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Trend Finder Daily

  • #121
  • Edited 7:26pm Jun 17, 2008 7:03pm | Edited 7:26pm
Today's Trades

4 Entry Signals Today

AUD/USD - Buy at .9444
USD/CAD - Sell at 1.0177
EUR/USD - Buy at 1.5520
EUR/GBP - Buy at .7930
  • #122
  • Jun 17, 2008 7:07pm Jun 17, 2008 7:07pm
Updates from 6/17/2008:

GBP/USD - Break Even, 0 pips.
NZD/USD - Still Open, currently at +29
NZD/CHF - Still Open, currently at -4

Stats are being updated daily, using the links found at the top of the first post of this thread.
  • #123
  • Jun 17, 2008 7:26pm Jun 17, 2008 7:26pm
If you use an MA set at 1MA LWMA Median and a 1MA SHIFT 1 LWMA Median you create a shadow of price movement and enter at the cross. Gives you a very definite entry point with this system without getting in too late. The entry and exits are much better defined.
  • #124
  • Jun 17, 2008 7:42pm Jun 17, 2008 7:42pm
how about GU (D1)today at 0 gmt?.both green,stoi and Ao.

long?
  • #125
  • Jun 17, 2008 7:42pm Jun 17, 2008 7:42pm
Quoting nanningbob
If you use an MA set at 1MA LWMA Median and a 1MA SHIFT 1 LWMA Median you create a shadow of price movement and enter at the cross. Gives you a very definite entry point with this system without getting in too late. The entry and exits are much better defined.
Bob, you da man......
  • #126
  • Jun 17, 2008 7:50pm Jun 17, 2008 7:50pm
Quoting nanningbob
If you use an MA set at 1MA LWMA Median and a 1MA SHIFT 1 LWMA Median you create a shadow of price movement and enter at the cross. Gives you a very definite entry point with this system without getting in too late. The entry and exits are much better defined.
I'll have to take a look at that, thanks for the input!

Bull101
  • #127
  • Jun 17, 2008 7:51pm Jun 17, 2008 7:51pm
Quoting gren
how about GU (D1)today at 0 gmt?.both green,stoi and Ao.

long?
GBP/USD was a signal yesterday. We had our break even stop loss hit. I would consider entering now to be a late entry to yesterdays trade, and would not take this trade.

Thanks!
Bull101
  • #128
  • Jun 17, 2008 8:18pm Jun 17, 2008 8:18pm
Hey Bull,

Good solid system!
  • #129
  • Jun 17, 2008 8:38pm Jun 17, 2008 8:38pm
Quoting Bull101
Updates from 6/17/2008:

GBP/USD - Break Even, 0 pips.
NZD/USD - Still Open, currently at +29
NZD/CHF - Still Open, currently at -4

Stats are being updated daily, using the links found at the top of the first post of this thread.

sweeet... awesome bro
Lazy Forex
  • #130
  • Edited 10:33pm Jun 17, 2008 10:23pm | Edited 10:33pm
Ok I thought I would add a piece to your system. When the 1MA, step 1, LWMA, Median (the blue line) is crossed by price plus the spread of the currency it will send a warning sound plus post on your screen a message and put an arrow on your chart. This is just a warning device to let you know a possible trade is coming up. You can then look at your other indicators to check to see if you want to make a trade. Since this is basically a Price plus pip spread crossing a 1 MA shifted 1, you will occasionally get some false signals but it will catch the change of directions for you. I posted a pic and the indicator. I have not tried trading with this yet but I will try it out today. The indicator will ding when you change currencies at times. That does not mean there is a fresh signal but it will give you the last signal of that currency pair. Part of the warning device. Good luck with it and I hope it helps.

The white dotted line separates the months so for the month of May it gave you 5 buy signals and 3 sell signals. For June you have 2 of each. This is the Eur/USD Daily chart.

The yellow line on the screen is the 1MA Median with no shift. I call this shadow trading where when price crosses its own shadow it signifies a possible change of direction.
Attached Image (click to enlarge)
Click to Enlarge Name: daily bull.gif Size: 21 KB
Attached File(s)
File Type: mq4 DAILY BULL SOUND ALERT.mq4   4 KB | 679 downloads
  • #131
  • Jun 18, 2008 3:45am Jun 18, 2008 3:45am
Bull101, in the entry & money management section of the system, you say to put a stop loss of 100 pips, but then, when the trades reach +50 pips you say to move stop loss to break even, which would mean a stop loss of 50 pips, not 100. why ?
Twitter: @forexpokerpro
  • #132
  • Jun 18, 2008 4:05am Jun 18, 2008 4:05am
Quoting BBPI_fxtrader
Bull101, in the entry & money management section of the system, you say to put a stop loss of 100 pips, but then, when the trades reach +50 pips you say to move stop loss to break even, which would mean a stop loss of 50 pips, not 100. why ?
That's a standard practice in trading. If the trade moves in your favor by 50 pips, it's a safe bet it will continue in your direction. With the odds in your favor, it makes sense to protect the remainder of your account by moving the SL to break even.
Is your SL my TP?
  • #133
  • Jun 18, 2008 4:40am Jun 18, 2008 4:40am
Quoting kenmania
That's a standard practice in trading. If the trade moves in your favor by 50 pips, it's a safe bet it will continue in your direction. With the odds in your favor, it makes sense to protect the remainder of your account by moving the SL to break even.
i agree, but considering that the timeframe is daily, wouldn't 100 pips s/l be more ok ? because i have found many instances where price moved 50 pips in your favor, then retraced 70 pips for example, but in the end continued in your direction
Twitter: @forexpokerpro
  • #134
  • Jun 18, 2008 4:48am Jun 18, 2008 4:48am
Quoting BBPI_fxtrader
i agree, but considering that the timeframe is daily, wouldn't 100 pips s/l be more ok ? because i have found many instances where price moved 50 pips in your favor, then retraced 70 pips for example, but in the end continued in your direction
You're right. Probably the best answer is 50 pips is generous on the daily for some pairs, and way too small for others. Same might be said for 100 pip targets and stoplosses.
Is your SL my TP?
  • #135
  • Jun 18, 2008 5:46am Jun 18, 2008 5:46am
Quoting Bull101
That is true, a friend of mine had mentioned that to me. After reading over his system it appears that the main, if only real difference, is that I use the Awesome Oscillator as opposed to the Accelerator Oscillator.
AO is usually slower compared to AC, however I find that it is MUCH more reliable than AC.

My system also uses the stoch histogram, but that is the exact same as the standard stochastic indicator, it just displays it differently.

Bull101

I agree, AO is definitely more reliable than AC. I personally use both in my trading for confirmation.
  • #136
  • Jun 18, 2008 8:02am Jun 18, 2008 8:02am
Quoting Dl1982
That would be a good thing if they did that. I would then not have to worry about opening another live account. Hopefully they will do that by the time I go live. Thanks for all the answers Bull101. It's good to know that any amount of money is good enough to start with this system. A micro lot is best for people with small capital because 3% on a $500 mini account is 15 pips and that's not even enough to cover the 100 pip stop loss. To all the people posting on this thread, lets make this the best thread and system out there. Bull101 was generous enough to share his system with us and he is working with us all. Let's not see those efforts of his not get noticed! 1 hour before we see if we have any new signals for today!!!

If the capital you have doesn't suit this system, I suggest you put this system on the backburner, and take up scalping, or news straddling, because inadequate capital is a good cause of many failures.
  • #137
  • Jun 18, 2008 8:16am Jun 18, 2008 8:16am
Quoting Ronald Raygun
If the capital you have doesn't suit this system, I suggest you put this system on the backburner, and take up scalping, or news straddling, because inadequate capital is a good cause of many failures.
Ron, I think any type of trading method is unsuitable if one doesn't have a sufficient amount of capital.
  • #138
  • Jun 18, 2008 8:26am Jun 18, 2008 8:26am
Quoting forexmoments
Ron, I think any type of trading method is unsuitable if one doesn't have a sufficient amount of capital.
That begs the question then: What kind of trading system requires little capital?

Scalping comes to mind =D
  • #139
  • Jun 18, 2008 8:28am Jun 18, 2008 8:28am
Ron and Ash,

500 in a mini account is not nearly enough you are both correct. (I have personally proved that to myself many times LOL) 5k would be as low as I would consider starting a mini with now.

500 in a micro would be sufficient as each pip on your trade is only 10 cents, you 100 pip sl gets hit for 10 dollars=2% of your account=pretty much right where you want to be with your MM.

By the way I've enjoyed both of you posts immensly around this forum...Ash I've been to your site very nice, Ron your brilliant I wish I started at 17 !
  • #140
  • Jun 18, 2008 8:29am Jun 18, 2008 8:29am
Quoting BBPI_fxtrader
i agree, but considering that the timeframe is daily, wouldn't 100 pips s/l be more ok ? because i have found many instances where price moved 50 pips in your favor, then retraced 70 pips for example, but in the end continued in your direction
Hey guys just a silly question. Is a 4h TF not reasonable?
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