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The simple stupid system

  • #41
  • Jul 7, 2008 5:48am Jul 7, 2008 5:48am
Quoting tickticker
Hi Guys,
here i uploaded one Chart from Wahnone and one of mine, Please can somebody tell me, This yellow number 0.50 in Wahnoneīs 15 min Chart, shows in my 1 and 4 hour Chart 0.52, on smaller TFīs i cannot see it.
Do i have to change that? I think so. How can i change that? Why canīt i see it on my 30 or 15 min TF? And what purpose does it have? Thanks Guys for answering.

greetings tick


Morning to all. This monday morning as been a very good one for the gbpusd as you can all see.
The yellow number is the ej_candle time indicator which shows how much time is left for a candle to close in minutes. I have attached it below.
Attached File(s)
File Type: ex4 EJ_CandleTime.ex4   2 KB | 856 downloads
  • #42
  • Jul 7, 2008 5:51am Jul 7, 2008 5:51am
Quoting Flamenco143
Wahnone:
I noticed on your charts you're showing regular candles now. Are you not using the Heiken Ashi candles anymore?
I am a very emotional per son and that was why i decided to put in the heikin ashi so that it will wipe out the original candles ups and downs and therefore give me a smothened look at the price. The heikin ashi is not so paramount in this system.
  • #43
  • Jul 7, 2008 7:58am Jul 7, 2008 7:58am
If the wicks get you rattled when you trade you MIGHT want to try the Heiken Ashi Smooth. They're not as 'jumpy'.


Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 139 KB


Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 877 downloads
  • #44
  • Jul 7, 2008 8:18am Jul 7, 2008 8:18am
Quoting Flamenco143
If the wicks get you rattled when you trade you MIGHT want to try the Heiken Ashi Smooth. They're not as 'jumpy'.


Attachment

Attachment


Thanks. How as your trading been today?
  • #45
  • Jul 7, 2008 8:45am Jul 7, 2008 8:45am
i thought it could have something to do with the 50 Momentumlevel, but was almost sure that itīs not, but you know.... there is much to learn and till now i made enough mistakes so i try to avoid as much as possible, still will be enough and so i ask sometimes maybe one unnecesarry question.

greetings, tick

btw. how you guys are doint that, when you reply a post, that you insert the original message? sorry
Better being out wishing to be in, than being in wishing to be out....
  • #46
  • Jul 7, 2008 9:00am Jul 7, 2008 9:00am
Quoting tickticker
PistolDave http://www.forexfactory.com/images/s...ser_online.gif
Forex Trader
Member Since Jan 2007
Posts: 21


http://www.forexfactory.com/images/icons/icon1.gif PSAR
Quote:
Originally Posted by tickticker http://www.forexfactory.com/images/buttons/viewpost.gif
Hello Wanhone,

Could you post this parabolic sar? have no idea how this works but would like to try it.

greetings, tickticker

Originally Posted by Kire http://www.forexfactory.com/images/buttons/viewpost.gif
Do you use SL? Or any idea to have SL on this system?


I occasionally use parabolic sar as a trailing stop to prevent spikes going against me.

The parabolic sar is a standard indicator that comes with the MT4 platform in the indicators folder. It moves closer to price on the chart as time goes by and eventually converges with it. It then moves to the other side of price at some point indicating that the price momentum has stopped or is swinging back the opposite direction:

The red dots are the psar.

Thanks Dave, i think iīve got the picture, the sar runs so to say only on the chart, it is not a system as i thought, maybe like a kind of a flexible stoploss. i already checked it on the charts but didnt know what to think about before i got your explanation. Correct me please if ia m wrong, that means when the sar converges or crosses the price, price reached itīs momentally high and itīs to think about to lock in some profit or close the position complete?

thanks, tick
Hi Tick,

You're right. Here's a more detailed explanation of the psar and how it works:

The Parabolic SAR (Stop and Reverse) is a system of defining the point of trend's turns; The Parabolic SAR (PSAR) indicator is based on the link between a Forex market's price and time. The basic goals of the Parabolic System is to make reverse orientation of trading positions when the ongoing trend turns. The indicator is called like that due to the fact that when charted, the pattern resembles a parabola or French curve.
The Parabolic SAR system should be used only when the market has the defined trend. When the trend is absent this system generates a lot of incorrect signals. Parabolic SAR is base on the following rule: to shift the levels of closing prices only in direction of opened position. If there is a long position opened before, it is possible to increase the level of closing prices, but not to decrease it. If the short position is opened, it is possible to decrease the level of closing prices.

In other words, it is an indicator that trails the price as it moves in the direction it started after price crosses the psar. It starts out at a certain distance away from price and moves gradually closer to the price over time, but never farther away from it so eventually it will converge with price. At that point you will see the first psar dot form on the other side of the first closed bar after convergence and it will start the same process on the other side of price.

Notice from the attached pic that the psar is very helpful in the case where price is making a strong move in one direction (triangle) but will just give a lot of false signals in a flat or choppy market (oval).

I hope this helps you profit from your trading,
PistolDave
Attached Image (click to enlarge)
Click to Enlarge Name: psar2.gif Size: 52 KB
  • #47
  • Jul 7, 2008 9:03am Jul 7, 2008 9:03am
Quoting tickticker
i thought it could have something to do with the 50 Momentumlevel, but was almost sure that itīs not, but you know.... there is much to learn and till now i made enough mistakes so i try to avoid as much as possible, still will be enough and so i ask sometimes maybe one unnecesarry question.

greetings, tick

btw. how you guys are doint that, when you reply a post, that you insert the original message? sorry
To quote another persons message, just press 'Quote' on the bottom left of the message box and enter your reply below the quoted message.
  • #48
  • Edited 11:29am Jul 7, 2008 9:29am | Edited 11:29am
Quoting Wahnone
Thanks. How as your trading been today?
Got in about 10:00pm est last night. Rode the G/U for a little over 100 pips.
At my 3 lots that's a dang nice profit for today. I usually exit with 30 pips profit but it just kept dropping on me so I stayed in. Normally I would not have entered a trade on Asian market, but Sunday eve -Monday early it can move like a son-of-a gun, particularly after a holiday! The MA's had nice seperation and angle and stayed away from the Gann HiLo Activator. No reason to panic and and pull out. Classic example of riding a winner!

Saw it coming so decided to TRADE THE PLAN!
  • #49
  • Jul 7, 2008 9:37am Jul 7, 2008 9:37am
[quote=there is much to learn and till now i made enough mistakes so i try to avoid as much as possible, still will be enough and so i ask sometimes maybe one unnecesarry question.

There is NO such thing as a stupid question - just stupid answers!
A very good place for you to go and learn so much about the forex is
Babypips.com. You'll find so much help there from entry level up to advanced.
  • #50
  • Jul 7, 2008 10:11am Jul 7, 2008 10:11am
Quoting Wahnone
To quote another persons message, just press 'Quote' on the bottom left of the message box and enter your reply below the quoted message.
OK, Thanks Wahnone, now i am feeling better, i knew it would be easy but that comes from when not native speaker, sometimes you cannot see the wood because of all the trees, just brainblocked.

Thanks again,

tick
Better being out wishing to be in, than being in wishing to be out....
  • #51
  • Jul 7, 2008 10:18am Jul 7, 2008 10:18am
New signal
Is it correct?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
Persian Gulf forever
  • #52
  • Jul 7, 2008 10:30am Jul 7, 2008 10:30am
[quote=Flamenco143;2094984][quote=there is much to learn and till now i made enough mistakes so i try to avoid as much as possible, still will be enough and so i ask sometimes maybe one unnecesarry question.

There is NO such thing as a stupid question - just stupid answers!
A very good place for you to go and learn so much about the forex is
Babypips.com. You'll find so much help there from entry level up to advanced.[/QUOTE]

Yes Babypips, i almost forgot i was once on that page, started trading one year ago and already was here on FF also one year ago but never did more than looking on the News Calendar, my biggest mistake in trading i guess, but i was too busy with loosing money and then i came in this screw downward, didnīt had time to educate myself any better because i thought i have to trade for: a. get my money back, b. make the Profit for my Yaht, and the end of the story - i think i dont have to tell you. Now i am sitting on my PC without a quick heartbeat and try to do this what i learn from all those guys out there who really are happy when they can help and use a huge part of my time to educate myself, because one thing i heard or read now over and over and this is: dont take any trade, wait till the trade what fitīs you, comes to you, and so i am getting slowly ground under my feet and the best thing is, i know why, because i am not running around like a cowboy and shoot on everthing that moves, i wait, and while i wait i am reading and try to absorb as much positive as possible. Profits are small but i am feeling good and to be honest it is because of guys like you here, defenitly i must say i was this whole last year in wrong company and i knew it but could not find a way out, was too busy with loosing money. I donīt wanna write a book here but thank you guys, you give me a good feeling.

tick
Better being out wishing to be in, than being in wishing to be out....
  • #53
  • Jul 7, 2008 11:24am Jul 7, 2008 11:24am
Quoting parsfx
New signal
Is it correct?


That was a valid trade. I also took it. Let's hope it lives out.
  • #54
  • Jul 7, 2008 12:52pm Jul 7, 2008 12:52pm
Bagged-in about +150 pips on the first trade and about +100 on the second trade. I exited the second trade because i kwon the market will soon go asleep and also because my trading session for the day is about to end. Hope you guys also had a good pippin' day.
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 54 KB
  • #55
  • Jul 7, 2008 1:00pm Jul 7, 2008 1:00pm
Nicely done. Which indicator is that for your pivot, support & resistance your using on your chart?
  • #56
  • Jul 7, 2008 1:03pm Jul 7, 2008 1:03pm
Quoting seamonkey
Nicely done. Which indicator is that for your pivot, support & resistance your using on your chart?

The indicator is the fibonacci pivot indicator. It is attached below. Anyone else did those moves?
Attached File(s)
File Type: ex4 Fibonacci Pivots.ex4   5 KB | 1,027 downloads
  • #57
  • Jul 7, 2008 2:28pm Jul 7, 2008 2:28pm
[quote=Wahnone;2095412 Anyone else did those moves?[/quote]

Check post #48!

Like your colored boxes on your charts showing the different markets open and closing. Can you attached this to a post? I like it!
  • #58
  • Jul 7, 2008 3:09pm Jul 7, 2008 3:09pm
Quoting Wahnone
Chart setup: Heikin ashi
EMA 5 close
EMA 8 open
Dinapoli stoch 8-3-3
MomentumVT 10
QQE Alert Smooth Factor 1

Buy: 5/8 ma up crossover
Dinapoli stoch bullish crossover
MomentumVT above 50 level
Heikin ashi is bullish
QQE alert pointing up

Sell: 5/8 ma down crossover
Dinapoli stoch bearish crossover
MomentumVT below 50
Heikin ashi is bearish
QQE alert pointing down

The purpose of this thread is to improve the strategy and also build an expert advisor. You can also add timeframe filters.




Wahnone
Wahnone,
Is it the stochastic or the momentum above or below 50?
Thank you!
  • #59
  • Jul 7, 2008 5:54pm Jul 7, 2008 5:54pm
Quoting balouf
Wahnone,
Is it the stochastic or the momentum above or below 50?
Thank you!
Wahnone's catching some Zzzz's. The answer to your question is the Momentum has to be above 50 for long. Stoch just has to be heading up from the bottom (bullish sign). Opposite for short.
  • #60
  • Jul 8, 2008 5:49am Jul 8, 2008 5:49am
I like the system, itīs a great help in identifying the direction, which price will head with a high probability.
The Art is to identify the real movers and in my eyes thatīs really an Art and in that it looks like i am not the succesfullest. The criterias for long and short are easy.
Wahnon himself says he is not trading against barriers. So in this case one should not take the actual trade now because it will go against the pivot level from this fibonacci pivots indicator which wahnone posted yesterday, (many thanks for that, it appears a lil different like my auto pivots still didnt figure out why what differs).
My qustion now is, what do i not see? I took the trade before, i took it a lil late cause was hesitating after it brohe the pivot level but then i took it and got out with a lil loss from around 13 pips or so. Now the actual trade pushes against the pivot level and if it breaks and the next candle is closing underneeth, is it then a good time to go in or is it not recomandable because it is still lurking around the pivot level or because one should take the trade imediately when it appear. I would appreciate very much if you guys would post me your thoughts how you do it under which criterias.

thx, tick
Attached Image (click to enlarge)
Click to Enlarge Name: 4wahnone momentum.gif Size: 60 KB
Better being out wishing to be in, than being in wishing to be out....
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