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Supernova GBP/JPY Mini Trend Catcher

  • #2,861
  • Nov 15, 2007 2:55am Nov 15, 2007 2:55am
Quoting stace
Hello i suppose Gj still go up. After your entrie on the highest candle as i see my charts, then GJ went just flating now could be breakout basically i prefer trading on Europe open, since the currency has impulse to move.
I trade another system but only now thanks to Gnat i try this system but as my experience shows me this is the same principe here also.
So if you people dont mind I can post here my system screen and this system and show principe of price action on such systems

Stace, to answer your question... Yes i am
  • #2,862
  • Nov 15, 2007 3:01am Nov 15, 2007 3:01am
Quoting Nofx
Hi Vlad!

I am not sure if I am understanding you correctly or not so I have included a chart to reference what I think your question is. If you entered where I placed the arrow on the chart that would not be a good entry for me. I think Cryten talked about this in the first post of the thread.

First reason not to take the trade is: lots of small candles with long shadows indicating market indecision.

Second reason: This time is nearing the end of the U.S. Session and therefore one can expect a ranging market for the next few hours.

That is why I did not take that particular trade. I did however take the next long signal. I think you can see the difference in the shadows on the candles at that point - nice flat bottoms with no lower shadows and price cleanly above the T3. I hope I have understood your question correctly. If not, let me know and I will take another stab at it.

Good trading to you,

NOFX
Yes, you understood me right. I guess i made a wrong move. Will continue to observe.

People in this thread!!! lately you have been stressing the use of various EAs, but it would be a good idea to concentrate on manual trading and post your trades. It looks like supernova has great potential, lets perfect it but in traditional way and now to allow robots to ruin our lives.

Vlad
  • #2,863
  • Nov 15, 2007 3:06am Nov 15, 2007 3:06am
Quoting rapikbey
Hi Nofx,

How many candles before the signal should we analyze for shadows and so on?

Thanks.
Hi Rapikbey!

I don't have a set number of candles that I look at - I just try to get an overall feel for what price is doing. This can be somewhat subjective at times.

Good trading,

NOFX
  • #2,864
  • Nov 15, 2007 3:10am Nov 15, 2007 3:10am
Quoting Nofx
Hi Rapikbey!

I don't have a set number of candles that I look at - I just try to get an overall feel for what price is doing. This can be somewhat subjective at times.

Good trading,

NOFX
NOFX,
So what happened to pound/yen at that time? Why do you think, it dropped like that?
  • #2,865
  • Nov 15, 2007 3:10am Nov 15, 2007 3:10am
Quoting VladNYC
Yes, you understood me right. I guess i made a wrong move. Will continue to observe.

People in this thread!!! lately you have been stressing the use of various EAs, but it would be a good idea to concentrate on manual trading and post your trades. It looks like supernova has great potential, lets perfect it but in traditional way and now to allow robots to ruin our lives.

Vlad

Hi Vlad!

I also am a firm believer in manual trading, however the people working on the EA side of things here in the thread are doing a phenomenal job and I think they need to be encouraged to continue. I am very much looking forward to the result of their efforts. I think both forms of trading have been able to coexist comfortably on the thread and hopefully that will continue.

Good trading,

NOFX
  • #2,866
  • Nov 15, 2007 3:11am Nov 15, 2007 3:11am
Quoting VladNYC
NOFX,
So what happened to pound/yen at that time? Why do you think, it dropped like that?
LOL! I have no idea.
  • #2,867
  • Nov 15, 2007 3:14am Nov 15, 2007 3:14am
Quoting Nofx
LOL! I have no idea.
i see you use pivot lines. How are they coming along? I am sure you have discussed them. Can you please point to your posts where you did just that.
  • #2,868
  • Nov 15, 2007 3:18am Nov 15, 2007 3:18am
Quoting VladNYC
i see you use pivot lines. How are they coming along? I am sure you have discussed them. Can you please point to your posts where you did just that.

Go back 1 page - post #2853
  • #2,869
  • Nov 15, 2007 3:25am Nov 15, 2007 3:25am
Quoting Nofx
Go back 1 page - post #2853
Great i saw, and where can i get this indicator?
  • #2,870
  • Nov 15, 2007 3:29am Nov 15, 2007 3:29am
Quoting VladNYC
Great i saw, and where can i get this indicator?
Here it is.
Attached File(s)
File Type: mq4 Pivot.mq4   5 KB | 314 downloads
  • #2,871
  • Nov 15, 2007 3:33am Nov 15, 2007 3:33am
Quoting Nofx
Here it is.
Thank You, does it auto adjust, or do i reapply it daily?
  • #2,872
  • Nov 15, 2007 3:37am Nov 15, 2007 3:37am
Quoting VladNYC
Thank You, does it auto adjust, or do i reapply it daily?
I reapply it daily as it seems to have some problems resetting at times. There are other pivot indicators out there too that may work better - I just like this one.
  • #2,873
  • Nov 15, 2007 4:03am Nov 15, 2007 4:03am
Hi to all, I'm testing a lot system in this period.. and now i read of the "supernova"

I'm like this system, and i understand that the foundamentals indicators are, QQE \ DMI \ MOM \ T3 \ HEIKEN ASHI

Enter when Heiken ashi cross the T3, and DMI\MOM\QQE are in according..

But i don't clear where i put my stop loss, and when i take profit..

Support Resistence, Pivot point ??

How does they do ?

P.S sorry for my little english but i'm italian ..
  • #2,874
  • Nov 15, 2007 5:04am Nov 15, 2007 5:04am
Quoting AlbyM
Hi to all, I'm testing a lot system in this period.. and now i read of the "supernova"

I'm like this system, and i understand that the foundamentals indicators are, QQE \ DMI \ MOM \ T3 \ HEIKEN ASHI

Enter when Heiken ashi cross the T3, and DMI\MOM\QQE are in according..

But i don't clear where i put my stop loss, and when i take profit..

Support Resistence, Pivot point ??

How does they do ?

P.S sorry for my little english but i'm italian ..

Hi Alby!

I don't think there is a specific answer to your question on stop loss and take profit points. I normally try to put my stop loss behind the T3. This does not always work well with money management however as you will notice if you look at the chart. In this case, I put my stop behind the last candle's high. I also use S/R lines from the 4hr chart as well as daily pivots - these I also use for exit points or clues to when I might close a partial position.

Hope this helps - sorry I could not be more specific but a lot of trading is just gaining a feel for the market and trusting your instincts at critical levels.

NOFX
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
  • #2,875
  • Nov 15, 2007 5:26am Nov 15, 2007 5:26am
Gday Gnat!

Welcome to my world - LOL! Hope the eggs are well - mine are fast asleep for a few more hours. Ah - what peaceful silence. Hope all is well with you today.

Doggy
  • #2,876
  • Nov 15, 2007 5:28am Nov 15, 2007 5:28am
Quoting Nofx
Hi Alby!

I don't think there is a specific answer to your question on stop loss and take profit points. I normally try to put my stop loss behind the T3. This does not always work well with money management however as you will notice if you look at the chart. In this case, I put my stop behind the last candle's high. I also use S/R lines from the 4hr chart as well as daily pivots - these I also use for exit points or clues to when I might close a partial position.

Hope this helps - sorry I could not be more specific but a lot of trading is just gaining a feel for the market and trusting your instincts at critical levels.

NOFX
Hey Dogster!

Sorry for showing up so late today! Great job you did here!
As you see the manual side is alive and kicking. And with her boss in OUR hands we will have Awesome back to shine! :
Egg-Business kept me out of work, but earlier I was in time for a nice UK Retail, so this has been a good day so far. Just for the record: I traded real money... ROTFL!!
Guess you need some sleep now, if you are not in a trade or two... No sleep deficit amassment - it is the worst you can do for your health!

Have a good one!
Ciao
GnaMaTT
  • #2,877
  • Nov 15, 2007 5:31am Nov 15, 2007 5:31am
Quoting Nofx
Gday Gnat!

Welcome to my world - LOL! Hope the eggs are well - mine are fast asleep for a few more hours. Ah - what peaceful silence. Hope all is well with you today.

Doggy
Right... when they sleep I sometimes think mine are really nice!!
  • #2,878
  • Nov 15, 2007 5:33am Nov 15, 2007 5:33am
Gnat,

Yes well I took an extensive nap earlier today in anticipation of the London session. I also closed out a short trade about half an hour ago for a nice little 140 pip trade so that was a nice frosting on the cake. I will probably be heading for the BAD in a half hour or so but actually am not feeling too sleep deprived as of yet.

Thanks for showing up!

Dogster
  • #2,879
  • Nov 15, 2007 5:34am Nov 15, 2007 5:34am
Quoting Gnat
Right... when they sleep I sometimes think mine are really nice!!

really fun heheeee

basically i am doing some better man.
i added some indicators to my system from this supernova well. today cought about 500 pips on 4 pairs
  • #2,880
  • Nov 15, 2007 5:36am Nov 15, 2007 5:36am
Before I forget it...

You feel that a second DMI with "5" is good for timely entries on the 15M TF? This sounds interesting, as I think that especially DMI and MOM settings are possibly much more bound to the TF they are used in. Some testing showed elevated results with the EA and I guess the manual side is ever more reactive. Maybe as time goes by there may be DMI's for 30M and 1H too, completely different from each other. But we should also not try to curvefit this too much. But DMI 5 for 15M sounds really catching.
Do you do this on all pairs or are you just concentrating on the Guppy at this point? And you can always answer tomorrow ... you need sleep!!
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