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Joined May 2007
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Status: The Royal Scam?
|240 Posts
My original intent was to make sure that everybody using the system is seeing the same signals and not to just post results without at least having a chart to compare to one anothers. And as i said in my original post I apologize in advance if I seem a little irritated. It just makes things a little more expedient if I dont have to go find the post, look at the prices, try to find what time and when etc ad nauseam. just put a chart up and everyone can see that "Yes" indeed a signal appeared as a bright shining beacon of hope!! Whether to take the trade is another matter entirely. I have no beef about that.
sorry for the "tood"
cheers all
Wiper, regarding slope used as confirmation I think this is not very efective. I backtested it with different timeframes and when I do not use slope as confirmation I get more winning than loosing trade ratio.
I suggest to use other timeframes or draw trendlines for confirmation not the slope.
got one about 45 min ago. EUR/USD. very nice signal im now about 45 pip profit. live trading
Ignored
I attached E/U chart and drew a line were I think you got the signal. Basically this is more or less the only proper signal on E/U today.
I didn't take it because it was out of my trading time but even if it was in I would not have taken it. Why?
The price had been consolidating around weekly S1 line and daily S3 for almost 2 hours.
The slope line was heading up and was blue.
The price had already moved almost 150pips which is quite a bit for E/U.
This was just my opinion and the GMMA's were in fact all lined up nicely. And if you are in profit then it's OK.
Wiper, regarding slope used as confirmation I think this is not very efective. I backtested it with different timeframes and when I do not use slope as confirmation I get more winning than loosing trade ratio.
I suggest to use other timeframes or draw trendlines for confirmation not the slope.
Ignored
I'm not answering for Wiper but just giving my point of view.
If I see a good trade and I think it has the potential to go and reach my target then if the slope isn't showing the same direction I still take the trade.
But the slope line has to be more or less flat.
It's not about taking as many trades one can, rather to pick the ones which really have the potential.
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Joined May 2007
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Status: The Royal Scam?
|240 Posts
I realize that wiper, dont get me wrong, It would be interesting to see just the trades you take only and not every signal, and if everyones signals line up when compared side by side. I use FXDD and they are gmt+3 and if that is whats throwing my calculations off I need to know that so I can adjust somehow. You are obviously having success and I would just like to duplicate that as Im sure everyone else using the system would.
heres to your continued success
cheers
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Joined May 2007
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Status: The Royal Scam?
|240 Posts
thanks for posting the chart, its much appreciated
I needed to see that we are all working with the same version of the system
and if the gmt makes a difference
Don't get me wrong but I' am not your forex mentor. I have worked hard for my success with many ups and downs. Why should I post on the forum everytime I 'm planning to take a trade. The rules are very simple to follow and therefore, i refer to the original wicker rules. Ofcourse, as with all other systems, you will have losses too but hestitating to take a valid trade or not will not help you. It will set you up for a failure.
LAGUERRE: Laguerre line must cross the 0.75 from above and head down
What if the Laguerre is past the midpoint or even past 0.15, do you take the short?
ie Laguerre < 0.75 regardless, as per the manual, or should you wait till it has JUST crossed down through the 0.75 line, as per everyone's examples....?
I have read the entire thread a few times and it seems that the programming of the ea's trades are when Laguerre < 0.75 (ie even if L=0), and the traders seem to wait for the cross down through the 0.75 line while between 0.75 and 0.45 only ..... ??????????????
I attached E/U chart and drew a line were I think you got the signal. Basically this is more or less the only proper signal on E/U today.
I didn't take it because it was out of my trading time but even if it was in I would not have taken it. Why?
The price had been consolidating around weekly S1 line and daily S3 for almost 2 hours.
The slope line was heading up and was blue.
The price had already moved almost 150pips which is quite a bit for E/U.
This was just my opinion and the GMMA's were in fact all lined up nicely. And if you are in profit then it's OK.
I agree with you. Usually what I do is that if I see a signal after a large move, I can take it with tight t/p and s/l. When I took the trade I saw It could easily touch the bottom of the large move again, and it did. Remember what I said about slope direction line, I have backtested a hundred times, SLOPE IS NOT ACCURATE, IT OFTEN TAKES AWAY GOOD OPORTUNITIES. I'm just trying to help you guys from what I have experienced.
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Joined May 2007
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Status: The Royal Scam?
|240 Posts
Since there have been a few updates to the system, my concern was, are we all working with the same bug free system? Just for side by side comparison. I hardly think posting a chart constitutes being a mentor, but if you have the time to post a message why not a chart? I was never asking anyone to post the trades they "plan" to take, just the ones they took that either gained or lost, thats all. Are we here to support each other or do victory dances? maybe both, sorry if I have offended you in any way.
Don't get me wrong but I' am not your forex mentor. I have worked hard for my success with many ups and downs. Why should I post on the forum everytime I 'm planning to take a trade. The rules are very simple to follow and therefore, i refer to the original wicker rules. Ofcourse, as with all other systems, you will have losses too but hestitating to take a valid trade or not will not help you. It will set you up for a failure.
Pipul8r, Wicker's strategy is great as is, but i have deleted the slope line as it's too slow for exits. Plus look at the other timeframes as Wicker suggested, for example 20 mins ago the usdcad looked great for going long, but on EVERY other timeframe it was heading short according to the red spine of the guppy ma's.
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Joined May 2007
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Status: The Royal Scam?
|240 Posts
Hey Adam
thanks for the reply, the original Wicker strategy went through a few modifications over time. are you using the original or the one that Pmurfin made some changes to? I have used both and it seems that once the signals appear the move is already over or reversing. I have used 5min, 30 min and 60 min, which is really too long to catch the beginning of the move. In hindsight I can see where valid signals appear, usually above or below pivots, but never with any consistancy. Which is your prefered time frame?
thanks
Pipul8r, Wicker's strategy is great as is, but i have deleted the slope line as it's too slow for exits. Plus look at the other timeframes as Wicker suggested, for example 20 mins ago the usdcad looked great for going long, but on EVERY other timeframe it was heading short according to the red spine of the guppy ma's.
I would suggest to take only those trades where GMMA's are really compressed as this shows agreement between price and value.
Today is a good example how good the GMMA's really are. The market moved sideways today and the MA's filtered out many bad trades. Which also kept me from entering was the slope line. Again, I like to use it but it's everyone's own call whether to use it or not.
Yes MMK the gmma's are great. What tf are you using?
Pipul8r demoing with the 5min with original Wicker rules, minus the slope line. MACD great but not sure about laguerre... need to research it so i understand how it works. Do you understand it?
Yes MMK the gmma's are great. What tf are you using?
Pipul8r demoing with the 5min with original Wicker rules, minus the slope line. MACD great but not sure about laguerre... need to research it so i understand how it works. Do you understand it?
Ignored
Im using 5min TF.
What laguerre is, is basically an advanced form of RSI as far as I understand it. It identifies overbought and oversold conditions in the market.
