the key to the mint

Thanks for the concise answer (re-entry is a GO!) and your clarification on stops.

Now back to that same example...

In this case, at our 2 am EST start time, the signal candle wasn't the previous one but was actually 2 candles back.

What if the signal candle was farther back say 6 or 7 candles away, but the indicators were still crossed and valid?

Would that be too stale of a signal to enter with?

Or does it have more to do with how far the current (2 am) price has moved away from the signal candle's closing price?

Thanks for your time.

So for the Daily gbp/jpy we have a close with the rsi over 50 and the stoc is crossed up. So do we look for a long trade on the 1 hr chart?

well only 2 signals for tomorrow long gbpjpy and eurjpy this one has overbought stoc keep an open eye when trading this pair tomorrow. yes these are the signals for tomorrow we now look for same criteria on 1 hour charts tomorrow

hi bungo yes the candle before the one that closed was the entry candle but i start at 2 sort a big ben mindset you know move market one way then another to clear books then go in direction of first trade which actually happened last night

it is tempting to put these trades on now with all indicators lined up on 1 hour charts but volitility is lower now than at 2 am est though sometimes there is a move at this time just that more often than not its very slow so i chose to stick to my times of trading even though gbpjpy looks like a winner gbpjpy

Harold, what about the gbp/chf . Every thing seems lined up on the daily except the rsi, is this something you are watching? Great thread, thanks.

again read post 1 all 3 indicators must be crossed to generate a signal for next day

Did you play with the idea of the 1-2-3 with trend?
with your system?

TEB

i mulled it over it just gives me another confirmation but it wont alter my decision process because i have had great success over the years with this. i have been through the tweaking periods with fib,elliot waves, pivots trendlines ,123, breakouts etc but i end up always coming back to this and why not it just pays the bills

Is it possible to make a EA for this system?

sure why not its just 3 basic indicators and since you know which direction your trading the night before you can put in long if emas rsi and stock cross and then put in stop and target and maybe a feature to reenter if you get kicked out of a trade and at the end of the candle the indicators are still in place i dont have that knowledge to do that but it certainly can be done

Where can I find a calendar that has the news events for the month?

Sorry for all the questions. I am just really interested in this system, which seems to be really good!!

scroll to top of page there is calendar well time to take a nap and wait for alert to wake me see you guys tomorrow

Thank you very much!

Since I have to work and I won't be able to monitor the progress, I opened 3 trades with TP of 10 pips.


GBP/JPY Bought at 228.67
EUR/JPY Bought at 164.47
USD/JPY Bought at 111.77


All set TP were hit with a total of 30 pips.

I am very new at this but I like this system. I have learned a lot. Thanks to all!

Hi, everyone. Thanks Harold, for your patience and consistency.
I have never been too far from this thread.
I record a long on EU as well.
Trade well.

YEEEESSSSSS!!!!! +50 on GBPJPY!!!

thanks harold4x!

Congratulations

But... I thought a cross up hasn't happenned yet today on the GBPJPY.

Yesterday's daily showed a buy so today we look out for confirmation for buy signals. I am using Alpari so different brokers might show different values but so far for me I haven't had any problems. Look at the 1H chart below for GBY/JPY and you will see that there were 2 possible buy signals earlier (if you had entered at opening price) and both would have given you quite a bundle of pips!