Umair's Euro/usd System

Nothing wrong was there with my entry every thing was right all conditions are met perfectly but Badluck My first SL hit after my last 20-winning trades....
Bad day and trade was there today...

See screen shot...

Fucking E/U Bouncing back after hitting my SL....

I will stay away.

Hi Umair!
One qustion about ATR on RSI indicator is irritating me.

If the price is advancing down, we should see with higher volatility ATR going up and RSI going down, so there will happen to be a crossover.

In contrary, if th price is advancing up, the ATR and the RSI are both going up and there will not be a crossover neccessarily.

Maybe this is a very silly qauestion, can you clearify it a bit.

Best regards
walb99

No Vince!!!
See rsi is below atr
see ssto is almost in a overbought...Batter stay away

Listen Vince!!!
Forex is a deadly game...No system in a world is perfect...Even Im a professional trader ...But still i got a loosing trade today...But i think after last 20-trades i lose the first one...my success rate is very goood if i,ll show u my balance sheet at the end of month u,ll amazed lolzzz.....But never disappoint ....i recommend all the beginners to practice my system if they like it....for almost 2/3 months then in the 3/4th month make a new demo and consider it as ur real and then see urself. see my previous trades for more detail...you ,ll see that what ur in a forex...u can survive or not u,ll find urself with ur position in a forex...But never compare urself with me...im a professional inthat field with more than five years of my past experience...i have learned alot from my mistakes....My success rate is so goood that this loosing trade is nothing infront of me...
+11+30-20=+21 see my todays result still +21....
But ur a beginner maybe with a small account...but using any system at once on real without any experience is a stupidity...still u need lot of experience ...No trading system in a world is 100% perfect...even my favourate cawbanga system in babypips got lot of loosing trades with ofcourse winning also...i really like that system but still lossing trades are there also....with goood success rate...& about my successrate see my all posts with my winning trades and screenshots...that is my first loosing one. in my last twenty trades..i just recommend u to try hard on demo....Now im working on my scalping system...i,ll in which introduce two styles of trading...1) scalping 2) normal but targeting few pips...see my todays result but on demo....as im almost very much sure about its +ve results but im still using it on demo...

See ur chart and compare same with mine no trade ....see how...

Umairs,
When are you going to publish your scalping system?
Thanks

Soon Bill maybe next week but i still need little work to do on it....I want this system userfriendly specially for Mt4 users....I dont want any charting problem in it for any user...I hope my scalping system will be easy to use...
Like i said that im not a scalper but it really sounds intresting to trade for few pips with 3/4 lots...

Walb!!!
Ur still using ATR in RSI ...? First tell me...Or RSI in ATR...?

I followed you advice and put RSI first.

It is strange but it seems that MT4 is lying about crosses ATR and RSI.
If I use zoom +1 I see the same cross as on Umairs chart.
If I use no zoom which is standart setting MT4 I see a few more crosses.

Compare the charts bellow. The red vertical line is on the same candle. First picture is with no zoom and second one is with zoom +1. Strange.

Which means for me: USE ZOOM +1 TO LOOK IT AS UMAIRS CHARTS.

Remember Rsi moves with price...if price moves up rsi will also moves up and vice-versa...if we use rsi first and put atr in it...u,ll see if price moves up then rsi also moves up and atr goes down and vice versa...according to my point of view i use rsi and atr combination for trend...if rsi crossed atr upward then trend is up and vice-versa....By this combination i confirm the trend then other indicators like ssto helps me for avoiding overbought and oversold region...sar use for more confirmation for long and short...then macd crossing i use also for trend....and by combining all we have a Umairs System Lolzzz
Maybe my theory abt. Rsi and atr combination might be wrong but its wroking very good for me...

Hey u got the point vince...That why i dont use MT4 lolzzz....Zooming mt4 chart describes us another story...

Me Sighning off for a while~!!!

Hi Umair,

as I understood before ATR is a masure for volatility of price, but I think this is wrong and the ATR on the RSI is a masure of the volatility of RSI?

You said, it makes a big difference what you put first. If this really makes a differnce than the ATR as a second indicator masures the volatility of RSI, I guess.

Best regards
walb99

I agree. I don't understand how using a cross of RSI and ATR accomplishes anything.
Rising ATR indicates lengthening candles. That would have the same effect on a short as it would a long trade, whatever that effect may be, it would apply equally to buys and sells.

The RSI- ATR crosses you see on your chart are a fiction. If accurately displayed, ATR would be a straight horizontal line, almost at the zero line. RSI crosses ATR everytime it crosses zero.

Would you go long Umairs ??? It seems to be a correct set up to me.

Hi billbss!
In the picture you see that ATR of the price has a different movement than the ATR of the RSI...