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Simplicity is the ultimate form of sophistication ( Elite )

  • #221
  • Mar 31, 2008 1:44pm Mar 31, 2008 1:44pm
It appears that you take signals in either direction (long/short) with no regard to what the trend may be on higher timeframes. Is that right?

Thanks for sharing this method.
  • #222
  • Mar 31, 2008 1:53pm Mar 31, 2008 1:53pm
Salam,
Thank you for sharing the system. Permission to try,
  • #223
  • Mar 31, 2008 2:23pm Mar 31, 2008 2:23pm
Quoting summitfx
I always thought exits were a personal thing. On any given day, my tolerance level changes and so do my lots. Some days, I may be happy with 10 pips and other days I may hold overnight with a trailing stop. What you have done here Karim is simplified the entry process. Don't complicate things. Many boneheads will pass thru here and offer more and more crap. Keep It Simple . I studied Woodies method many years ago and moved on to other things and here I am again foaming at the mouth over the simplicity of it all. We tend to complicate it when it doesn't need to be.

It will only be a proposition,

the most important was revealed, the entry, stop loss assured with a minimum loss...

The system will not change, and the rules for entry and stop loss will not change too

let me give it a try
  • #224
  • Mar 31, 2008 2:24pm Mar 31, 2008 2:24pm
Quoting summitfx
Morocco was made famous in the sixties for it's hashish. There was even a song by Crosby, Stills and Nash called the Marrakesh Express.

It was a popular route for traveling hippies during the mid-to-late 1960s who sought out this Moroccan city for its mythical Arabic appearance, and maybe for its renowned hashish.

http://www.youtube.com/watch?v=wtzIw...eature=related

Maybe the new mantra will be the express to Waterflames FX palace


haha, yes indeed

and thanks for the song
  • #225
  • Mar 31, 2008 2:24pm Mar 31, 2008 2:24pm
Quoting wcalem
It appears that you take signals in either direction (long/short) with no regard to what the trend may be on higher timeframes. Is that right?

Thanks for sharing this method.

yes , you have understand it right
  • #226
  • Mar 31, 2008 2:25pm Mar 31, 2008 2:25pm
Quoting itangsanjana
Salam,
Thank you for sharing the system. Permission to try,
W/S

sure, thats why its posted
  • #227
  • Mar 31, 2008 2:42pm Mar 31, 2008 2:42pm
Hello,
I tried this system live today with good results.I think I found a trading style I am now comfortable with.Are you showing live trades or demo in your posts?
  • #228
  • Mar 31, 2008 2:52pm Mar 31, 2008 2:52pm
Quoting jlmac27
Hello,
I tried this system live today with good results.I think I found a trading style I am now comfortable with.Are you showing live trades or demo in your posts?
all live, i m trading this now for 1 year and a half, but was variating from time to time the variables for the Trending SMA ( 34 )

as i got for about 6 monthes definitely this number, fiting atmost the market in all conditions and timeframes, i was assured of it.

The 3 Ema was discovered at least, because i was tired of the 5 and Ema too late entries, i have traded for a while just with price action breakouts at line charts.

[img=http://www.abload.de/thumb/eurusdmomentoooc.gif]

but this is another story
  • #229
  • Mar 31, 2008 3:10pm Mar 31, 2008 3:10pm
Hi Waterflame,

A very good question from a member on the higher TF's. Do you take counter trend trades as much as you would trade with the trend. Hey...scalping is not a bad way to play the game but just curious if you have traded longer term TF's.

Thanks for all your posts!
  • #230
  • Mar 31, 2008 3:19pm Mar 31, 2008 3:19pm
Quoting golferfx
Hi Waterflame,

A very good question from a member on the higher TF's. Do you take counter trend trades as much as you would trade with the trend. Hey...scalping is not a bad way to play the game but just curious if you have traded longer term TF's.

Thanks for all your posts!
if i realy trade higher timeframes ( 1h ) , i trade the full signal way

only 3ema - 34 sma , cci for momentum entry help

no counter trends

if it begins to weak, i cut and get profits, when not i let profits run
  • #231
  • Mar 31, 2008 4:34pm Mar 31, 2008 4:34pm
The GBPCHF does well with the system~
Attached Image (click to enlarge)
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Trade what you see - Not what you think
  • #232
  • Mar 31, 2008 4:47pm Mar 31, 2008 4:47pm
This one is stubborn but I think it may pay off later during the London session~
Attached Image (click to enlarge)
Click to Enlarge Name: display75.gif Size: 27 KB
Trade what you see - Not what you think
  • #233
  • Mar 31, 2008 4:53pm Mar 31, 2008 4:53pm
This a clear signal but I'm going to pass because of the time of day, the overall trend of the pair and long candle...what are your thoughts WF?
Attached Image (click to enlarge)
Click to Enlarge Name: display76.gif Size: 27 KB
Trade what you see - Not what you think
  • #234
  • Mar 31, 2008 4:53pm Mar 31, 2008 4:53pm
Hey summitfx, how do you get the arrows to appear. Do you have a special indicator. if so can you please post it.

Many thanks

Ed
"Do or do not, there is no try"
  • #235
  • Mar 31, 2008 4:53pm Mar 31, 2008 4:53pm
Waterflame

How do you tell if a market is one of the following:

- Sick ( too volatile and extreme aggresive with spikes ) ranging
- Lazy ( slow )


In my opinion, one usually cannot see such markets until after the fact.
Is there some other method you are using to identify such a market?
  • #236
  • Mar 31, 2008 4:55pm Mar 31, 2008 4:55pm
As i said, nothing will be changed for the initial entry or stop loss technics.

Another SMA will be added for Exit :

- 10 Sma ( the 10 Sma will not let you exit so fast as like the 8 Sma )

The exit rules for CCI will also not be changed, if with the entry CCI weak, get your few pips and exit.

If CCI continous over 100% , and just in case you reach more than 35 pips in a trade, than you can use the 10 Sma for exit

Reasons will be explained on chart.

There are also somethings explained what you have not to do with the 10 Sma, it was only added for a better exit with potential profits.


The lines with definitions will explain the use of everything.

Circles with numbers will give descrition of the use in the areas. ( this numbers will be in green )

(read the describtion under the image, it will take a few place in the chart and will confusing while watching the chart )


http://www.abload.de/img/activechartmkp.gif



1 - As usual we enter with a 3 Ema - 34 Sma cross ( Confirming Candle ) signal.

( all showing circles with entries will have the number "1" )


2 - The new feature is the Exit with 10 Sma , it will allows you to get the most of the moving trend ( if its a good one ) , before closing your position too fast, fearing to loose your profits.

( all showing circles with 10 Sma exits will have the number "2" )

If the move don't occurs, we remember the CCI exit rules.

Notice :

Never Use the 10 Sma for counter trends ( the trend is your friend, it dont worth it )

Never trade with 10 Sma continuations, they maybe fakes ( dont be greedy, wait for the next entry )


3 - This one shows you the CCI exit if its weakening ( observe also the candle )

to not loosing your few pips by the scalp, not to loose your spread, or get in stop loss

Stop Loss rules are not changed!



Thats it, enjoy
  • #237
  • Mar 31, 2008 4:57pm Mar 31, 2008 4:57pm
Here you go- just set up according to WF's rules. I like my charts clean but WF makes a good argument for having the MA's appear on your charts. This indie will also buzz you on a cross which is handy!


Quoting emt2ed1
Hey summitfx, how do you get the arrows to appear. Do you have a special indicator. if so can you please post it.

Many thanks

Ed
Attached File(s)
File Type: mq4 2MA CrossoverWithPrice.mq4   9 KB | 751 downloads
Trade what you see - Not what you think
  • #238
  • Mar 31, 2008 5:00pm Mar 31, 2008 5:00pm
Quoting summitfx
This a clear signal but I'm going to pass because of the time of day, the overall trend of the pair and long candle...what are your thoughts WF?
nice comments, yes indeed pound and swissy have european time where they move at most

choose asian pairs to trade asian session.
  • #239
  • Mar 31, 2008 5:05pm Mar 31, 2008 5:05pm
Does anyone else minus any indicators think this pig is going to 185.00
Attached Image (click to enlarge)
Click to Enlarge Name: display77.gif Size: 28 KB
Trade what you see - Not what you think
  • #240
  • Mar 31, 2008 5:05pm Mar 31, 2008 5:05pm
Thank you. i am not familiar with what the figures should be when I edit the indicator. Can you list them for me.

Thanks again

Ed
"Do or do not, there is no try"
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