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How To Effectively Trade In Both Range And Trending Market By A Single Method

  • #21
  • Jul 18, 2008 9:07pm Jul 18, 2008 9:07pm
Quoting iftc
Contact me and i simply send a Q&A which is actually a troubleshooting package including my students questions from all around the globe.
S.A Ghafari,

Interesting how you joined FF on the 20th anniversary of Black Monday.

lucidlamp

ps: You could save time & effort by posting your Q&A here, if it is possible.
  • #22
  • Aug 24, 2008 5:17am Aug 24, 2008 5:17am
Anyone still trading this GREAT system?I want to know more about it's results,what is it's win/loss ratio and drawdown.
  • #23
  • Sep 5, 2008 12:15am Sep 5, 2008 12:15am
Hi,

I managed to get a copy of the Q&A from the author itself
for all to share and learn.

Anyone trading using this system, please post your
trade for all to share.

Thank you.
Attached File(s)
File Type: doc Trading_Q&A__by_S.A.Ghafari.doc   567 KB | 2,902 downloads
  • #24
  • Sep 5, 2008 2:21am Sep 5, 2008 2:21am
i am long already on audusd and still in profit but i am considering closing my position because of the news at 12pm.........
i know today is a news dau for aus,so it is not advisable to trade it.because you dont know when your tp will be hit.i trade base off the 4h chart so i sometime held onto my position throughtout the day.

also,i am already short on nzdusd and already got over 120pips,i should be out but,from the daily analysis of nzdusd,it is clear that it had break a strong resistance(i do cosidered trendline aswell),so i aim to exit my position at posibly 300+ pips thats why looking at nzdusd chart above,i removed the tp.because it has a potential of moving over 450+ pips.

anyone been trying to trade this sysytem should keep posting,atleast i will be encouraged to continou the thread.
happy trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 52 KB
Click to Enlarge Name: nzdusd.gif Size: 52 KB
  • #25
  • Sep 5, 2008 3:34am Sep 5, 2008 3:34am
I have this setup to share .
You could attach this to your chart
and use this .

//
Attached File(s)
File Type: tpl aaa_ma.tpl   11 KB | 478 downloads
  • #26
  • Sep 5, 2008 3:37am Sep 5, 2008 3:37am
Sorry forgot to include in the picture .
Here it is .

//
Attached Image (click to enlarge)
Click to Enlarge Name: MA_setup.gif Size: 21 KB
  • #27
  • Sep 5, 2008 4:04pm Sep 5, 2008 4:04pm
Quoting mutiara1425
Sorry forgot to include in the picture .
Here it is .

//


thanks for the template,i downloaded it but the macd and rsi is not showing


anyway can you please share the trend indicator,the one showing multitimeframe trend above your chart............
your chart is a type of this strategy,do you trade this strategy?the settings is the same....
  • #28
  • Sep 5, 2008 5:06pm Sep 5, 2008 5:06pm
You know, I just opened the PDF and see good old MACD. The first thought in my mind: just another person plopping random indicators on a chart.... finding a few patterns that made pips here and there..... and ignoring where the TA system failed.

MY QUESTION IS: How many of you ACTUALLY KNOW WHAT MACD IS? Now some will say... I don't need to know what it is, but only how to use it. I will say that you aren't a real trader.


I'll give a dollar of demo account money to the first person that correctly defines it (I already looked it up for myself)



The point is, wouldn't it be nice to remove the magic and voodoo of your TA, and ACTUALLY UNDERSTAND WHAT YOU ARE TRADING? Thanks for hearing the rant.
  • #29
  • Sep 5, 2008 6:36pm Sep 5, 2008 6:36pm
I guess I'll be the loser to answer:

MACD stands for Moving Average Convergence Divergence it's the difference between the fast and slow EMAs. (The histogram is anyway). The signal line is the moving average of that histogram
  • #30
  • Sep 5, 2008 6:40pm Sep 5, 2008 6:40pm
i owe you a demo dollar. would you like it distributed in IBFX, FXDD, or FastBroker denominations?

Quoting Ronald Raygun
I guess I'll be the loser to answer:
  • #31
  • Sep 5, 2008 10:22pm Sep 5, 2008 10:22pm
Quoting folastevo
thanks for the template,i downloaded it but the macd and rsi is not showing


anyway can you please share the trend indicator,the one showing multitimeframe trend above your chart............
your chart is a type of this strategy,do you trade this strategy?the settings is the same....
No problem of sharing , after all life is about sharing .............

I just using your setting data on RSI and MACD and put into my indicators .
The RSI indicator I'm using could change color and also have an alert
and the MACD also have 3 colors . This makes things easier to see .

The trend indicator is per attachment in .ex4 file .
You attached this file to expert / indicator folder .
You open the "input" then you can set to the numbers you want .
- RSI
- CCI
- MACD
- MA
- STOCHASTIC
Attached File(s)
File Type: ex4 #Signal_Bars_v4.ex4   64 KB | 437 downloads
  • #32
  • Sep 6, 2008 12:49pm Sep 6, 2008 12:49pm
Hi,

Thank for posting your trade, will learn from it.

1.By the way, why are some of you using other indicators beside on the one
mentioned in the articles.

2.I am still trying to digest some of the articles concepts like the
stop loss and whether to use MACD with the RSI, confusing to me.
Anyone to clear my confusion.

Thank
  • #33
  • Sep 7, 2008 3:49am Sep 7, 2008 3:49am
Quoting tdion
You know, I just opened the PDF and see good old MACD. The first thought in my mind: just another person plopping random indicators on a chart.... finding a few patterns that made pips here and there..... and ignoring where the TA system failed.

MY QUESTION IS: How many of you ACTUALLY KNOW WHAT MACD IS? Now some will say... I don't need to know what it is, but only how to use it. I will say that you aren't a real trader.


I'll give a dollar of demo account money to the first person that correctly defines it (I already looked it up for myself)



The point is, wouldn't it be nice to remove the magic and voodoo of your TA, and ACTUALLY UNDERSTAND WHAT YOU ARE TRADING? Thanks for hearing the rant.


just another person blabla blabla.thats how you go around destroying peoples thread.
if you are not here to learn better stay out .........
thanks..................
  • #34
  • Edited 9:24am Sep 7, 2008 8:59am | Edited 9:24am
I agree with TDION... this stuff is weak. However, I think TDION needs to lighten up and offer some encouragement... realistically, in a sideways market or volitile market these type of systems will get crusified. By the time you figure out its a sideways market or volitility is up, it will be too late. Obviously, hes never traded a contracting triangle on the gpb/yen.
Learningman...your new... My advise is to run through the entire gammut of stochs, rsi, macd and others. You ll find there are better settings especially if your day trading. This is a system that would need to be manually traded ..you will need a lot of working hours to catch the right spot. I tried that in my early trading career a few years back and almost died on the 1 am stuff. LEARN TO PROGRAM ! Its easy and worth your time. There are indicators and methods that can do just about anything on these threads. Dream it and it is there. believe me.
  • #35
  • Sep 7, 2008 11:17am Sep 7, 2008 11:17am
Quoting learningman
Hi,

Thank for posting your trade, will learn from it.

1.By the way, why are some of you using other indicators beside on the one
mentioned in the articles.

2.I am still trying to digest some of the articles concepts like the
stop loss and whether to use MACD with the RSI, confusing to me.
Anyone to clear my confusion.

Thank

the way i trade the strategy is a bit modified........
i dont use the rsi at all...........
only macd is needed for confirmation...........
i look at larger timeframe(daily) for confirmation on where the market is going
then i will wait for a pull back(a pullback may generate a signal on the 4h timeframe,dont take it,instead wait for the trend to continou and you will get a signal in the direction of the daily trend on th4h timeframe.

stoploss is 15-20 pips from ema 55,and target is always 1.5*your calculated sl.

like the nzdusd my target should have been hit if i adhere strictly to the rules but i saw a potential downward move --like 200pips - so i quickly removed my tp and let the market run.now i have put my sl at breakeven.......cheeers
  • #36
  • Edited 12:02pm Sep 7, 2008 11:33am | Edited 12:02pm
Quoting 4XWeezal
I agree with TDION... this stuff is weak. However, I think TDION needs to lighten up and offer some encouragement... realistically, in a sideways market or volitile market these type of systems will get crusified. By the time you figure out its a sideways market or volitility is up, it will be too late. Obviously, hes never traded a contracting triangle on the gpb/yen.
Learningman...your new... My advise is to run through the entire gammut of stochs, rsi, macd and others. You ll find there are better settings especially if your day trading. This is a system that would need to be manually traded ..you will need a lot of working hours to catch the right spot. I tried that in my early trading career a few years back and almost died on the 1 am stuff. LEARN TO PROGRAM ! Its easy and worth your time. There are indicators and methods that can do just about anything on these threads. Dream it and it is there. believe me.
interesting..............

ok tell me about an indicator that can scientifically spot a ranging marke..i want to learn.....free to improvise????
all indicator are telling you when a trend is unfolding and their weaknesses is their ability to tell you when the trend will be over.....thats why we have trend ind and oscilator..
oscilator will tell you the turning point within the trend but a trend idicator will surely tell you the price is going ,joint the trend.when you use the two,you can only be faulty when a price break out.....break against you or in your favour........
you,lets be real,the only and the effective way to use and indicator is to always respect its reading when it support the one of larger timferame.....
that,this indicator is weak in spoting ranging market and you claim that there are indicators which has the potential of telling you that an unfolding trend is false is imposible..........
you have to use your senses.........
be real.........
tell me the strategy you use,and i will tell you its weaknesses....if i am correct,then why do you make money(if at all you make any)..
lets be real.......
  • #37
  • Sep 9, 2008 3:00am Sep 9, 2008 3:00am
Today AUD/USD touch the 200 day line on weekly chart .
See attachment .

What does this mean ?
Might see a reversal or break down to even lower .

So what should we do ?
Watch , any sign of reversal , jump in and take the ride
BUT remember this pair much influence by the commodity - oil and gold .
So do not forget to also check the prices of these commodities .
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Sep. 09 15.52.gif Size: 19 KB
  • #38
  • Sep 9, 2008 3:08am Sep 9, 2008 3:08am
Sorry forgot to also include in the COT
sentiment chart for the week .

There is also sign of the pair to move up .
See attachment
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Sep. 09 16.08.gif Size: 35 KB
  • #39
  • Dec 2, 2010 5:48am Dec 2, 2010 5:48am
Quoting learningman
Hi,

I managed to get a copy of the Q&A from the author itself
for all to share and learn.

Anyone trading using this system, please post your
trade for all to share.

Thank you.
Hi all

I'm new to Forex Factory but came across the forum while researching S.A. Ghafari trend system. I've backtested Ghafari's trend system on a variety of ETFs including currencies and commodities and have just started to trade it with my own real money. If you are interested in my trades I am recording them on my own blog which you can look at here. Would be very interested in any comments you have. Many thanks

ttt
  • #40
  • Last Post: Oct 31, 2016 9:48am Oct 31, 2016 9:48am
Quoting folastevo
{quote} the way i trade the strategy is a bit modified........ i dont use the rsi at all........... only macd is needed for confirmation........... i look at larger timeframe(daily) for confirmation on where the market is going then i will wait for a pull back(a pullback may generate a signal on the 4h timeframe,dont take it,instead wait for the trend to continou and you will get a signal in the direction of the daily trend on th4h timeframe. stoploss is 15-20 pips from ema 55,and target is always 1.5*your calculated sl. like the nzdusd my target...
r u still using the strategy...?
If yes can you explain ur modified strategy ...?
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