Just tried it out on the 3:00 peak and made 50 pips so far. thx
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DislikedTKimble,
Your contributions are always appreciated. Thanks for this new system. Question on an entry: The attached picture seems to show a good entry but then a drawdown of about 165 pips while the MACD and OSMA are continuing their downtrends. Comments? Thanks again.Ignored
DislikedThe GBP/JPY created a sell signal on the last hourly bar at 223.41. Did anybody catch the signal beside me?
Thanks,
TKIgnored
DislikedThanks Carmel, but this seems to be the same one I already have, and isn't the multi colored one as in your chart?Ignored
DislikedHi TKimble,
This seems to be a very simple & profitable system from what I have seen so far using it in DEMO MODE. What is the lowest TF you would advise to use as I have only tried the 1Hr, but have a preference for the 15Min if that would work.
Over the last several months I have reviewed your methods & I must say you need to put these into a book format. Some would most likely make nice EA's
if your into that. No doubt you have the ability to develope some really nice methods that should appeal to a broad range of traders.
Tks
AceTraderIgnored
DislikedThis is by far my most profitable system and very simple.
1. Works with all types of time frames (hourly, 4 hour, daily, weekly, monthly).
2. Create a MACD or OsMA chart using the following parameters:
Fast EMA 40
Slow EMA 50
Signal SMA 100
3. The MACD and/or OsMA value will change for every price bar.
4. Use 50 PIP stop on all trades...
Buy Signal: When the current price bar MACD or OsMa signal is greater than the previous price bar MACD or OsMA value
Sell Signal: When the current price bar MACD or OsMA signal is less than the previous price bar MACD or OsMA value
That is is. This system will allow execution of buys at the very low point of a trend and the exeuction of sells at the very high point of trends...
Your only preference should be the timelines. If you have time to monitor the market daily, use the hourly chart. If not, use the 4 hour or daily chart. The greater the timeline, the fewer the trades.
I have been successfully trading this system using a one hour chart.
Enjoy,
TKIgnored
DislikedHi TKimble,
This seems to be a very simple & profitable system from what I have seen so far using it in DEMO MODE. What is the lowest TF you would advise to use as I have only tried the 1Hr, but have a preference for the 15Min if that would work.
Over the last several months I have reviewed your methods & I must say you need to put these into a book format. Some would most likely make nice EA's
if your into that. No doubt you have the ability to develope some really nice methods that should appeal to a broad range of traders.
Tks
AceTraderIgnored
DislikedWelcome back Tkimble
Maybe it could be useful if you tell us which broker do you use to pick signal since users use different broker and cannot see your trade. I think this could help a lot to avoid misunderstanding on your entry/exit.
Regards,
SkylineIgnored
DislikedThis is by far my most profitable system and very simple.
1. Works with all types of time frames (hourly, 4 hour, daily, weekly, monthly).
2. Create a MACD or OsMA chart using the following parameters:
Fast EMA 40
Slow EMA 50
Signal SMA 100
3. The MACD and/or OsMA value will change for every price bar.
4. Use 50 PIP stop on all trades...
Buy Signal: When the current price bar MACD or OsMa signal is greater than the previous price bar MACD or OsMA value
Sell Signal: When the current price bar MACD or OsMA signal is less than the previous price bar MACD or OsMA value
That is is. This system will allow execution of buys at the very low point of a trend and the exeuction of sells at the very high point of trends...
Your only preference should be the timelines. If you have time to monitor the market daily, use the hourly chart. If not, use the 4 hour or daily chart. The greater the timeline, the fewer the trades.
I have been successfully trading this system using a one hour chart.
Enjoy,
TKIgnored
DislikedThe GBP/JPY created a sell signal on the last hourly bar at 223.41. Did anybody catch the signal beside me?
Thanks,
TKIgnored