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Quest 100 System

  • #401
  • Mar 12, 2008 8:35pm Mar 12, 2008 8:35pm
Finally starting to see the light at the end of the tunnel on the Aura Indicator.

It offers SELL/BUY signals with regular/email alerts.

Below is an example of what it looks like. In this case it gave a SELL signal and when the red bar turns gray it's time to exit. This trade would have yielded +65 pips. (most trades are from 20-40 pips)

Tomorrow I'll start testing in forward trading. I know of a few bugs to still work out. Will try to have v1.0 out Sunday/Monday so you can start testing.

Thanks!
Neal

p.s. This is a good reason to trade several pairs. The more pairs the better chance of a few signals per day. Looks like it's averaging 1-2 trades/day per pair. Some days there are no trades for a single pair.
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  • #402
  • Mar 13, 2008 1:06am Mar 13, 2008 1:06am
Quoting nealc99
Finally starting to see the light at the end of the tunnel on the Aura Indicator.

It offers SELL/BUY signals with regular/email alerts.

Below is an example of what it looks like. In this case it gave a SELL signal and when the red bar turns gray it's time to exit. This trade would have yielded +65 pips. (most trades are from 20-40 pips)

Tomorrow I'll start testing in forward trading. I know of a few bugs to still work out. Will try to have v1.0 out Sunday/Monday so you can start testing.

Good. Maybe we can see the EA back in progress again.
  • #403
  • Mar 13, 2008 2:41am Mar 13, 2008 2:41am
We have been waiting ages for your latest creation...
  • #404
  • Mar 13, 2008 5:47am Mar 13, 2008 5:47am
Hi Neal,

Many thanks for posting your system at this forum. It is a very interesting approach, and it helps a lot to understand what is happening on each forex pair.

Please see the attached EURJPY chart with the standart chart setup. It seems that EURJPY needs to have a little chart setup adjustment (moving averages periods and their "aura") in order to be more in line with EURJPY price action. However, I tried to apply your special GY template and it seems to not be the appropriate one for EURJPY. Perhaps it is necessary to make an other special setup for EURJPY ...
You have a lor of experience and a deeper understanding of your chart setup, please can you be so kind to give me your opinion about this subject?

Thanks in advance for your help.

Pip
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  • #405
  • Edited 4:41pm Mar 13, 2008 9:43am | Edited 4:41pm
Looks Good!! Will it indicate the 89 entries as well as the 13 entries? And maybe show green bars for buys?? oh boy, oh boy!
  • #406
  • Mar 14, 2008 6:43pm Mar 14, 2008 6:43pm
I am posting a real trade made yesterday on EURJPY .
On Point 1 you can see the sell setup . The trade starts running and after some time price do a small reversal. Here we can see something special. Point 2 show how SMA13 act as a resistance a little above the 50% Fibonacci retracement level. Price tested two times 50% Fibonacci level retracement and then went down till the estimated target area – Point 3.
Here I was facing a trading dilemma … close position or stay in the trade… the last price bar was a big one and perhaps price can continue down. So .., I decided to stay in the trade.
Then price start to move up during 3 bars – Point 4, and start to move down as I desired. Ok, It was another up retracement… and now it will go down to make another lower low – I thought… But reality is quite different from ours wishes, thoughts and expectations… and position was closed at breakeven.
What is important here to note is that it was a very nice price move that behaved according to Neal system and we were able to see SMA13 importance and how a price target was meet.
Have a nice weekend!!
Pip
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  • #407
  • Mar 14, 2008 7:36pm Mar 14, 2008 7:36pm
OK... but (and I love fibs!).... Isn't our conservative entry on the 89 system to enter at the first close below the 89 aura after a break of the 89 River bank? (your red dashed line...)

In which case our entry would be at the OPEN of the candle AFTER yours marked #1.... at about 730... Then, the exit is at the touch of the upper blue aura (on your chart) at about 680... your candle #3.

Very vanilla.... and 50pips!!! no real dilemma... eh? Interesting to see the 13 act as resistance, but not really an issue trading the 89 system... only got to 735...

Nice and simple... the way to trade...!! I'm all for getting the big moves... but only IF they happen within my trading plan. If not, I have a stop loss plan. But here, 50pips, no fuss, no muss.

I know the "goal" is 100p per day. But really, 150p per week is GREAT, and one can live quite well on that. Trying to get too much is the greed part, and will KILL us... really.. been there. To the tune of 70K... but still alive to trade!!

And this is ALL just my opinion... please!
  • #408
  • Mar 15, 2008 6:02am Mar 15, 2008 6:02am
A few time later EURJPY gave another similar trade but with a different behavior.
Trade started at Point 1, made a small retracement at Point2 with SMA13 working as a resistance area in line with 61,8% Fibonacci retracement level.
Price went down to the Profit Target Area - Point 3 but didn´t stop and break SMA89 as showed at Point 4.

Have a nice weekend!

Pip
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  • #409
  • Mar 15, 2008 7:26am Mar 15, 2008 7:26am
Doing good guys! Your seeing patterns according to the system.

So there was no confusion, I commented on the chart with the correct entry/exit points outlined by the system so it would be clear.

SELL ENTRY is below the red dashed line and below the 13SMA (unless the 13SMA is far away due to rapid movement).

EXIT is the gray dashed line (blue on this chart) just above the 89SMA.

NOTE: the 2nd trade is an ideal example of evaluating a trade before exit. As we can see we could have shifted over to the 13SMA system and stayed in the trade a while longer for extra safe pips.

Thanks again for all your interest and support for the system.

Neal
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  • #410
  • Mar 15, 2008 7:35am Mar 15, 2008 7:35am
Hi Neal,

I tried to open some audio and video presentations on this strategy using the following link:

Quote
"This link is a presentation explaining the strategy both via audio (have your headsets on) and visual slides. http://allonq.com/pr/4128&s=1"
However I am not able to see and ear anything. I dont know if it is a problem from my browser or if some any reason the sound and videos files are not available. Can you tell me if there any kind of problem with this link?

Thanks in advance for your help.
Pip
  • #411
  • Mar 15, 2008 8:23am Mar 15, 2008 8:23am
Quoting Pip
Hi Neal,

I tried to open some audio and video presentations on this strategy using the following link:

However I am not able to see and ear anything. I dont know if it is a problem from my browser or if some any reason the sound and videos files are not available. Can you tell me if there any kind of problem with this link?

Thanks in advance for your help.
Pip
Only requirement is Flash Player be installed on your system (which most people have). Here is the link if you don't have it installed: http://www.adobe.com/shockwave/downl...&promoid=BUIGP
  • #412
  • Mar 16, 2008 3:52am Mar 16, 2008 3:52am
Great work Neal, but I would like to advise all traders to be careful where they put their money when it comes to "online" Brokers. No matter how good a trading system is, this can all be taken by a crooked Broker. This is very important at this time as the US in particular is in real trouble and financial companies are in real trouble.

For 10 years now we have been predicting a deep recession/depression and it's all coming true. In fact we have timed it for exactly now, and we are now predicting a depression or a series of recessions. Folks, this is a serious problem and it will make the 80's recession look like a joke. Buy gold, silver or important commodities like coffee, tea and sugar. Having travelled the world and knowing many Merchant Bankers, my advice is simple, be very careful where and how much money you trade with at this time.

Don't let Bush, Fed or anybody else fool you. They lie about everything. The US is going down BIG TIME and so is the majority of the other countries out there. UBS (Switzerland annouced they are laying off 8,000 jobs today). Get my drift !

Neal. I apologise for digressing on your great trading system but Traders have to be aware that no matter how good your system is they need to be very careful with their money at this point in time.
  • #413
  • Mar 16, 2008 7:05am Mar 16, 2008 7:05am
Quoting vincent001
Great work Neal, but I would like to advise all traders to be careful where they put their money when it comes to "online" Brokers. No matter how good a trading system is, this can all be taken by a crooked Broker. This is very important at this time as the US in particular is in real trouble and financial companies are in real trouble.

For 10 years now we have been predicting a deep recession/depression and it's all coming true. In fact we have timed it for exactly now, and we are now predicting a depression or a series of recessions. Folks, this is a serious problem and it will make the 80's recession look like a joke. Buy gold, silver or important commodities like coffee, tea and sugar. Having travelled the world and knowing many Merchant Bankers, my advice is simple, be very careful where and how much money you trade with at this time.

Don't let Bush, Fed or anybody else fool you. They lie about everything. The US is going down BIG TIME and so is the majority of the other countries out there. UBS (Switzerland annouced they are laying off 8,000 jobs today). Get my drift !

Neal. I apologise for digressing on your great trading system but Traders have to be aware that no matter how good your system is they need to be very careful with their money at this point in time.
That is fine Vincent001. What you have to say can affects ANY trading system and everyone needs to be made aware to keep their eyes open. One thing we have going for us is that we can make $$ whether the market goes UP or DOWN. I also agree to choose your broker carefully, they can go out of business as well.
  • #414
  • Mar 16, 2008 2:41pm Mar 16, 2008 2:41pm
Thanks to all of you who have sent me a private message regarding a recession and security of your money at this time.
Neal is quite right, money can be made whether the market is going up or down, and also during difficult economic times. However prudence is the key so if you are going to trade, I suggest you have more than one Broker and spread the risk. The old saying is quite right, "Don't put all your eggs in the one basket".
  • #415
  • Mar 16, 2008 9:26pm Mar 16, 2008 9:26pm
OMG!!!!!!!!!!!!!!!!!!!!!

Wait till you see the results of the Aura_v1.0 indicator and the EA that uses it to trade with. You will fall on the floor (will keep you in suspense and report tomarrow).

The Asian session is going INSANE!!!!!!!!!!!!!!!
  • #416
  • Mar 17, 2008 12:58am Mar 17, 2008 12:58am
Great stuff Neal ! Your system is excellent and works very well for certain pairs.
  • #417
  • Mar 17, 2008 5:51am Mar 17, 2008 5:51am
Hehehe Neal, I am going insane waiting for the AURA indicator and the EA

Great work man!

Quoting nealc99
OMG!!!!!!!!!!!!!!!!!!!!!

Wait till you see the results of the Aura_v1.0 indicator and the EA that uses it to trade with. You will fall on the floor (will keep you in suspense and report tomarrow).

The Asian session is going INSANE!!!!!!!!!!!!!!!
  • #418
  • Mar 17, 2008 6:29am Mar 17, 2008 6:29am
Vicent,

Can you tell us what forex pairs you consider the best for this system?


I am posting a chart of a not standart trade. Today I notice that EURCHF was doing higher lows (points 1,2,3) so I enter the trade when price broke the +21 level of SMA13 (yellow line) and establish a profit target between -89 and -68 SMA89 lines. It worked very well.

Perhaps Neal can tell us his opinion about this approach, and if it can be used when price is very much outside the banks of the river, or if it has a very high risk associated.

Have a nice day!
Pip
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  • #419
  • Mar 17, 2008 6:54am Mar 17, 2008 6:54am
Quoting Pip
Vicent,

Perhaps Neal can tell us his opinion about this approach, and if it can be used when price is very much outside the banks of the river, or if it has a very high risk associated.

Have a nice day!
Pip
Today was one of thoes "in the right place at the right time" Asian sessions.

When "outside" the river banks, anything can happen, but I would have traded off the 13SMA method and would have resulted in about +110 pips.
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  • #420
  • Mar 17, 2008 8:43am Mar 17, 2008 8:43am
Hi ,nealc99. Your EA is V1.2?
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