL.

can u explain the difference between these 3 scenarios,thanks so much!:

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