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bo7a method... method for GBP/JPY

  • #61
  • Dec 13, 2007 10:51pm Dec 13, 2007 10:51pm
Quoting SA_Node
Which is the 1st best GBP/JPY system as per your experience, if you can share the info ?
By telling you here, wouldn't I be hijacking this thread?

I will PM you.
  • #62
  • Dec 13, 2007 11:07pm Dec 13, 2007 11:07pm
I don't if it work on other pair. Right now, I am trying it on EUR/GBP pair. I will keep you posted on the outcome. Lest I forget, I am trying this on a demo account.
  • #63
  • Dec 13, 2007 11:40pm Dec 13, 2007 11:40pm
seems interesting system...... we'll test it with the guys out there. and if there's a signal we'll post the chart and discuss it.
Charting Markets into the Future...MǎҖ€¥.
  • #64
  • Dec 14, 2007 12:39am Dec 14, 2007 12:39am
Hi mindforex,

Do you take a trade when 7 crosses 90?

I noticed that when 7ema crosses 90ema, it often can produce a good trade,
because when it crossed below or upper 90 and 7 manage to pierce into 90, it often can pierce far into the 90ema without ever crossing again..
  • #65
  • Dec 14, 2007 1:20am Dec 14, 2007 1:20am
Quoting vsumardi
Hi mindforex,

Do you take a trade when 7 crosses 90?

I noticed that when 7ema crosses 90ema, it often can produce a good trade,
because when it crossed below or upper 90 and 7 manage to pierce into 90, it often can pierce far into the 90ema without ever crossing again..
Hey, I was thinking the same thing myself, as a matter of fact such a trade is building up on GPB/USD as im writing this. 7 is above 15 and its about the breach the 90 ema.. Lets see what happens

Oh, my apologies to the TS, here we are already trying to better what seems to be a fine system...
Liberate me ex inferis
  • #66
  • Dec 14, 2007 1:25am Dec 14, 2007 1:25am
What time zone do your broker use?

It is very important for the Pivot lines.
  • #67
  • Dec 14, 2007 1:45am Dec 14, 2007 1:45am
I think I've got an idea which comes first.

; )

Quoting mazdaz
After breaking this system up into small chunks and digesting it, I have to say, this has to be the 2nd best GBP/JPY system out there.

Thats my 2pips ofcourse.
"People sometimes mistake luck with skill"
  • #68
  • Dec 14, 2007 1:46am Dec 14, 2007 1:46am
We need to keep glued to the chart I guess. Or set a cross alarm on the chart.

Quoting billbss
It wouldn't be very accurate.
The 7EMA keeps moving. Sometimes it's several bars later before price touches it.
Sometimes it never does.
"People sometimes mistake luck with skill"
  • #69
  • Dec 14, 2007 1:47am Dec 14, 2007 1:47am
Thanks for sharing.

Quoting mindforex
hey guys

of course u must try and back test this system enought time before u start using it .. this is a condition with all systems.. i think all of u will like this system it's so easy and good and u can make good profit from it

good luck guys
"People sometimes mistake luck with skill"
  • #70
  • Dec 14, 2007 2:59am Dec 14, 2007 2:59am
Quoting mindforex
1 - I mean that price must touch the 7 ema afther the cross
Does this price re-test should be on next candle or can be within the first candle retrace after ema cross ?
  • #71
  • Dec 14, 2007 3:20am Dec 14, 2007 3:20am
Quoting SA_Node
Does this price re-test should be on next candle or can be within the first candle retrace after ema cross ?
it usually retraces at the first or second or third candle if more than that it's better not to enter
freedomfigher
  • #72
  • Dec 14, 2007 3:23am Dec 14, 2007 3:23am
Quoting 20pips
We need to keep glued to the chart I guess. Or set a cross alarm on the chart.
yes I attached a cross alarm at the first post
freedomfigher
  • #73
  • Dec 14, 2007 3:33am Dec 14, 2007 3:33am
Quoting smeden
What time zone do your broker use?

It is very important for the Pivot lines.
I use al-trade
freedomfigher
  • #74
  • Dec 14, 2007 3:58am Dec 14, 2007 3:58am
Quoting Ronyn76
Hey, I was thinking the same thing myself, as a matter of fact such a trade is building up on GPB/USD as im writing this. 7 is above 15 and its about the breach the 90 ema.. Lets see what happens

Oh, my apologies to the TS, here we are already trying to better what seems to be a fine system...

look my friend, u can try it for any pair, but if i enter with it at any pair i set a profit of 20 - 30 pips and it usually hit the target

I didn't try this method for other pairs but for EUR and CHF u can use a stoploss of 25 pips ... look at the chart and see u won't find more than 2 stoplosses hitted

with the GBP/USD u can use a stoploss of 50 pips >> I don't like this pair !

remember I didn't try this method enough time for other pair , u should try it enough time
freedomfigher
  • #75
  • Edited 4:21am Dec 14, 2007 3:58am | Edited 4:21am
mindforex could u please tell who is your broker? thanks

mindforex i think you do not like answering this question or you think its irrelevant, the reason i was asking i can see different signals on ODL and Alpari UK than your charts ones. Still i would like to say thank you to you for this good system.
member
  • #76
  • Dec 14, 2007 4:04am Dec 14, 2007 4:04am
Quoting vsumardi
Hi mindforex,

Do you take a trade when 7 crosses 90?

I noticed that when 7ema crosses 90ema, it often can produce a good trade,
because when it crossed below or upper 90 and 7 manage to pierce into 90, it often can pierce far into the 90ema without ever crossing again..
really I didn't try this , but I'm sure when 7 crosses 15, and at the same time the price breaks ema 90, the trend is gonna be changed with 70% and u can have a swing

I'm trying to keep the system simple, beleive me it is highly profitable
freedomfigher
  • #77
  • Dec 14, 2007 4:24am Dec 14, 2007 4:24am
Hi,

Please I would like to know whether the 7,15,90ema's are close or open. Your system is amazing,would put it into test right away. Can you mail me through this e-mail: [email protected]


Quoting mindforex

Hi dear friends,






First I must tell you that This method was made by an Egyptian guy called Bo7a






really I found it is the best for making about 900 to 2000 pips per month






After reading this method u will discover that forex is so so easy but needs to understand that it is simble






Now let's get started




What are we going to use






1-ema 7 (yellow)





2-ema 15 (red)





3-ema 90 (white)





4-daily pivot fibo



steps

1-we detect trend using ema 90 if the price is over the line then we are in an up trend and we are looking only for long positions , and if the price is under the line then we are in down trend and we are looking only for short positions

2-we use the crossover of ema 7 with ema 15 to determine the entry point , we don't enter immediately after the intersection but we wait until the price retest ema 7

3-we use the daily pivot fibo to determine the exit point and we exit at the first level that meets us or before it



4-use safety stop loss at 75 points and u can use hedge if u like it



5- don't enter with very big candles or with news and in vacations




now download the template and other indicators from the attachments






see my charts and start trading with it and give me ur opinions

  • #78
  • Dec 14, 2007 4:49am Dec 14, 2007 4:49am
Quoting Qu2
Looks very interesting. What time frame are you on? Is this applicable in lower timeframe like 1min or 5min?

Regards

I use it on 1 hr time frame , I don't like small time frames, there will be many wrong crossovers, but u can try it and tell us
freedomfigher
  • #79
  • Dec 14, 2007 4:50am Dec 14, 2007 4:50am
Quoting mindforex
really I didn't try this , but I'm sure when 7 crosses 15, and at the same time the price breaks ema 90, the trend is gonna be changed with 70% and u can have a swing

I'm trying to keep the system simple, beleive me it is highly profitable
hi, which is the best TF for trading your system and which are the best pairs?
  • #80
  • Dec 14, 2007 4:51am Dec 14, 2007 4:51am
Quoting bigmanin
great stuff mindforex and thanks for sharing your system. Just one question please Who is your broker?

fxsol
freedomfigher
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