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  • #321
  • Jul 3, 2008 8:14pm Jul 3, 2008 8:14pm
Help me out guys, so am I right to say that signals for today 4 July 2008, Friday are

GBPUSD short
EURAUD short

thks
  • #322
  • Jul 3, 2008 8:47pm Jul 3, 2008 8:47pm
Quoting ronaldosim
Help me out guys, so am I right to say that signals for today 4 July 2008, Friday are

GBPUSD short
EURAUD short

thks
Think only EUR/AUD short is a valid signal....at least that's the only only pair I traded tonite. The AO bar on the GBP/USD was red previously and stayed that way today, so wasn't a change....but the stoch bar changed from green to red. At least that's the way I understand this system....someone please correct me if I'm wrong. And btw....I'm down 30 pips on that E/A pair right now!

Hope all you good folks have a great 4th of July!
  • #323
  • Jul 3, 2008 8:57pm Jul 3, 2008 8:57pm
So isnt the GBPUSD a valid signal as AO is red (yes, it wasn't a change) and the Stoch has just turned from green to red, and price is below SMA200; According to Bull101 post #12, he does not wait for the candle to close ie today's candle and he analysed the trade for about 10 mins ( between 00:00 to 00:10 GMT)
  • #324
  • Jul 3, 2008 9:06pm Jul 3, 2008 9:06pm
Quoting ronaldosim
So isnt the GBPUSD a valid signal as AO is red (yes, it wasn't a change) and the Stoch has just turned from green to red, and price is below SMA200; According to Bull101 post #12, he does not wait for the candle to close ie today's candle and he analysed the trade for about 10 mins ( between 00:00 to 00:10 GMT)
Please have a look at posts Nš 13 and Nš 15 which address this precise issue.
  • #325
  • Jul 3, 2008 10:16pm Jul 3, 2008 10:16pm
Post 13 and 15 clarified that GBPUSD is not a valid signal today because AO has changed to red long ago and is considered a late entry.



Quote:
Originally Posted by zamiriqbal http://www.forexfactory.com/images/buttons/viewpost.gif
WEDNESDAY: STOCHASTIC BAR CLOSES AT RED , aWSOME OSCIALLTOR BAR CLOSES ON GREEN.

QUEST 1: ON THURSDAY IF BOTH BAR OPEN AT GREEN, I SHOULD GO LONG. RIGHT??

Yes you would go long in this situation.

-Unquote-
------------------------------
ok, I was confused by post 72; so it seems that AO must reflect a change while Stochastics need not reflect a change ie

Case A:
Thurs Fri
AO red red
Stoch green red
Not a valid signal for SHORT

Case B:
Thurs Fri
AO red green
Stoch green green
This is a valid signal for LONG
  • #326
  • Jul 4, 2008 12:45am Jul 4, 2008 12:45am
Bull i got clear signal on E$, and on 4hour chart it seems it will bounce for a while then it'll goin down....

correct me if i'm wrong
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  • #327
  • Jul 4, 2008 2:22am Jul 4, 2008 2:22am
i know price still above 200 SMA,but it seems like E$ had strong down signal,since it break the TL....
  • #328
  • Jul 4, 2008 4:32am Jul 4, 2008 4:32am
hi all

am reading the trade and setup with interest, have a small question if someone can help pls:

- once you trigger the sell/buy from the setup of the daily, would you use a smaller TF to monitor the trade just in case their would be any sign of reversal?

or its a set and forget system and just let it try hot you TP?

thanks
  • #329
  • Jul 4, 2008 5:45am Jul 4, 2008 5:45am
Hello everyone,
Due to a family emergency I was unable to check in on the forums. Please note I took the following trades for 7/4/08:

GBP/USD Short at 1.9835
EUR/AUD Short at 1.6337

Also, all other open positions have now been closed due to reversal of the Awesome Oscillator on those trades.

I need to get some sleep for now, I'll be going through all your questions as soon as I wake up

Thanks everyone,
Bull101
  • #330
  • Jul 4, 2008 9:56am Jul 4, 2008 9:56am
Ok, Bull finally posted his signals today and GBPUSD short is a valid signal contrary. So as of today, forgetting all previous posts it seems that as long as AO, Stoch are aligned in the same colour, doesnt matter which turn colour first or whether it had stayed in the same color previously, and of course with the sma200, the signal is valid
  • #331
  • Jul 4, 2008 12:38pm Jul 4, 2008 12:38pm
Hi

I am a forex trader but due to family pressures I cannot trade during the day at all now.

I was looking at this eod system to fill a gap..it seems logical but looking at some of the chart I'm slightly confused about the entries.I will be entering the trades approx 9pm in the evening UK time.

I have the 3 inds in histogramme on my chart and if Im doing this right a sell signal is when all 3 confire red...soooooooo

The top 2 can be red already then the bottom histograme goes from green to red and thats our signal..is that correct.I know you guys use a 200 day moving average also I know how u use this but here is my chart each vertical red line is a short signal when all 3 concure red ..Is this correct

cheers

paulus
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  • #332
  • Jul 4, 2008 12:43pm Jul 4, 2008 12:43pm
Quoting ronaldosim
Ok, Bull finally posted his signals today and GBPUSD short is a valid signal contrary. So as of today, forgetting all previous posts it seems that as long as AO, Stoch are aligned in the same colour, doesnt matter which turn colour first or whether it had stayed in the same color previously, and of course with the sma200, the signal is valid
Ronaldosim....seems you may be correct.....now I'm more confused than ever!

In Post #1 on this thread Bull states:
Long Entry Criteria:
1. Price is above the 200sma.
2. The Awesome Oscillator has changed to green.
3. The Stochastic Histogram has changed to green.

Short Entry Criteria:
1. Price is Below the 200sma.
2. The Awesome Oscillator has changed to red.
3. The Stochastic Histogram has changed to red.

The key word in the above entry rules quote is "changed!" According to Bull's last post, the GBP/USD is a valid signal, although the AO was already red....it did not "change."

Bull....can/will you clear up this confusion and give us a final set of rules for a valid entry signal? Sure would be helpful!
  • #333
  • Jul 4, 2008 3:15pm Jul 4, 2008 3:15pm
Quoting GRPip
Ronaldosim....seems you may be correct.....now I'm more confused than ever!

In Post #1 on this thread Bull states:
Long Entry Criteria:
1. Price is above the 200sma.
2. The Awesome Oscillator has changed to green.
3. The Stochastic Histogram has changed to green.

Short Entry Criteria:
1. Price is Below the 200sma.
2. The Awesome Oscillator has changed to red.
3. The Stochastic Histogram has changed to red.

The key word in the above entry rules quote is "changed!" According to Bull's last post, the GBP/USD is a valid signal, although the AO was already red....it did not "change."

Bull....can/will you clear up this confusion and give us a final set of rules for a valid entry signal? Sure would be helpful!
I think Bull has already answered that question. The bars do not need to change simultaneously. Note these previous posts:

Quoting zamiriqbal
Just one question: The below is just an example...

WEDNESDAY: STOCHASTIC BAR CLOSES AT RED , AWESOME OSCILLATOR BAR CLOSES ON GREEN.

ON THURSDAY IF BOTH BARS OPEN AT GREEN, I SHOULD GO LONG. RIGHT??

THANKS FOR CLARIFICATION...
Quoting Bull101
Yes you would go long in this situation.
Bull101
Greetings from Guanajuato, Mexico
  • #334
  • Jul 4, 2008 4:48pm Jul 4, 2008 4:48pm
Figured I'd find you lurking around here Yen
  • #335
  • Jul 4, 2008 5:18pm Jul 4, 2008 5:18pm
Quoting Beaker1970
Bull101

First I want to thank you for sharing your system !

Do the Awesome and Stoch have to change colour on the exact same candle ? or is it ok when one is already red, and the 2nd indicator becomes red ? I have looked back and never see them change exactly on the same bar.

Where in MT4 can I check which time my broker uses ? Or can i tell MT4 what time to use ?

I have also another chartingprogram which does not have the stochhistogram. As an alternative you mentioned that your histogram is the same as the main line crossing the 50-line. Which one do you consider the main line, %K or the %D ?

Also I have installed the indicators and the template on a demo account from MIG. I dont see the USDCAD signal from july 1. Can you take a look at my chart to see what is wrong ?

link to http://www.plaatjesupload.nl/bekijken/775617.htmlchart: http://www.plaatjesupload.nl/bekijken/775617.html

as you can see there were already 2 green candles before your signal.

tnx !
Hello,

The %K line is the Stochastic Main Line.

Thanks,
Bull101
  • #336
  • Jul 4, 2008 5:19pm Jul 4, 2008 5:19pm
Quoting lawrence
what do you mean by a complete short entry signal? can you be specific?
Hello Lawrence,

There must be a complete reversal signal before re entering into a specific pair.

For example,

If we have just taken a Short Trade on GBP/USD. Stochastic Histogram must turn Green, and well as the AO turn green before we would re enter into a short trade.

Bull101
  • #337
  • Jul 4, 2008 5:20pm Jul 4, 2008 5:20pm
Quoting ronaldosim
Ok, Bull finally posted his signals today and GBPUSD short is a valid signal contrary. So as of today, forgetting all previous posts it seems that as long as AO, Stoch are aligned in the same colour, doesnt matter which turn colour first or whether it had stayed in the same color previously, and of course with the sma200, the signal is valid
Hello,

This is correct, it does not matter which indicator turns first, just as long as they have aligned.

Thanks,
Bull101
  • #338
  • Jul 4, 2008 5:22pm Jul 4, 2008 5:22pm
Hello Everyone,

I'm pretty sure I went through and answered the questions I have missed the last couple of days. If I have missed any, please don't hesitate to ask again, i'm always ready for more questions

Open Trades:
GBP/USD - Short, Currently at +21
EUR/USD - Short, Currently at +31, Break even has been set for both lots.

Thanks Everyone,
Bull101
  • #339
  • Jul 4, 2008 8:03pm Jul 4, 2008 8:03pm
yen44x....appreciate your help....and Bull, thanks for a good system....maybe I've got it straightened out now and will be ready for next week!
  • #340
  • Edited 10:52pm Jul 4, 2008 9:29pm | Edited 10:52pm
Quoting Ronald Raygun
Figured I'd find you lurking around here Yen
Darn . . . caught me red-handed.

I figure if it's got the RR "Seal of Approval" there must be something worth looking at.
Greetings from Guanajuato, Mexico
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