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the key to the mint

  • #441
  • Dec 11, 2007 4:09am Dec 11, 2007 4:09am
Quoting burt625
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!
Hello. Yes, I understand that yesterday's daily bar was signaling buy trades, but I don't see a 5Ema-close / 8Ema-open crossover to the upside today, only yesterday, hence my question. Unless you are basing your entries on another combination of indicators.

Edit: Unless you are entering on the cross of Stochastics... is that it? If so, all is explained
  • #442
  • Dec 11, 2007 4:36am Dec 11, 2007 4:36am
the 2 emas crossed down 6hrs ago and crossed back up 3hrs later signalling a buy. however, let me add that my daily rsi was 49.2. so i guess, either ur charts were different or u just tweaked ur rules a bit.
  • #443
  • Dec 11, 2007 4:48am Dec 11, 2007 4:48am
Well, I might be doing something wrong then... these are the charts in two different brokers (demo accounts - Mig and IBFX) I see no Ema cross, only Stochastic crosses.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-mig.GIF Size: 12 KB
Click to Enlarge Name: gbpjpy-ibfx.gif Size: 7 KB
  • #444
  • Dec 11, 2007 5:00am Dec 11, 2007 5:00am
i see ur plight. my chart has a cross. however, what matters is that even if there is no cross but the parameters meet up, then there is a trade potential (i speak 4 myself), it's about timing, whether oversold/ overbought. believe.
  • #445
  • Dec 11, 2007 5:06am Dec 11, 2007 5:06am
Quoting LazyPip
Unless you are entering on the cross of Stochastics... is that it? If so, all is explained
Yes you were correct, the MAs have already crossed much earlier as jku pointed out so I entered based on Stoch and RSI. The extra indicator is just to give me extra confirmation esp in taking profit although it is not essential.
  • #446
  • Dec 11, 2007 5:09am Dec 11, 2007 5:09am
i see ur plight. my chart differs. anyways, if the stoc runs outta sync and then back in the directn of the daily signal, u may enter a trade accordingly(i speak 4 myself).
  • #447
  • Dec 11, 2007 5:27am Dec 11, 2007 5:27am
u guys are doing wondefully well. am just reading through the srategy ad i feel is very good, but please i will like to know much about it. can anyboby help me out to get to know much about the strategy
  • #448
  • Dec 11, 2007 5:39am Dec 11, 2007 5:39am
Quoting jku
i see ur plight. my chart differs. anyways, if the stoc runs outta sync and then back in the directn of the daily signal, u may enter a trade accordingly(i speak 4 myself).
Thanks, now I understand. Guess it's data feed difference in your case then. Well, glad it worked nonetheless!

Quoting yullah
u guys are doing wondefully well. am just reading through the srategy ad i feel is very good, but please i will like to know much about it. can anyboby help me out to get to know much about the strategy
Keep following this thread and if you have any questions, ask away. The folks in here are helpful, harold4x or someone else is always here to help
  • #449
  • Edited 6:45am Dec 11, 2007 6:23am | Edited 6:45am
morning all got an alert last night was really groggy stumbled in put trade on and fell asleep in den on bed none the less a nice win on gbpjpy a nice setup. let me explain the indicators. as you will see from the chart i will post below both emas are already crossed and the rsi is already above 50 but since the stoc was going the other way we are waiting for the cycle indicator to let us know about the next cycle. when all 3 indicators line up in the direction of the daily chart thats when you put trade on i cant say it any clearer than that take a look at chart i personally didnt trade the eurjpy for this reason the stoc and rsi in overbought region and daily was in overbought also but even if you took signal here is senario enter at 164.71/75 it makes a high of 164.98 and closes at 164.75 but at the close of that candle the stoc closed down to signal exit so it would have ended up a breakeven trade anyway
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 26 KB
  • #450
  • Dec 11, 2007 6:52am Dec 11, 2007 6:52am
Quoting LazyPip
Thanks, now I understand. Guess it's data feed difference in your case then. Well, glad it worked nonetheless!



Keep following this thread and if you have any questions, ask away. The folks in here are helpful, harold4x or someone else is always here to help


thank u so much forbeen there for me i will give some question very soon, cos am still going through the strategy, and please can i get your ym
  • #451
  • Dec 11, 2007 6:57am Dec 11, 2007 6:57am
whats a ym? also look at chart i posted the pictures i post are for you guys to get a visual of the way to trade this very simple strategy look at them so you wont have to ask the same questions over and over again remember this if daily says its a long for today because all 3 indicators are crossed up then when all 3 indicators become all crossed up on 1 hour chart you have a entry
  • #452
  • Dec 11, 2007 8:31am Dec 11, 2007 8:31am
Ah, now I get it! Thanks harold4x! Such a simple thing. I was under the impression that the trigger event was the crossover of the EMAs. Now it cleared up in my mind... it has to do with the crossover of the Stoch or RSI as well. They may be the "trigger" even.

Thanks again, can't believe I overlooked that. "Duhh" for me.
  • #453
  • Dec 11, 2007 8:34am Dec 11, 2007 8:34am
as long as you got it now you will make money it really is that simple all 3 indicators must be going in same direction. thats why they are called indicators because they indicate what direction price might go
  • #454
  • Dec 11, 2007 8:54am Dec 11, 2007 8:54am
well i looks like nothing else is going to happen today time to do other things see you guys later looks like we may have 4 signals tomorrow if nothing else happens
  • #455
  • Dec 11, 2007 11:50am Dec 11, 2007 11:50am
interesting eurjpy is lining up for a buy signal at the close of this candle
  • #456
  • Dec 11, 2007 12:00pm Dec 11, 2007 12:00pm
I just noticed that also. My rsi is at 48.6 (IBFX)
  • #457
  • Dec 11, 2007 12:22pm Dec 11, 2007 12:22pm
it never materialized thats it for today i will post signals tonite
  • #458
  • Dec 11, 2007 12:54pm Dec 11, 2007 12:54pm
Harold4x, i want to express many many thanks for sharing your trading play strategy. I have been a member of FF since Feb/07 but this is my first post. I have been studying how to trade forex for 2 years now. About a year ago I went live(too early for me), saw my account shrink to about half and decided I needed to become more knowledgeable. I have read about many trading systems on FF(and I mean reading every single post in those systems). I have just recently read your "key to the mint" trading system( from the first post to the last post) and just love your brilliant yet easy to understand system that I beleive will fit me. Kudos to you for sharing a system that you use as a professional trader,and willing to share unselfishly. I hope you are rewarded a thousand fold for your efforts.
  • #459
  • Dec 11, 2007 1:13pm Dec 11, 2007 1:13pm
Hello,

Does anyone know how to make this system into a EA? I think this could be a very good EA!

I am also very happy with this trading system. I have been part of FF for some months now, but i recently started posting when I saw tis system.
  • #460
  • Dec 11, 2007 6:10pm Dec 11, 2007 6:10pm
ok here are signals for tomorrow: short cadjpy long eurcad short gbpjpy the eurjpy has a signal on ibfx charts but my platform the emas have not crossed so personally i will not trade the eurjpy tomorrow
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