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Simplicity is the ultimate form of sophistication ( Elite )

  • #581
  • Apr 10, 2008 10:23pm Apr 10, 2008 10:23pm
That website like was the key that i didnt have!

Thank you!
  • #582
  • Apr 11, 2008 2:57am Apr 11, 2008 2:57am
WaterFlame,

Great system! Will start to trade right away! Thanks for your time in answering all of our questions.
PIP'N
  • #583
  • Apr 11, 2008 6:45am Apr 11, 2008 6:45am
you are welcome
  • #584
  • Apr 11, 2008 7:54am Apr 11, 2008 7:54am
Enox
Attached File(s)
File Type: ex4 Clock_v1_2.ex4   14 KB | 389 downloads
  • #585
  • Apr 11, 2008 8:06am Apr 11, 2008 8:06am
Simplicity ? WHERE ?

LOL
PIPology - The Science of Mastering the PIP
  • #586
  • Apr 11, 2008 9:19pm Apr 11, 2008 9:19pm
Quoting PIPology
Simplicity ? WHERE ?

LOL

it will not bite you PIPology




probieren geht ueber studieren
  • #587
  • Apr 11, 2008 9:27pm Apr 11, 2008 9:27pm
Quoting Waterflame
it will not bite you PIPology




probieren geht ueber studieren
Hi,
Thanks for your system. By manually backtesting it does not perform good during ranging periods, how do you avoid it?
  • #588
  • Apr 11, 2008 9:41pm Apr 11, 2008 9:41pm
Quoting eagle_eye
Hi,
Thanks for your system. By manually backtesting it does not perform good during ranging periods, how do you avoid it?

the stop loss method i described by loosing just a few ( nearby jsut 10 pips, if you realy follow the rules ) and the market mood identification
  • #589
  • Apr 11, 2008 9:48pm Apr 11, 2008 9:48pm
You have got a good system here. Have you every considered Stochastics 5,3,3 for exits?

Also, how long have you been trading this system for?

Are you live on it or just demo?
Trading Just Got Easier...
  • #590
  • Apr 11, 2008 9:50pm Apr 11, 2008 9:50pm
Quoting Waterflame
the stop loss method i described by loosing just a few ( nearby jsut 10 pips, if you realy follow the rules ) and the market mood identification
its easy to know if the market is ranging or not, but how can you tell if ranging is ending and trending will start? in which post do you talk about this? thanks.
  • #591
  • Apr 11, 2008 11:09pm Apr 11, 2008 11:09pm
Quoting eagle_eye
its easy to know if the market is ranging or not, but how can you tell if ranging is ending and trending will start? in which post do you talk about this? thanks.
there are many pieces in the puzzle to combine the picture, trading session is one of them
  • #592
  • Apr 12, 2008 6:13am Apr 12, 2008 6:13am
I have noticed that when trading this system that I have lost out mainly around resistance points, you have a cross of the 34 and the 3 and the cci is pointing in the right direction its all looking good you enter the trade only to find the price retrace soon after after you have entered the trade, you pull out at a loss.

Often that the price will retrace back in your favour, has anyone any views on how to trade this situation? What would be the best method of getting a feel of which way the price is likely to go?
I have tried hundreds of indicators every thing seems to lag the market
Is there not a crystal ball method? LOL
  • #593
  • Edited 12:49pm Apr 12, 2008 12:35pm | Edited 12:49pm
Quoting logic38
I have noticed that when trading this system that I have lost out mainly around resistance points, you have a cross of the 34 and the 3 and the cci is pointing in the right direction its all looking good you enter the trade only to find the price retrace soon after after you have entered the trade, you pull out at a loss.

Often that the price will retrace back in your favour, has anyone any views on how to trade this situation? What would be the best method of getting a feel of which way the price is likely to go?
I have tried hundreds of indicators every thing seems to lag the market
Is there not a crystal ball method? LOL
yes , sometimes it can happen that price reverse against you, and clearify a false signal, but before that, mostly gives the position you are in, at least 10, pips, so you have to choose between, scalping 10 pips, or setting stop loss to 1+.

As i told in the thread above, it depends almost on the sessions to avoid this kind of markets, personally i will not trade the evening of us session, i explained already that the asian to european close sessions ca give good moves.
  • #594
  • Apr 12, 2008 12:50pm Apr 12, 2008 12:50pm
can I replace stoploss with hedge for your system?
a filter to your system?
  • #595
  • Apr 12, 2008 12:53pm Apr 12, 2008 12:53pm
Quoting B@by trader
can I replace stoploss with hedge for your system?
a filter to your system?


B@by trader, im not a hedge trader, neither a carry trader, i trade what i have explained, if you wish to experiment with it, and if it goes well for you, im not against it.
  • #596
  • Apr 13, 2008 3:08am Apr 13, 2008 3:08am
I have been trading the London open session.

Thanks for the advice Waterflame!!
  • #597
  • Apr 13, 2008 4:36am Apr 13, 2008 4:36am
1)i know its 15tf system........but the best tf will be?
2)if now im on open position based on 15tf...suddenly it show me to exit base on 15tf......but on 4hr or other tf shows me its point of entry...is it safe for me not to exit the trade and wait the exit signal from other tf?
3)thanks very simple system
  • #598
  • Apr 13, 2008 6:26pm Apr 13, 2008 6:26pm
Hi All,

I was at the trading room last thursday and would like to may a suggestion to consider upgrading to a more trader friendly chatroom at http://www.tradingrooms.com/

This is only a suggestion and please dont take this the wrong way.

I would like to apply this method during the asian markets (6-midnight eastern) time with others.

Any thoughts or comments? Or any interest during the asian markets to trade together as a team or confirm our trades with each other?
  • #599
  • Apr 13, 2008 6:52pm Apr 13, 2008 6:52pm
possilbe Signal to short on GBPJPY and CADJPY at 8pm eatern time
  • #600
  • Apr 13, 2008 7:01pm Apr 13, 2008 7:01pm
GBPJPY and CADJPY MAs didnt cross at close of 8pm eastern candle. maybe later
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