Neurus PSAR 1 hour system

this is my current trade. I wait for 10 pips

trades of the day:
Today was a BE day.
I take 7 trades. 2 lost (40 pips) and 4 wins (40) and 1 tade still active.
Perhaps I have to trade the SL with 15 pips.

Hi Neurus,

Interesting system. Other than USDJPY, do you trade/tried on other pairs?

Took this short. TP and SL is 25 pips. We shall see....

Hi. I only trade USD JPY.

this is the last trade i was open yesterday.
So the total result of yesterday was 10 pips won.
Remember for today that we change the stop loss from 20 pips to 15 pips.

My trades for the moment.

Hi Rialto
What time frame do you put your fibs on
and with the spud system do wait for a tight rope
before entering.
thanks

take this short

I complete the trade with 10 pips wins.

Blackdog,

Taking Neurus's excellent, super-simple method, and combining with what I mentioned, is quite successful. Who would have thought that Neurus's understanding of Psar would be so easy to comprehend? I've never seen it employed in this manner - nice.

Actually, I have my fibs on different timeframes (thanks Boboskus), but the one I use most is the 1hr. I use the 4hr "threads" as my trend setter. Oftentimes, if the 1hr thread stochastic is turning down, that's good enough for me. With a tight stop you'll almost always earn, but the 1hr threads running with the 4hr is almost always a winner. As long as the blue lower time frame stochs stay inside the 14stoch and the higher time frame stochs, and are nicely "combed" as Spud's puts it, you'll usually be successful. Below is what to look for according to Spud:


1. Elasticity - this occurs prior to a price move where the 5,3,3 stretches away from the other 2 stochs and then snaps back. Elasticity periods seem to be points of lesser pip moves.

2. Tightness - this is where all stochs are moving closely together (which would mean they are in agreement. Tightness usually follows an elasticity or convergence period and pretty much occurs as price moves. Tightness periods seem to be points of strong pip moves.

3. Convergence - this follows an elasticity period and the area of convergence usually signals the price reversal and entry point. Periods after convergence seem to equal price reversals and strong pip moves.

This seems to play out as a very consistent pattern. Obiously it is easier to see the "big" elasticity periods and tight convergences.

Taking this information from the 1H and moving to lower time frames...like 5M will focus your entry point better and allow you to see convergences much better.

So to sum up:

Elasticity comes BEFORE a convergence.
Convergence of the stochs is the entry point.

Tightness is a good time to be in the trade.

Use multiple time frames to focus convergence periods and see the elastic cycles more clearly. When you see it all together it is quite clear.

Convergence is more an "area" then a single point. Nice when stochs all sit on top of each pother, but more often than not they will converge very closely to each other. The convergence area pip moves seem small in most cases from close to close so being too early or a little late shouldn't have huge effects on your pips or draw downs from what I can see so far.

You know, I just realized that I posted something not entirely pertinent to Neurus's thread. My apologies to you, Neurus.

Nice call Jeffalan.

Neurus,

I am a bit confused. I have several trades that match yours, and unfortunately several of your trades I do not see your entry based on "the last dot". I understand the part about the missing dot on Oanda, but I am still having a problem "seeing" some of your trade entiries.

At first, I thought your reference to "the last dot" was for the ending dot on the previous series string of dots. When the series of dots swings from above/below the price bar, we are looking for the change in momentum to surge past the last dot in the previous series string of dots, thus triggering a trade.

Again, I am not certain just what the definition is of "the last dot".

Also, do we always wait for the candle to close before making an entry, or only when a dot is missing, and we have to fill in that dot as you do with your manual "blue dot"?

Would someone please help me to understand?

Many thanks,
Bob

BTW, my muddled understanding of the "last dot" rule has still resulted in profit!

Thanks, Neurus, for asystem that works, even if I don't fully understand it! LOL

Could you explain your entry again please, I don't understand the past 0 bit.

Sounds good and sars are cool in a trending market, and very dangerous in a rangebound one!

thx

My apologize for my Tarzan English. I`m Sorry, I`m form Argentina.
I only use Oanda platform. I supose when there is not psar dot in the chart, the dot is in the other side. If the last dot is up, the empty (imbisible) dot is down. When you see that; then wait for the end of the bar (last bar) and then entry short in the low of the bar.
If you have a trending day- like today; You only trade with the trend, not against, because perhaps you couldn´t get the 10 pips.
Thanks for the question

Thats right.
For this problem I only trade when there is volatility.
This is the secret of the system: The volatility.
If you trade in LOndon session the volatility is high.
In a trending market this system doesn`t work, so you have to choose the moment and the trend.

So we go short/long @ the open of the candle ?

Thanks for the explanation, Neurus...I think I've got it, now! Maybe....

Hmmm? Does the price bar have to move past the "trigger" dot to be a valid signal? Or, do we simply always make an entry at the end of the candle that lines up with your "blue" dot, no matter where it closes?

Thanks, again!

pls can you take a look at my pic, is that noise signal ? also at times with PSAR i get a bit confused as by the time dots appear, the market would have already moved a good few pips isnt it? or I might be missing something

thx